Thursday
Jan072010
How Will Geithner Suffer From The AIG Email Fallout?
CNBC Video: One of the guests gets it right; everyone else including Dennis Kneale is an apologist for the banking oligarchy -- January 7, 2009
See also:
Joshua Rosner says it's time to say "goodbye to Geithner" >>
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Reader Comments (4)
http://www.youtube.com/watch?v=R0tjvH_bMHQ
AND (now that I'm in high dudgeon), let's point out while we're at it that these emails and disclosure discussions are from DECEMBER. Not September, not October, not even November. These things are from Christmas time. Maybe these bailout apologists believe in Santa and the Tooth Fairy, but there wasn't any "crisis" or "panic" going on in December that meant we couldn't know the nasty deeds that Geithner and Friedman did at FRBNY. They were worried about the political fallout from all of this, not about setting of some kind of financial panic again. That excuse is bullshit and if these so-called journalists had any skills, they might actually look at the friggin' date on these emails and notice that the panic had already subsided.
The New York Fed came to the conclusion based in part, it appears, on the advice of its outside attorneys at Davis Polk & Wardwell.