Elizabeth Warren Makes Timmy Geithner Squirm Over AIG and Goldman Sachs Bailouts

We know where Elizabeth Warren was going with the line of questioning and it was about the 13 billion dollars Goldman Sachs got out the back door of AIG.
The question to Timmy was; "Do you know where the money went?" The question was not sufficiently answerd.
Goldman Sachs and others were not mentioned specifically but Elizabeth framed the question so perfectly as to leave no doubt as to who benefited 100 cents on the dollar from the tax payer on AIG's counter party risk.

Category:

Entertainment

Tags:

• Elezabeth
• Warren
• Goldman
• Sachs
• AIG
• Timothy
• Geithner
• Bailouts

[lushfauna]

She could run for Prez-  When are the hearings to lock up these pricks

[cordelia312]

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.

[TheWhyareyouracist]

5 DISLIKES = GOLDMAN SACH1, BUSH2,CHENEY3,BERNANKE4,zionis­t jew 5 DAMNNNN FEMA SHOULD BE MaDE FOR U FUCKS

[mattyk24680]

@cordelia312

You rein them in by letting them fail. If they know that becoming insolvent means the failure of the bank, they will not treat investment banking like a casino by taking unlimited risk. This all could have been avoided if there was a law passed requiring AIG to have to keep reserves for each swap they insure in the event that they have to pay out on the claim.

[v3rst3ckt]

@SevenThunderful "Obama increased the deficit by more than the sum total of all prior presidents."

God, this again? Yawn.

[wayne17700]

mr giethner you sir are a lying hypocrite and you should be in jail what about putting innocent

people out on the street with your crooked default scheme

[marilynr46]

I hear that, if Obama gets reelected, he's going to ask for Geithner's resignation. THANK GOD!!! He did nothing to stabilize the regular economy. He just made sure his friends got reimbursed for their losses, via the US Taxpayer.

[whereareyou222]

Geithner you piece of garbage liar, reforms were in place, it was you your banksters and lobbiests that destroyed starting with Glass Stiegall with Bill Clinton eliminating it that made your banksters audited and follow banking ethics. And it was your banksters and bookies that created all the defaulted derivative packages not the private sector whom you blame to pay for it. You should be thrown to the wolves you thief!

[perlaand]

@Kallindril Yes, he's quite a shoplifter except he's more dangerous.

[Kallindril]

Geithner has the face and the eyes of a shoplifter.

[dcmann2112]

Geithner Owned! bye bye

[SevenThunderful]

@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.