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spiritual_gunfighter Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-10-10 12:07 PM
Original message
TYT: Tim Geithner Tried to Cover Up Money Going to Top Banks
 
Run time: 08:59
https://www.youtube.com/watch?v=kHODjoSb2ao
 
Posted on YouTube: January 08, 2010
By YouTube Member:
Views on YouTube: 0
 
Posted on DU: January 10, 2010
By DU Member: spiritual_gunfighter
Views on DU: 3160
 
I love the way Cenk breaks down what happened between Geithner and AIG in an easy to understand way. He is really great at doing that. He makes a very important point in this video, many progressives are balking at this story because the person that uncovered it was Darrell Issa (R Calif.). The point he makes and I agree with is the facts are the facts regardless of who the source of the story is. It is probably true that Issa is trying to use this to discredit the Obama administration. But maybe in this case it needs to be.
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icnorth Donating Member (954 posts) Send PM | Profile | Ignore Sun Jan-10-10 12:46 PM
Response to Original message
1. Cenk says Tim Geithner is living in the wrong bubble
and he may not be a bad guy. Cenk, the minute T.G. decides to reallocate public money to the private purse in exchange for worthless securities then he is at best incompetent. If he tells the recipients he will give them 100 cents on the dollar for securities that he knows will crash and burn then he is a shyster. If he further tells the recipients not to disclose these facts to the public because they are indefensible he may not be a bad guy in your book but as for me he's a crook.
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HowHasItComeToThis Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-11-10 12:04 AM
Response to Reply #1
22. HEY CENK, BEWARE OF ISSA, HE IS TRULY A SNAKE
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midnight Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-10-10 12:57 PM
Response to Original message
2. k&R. This is so important for understanding why the money for bailing out the
American Mortgages are just as important as the foreign banks..... Because if my tax dollars can be used to help out foreign banks they sure as heck be use to bail out Americans who were sold these junk loans by predators who created them to fail....
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democracy1st Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-10-10 01:11 PM
Response to Original message
3. K & R
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ejbr Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-10-10 01:21 PM
Response to Original message
4. k & r n/t
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ihavenobias Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-10-10 01:23 PM
Response to Original message
5. K & R
Edited on Sun Jan-10-10 01:24 PM by ihavenobias
Vote for TYT once every day through January 15th 2010 at :

1. Use the drop down box to select Best News or Politics Web Series

2. For Series Name enter The Young Turks

3. For Series URL enter www.theyoungturks.com

Note: Only ONE vote per IP address per day. If you live with someone who wants to vote, please encourage her/him/them to vote at work, school or a friend's house (only once per day). Also, it's optional to log-in to your Twitter account before you vote so that your nomination will post on your page.
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pleah Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-10-10 03:27 PM
Response to Original message
6. K&R
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ChiciB1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-10-10 04:40 PM
Response to Original message
7. The The Drum Beat Goes On!! Tell Me WHEN Or WHY I Should Keep
supporting these decisions made by the Obama Administration?? Almost not a day goes by that SOMETHING ELSE pops up, and yet the people who are being blamed for being the "bad guys" are those of us who see crap and call it crap! As Cenk says, no matter who found this out, it SHOULD NOT matter! Issa is a snake when it comes to pointing fingers, and is one who constantly is carping about Democrats, but in the end the blame goes to Obama et al!

So, here I sit just typing away and I keep wondering why "we the people" just can't get really MAD AS HELL and basically REVOLT!!

However, I do realize that it takes a massive coming together to voice our opinion in a large way and too many people just don't know where or how to do it! I know I don't, but I most certainly would join in if "something" got started. I don't see anything happening so we'll just have to eat more s--t and like it!

Kind of like, the more I know the more I don't like, but what can I do??
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Why Syzygy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-10-10 05:54 PM
Response to Reply #7
8. I think
the revolt will fully manifest when they lock down the Internet. The revolt has already begun but is not highly visible.
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izquierdista Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-10-10 06:14 PM
Response to Reply #8
9. Lock it down?
Oh no, they'll never do that. Keeps all the factions busy blogging and twittering to themselves, accomplishing nothing. If they didn't have the internet, then the disaffected public would have to resort to torches and pitchforks.
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blueknight Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-10-10 06:16 PM
Response to Reply #9
10. say goodbye barack
one term president
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Why Syzygy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-11-10 12:53 AM
Response to Reply #9
23. Exactly.
It still won't surprise me to see it happen eventually. That is the ONE thing that will send people into the streets.
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Divine Discontent Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-10-10 07:15 PM
Response to Reply #7
13. because those that support so strongly don't give a damned about these offenses - or they ignore 'em
sad, but true.

