Wednesday, February 6, 2013

Geithner Plans Financial Crisis Book

The former Treasury Secretary plans to write a book about his response to the crisis, with publication targeted for 2014, according to a source familiar with the project, reports CNN.

Actually in 2012, I wrote the outline for Geithner's book:

Geithner's Guide to High Finance

Quickly loan money to desperate investment banks via TARP.

Get the Federal Reserve to create money and use the money to buy junk assets from investment banks, so that they can pay back TARP.

Declare yourself  a financial genius:
Overall financial bailout costs look cheap compared to past crises, with the final net cost of U.S. Treasury rescue efforts likely under $25 billion, Treasury Secretary Timothy Geithner said on Thursday.

Geithner told bailout overseers that the Treasury expects to earn a profit on its remaining support for banks, automakers, credit markets and American International Group as part of the $700 billion Troubled Asset Relief Program, although it would likely lose money on its housing support programs.
Leave Fed standing alone to deal with [...] skyrocketting inflation, and hope people forget that the inflation is tied to the Treasury's so-called TARP "profits".


  1. Correction, title should read: "Geithner Plans Financial Crisis".

  2. Wenzel for President!

    Wait. Is that an oxymoron? Maybe not