That I find it interesting that Geithner speaks in partial sentences. Sometimes even uses one word or two to represent a sentence.
But, I also notice if he talks in a rapid pace he doesn't do it. I also think if he could speak just a little faster his ideas would come across a little clearer
Thursday, March 26, 2009
is it strange?
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I'll tell you what is strange to me. Geithner and Obama are exactly my age and both went to undergraduate schools that I had on my short list.
I chose Univ of Chgo for personal reasons, but these guys could easily have been classmates of mine (instead of just David Brooks from NYT and Dave Hyman*!)
Maybe it's a generational thing, but I find it daunting and exhilarating that folks from my generation are being called upon at this juncture. Maybe everyone goes through this emotion as they reach middle age... (and I realize that I am drifting into the GYOFB territory)..
...but as afar people my age, Tim Geithner comes across as a thoughtful and capable individual. I'm not sure what role he played in the lack of oversight the last several years, but I feel confident he has a grasp and a plan.
* http://www.law.illinois.edu/faculty/directory/DavidHyman
Interesting. You know me(I get tired of writing that, before I reference things I feel I've said a thousand times)
These guys work hard. And deserve so much more respect than they get.
I get offended when I hear stuff like that Paulson was just trying to grease GS pockets. I can support some form of that in a subconscious way. But Most people have noble intentions. But are subject to selfish... alter-conscious motives(I feel like I just made that phrase up).
I think congress is by far more corrupt than treasury and the fed.
So.. Derivatives... I realized this in the "Chess Chat", there is this dumb ass who was trying to pass himself off as a "Banker". So he was using the phrase derivatives synonymous with CDOs and CDOs Squared etc...
I notice that there are a ton of people that are now using Derivative.. as the great boogyman of financial markets... and that somehow they are "toxic Assets"... all these buzzwords are just killing me with the broad misusage.
I have some very interesting thoughts about the hearing today.
There is a real dicotomy here, It's the risk management that is making things Too interconnected. It's the CDS that created much of the crisis. And yet the point of it was to mitigate risk.
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