2008 NY Fed advice puts skids under Treasury Secretary Geithner
Published: 08 January, 2010, 20:29
Edited: 14 January, 2010, 03:35
Emails obtained by Congressman Darrell Issa suggest the New York Federal Reserve told insurance giant AIG not to disclose details about its bank payments during the 2008 financial meltdown.
Geithner has destroyed all credibility of the FED and the current administration has lost all relevance. The elected office holders have fallen into lock step with the wall street fraud and corrupt bailouts crowd. Americans are starting to ask: "WHO CAN YOU TRUST" when they are being betrayed at every level of government. The office holders chose to give trillions to the thieves, but refused to give the senior citizens their little annual social security raise this year. The people on social security are not wealthy enough to donate huge sums of money to office holders like the rich special interest crooks. This is why the crooks get the political favors and laws that keep them rich, at the expense of working Americans. Political operatives continue to wear their blinders and reap huge rewards in this political whoredom. At the same time, citizens are being swindled out of trillions of dollars. They try to label this corruption as "DEMOCRACY".










A lot of people on the financial blogosphere have been dissing the NY Fed and Geithner for several years. He has long had a "too-close" relationship with Wall Street. I wondered, when he was nominated for the Treasury post, if Obama actually knew and condoned the hanky-panky in the NY Fed, or if Geithner was forced on Obama as part of the "deal" in order to get financial backing for the presidential election. Geithner should just resign. He is damaged goods and is hurting the reputation of this administration.