The AIG bailout did help Goldman Sachs but the big beneficiary was Europe. Search: "The AIG bailout was about Europe - Reuters" also for a history of Geithner bailing out Goldman Sachs Search "Geithner and Goldman, Thick as Thieves"
Hardly a life spent in "Ivory Towers" Warren Attended: The George Washington University, the University of Houston, and received a J.D. from Rutgers School of Law–Newark Taught at: the Rutgers School of Law–Newark (1977–78), the University of Houston Law Center (1978–83), the University of Michigan (visiting, 1985), the University of Texas School of Law (1981–87) the University of Pennsylvania Law School in 1987, Harvard Law School in 1992
We have exterminated the property owners in Russia.We are going to do the same thing in Europe and America
The Jew,December 1925,Zinobit
World revolution which we will experience will be exclusively our affair and will rest in our hands.This revolution will tighten the Jewish domination over all other people
Le Peuple Juif, February 8,1919
Welcome to JEW WORLD ORDER,they own FR,it's private
Bible,Revelation 2:9,,3:9 jews=Synagogue of satan
Read this book for free on internet WHO IS ESAU-EDOM
@SEVENTHUNDERFUL check this out: "[Elizabeth Warren] has been criticizing Scott Brown for being 'Wall Street’s favorite Senator'...but she hauled in an eye-popping $5.7 million the last three months of 2011 — refused to swear off Wall Street money [Wednesday], instead claiming that any money she gets from deep-pocketed financiers is coming from those who 'want reform.' "
This is just typical democratic politics. Warren is part of the problem. She was in on the TARP giveaway and the funding of the elite bankers from the beginning. She's an Obama crony and a typical shrill leftist who believes you can never give enough money to the government. She always willing to take your money and cite your obligations to the central government. I'd like to see her tax records and her giving however.
"[Elizabeth Warren] has been criticizing Scott Brown for being 'Wall Street’s favorite Senator'...but she hauled in an eye-popping $5.7 million the last three months of 2011 — refused to swear off Wall Street money [Wednesday], instead claiming that any money she gets from deep-pocketed financiers is coming from those who 'want reform.' "
This is just typical democratic politics. Warren is part of the problem. She was in on the TARP giveaway and the funding of the elite bankers from the beginning. She's an Obama crony and a typical shrill leftist who believes you can never give enough money to the government. She always willing to take your money and cite your obligations to the central government. I'd like to see her tax records and her giving however.
@SevenThunderful shes an obama insider which is why obama wouldnt put her in his administration right? Go fuck yourself, you should be ashamed spreading lies about a great woman liKe EW.
@qualityrkc Correct. She was appointed by Obummer remember? That makes her part of this failed administration. Just because there was another insider with more brownie points to give, who got the final appointment doesn't change her spots. Fortunately for her MA voters are still completely mesmerized by insane leftist philosophies, no matter how bad it gets in their state.
@SevenThunderful She was given no power by the obama administration. It was a political move to try and convince people he is liberal. Since then he has shown his true colors.Maybe you should lookup EW's opinions of Obama bc to say she is an obama insider is to be ignorant. Look, you can side with Karl Rove at your own peril but don't try and act high and mighty. EW is a good person and an expert on economics. Karl Rove is an expert at destroying the country and being evil.
@qualityrkc Didn't you just curse at me some 24 hours ago? OK lets calm down the emotions and you tell me why she is so wonderful in less than 400 characters. I frankly have very little trust for the utopian dreamers that come out of ivory towers like Harvard. Nevertheless I'm willing to hear your arguments.
@SevenThunderful Bc she cares about your rights even if you don't care for her. I love her for the same reason the Obama administration kept her at 2 arms length. I love her for the same reason karl rove and the koch bros hate her and use their super pacs to deface her rather unsuccessfully. I'll let you figure it out for yourself...type into google "why is elizabeth warren awesome?"
@qualityrkc Typed it in and saw her speech about how we need to make it even harder for businesses to function in America because they are not doing their fair share. Then she proceeded to blame the deficit on all the wrong issues. She failed to mention that her own party, via Barney Frank blocked all attempts at banking reform and that Obama increased the deficit by more than the sum total of all prior presidents. Maybe she means well, but her assumptions are flawed.
@SevenThunderful Bear Stearns, Merril Lynch, Lehman Brothers, Goldman Sachs, and Morgan Stanley. These five institutions reported over $4.1 trillion in debt for fiscal year 2007, a figure roughly 30% the size of the U.S. economy. In 2011, the Federal Reserve, using statistical comparisons of geographic regions which were and were not subject to GSE regulations finds that GSEs played no significant role in the subprime crisis. Do you trust fox news?
@SevenThunderful Can you also tell me what role in the collapse private banking institutions played? Bc from your comment it appears that you believe they played no role.
@qualityrkc The private institutions did what any morally bankrupt institution would do, they sucked as much money as they could out of the situation. However it was all enabled by the democratic corruption machine, which is run by certain bankers in the city of London inc., but that's another story. Here is a synopsis of how the dem.s blocked all reform.
Do search on "Democrats were WARNED of Financial crisis"
The bigger the monopoly the more corrupt. Govt. is the biggest of them all.
US congresswoman Cynthia McKinney has come out and blamed the pro-Israel Lobby in America (AIPAC, ADL, ZOA, etc) for ruining her political career. While in congress she refused to sign the pro-Israel pledge and took a pro-Palestinian stance. Because of this, McKinney said “war was declared” on her by the Jewish lobby. In 2009 she told TIU's Ognir that “more than 99% of Congress work for Pro Zionist Israeli interests.”
Don't worry, Tim. We all know you are a zionist operative terrorist who despises the american people....but there is always a job waiting for you in the Obama organization.
@willyicious Don't give up hope. We still have a democracy, albeit an imperfect one. The fact that EW has continued to gather steam, surged ahead of Brown in the polls, and attracted thousands of campaign volunteers, in spite of Rove's multimillion-dollar sleazeball ad campaign, means that there is still a place for us, the people, in the process. Stand up and be counted!
The Fed is a Jesuit creation. The Titanic disaster is related to it as 911 is related to the bogus war on terror and the catastrophic bank bailout and economic disaster. reg6(dot)com. All Jesuit orchestrated. Research it.
The mass media mostly has no true journalists, except Rachel Maddow. And the Wall Street occupiers should indeed have their beef with Wash D.C. So, how to best get the corporations and lawmakers out of bed with each other? A quiet revolution; electing the best people. An army of ants must move this mountain. And we can do it, with candidates like Elizabeth Warren. The internet's one-to-one communication versus the spin of the mass media allows reading, writing and thinking. There's hope.
She left her mark when establishing the financial regulatory entity and seems just the type to break the lawmaker indebted-to-the party mold you describe. Maybe the DNC is helping her unseat Scott Brown, but she is indeed her own person. Let's give her all the support possible. Grass roots funding is an option, when there's enough of a ground swell. And let me add...the more women lawmakers, the better! We are, after all, the majority.
@cordelia312 okay but personally i like scott brown, not because he's a man, but because he will better support conservative principles that will bring our economy and jobs back
@cloudshe...I agree with your point about a candidate being indebted to the party funding their campaign; with the exception of Elizabeth Warren. Our hope is for independent candidates..billionaires with a conscience or fearless social servants like Ralph Nader. I see the economy getting strong via a quiet revolution, w/laws changing. I can't think of a conservative principle that will bring jobs back. Regulating and prosecuting corporate thieves resonates with me.
@cordelia312 thieves? people that break the law can and will be sent to jail. pretty much anyone with any sense will strive to maximize their income while staying within the law. if you're a big company you must stay with your competition by taking advantage of every break, every workable idea, which is one reason why consumers save so much money on nearly every item. OWS should have burned DC, not Wall Street. and you have no beef with the media for playing so dumb?
@Seasass hey, that stuff is just a given. and anyone in congress that believes that wall street should operate on charity and morality is too stupid to be there :):)
@cloudshe That was a complete nonsequitur. Of course nobody believes they operate on charity and morality. That's why we need to pass some legislation to make them behave better than they currently want to. I was thinking, for instance, of making it illegal for an investment bank to be pushing a deal on someone while at the same time shorting it.
@Seasass nobody believes? then what the heck was that OWS stuff about? when i worked in the gasoline business i remember how threatened upper management was about going to jail over abuses perceived by the government. now we have frauds like corizine who state "i don't know where the money went" and get off? newsflash: you don't have to have an actual body to be convicted of murder. maybe WS just needs tougher enforcers
@cloudshe Do you really think that OWS was about freeing bankers to be the truly charitable and moral creatures they are meant to be deep down? Of course not. It was a mass protest against the greed and venality demonstrated by many of them, and a call for legislation and oversight that will make it much more difficult to do the same things in the future. As for "maybe WS just needs tougher enforcers"--at last you and I can agree wholeheartedly on something.
