Treas. Sec Geithner Faces Poss. Criminal Charges
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As we are distracted to focus on the Obama's State of the Union "words", yesterday there was an important hearing questioning the 'actions' of his Treasury Sec Geithner. When head of the New York FED, Geithner reportedly advised AIG not to disclose pertinent information to the US government in order to receive bailout funds.
In emails received by Rep Darrel Isa, R-CA: It appears that the New York Fed deliberately pressured AIG to restrict and delay the disclosure of important information, said Issa, a California Republican. Taxpayers deserve full and complete disclosure under our nations securities laws, not the withholding of politically inconvenient information. See http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=AIG%3AUS&sid=a...
AIG has received and estimated $182.3 billion in Bailout funds. They then transferred $12.9 billion of that to Goldman Sachs, who's former officers including former Treasury Sec Hank Paulson, have permeated our government, repaying them 100 cents on the dollar with taxpayer funds. Geithner insists he new nothing of the transaction. Now Goldman is paying huge bonuses to its employees as the American people suffer in this Banker originated economic fiasco.
Goldman Sachs also announced its bonus pool on Thursday. At $16.2 billion, the total is 20 percent lower than the firm's 2007 level but still amounts to an average of just under $500,000 per employee. From: http://www.csmonitor.com/Money/2010/0121/Top-10-ways-to-spend-a-Goldman-Sachs...
Henry Paulson former Treasury Sec. under G W Bush and former Goldman CEO was questioned as to how he would have had no knowledge of the bailout funds transfer to Goldman.
Goldman bought credit protection exclusively from AIG.
Like its peers, Goldman underwrote billions of dollars of toxic securities known as subprime collateralized debt objections, or CDOs, and simultaneously bought credit protection on those CDOs in the form of credit default swaps. But Goldman was unique in that it only bought protection from AIG Financial Products, or AIGFP, and no one else. Under normal standards of risk management, this approach is imprudent; a bank should diversify its risk exposures whenever it can. Given that AIG was Goldman's biggest client, and that the CDO exposure at AIG was a huge part of Goldman's equity base, it's inconceivable that Hank Paulson, Goldman's CEO until June 2006, would not have been regularly briefed on this matter.
From Openers.com http://www.opednews.com/articles/How-Paulson-s-People-Collu-by-David-Fiderer-...
Obama's Justice Department and the Congress are now aware of this Wall Steet sweetheart deal. They have a duty to the American people to pursue this corruption and recover the bailout funds.
If this makes you angry, CALL your Senators and tell them we are watching this thievery by bankers of our tax money through the Sec. of Treasury and the Federal Reserve. FED chairman Bernanke, who in testimony refused to tell Congress who actually received bailout funds, should not be reappointed. It's time for Congress to retake the reins, investigate the Treasury Dept. and conduct a complete audit of the too private Federal Reserve.
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Elizabeth Warren to Geithner It's called accountability! (4.29.09)by KendeSilva1,027 views
last week they save the world, this week he is in orange suit. next week he will be times man of the year.
SGDeGalvez 1 year ago
just send him to jail and tell him its life if he doesnt give up every1 whom he is invoved.... reco case!
lastpoet1 1 year ago
I do not know how, to whom, and I liked it
helppreparationtaxde 2 years ago
Judge Napit-o for President. The man has character, integrity,determination, focus, vision, Plus, i think he's probably just a nice guy to be around. Here's to the Judge! His gavel bats 400 in my park anyhow.
rutherfordbhave138 2 years ago