Fox in the henhouse at US Treasury Dept?

Mortgage and Lending with Crescent Bank & Trust

There are a lot of gray areas in life, especially in sales. Our new Treasury Secretary's smugness toward compliance with the tax code administered by the agency which he will now oversee has no shades of gray. It's crystal clear. I'll use myself as an analogy because "fox in the henhouse" isn't quite accurate. As a banker (especially as a lender), I'm expected and obligated to properly manage my personal finances.  If I stop paying my bills, start bouncing checks, my home is advertised for foreclosure, etc, the time will come very swiftly that Crescent Bank will no longer require my services. Not only would that situation represent an issue of character & integrity, it would be a matter of corporate security, as I would at that point clearly and unequivocally represent a security risk to Crescent Bank. Subsequently, it would be highly unlikely that I'd be recruited to chair the Credit Quality committee for the GA Banker's Association. The same applies to high-ranking military officers, members of the State Dept and to anyone whose duties require a security clearance. Yet, the Obama administration has not applied that straightforward yardstick to Geithner. Maybe this opens the door for Bill Clinton to be appointed to chair a special committee on fighting sexual harrassment in the workplace. . .

Posted by

North Metro Atlanta community banker, Woodstock, GA

Comments (2)

Robin Turner
Happy House Real Estate - Cocoa Beach, FL
Robin Turner

This is going to be quite common in the next few years. First the attempt to sell Obama's Senate seat, now this.

Next we have billions of TARP tax dollars going to pay off political favors. No acountabilty for how it has been spent or how the next round will be spent. Look at Barney Frank giving big dollars to Mass. banks outside of the guidelines.

Congressmen are already burying the CBO reports on this boondoggle. None of this is being reported in the mass media, but it's on the front page of the Wall Street Journal daily.

This will be an interesting ride....

Jan 27, 2009 01:55 AM
Kathy Fisher Sells Lexington TN homes! 731.845.3413
Five Star Real Estate Services - Lexington, TN

I believe that the bare minimum in any job is conduct yourself in manner you and your company expect of others.  Not the "Do as I say, not as I do" mentality that is being exhibited here.

All the Best!


Jan 27, 2009 02:34 AM