Welcome login | signup
Language en es fr
OccupyForum

Forum Post: Tim Geithner, "bailouter in chief," is stepping down at the end of Jan. Can we get Obama to choose someone not from Wall Street?

Posted 1 year ago on Jan. 6, 2013, 1:47 a.m. EST by toobighasfailed (117)
This content is user submitted and not an official statement

Not only was Geithner called "bailouter in chief" by Sheila Bair, but he also was called "our man in Washington" by a top banker in Ron Suskind's book Confidence Men.

Geithner was a major player in the bank bailouts.

Here's the report about him stepping down: http://www.huffingtonpost.com/2013/01/03/timothy-geithner-step-down_n_2403806.html

The problem is that Jack Lew, another Wall Street guy, is going to be called to fill the treasury spot. Here's what Salon has to say about Lew:

"For his work at Citigroup, work that included betting on the housing collapse, Lew received a salary of $1.1 million. After Citigroup received its $45 billion taxpayer bailout, Lew—two weeks before joining the Obama administration—received another $900,000 from Citigroup as a bonus."

Is there anything we can do to pressure Obama to not choose Lew, and to choose someone who cares instead about main street?

I made this venn diagram to try to show how bad this problem is and spread the word: http://www.switchyourbank.org/we_need_more_people_from_main_street

Any ideas about other ways to put pressure on Obama to not cave into Wall Street's wishes?

1 Comments

1 Comments


Read the Rules
[-] 1 points by OTP (-203) from Tampa, FL 1 year ago

"can we get someone who is working for wall street to choose someone who isnt, after over 100 yrs of the same things within each of the two parties that americans always elect"....

Prob not dude.