The spike down to 1056 today in the SP500 was related to bank trading desks (who says their trading desks are benign, remember this day when they report Q2 earnings and so-called trading profits in July 2010 and when future crisis arise) unwinding their overleveraged positions. They (the banks) really are jackasses with regard to [...]
Entries Tagged as 'Geithner'
Stock Market is Already in Recovery Mode After Spectacular One Day Banking Chicanery Wipe Out, Oscilating now between 2009 yr close at 1111 and 2009 year high at 1128
May 6th, 2010 · No Comments
Tags: Geithner · US Treasury · Yves Smith Naked Capitalism · banksters
Paul Kanjorski claims “we would not be sitting here today” if we didn’t save the economy from “total annihilation and disaster”
January 27th, 2010 · No Comments
John Bougearel
So, it would appear that these hearings on Geithner’s role in the AIG bailout and tampering of disclosure documents is being used to craft a message to the public that it was only through the heroic actions of our policymakers at the height of the crisis that we are still here today.
Kanjorski closed his [...]
Tags: AIG · Federal Reserve · Geithner
Fannie Mae and Freddie Mac Were Too Powerful To Regulate Taxpayers on hook for more than $400 billion
December 31st, 2009 · No Comments
Former general counsel at the US Treasury Peter Wallison said that Fannie Mae and Freddie Mac were too powerful to regulate. The US Treasury is now going to provide unlimited support to these agencies for the next three years. This is one solution to Mr. Geithner’s “Nunca Mas” policy to do whatever it takes to [...]
Tags: Geithner · US Treasury
Obama Says, “We don’t have enough public dollars” …to create jobs
December 3rd, 2009 · No Comments
by John Bougearel
At today’s December 3 2009 jobs forum with business leaders, Obama confessed “We don’t have enough public dollars to fill the hole of private dollars that was created as a consequence of the crisis.” Translated, the administration wasted all the public dollars saving the private sector (read banks, GSE’s and insurance companies) that [...]
Tags: Geithner · jobs · obama · stock mkt · unemployment
Geitner’s Plan is an Obama-nation to Americans
March 22nd, 2009 · No Comments
by John Bougearel ~ author of Riding the Storm Out
“We’re going to move quickly to lay out a new financing program to deal with these legacy assets,” Geithner said in an interview with Bloomberg television at a meeting of Group of 20 finance ministers in Horsham, England, last weekend. “We have and expect to see [...]
Tags: AIG · Barry Ritholtz · Geithner · US Treasury · Yves Smith Naked Capitalism · citigroup · obama
Geithner has a record of being a failure at every step of his career
January 30th, 1999 · No Comments
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download The Andromeda Strain That is what Bill Black says. He adds that Citigroup is “a bank that desparately needs to be broken up. ”
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