Dylan Ratigan With Author Ron Suskind: "Tim Geithner Ran The White House, Stopped Attorney General Eric Holder From Prosecuting Wall Street"
Who's the White House boss?
Start watching at the 2-minute mark. This is the most important Ratigan clip since his on-air meltdown. You will hear that Geithner and Summers defied orders from Obama and took over White House policy, instructing Attorney General Eric Holder to back off Wall Street criminal prosecutions.
- "Geithner developed a system to keep the existing Wall Street structure in place with no prosecutions, and billions in additional bailouts."
You got that? That's called an Executive Gag Order - Mr. President, shut your pie hole.
Don't tell anyone that a tax cheat shilling for Wall Street is actually the President of the United States of America and not the tall guy reading from the teleprompter.
Let's look at Citi's stock price today and back out the reverse 1-10 split.
http://www.marketwatch.com/investing/stock/C
So Citi is trading at $2.70 per share. How are those confidence-inspiring stress tests working out for ya, Timmy?
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More on this story from Bloomberg below:
Excerpt
Sept. 16 (Bloomberg) -- U.S. Treasury Secretary Timothy F. Geithner ignored an order in 2009 from President Barack Obama to prepare a plan to “wind down” Citigroup Inc., once the biggest bank in the world, according to a book to be released next week.
Geithner didn’t proceed with Obama’s order to develop a plan to dissolve New York-based Citigroup in March 2009, several months after the bank had received a $45 billion taxpayer bailout, according to “Confidence Men: Wall Street, Washington and the Education of a President” by Ron Suskind, a former Wall Street Journal reporter. Bloomberg News obtained a copy of the book’s manuscript. The book, published by New York-based HarperCollins, is to be released Sept. 20.
Citigroup, led by Chief Executive Officer Vikram Pandit, posted $29.3 billion in combined losses for 2008 and 2009, much of them tied to subprime mortgages. U.S. taxpayers also guaranteed more than $300 billion of the lender’s riskiest assets to prop up the company as it neared collapse. Obama wanted to consider restructuring the bank while Geithner would also proceed with stress tests of the country’s lenders, according to the book.
Geithner didn’t recall Obama getting angry at him for not implementing the order and said that he didn’t “slow walk the president on anything,” according to the book.
In the book, Obama doesn’t deny Suskind’s account and doesn’t reveal what he told Geithner when he found out that Geithner hadn’t followed his order, according to a report today by the Associated Press, which said it purchased a copy of the book.
‘Systematically Undermined’
“The Citibank incident, and others like it, reflected a more pernicious and personal dilemma emerging from inside the administration: that the young president’s authority was being systematically undermined or hedged by his seasoned advisers,” AP quotes Suskind as writing in the book.
Dec 31, 2011 at 12:19 PM
Reader Comments (26)
http://dailybail.com/home/max-keiser-barack-obama-is-a-financial-terrorist.html
http://www.youtube.com/watch?v=0mhhFtkmvzQ&feature=relmfu
http://www.youtube.com/watch?v=2ApgdIQisic
Obummer has broken every promise made during his campaign and allowed enemies of the U.S. to attack using every weapon except one. Armaments. WITHOUT REPERCUSSIONS, or even mentioning it in passing. Ratigan should point these things out but the CFR probably owns his show. America is too busy in self-centered indulgence to connect the dots between the different disasters befalling the U.S. since JFK was ambushed in Dallas. The CFR made damn sure that local reporters' information about evidence and suspects was NOT relayed.
That is still their #1 concern, controlling evidence. The people then and now refuse to recognize these ambushers because it requires they drop their ________. Now the baboons rule the place. Good work, wankers.
And that is exactly what happened. For those who aren't traders among you, the markets bottomed on March 9, 2009. They then rallied 15% in 2 months and bank stocks rallied twice that amount. Geithner went back to Obama and said, 'See, boss, I told you my stress tests would solve the problem.'
End of story. And the markets kept rallying, on the back of nonsense plus QE all the way until June of this year. Hell BofA was $15 in June. But in 3 short months, bank stocks have imploded. BofA has lost 60%. JPM and Citi cratered. Goldman is under $100. Morgan Stanley is at a 2-year low.
So we're almost back to where we were (for banks) in March of 2009, after two years of purple unicorns and CNBC dreams.
That sounds most plausible to me, too. In which case, that would make Obama f***ing stupid, as well.
