Tim Geithner Not to Be Confused with a Banker

[treon123456]

HE LL TAKE IT AS A COMPLIMENT.......HE LL TAKE YOUR VVALLET.....YOUR VVATCH......your daughter....your house.....your car....ya...hell take it as a compliment......HE LL TAKE EVERYTHING!! him and his fkn lovvlife parasite Jevvish banker, money changer freinds!!!!!

[doublejax]

Expanding the money supply during the recession is the right decision.

Regulating the mortgage industry to prevent foreclosures is the right decision.

Protecting people's savings by bailing-out the banks is the right decision.

(not a very popular decision but necessary to prevent cascading run-on the banks)

[BudnCandi]

Necessary for who exactly ? A vast majority of the accounts were insured by FDIC. Only people with over $100,000 dollars in the bank, at that time($250,000 now), were at risk. Well, them and the Big BANKS themselves. Regional banks were and are doing just fine. As for expanding the money supply, that leads to a devaulation of the currency & in response, a rise in prices. Prolonging the time for recovery. As for housing, artifically low interest rates made bad loans possible. The Fed is to blame.

[doublejax]

Hate to break-it to you... but:

The FDIC never really had the money available to cover everybodies' deposits if there were multiple bank failures on a national level. (there's also no easter bunny :-)

Therefore bailing-out the banks and increasing the money-supply were both necessary.

[BudnCandi]

Hate to break this to U: my family owns a bank here in Texas.... U don't have the slightest clue what U are talking about. FDIC would have been able to handle the accounts of the busted banks. Only a hand full of banks were in trouble. The powers that be, scared most of U people into bailing out RICH men that invested poorly. What's funny is that U think national banks are the life blood of America. Regional banks would have moved in & taken up the slack. But no, people like U fell for the scam.

[doublejax]

Lets get a few facts on table about you BudnCandi:

1- you support letting banks fails and wiping-out the savings of millions of americans

2- you are against low-interest rates

3- you are against outlawing adjustable-rates mortgages

4- and you just revealed that your family is invested in a regional lending institution

Sounds to me like you just want to eliminate your banking competitors so that you can jack-up interest rates on your borrowers.

What bank does your family own?

[BudnCandi]

1st, prove that letting bad banks fail will lead to millions of americans losing their savings. 2nd, yes, I am against artifically low interest rates. They lead to bad loans. Read history. 3rd, Where in the hell did I say I was for ARM's? Do you know how ARM's came into being ? Government regulation/intervention lead to ARM's. Check out the facts around Fannie & Freddie, U'll see I'm right. 4th, I want the market to set rates to encourage SAVINGS & discourage bad investment. Schertz Bank & Trust

[BudnCandi]

Now answer me this.... how does one pay off a debt with more debt ? Then once the orginal debt is paid.... how do pay the new debt incured ? If you can answer that, perhaps you can change my mind on the whole subject.

[doublejax]

I don't think you fully realize how close we all came to multiple cascading bank failures.

If it wasn't for government intervention, this could have easily been 1931 all over again.

[BudnCandi]

I don't think U know what U are talking about. 51 banks have closed their doors since the bailout was passed, Sept2008-present. Pre-bailout, only 15 bank closures from Jan.2007-Sept.2008. If you were to include all the bank closures from Jan 2002-Sept 2008, only 38 total banks failed. I argue that the increase of the money supply, thru debt spending(stimulus), has devauled the currency that has lead to inflation of prices. Making the rates go up & making the payment higher than the value.Debt.

[treon123456]

@double jax....people think threres gold in Ft.Knox too....VVTF!!!?noy one fkn bar!!!!!

[jane5457]

Shit man we are in TROUBLE and imean TROUBLE. the more I hear of this TAX CHEAT...the more I realise this IDIOT WAS THE BEST OF THE BEST THE PRES COULD GET? hold on suckers we are in for a RIDE and its going to get UGLY.

[ubermensche26]

You guys, I can only say that you should see the shit that the NSA patriots are feeding to Michael Moore. Hank Paulson is going to be a fucking fugitive. Wait for justice.

[TedinLasVegas]

He's never been in the private sector?

No wonder he's clueless!

[dlucas90]

One who uses language in order to destroy communication is called a LIER.

One who uses money in order to destroy value is called a BANKER.

[JayGottiII]

take it as a compliment...?

thats like some1 giving u a turd and ur taking it as chocolate truffle...

[hellshade2]

you can't even confuse geitner with a treasury secretary, he needs to be fired.....

[christianatheist523]

owned...

[MooseOfReason]

Actually, a career at the Federal Reserve is a public disservice.

[WKaliberr]

I wish I was not a virgin

[JayGottiII]

lol...how random is thats statement...

[WKaliberr]

Alex Jones is a paleoconservative radio show host. He's a retard and a conspiracy theorist.