@Seasass yes we agree, i just don't know why they thought manhattan was the venue when our problems lie in DC. maybe the dope is easier to come by there ;)
@cloudshe Well, clearly the problems have been in both places and in the cozy relationship between them, which is why there's on Occupy the Capitol movement, too. Elizabeth Warren wouldn't even be running for Senate had Wall Street lobbyists not influenced legislators to block her appointment to head the CFPB (talk about "tougher enforcers" :)). And Robert Rubin, former CEO of Goldman, was one of the people who silenced CFTC's Brooksley Born when she wanted to regulate derivatives.
@cloudshe This is a democracy, dear, and we have a system of checks and balances. Go read the Constitution before we carry on with this part of the debate.
@Seasass you may have a point there sweetheart, however, if obama had seriously wanted the appointment he could have made trouble for anyone blocking the appointment for crooked reasons. at present the prez doesn't seemed to be engaged with anything anymore except his reelection, OWS ought to be camping out on the south lawn imo
@cloudshe and is the opposition engaged with anything more than trying to prevent prez's re-election? Take heart, darlin' -- once he gets the second term he'll be a little bolder for you :)
@cordelia312 re: conservative principals: less taxes, less nanny state cradle to grave subsidization, less illegal immigration filling our prisons & artificially lowering wages while increasing social costs, less sky-is-falling regulating of every aspect of our economy, less moving the goalposts on regulatory standards...are these NOT job creating, economy fixing principles?
I guess nobody wants more government or to be labeled a socialist. But, how then to rein in the financial-corporate monsters whose lobbying efforts control many lawmakers? Electing people like Elizabeth Warren who won't be bough, and who ask tough questions is the best start I can think of.
@cordelia312 great she can't be bought, but she's never been an elected official before so if she wants to keep her job she will have to bow to the DNC and its leaders unless she can find some other way to fund her position. and the DNC has more wall street money than any other party. personally, i'd rather see her in the FED or SEC or similar regulatory org, i don't believe politics are her style.
@cloudshe Well, the Republitards made it clear that she wouldn't get confirmed to head the Consumer Financial Protection Bureau, so she's taking her message right to the people, and they seem to be liking it :)
@Seasass my guess would be that the GOP thinks she's a little over the top v. "you can't legislate common sense" conservative philosophy.
still, if she's ambitious enough, she could become a good democrat & maybe go far toward pitching the socialization of our country, after all, it IS Massachusetts she's representing
@cloudshe haha--one reason that "you can't legislate common sense" is you can't DEFINE it. We have debates in the public forum precisely because no person has a monopoly on this evidently (and ironically) uncommon quality. Regarding your comments about Massachusetts, I take it you're not a Romney fan either ...
@Seasass yes, and as for the Consumer, well, i'm sure we would all be pleased if our government continued its campaign for survival of the stupidest: "warning: do not pick up lawnmower to trim your bushes" "Gasoline: Highly Flammable, drinking may cause injury and/or death" "consult your math teacher before charging on a 18% credit card that you can't afford to pay off at the end of the month" and romney would be a good replacement for clueless dodger obama, but maybe, newt!?! ♥♥
@cloudshe Elizabeth Warren's main motive in advocating for the CFPB was the lack of transparency in credit card agreements, mortgage agreements, and various other types of consumer lending. If a credit card issuer comes right out and says the rate is 18%, people will probably not even want the card, let along run up a huge balance. What the CC's were doing is offering a teaser rate in the single digits, then resetting it retroactively to 29% after the person had run up a balance.
@Seasass i don't think there's a CC i hold that charges less than two digits. are there really others out there? i think my credit union will grant me a consumer loan at around 8% but it has to be collaterized. i suppose there are a lot of gimmicks out there, if for no other reason, to prove PT Barnum correct. but yes, if EW was going after the loan sharks, go get em, still tho, she'd lose her focus as a senator imo. would you want ralph nader as your rep?
@truthtify321 Socialism? She is questioning the wisdom of using U.S. tax dollars to give 100 cents on the dollar to people in the private sector who made idiotic bets. She has said "Capitalism without bankruptcy is like Christianity without hell." Do those sound like the words of a socialist?
@Seasass yes it does. translate: "screw you capitalists, if you can't produce tax monies for the government to spend, you all belong penniless in hell"
@cloudshe Uhh ... more like, "look, kids, if you want to make reckless bets, do it in Vegas with your own money. If you do it with your customers' money and, especially, if you expect to be bailed out by taxpayers when things go wrong, I'm afraid we're going to have to write some new rules and be tougher about enforcing the old ones."
@Seasass yes, reckless. if you follow the thread of this mess, it leads back to Fannie Mae under Raines. as competitors, the rest of the mortgage banking system followed. since FM was being protected by some powerful folks in congress, the regulators' warnings went unheeded. and yes, in retrospect, those "guaranteed" instruments that the banks were selling should have been under some kind of microscope. i think they thought "well, everyone Else is doing it"
@cloudshe Check out the Financial Crisis Inquiry Commission report, according to which Fannie and Freddie "contributed to the crisis, but were not a primary cause." Without a doubt, they did stupid things, and their administrators deserve to be criticized, but THEY were the ones who had the lemming-like attitude that "everybody is doing it"; they followed rather than led Wall Street and other lenders into subprime lending.
@Seasass last i researched it, the idea and policy originated with Raines, not to say that some lenders were under HUD pressure to lower standards because "everyone is entitled to own their own home"
@cloudshe Are you kidding me? Under HUD pressure? Try this little excerpt from the Peabody-award-winning "The Giant Pool of Money" episode from This American Life: Mike Francis, an executive director at the residential mortgage trading desk of Morgan Stanley said “From our standpoint it’s like, there’s a guy out there with a lot of money. We’ve got to find a way to be his sole provider of bonds to fill his appetite. And his appetite’s massive.” That was the motivation.
@Seasass well, yes, from what i remember HUD was pushing for more loans to people on the margins and in 1999 fannie mae started a program to greatly increase those opportunities. the mortgage backed securities scam followed, in a wise effort to get rid of the obvious liability of tons of bad loans. when GSE-paid shills frank & dodd fought off attempts to rein in the stupidity at the GSEs, they became complicit and had to answer tuff questions when the bubble burst
@cloudshe Your the first person I've ever heard use the words "wise" and "scam" to refer to the same thing. Gives a great deal of insight into your world view, I must say.
@Seasass wise meaning smart way to get out of a fix, scam meaning probably would have worked if every one else wasn't in on it. corporations are what they are, just as politicians are, just as voters are. congress is not in any mood to get anything fixed and we don't have a president who wants to get engaged in fixing the mess, guess we need new people and a new attitude about what's good for the country
@cordelia312 she seems very bright. unfortunately her message is "more government is Good government". maybe that's why she's gotten the socialist tag
the republicans were outspokenly against her. democrats criticized her too. you see, the banks have both of these parties in their pockets. even obama had a lot campaign donations from these big banks. almost every politician is bought through their campaigns.
Why wouldn't it have been expedient for AIG to go bankrupt, then determine which entities get saved via their business with AIG and hand outs from the US taxpayer using bankrupcy? What does Geithner mean when he says he did not have the "the legal capacity to order the unwinding of a large financial institution". Did he have the legal capacity to pay 100 cents on the dollar to pay credit default swap holders who could have very easily been cut off without a dime? Absolutely.
"Unlike my opponents, I'm not running from my voting record. I'm not running from my public statements. I'm not running from my predictions. I'm running on them." - Ron Paul *** OurName4Freedom
Look. Anyone that believes that communism or socialism is better than America needs to leave. Why would you stay in a country that is oppressive towards you? Go to a country that suits your best. You wont go you know why? Because you are addicted to every sinful selfish pleasures you enjoy in America. That is called being a parasite. You only like America for your immoral lifestyles. You do not love America for what it really represents. Go away. We dont need you. You wont. your addicted.
If you do not like it here go away. I am an American. This system was created for me. This is my country. Not yours obviously. go away. I appreciate what America stands for. Not the corruption that exists but the freedom that exsists. My parents came here from another country. Im first generation. Go away if you do not like it here. You have no right to change my constitution. Go away.
Osama bin laden and his family partied hard in the states. They even went to college here. They had money invested in our stock markets and american buisnesses. But they hated america so much they murdered 3000 people. Thats called being a parasite. You praise America for selfish ambitions but you complain about eveything that is good about it. Actually the people you blame for our demise who are in Wall st are just like you. They are parasites. They only care about making money. greed.
Look. Anyone that believes that communism or socialism is better than America needs to leave. Why would you stay in a country that is oppressive towards you? Go to a country that suits your best. You wont go you know why? Because you are addicted to every sinful selfish pleasures you enjoy in America. That is called being a parasite. You only like America for your immoral lifestyles. You do not love America for what it really represents. Go away. We dont need you. You wont. your addicted.
excellent point warren...why did the workers wages at auto bailouts take a discount (less than 100%) but not the hedge funds (managers) and banks get 100% on the dollar???
