NYT's Louise Story On How Tim Geithner Convinced NY AG Andrew Cuomo To Back Off Wall Street Prosecutions

Video - Louise Story on PBS Need to Know

In Financial Crisis, No Prosecutions of Top Figures - NYT

By Louise Story and Gretchen Morgenson

It is a question asked repeatedly across America: why, in the aftermath of a financial mess that generated hundreds of billions in losses, have no high-profile participants in the disaster been prosecuted?

Answering such a question — the equivalent of determining why a dog did not bark — is anything but simple. But a private meeting in mid-October 2008 between Timothy F. Geithner, then-president of the Federal Reserve Bank of New York, and Andrew M. Cuomo, New York’s attorney general at the time, illustrates the complexities of pursuing legal cases in a time of panic.

At the Fed, which oversees the nation’s largest banks, Mr. Geithner worked with the Treasury Department on a large bailout fund for the banks and led efforts to shore up the American International Group, the giant insurer. His focus: stabilizing world financial markets.

Mr. Cuomo, as a Wall Street enforcer, had been questioning banks and rating agencies aggressively for more than a year about their roles in the growing debacle, and also looking into bonuses at A.I.G.

Friendly since their days in the Clinton administration, the two met in Mr. Cuomo’s office in Lower Manhattan, steps from Wall Street and the New York Fed. According to three people briefed at the time about the meeting, Mr. Geithner expressed concern about the fragility of the financial system.

His worry, according to these people, sprang from a desire to calm markets, a goal that could be complicated by a hard-charging attorney general.

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Video - Louise Story with CBS - April 25, 2010

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Here's one of Geithner's crimes...

Video - Max Keiser & Stacy Herbert

At issue is Tim Geithner's criminal behavior in orchestrating the AIG bailout to favor Goldman Sachs through counterparty payouts at par, and then the massive cover-up.

Comments

[Jack T]

where are the guillotines?

where is Robespierre?

Geithner shouldn't be immune - he's one of them.

America is yearning for a hanging judge. Ya want to be annointed Emporer for LIFE? -- off any one of these guys.

[DailyBail]

Pakistan Under Harsh Scrutiny In Wake Of Raid On Bin Laden Compound

http://tpmdc.talkingpointsmemo.com/2011/05/pakistan-under-harsh-scrutiny-in-wake-of-raid-on-bin-laden-compound.php

[mick]

Conservative Magazine Brags of its Agent Provocateur's Role in Provoking Police Action in D.C.


http://www.dailykos.com/story/2011/10/08/1024352/-Conservative-Magazine-Brags-of-its-Agent-Provacateurs-Role-in-Provoking-Police-Action-in-DC-?via=siderec

[Backgammon]

Yes, the Wolf is guarding the Hen House

[Alphabet Media Shills]

Who is th eidiot interviewing? She suggests that they should prosecute all the little people at the bottom and that this will somehow stop the big fish from continuing their fradulent ways. How fucking stupid could any one person be? Well She is the definition. The small people that she suggests we should prosecute first are the ones that are desperate enough to have to work for these scumbags and if they are removed or decide not to work for a living for fraudsters (banksters), the crooks will just hire more of these desperate people and tell them that if they want to kee their jobs then they will do what thay are told. I know becasue I had to make the choice myself to quit working for a criminal company. They just went out and hired someone ot replace me. The only way to stop this crime is to prosecute the criminals from the top down with the full extent of the law! Don't be duped by the alphabet media's lack of reason. They are only there to sell advertisments and do not care about you or what is right or wrong. If you don't believe me, I feel sorry for you and will pray for your survival.

[warren]

at first appearance she is a dizzy blonde. she is not so dizzy. maybe that is why she got the job of investigating. thx for posting this,

[Adam Czerniakow]

To this day we can not find out the real reasons for pardoning Marc Rich, and now we would have thousands high-profile participants in the current disaster to prosecute.

From beginning to end, the Senate Judiciary Committee hearing on Eric Holder’s nomination as attorney general observed the ban on candid discussion of the main objection to confirming him. The forbidden topic: the real reason behind the pardon of Marc Rich twelve years ago, a controversial action that Holder reviewed as deputy attorney general — and that he failed to oppose for reasons he did not mention.

In an editorial that appeared on the morning of the hearings, the Washington Post urged the Senate to question Holder “closely” on the Rich matter. But it is difficult for senators (and editorial writers) to ask pertinent questions when they are completely ignorant of the real background and motivations of the players in the case. Even now, the true machinations behind the Rich pardon cannot be discussed honestly — perhaps because they implicate the government and the security services of the state of Israel.