Check Out This List Of Bailout-Loving Replacements For Larry Summers (A Detailed Look At The Candidates)
FDIC bailout crim -- GE's Jeff Immelt -- headlines the list.
Not incidentally, Immelt serves proudly on the Board of Directors of the New York Federal Reserve. Wall Street-captured, bailout-loving criminals, apologists and charlatans. Every single name.
Photos, links, truth. Short clip of Chris Whalen calling Geithner 'clueless and inept.'
Stick-saved by the FDIC bailout -- GE's Jeffery Immelt -- is at the top of a 'trial balloon' list to replace Larry Summers that includes former citigroup Chairman Richard Parsons, Moody's economist and converted Obama fan boy Mark Zandi, former Clinton aide and current Geithner assistant Gene Sperling, Dr. Laura Tyson (former Clinton official), and former Goldman director and current CFTC Chair Gary Gensler, who claimed recently to have gotten religion on derivatives.
See the rest of the names on the rumored list:
GE and Jeff Immelt, who, not incidentally, is on the Board of Directors of the New York Federal Reserve:
Jeff Immelt, CEO of General Electric, frightened Paulson in early September by calling to say GE, which Paulson describes as “an American business icon,” was having trouble borrowing money by selling IOUs known as commercial paper, and visited Paulson several days later in person. In mid-October, Paulson called Immelt to discuss imminent plans for a Federal Deposit Insurance Corp. guarantee of all new bank debt, but not GE’s. Immelt told him not to worry, GE would manage and would benefit indirectly by a more stable banking system. The next day, Immelt called back and said the bank guarantees were hurting GE’s finance unit because banks could borrow with U.S. government guarantees and GE couldn’t. And on Oct. 16, 2008, Immelt came in person to press the matter with Paulson. Over the following weeks, Paulson and Treasury official David Nason “worked hard to get Sheila [Bair] comfortable” with extending the guarantee to GE. In November, she did. GE’s finance unit, along with Citi, became one of the biggest users of the program.
Richard Parsons former Chairman of Citigroup:
- The Blind Leading The Blinder -- FED Propaganda Machine Credits Bernanke Bailouts For Ending The Great Recession
I have 3 suggestions:
1) 'No!' to every captured name listed above.
2) Joshua Rosner
3) Chris Whalen