This is BX @ Boxden.com


Oct 2 - Mitt Romney Considering Infamous Ex-Merrill Lynch CEO To Replace Geithner


 Oct 2 - Mitt Romney Considering Infamous Ex-Merrill Lynch CEO To Replace Geithner
topic by Ham Rove - 10-02-2012, 09:28 PM - Boxden > BX Daily Bugle - news and headlines


Mitt Romney is considering appointing a man who oversaw the implosion of a major Wall Street firm and got himself a $35,000 toilet while doing it as Treasury Secretary.

John Thain, the former CEO of Merrill Lynch, is on Romney's short list of possible Treasury Secretary picks, the Wall Street Journal reports. He paid his executives massive bonuses before selling Merrill Lynch to Bank of America during the height of the financial crisis with the help of government bailout money. He tried to snag a $10 million bonus for himself as the firm was collapsing, and he even spent $1.2 million on remodeling his office -- including on a $35,000 toilet -- as Merrill Lynch was imploding. Bank of America CEO Ken Lewis pushed Thain out in January of 2009.

Buying Merrill Lynch has saddled Bank of America with massive mortgage losses, as well as legal costs. BofA recently agreed to pay $2.43 billion to settle a class-action lawsuit alleging it misled investors about Merrill Lynch's finances.

In addition to Thain, Romney is also considering Richard Kovacevich, former CEO of Wells Fargo; Robert Zoellick, former president of the World Bank; and Glenn Hubbard, dean of Columbia Business School, as potential candidates for Treasury Secretary, according to the WSJ.

Current Treasury Secretary Tim Geithner is unlikely to stay in his job past January no matter who wins the election. He told Bloomberg TV earlier this year that he is "pretty confident" that President Barack Obama will not ask him to stay on if Obama wins a second term. Geithner considered leaving President Obama's economic team earlier, but Obama lobbied heavily to keep him, according to the New York Times.
Mitt Romney Considering Infamous Ex-Merrill Lynch CEO To Replace Geithner


Latest News Hot Topics »   share this topic »   Share this on Twitter Share this on Facebook

7 comments for "Oct 2 - Mitt Romney Considering Infamous Ex-Merrill Lynch CEO To Replace Geithner"


 10-02-2012, 10:56 PMaway - #2
ItAlY2BkLyN 199 heat pts199

  d 
space
$13,546 | POWERFUL
See it's all the same !!. Obama appointed Tim Geithner who used to be the head of the NY Federal Reserve. And Romney wants to appoint the head of a securities firm. Party affiliation has no effect on government policy. It is just a distraction to the real issues.
 10-03-2012, 12:13 PMaway - #3
Nothavingit 45 heat pts45

  d 
space
$3,429 | POWERFUL



Rmoney don't care at all
 10-03-2012, 12:45 PMaway - #4
Heisenberg 74 heat pts74

  d 
space
$6,381 | POWERFUL
Originally Posted by Nothavingit



Rmoney don't care at all
 10-03-2012, 04:16 PMaway - #5
ItAlY2BkLyN 199 heat pts199

  d 
space
$13,546 | POWERFUL
Originally Posted by Nothavingit



Rmoney don't care at all
lol that's a perfect "DIDN'T READ" or "HATERS GONNA HATE"

 10-03-2012, 05:33 PMaway - #6
Screwhead|m 168 heat pts168

  d 
space
$14,693 | POWERFUL
John Thain, the former CEO of Merrill Lynch, is on Romney's short list of possible Treasury Secretary picks, the Wall Street Journal reports. He paid his executives massive bonuses before selling Merrill Lynch to Bank of America during the height of the financial crisis with the help of government bailout money. He tried to snag a $10 million bonus for himself as the firm was collapsing, and he even spent $1.2 million on remodeling his office -- including on a $35,000 toilet -- as Merrill Lynch was imploding. Bank of America CEO Ken Lewis pushed Thain out in January of 2009.
Same old, same old.


In addition to Thain, Romney is also considering Richard Kovacevich, former CEO of Wells Fargo; Robert Zoellick, former president of the World Bank; and Glenn Hubbard, dean of Columbia Business School, as potential candidates for Treasury Secretary, according to the WSJ.
Globalists are fully in his corner (likewise with Obama).


Current Treasury Secretary Tim Geithner is unlikely to stay in his job past January no matter who wins the election. He told Bloomberg TV earlier this year that he is "pretty confident" that President Barack Obama will not ask him to stay on if Obama wins a second term. Geithner considered leaving President Obama's economic team earlier, but Obama lobbied heavily to keep him, according to the New York Times.
He sure as hell did......

Corrupt deals w/ the NY FED, detailed Wall Street connections, tax evasion.....and Obama kept him.


Gotta love that "change"
 10-03-2012, 06:44 PMaway - #7
nightmare 397 heat pts397

  d 
space
$12,062 | POWERFUL
Originally Posted by ItAlY2BkLyN
lol that's a perfect "DIDN'T READ" or "HATERS GONNA HATE"

 10-03-2012, 07:19 PMaway - #8
Aces Up 43 heat pts43

  d 
space
$2,549 | POWERFUL
Originally Posted by Nothavingit



Rmoney don't care at all
 
 


Go Back   Boxden.Com - Stay First. Follow BX. > BX Table Of Contents > BX Daily Bugle - news and headlines
    
         

 



Latest hot topics on fire the past 48 hrs
Video inside  X-MEN: DAYS OF FUTURE PAST Offiical Final Trailer #3
70 comments
Image inside  EA Sports Unveils First Look at NBA Live 15
58 comments
NBA yo Wiggins is fuggin shredded tho.. (pic)
109 comments
  What Rapper Has Never Had His Credibility Questioned
New reply 40 seconds ago - 125 comments - by "SS"
 NBA Lebron Improves Fg% For 7th Straight Year, Is Only Pla...
New reply 5 minutes ago - 72 comments - by Motion
 Video inside So The Boy August Alsina Just G Checked 106 And Park L...
New reply 3 minutes ago - 224 comments - by Adwerdz
 NBA Cnn Breaking News: Lebron James Is The Best Nba Player...
New reply 5 minutes ago - 56 comments - by Motion
 Article inside Gucci Mane Negotiating With Federal Government To Redu...
New reply 3 minutes ago - 137 comments - by loyola llothta
 NBA One Nba Exec On Miami Heat Outside Of Lebron: “no One’...
New reply 8 minutes ago - 75 comments - by T2THEONE
 Image(s) inside "....fu-k The Police. If You See Her......"
New reply 4 minutes ago - 66 comments - by surreyjack
 Video inside Little Girl Gets Jealous And Gets Played
New reply 30 minutes ago - 77 comments - by dloc757

Like BX on Facebook Follow BX on Twitter
5,697 fans of BX | none new today 4,655 following and 1 new today

hot topic blog   »    hip-hop   |   sports   |   movies   |   games   |   news   |   wild'ish   |   gear   |   rides   |   tech

contact us   |   mobile   |   privacy statement

© Boxden.com. 1998 - end of time.