I have already stated I will not vote for Barack Obama, let alone work to promote him (I sold a lot of cool designed stuff, because I believed in him and wouldn't support with my creativity anyone I didn't like, and I won't do it again against whomever he faces). I will support Democratic candidates locally (I am in Grayson's district!), but due to the bloodshed and death in Afghanistan, especially, then his little effort on the part of GLBT people, and his corporate tinged economic policies, there's no way I'd vote for him.
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bfarq Donating Member (108 posts) Send PM | Profile | Ignore Sun Jan-10-10 06:44 PM
Response to Original message
11. Why is this not Obstruction of Justice?
Why is this not in front of a Grand Jury?

Don't talk to me about firing this guy. He and anybody else involved in that cover-up should be in jail.
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pjt7 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-10-10 07:08 PM
Response to Reply #11
12. Go to jail go straight to jail
Obama has to man-up on this & save his Presidentcy & in some very large reality our Country.
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bfarq Donating Member (108 posts) Send PM | Profile | Ignore Sun Jan-10-10 07:17 PM
Response to Reply #12
14. Firing him is not the answer
There are 1000 more just like him that could take his place. He is just doing the bidding of the overlords.

The only way to fix the system is to put some real disincentives in place -- and jail time for Timmy would be a really good place to start.
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scentopine Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-10-10 09:48 PM
Response to Reply #14
20. Maybe chop off his headand put it on a pike as a warning to the others...?
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scentopine Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-10-10 09:47 PM
Response to Reply #11
19. They don't even go after torture and a war based on lies...
the democratic leadership consists of unprincipled cowards.
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bfarq Donating Member (108 posts) Send PM | Profile | Ignore Sun Jan-10-10 09:57 PM
Response to Reply #19
21. More like co-conspirators
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LBJDemocrat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-10-10 07:18 PM
Response to Original message
15. I can't recommend this strongly enough. K&R nt
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Divine Discontent Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-10-10 07:34 PM
Response to Original message
16. KKKKKKKKKKK&RRRRRRRR - anyone not seeing this I feel REALLY sorry for.
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big david Donating Member (31 posts) Send PM | Profile | Ignore Sun Jan-10-10 07:57 PM
Response to Original message
17. what else
will it take for everyone to finally understand that all of the obama supporters have been hoodwinked by this articulate orator in sheeps clothing.
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theFrankFactor Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-10-10 08:28 PM
Response to Original message
18. Excellent! K&R
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flyarm Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-11-10 04:05 AM
Response to Original message
24. Geithner / Kissinger


Shortly after taking office..Obama asked Henry Kissinger..knick name.."The Butcher of Cambodia"..to represent his administration in Talks with Russia..

lets look as some serious connections here of Geithner , Kissinger and Obama...shall we..( edit to add: much of this i have posted many times in the past.)


TIMOTHY GEITHNER

Biography

Early life and education
Geithner was born in Brooklyn, New York.<2> He spent most of his childhood living outside the United States, including present-day Zimbabwe, Zambia, India and Thailand, where he completed high school at International School Bangkok.<3> He then attended Dartmouth College, graduating with a B.A. in government and Asian studies in 1983.<4> He earned an M.A. in international economics and East Asian studies from Johns Hopkins University's School of Advanced International Studies in 1985.<4><5> He has studied Chinese<4> and Japanese.<6>

Geithner's paternal grandfather, Paul Herman Geithner (1902–1972), emigrated with his parents from the German town of Zeulenroda to Philadelphia, Pennsylvania in 1908.<7> His father, Peter F. Geithner, is the director of the Asia program at the Ford Foundation in New York.

During the early 1980s, Peter Geithner oversaw the Ford Foundation's microfinance programs in Indonesia being developed by S. Ann Dunham-Soetoro, President Barack Obama's mother, and they met in person at least once.<8>

Timothy Geithner's mother, Deborah Moore Geithner, is a pianist and piano teacher in Larchmont, New York where his parents currently reside. Geithner's maternal grandfather, Charles F. Moore, was an adviser to President Dwight D. Eisenhower and served as a vice president of Ford Motor Company.

Early career

After completing his studies,

Geithner worked for Kissinger and Associates in Washington, D.C., for three years and then joined the International Affairs division of the U.S. Treasury Department in 1988.

