More socialism...

When asked if he'd like to replace more CEO's Geithner said of course.

Days after GM's CEO Rick Wagoner was forced out by the Obama administration, Treasury Secretary Timothy Geithner left open the possibility that such moves could happen again.

In an interview with CBS Evening News anchor Katie Couric, Geithner acknowledged the government has had to do "exceptional things" – citing AIG as well as Fannie Mae and Freddie Mac.

"We have changed management aboard," he said. "And where we've done that, we've done it because we thought that was necessary to make sure these institutions emerge stronger in the future."

When asked if he would leave open the option to pressure a bank CEO to resign, Geithner replied: "Of course."

It shouldn't be the governments responsibility to run banks. And definitely not their job to fire CEO's. This is socialism and plain and simple.

I'm sure Geithner knows

The trick is getting the American people to know Geithner plan is radical. I think more and more people are starting to realize how radical the whole Obama administration is.

In testimony before the House Financial Services committee that just adjourned, Treasury Secretary Tim Geithner just had to defend his institutional takeover plan against charges of radicalism.

"Do you realize how radical your proposal is?" Rep. Donald Manzullo (R-Ill.) asked.

"It's not radical. . ." Geither began, before Manzullo interrupted him.

"You're talking about seizing private businesses and you don't consider that radical?" Manzullo replied, his voice rising.

I guess it isn't radical if you want to live in a socialist/communist country. But most Americans don't want that. They were just tricked into thinking Obama was here for the working people. They can keep proposing idealistic proposals that don't and have never worked through out history. All this is going to do is making Obama a 1 term President.

China wants a world currency

Much like they have with the euro. And as bad of an idea as it was in Europe it will be even worse if there is only one currency through out the world. But of course the Worlds Smartest Treasury Secretary, Tim Geithner, is open to this ridiculous idea.

Geithner, at the Council on Foreign Relations, said the U.S. is "open" to a headline-grabbing proposal by the governor of the China's central bank, which was widely reported as being a call for a new global currency to replace the dollar, but which Geithner described as more modest and "evolutionary."

"I haven’t read the governor’s proposal. He’s a very thoughtful, very careful distinguished central banker. I generally find him sensible on every issue," Geithner said, saying that however his interpretation of the proposal was to increase the use of International Monetary Fund's special drawing rights -- shares in the body held by its members -- not creating a new currency in the literal sense.

"We’re actually quite open to that suggestion – you should see it as rather evolutionary rather building on the current architecture rather than moving us to global monetary union," he said.

"The only thing concrete I saw was expanding the use of the [special drawing rights]," Geithner said. "Anything he’s thinking about deserves some consideration."

The continued use of the dollar as a reserve currency, he added, "depends..on how effective we are in the United States...at getting our fiscal system back to the point where people judge it as sustainable over time."

And they say the Neo Cons were the ones who wanted the New World Order? Either that or it is Obama's plan to bankrupt the country and start fresh with a world government.

And of course everytime Geithner opens his mouth the dollar drops.

He said increased use of SDRs should be thought of as an “evolutionary” step rather than a step towards “global monetary union”.

The dollar fell 1.3 per cent against the euro as headlines saying “Geithner open to SDR currency” flashed across traders’ screens. With the currency falling, Mr Geithner’s interviewer – Roger Altman, a deputy Treasury secretary in the Clinton administration – gave Mr Geithner the chance to clarify.

Hopefully we can survive these next 4 years until we can vote in a Conservative to fix the messes these big government liberals have created.