Breaking: Tres Sec. Geithner caught in scandalSubmitted by kentukblue on Fri, 01/08/2010 - 14:06
I cant believe that we are not talking more about this.
Just out Today. Ka-boom!..Obamas golden boy, Geithner on the way out.
Basically, emails were found where now Treasury Secretary Timothy Geithner told AIG (the holder of a ton of toxic credit default swap assets that burst the housing bubble) to hide how it was unloading (selling off) those toxic assets. So, in effect, AIG sold off these assets at full price, received a bailout and all was guided by Geithner, then head of the New York Fed.
The left is covering this as a need for more regulation but its plain to see that government working hand in hand with corporations is a horrible thing:
Our boy back in March looking into his crystal ball:
DIGG IT! http://tinyurl.com/yzs9wpl