Jonathan Hoenig, managing member of hedge fund Capitalistpig and author of Greed is Good: The Capitalist Pig Guide to Investing, said he believes Geithner's appointment is bad news because Geithner has "made intervention into the markets part of the regular course of business."That's why Obama picked him to intervene in markets.One can only guess who else is going to rob Peter to pay Paul under the "leadership" of Timothy Geithner.Geithner is part of a long tradition on Wall Street who hate free markets.
"He will do more harm than good," Hoenig said.
Saturday, November 22, 2008
Timothy Geithner- Enemy of the Free Market
The Chicago Sun-Times reports on anti-marketist Timothy Geithner: