Timmy Tells the Bundestag: Halt’s Maul!

[that means STFU in German (a maul is an animal mouth, surviving in English as maw)]

US Treasury Secretary Timothy Geithner has warned European leaders to stop the “loose talk” about divisions over how to solve the eurozone debt crisis, the Dow Jones news agency has reported. Speaking at a closed meeting of eurozone finance ministers in Poland, he is reported to have told them that the divisions were “very damaging”. The eurozone ministers delayed a decision on Greece’s next bailout loan.

Yet they did announce tougher economic governance rules. Set to come into force for all nations in the European Union (EU) from October, they will make it easier for states to be punished for overspending. Mr Geithner reportedly said: “What’s very damaging is not just seeing the divisiveness in the debate over strategy in Europe but the ongoing conflict between countries and the [European] central bank.”

He said that “governments and central banks need to take out the catastrophic risk to markets”. BBC

Sounds like a Labor thug! The unhinged will go off!. Timmy is advocating wanton violence against catastrophic risk mongers.
But seriously, some guy from the US saying, ‘don’t talk back,’ at least he didn’t say, ‘eat your peas.’ Loose talk, is that what opposition to can kicking bank bailouts is called nowadays? I’ll bet the old farts in the German Parliament are not amused.


They learned from Bismark, they wouldn’t mind a bit of catastrophic crisis, so long as they manage it through to the end game.


8 Responses

  1. "What's very damaging is the ongoing conflict between mere countries and The Central Bank." there, I fixed itboy I sure hope that never happens here, questioning the bank bailouts, now that is a recipe for a real catastrophe

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  2. An American in Berlin tells a German to speak with the same mouth as an Italian and a Frenchman, but it must be a banker's mouth.Premise for a shaggy dog story?I heard a rumor that Bibi will bless the UN vote. Through the mouth of a banker, no doubt.

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  3. It is almost unbelievable. John Marshall says it was a poorly received speech. Amazing.

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  4. He'll get here eventually…he said"I think it was pointed out to him directly that the total euro zone debt to GDP ratio was still less than the US. Of course the point is that euro banks are zombie banks."So understated, what does that mean about BoA? I hope this isn't boring to the ATM folks, it isn't that we need lots of cross talk and faux controversy. I just don't want to be boring.I can't understand why Americans are this way. Why does Geithner feel like he can lecture the Euros, it is as if he thinks the adult in the room act works. And he even looks like a little boy, Timmy.

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  5. Didja read NYT's review of Susskinds book? TurboTimmy slow walked the Citi restructuring.

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  6. I'm telling you Mr. Troll, this isn't funny. These people believe they own us. I don't want to get all biblical, but you have to wonder why the prohibitions against usury (finance capital) were as categorical as those against incest. It seems like back in pre-history, they had already had some boom and bust cycles and figured pay-go didn't generate the booms, but that that was worth it.

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  7. BEIJING – Mao Zedong famously said a single spark could start a revolutionary prairie fire. That fear is now driving his Communist Party successors to grapple with how to tame expanding legions of microbloggers. ReutersWe are in trouble! I knew this would happen.

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  8. My bank has been pissing me off. It's like they want s to get out the torches and pitchforks.

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