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Showing posts with the label Tim Geithner

The gift that doesn't keep on giving...

Back in 2008, when our economy was in the midst of its nose dive, Warren Buffet stepped in and gave Goldman Sachs a shot in the arm with a $5 billion "investment" in the "bank holding company." At the time, Buffet was quoted in the Guardian as saying: : "Five years from now, ten years from now, we will look back at this period and we will say you could have made some extraordinary buys. "The American economy over a period of time will do very well, and people that own a piece of it will do very well." At that time, he also praised Goldman Sachs for being "an exceptional institution" with an "unrivaled global franchise, a proven and deep management team and the intellectual and financial capital to continue its track record of outperformance." Back then, Buffet's investment boosted confidence in the markets and calmed the markets. Today, Buffet has proved to be right about the "extraordinary buys" to be had...

Tim Geithner: Going Vogue

It will take a while, but you'll find him if you look hard. Page past the metal-clad Gucci model... Past the the starved-looking girl in the Juicy Couture ad (note to Juicy Couture marketing execs: nothing juicy about anorexia!)... Past Kate Moss wearing little more than a purse in a cab... Past the spread on "the Warrior Way" (which has nothing to do with warriors and everything to do with "tattered minis strapped with shoulder armor and breastplates")... Past the story on Tina Fey (but before the pic-heavy story on Robert Pattison)... And there you'll find him. Tim Geithner going Vogue , "on the money," spilling his guts about the bailout, all in the March issue of Vogue magazine. Who needs the New Yorker and Atlantic profiles when Vogue is there to chat with the US Treasury Secretary about TARP and bonuses and all the other topics so dear to the hearts of Vogue readers? The article opens with this: "If last year'...