Wed 13 Jan 2010
Why Hasn’t Geithner Been Fired?
Posted by RichSlick under Rants
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I’ve been too outraged these past few weeks to write anything of substance on this blog so I’ve stuck to the more mundane topics lately. I just don’t understand why Geithner and Bernanke haven’t been fired already. It’s totally disgusting that this guy as Fed Head for NY sent e-mails to AIG telling them NOT to disclose anything to the public on the 100% payout to Goldman Sachs on the default swaps. !
Geithner was president of the New York Fed when it managed the bailout. The AIG deals might have cost taxpayers billions more than necessary because Geithner did not demand concessions from the banks, an earlier watchdog report said.
The committee has been investigating e-mails from New York Fed lawyers telling AIG not to disclose details about the deal. The e-mails were released last week by California Rep. Darrell Issa., the committee’s top Republican.
Why Bernanke hasn’t resigned and gone back to his academic textbooks is beyond me as well. Bernanke, you are a failed mI’anager PERIOD!
I’ve become so outraged that I may actually start giving money to Republican candidates this freaking election year. I’ve been willing to give Obama the benefit of the doubt here but that’s expired and I want to see results not excuses for God’s sake!
There is a new con game coming up to make the employment numbers look better called “hire millions of part time census workers” to make everything look better and I hope clueless sheep don’t fall for it (as usual) but things are so grim and bleak for so many of my colleagues that I doubt it will make any difference.
The proposed healthcare plan is nothing but pure garbage that will be ruled unconstitutional the moment it gets enacted. Seriously, what gives Congress the power to force me (or anyone else) to sign a contract with private enterprises for “insurance?” I brought this up with someone and they mentioned that I am required to have car insurance. Well true, but I don’t HAVE to own a car and my car insurance is reasonable considering the high level of competition. This shitcare plan doesn’t fix anything that’s wrong with health care!
Ugh…I’m so PO’d that I won’t be writing for a few days.