Maybe I am crazy but didn't Elizabeth Warren head the comittee to oversee TARP spending? She should have some idea as to who got money and why. If you want to find out where the money went I would suggest you start with who contributes the most to Democrat elections.
@mal35m Warren was on a panel that oversaw TARP, but she wasn't the one running the program. That was the Treasury Secretary Henry Paulson under Bush, and then Geithner.
@Truth77Absolute So? China is communist and they are doing much better than we do. Actually they almost owned us. And second, she is a much better candidate than any republican out there for president.... if only she would run.
@yes4me , Right . China is doing better than the United States and that is fine. I do not frown upon others success. But our failures of doing buisness with corrupt organizations, countries, leaders, ideologies has lead us to help a comunist country like china to prosepr. People will elect people that reflect who they are. So this shows what Americans have become the last 30 years. A disgusting lot represented by triators like you. A hater of everything that is good.
@yes4me ,So? You think that communism is good. Why dont you leave this country and go live with them. We dont need you here. You are a parasite if you think communism is a good thing. As a matter of fact I think you are either joking or you are misinformed about communism. Do some research. Go live in their country for 1 year. You are a liberal lunatic.
who do you think is the parasite capitalism or socialist china? How owns more US government treasuries and makes almost everything we buy? Socialist China is the correct answer. the fact is therefore the capitalist countries (plural) are parasites off Socialist China...hard to swallow but don't point fingers without getting your head around the facts...communism is propping up the US and the other so-called democracies...what this country and the others are are really financial oligarchies...
@kc1964kc , I dont have nothing to do with the past. I am living in the present. I am an American first generation. I like it here. Go away if you dont. WE dont need you here. We will be fine without you. dont let the door hit you on your butt on the way out.
he responds : "...the money in that context, went ...to help stabilize very damaged institutions that would have posed, WE THINK (!?!?!).. uh ...very substantial systemic failures.....". Smh.
Fu@k Geithner and fu@k the Fed. Here's an idea.... let the big banks fail. THAT is capitalism. The money that collectively went from the Fed to the bailout recipients could have been been given to The People, and that would have actually helped us. Nearly a half a million per adult in the USA. Every single person could have owned their home, bought anything they wanted, started a business, and reinvested in REAL capital. This system is bogus.
If you let defeault happen, you have capitalism. If you bail out failed financial companies, you incentivise risk and socialize losses. But, when you are one of the people who helped cause the crash in the first place it is no surprise that you continue to reward your friends for making overly risky ventures. Well done Geithner, you make Al Capone look like an amateur.
@sgillhoolley Treasury is an extension of Goldman Sachs. They will be taken care of by the government no question. Something that didn't happen for the rest of the country. They tool short positions and made money on the collapse they helped cause and knew was coming and watched a lot of their competition disappear. All and all, crashing the economic system was very profitable for them and left them much better off than they were before it happened.
Please ppl stop talking left/right BS. This is a corruption issue plain and simple. There is a 5 to 1 ratio of financial lobbyists to politicians in Washington. 152,000+ views here and 12 million for cats playing pattycake? What does that tell you? People need to wake up and realize its EVERYBODY'S job to police our government and rid those who are on the take. “The country is broken because the system is fixed” ~ some guy
why is this squirmy shit still Treasury secretary? I want to puke. and if massachusetts doesn't vote this woman in and instead puts Cosmo boy in again, they're a bunch of morons, too.
Nixon: “A majority of people in Colorado voted for abortion, I think a majority of people in Michigan are for abortion, I think in both cases, well, certainly in Michigan they will vote for it because they think that what’s going to be aborted generally are the little black bastards.”
Nixon Tape 700-10
Nixon: “… as I told you and we talked about it earlier, that a hell of a lot of people want to control all the Negro bastards.”
U.S. soldiers are occupying & waging war in the nations of Iraq, Afghanistan, Libya, Pakistan & God knows where else. No declarations of war have been made as prescribed by the United States Constitution. ALL participants are guilty of treason. The "I-was-just-following-orders" defense didn't work at the Nuremberg show-trials of 1946-7 and it won't work now. U.S. commanders have routinely violated the Yamashita/Medina Standard in regards to hierarchical accountability in cases of war crimes.
Lincoln on Slavery: "I have no purpose, directly or indirectly to interfere with the institution of slavery." --- March 14, 1861
"What I would most desire would be the separation of the white and black races." --- 7-17-1858, fr. a speech delivered in Springfield, Ill.
"I am not in favor of making voters or jurors of Negroes, or of qualifying them to hold office, nor to intermarry with white people." --- September 15, 1858
Go Elizabeth Warren! The article "The Woman Who Knew Too Much" from Vanity Fair's November Issue brought me here. Please read for more information about this extraordinary woman :) Keep fighting the good fight Ms. Warren. Now I'm going out to move my money from Chase Bank to a local credit union.
PEOPLE NEED TO SWITCH PARTIES 12 WEEKS IN ADVANCE OF THE PRIMARIES IN MOST STATES.
IF YOU DO NOT SWITCH IN TIME YOU CANNOT VOTE IN PRIMARY.
IF YOU ARE NOT REGISTERED REPUBLICAN YOU CANNOT VOTE IN PRIMARY.
IF RON PAUL DOES NOT WIN PRIMARY, NO GENERAL ELECTION ! REGISTER AS A REPUBLICAN. FIND OUT WHEN YOUR STATE HAS PRIMARIES. FIND OUT WHERE AND VOTE VOTE VOTE ! PLEASE !
WE NEED EVERY LAST VOTE ! Copy and paste this everywhere"
Geithner should have been tried for treason as a result of his actions during the bailouts! He is truly a sleazy human being who has repeatedly betrayed the public trust.
if Geithner was in Prof. Warren's bankruptcy class, she'd have already called on the rest of Congress with that answer. There should be firmer, more reasoned answers when taxpayers' money is on the line. Government officials should have a fiduciary duty to taxpayers the same as corporate executives have such an obligation to their shareholders. Blame corporations, banks, etc. but they're only doing what they exist to do: make a profit. It's our own representatives which have let us down.
I do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; that I take this obligation freely, without any mental reservation or purpose of evasion; and that I will well and faithfully discharge the duties of the office on which I am about to enter: So help me God. NO ONW HONORS THEIR OATH OF OFFICE. Watch Agenda...it explains why America is failing.
Can't believe that last statement. He wants more protections for the "too big to fail banks" by giving them more protection or insurance against bad loans. That will just let the banks take more and larger risks, that the government will have to bail out. Who hired this guy?
OMG!! Why can't we have more like her, Alan Grayson, Bernie Sanders, Sherrod Brown, Keith Ellison, Raul Grijalva, Donna Edwards, Karen Bass, Jan Schakowsky, Elijah Cummings, Richard Cordray, etc...
eeeeeeeewwwwwwwww....... I knew who Geithner was, but that's the first time I've ever seen him speak. I didn't realize what a creepy, oily little weasel he is. If you looked up "back-peddling ponce" in the dictionary.....
That last remark is incredible, in the old sense meaning 'not to be believed'. Says Tim Geithner, the ONLY way to deal with banks which made colossal errors but which were so large their failure would have been catastrophic and so were made even larger through injections of tax payer monies and federally guaranteed mergers is to arrange things so as to make it easier to give those same banks more tax payer money in the future. No it isn't, you could break them up.
AIG was bailed out to pay the NUMBER ONE BENEFICIARY GOLDMAN . Hank Paulson, CEO of Goldman Sachs, became Treasury Secretary and then sells $500 million Goldman stock TAX FREE. Paulson then pushed the AIG bailout to cover Goldman Sachs Credit Default Swaps (bets against the housing market) bought from AIG. watch?v=-hhPvas-Q8Y&feature=channel_video_title
Wall Street thinks it's so fine, they won't tell the 99% where the money went. The pentagon "don't know where they spent the money at.
Bernanke and the federal reserve must go away. Why did Obama keep the people Bush put in place? There is no politician who will ask for accountability because they are in the pockets of "corporations" buying them. Go Warren.
Of course, the real question isn't could she have pursued him more relentlessly (she probably could have if they'd allowed her more time), but why was Obama's Treasury secretary (and one of his main advisors) already on the hot seat 8 months after the Inauguration? Could it be the Obama was never the great populist hero that the people that voted for him thought he was?
This video is the reason "Occupy Wall Street" makes sense.
Obama limited Warren's powers. Why? Perhaps becuase the financial institutions gave him more funding than Hillary and McCain combined (primary and general).
