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The Video That Will Put Geithner Behind Bars | | AlterNet



The Smirking Chimp / By Mike Whitney

The Video That Will Put Geithner Behind Bars

http://www.alternet.org/story/...eithner_behind_bars_

The NY Fed, and likely Geithner himself, undermined, perhaps even violated, laws designed to protect investors and markets.
March 13, 2010 |

Photo Credit: White House

You gotta see this! If this doesn't convince you that Timothy Geithner knew about the securities shenanigans that were going on at Lehman, than I don't know what will.
Keep in mind, that Geithner ran Lehman through 3 "stress tests" prior to bankruptcy; all of which Lehman failed, and yet, nothing was done. Anton R. Valukas--the examiner who wrote the 2,200 page investigative-report which was released on Thursday-- has provided plenty of information detailing Lehman's “materially misleading” accounting and “actionable balance sheet manipulation.”

In other words, they cooked the books.

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Why would you want Geithner in jail?

You want to nationalize the banks. By doing so, it means someone like Geithner will run every bank in the country.

You have enough trust in the government that you are willing to give up your freedom to choose which bank you do business with and allow all the banks to be controlled by folks like Geithner. Yet, they do something crooked and you want them thrown in jail.

That's like leaving a steak in front of your dog and getting mad when he eats it. The solution is to simply keep your steak.

That's why our founding fathers wanted a limited federal government, established a checks and balances system, and gave citizens the right to choose who will lead. They knew back then that power corrupts people. They established a country where the citizens actually have power and the country flourished.

Yet, for some reason people have forgotten that today. They are willing to give up their freedom so that the government will take care of them. Well Pogo, your story is an example of why that's dangerous. Do you see it now?
Geithner has had two problems from the start...First, he had a "deer in the headlights look" when he took over and, second, he has never been able to put anything into "layman's terms" regarding our financial quandary. I learned, a long time ago, the old story about how well somebody knows something technical; if they can put it in "layman's terms" (where average people can understand it), they know their subject. Geithner can't....
quote:
Geithner knew about the scam and was head of the NY Fed. The video is short and explains how they pulled a scam, continue to do so today, and Geithner knew.


Which proves my point. (if the claim is true, info from alternet doesn't guarantee accuracy)

On one side you want to nationalize the banks. On the other you criticize Geithner for being crooked. Why do you want to give crooked people more power and give up a part of your own freedom? Do you see the hypocrisy in this yet?

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