Here, Secretary of Treasury Timothy F. Geithner speaks with Charlie Rose at the SIFMA annual meeting in New York.
Geithner says “the basic frustration Americans feel about the mess we are in and how basic unfair it is… is completely understandable they deserve to feel that way… you know it’s a stunning tragic failure”
Who’s failure??? Was it the President of the NY Fed charged with oversite of the NYSE? Or was it the current Treasury Secretaries advisor? Former Sec. Paulson?
Or the ties to Goldman Sachs, the Council on Foreign Relations or the Partnership for New York City?
Did you watch the video and and see Geithner’s outrage and understanding tone as he makes it clear that “broad financial reform” will be done and we can not “leave in place” the systems (Read: Geithner/Paulson) that allowed this to happen…
Here is an example of the broad reforms coming…
The Obama administration on Monday was moving to toughen its strategy on financial firms seen as “too big to fail,” with a new proposal expected in days to restrict bailouts and shut down large distressed firms.
An administration official said the new proposal to Congress would let the government seize control, force shareholders to bear losses, remove management, and restructure debts at non-bank financial firms whose failure could threaten the banking system and economy.
Obama readies tougher ‘too big to fail’ strategy | Business News | Reuters.
Can’t happen? Remember Chrysler and GM? See this post “Obama Chrysler Bankruptcy Exposed”
Do a little homework on Geithner like visit http://www.muckety.com/Timothy-F-Geithner/2158.muckety (see below)
You will find he is and has been at the core of the economic mess we are in and he has been in a position of policy making power…
Other current Timothy F. Geithner relationships:
Timothy F. Geithner past relationships:
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