Topic: Geithner Is A Criminal! So How Is It He COULD Face Criminal | |
---|---|
CRIMINALS:
okay, its time to name some names. Let's start with Timothy Geithner. This is how the government and the bankers are stealing your tax dollars. Bail outs and frauds. Not a believer in the corruption in government and bankers??? Watch this FOX news report: http://www.youtube.com/watch?v=QXO5bElqnqg This week's leading criminal in charge of cover up for the bankers. Appointed by President Obama. |
|
|
|
|
|
Citizens against corruption:
The bailout that started as the $700 billion Troubled Asset Relief Program has risen to more than $13 trillion thanks in part to the corrupt relationship between big banks, AIG, and Secretary of the Treasury Tim Geithner. Operation print $ for the "too big to do anything but fail", is one of Tims contributions to the american people as a public servant. After Barack Obama made promises of change, proclaiming to be a friend of Main Street and a foe of Wall Street, the president appointed Timothy Geithner to the most powerful financial position in the administration. Tim is a protege of Goldman Sachs alum Robert Rubin, whom he worked under when Rubin was Treasury Secretary under Bill Clinton. Geithner was mentored by another Goldman Sachs alum John Thain, who was CEO of Merrill Lynch when it was bought by Bank of America, then John was fired by B of A when he demanded a $30 million bonus at the end of 2008. Tim appointed Mark Patterson, a former Goldman Sachs lobbyist, as Chief of Staff of the Treasury.2 As President of the Federal Reserve Bank of New York from 2003 to 2008 Geithner developed many cozy relationships with Wall Street and beltway insiders. The same executives who orchestrated the bank depression are the ones who were holding hands with political leaders of the Clinton, Bush, and currently with the Obama administrations. http://youreportcorruption.com/government/86-youreportcorruptioncoms-most-corrupt-person-of-2010-runner-up-timothy-franz-geithner |
|
|
|
With the authority of his position, Tim had an opportunity to engineer positive reform to a broken financial system, and promote growth and economic improvement to everyone. He could have stopped the massive bailouts to prop up specific banks and AIG, and use these funds to support struggling homeowners and defaulting borrowers. He could have directed $ to banks that were willing to renegotiate a better mortgage, versus bank foreclosure. He refused to separate commercial banking from investment banking, which is what the Glass Steagall Act once did before it was killed in 1999. He also did not allow insolvent banks to go bankrupt, but allowed everyone else to go bankrupt. Tim didn't make any of these moves, instead he used the power of his office for the personal gain of a few friends on Wall Street. The $13 trillion given to the "too big to fail" has never made its way down to the public. None of Geithners actions have benefitted people over banks.
The latest financial delusional spin of Geithner and the Obama administration is the Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law on July 21, 2010. Tim and company would like us to believe this legislation "represents the most sweeping set of financial reforms since those that followed the Great Depression." The stated aim of the legislation is: To promote the financial stability of the United States by improving accountability and transparency in the financial system, to end "too big to fail", to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial service practices, and for other purposes.3 After $13 trillion of bailout, this bill is to little to late! Goldman Sachs had a net income of $ eight billion in 2010; therefore, they have no more need for any more bailout, at the moment. The Fed continues to function in secrecy and their power was expanded in the bill. "The bill does nothing to change the power and influence of the top six banks that hold 60 percent of our deposits and were consolidated during the fall of 2008 with the blessing of the Federal Reserve and the Treasury Department".4 The $ in this country remains controlled by a small corrupt group of trade oriented institutions that can hold consumer deposits and retain federal support, and are too big to not eventually fail again. |
|
|
|
Obama also appointed Larry Summers as the head of his economic team.
While he was Clinton's Secretary of Treasury and there was a push to regulate derivatives, he convinced the administration to stop and force out Brooksley Born who was the chair of the CFTC.. |
|
|
|
There are so many criminals I can't focus on them all. I have to take one at a time.
I'm only one insignificant person. |
|
|
|
More about Timothy Geithner.
Presidents are not elected, they are appointed. Of course they are.... The United States of America is a corporation, not a country. Realist news: jsnip4 http://www.youtube.com/watch?v=Hgu21j_D0mY&feature=em-uploademail |
|
|
|
|
|
|
|
Edited by
Optomistic69
on
Thu 08/02/12 02:37 PM
|
|
I should Be In Jail But I am Too Big To Fail
|
|
|
|
His excuse for covering up the crimes of the Central bankers is that he did it to save our American economy.
We, the tax payers are now paying for yet another bailed out company that the banksters clearly scammed for billions! http://www.youtube.com/watch?v=Hgu21j_D0mY&feature=plcp |
|
|