Mr. Geither tried to GLOSS OVER the issues that criticism raises by stating the people of the USA 'have a condition.' They have been mistreated and victimized (my words not his) and therefore there is 'an issue with trust.'
Really, Mr. Geither. How do you spell that guy's name anyway? I feel like he should be on indictment along with Bush, Paulson and Cheney. Let me get it.
It would seem as though I forgot the N. Geithner. So, Mr. Geithner is now the psychoanalyist for the American people, how conforting is that?
I don't believe it is the American people that need to have their heads examined either !
...All correspondence with me will be kept confidential. Your identity will be protected and you will decide to what extent you wish to participate in telling the greatest crime story ever told....
...John Rathjen, president of Liberty Bank in Waterloo, agreed it was too early to judge the plan as "a good deal or a bad deal." (click here)
"They have to work out the fine details," he said. "I think the question is how do you evaluate the assets and how do you create a market for those assets so they can be traded?"...
Nobody knows what Geithner is talking about. Presidents of local banks aren't even as concerned about their LOCAL customers as they are their international customers. What does that tell you? Is this a fiscal policy to CORRECT the issues within THE BORDERS of the USA with USA money?
Absolutely not !
..."We have customers that do business on a national scale and even some who do business on a local scale that are impacted by the fact that people's net worth has been affected. Everybody has been impacted by this downturn."...
I think we need to continue to focus on returning jobs to Americans and throw the 'baby out with the bathwater.' Wall Street did NOTHING to protect America or any international partners. There needs to be an accounting. We need to demand a complete disclosure of all that has occurred in the collapse of the markets globally.
THEY WERE DEPLETED BY 50% WITHIN A YEAR.
And when exactly did the 'Bailout become an Emergency?' At the end of Bush's second term in office, after he demanded a $2 Trillion overhaul of Social Security immediately after his election of 2004.
Something stinks here. We don't have all the facts AND the American people aren't morons to come to understand the intricacies of markets.
I demand the truth and prosecution for those responsible for 'scamming' the country and destroying its fiscal credibility !
There is no way that Geithner will be turning the USA Treasury into his own private bank that he states 'yea' or 'nay' to as Treasury Secretary. Nobody elected him Treasury God !
Before Geithner failed there was Bush, Cheney and Paulson.
Geither Failed (click here)
11 Feb, 2009 @ 04:09 am EST
Securities Loan Facility along with inventing a Public Private Investment Fund.
The start of Geithner speech was that the economy is in serious need for solutions that could stimulate the economic activity, where jobs must be created once again especially after the world witnessed more than 2.6 million jobs terminated in only twelve months fortifying fears of citizens living in the United States.
The Public Private Investment Fund would be used to cushion the financial system and provide credit to businesses, which is an attempt to revive the economy from the endless failures that would push the United States in a mini depression; this fund will start with $500 billion that might be expanded to $1 trillion if needed....
