Geithner on Plans to Replace Bernanke: “No Chance of That”

January 31, 2013 By 9 Comments

Former Treasury Secretary Timothy Geithner has given the odds for his nomination as Fed Chairman to replace Bernanke as the same as he gave the odds of a US debt downgrade in June of 2010:  “no chance of that”. 

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MarketWatch reports that Geither has taken himself out of the running to replace Bernanke as Fed Chairman:

Outgoing Treasury Secretary Timothy Geithner on Friday took himself out of the race to replace Fed Chief Ben Bernanke, whose second term ends early next year.

In an interview with Politico, Geithner said there was “not a chance” he would ever serve as Fed chairman. “I have great respect for the institution, but that will be someone else’s privilege,” Geithner said.

In other news, the FOMC announced Thursday that Fed Chairmen will receive complimentary H&R Block tax services beginning in 2014. 


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Comments

  1. Avatar of Luigi Luigi says:
    January 31, 2013 at 11:04 AM

    Corzine for Fed chair!

  2. Avatar of Marchas45 Marchas45 says:
    January 31, 2013 at 11:42 AM

    Just give it to the Treasury, their running it anyway. Why have a Chairman? O! I forgot we have to keep Unemployment down no matter what.

  3. Avatar of Argyrion Argyrion says:
    January 31, 2013 at 11:55 AM

    Because he knows the Fed is going to be the Fall Guy before we go to the next paradigm

  4. Avatar of silverrrrr silverrrrr says:
    January 31, 2013 at 12:10 PM

    If Turbo Tax Timmy says “no chance” then its probably a guaranteed lock he’ll replace Helo Ben.  But, of course, who cares?  They are ALL greedy, elitist bastards (GEBs)!

  5. Avatar of Slvrizgold Slvrizgold says:
    January 31, 2013 at 3:03 PM

    Anytime Timmy speaks he should get riotous laughter in response, like when he went to China and told an auditorium full of students that the US had a “strong dollar policy.”

  6. Avatar of MaryB MaryB says:
    January 31, 2013 at 9:11 PM

    I don’t trust a work any federal official says. Feed them to the sharks but PETA would get mad

  7. Avatar of UglyDog UglyDog says:
    January 31, 2013 at 10:02 PM

    It’s already in the works I’m afraid.  Succeeding Bernanke will be 谢旭人.
     
    http://en.wikipedia.org/wiki/Xie_Xuren

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