He went on to serve as an attaché at the US Embassy in Tokyo. He was deputy assistant secretary for international monetary and financial policy (1995–1996), senior deputy assistant secretary for international affairs (1996-1997), assistant secretary for international affairs (1997–1998).<5>

He was Under Secretary of the Treasury for International Affairs (1998–2001) under Treasury Secretaries Robert Rubin and Lawrence Summers.<5> Summers was his mentor,<10><11> but other sources call him a Rubin protégé.<11><12><13>



In 2002 he left the Treasury to join the Council on Foreign Relations as a Senior Fellow in the International Economics department.<14> He was director of the Policy Development and Review Department (2001-2003) at the International Monetary Fund.<5>


In October 2003, he was named president of the Federal Reserve Bank of New York.<15> His salary in 2007 was $398,200.<16> Once at the New York Fed, he became Vice Chairman of the Federal Open Market Committee component. In 2006, he also became a member of the Washington-based financial advisory body, the Group of Thirty.<17>


xxxxxxxxxxxxxxxxxxxxxxxxxx

Timmy's dad :


Peter F. Geithner, is the director of the Asia program at the Ford Foundation in New York. During the early 1980s,

Peter Geithner oversaw the Ford Foundation's microfinance programs in Indonesia being developed by

S. Ann Dunham-Soetoro,

President Barack Obama's mother, and they met in person at least once



Geithner's maternal grandfather, Charles F. Moore, was an adviser to President Dwight D. Eisenhower and served as a vice president of Ford Motor Company.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx


now this should alarm every true democrat on these boards!!!!!!!


and From an April post of mine here at DU: and please, don't believe me ...click the link..it was in the CFR publication!!!!!!!!!!!!!



Remarks by National Security Adviser Jones at 45th Munich Conference on Security Policy

Published February 8, 2009




Speaker: James L. Jones


U.S. National Security Adviser Jones ( edit to add: new advisor hired by Obama!!!!) gave these remarks at the 45th Munich Conference on Security Policy at the Hotel Bayerischer Hof on

February 8, 2009.





"Thank you for that wonderful tribute to Henry Kissinger yesterday. Congratulations. As the most recent National Security Advisor of the United States, I take my daily orders from Dr. Kissinger, filtered down through General Brent Scowcroft and Sandy Berger, who is also here. We have a chain of command in the National Security Council that exists today.




Source: http://www.cfr.org/publication/18515/remar ... ...

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Report: AIG bailout money behind banks' recent profitability

http://blogs.usatoday.com/ondeadline/2009 /...

snip:
The financial blog Zero Hedge has posted an "exclusive" that claims that according to an insider's account, AIG (yes, that AIG) "was responsible for the banks' January and February profitability."


Saying it is "rarely speechless," ZH offered "a moment of silence for the phenomenal scam that continues unabated in the financial markets, and now has the full oversight and blessing of the U.S. government, which in turns keeps on duping U.S. taxpayers into believing everything is good."


ZH says the insider perspective came in an email from "a correlation desk trader." Unless you're a finance whiz (and who is these days?!) you might get lost in the explanation of how AIG supposedly engineered this feat of profitability. But ZH tries to explain the "mumbo jumbo" in "layman's terms":


AIG, knowing it would need to ask for much more capital from the Treasury imminently, decided to throw in the towel, and gifted major bank counter-parties with trades which were egregiously profitable to the banks, and even more egregiously money losing to the U.S. taxpayers, who had to dump more and more cash into AIG, without having the U.S. Treasury Secretary Tim Geithner disclose the real extent of this, for lack of a better word, fraudulent scam.


In simple terms think of it as an auto dealer, which knows that U.S. taxpayers will provide for an infinite amount of money to fund its ongoing sales of horrendous vehicles (think Pontiac Azteks): the company decides to sell all the cars currently in contract, to lessors at far below the amortized market value, thereby generating huge profits for these lessors, as these turn around and sell the cars at a major profit, funded exclusively by U.S. taxpayers (readers should feel free to provide more gripping allegories).
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saracat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-11-10 04:22 AM
Response to Reply #24
25. Fly, post this as an OP!
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DisgustedInMN Donating Member (956 posts) Send PM | Profile | Ignore Mon Jan-11-10 09:42 AM
Response to Original message
26. K&R
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wordpix Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-11-10 11:19 AM
Response to Original message
27. thanks, very important piece, great synopsis by Cenk
:applause:

Definitely, fire Geithner over this. He just doesn't get it.
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progressoid Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-11-10 11:24 AM
Response to Original message
28. I doubt Issa would have pursued this under a Repub president but
Cnek is right, Geithner has got to go.
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pjt7 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-11-10 12:50 PM
Response to Reply #28
29. Fire Geithner
Edited on Mon Jan-11-10 12:52 PM by pjt7
Replace him with a economic wiz, who goldman, citi doesn't want.

& Audit the Fed.

I also think Barney Frank has to be replaced & you CAN'T let the Senator Visa Card from SD take Dodd's seat.
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