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Geithner’s Rap Sheet

Posted by FactReal on January 26, 2009

Geithner, Bernanke, Treasury testified about Bear Stearns

NYT: Geithner, Bernanke, Treasury testified about Bear Stearns

  Geithner’s Six Degrees: Portfolio.com

Did not pay his taxes tax documents here, or here
did not paid some $42,000 in federal taxes from 2001 through 2004 while working for the International Monetary Fund (IMF) which oversees the global financial system
○ as an employee of the IMF, he was considered self-employed and was responsible for paying his self-employment taxes
paid $26,000 of that debt after Obama tapped him as his choice for Treasury Secretary
Kept tax reimbursements of taxes he did not pay
○ he kept the IMF’s tax allowances instead of paying his taxes (the IMF gives its employees an extra allowance so the employees can pay their self-employment taxes)
Illegal deductions
○ deducted unallowable expenses and did not amended them: i.e., overnight camps of his dependent child in 2001, 2004 and 2005
○ improper small-business deduction, a charitable-contribution deduction for ineligible items, and the expensing of utility costs that went for personal use.
Employment of illegal maid

Clinton bureaucrat
○ his mentor was Clinton’s Treasury Secretary, Lawrence H. Summers, who now will serve as a senior economic adviser to Obama
○ worked under Treasury Secretary Robert E. Rubin and Summers to guide the Clinton administration’s response to currency collapses
○ in the last years of the Clinton administration, Geithner was promoted to undersecretary when Summers became Treasury secretary.

As if being one of the main instigators of the failed bailouts and evading his taxes are not enough, the next Treasury Secretary is creating more troubles:
the dollar promptly fell and gold jumped $40 after Geithner said the Obama Administration “believes that China is manipulating its currency”

With no experience in private banking or finance, he has been the mask behind the bailouts. Who are the faces behind the bailout-government-takeover?
How can you be head of the Department of Treasury which oversees the IRS, when you have tax problems?
Despite all his tax evasions, this man will be the nation’s chief tax collector – Obama vowed to be the most transparent and clean administration ever. Obama, you fail again.
He claims he committed an honest mistake [in not paying his taxes for years] which sounds like a pathetic excuse coming from a man considered to be a brilliant financial markets specialists

U.S. Senate Approves Geithner. Final vote 60-34.
No surprise here: a tax-cheater will lead the IRS. Viva the change in bizarro USA!


4 Responses to “Geithner’s Rap Sheet”

  1. […] Yes, Bush was the president when the failed bailouts started but it was a Democrat Congress in charge….they eagerly passed the bills.  Bush was wrong in trusting Democrat Congress, his Democrat Treasury Secretary Paulson and current Democrat Treasury Secretary Tim Geithner (who was the President of NY Federal Reserve Bank which oversees WallStreet)   Check Geithner’s Rap Sheet. […]

  2. […] architect, of the Bush Administration response to the financial crisis in the form of bailouts. (Geithner’s Rap Sheet) ● Hank Paulson, although appointed by Bush as Treasury Secretary, his Democrat DNA was evident […]

  3. […] Rap Sheet: Tim Geithner […]

  4. […] Obama sports $540 sneakers to volunteer at Feeding America! Rap Sheet: Tim Geithner Why Geithner was selected by People Magazine Barack’s Beauties CNN’s Alina Cho Gushes Over […]

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