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Breaking: Tres Sec. Geithner caught in scandal

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:

http://www.huffingtonpost.com/2010/01/07/geithners-new-york-...

http://www.youtube.com/watch?v=gxRLcyPayMU

Our boy back in March looking into his crystal ball:
http://www.youtube.com/watch?v=MshgrVIJF28&feature=related
___

DIGG IT! http://tinyurl.com/yzs9wpl



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The Obama Geithner Connection;

http://en.wikipedia.org/wiki/Timothy_F._Geithner
[snip]
His father, Peter F. Geithner, was the director of the Asia program at the Ford Foundation in New York in the 1990s. During the early 1980s, Peter Geithner oversaw the Ford Foundation's microfinance programs in Indonesia being developed by Ann Dunham, President Barack Obama's mother, and they met in person at least once.

Tax scandal

At the Senate confirmation hearings, it was revealed that Geithner had not paid $35,000 in self-employment taxes for several years, even though he had acknowledged his obligation to do so,[end snip]

So, what do Tim Geithner and Mr. Obama have in common?

Well, it seems both are very good at hiding the truth !

How can a person who should have un-questionable honesty, be in control of the U.S. Treasury department?

"First they ignore you, then they acknowledge who or what you are, then they tar and feather you."
"Fat Burns" -1800's.

beesting

Obama is not naive....

But he did not know Geithner was this corrupt, he thought he could trust him.

Geithner is basically a criminal stain on society, and Obama is articulate while trusting too much in bankers.

Gee, if only it was someone else in that office...

Gee, if only it was someone else in that office, then we could be talking about how they helped their buddies profit instead. Lets completely ignore the fact that such a position with such usurped authority and power exists in the first place.

Yeah I know...

its not a big shock but we need to stoke the fire on this one and dont let him slip away with a slap on the wrist. This is as close to a sure thing we can get on getting rid of Geithner which puts more pressure for auditing the fed.

Digg it...forward it....write your congressman...tell your momma.

The majority of Obama supporters certainly don't

know about the FED, so this story is a great example to show them how the bankers screw us in "private".

agreed

It takes something like this to be covered by huff po and msnbc to smear it in liberal faces. We dont get these kind of opportunities everyday.

As Henry Higgins would say.......

Poor Tim Geithner...
How simply frightful....
How humiliating.....
......... How delightful!

Thomas Jefferson: “Indeed, I tremble for my country when I reflect that God is just, that His justice cannot sleep forever."

Viva La Revolucion!
http://www.youtube.com/watch?v=FmaTNf4YhEs

This qualifies for a RICO

bankster gangster, caught in the open.

But this gangster owns the police

Its absolute crap, chicago style mafia government

What Else Are These Guys Up To Behind closed Doors

I wish someone would introduce some sort of bill in Congress that would allow an audit or something.

Geithner-ankle-deep-in-aig-quicksand - 2010-01-08

Here is a continuation of this story:

http://www.marketwatch.com/story/geithner-ankle-deep-in-aig-...

Geithner has always been in it for himself, and his big banking buddies, and don't be surprized if Bernanke had a hand in this too. These banks, and AIG should have been allowed to go under, and should have taken their lumps. Now the American people are paying for their greed, and irresponsible behavior. I hope Geithner rots in a prison somewhere, along with all those involved in these bailouts. If Obama defends Geithner on this, I believe Obama should be charged with the same crime, treason is punishable by death in our country.

Geithner-ankle-deep-in-aig-quicksand - 2010-01-08

Here is a continuation of this story:

http://www.marketwatch.com/story/geithner-ankle-deep-in-aig-...

Geithner has always been in it for himself, and his big banking buddies, and don't be surprized if Bernanke had a hand in this too. These banks, and AIG should have been allowed to go under, and should have taken their lumps. Now the American people are paying for their greed, and irresponsible behavior. I hope Geithner rots in a prison somewhere, along with all those involved in these bailouts. If Obama defends Geithner on this, I believe Obama should be charged with the same crime, treason is punishable by death in our country.

That's how Banana Republics work!

(I wish we were in a defacto Constitutional one, then they might actually pay for their crimes.)

"Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the office of a thoroughly nasty business concern." ~~C.S. Lewis
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Geithner-ankle-deep-in-aig-quicksand - 2010-01-08

Here is a continuation of this story:

http://www.marketwatch.com/story/geithner-ankle-deep-in-aig-...

Geithner has always been in it for himself, and his big banking buddies, and don't be surprized if Bernanke had a hand in this too. These banks, and AIG should have been allowed to go under, and should have taken their lumps. Now the American people are paying for their greed, and irresponsible behavior. I hope Geithner rots in a prison somewhere, along with all those involved in these bailouts. If Obama defends Geithner on this, I believe Obama should be charged with the same crime, treason is punishable by death in our country.

I hate Geithner,

But he is just anther scapegoat, which tells me that a big shoe is about to drop.

I can't get enough of this.

I can't get enough of this.

Nice to see current physical evidence

of a conspiracy within the Federal Reserve.

Absolutely!

