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Investigation Reveals Geithner Should Be in Prison
We talked about the economy today, and whether Treasury Secretary
To give you the thumbnail sketch, a court-appointed bank examiner = spent a=20 year researching the fall of Lehman =E2=80=94 the trigger for the = bailout crisis. As it=20 turns out, surprise surprise, the accounting at Lehman was, to put it = mildly,=20 shifty=E2=80=A6 and our guests aren=E2=80=99t the only ones asking what = did Geithner know and=20 when did he know it?
Yves Smith at
Mike Whitney over at
If Geithner and Bernanke didn=E2=80=99t know what was going on at = Lehman, that=E2=80=99s bad.=20 If they knew, that=E2=80=99s worse. One way, you=E2=80=99ve got to = wonder why they=E2=80=99re still in=20 work. The alternative is that it was all part of some bigger, nastier = scam,=20 which transferred huge amounts of wealth from taxpayers back to the very = banks=20 that created the crisis.
They shouldn=E2=80=99t just be out of work, quite possibly, Geithner =
or Bernanke (or=20
both) should be in the clink. We learned long ago that this President =
can cut=20
bait when he thinks it=E2=80=99s called for. Candidate, then president =
Obama has broken=20
with his preacher, his green jobs guru, his social secretary. The last, =
If she can get the boot for letting strangers into a feast, surely = Bernanke=20 and Geithner should get at least that for covering up for the banks who = ate up=20 our whole economy? Or does Obama only get tough with homies?
The F Word is a regular commentary by Laura =
Flanders,=20
the host of GRITtv which broadcasts weekdays on satellite TV (Dish =
Network Ch.=20
9415 Free Speech TV) on cable, and online at
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No one will be held accountable. Our politicians let Nixon go, and = ever=20 since, (and I am sure from the creation of the USA), people in power = and/or=20 with money NEVER are held accountable.
Sure you have a =E2=80=9Cscape-goat=E2=80=9D like Madoff once in a = while, but that=E2=80=99s one in=20 how many?
It makes me sick when I see American politicians talk about the = =E2=80=9Crights=E2=80=9D of=20 people in other countries and how important that is.
Well I would rather know flat-out, front and center that my = government is=20 watching me, taking my money, etc, instead of all the charades that = this=20 fake-democracy we have in the USA.
It=E2=80=99s better to know that to not.=20
I suggest that Maddof is not a sacrificial lamb so much as he is=20 unfortunate enough to have crapped on a great many of his very rich = and=20 therefor influential tribal members, who are never so rabid as when = they turn=20 on each other. Many of these rich and influential jews were seriously = injured=20 by Bernie Maddoff=E2=80=99s scheme and they called in their favors and = phhhhhtt!=20 Bernie is gone.
Can we expect the same results with Goldman Sachs? Get real!=20
He is and all his cohorts are rich enough to pull a K. Lay. pay off = some=20 coroner to say you died have Xe (blackwater) find some unlucky person = who=20 matches their height and weight then cremate they while they disappear = to some=20 exotic area and live like kings.
This is why confiscation of all those guilty families assets is so=20 important. So what if the elite have to learn how to dumpster dive and = sleep=20 in cardboard boxes. So what if their children didn=E2=80=99t actually = have anything to=20 do with the crimes that were committed decades ago by their great = grandfather.=20 If these children received a higher educations, well then lobotomies = are in=20 order. Fruit of a poisoned tree, right. If our elections can be = predetermined,=20 by an electronic voting machine then those people and their families = should=20 get a similar fate. Our children are going to suffer because of their=20 psychotic,sociopathic behavior. Who=E2=80=99s crazier, them for doing = it or us for not=20 prosecuting them.=20
Yes, where is the OUTRAGE! It must be in the same place as OUR = NATIONAL=20 PRIDE.=20
it kind of like saying someone was too busy faking reasons to go = into Iraq=20 to pay attention to 9/11 warnings vs intentionally ignoring the 9/11 = warnings.=20 Or Saying there are WMD=E2=80=99s in Iraq and we know where they are = based on=20 misleading reports from Iraqi and Iranians or saying it knowing it = isn=E2=80=99t true.=20 or saying a day may live in infamy after spending a year trying to = provoke an=20 attack or actually ignoring an attack you know is coming=E2=80=A6it is = funny how=20 business mirrors the rest of our actions=E2=80=A6the symbolism in = hitting the world=20 trade center and the pentagon(or white house) they certainly seemed = for some=20 reason to sense it was also a target.=20
Yes he should be in jail, along with George W. Bush, Dick Cheney, = and the=20 rest of that mob. And then executed.=20
In their confirmation hearings, both Geithner and Bernanke were =
questioned=20
at length about their knowledge of the meltdown(Lehman, etal) prior to =
it=20
taking place. Both denied any more than hearsay knowledge, even though =
the Fed=20
had oversight of those very transactions.
In 2005, Bernanke stated =
that the=20
mortgage =E2=80=9Cproblem=E2=80=9D would have a cost of no more than =
$50B and that would be a=20
worst case scenario. In the meantime, he increased Fed =E2=80=9Cfloat =
money=E2=80=9D from=20
$800B to $2.7T during
2008.=20
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Does no one care if Geithner is guilty? Where is the outrage from = those who=20 were royally screwed? Is the Justice Department on vacation? Why = isn=E2=80=99t=20 Bernanke and Greenspan before a federal grand jury explaining how they = can be=20 viewed by the entire financial world as the topmost qualified masters = of=20 financial manipulations, and yet they didn=E2=80=99t see the = inevitable crash of the=20 system. How is that remotely possible? How naive would a jury have to = be to=20 accept that they didn=E2=80=99t know?
I would especially like to hear Greenspan=E2=80=99s explanation of = =E2=80=9Cirrational=20 exuberance=E2=80=9D to see if it might encompass fraud, cheating, or = fake financial=20 =E2=80=9Cinstruments=E2=80=9D.
Where is the Justice Department? Where=E2=80=99s our justice, = period??=20
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2010-03-16=20 14:56:38