Tim Geitner Refuses to Answer Questions about Derivatives Ma

Started by scorpio, August 10, 2009, 10:35:21 PM

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scorpio


CrackSmokeRepublican

Yeah he's a real lying weasel. He learned his J-Tribe Banking skills in Asia as a Lying IMF'er for the Criminal Jews on Wallstreet.  

Typical smarmy Idiot NY J-Tribe Chosen -- especially when he is dropping those "F-Bombs" to show that the Little Timmy is to be feared! They are...at the end of the day... going down.  :)

http://www.bloomberg.com/apps/news?pid= ... 3ksYQWugRQ


QuoteGeithner's F-Bombs Don't Scratch Goldman Sachs: David Reilly

Aug. 7 (Bloomberg) -- Political drama over how to regulate the financial industry, replete with an f-bomb-filled rant from Treasury Secretary Timothy Geithner, has obscured a huge unresolved issue: what to do about too-big-to-fail financial institutions.

Not only has the government failed to figure out how to treat these companies during a crisis, it can't decide how to handle them during normal times. Should these firms keep their current shape, be broken up, or put on a tight leash and turned into financial utilities?

Instead of receiving answers, investors are watching political turf battles. That led to a Wall Street Journal story about Geithner's expletive-filled blast during a meeting last week with financial regulators such as Federal Reserve Chairman Ben Bernanke, Federal Deposit Insurance Corp. Chairman Sheila Bair and Securities and Exchange Commission Chairman Mary Schapiro.
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan