Video: Dylan Ratigan, Spitzer & Glenn Greenwald Discuss Federal Reserve Corruption & AIG.
You're going to love this. Eliot Spitzer goes off:
- "Larry Summers, Tim Geithner and Bob Rubin all pushed back against [those who supported regulating financial markets]. Larry Summers said AIG had contracts that we couldn't abrogate. The U.S. Government wasn't a party to those contracts! The U.S. Government stepped in to save AIG and the economy! We gave a gift -- hundreds of billions of dollars to these banks! We had absolutely no obligation to pay 100 cents on the dollar!!! We got nothing back from Goldman Sachs!"
Watch (don't click unless you're coming from our daily newsletter)
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"Everything Tim Geithner is now doing on Capitol Hill, and Barney Frank as well, unfortunately looks to the next crash, and what we do after the crash, rather than how to prevent one, and learn the lessons of what caused this crisis in the first place."
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"I would not let Tim Geithner negotiate a house purchase for me; he has done the public more harm than just about anybody I know, the way he has failed to stand up for the public. It is an abomination. It's terrible."
- "Today's GDP uptick is not about the real economy, Wall Street is not the real economy, the Banks aren't helping us get out of this slump, there are structural issues that need tending to, and they're not doing anything about it."
- "They've got to stop proprietary trading with federally-guaranteed money. End it. Break them up. Split them apart."
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