Thursday
Sep102009
Watch Geithner Testify Live @ 1 PM (Congressional Oversight Panel)
Turbo has been called before Dr. Warren beginning at 1 pm est Thursday. Live streaming coverage will be available on the COP website. This one could get contentious. Elizabeth is tired of being ignored.
Sep 10, 2009 at 7:27 AM
Reader Comments (31)
http://dailybail.com/home/elizabeth-warren-on-tarp-the-auto-bailouts-bloomberg-sep-9.html
I deleted your post because your messages are becoming more and more like SPAM.
Engage in discussion with us...it hurts everyone when you just pile on with long spammy comments...and I honestly don't think they get read by many people because of their length...
The place for SPAM is yahoo...we attempt at least to have intelligent discussion on these forums...we don't always succeed but we try...
Be more a part of it...I know you have it in you...
Where's Drinking With Bob? I hope he's watching this.
anyone watching? LOL this is the event of the day. no one really likes stupid Geithner and he must be replaced asap. Same goes for Obozo.
FIRE his ass already!
HE SAID IT AGAIN!!!! except this time it was a "a set of judgements"! (that's my fists pounding the keyboard^)
Doesn't Geithner know his judgement stinks? No, I suspect he doesn't.
You said >>>If Geithner says "judge" or "judgement" one more time, I'm going to pop a vein. <<<
lol. he is indeed very annoying to watch.
Geithner is like Goolsbee...way too political to be trusted...
I'm going to be at dinner later during the CNBC broadcast so I will be TIVOing the program for any signs of intelligent life from CNBC producers and anchors...Liesman and Burnett...
There will be more from Bob later this evening...the guy has made so many videos it's difficult to sift through them all...
Ultimately, he swung around to the old standby --
We were working to save the financial system and bring stability to the system... and if Goldman et al. didn't get 100 cents on the dollar, well.... it would have hurt Main St. enormously, blah blah blah it was very complex, blah blah blah And we had to make a .... (wait for it)... judgement. So piss off...
That's how I remember it.
But just before that EW asked whether Treasury and the Fed were in contact with the AIG counterparties before the taxpayer payout on the CDS. It got super duper snippy at that point "In contact about what?" "What are you getting at?" "I was at the Fed, you know, not at Treasury.." I think he even resorted to using the word "premise" -- but he couldn't find a nail to hang it on. Warren nailed him, but he just kept squirming. Next time, try using two or three nails, Ms. Warren.
http://www.youtube.com/watch?v=pz7ruJw6byQ
[cross-talk]
TG: "Of course not, I mean we woulda done that in a second if we coulda done that..."
*********************************
That's an exact transcription, but I can't tell if Timmy said No, it's not the case that we couldn't figure out how to pay less than 100 cents on the dollar, or if he said Yes, we couldn't figure out how to do anything but give Goldman and UBS and SocGen 100 cents on the dollar.
So which is it Timmy, are you a dumbass who's never heard of negotiating, or did you just make a "judgement" to sidestep congress and give away loads of taxpayer money for free? Well, which is it punk?
Why can't we get this guy to answer the question about AIG counterparty payments...
Still hoping that CNBC will come through and include some of our questions...
DB..nice rebound in natural gas. Bottom was at $2.50 and it has rallied all the way to $3.26 per mmbtu in the past two trading days. UNG went from $9 to $11.25. FWIW!
I wrote "deatailed questions" before, but I meant "answers."
http://www.cnbc.com/id/15840232?video=1249587038&play=1
O'dear, we are fucked and are perma debt slaves and our rants die right here, where we spin our brains.
No leader has grown balls to lead the masses for revolt?lol
All screaming on the web, urgency is now to join the march in Washington DC or your own state capitals.
Banker thugs enjoy the new loot reward for their crimes and we the people strangled to die under debt burden for generations to come.
I will leave with this:
Fellow Americans:
((wake me up when revolution leadership emerges ...........................)))
Geithner: "I ahh uh wuh I-I-I wan I wann do it less lemme do it this way... I wanna do this carefully" [everyone laughs. except Geithner]
Burnett: "As long as you answer the question, you can do it any way you like!" [if this were field hockey, she just threw a body check]
Geithner: [I'm paraphrasing] blah blah blah blah blah blah "we're gonna bring those deicits down...and it's gonna require we do difficult things..."
Liesman: [fearfully] "Sounded a little bit like a yes to me."
Geithner: "Nope. Uhh, want me to repeat exactly what I just said?" [painfully awkward. he might crack]
In any case, I don't know tht we need a whole lot of leadership, anyway. Who's leading you? Who's leading me? No one. Health care isn't over yet, either. "You lie!" is already a bumper sticker. As I see it, things are just getting started -- both economically and politically. I suspect, too, that there will be more bank bailouts soon (or FASB fraud will make the system even more vulnerable than it already is). Don't give up hope just yet.
Reverse Bank Robbery - No Wonder America's Banks Are Making Profits Again: The US Government Is Bribing Them To Borrow Its Own Money - By Dean Baker (9/9/09)
Dean Baker
Wednesday, 09 September 2009 07:58
Guardian UK
Most of us work for a living, the rest are bankers. These days the news is filled with great tales about how America's banks are coming back.
Even that giant corpse Citigroup is showing signs of life. Its stock is now selling for more than five times the lows it hit earlier this year. Its market capitalization is up near $57bn, a bit more than the $45 billion that the government lent them through the Troubled Assets Relief Programme, or Tarp. Some are even expecting that the government will make a profit on its Citigroup investment.
http://www.guardian.co.uk/commentisfree/cifamerica/2009/aug/31/banking-profits-us-economy