Criminal. Lock him up. Lehman was the fall guy so they could say "see, look what happens if we allow a default.". Then the sheeple say "ahhh of course, do what ever you need to do, that was too scary. Take whatever you need from us". Then Timmy and Paulson loot the treasury and give it to their friends at GS. She did her best to expose him though.
VOTE WARREN 2012 FOR MASSACHUSETTS SENATOR! Obama wouldn't make her the head of the Consumer Financial Protection Bureau, the agency SHE built, but we can still get her into Congress!
@evangelion10119 You can blame Obama for many things but it wasn't Obama who blocked her nomination, it was the Republicans in the Senate. They have, under no uncertain terms, made it explicitly clear that she would never see a nomination as long as the Republicans had any chance to block her nomination. In addition, the Republicans in the House and Senate have chosen to never recess, which effectively blocks Obama from doing a recess appointment.
Geither has no point and is an ignorant political failure.
AIG "had no choice" but to uphold their contract - but of course it's completely different for unions who also have a contract.
Of course .gov could have paid 30 cents on the dollar or less -- they were the only customer. They had (and have) monopsony power. TARP was not essential - never was, never will be.
The only thing essential TARP did was continue the outlandishly-sized banker bonuses.
Geithner has a point, but so does Warren. They are both right, they really are. But Warren is getting to the heart of things.
I don't blame anyone for the TARP bailout (only for the necessity of it, of course). Letting our financial system collapse would have made things far, far worse for EVERYONE. But the fact is, we bailed out the banking industry and it was only the bankers who really benefited. And now they act like they're being persecuted (and they're resisting reforms like crazy).
@Willam2 IF indeed we SHOULD have bailed them out ( and I ;m not sure I agree with that at all ) , but for the sake of argument, since we did , that bailout $ should have had more strings attached than a puppet does . None of that $ should have gone for bonuses , CEO salaries and there should have been a re-payment plan signed befoer they received a penny . Personally ,I think everyone at AIG should be in jail serving time , rather than getting millions to party with on our dime .
if we hadnt bailed out aig there woulda been a panic from the pension funds that lent money to companies that used aig's double a rating and the retirement fund of a lot of people woulda been wiped out. geithner did what he had to do to keep investors calm and part of that is telling people that the government wont let aig default on the loans they insured. warren should already know this. shes just trying to pin geithner with a gotcha question.
All that matters in the end are results: behaviors and how we react to those behaviors. It's not your position to deem someone as a "control freak" or not. Criticizing intangible qualities is an exercise in futility. So very misguided. Also, does your reactive labeling, "control freak," not betray your own psychological underpinnings? It totally does, but hey, I don't care. I criticized what you said and not what I think you are, which is, if you were curious, ridiculous. *drops mic*
"Safer for future failure" They have the system rigged so they can take advantage of the up and down swings. If you're not on board their ship, oh well!
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Elizabeth Warren is an academic with zero practical life experience. This country's economy is being choked to death by similar contol-freak regulators. Her personality was traumatized when her father had a heart attack during her childhood and the family's economic plight was severely stressed. She has been acting out her anxieties ever since and seeking to externalize these by controling others.
@janelasdedeus Wow, armchair psychology –> amateur political analysis! Opinions, are one thing, but it does not help your case to contort two (2) isolated details you happen to know about someone's youth to judge whether or not they are competent politicians.
Pro tip: criticize someone for their rhetoric and actions, not irrelevant trivia.
@sparkletron3 As human beings, our policy postions are nothing more than expressions of our underlying psychology. This country's economy is presently being smothered by personailities who are severe control freaks. This is the real issue... not the specific form of their efforts to deal with personal anxieties by controlling others.
@janelasdedeus Yeah that's right. As an academic of course, she is removed from such petty things as breathing, paying taxes, and shopping for groceries. Raising two children has obviously been much easier for her for the same reason. Obviously that waitressing she did as a kid because of her dad's illness...that wasn't real life either. And worst of all is the area she teaches in - that arcane fantasy that is bankruptcy law! I mean come on, could this woman live any less in the real world?!
Geithner has the face and the eyes of a shoplifter.
Kallindril 3 days ago
Geithner Owned! bye bye
dcmann2112 6 days ago
The AIG bailout did help Goldman Sachs but the big beneficiary was Europe. Search: "The AIG bailout was about Europe - Reuters" also for a history of Geithner bailing out Goldman Sachs Search "Geithner and Goldman, Thick as Thieves"
taeonu 1 week ago
taeonu 1 week ago
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We have exterminated the property owners in Russia.We are going to do the same thing in Europe and America
The Jew,December 1925,Zinobit
World revolution which we will experience will be exclusively our affair and will rest in our hands.This revolution will tighten the Jewish domination over all other people
Le Peuple Juif, February 8,1919
Welcome to JEW WORLD ORDER,they own FR,it's private
Bible,Revelation 2:9,,3:9 jews=Synagogue of satan
Read this book for free on internet WHO IS ESAU-EDOM
goldberg823 1 week ago
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@SEVENTHUNDERFUL check this out: "[Elizabeth Warren] has been criticizing Scott Brown for being 'Wall Street’s favorite Senator'...but she hauled in an eye-popping $5.7 million the last three months of 2011 — refused to swear off Wall Street money [Wednesday], instead claiming that any money she gets from deep-pocketed financiers is coming from those who 'want reform.' "
---Boston Herald 12 Jan 2012
MCSnicks 2 weeks ago
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This is just typical democratic politics. Warren is part of the problem. She was in on the TARP giveaway and the funding of the elite bankers from the beginning. She's an Obama crony and a typical shrill leftist who believes you can never give enough money to the government. She always willing to take your money and cite your obligations to the central government. I'd like to see her tax records and her giving however.
RIGHT ON DUDE!
MCSnicks 2 weeks ago
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OH, REALLY?
"[Elizabeth Warren] has been criticizing Scott Brown for being 'Wall Street’s favorite Senator'...but she hauled in an eye-popping $5.7 million the last three months of 2011 — refused to swear off Wall Street money [Wednesday], instead claiming that any money she gets from deep-pocketed financiers is coming from those who 'want reform.' "
---Boston Herald 12 Jan 2012
JuifVivant 2 weeks ago
This is just typical democratic politics. Warren is part of the problem. She was in on the TARP giveaway and the funding of the elite bankers from the beginning. She's an Obama crony and a typical shrill leftist who believes you can never give enough money to the government. She always willing to take your money and cite your obligations to the central government. I'd like to see her tax records and her giving however.
SevenThunderful 3 weeks ago
@SevenThunderful shes an obama insider which is why obama wouldnt put her in his administration right? Go fuck yourself, you should be ashamed spreading lies about a great woman liKe EW.
qualityrkc 1 week ago
@qualityrkc Correct. She was appointed by Obummer remember? That makes her part of this failed administration. Just because there was another insider with more brownie points to give, who got the final appointment doesn't change her spots. Fortunately for her MA voters are still completely mesmerized by insane leftist philosophies, no matter how bad it gets in their state.
SevenThunderful 1 week ago
@SevenThunderful She was given no power by the obama administration. It was a political move to try and convince people he is liberal. Since then he has shown his true colors.Maybe you should lookup EW's opinions of Obama bc to say she is an obama insider is to be ignorant. Look, you can side with Karl Rove at your own peril but don't try and act high and mighty. EW is a good person and an expert on economics. Karl Rove is an expert at destroying the country and being evil.
qualityrkc 1 week ago
@qualityrkc Didn't you just curse at me some 24 hours ago? OK lets calm down the emotions and you tell me why she is so wonderful in less than 400 characters. I frankly have very little trust for the utopian dreamers that come out of ivory towers like Harvard. Nevertheless I'm willing to hear your arguments.
SevenThunderful 1 week ago
@SevenThunderful Bc she cares about your rights even if you don't care for her. I love her for the same reason the Obama administration kept her at 2 arms length. I love her for the same reason karl rove and the koch bros hate her and use their super pacs to deface her rather unsuccessfully. I'll let you figure it out for yourself...type into google "why is elizabeth warren awesome?"
qualityrkc 1 week ago
@qualityrkc also did you watch this video? You may not be able to understand what is happening in this video.
qualityrkc 1 week ago
@qualityrkc Typed it in and saw her speech about how we need to make it even harder for businesses to function in America because they are not doing their fair share. Then she proceeded to blame the deficit on all the wrong issues. She failed to mention that her own party, via Barney Frank blocked all attempts at banking reform and that Obama increased the deficit by more than the sum total of all prior presidents. Maybe she means well, but her assumptions are flawed.
