Hilarious Daily Show Clip Reveals Geithner's Real Estate Prowess

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Tim Geithner Can't Sell His House...And He's Underwater To Boot

CNN reports that Treasury Secretary Tim Geithner is having trouble unloading the McMansion he purchased in 2004...close to the top of the housing bubble.

Shocking on multiple counts, huh?

Geithner purchased the home for $1.601 million...after there were no takers for $1.575 million, he decided to rent the joint for $7,500/month. Without breaking out a spreadsheet, I'll go out on a limb and say that baby is not quite cash flowing for Timmy.

Here was my favorite quote from the article:

"When the house first went on sale it was very evident that he was not going to get what he paid for it," said Scott Stiefvater of Stiefvater Real Estate in Pelham, N.Y. "He was [bound] to lose some money."

Please permit me to remind you, this is the financial genius controlling the fate of the US dollar.

More Geithner follies: Chinese students laugh him out of town...and a good SNL spoof too!

Chinese Students Laugh Geithner Out of Town

US Treasury Secretary Tim Geithner visited Beijing on Monday…with a straight face, he reassured the Chinese government that its large holding of dollar assets are safe.

Then, still deadpanning, Geithner reaffirmed his faith in a strong US currency.

That broke the ice, as his student audience burst our into large laughter.

See if you can read Tim's schtick with a straight face:

"We have the deepest and most liquid markets for risk-free assets in the world. We're committed to bring our fiscal deficits down over time to a sustainable level.

"We believe in a strong dollar ... and we're going to make sure that we repair and reform the financial system so that we sustain confidence," he said.

Read the full piece at GATA.org...

Here's another great Geithner gem - a good old fashioned Saturday Night Live spoof: