Tim Geithner Not to Be Confused with a Banker

more at cspan.org

April 21, 2009

Category:

News & Politics

Tags:

• Geithner
• Silvers
• Sununu

[Nihawmah]

you are over-reacting.

It's almost embarassing to listen to you.

[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.

[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!!!!!

[treon123456]

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

[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!

[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.

[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]

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.

[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

[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]

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]

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.