SevenThunderful 1 week ago
@SevenThunderful Bear Stearns, Merril Lynch, Lehman Brothers, Goldman Sachs, and Morgan Stanley. These five institutions reported over $4.1 trillion in debt for fiscal year 2007, a figure roughly 30% the size of the U.S. economy. In 2011, the Federal Reserve, using statistical comparisons of geographic regions which were and were not subject to GSE regulations finds that GSEs played no significant role in the subprime crisis. Do you trust fox news?
qualityrkc 1 week ago
@SevenThunderful Can you also tell me what role in the collapse private banking institutions played? Bc from your comment it appears that you believe they played no role.
qualityrkc 1 week ago
@qualityrkc The private institutions did what any morally bankrupt institution would do, they sucked as much money as they could out of the situation. However it was all enabled by the democratic corruption machine, which is run by certain bankers in the city of London inc., but that's another story. Here is a synopsis of how the dem.s blocked all reform.
Do search on "Democrats were WARNED of Financial crisis"
The bigger the monopoly the more corrupt. Govt. is the biggest of them all.
SevenThunderful 1 week ago
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saintlennon9 3 weeks ago
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Let's tell THE WHOLE TRUTH.
US congresswoman Cynthia McKinney has come out and blamed the pro-Israel Lobby in America (AIPAC, ADL, ZOA, etc) for ruining her political career. While in congress she refused to sign the pro-Israel pledge and took a pro-Palestinian stance. Because of this, McKinney said “war was declared” on her by the Jewish lobby. In 2009 she told TIU's Ognir that “more than 99% of Congress work for Pro Zionist Israeli interests.”
w(dot)zioncrimefactory com/jew-world-order
LordLindsey12 3 weeks ago
She could run for Prez- When are the hearings to lock up these pricks
lushfauna 3 weeks ago 6
Listening to this, it becomes clearly obvious that America is not led by a government but by corporations.
lemekid 3 weeks ago
Lying fuck.
Solarfactor 4 weeks ago
Don't worry, Tim. We all know you are a zionist operative terrorist who despises the american people....but there is always a job waiting for you in the Obama organization.
callouschristian 1 month ago
They have done nothing that Geithner says to prevent "too big to fail" it is a total con!!!
boeingdriver29 1 month ago
Geithner you are vermin
boeingdriver29 1 month ago
I LOVE Elizabeth Warren.
Unfortunately, she'll never make it to the HIGHEST echelons of control in this country.
Why?
… because she's honest.
… because she actually CARES about the people of this country.
… because she has IDEALS and deeply believes in them
… and, because she's GENUINE.
Our country's bloated, corrupt, old boys circle jerk governance doesn't reward people like Elizabeth Warren.
It FILTERS THEM OUT.
willyicious 1 month ago
@willyicious Don't give up hope. We still have a democracy, albeit an imperfect one. The fact that EW has continued to gather steam, surged ahead of Brown in the polls, and attracted thousands of campaign volunteers, in spite of Rove's multimillion-dollar sleazeball ad campaign, means that there is still a place for us, the people, in the process. Stand up and be counted!
Seasass 1 month ago
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The Fed is a Jesuit creation. The Titanic disaster is related to it as 911 is related to the bogus war on terror and the catastrophic bank bailout and economic disaster. reg6(dot)com. All Jesuit orchestrated. Research it.
EllenGouldWhite 1 month ago
The mass media mostly has no true journalists, except Rachel Maddow. And the Wall Street occupiers should indeed have their beef with Wash D.C. So, how to best get the corporations and lawmakers out of bed with each other? A quiet revolution; electing the best people. An army of ants must move this mountain. And we can do it, with candidates like Elizabeth Warren. The internet's one-to-one communication versus the spin of the mass media allows reading, writing and thinking. There's hope.
cordelia312 1 month ago
She left her mark when establishing the financial regulatory entity and seems just the type to break the lawmaker indebted-to-the party mold you describe. Maybe the DNC is helping her unseat Scott Brown, but she is indeed her own person. Let's give her all the support possible. Grass roots funding is an option, when there's enough of a ground swell. And let me add...the more women lawmakers, the better! We are, after all, the majority.
cordelia312 1 month ago
@cordelia312 okay but personally i like scott brown, not because he's a man, but because he will better support conservative principles that will bring our economy and jobs back
cloudshe 1 month ago
@cloudshe...I agree with your point about a candidate being indebted to the party funding their campaign; with the exception of Elizabeth Warren. Our hope is for independent candidates..billionaires with a conscience or fearless social servants like Ralph Nader. I see the economy getting strong via a quiet revolution, w/laws changing. I can't think of a conservative principle that will bring jobs back. Regulating and prosecuting corporate thieves resonates with me.
cordelia312 1 month ago
@cordelia312 thieves? people that break the law can and will be sent to jail. pretty much anyone with any sense will strive to maximize their income while staying within the law. if you're a big company you must stay with your competition by taking advantage of every break, every workable idea, which is one reason why consumers save so much money on nearly every item. OWS should have burned DC, not Wall Street. and you have no beef with the media for playing so dumb?
cloudshe 1 month ago
@cloudshe "anyone with any sense will strive to maximize their income while staying within the law"
You just made a better argument than I could for changing some of the laws :)
Seasass 1 month ago
@Seasass hey, that stuff is just a given. and anyone in congress that believes that wall street should operate on charity and morality is too stupid to be there :):)
cloudshe 1 month ago
@cloudshe That was a complete nonsequitur. Of course nobody believes they operate on charity and morality. That's why we need to pass some legislation to make them behave better than they currently want to. I was thinking, for instance, of making it illegal for an investment bank to be pushing a deal on someone while at the same time shorting it.
Seasass 1 month ago
@Seasass nobody believes? then what the heck was that OWS stuff about? when i worked in the gasoline business i remember how threatened upper management was about going to jail over abuses perceived by the government. now we have frauds like corizine who state "i don't know where the money went" and get off? newsflash: you don't have to have an actual body to be convicted of murder. maybe WS just needs tougher enforcers
cloudshe 1 month ago
@cloudshe Do you really think that OWS was about freeing bankers to be the truly charitable and moral creatures they are meant to be deep down? Of course not. It was a mass protest against the greed and venality demonstrated by many of them, and a call for legislation and oversight that will make it much more difficult to do the same things in the future. As for "maybe WS just needs tougher enforcers"--at last you and I can agree wholeheartedly on something.
Seasass 1 month ago
@Seasass yes we agree, i just don't know why they thought manhattan was the venue when our problems lie in DC. maybe the dope is easier to come by there ;)
cloudshe 1 month ago
@cloudshe Well, clearly the problems have been in both places and in the cozy relationship between them, which is why there's on Occupy the Capitol movement, too. Elizabeth Warren wouldn't even be running for Senate had Wall Street lobbyists not influenced legislators to block her appointment to head the CFPB (talk about "tougher enforcers" :)). And Robert Rubin, former CEO of Goldman, was one of the people who silenced CFTC's Brooksley Born when she wanted to regulate derivatives.
Seasass 1 month ago
@Seasass i thought warren was one of obama's people, does he have no clout or does he just not give a F?
cloudshe 1 month ago
@cloudshe This is a democracy, dear, and we have a system of checks and balances. Go read the Constitution before we carry on with this part of the debate.
Seasass 1 month ago
@Seasass you may have a point there sweetheart, however, if obama had seriously wanted the appointment he could have made trouble for anyone blocking the appointment for crooked reasons. at present the prez doesn't seemed to be engaged with anything anymore except his reelection, OWS ought to be camping out on the south lawn imo
cloudshe 1 month ago
@cloudshe and is the opposition engaged with anything more than trying to prevent prez's re-election? Take heart, darlin' -- once he gets the second term he'll be a little bolder for you :)
Seasass 1 month ago
@Seasass i suppose, sweetheart, BHO can run on his "experience" now. it would be the quintessential Lucy and the Football moment for America ♥
cloudshe 1 month ago
@cloudshe BTW, there is plenty of dope in DC.
Seasass 1 month ago
@cordelia312 re: conservative principals: less taxes, less nanny state cradle to grave subsidization, less illegal immigration filling our prisons & artificially lowering wages while increasing social costs, less sky-is-falling regulating of every aspect of our economy, less moving the goalposts on regulatory standards...are these NOT job creating, economy fixing principles?
cloudshe 1 month ago
I guess nobody wants more government or to be labeled a socialist. But, how then to rein in the financial-corporate monsters whose lobbying efforts control many lawmakers? Electing people like Elizabeth Warren who won't be bough, and who ask tough questions is the best start I can think of.
cordelia312 1 month ago 4
@cordelia312 great she can't be bought, but she's never been an elected official before so if she wants to keep her job she will have to bow to the DNC and its leaders unless she can find some other way to fund her position. and the DNC has more wall street money than any other party. personally, i'd rather see her in the FED or SEC or similar regulatory org, i don't believe politics are her style.
cloudshe 1 month ago
@cloudshe Well, the Republitards made it clear that she wouldn't get confirmed to head the Consumer Financial Protection Bureau, so she's taking her message right to the people, and they seem to be liking it :)
Seasass 1 month ago
@Seasass my guess would be that the GOP thinks she's a little over the top v. "you can't legislate common sense" conservative philosophy.
still, if she's ambitious enough, she could become a good democrat & maybe go far toward pitching the socialization of our country, after all, it IS Massachusetts she's representing
cloudshe 1 month ago
@cloudshe haha--one reason that "you can't legislate common sense" is you can't DEFINE it. We have debates in the public forum precisely because no person has a monopoly on this evidently (and ironically) uncommon quality. Regarding your comments about Massachusetts, I take it you're not a Romney fan either ...
