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Psychic Profiles | 03/06/2009 11:00 am

Timothy Geithner's Psychic Profile, by Peggy Rometo

By The Staff at wowOwow.com
© Getty Images

Timothy Geithner has been in the hot seat since he beat out Lawrence Summers last fall as the Obama administration’s Treasury secretary pick. A critically acclaimed "boy wonder" who most recently headed up the New York Federal Reserve, he came under intense scrutiny last month after unveiling his long-awaited economic rescue plan. Stock indexes across the nation plummeted more than four percent after his speech, signaling Wall Street’s deep concern about the government’s ability to restore the health of the banking industry. The debate continued this week when Geithner testified before Congress on the Obama administration’s controversial 2010 budget. We asked wOw Intuitive Peggy Rometo what’s in store for the embattled Treasury secretary.

wOw: Does Tim Geithner know what he’s doing?

Peggy: Yes and no. Yes, in that he’s aware that he has the ability to lead this country out of a financial tailspin and has the resources to get the job done. No, in that he realizes he is going to have to create a new system in order to restore Americans’ faith in their government. His inability to articulate his plan last month came from anxiety, fear and frustration that he didn’t have enough time to prepare his remarks. Being forced to follow Obama’s smooth public performance heightened the void between him and his audience. That lack of connection created an uneasiness he wasn’t prepared for.

wOw: What does the future hold for him?

Peggy: He will be redeemed — by performing better and being more adequately prepared for his public role — if he is willing to let go of the stubborn attitude he personally needs to have all the answers. By gathering the innovators of our country, including its youth, he’ll be able to create a sound action plan in 12 - 18 months. If he concentrates on giving the public one small bit of substantive change in plain English — talking directly to the people, rather than down to them — they will feel he’s heading in the right direction. In early April, he will exhibit behavior that will make the markets rise.

wOw: Will he continue to be at the forefront of President Obama’s rescue plan?

Peggy: I do feel that Obama will remain with him — although the next time a major new policy is presented, he may want to deliver it himself. But he will want Geithner to have another shot at impressing the American people — to show them the skills and knowledge that helped him win the Treasury post in the first place.

wOw: Since Geithner was head of the New York Fed, does he feel responsible for New York’s problems?

Peggy: He does feel accountable, but he’s not going to commit political suicide by taking all the blame. All along, he was working with the information that was provided to him; when it came to regulation, he worked under a kind of "don’t ask, don’t tell" policy. I see it more as an initial lack of awareness than intentionally looking the other way. This experience has taught him the right kinds of safeguards to use in the future. But because crucial checks and balances didn’t happen in the first place, he can’t bear full responsibility for the collapse of New York’s major banks.

wOw: What does the Universe have to say?

Peggy: It’s important to continue to support this man and let him govern. We have to give him a chance to prove that he has the guts, brains and aptitude to solicit creative and resourceful ideas. His strong desire to make a difference is often interpreted as desperation to prove himself. I feel that perception will diminish if he works with others to enact change.

28 Reader Comments (so far…) Sign In or Register to comment

Kay Sara
Tell us more about the "fire in June" Geithner will be facing?  Personal or all of us?  Market plunging further or China refusing to buy our Treasuries?  Did Obama latch on to Geithner BECAUSE of Geithner’s foreign homes similar to Obama’s experience?  What role did geithner play in the Paulson 3 page plan & what connection did/does Geithner have with Citi?  Wasn’t Geithner on the Board at Citi- did that influence Giethner getting $$$ for Citi without any questions?  The questions that needed to be asked go on and on.  Come on reporters/ journalists- earn your name.
By Kay Sara on 03/09/2009 6:15 am
Al ias
Oh Kay, that is sweet - how can we expect the slobbering media to take on its messiah and disciples ?  there is not a true journalist in 5 states….you are right, follow the money and it will take you to the dens of iniquity.
By Al ias on 03/12/2009 9:43 pm
Yada Yada
has our horoscope been rempoved for some reason?
By Yada Yada on 03/09/2009 3:00 pm
Linda Myers

Peggy,

 

This was safe.

 

You have been given an opportunity at WOW, that many can only dream about. Take a step away from safe and jump off that cloud. You have no risk of falling, only your choosing to fly higher. Only wishing you the best flight!

 

Blessings

By Linda Myers on 03/10/2009 12:26 am
Robert Weber
Timothy Geitner needs Balls
By Robert Weber on 03/13/2009 5:47 pm
Robert Weber
Take the toxic assets out of the bank… Especially for seniors that are now underwater where they had been using their house as an ATM machine to raise the grandkids with "Stated Inome" and a 1% start percentage payment.  Let the FHA Direct Correspondents across the country reverse (without payments) anywhere from 50 to 90% of their payments using the Senior FHA Reverse and make payments from documented income for the 10 to 50% of the principal. There are hundreds of millions of seniors that accounted for about 20% of all loans originated from 2004-2007 and where their savings are almost diminished for payments and are a foreclosure waiting to happen. This would be called the SMRT  Senior Mortgage Resolution Trust. Payments would be made on the balance and in 4-6 years when the values go back up the Trust would be paid back 100% with interest. Show some LEADERSHIP NOW
By Robert Weber on 03/13/2009 5:55 pm
Rosemary Butt
I guess what we need most thru all of this turmoil is for the "IN A HURRY" american people to just CHILL, my god they have all been in these jobs for less thn 2 months, we are pitiful in our rush to solve everything, after all it took at least 8 years to reach this point, and probably since Reagan started the deregulations and each president added to the "LET UM HAVE AT IT" mind set.
By Rosemary Butt on 03/14/2009 5:58 pm