Tiny Tim Geithner-Lame Duck-Here Comes Tarp Gate
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@blt40 If you really want him gone, I've got dirt on him. See my featured video. I'd be happy to provide you and your friends with evidence, which you could then take to your local FBI office.
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@blt40 I've got dirt on him. See my featured video and tell your friends and family.
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Obama is a thief He works with Goldman and Sachs and they are ruining not only America, but the whole world! "tiny" Tim Geithner Is Obama's Right hand man he runs the treasury and works for Goldman Sachs."IMPEACH OBAMA!" They Are Breaking the law!
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It has nothing to do with greed. Greed has always been in human nature and always will be. Government(s) took the risk out of capitalism for some companies, who wouldn't gamble if government guarantees they will back you up?
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If greed caused it, then how come the world isn't in a non-stop depression forever?
And no, American didn't become great because of government interventions. The regulations often praised only worked because people could actually afford to pay for them (like putting kids in school for example).
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This financial / economic crisis was caused by greed on a grand scale. And very likely to get worse, as greed tends to do.
Regulation doesn't help. You can't legislate morality. You can't make greedy people not be greedy.
America didn't become great because of the Constitution. America became great because of honest caring people, at all levels of government.
America is dying because there are no honest caring people in government anymore, at any level.
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kanechi100: in another word, there is no point in blaming the deregulation under Clinton for today's financial problem. The subprime / banking crisis has more to do with the Fed's easy credit policy. The impending dollar collapse is a consequence of bad monetary and fiscal policies (welfare & warfare statism) since LBJ + all the actions the Fed and Obamao are taking now.
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kanechi100: by the time Glass Steagall Act was repealed, most banks already found ways to circumvent the law. The regulation was not a good one to begin with, but the important thing to remember is that all those regulations are created by lawyers and politicians who don't know any better. The market will find a way to go around it soon. The most aggressive sponsor and only benefactor of the repeal likewise was Citibank who is in a coma now.
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to run monetary policy, why(on earth) we would choose a bunch of private bankers and then expect them to do what was best for the country instead of what's best for them.
Geithner must resign.
blt40 2 years ago 6
all these guys were saying the fed was honorable and should be blindly trusted. These journalists are not to be trusted.
scottrex33 2 years ago 4