Tag Archives: geithner

“We had noted that the Irish could have stared down the EU and held out for a bailout of its banks only, and were mystified at the quick capitulation.”

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Pickpocketing Trillions Jibber Jabber

Stacy Summary: Good morning, y’all. Geithner on how his pickpocketing trillions hurt him more than it hurts you.

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“Stinks to High Heaven” Jibber Jabber

Stacy Summary:  Oh yeah, Geithner stinks.  But we all knew that.  How long do you give him to walk the plank?

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Two million Brits take pay cut to keep job, not one of them is a banker

Stacy Summary:  Good morning y’all.   Getting ready to record Truth About Markets for today and Truth About Comments for tomorrow.  So, let’s have your comments below so we can include it in the show!

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[Audio] Max Keiser on Thom Hartmann

Stacy Summary: In case you missed it, here is Max on Thom Hartmann Show.

For more download & listening options visit Archive dot org

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Limitless, permanent bailouts

Stacy Summary:    Codifying neo-feudalism.  Have you selected for which Lord you will toil?  Or do you have other plans?

Section 1204 is unlimited in dollar amount and is a permanent grant of power to the executive branch. TARP contained some limits on executive compensation and an array of special oversight authorities. Section 1204 contains absolutely no limits on executive compensation and no special oversight.

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Timmy & Ben’s 100% AIG payouts

Stacy Summary: Are you surprised?  Negotiating privately with the banks?

Beginning late in the week of Nov. 3, the New York Fed, led by President Timothy Geithner, took over negotiations with the banks from AIG, together with the Treasury Department and Chairman Ben S. Bernanke’s Federal Reserve. Geithner’s team circulated a draft term sheet outlining how the New York Fed wanted to deal with the swaps — insurance-like contracts that backed soured collateralized-debt obligations….

Part of a sentence in the document was crossed out. It contained a blank space that was intended to show the amount of the haircut the banks would take, according to people who saw the term sheet. After less than a week of private negotiations with the banks, the New York Fed instructed AIG to pay them par, or 100 cents on the dollar. The content of its deliberations has never been made public.

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Geithner goes to town(hall) and UK to see debt crisis

Stacy Summary: Good morning.  Here are some headlines that caught my eye first thing.  Time now to go read through those 200+ comments.

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Taxpayers taken for a joyride (again) by the same troubled banks

Stacy Summary:  Factory farmed food and factory farmed consumers.  Oh it is just too gruesome.   What stories are you reading on this Sunday?  And is it cold where you are too???

Updates:

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