TYT: Will Geithner & Summers Continue To Protect Bankers Over Taxpayers?

[ihavenobias]

Run time: 05:51 https://www.youtube.com/watch?v=OnmTx8jFO9I   Posted on YouTube: March 19, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: March 19, 2009 By DU Member: ihavenobias Views on DU: 699

 


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[pleah]

1. K&R IMO they should never have been put in those positions of power in the first place!

Regulations in the very first bill should have been the highest priority!

[ProfessorPlum]

2. K&R I, like Cenk, eagerly await the new regulations

less jaw, jaw, more law, law!

[phantom power]

3. It has to be both Obama *and* the Dem caucus that "get it."

Obama can and should set the tone with some actual legislation, but only congress can make it law.

[florida08]

4. absolutely

This strategy of blame Dodd for the insertion of the date is just one example. Dodd had put in strong language to NOT allow these bonuses to go forward but at the behest of Geithner and Summers it was taken out. And we have to assume Obama as well. He was right to say the buck stops with him. He keeps this up and his numbers and mandate will disappear. For Obama to come out and criticize AIG for doing what was deemed legal by him is disingenuous. He's starting to sound like Greenspan who claimed the markets would regulate themselves. I voted for President Obama but he's got to do better than this.

"Senator Dodd’s original executive compensation amendment adopted by the Senate did not include an exemption for existing contracts that provided for these types of bonuses. Because of negotiations with the Treasury Department and the bill Conferees, several modifications were made, including adding the exemption, to ensure that some bonus restrictions would be included in the final stimulus bill."


http://www.salon.com/opinion/greenwald/2009/03/17/dodd/index.html

[OhioChick]

5. K&R

:kick:

[aldo]

6. Geithner should be arrested along with Paulson, Bernanke and the CEO of Goldman Sachs

The AIG bailout was a scam, start to finish, designed to payoff the counterparties (Goldman Sachs predominant). Since it is a well known insurance company AIG is better regarded by the taxpayers/voters (read suckers). The counterparties are being paid off at full value for their side bets (derivatives). They don't care about the economy. Summers should be fired. Obama should wake up.