Wikinvest Wire

Timmy Geithner needs some help

Sunday, March 08, 2009

As someone who knows first hand, the name "Timmy" can have an uncomfortable connotation for its owner, in large part (for me at least) due to another Timmy being rescued on many occasions by a very smart collie in the popular 1950s TV series Lassie.

[Note: According to IMDB, though it has been spoofed many times, "the one situation that Timmy never needed saving from in the entire history of the show was falling down a well."]

A search of "Timmy Geithner" is loaded with references to such popular websites as iTulip, the Implode-O-Meter, Paul Farrell at MarketWatch, and elsewhere with commentary that is anything but flattering, though, as yet, there is no mention of a well.

The way things have been going for the new U.S. Treasury Secretary, now only six weeks into his new job in Washington, don't look for the situation to improve anytime soon - either with the economy or with his reviews.

That point was made rather clear in this trio of reports at Yahoo! Finance earlier today:
IMAGEPresumably, this none-too-flattering image is just a stock photo that is summoned when the Treasury Secretary is the subject of a report, both of these from the French AFP, but it sure does seem like they're piling on a bit, especially in that last story.

Of course, as the former president of the Federal Reserve Bank of New York when all the seeds of the current crisis were being sown a few years ago, maybe he isn't very deserving of any sympathy these days despite the appearance of being overwhelmed by it all.

Who knows.

By the looks of that first report, there is some help on the way, but will it make any difference?

If only Lassie were around to rescue Timmy this time.


This week's cartoon from The Economist: IMAGE


Mathlete said...

Maybe Timmy from South Park is a better analogy.

pebird said...

Toxic Tim works for me.

Anonymous said...

Top Treasury Department positions to be staffed by OfficeTeam and interns

WASHINGTON – US Treasury Secretary Tim Geithner has a lot resting on his shoulders: Printing fake money that will still be accepted in world markets, delaying the ramifications of a “spend what you don’t have to buy what you don’t need” culture for another generation and soothing the frayed nerves of the 90% of Americans who have felt no ill effects of Great Depression v2.0 yet continue to respond in lockstep fashion to calamitous headlines urging them to melt gold teeth fillings and stockpile tuna, beans and cash under their mattresses ...

Top Treasury Department positions to be staffed by OfficeTeam temp service

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