REPORT: Geithner Dumping TARP Bank Shares At Below Market Prices To Make Obama More Appealing To Voters

The bespoke man of hope and change is being recognized as a delusion, a temporary national hallucination borne of McPalin, mist and swamp gas.

First, the banks were bailed out against the overwhelming wishes of taxpayers, and now Geithner is hastily dumping millions of shares at a loss in order to clean up Obama's bailout image before election day.

Afternoon links:

• Geithner Dumping TARP Bank Shares at Below Market to Improve Obama's Chances
• Bankrupt Obama Prepares to Forgive $1 Billion of Egypt’s U.S. Debt - NYT
• It's Coming: Goldman Strategist Sees Big Stock Selloff in 10 Days
• Ex-TARP Watchdog Barofsky Unleashes on 'Monster' Banks, Reform Law
• Why Hedge Fund Manager Dennis Gartman Is Getting Out of the Stock Market
• Still No Justice for Mortgage Abuses - NYT
• Moody’s Changes Euro Zone Rating Outlook to ‘Negative’
• Iowa's 2016 Caucus Already Underway - O'Mally Leads DEM Hopefuls
• Elephants Dying in Epic Frenzy as Ivory Fuels Wars and Profits
• Chinese Scientists Unveil Mind-Controlled Drone - Watch Video

Comments

[DailyBail]

Obama’s Popularity Dips Underwater

http://abcnews.go.com/blogs/politics/2012/09/obamas-popularity-dips-underwater-for-romney-a-faint-favorability-bounce/

[DailyBail]

New tax in Cuba threatens consumption in a hungry nation

http://ca.news.yahoo.com/tax-cuba-threatens-consumption-hungry-nation-184303818.html

[DailyBail]

Overcrowding At Queens School To Force 8th Graders Into 9:45 A.M. Lunch

http://newyork.cbslocal.com/2012/09/04/overcrowding-at-queens-school-to-force-8th-graders-into-945-a-m-lunch/

[DailyBail]

The number of people with Ebola, a rare haemorrhagic disease, in northeastern Democratic Republic of Congo has tripled since mid-August, the World Health Organisation said Tuesday, after 14 patients died in two weeks.

http://ca.news.yahoo.com/ebola-caseload-soars-eastern-dr-congo-174349253.html

[DailyBail]

HANOVER, Germany (Reuters) - Europe will not be able to introduce centralized banking supervision by its year-end target date, German Finance Minister Wolfgang Schaeuble said on Monday, making clear this would delay any direct bank recapitalization by the euro zone's rescue fund.

http://ca.news.yahoo.com/german-court-not-block-esm-fiscal-compact-schaeuble-133716731--sector.html?_esi=1

[DailyBail]

Group says it found 30,000 dead North Carolinians registered to vote

http://www.charlotteobserver.com/2012/09/02/3497857/group-says-it-found-30000-dead.html

[DailyBail]

Depression, Suicides Rise as Euro Debt Crisis Intensifies

http://www.cnbc.com/id/48883704

[DailyBail]

Fears Rising, Spaniards Pull Out Their Cash and Get Out of Spain

http://www.cnbc.com/id/48889555

[DailyBail]

Here’s how to check if your Apple device UDID has been compromised by the AntiSec leak

http://thenextweb.com/apple/2012/09/04/heres-check-apple-device-udid-compromised-antisec-leak/

[LiberatedCitizen]

As usual I have more to add DB :)

Your money is propping up big banks

http://www.bloomberg.com/news/2012-09-03/breaking-up-banks-is-hard-with-traders-hooked-on-deposits.html

Still No Justice for Mortgage Abuses

http://www.nytimes.com/2012/09/02/opinion/sunday/still-no-justice-for-mortgage-abuses.html?src=recg

Mortgage Settlement Monitor Hires Firm that Has Worked on Countrywide Matters
Read more at http://www.nakedcapitalism.com/2012/09/mortgage-settlement-monitor-hires-firm-that-has-worked-on-countrywide-matters.html#92kuTaZ5E706wYWM.99

New York Times Proves Clint Eastwood Correct -- Obama Is Lousy CEO

http://www.forbes.com/sites/richkarlgaard/2012/09/03/did-the-new-york-times-just-get-obama-fired/

Carney recasts Obama words on Afghanistan

http://www.politico.com/politico44/2012/09/carney-clarifies-afghanistan-drawdown-timetable-134156.html

Exclusive: Libor probe claims Barclays executive and a trader

http://www.reuters.com/article/2012/09/04/us-libor-barclays-idUSBRE88312B20120904

Is Inflation Returning?

http://www.project-syndicate.org/commentary/is-inflation-returning-by-martin-feldstein

Niall Ferguson: The Fed’s Dirty Easy Money

http://www.thedailybeast.com/newsweek/2012/09/02/niall-ferguson-on-the-fed-s-dirty-easy-money.html

Debtors' Prison Is Back -- and Just as Cruel as Ever

http://www.dailyfinance.com/2012/08/30/debtors-prison-is-back-and-just-as-cruel-as-ever/

Largest energy utility in U.S. pledges $32 million to DNC

http://www.examiner.com/article/largest-energy-utility-u-s-pledges-32-million-to-dnc

[DailyBail]

Great links, LC.

[Sell Short]

this whole stock market is being manipulated by Obama boys to make him look good. The market has been on a tear for no real reason other than to make obama look good. Shame on this manipulation!!!

[Sell Short]

shame shame shame on criminal obama Geithner and bernanke.

[LiberatedCitizen]

DB - Ebola OMG just as horrifying Flesh Eating Bacteria (google it for more) in Eau Claire, WI a young man got it from swimming in the back waters of the Chippewa River cases are popping up all over.

Eau Claire Man Recovering from Flesh Eating Bacteria

http://www.wsaw.com/home/headlines/Eau-Claire-Man-Recovering-from-Flesh-Eating-Bateria-166453366.html

Cartersville man continues to battle flesh-eating bacteria

http://www.myfoxatlanta.com/story/19454063/cartersville-man-continues-to-battle-flesh-eating-bacteria

And Brain Eating Amoeba's also popping up all over I never heard of these things in the past makes you wonder

The Brain-Eating Amoeba in Minnesota

http://articles.nydailynews.com/2012-08-09/news/33122336_1_naegleria-fowleri-amoeba-rare-brain-infection

http://stillwater.patch.com/articles/child-dead-lily-lake-closed-due-to-lethal-organism#photo-5655814


Brain-eating amoeba suspected in SW Indiana death

http://www.twincities.com/localnews/ci_21465650/brain-eating-amoeba-suspected-sw-indiana-death?source=pkg

[Howard T. Lewis III]

Little Timmy really did used to hang around Richard Perle. Timmy's desire to be disemboweled on a dull deer antler shows through in this, his most recent attempt to sacrifice himself for his masters. Every day, most American workers sit at home and relax after a hard day on the job. Such decadent activity never crosses their minds out of their respect for the community at large.

Timmy needs extensive labor therapy and a complete thrashing DAILY until he finally gets the picture. This insult to humanity was around for exploitation of children. You can bet on it. It shows in his complete debasement of all that is decent and productive in the American experience. What a fucking cockroach. I can just see him quickly tapping his foot to attract a mate.

There is no hope for Obama. I still am convinced somebody gave him a lobotomy in the late 1970s. He is gone.