Seasass 1 month ago
@Seasass yes, and as for the Consumer, well, i'm sure we would all be pleased if our government continued its campaign for survival of the stupidest: "warning: do not pick up lawnmower to trim your bushes" "Gasoline: Highly Flammable, drinking may cause injury and/or death" "consult your math teacher before charging on a 18% credit card that you can't afford to pay off at the end of the month" and romney would be a good replacement for clueless dodger obama, but maybe, newt!?! ♥♥
cloudshe 1 month ago
@cloudshe Elizabeth Warren's main motive in advocating for the CFPB was the lack of transparency in credit card agreements, mortgage agreements, and various other types of consumer lending. If a credit card issuer comes right out and says the rate is 18%, people will probably not even want the card, let along run up a huge balance. What the CC's were doing is offering a teaser rate in the single digits, then resetting it retroactively to 29% after the person had run up a balance.
Seasass 1 month ago
@Seasass i don't think there's a CC i hold that charges less than two digits. are there really others out there? i think my credit union will grant me a consumer loan at around 8% but it has to be collaterized. i suppose there are a lot of gimmicks out there, if for no other reason, to prove PT Barnum correct. but yes, if EW was going after the loan sharks, go get em, still tho, she'd lose her focus as a senator imo. would you want ralph nader as your rep?
cloudshe 1 month ago
i got a 100% haircut on my lehman bonds
cloudshe 1 month ago
gosh these guys are EVIL. its written on geithners face...scumbag.
ilindah 1 month ago
Little Timmeh Geithner is as sleazy as they come. Just watching him on the interweb machine makes me want to be hosed down with hydrogen peroxide...
ShotoJamf 1 month ago
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wb5704 1 month ago
ELIZABETH WARREN FOR PRESIDENT!!!!
TheEmpowered787 1 month ago 28
@TheEmpowered787 yeah!! let socialism reign!!!
truthtify321 1 month ago
@truthtify321 There you go again, using big words without understanding what they mean. Sad, really.
TheEmpowered787 1 month ago
@truthtify321 Socialism? She is questioning the wisdom of using U.S. tax dollars to give 100 cents on the dollar to people in the private sector who made idiotic bets. She has said "Capitalism without bankruptcy is like Christianity without hell." Do those sound like the words of a socialist?
Seasass 1 month ago
@Seasass yes it does. translate: "screw you capitalists, if you can't produce tax monies for the government to spend, you all belong penniless in hell"
cloudshe 1 month ago
@cloudshe Uhh ... more like, "look, kids, if you want to make reckless bets, do it in Vegas with your own money. If you do it with your customers' money and, especially, if you expect to be bailed out by taxpayers when things go wrong, I'm afraid we're going to have to write some new rules and be tougher about enforcing the old ones."
Seasass 1 month ago
@Seasass yes, reckless. if you follow the thread of this mess, it leads back to Fannie Mae under Raines. as competitors, the rest of the mortgage banking system followed. since FM was being protected by some powerful folks in congress, the regulators' warnings went unheeded. and yes, in retrospect, those "guaranteed" instruments that the banks were selling should have been under some kind of microscope. i think they thought "well, everyone Else is doing it"
cloudshe 1 month ago
@cloudshe Check out the Financial Crisis Inquiry Commission report, according to which Fannie and Freddie "contributed to the crisis, but were not a primary cause." Without a doubt, they did stupid things, and their administrators deserve to be criticized, but THEY were the ones who had the lemming-like attitude that "everybody is doing it"; they followed rather than led Wall Street and other lenders into subprime lending.
Seasass 1 month ago
@Seasass last i researched it, the idea and policy originated with Raines, not to say that some lenders were under HUD pressure to lower standards because "everyone is entitled to own their own home"
cloudshe 1 month ago
@cloudshe Are you kidding me? Under HUD pressure? Try this little excerpt from the Peabody-award-winning "The Giant Pool of Money" episode from This American Life: Mike Francis, an executive director at the residential mortgage trading desk of Morgan Stanley said “From our standpoint it’s like, there’s a guy out there with a lot of money. We’ve got to find a way to be his sole provider of bonds to fill his appetite. And his appetite’s massive.” That was the motivation.
Seasass 1 month ago
@Seasass well, yes, from what i remember HUD was pushing for more loans to people on the margins and in 1999 fannie mae started a program to greatly increase those opportunities. the mortgage backed securities scam followed, in a wise effort to get rid of the obvious liability of tons of bad loans. when GSE-paid shills frank & dodd fought off attempts to rein in the stupidity at the GSEs, they became complicit and had to answer tuff questions when the bubble burst
cloudshe 1 month ago
@cloudshe Your the first person I've ever heard use the words "wise" and "scam" to refer to the same thing. Gives a great deal of insight into your world view, I must say.
Seasass 1 month ago
@Seasass wise meaning smart way to get out of a fix, scam meaning probably would have worked if every one else wasn't in on it. corporations are what they are, just as politicians are, just as voters are. congress is not in any mood to get anything fixed and we don't have a president who wants to get engaged in fixing the mess, guess we need new people and a new attitude about what's good for the country
cloudshe 1 month ago
Please, let's help elect this woman in her bid to hold a seat in the Senate. Who else asks such good questions? That's where good government starts.
cordelia312 2 months ago 42
@cordelia312 she seems very bright. unfortunately her message is "more government is Good government". maybe that's why she's gotten the socialist tag
cloudshe 1 month ago
the republicans were outspokenly against her. democrats criticized her too. you see, the banks have both of these parties in their pockets. even obama had a lot campaign donations from these big banks. almost every politician is bought through their campaigns.
maxten 2 months ago
Why wouldn't it have been expedient for AIG to go bankrupt, then determine which entities get saved via their business with AIG and hand outs from the US taxpayer using bankrupcy? What does Geithner mean when he says he did not have the "the legal capacity to order the unwinding of a large financial institution". Did he have the legal capacity to pay 100 cents on the dollar to pay credit default swap holders who could have very easily been cut off without a dime? Absolutely.
prrolg 2 months ago in playlist News, etc. 3
She is awesome. I love how she puts these ass holes in their places! WAKE UP AMERICA!
TruthSeekingHuman221 2 months ago 6
@TruthSeekingHuman221
Warren is a Democrat like Geithner too, though. She very much supports big government.
zeecee1 2 months ago
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"Unlike my opponents, I'm not running from my voting record. I'm not running from my public statements. I'm not running from my predictions. I'm running on them." - Ron Paul *** OurName4Freedom
DanHall4RonPaul 2 months ago in playlist More videos from Michaelwiseguy
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Look. Anyone that believes that communism or socialism is better than America needs to leave. Why would you stay in a country that is oppressive towards you? Go to a country that suits your best. You wont go you know why? Because you are addicted to every sinful selfish pleasures you enjoy in America. That is called being a parasite. You only like America for your immoral lifestyles. You do not love America for what it really represents. Go away. We dont need you. You wont. your addicted.
Truth77Absolute 2 months ago
If you do not like it here go away. I am an American. This system was created for me. This is my country. Not yours obviously. go away. I appreciate what America stands for. Not the corruption that exists but the freedom that exsists. My parents came here from another country. Im first generation. Go away if you do not like it here. You have no right to change my constitution. Go away.
Truth77Absolute 2 months ago
Osama bin laden and his family partied hard in the states. They even went to college here. They had money invested in our stock markets and american buisnesses. But they hated america so much they murdered 3000 people. Thats called being a parasite. You praise America for selfish ambitions but you complain about eveything that is good about it. Actually the people you blame for our demise who are in Wall st are just like you. They are parasites. They only care about making money. greed.
Truth77Absolute 2 months ago
Look. Anyone that believes that communism or socialism is better than America needs to leave. Why would you stay in a country that is oppressive towards you? Go to a country that suits your best. You wont go you know why? Because you are addicted to every sinful selfish pleasures you enjoy in America. That is called being a parasite. You only like America for your immoral lifestyles. You do not love America for what it really represents. Go away. We dont need you. You wont. your addicted.
