New kind of capitalism

this is from the charlie rose show

Category:

News & Politics

Tags:

• capitalism
• obama

[kneedragginfool]

It's insane that this asshat is in charge of TRILLIONS of dollars of OUR money. Insane. Just fucking insane.

[caraclaudel]

What's the relationship between Timothy Geithner and Barack Obama?

I've read that Timothy's father, Peter Geithner, used to head the Ford Foundation's Indonesian regions micro-finance program, for which Obama's mother, Stanley Ann Dunham / Ann Soetoro / S. Ann Sutoro was a director.

The Ford Foundation is one of the biggest funders of far-Left causes.

The far Left believes in totalitarian socialism and that America should be brought down a few notches, as it's too rich and powerful.

Scary.

[Jedmo65]

Sorry we dont believe in obama land.

[JCRReality]

YOU are the very reason we are in this mess you TAX DOLLAR THIEVING BASTARD ! YOU AND THE LIBERAL DEMS BARNEY FRANK, PELOSI,OBUMER GIVE OUR TAX DOLLARS TO A BUNCH OF NO WORKING WANNA BE'S THAT NEVER,NEVER SHOULD HAVE BEEN GIVEN A LOAN.

[abcdelight]

Our system wasn't "designed" to sustain idiots who force financial ventures to ignore sound business principles to satisfy socialist meddling. Get these turkeys out of the way and the "resilience" this guy laments would come back. It would be cheaper and vastly more invigorating to suspend taxes for a year than to assume this stupid debt to finance Obama's weird and radical agenda

[EncompassedRunner]

fascinating isn't it, I'd also be interested in learning of Geithner's work with or involvement re: Pakistan (where Obama's mother also worked in banking)

[vllmer]

NYT article, 3/11, 1999:

"In July, the Department of Housing and Urban Development proposed that by the year 2001, 50 percent of Fannie Mae's and Freddie Mac's portfolio be made up of loans to low and moderate-income borrowers. (...)

The change in policy also comes at the same time that HUD is investigating allegations of racial discrimination in the automated underwriting systems used by Fannie Mae and Freddie Mac to determine the credit-worthiness of credit applicants."

We were warned then.

[manusaini666]

saj646,

freddie and fannie are GSEs,, "GOVERNMENT" sponsored enterprise. Government being the operative word.

[saj646]

Also, was it Government that created Fannie and Freddie ? And now I am supposed to believe this load

[DMitchVA]

Gov't, Gov't, Gov't - that's all this administration dishes out. Gov't needs to get the hell out of the way and decrease regulation & taxes, otherwise we're going to keep spiraling down. Every time this guy speaks the market drops.

[saj646]

This man is a BOOOOB. What the hell is he talking about. There are two reasons why this thing collapsed. Credit Swaps and Naked Short Selling . The short selling was a regulation on the books that has not been enforced for a long time. This man is an IDIOT ..not very complicated guys. What the hell are you going to regulate ASS, hell you cannot even regulate MADOFF when he was requested to be investigated under both democrat and republican administrations .. WAKE UP PEOPLE..