[Dynamik5]

Is that what we're calling men with a set of balls these days? May not agree with Jones on every issue but wtf are you doing to promote your own beliefs? Insulting people online? Great job!

[whoo689]

Tim Geithner's never been in banking?? Yet he's telling them how to do things and acts like he KNOWS the one true way to recover? Please! What a joke. He's never even been in the industry he's managing, AND he's a tax cheat. What next?

[HeathrowSurveillance]

Well the bankers are the one's who got us into this mess so I'm sure as hell glad they're not letting one try and get us out...

[paulkielsmithdotcom]

wtf!!! this fuckin demon was the president of the private "Federal" Reserve in NY! THATS A FUCKIN BANK! Notice at 0:26 under his breath he says,"and at the 'Federal' Reserve". FUCK THIS GUY AND FUCK THE PRIVATE "FEDERAL" RESERVE! The Fed is the reason why we will never get out of debt bc every dollar is BORROWED from this private bank and WE have to pay interest on that loan in the form of income tax. Its the biggest Ponzi (or Madoff) scheme in the history of fraud. END THE FED!

[sugarpuddin88]

Take money from the competent & give to incompetent?

Daschle, Killefer, & Geithner tax-cheats!; Berney Madoff fraud; Barney Frank was arrested for running a male prostitution ring from his own house when he was supposed to have oversight of Freddie Mack; Sen Dodd for mortgage fraud; US Trade Rep Ron Kirk a tax cheat; etc

Tax-exempt foundations are used to conceal and protect wealth from taxes, and to reward corrupt politicians who "went along."

Is it now time American citizens break the law?

[checkurself]

if it looks like a duck, walks like a duck...it must be a duck!

[alex3914]

Tim Geithner calls being the head of the Federal reserve bank in New York public service?

What a liar...the federal reserve is private.

[Stevenhiggles]

He's a joke just like Obama.

[Alderon714]

It's actually at 0:26 you have to listen a couple of times cause the AFL-CIO dude is blabbing over top of him.

Great catch PaulKielSmithDotCom

[paulkielsmithdotcom]

Geitner is a scam

[dogstar7]

News Flash to Responders Above:

Ron Paul is still not POTUS.

Sorry, you guys don't get things your way.

The guy who won does.

[flang]

Shouldn't you all be worrying about the NWO.

[702decatur]

lmao NWO.. And what do you think people should do to prepare for this? Stock up guns and amo like Waco? NWO is just another stupid conspiracy theory no actual proof of this.

[zndprophet]

I am. Everyday I clean my shotgun so that when the time comes, I can aim it at the tanks and fighter jets that the federal reserve army will have.

[Nihawmah]

you are over-reacting.

It's almost embarassing to listen to you.

[intarwebzz]

a shotgun? oh man, you are effed. people get all riled up about owning guns, but what good do you think even the most radical ted nugent assault rifle do against a tank or an ICBM? anyway, if you think The Man will have to resort to using the military against the glenn beck revolution, you're giving it far, far too much credit. I was on board with the Ron Paul "Let's Make Sense" thing, but I can see that's not where we're headed. I guess I prefer the status quo to hunting and gathering.

[zndprophet]

Lol. I don't believe in the NWO. I was trying to be sarcastic.

I can't blame you though, what I wrote is no more ridiculous than what the people who are serious write.

Im a liberal who supports Obama, I think the NWO is complete bullshit, and I think progress is more practical than revolution. Thats the real me.

[intarwebzz]

haha, your sarcasm was too realistic!

[Mychaels]

To add another point. Every time these gun righters come on line and talk about their so called revolution they:

1 Provide the government with their IP address.

2 With that info big brother knows their name address and where they work and lets not forget all of their relatives.

3 As soon as the Government knows when they will attack. Ron Paul will dissappear.

4 Obama will be in a nice safe bunker under the white house or at NORAD. To make it simple. These guys are fucking morons.

[robinvan1983]

NWO? lol let me guess ..." I've seen it on youtube so it must be true!"

That NWO sure is taking its time... It is since the 1900's that this conspiracy was started and they still haven't done anything... Even the founding members of this bullshit is long dead... yeah.... talk about lifetime fail

[flang]

I was making fun of everybody posting comments on here about the Fed,

[zndprophet]

lol, so was I! but you fooled me....and I fooled some people as well..

I guess thats because the people who post stuff like that and are genuine about it, are themselves, fools.

Fool me once, shame on you...fool me twice....shame on you?

[corbono35]

yea  Geithner needs to go..he failed in japan and he will fail again

[bboris92]

I agree...debt increases as the amount of money in circulation increases. Therefore, debt equals wealth.

[ironclad452]

Good catch, alby711 !

I didn't catch that comment the first time around.

This guy is a snake.

[dogstar7]

Tin-Foil Paulites! LOL!

You guy's crack me up!

[volumedealer1]

Great man for the job...[/sarcasm]