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« Ballad Of Timothy Geithner | Main | Strategic Default & Living For Free: Josh Bartlett Hasn't Made A Mortgage Payment In 32 Months And He Hasn't Been Kicked Out Yet (PBS VIDEO) »
Tuesday
Nov302010

F#@K YOU GEITHNER - Treasury Announces Plan To Sell Taxpayers' GM Stake With 'No Concern For Profit'

Scroll down for VIDEO...

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Remain calm as you read this story from Bloomberg.

Pay particular attention to this passage:

Taxpayers, however, haven’t broken even on GM.  The government needed to sell its entire stake for about $44 a share for that to happen. The U.S. would need to sell its remaining 37 percent ownership of GM at $53 a share for taxpayers to be made whole.

Miller and Massad said they aren’t waiting for the stock to reach that level.

“We’re not a private equity fund,” Massad said.  “We believe that promoting financial stability means we should exit as soon as we can.”

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So the Bush-Obama regime bails out GM against the wishes of the American people, and then later, when the investment finally looks like a win for taxpayers, the United States Treasury announces publicly that it has no interest in breaking even, let alone making a profit.

Under what conception of reality does it promote financial stability for Treasury to sell its remaining position 'as soon as we can?'  How does dumping tens of millions of shares, prematurely, promote anything but the lack of intelligence of those doing the selling.  So we wait 20 months to see the IPO, and now taxpayer fund manager Massad, can't wait to blow his GM load all over the Street. 

Where the hell are Barofsky and Kaufman...

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And why isn't this guy in charge of the SEC...

This is brilliant, trust me.  Give him 30 seconds or so to get going.

WalStreetPro says "Tim Geithner is a worthless piece of maggot shit..."

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Reader Comments (8)

Harvard scientists reverse the ageing process in mice – now for humans

Harvard scientists were surprised that they saw a dramatic reversal, not just a slowing down, of the ageing in mice. Now they believe they might be able to regenerate human organs

http://www.guardian.co.uk/science/2010/nov/28/scientists-reverse-ageing-mice-humans

read this one...
Nov 30, 2010 at 3:02 PM | Registered CommenterDailyBail
Let’s first go through the agencies that we could cut out due to the fact that they are either way to big or UNCONSTITUTIONAL!!!!

http://theintelhub.com/2010/11/30/the-great-austerity-caper/

another excellent read...
Nov 30, 2010 at 3:04 PM | Registered CommenterDailyBail
Architects of GM's IPO Sought to Limit Windfall for Wall Street

http://www.bloomberg.com/news/2010-11-25/architects-of-gm-s-ipo-sought-to-limit-windfall-for-wall-street.html

source for this story...
Nov 30, 2010 at 3:04 PM | Registered CommenterDailyBail
Hey there WallstreetPro:
Three goddamned replies to your vid- none of them related to what you are saying!?! (And I thought Canadians are stoopid?)
Hey- ya-all come up here to Canukistan- fix you right up. (Presumably, you have my email addy)
Nov 30, 2010 at 3:54 PM | Unregistered CommenterSheik Yerbootie
Of course Geithener wants to exit early, How else can he make sure his buddies get to pick up the stock with enough guaranteed upside. It is business as usual.
Nov 30, 2010 at 7:29 PM | Unregistered CommenterJeff C.
I think this guy should tell us what is really on his mind...
Nov 30, 2010 at 9:48 PM | Unregistered CommenterJohn
think this guy should tell us what is really on his mind...

John, it would "Blow Yr Mind" if you could get into his head, trust me..................? Luv this guy. He got fucked over by our goverment 2 years ago.

Catch him on You-Tube, he will blow yr mind. He Knows His Crap....................If he runs for "ANYTHING"....... Vote For Him....?

Most of on DB's site, could only wish to have a day with him in the Shead......................!
Nov 30, 2010 at 11:07 PM | Unregistered CommenterTexas Dar
@jeff...ill be interesting to see on geithner...i predicted he would leave after teh elections and so far i've been wrong...
Nov 30, 2010 at 11:23 PM | Registered CommenterDailyBail

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