Truth77Absolute 2 months ago
the funny thing is one he smartest capitalist jimmy rodgers did just that - he moved to the far east...so you logic is fundamentally flawed.
kc1964kc 2 months ago
excellent point warren...why did the workers wages at auto bailouts take a discount (less than 100%) but not the hedge funds (managers) and banks get 100% on the dollar???
kc1964kc 2 months ago
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musicalidea 2 months ago
Maybe I am crazy but didn't Elizabeth Warren head the comittee to oversee TARP spending? She should have some idea as to who got money and why. If you want to find out where the money went I would suggest you start with who contributes the most to Democrat elections.
mal35m 2 months ago
@mal35m Warren was on a panel that oversaw TARP, but she wasn't the one running the program. That was the Treasury Secretary Henry Paulson under Bush, and then Geithner.
Agnotio 2 months ago
safer for future failure :) was he trying to say " from" future failure ?
VivaMydick 2 months ago
Liz Warren is a communist.
Truth77Absolute 2 months ago
@Truth77Absolute So? China is communist and they are doing much better than we do. Actually they almost owned us. And second, she is a much better candidate than any republican out there for president.... if only she would run.
yes4me 2 months ago
@yes4me , Right . China is doing better than the United States and that is fine. I do not frown upon others success. But our failures of doing buisness with corrupt organizations, countries, leaders, ideologies has lead us to help a comunist country like china to prosepr. People will elect people that reflect who they are. So this shows what Americans have become the last 30 years. A disgusting lot represented by triators like you. A hater of everything that is good.
Truth77Absolute 2 months ago
@yes4me ,So? You think that communism is good. Why dont you leave this country and go live with them. We dont need you here. You are a parasite if you think communism is a good thing. As a matter of fact I think you are either joking or you are misinformed about communism. Do some research. Go live in their country for 1 year. You are a liberal lunatic.
Truth77Absolute 2 months ago
who do you think is the parasite capitalism or socialist china? How owns more US government treasuries and makes almost everything we buy? Socialist China is the correct answer. the fact is therefore the capitalist countries (plural) are parasites off Socialist China...hard to swallow but don't point fingers without getting your head around the facts...communism is propping up the US and the other so-called democracies...what this country and the others are are really financial oligarchies...
kc1964kc 2 months ago
@Truth77Absolute not at all the truth. an american indian would be truthful telling you planet raping capitalist to leave their country-no offense.
kc1964kc 2 months ago
@kc1964kc , I dont have nothing to do with the past. I am living in the present. I am an American first generation. I like it here. Go away if you dont. WE dont need you here. We will be fine without you. dont let the door hit you on your butt on the way out.
Truth77Absolute 2 months ago
i think warren is on the right track but she is too capitalistic.
kc1964kc 2 months ago
he responds : "...the money in that context, went ...to help stabilize very damaged institutions that would have posed, WE THINK (!?!?!).. uh ...very substantial systemic failures.....". Smh.
Time2AnteUp 2 months ago
5:55 the only way? How about reinstating Glass-Steagall you corporate whore.
MyTemporaryAccount88 2 months ago
@MyTemporaryAccount88 Amen!
LazDamar 2 months ago
@MyTemporaryAccount88 Amen!
LazDamar 2 months ago
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Fu@k Geithner and fu@k the Fed. Here's an idea.... let the big banks fail. THAT is capitalism. The money that collectively went from the Fed to the bailout recipients could have been been given to The People, and that would have actually helped us. Nearly a half a million per adult in the USA. Every single person could have owned their home, bought anything they wanted, started a business, and reinvested in REAL capital. This system is bogus.
beerandbanjo 2 months ago
If you let defeault happen, you have capitalism. If you bail out failed financial companies, you incentivise risk and socialize losses. But, when you are one of the people who helped cause the crash in the first place it is no surprise that you continue to reward your friends for making overly risky ventures. Well done Geithner, you make Al Capone look like an amateur.
sgillhoolley 2 months ago 8
@sgillhoolley Treasury is an extension of Goldman Sachs. They will be taken care of by the government no question. Something that didn't happen for the rest of the country. They tool short positions and made money on the collapse they helped cause and knew was coming and watched a lot of their competition disappear. All and all, crashing the economic system was very profitable for them and left them much better off than they were before it happened.
ebrucewilliams 1 month ago
Please ppl stop talking left/right BS. This is a corruption issue plain and simple. There is a 5 to 1 ratio of financial lobbyists to politicians in Washington. 152,000+ views here and 12 million for cats playing pattycake? What does that tell you? People need to wake up and realize its EVERYBODY'S job to police our government and rid those who are on the take. “The country is broken because the system is fixed” ~ some guy
chiefshaver 2 months ago 3
why is this squirmy shit still Treasury secretary? I want to puke. and if massachusetts doesn't vote this woman in and instead puts Cosmo boy in again, they're a bunch of morons, too.
mollymullen1 2 months ago 3
Remember how the administration treated the indians, well welcome to the reservation palefaces
OsamaBinForgotten2 2 months ago
President Richard Nixon Tape #697-29
Nixon: “A majority of people in Colorado voted for abortion, I think a majority of people in Michigan are for abortion, I think in both cases, well, certainly in Michigan they will vote for it because they think that what’s going to be aborted generally are the little black bastards.”
Nixon Tape 700-10
Nixon: “… as I told you and we talked about it earlier, that a hell of a lot of people want to control all the Negro bastards.”
IconsOfTeleplay 2 months ago
U.S. soldiers are occupying & waging war in the nations of Iraq, Afghanistan, Libya, Pakistan & God knows where else. No declarations of war have been made as prescribed by the United States Constitution. ALL participants are guilty of treason. The "I-was-just-following-orders" defense didn't work at the Nuremberg show-trials of 1946-7 and it won't work now. U.S. commanders have routinely violated the Yamashita/Medina Standard in regards to hierarchical accountability in cases of war crimes.
IconsOfTeleplay 2 months ago
Lincoln on Slavery: "I have no purpose, directly or indirectly to interfere with the institution of slavery." --- March 14, 1861
"What I would most desire would be the separation of the white and black races." --- 7-17-1858, fr. a speech delivered in Springfield, Ill.
"I am not in favor of making voters or jurors of Negroes, or of qualifying them to hold office, nor to intermarry with white people." --- September 15, 1858
IconsOfTeleplay 2 months ago
Who were the counterparties?
scotchleaf 2 months ago
@scotchleaf Goldman Sachs, for one.
Seasass 2 months ago
Go Elizabeth Warren! The article "The Woman Who Knew Too Much" from Vanity Fair's November Issue brought me here. Please read for more information about this extraordinary woman :) Keep fighting the good fight Ms. Warren. Now I'm going out to move my money from Chase Bank to a local credit union.
Absolutely2277 2 months ago 3
This could only happen beacause America is a country full of monkeys and some very greedy snakes of mother**
ICUAT 2 months ago
She is too valuable to waste on the presidency. Elizabeth Warren for Supreme Court Justice.
TheYaddayadda 2 months ago 2
Warren for President, 2016!
pockomoth 2 months ago 2
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Allseeingeye2013 2 months ago
Geithner should have been tried for treason as a result of his actions during the bailouts! He is truly a sleazy human being who has repeatedly betrayed the public trust.
Fullagas 3 months ago 2
if Geithner was in Prof. Warren's bankruptcy class, she'd have already called on the rest of Congress with that answer. There should be firmer, more reasoned answers when taxpayers' money is on the line. Government officials should have a fiduciary duty to taxpayers the same as corporate executives have such an obligation to their shareholders. Blame corporations, banks, etc. but they're only doing what they exist to do: make a profit. It's our own representatives which have let us down.
mnloquercio 3 months ago
i really do hope americans will do something about these people.... but history has shown that they wont... CONFORM OR DIE
PhuckingPhreakAble 3 months ago
I do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; that I take this obligation freely, without any mental reservation or purpose of evasion; and that I will well and faithfully discharge the duties of the office on which I am about to enter: So help me God. NO ONW HONORS THEIR OATH OF OFFICE. Watch Agenda...it explains why America is failing.
possumpistol 3 months ago
He sounds like a shit salesman with a mouth full of samples.
rickyd0821 3 months ago
She just plain scares people. I would follow her into the gates of HELL!
Tebbek 3 months ago 2
Can't believe that last statement. He wants more protections for the "too big to fail banks" by giving them more protection or insurance against bad loans. That will just let the banks take more and larger risks, that the government will have to bail out. Who hired this guy?
videoeyez2 3 months ago
You think with all that money they would hire coaches to help them LIE a little better, lol!
PinkLederhosen 3 months ago
OMG!! Why can't we have more like her, Alan Grayson, Bernie Sanders, Sherrod Brown, Keith Ellison, Raul Grijalva, Donna Edwards, Karen Bass, Jan Schakowsky, Elijah Cummings, Richard Cordray, etc...
1bIgFaTsOnOfAbItCh 3 months ago
eeeeeeeewwwwwwwww....... I knew who Geithner was, but that's the first time I've ever seen him speak. I didn't realize what a creepy, oily little weasel he is. If you looked up "back-peddling ponce" in the dictionary.....