We are confident that this incident is not an accident-as per our investigation --PFR (aka Pray for Rain)

"Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the office of a thoroughly nasty business concern." ~~C.S. Lewis
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Absolutely

Makes me so mad when people want to talk about genocide, slow and painful, reduction of the population over the entire earth, biowarfare that is not allowed to be whispered by the governments around the world. It is really stupid to worry about something we are told to not notice, shut up about it, killing birds, bees, bats, trees, poisoning the water supply, food supplies. Idiots, wanting to save children and families from being infertile.

I mean who knew that Geithner would turn out to be a crook and he is right there in Obama's white house. OMG, we better get to the bottom of this right now.

Mass genocide, that isn't important when we have to get this one scumbag out of the White House so that we can return to our pristine condition.

Absolutely

Makes me so mad when people want to talk about genocide, slow and painful, reduction of the population over the entire earth, biowarfare that is not allowed to be whispered by the governments around the world. It is really stupid to worry about something we are told to not notice, shut up about it, killing birds, bees, bats, trees, poisoning the water supply, food supplies. Idiots, wanting to save children and families from being infertile.

I mean who knew that Geithner would turn out to be a crook and he is right there in Obama's white house. OMG, we better get to the bottom of this right now.

Mass genocide, that isn't important when we have to get this one scumbag out of the White House so that we can return to our pristine condition.

See the thread I posted last

See the thread I posted last night.
An Obama supporter Laments Over Geithner Issue.
http://www.dailypaul.com/node/120854

SteveMT's picture

Even Barney F wants an investigation.

NY Fed-AIG Bank Swap Flap Causing Trouble

Yesterday, I noted the Bloomberg story reporting that the New York Federal Reserve appears to have prevented AIG from fully disclosing the magnitude of its bailout that would go to pay bank swap counterparties. Washington has taken notice. The top Republican on the House Financial Services Committee, Spencer Bachus has sent a letter (.pdf) to committee chair Barney Frank demanding an inquiry. This scandal could have all sorts of repercussions in Washington.

First, here's part of what Bachus wrote, after outlining the concern:

For all these reasons, our Committee has a duty to convene a Full Committee hearing in order to determine the facts surrounding AIG's bailout. There is no more urgent business before the Committee and this hearing should be given the highest priority.

Given that the House is finished (for now) with financial regulation, I kind of agree with Bachus. And what might such an inquiry find out?*

First, and foremost, that the Fed hates transparency. Of course, that's no surprise to anyone who follows the central bank. But this might fuel the fire for Rep. Ron Paul's quest to reform the Fed. Republicans are -- rightly I think -- very angry that this kind of information was withheld from Congress when distributing taxpayer money to bailout a firm. I don't think it's particularly outlandish that Washington wants to understand how taxpayer dollars are spent. And, to me, it seems highly unethical to urge a firm to purposely withhold that information when they were planning on disclosing it -- which is what it appears the NY Fed did.

Note: Turns out Barney Frank also finds the situation "troubling" and supports a hearing. This should be fun to watch.

http://business.theatlantic.com/2010/01/ny_fed-aig_bank_swap...

I wrote my Congressman

I wrote my Congressman yesterday and demanded that that sorry sack of $h|t be thrown in jail.

I said that if I defrauded the Country and the taxpayers I would be called a criminal and a traitor by by Government. I demanded the same justice of that POS.

That article made me really upset.

Everyone needs to be writing.

Congress not allowed to ask the FED questions.

"We are living in a time of insanity!" - Rush Limbaugh

And never forget, “Humans, despite our artistic pretensions, our sophistication and many accomplishments, owe the fact of our existence to a six-inch layer of topsoil and the fact that it rains.”

Judge Napolitano

Was talking about this yesterday.

If I disappear from a discussion please forgive me. My 24-7 business requires me to split mid-sentence to serve them. I am not ducking out, I will be back later to catch up.

Looks like members of

Looks like members of Congress are calling for Geithner to testify to the committee on government reform. We have allies in that committee, Kucinich and Kaptur. Would be great to see them make him shake in his boots like they did to Ken Lewis, Bernanke and Paulson!

If they take

no action on this we need a huge protest and not a quiet one. I wish I though it would affect Obama too,but it won't unless (maybe) he doesn't ditch Geithner. I wonder I we will even get a decent investigation. We must do everything we can to demand one. How much are we going to take? I can't believe I had to hear this first on DP.

northstar's picture

White House already defending their little weasel

They're saying Geithner wasn't involved. Yeah right. Half truths are lies.

Real eyes realize real lies

We want our country back

Every year is a year for Ron Paul!

... another short

... another short article

Whoa. While I was typing that, there was an earthquake. If it was close, it was a small one. - Just land surfing in Silicon Valley.

Edit: I googled. It was right next to me, a 3.7. There was a 4.1 in the same area 13 hours ago. I didn't even notice it.

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

Jive !

A cool link for you ! I check it every morning!
Shaky City!
http://quake.usgs.gov/recenteqs/

If I disappear from a discussion please forgive me. My 24-7 business requires me to split mid-sentence to serve them. I am not ducking out, I will be back later to catch up.