In my fantasy, alternative reality, Chris Whalen is US Treas. Secretary and in 2009 we get medieval on the bank bondholders. Deflation is a bitch, but it beats the hell out of ceding your country's sovereignty to a bunch of bailed out bankers. Hell, we can't even get Stephen Friedman investigated for insider trading. WTF, America?
STEPHEN FRIEDMAN. "Google that shit on youtube" and find out why he needs to be indicted.
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Very nice WalStreetPro reference Dr. P.
What's up with Cheyenne's movie, anyway?
Dr. P, you remember dubbing the film "Fear and Lira in Las Vegas"? I found this article talking about Johnny a few months later and laughed...
http://www.examiner.com/boxing-in-national/arguello-knew-pinoy-ganigan-hit-harder-than-pacquiao
Crazy, no?
You are correct, Davol. Like I previously write in my comments, I saw Geithner several times with Bush43's neocons back in the early 1980s in Seattle. Especially Richard Perle. Geithner is the economy's trained Bovine Spongiform Encephalitis
The SEC, under Bush43, was a group of CJs who WERE NOT TERMINATED NOR DISCIPLINED UPON Obummer's arrival. Obummer is psychopathically passive toward EVERYTHING that has come before him and the press. He has broken EVERY campaign promise made as if his handlers had him telling a desperate electorate everything they would never have.
Do not discount the impact of behind the scenes politics carried out by individuals who lack compassion. Their faults do not end there. Ted Gunderson, exDirector of the FBI in Los Angeles and St. Louis knew and often gave speeches on this cult with many court documents and video presentations. It is the foreign based entity attacking this country on so many fronts. The same names, every time.They now rule the White House with Obummer in power. He is completely passive to the Bush agenda.
Wife Michele flashing the Aleister Crowley,Anton Levey, Jack Parsons(JP Jet Propulsion laboratory), NSA general and head of the church of satan Michael Aquino satanic victory handsign on at least three nation-wide magazine covers after the election shows that something is rotten in D.C.. This cult is real and serves a certain foreign interest. I still say lobotomized 1979 for Obummer. He manifests the symptoms.
These ARE very scary people. Chucky meets Talking Tina and the Psycho village people administration. Treason R Us.
"That sounds most plausible to me, too. In which case, that would make Obama f***ing stupid, as well."
Really?
Obama story cliffs notes version: a pretend "progressive" from the most corrupt political machine in the U.S. (Chicago) groomed at Columbia by David Rockefeller crony Zbigniew Brzezinski goes to C.I.A. front company "Business International Corp", then later to the presidency on a vast cushion of Wall Street money and connections that have run Obama's regime from before day one.
No, not "stupid" or "timid" or "incompetent". He is doing job one for his clients that pretend to be democratic "capitalists" and are anything but at the merger of corporate and state power.
Translation: Obama is a garden-variety puppet for the so-called "Super-Class" as in our unelected Fascist players that rule those with no real voice at their "bought government".
Raum has been around. Whether he was there that day I have NO idea. It was his workplace and it was a weekday and he had extensive family ties with the Mossad. Hillary had carpets changed in her residence that day. The chief of White House security testified to a carpet company work van leaving the service bay later that day. Two weeks later, he was 'suicided' with a shotgun. This information was omitted from any Senate investigation and the Fisk report.
DB, you guys have me 100:1 on the ideosynchrocies of the stock and bond markets, but I must tell you something. Geithner does not work for Obama. He works for Richard Perle and the Bush cabal. Perle and some of the other neocons had been regulars at the Vancouver Club during the 1980s and before, which had a reputation back between 1971 and 1983 nastier than anything you have seen in print, no matter WHAT the magazine. See the first photographs at johnnygosch.com to get my drift. Through having good sense, Johnny Gosch adopted the name 'Jeff Gannon', the name of the news paper editor he worked for when he was kidnapped, and made it to the White House press corps to give Bush43 easy questions when Bush43 was bombing at press conferences. Young Johnny Gosch was photographed with George H W Bush. Gannon's place of employment could be found at militarystud.com, "specializing in bondage, discipline, and military themes" at "250$/hour or 1250$/weekend". Bush43 shared him with Tony Blair, according to White House visitation records, obtained through a FOIA request.
The Vancouver Club and its underground conduct was where 'nasty' got its name. Many children remain missing. See Ted Gunderson's work against these people, and pay attention. In writing in defense of American enterprise and personal liberty, this is how low your 'old world' competition is willing to go to destroy decent Americans and others.