Jim (cont'd):    I really don't get invited to the parties in New York, because I slammed that guy, Swartzmann's, private equity firm, BX, when the stock was in the $20s... A big mistake socially... but I hope I saved you something. The stock's at $7 smackers...

Now I won't get invited to any of the parties in Washington either... because of this Geithner thing... Big deal. He should not have a senior position in this new administration...

If any of you guys in that firmament around Obama are listening, you've got to understand what's going on... how wrong you are. The New York Fed was responsible for regulating the banks gone wild. Geithner was in charge of that regulation... and now he's going to be rewarded with a cabinet post?...

In my view, the man should be facing a Senate investigation, not a Senate confirmation hearing...

And, just this week, Geithner appointed Michael Alex... the former chief risk officer at Bear Stearns... the most reckless, least-regulated, and most clueless about risk of all the investment banks... he appointed this guy to a top regulation job?... This guy should be called to testify about the collapse! Instead, Geithner gives him a sinacure?... It's preposterous! It's unbelievable!...

It's just unbelievable. I think Geithner is one of the key architects of what went wrong here, and he's probably going to be Obama's financial czar. No one connected to the current administration's economic policies should be allowed anywhere near the halls of power... And, if Geithner gets the top job at Treasury... which I think he will, because while I do not think he's good at his job, he gets two thumbs up for optics, and for dealing with the press...

That, alone, reaffirms my opinion that the market will be a very treacherous place for the next five years...

Oh, this guy will be cheered by the press, because he kisses their butts when he gets the job... I predict he'll be a total disaster, as he has been as New York Fed chairman...

If anyone connected to the incoming administration is listening, please... I'm begging you... Don't hire Tim Geithner. He's an academic, and all he's got going for him is that he's a democrat, for heaven's sake!

Should he get this job... forget about an "Outrage of the Day"... We're going to be talking about an outrage for the next four years. This makes me sick.