timothy geithner
Timothy Geithner, Secretary of the Treasury
resources
Duties of the U.S. Treasury
Timothy Geithner Failed to Pay Taxes
Geithner Apologizes for Tax Blunder
Geithner Worked for Kissinger & Associates
Geithner Helps Orchestrate Bailout of AIG
Kissinger Approves Indonesian Massacre
Description of the New York Federal Reserve Bank
Democrats Agree to IMF Money in U.S. War Bill
The IMF and Ethiopia's Dictator Cooking Up Fake Statistics
IMF Lending Still Requires Harmful and Inappropriate Economic Conditions
Documentary About the IMF Crushing Jamaica's Economy
Top 10 Reasons to Oppose the IMF
U.S. Budget Deficit Hits a New Record
Additional Links of Interest
Chinese Students at Peking University in China Laugh at Tim Geithner
TIME Facts and Quotes about Geithner
Learn how U.S. Treasury Bonds Work
Geithner Can't Explain Failure to Pay Taxes
IMF Wrecked Jamaica
Geithner Vents Expletive-laced Critique
transcript
President Obama selected Timothy Geithner as his Treasury Secretary, the principal economic adviser to the President and chief of the Treasury Department. This department is responsible for supervising banks, managing government accounts, producing currency, and investigating and prosecuting tax evaders like…Timothy Geithner!
Shortly before his official appointment, news broke of Geithner's failure to pay $34,000 in taxes between 2001-2003. Timothy came clean in front of the Senate Finance Committee but was never prosecuted for tax evasion.
His past work experience includes a 3-year stint at Kissinger and Associates, a secretive international consulting firm for the most powerful companies in the world. Why is this important? Kissinger and Associates was founded by Henry Kissinger, former Secretary of State to Presidents Nixon and Ford. Many consider Kissinger a war criminal for his oversight of illegal bombings in Laos and Cambodia during the Vietnam War that killed hundreds of thousands of innocent people.
Today, Kissinger chairs the International Advisory Board for AIG, the insurance giant that Geithner helped rescue with $150 billion in taxpayer dollars. Should we be concerned about the influence his former boss may have on Geithner's decisions as Treasury Secretary?
Geithner is also a former CEO of the New York Federal Reserve Bank. The Reserve Bank of New York is one of 12 banks that make up the Federal Reserve. The Federal Reserve is no more federal than Federal Express. It's not a part of the government, but is a private institution which assists the government's financing operations. This is significant because Geithner derives his banking experience from a system accustomed to secrecy and non-accountability. But don't take it from us. Here is Alan Greenspan, former chairman of the Federal Reserve.
For two years Timothy Geithner worked as a director at the International Monetary Fund. The IMF is an organization of 185 countries that lends money to struggling nations and acts as a kind of watchdog over the global financial market. Despite its stated purpose, the IMF has been heavily criticized for its support of military dictatorships around the world and for catering to Wall Street interests.
The leading argument against the IMF's economic policies is that they actually keep developing countries in debt rather than alleviating it. By loaning cash out at very high interest, it forces poor countries to cut basic services for its people. The IMF has been blamed for crippling the economies of Russia, Jamaica, Haiti, and many other developing nations.
The recent stimulus bill and corporate bailouts have just helped raise the national debt to $11.3 trillion, its highest ever. With the economy being a major concern to so many Americans, Geithner should feel the pressure to perform as Treasury Secretary. Given his past work experience, Geithner will have to do a total 180 to prove he's beholden to the American people, not Wall Street. With a minor miracle, he'll do just that AND remember to pay his taxes.
