Geithner’s New York Fed Told AIG to Limit Swaps DisclosureWhose interest does he serve? - Yours & mine, or Wall Street's???
Hugh Son Hugh Son
7 Jan. 2010
(Bloomberg) -- The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show.
I was really hoping that by 2010 I'd be feeling much more optimistic about the direction my country is taking. You know: W's cabal gone; Obama's "change we can believe in" manifesting itself.
Sigh.
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ReplyDeleteYou can still say "stop the madness" Russ because it still fits quite nicely given the conditions.
ReplyDeleteSigh.
more to the point, what does Geithner's blind obeisance to the Gods of the Street say about his Boss's attitude towards them, too?
ReplyDeleteMore and more I am refining my notion of what Prez. Shamwow really is, and more and more I think his presidency is a sop tossed to the disaffected, especially minority, communities whose compliance the Owners need somehow to assure in order to continue to extort their share of the crops, and to staunch the cynicism of too many disappointments.
"...a government of the bankers, by the bankers, and for the bankers..."
ReplyDeleteI've seen more and more writers using the phrase, "Stop the madness," but it keeps going on and on and on....
ReplyDelete