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« Dr. Ron Paul To The Rescue - Compassion | Main | CORPORATE MEDIA FAILS AGAIN - AP 'Fact Check' Repeats Zombie Lies About Bank Bailouts »
Saturday
Dec312011

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 $27 divided by 10 = $2.70

So Citi is trading at $2.70 per share.  How are those confidence-inspiring stress tests working out for ya, Timmy?

---

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.

 

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Reader Comments (26)

Sep 28, 2011 at 10:21 AM | Registered CommenterDailyBail
Great clip Cheyenne...thanks for posing it in comments the other day.
Sep 28, 2011 at 10:39 AM | Registered CommenterDailyBail
Dudes Take on the World at Lebowski Fest

http://www.youtube.com/watch?v=0mhhFtkmvzQ&feature=relmfu
Sep 28, 2011 at 11:00 AM | Registered CommenterDailyBail
From a different Lebowski fest. You see what happens, Larry?

http://www.youtube.com/watch?v=2ApgdIQisic
Sep 28, 2011 at 11:17 AM | Unregistered CommenterCheyenne
Larry Summers is lucky he hasn't been targeted...
Sep 28, 2011 at 11:33 AM | Registered CommenterDailyBail
Proving once again that we don't have a government, much less a democracy, we have a Goldman Sachs bankster cabal at the helm of "our" nation.
Sep 28, 2011 at 1:41 PM | Unregistered CommenterKent Welton
A vital observation from an apparently random selection for study by Ratigan. Here see 'The Shadow Government' in action . Dozens and dozens of articles on how Obama drops the ball on contact every time a play is made. He does not wait for stress, He refuses to take the task at hand and walks out of the discussion. Geithner and his neocon connection, continuing along the lines necessary to economically bring down the U.S. and no one publically addresses who the traitors are. No one addresses Obama being merely an apparition. I tell you the guy has been worked on. And Geithner is a tool. Send him to Bridgewater.
Sep 28, 2011 at 5:26 PM | Unregistered CommenterHoward T. Lewis III
Who hired Geithner? I think it was Barack Obama.
Sep 28, 2011 at 7:41 PM | Unregistered CommenterAlessandro Machi
Did anyone else get the feeling the Dylan needs to STFU?
Sep 28, 2011 at 8:43 PM | Unregistered Commentermcthorogood
Ratigan presents more evidence Obama is merely an apparition spoon fed to the American electorate as a symbol for everything they would not be allowed. Peace, equitable taxation, sound environmental policy and an end to S&M and satanic hate for humanity as constantly preached by the Bush clan. This Obummer administration STILL provides access for the Bush clan to the White House.

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.
Sep 28, 2011 at 9:26 PM | Unregistered CommenterHoward T. Lewis III
Here's my take: Obama's a pussy, and he bowed to Summers and Geithner. Follow the timing on this one - it was early 2009. Obama tells Geithner to develop a contingency plan for a Citigroup bankruptcy. Geithner nods his head and says 'Sure, boss, but it won't be needed after my stress tests. They are going to solve everything. End all worry about insolvent banks. I guarantee it. In fact, I'm setting up the tests so that no one fails, trust me.'

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.
Sep 28, 2011 at 11:44 PM | Registered CommenterDailyBail
"Here's my take: Obama's a pussy, and he bowed to Summers and Geithner. "

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.
Sep 29, 2011 at 12:11 AM | Registered CommenterDr. Pitchfork
"Google that shit on youtube"

---

Very nice WalStreetPro reference Dr. P.
Sep 29, 2011 at 12:14 AM | Registered CommenterDailyBail
Speaking of which, have you seen that guy lately? He's lost like 50 lbs and has a real job. Good for him. I miss those videos, though. Pure genius.
Sep 29, 2011 at 12:21 AM | Registered CommenterDr. Pitchfork
I heard something similar from cheyenne, who contacted WalStreetPro about appearing in his movie...but where did you see him? Has he made a new video that I've missed?
Sep 29, 2011 at 12:38 AM | Registered CommenterDailyBail
Nah, he's on facebook (Kevin Rowland).

What's up with Cheyenne's movie, anyway?
Sep 29, 2011 at 12:49 AM | Registered CommenterDr. Pitchfork
It's done and submitted to Sundance and a few other festivals. I'll be posting clips when he lifts the embargo.
Sep 29, 2011 at 1:13 AM | Unregistered CommenterDaily Bail
Awesome. Can't wait.
Sep 29, 2011 at 1:15 AM | Registered CommenterDr. Pitchfork
Won't be too long now, fellas. Trouble is our narrator (stand-up comedian John Fox) moved to California recently, and we need a few minor fixes.

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?
Sep 29, 2011 at 7:13 AM | Unregistered CommenterCheyenne
This reminds me of an argument I had with a fellow Obummer voter back in 2009. I pointed out that no President ever chooses his first cabinet because it's the first cabinet that chooses the President. Then if they're lucky they get to fire the major players of the first cabinet and actually have their way as President if they get a second term. Remember Rumsfield and Rove being dismissed after the 2004 Bush election? This is one of those things that looks obvious to me, but probably disagrees with everyone else’s paradigm.
Sep 29, 2011 at 3:38 PM | Unregistered CommenterDavol
If there is a problem with this, could you just X-out names? Our problem IS a cabal.

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.
Sep 29, 2011 at 8:34 PM | Unregistered CommenterHoward T. Lewis III
"Here's my take: Obama's a pussy, and he bowed to Summers and Geithner. "

"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".
Oct 10, 2011 at 3:46 PM | Unregistered CommenterFatCat
What about Rham Emmanuel, who, for his lifetime in public, is not known for his "potted plant" personality, reticence or lack of strong opinion ? Wasn't he the Chief of Staff to Obama his first two years in office? Have a great New Year all!
Dec 28, 2011 at 8:21 PM | Unregistered CommenterLeo McCormick
Raum had an office in the White House next to Bill Clinton the 1994 day Vince Foster left his office in the White House for a scheduled appointment with Prez Bill. "He never made it to the appointment" says Bill. The presence of carpet fibers on his skin and outer clothing indicate that this may be true. Ballistics tests prove two different grades of gunpowder residues from his hands and clothing, but only one bullet was fired from a White House residential .38 into Foster. Foster's fingerprints were not on the gun, but powder burns were found on his hands. Paramedics reported finding one or two smaller caliber wounds under his right ear. Hillary was reported to be in Arkansas. All this from Senate and the Fisk reports.
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.
Dec 28, 2011 at 11:34 PM | Unregistered CommenterHoward T. Lewis III
Now I guess that the same guys who created this mess will be the ones who figure how best to figure how to deal with it. The New Yorker has an interesting ariticle talking about a cell group of hedge fund managers and the like who are disgruntled by Mr. Obama's take on rich people. The president can say what he wants however, his actions are more important. http://www.newyorker.com/reporting/2012/10/08/121008fa_fact_freeland
Oct 7, 2012 at 11:25 AM | Unregistered CommenterSKINFLINT
Good link, Skin. Hadn't seen that.
Oct 9, 2012 at 2:28 AM | Registered CommenterDailyBail

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