Video: Bob Woodward Asks Tim Geithner About Debt Ceiling Back-Up Plan If Congress Fails To Act

Interesting 2-minute clip.  The failed NY Fed President now masquerading as Treasury Secretary will not even consider the possibility.  Woodward wasn't fed this much BS during the entire Watergate scandal that made him famous, and I give him credit for interrupting the failed NY Fed President several times to force a slightly more honest answer.  Ultimately, Geithner just lies.  Treasury has a back-up plan which involves prioritizing payments that would allow debt interest to continue being paid, though you'll never hear Turbo Jr. admit it publicly.

Comments

[DailyBail]

http://news.yahoo.com/s/nm/20110526/pl_nm/us_unions_wisconsin;_ylt=AlwSbS2wUdj.GnhnHNH6Bn4Z.3QA;_ylu=X3oDMTM0MWd1N2llBGFzc2V0A25tLzIwMTEwNTI2L3VzX3VuaW9uc193aXNjb25zaW4EY2NvZGUDdG9wZ21wZQRjcG9zAzkEcG9zAzkEc2VjA3luX3RvcF9zdG9yaWVzBHNsawNqdWRnZXZvaWRzY28-

Judge voids controversial Wisconsin union law

[john]

How to Beat the Market: Follow the Trades of 19 Senators on the Senate Armed Services Committee Who Own Stocks on Prohibited List

http://globaleconomicanalysis.blogspot.com/2011/05/how-to-beat-market-follow-trades-of-19.html

[snip]

Prosecution aside, please note that Martha Stewart went to jail not for insider trading, but for lying about it. Had there been no such laws (laws that Congress is exempt from), she would not have been prosecuted in the first place.

Regardless of how you feel about Martha Stewart, for Congress to be exempt from laws that apply to everyone else is simply unacceptable


Note: This is an absolute MUST read.

[DailyBail]

http://www.activistpost.com/2011/05/breaking-indiana-citizens-take-back-4th.html

BREAKING: Indiana Citizens Take Back 4th Amendment

[DailyBail]

Breakfast With PIMCO’s Mohamed El-Erian

http://www.madhedgefundtrader.com/may-19-2011.html

[DailyBail]

http://www.stevequayle.com/News.alert/11_Photo_of_Day/110524.photo.of.day.html

bank runs, empty shelves follow Belarus' currency devaluation - photos

[DailyBail]

Elizabeth Warren and House Republicans clash over consumer agency

http://www.latimes.com/business/la-fi-elizabeth-warren-20110525,0,777294.story

[DailyBail]

Roger Lowenstein Dismisses Charges Against Wall Street; Not So Fast

http://blogs.forbes.com/francinemckenna/2011/05/18/roger-lowenstein-dismisses-charges-against-wall-street-not-so-fast/

our story on lowenstein was picked up by Forbes writer...

[TR]

I know the political leanings of the U.S. Supreme justices that voted to make CORPORATIONS = (CITIZENS?).
What are the political leanings of these Indiana justices?
Don't tell me, I may start a RANT in my next comment.

[Miguel Grande]

Please keep in mind that Bob Woodward is a member of Skull & Bones, CIA and Operation Mockingbird. His fame comes from a ridiculous fable made up about "Deep Throat" which re-directed the attention away from the real story about Watergate which was that the Democrats had pictures of members of the Nixon Gang while they were murdering the President in 1963. Later, one of the murderers confessed on his deathbed that he indeed had been involved in the murder although he chose to finger LBJ as the ringleader. Howard Hunt worked for the CIA and directly under Richard Nixon, who had ordered the Watergate break in. Frank Sturgis was the other CIA assassin in the picture who also worked for Nixon. Bob Woodward is complicit in the assassination of our president.

Whenever the criminal government wants to re-direct the story away from what really happened, they trot out Bob Woodward. Imagine, if a real journalist were to question Geithner? For example, "Mr Geithner, who actually received the $27,000,000,000,000.00 (trillion) for the fraudulent mortgage backed securities?" or "Mr Geithner, you say that we must pay our past debts and not to pay them is unthinkable. Is it true that the debt is in fact owed to your true bosses at the Rothschild Bank and the debt was created by simply stoking a keyboard and simply adding more zeros to the make believe debt?"

UNETE A LA RESISTENCIA!!

[Vernon Clayson]

Earlier today I saw another Obama spokesperson, Janet Napolitano, babble a non-answer about profiling Muslims, now this munchkin, Geithner, babbles a non-answer about the economy. I can't imagine what it's like when the Obama gang have a meeting, it must be many degrees of seriousness below TV's The View. I'm guessing that Obama tells them to say whatever comes to mind that doesn't involve or reflect on him. All of his gangsters, his Cabinet, his czars, and even his supplicants in the Congress will have much to live down when history eventually records him as a fraud. The Congress has abandoned its responsibility and the courts dither because they know if they rule against him he will ignore them and they have no means to enforce any such ruling. He is a dictator and while we question him the politicians have a deathly fear of him. Why is that?

[Sagebrush]

"He is a dictator and while we question him the politicians have a deathly fear of him. Why is that?"

Congress abandoned it's responsibility 98 years ago. Most of the presidents since then along with most of the politicians in Washington up to and including Obama are nothing more than puppets with the special interests pulling their strings.

Hell they don't fear him, Republican or Democrat they all work for the same bosses and MSM claims of deathly fear, rivalry, and hatred between the parties are bullshit theater to keep the sheeple occupied. If they knew both parties are working together to screw them to death the sheeple might actually stampede instead of standing around bleating their discontent and doing nothing.

[DailyBail]

well said sagebrush...