CarrieGraham1967 3 months ago
There's that sucking sound again.
ecotahoe 3 months ago
Too big to fail?
Too big to exist!
bbhihoney 3 months ago
That last remark is incredible, in the old sense meaning 'not to be believed'. Says Tim Geithner, the ONLY way to deal with banks which made colossal errors but which were so large their failure would have been catastrophic and so were made even larger through injections of tax payer monies and federally guaranteed mergers is to arrange things so as to make it easier to give those same banks more tax payer money in the future. No it isn't, you could break them up.
Faboba 3 months ago
He's not squirming but man is he spinning, what a bullshit artist.
Notecrusher 3 months ago
It's like an Angel questioning Satan's helper.
Elizabeth 2008
bozolazic 3 months ago
This has been flagged as spam show
AIG was bailed out to pay the NUMBER ONE BENEFICIARY GOLDMAN . Hank Paulson, CEO of Goldman Sachs, became Treasury Secretary and then sells $500 million Goldman stock TAX FREE. Paulson then pushed the AIG bailout to cover Goldman Sachs Credit Default Swaps (bets against the housing market) bought from AIG. watch?v=-hhPvas-Q8Y&feature=channel_video_title
TruthSeekingMissiles 3 months ago
Elizabeth i love lady plz run for pres
sukavuka 3 months ago
"The regime we came in with" ~ Timothy Geithner. Well that explains a lot. The whores hate Obama and they are purposely screwing our nation over!!!!
KayInMaine 3 months ago
Warren: Do you know if they spoke with any of the counter parties !?
Geithner: In what sense?
Warren: In any sense (You moron) !!!! lol
lostpebble 3 months ago 2
She's my hero! She gives me faith that good can prevail. We have been stripped of our savings and retirement funds.
SandraTCB 3 months ago
Wall Street thinks it's so fine, they won't tell the 99% where the money went. The pentagon "don't know where they spent the money at.
Bernanke and the federal reserve must go away. Why did Obama keep the people Bush put in place? There is no politician who will ask for accountability because they are in the pockets of "corporations" buying them. Go Warren.
lrinax 3 months ago
This guy, Geithner clearly doesn't know about what he is trying to speak!!!
STROBdotNET 3 months ago
she's HOT and she has a brain...,,.,
MrPaladin123 3 months ago
Of course, the real question isn't could she have pursued him more relentlessly (she probably could have if they'd allowed her more time), but why was Obama's Treasury secretary (and one of his main advisors) already on the hot seat 8 months after the Inauguration? Could it be the Obama was never the great populist hero that the people that voted for him thought he was?
ivelosthewilltolive 3 months ago
I'm not used to this. Two honest politicians her and Ron Paul that are not bought and paid for.
Genxrgonemad 3 months ago
Comment removed
HippieChips1 3 months ago
This video is the reason "Occupy Wall Street" makes sense.
Obama limited Warren's powers. Why? Perhaps becuase the financial institutions gave him more funding than Hillary and McCain combined (primary and general).
FreeRE1 3 months ago
Criminal. Lock him up. Lehman was the fall guy so they could say "see, look what happens if we allow a default.". Then the sheeple say "ahhh of course, do what ever you need to do, that was too scary. Take whatever you need from us". Then Timmy and Paulson loot the treasury and give it to their friends at GS. She did her best to expose him though.
CaptainObvious1970 3 months ago 2
yeah, I think is titled incorrectly. Though I think Elizabeth Warren is great, and I don't like Tim Geithner, I don't see him squirming
rtlfrds 3 months ago
@rtlfrds I agree. Obviously he'd rather be anyplace else, but she didn't ask many follow up questions. I've seen worse grillings on CourtTv...
ivelosthewilltolive 3 months ago
I don't get it... he didn't seem like he was squirming that much to me...
eze102 3 months ago 2
Geithner actually has those classic "shifty eyes" that we all have heard about. Unbelievable. "Yes we can!"
Yes we can, what? Maintain the status quo kleptocracy?
Bozo1360 3 months ago
Geithner is a national disgrace
kafirpigdog 3 months ago 4
VOTE WARREN 2012 FOR MASSACHUSETTS SENATOR! Obama wouldn't make her the head of the Consumer Financial Protection Bureau, the agency SHE built, but we can still get her into Congress!
evangelion10119 3 months ago 40
@evangelion10119 I may have to move to Massachusetts just to vote for her. She is a breath of fresh air.
JaegerandRoar 3 months ago 3
@evangelion10119 You can blame Obama for many things but it wasn't Obama who blocked her nomination, it was the Republicans in the Senate. They have, under no uncertain terms, made it explicitly clear that she would never see a nomination as long as the Republicans had any chance to block her nomination. In addition, the Republicans in the House and Senate have chosen to never recess, which effectively blocks Obama from doing a recess appointment.
InsuranceCIO 2 months ago 16
Elizabeth Warren President !!
Ouarza62 3 months ago 47
Tim Geithner=Schooled!
bluesboy25000 3 months ago
Geither has no point and is an ignorant political failure.
AIG "had no choice" but to uphold their contract - but of course it's completely different for unions who also have a contract.
Of course .gov could have paid 30 cents on the dollar or less -- they were the only customer. They had (and have) monopsony power. TARP was not essential - never was, never will be.
The only thing essential TARP did was continue the outlandishly-sized banker bonuses.
bigbuck623 3 months ago
Any chance she can skip Massachusetts and run for US President in 2012? Darn.
mtflesruoytsacdaorb 3 months ago 4
Geithner has a point, but so does Warren. They are both right, they really are. But Warren is getting to the heart of things.
I don't blame anyone for the TARP bailout (only for the necessity of it, of course). Letting our financial system collapse would have made things far, far worse for EVERYONE. But the fact is, we bailed out the banking industry and it was only the bankers who really benefited. And now they act like they're being persecuted (and they're resisting reforms like crazy).
Willam2 3 months ago 2
@Willam2 IF indeed we SHOULD have bailed them out ( and I ;m not sure I agree with that at all ) , but for the sake of argument, since we did , that bailout $ should have had more strings attached than a puppet does . None of that $ should have gone for bonuses , CEO salaries and there should have been a re-payment plan signed befoer they received a penny . Personally ,I think everyone at AIG should be in jail serving time , rather than getting millions to party with on our dime .
doogleandalix 3 months ago 2
Geithner is a paid stooge who has failed at every job he has ever had.
phlashba 3 months ago 3
@phlashba Makes for a good republican.
DocWyoming 3 months ago
if we hadnt bailed out aig there woulda been a panic from the pension funds that lent money to companies that used aig's double a rating and the retirement fund of a lot of people woulda been wiped out. geithner did what he had to do to keep investors calm and part of that is telling people that the government wont let aig default on the loans they insured. warren should already know this. shes just trying to pin geithner with a gotcha question.
Nurfthug 3 months ago
All that matters in the end are results: behaviors and how we react to those behaviors. It's not your position to deem someone as a "control freak" or not. Criticizing intangible qualities is an exercise in futility. So very misguided. Also, does your reactive labeling, "control freak," not betray your own psychological underpinnings? It totally does, but hey, I don't care. I criticized what you said and not what I think you are, which is, if you were curious, ridiculous. *drops mic*
sparkletron3 3 months ago
"Safer for future failure" They have the system rigged so they can take advantage of the up and down swings. If you're not on board their ship, oh well!
MrAmbrister 3 months ago
This comment has received too many negative votes show
Elizabeth Warren is an academic with zero practical life experience. This country's economy is being choked to death by similar contol-freak regulators. Her personality was traumatized when her father had a heart attack during her childhood and the family's economic plight was severely stressed. She has been acting out her anxieties ever since and seeking to externalize these by controling others.
janelasdedeus 3 months ago
@janelasdedeus Wow, armchair psychology –> amateur political analysis! Opinions, are one thing, but it does not help your case to contort two (2) isolated details you happen to know about someone's youth to judge whether or not they are competent politicians.
Pro tip: criticize someone for their rhetoric and actions, not irrelevant trivia.
sparkletron3 3 months ago
@sparkletron3 As human beings, our policy postions are nothing more than expressions of our underlying psychology. This country's economy is presently being smothered by personailities who are severe control freaks. This is the real issue... not the specific form of their efforts to deal with personal anxieties by controlling others.
janelasdedeus 3 months ago
@janelasdedeus Yeah that's right. As an academic of course, she is removed from such petty things as breathing, paying taxes, and shopping for groceries. Raising two children has obviously been much easier for her for the same reason. Obviously that waitressing she did as a kid because of her dad's illness...that wasn't real life either. And worst of all is the area she teaches in - that arcane fantasy that is bankruptcy law! I mean come on, could this woman live any less in the real world?!
byroniczero