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Now this will really make you mad! Where are the pitchforks!
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Joined: Wed Sep 16, 2009 6:54 am
Posts: 345
Post Now this will really make you mad! Where are the pitchforks!
http://www.infowars.com/the-video-that- ... hind-bars/
Click on video!

The Video That Will Put Geithner Behind Bars!

Mike Whitney
Information Clearing House
March 14, 2010

If this doesn’t convince you that the Timothy Geithner knew about the securities shenanigans that were going on at Lehman, than I don’t know what will.

Keep in mind, that Geithner ran Lehman through 3 “stress tests” prior to bankruptcy; all of which Lehman failed, and yet, nothing was done. Anton R. Valukas–the examiner who wrote the 2,200 page investigative-report which was released on Thursday– has provided plenty of information detailing Lehman’s “materially misleading” accounting and “actionable balance sheet manipulation.”

In other words, they cooked the books.

Eves Smith at Naked Capitalism sums up what was going on like this:

“Quite a few observers… have been stunned and frustrated at the refusal to investigate what was almost certain accounting fraud at Lehman. ….The unraveling isn’t merely implicating Fuld (Lehman CEO) and his recent succession of CFOs, or its accounting firm, Ernst & Young, as might be expected. It also emerges that the NY Fed, and thus Timothy Geithner, were at a minimum massively derelict in the performance of their duties, and may well be culpable in aiding and abetting Lehman in accounting fraud and Sarbox violations….

We need to demand an immediate release of the e-mails, phone records, and meeting notes from the NY Fed and key Lehman principals regarding the NY Fed’s review of Lehman’s solvency. If, as things appear now, Lehman was allowed by the Fed’s inaction to remain in business, when the Fed should have insisted on a wind-down ….. at a minimum, the NY Fed helped perpetuate a fraud on investors and counterparties.

This pattern further suggests the Fed, which by its charter is tasked to promote the safety and soundness of the banking system, instead, via its collusion with Lehman management, operated to protect particular actors to the detriment of the public at large.

And most important, it says that the NY Fed, and likely Geithner himself, undermined, perhaps even violated, laws designed to protect investors and markets. If so, he is not fit to be Treasury secretary or hold any office related to financial supervision and should resign immediately. (Naked Capitalism)

Repeat: “Accounting fraud”, “collusion”, “aiding and abetting.” These are serious charges by a usually restrained blogger.

And this is from Zero Hedge:

“Lehman has become merely the latest example of all that is broken with today’s crony capitalist system…. The evident conclusion is that the core driver of modern capitalist society is fraud at its very core, and nothing short of a massive revolutionary overhaul of the political system, which is the number one defender .. of very lucrative bribes and kickbacks originating from the same rotten Wall Street that (is) nothing but a sham filled with toxic assets” Zero Hedge

This story isn’t going away. Someone has to go to jail. It’s clear that Geithner acted as the “chief facilitator” of industrial scale securities flim-flam which led directly to the Great Crash of ‘08. He needs to be held accountable for his actions.


Sun Mar 14, 2010 3:39 pm
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Post Re: Now this will really make you mad! Where are the pitchforks!
The chance of Geitner being held accountable is about the same as a certain community organizer's lawsuits and organizing against banks led to the sub prime market itself being held accountable. Or about the same chance as a senator who's apartment was used by a male prostitution ring being held accountable for the screw ups at Fannie or Freddie.


Sun Mar 14, 2010 4:14 pm

Joined: Fri Oct 30, 2009 4:56 pm
Posts: 2029
Location: Indiana
Post Re: Now this will really make you mad! Where are the pitchforks!
Little Timmy Geithner is too well connected to fail.
Hmmmm... wonder if he is a member of Skull and Bones???


Sun Mar 14, 2010 4:38 pm
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Post Re: Now this will really make you mad! Where are the pitchforks!
Ok folks, here's how I see it:
We will get healthcare, most probably, despite the fact that the clear majority of the citizens have said NO.
We have a president that clearly wants to takeo ur country away from the Constitution.
We have a congress who thinks we don't know anything, refuses to listen to us and has shown nothing but contempt for us.
We have loans that can never EVER be paid back.
This year's deficit alone would require we be taxed at 80% and all spending cease in order for it to be erased.
We have communists in the White House...honest to gosh, card carrying socialist and communists, working along side the president.
We have have foreign troops on our soil, training with our own troops, in order to quell civil disturbances by US!
Our country is failing...our politicians are nothing but corrupt shills.
Our economy has be deliberately destroyed.
Some randon ass planet is coming close enough to create magnetic disturbances, our poles are shifting and we are worrying about little Timmy?

Nothing is going to be done about Timmy. Before we could even gather the tar and feathers, he'll be on a plane to his island retreat. Something is going to blow soon, and I am not going to let anything distract me any more from getting prepared.


Sun Mar 14, 2010 5:33 pm
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Joined: Wed Mar 17, 2010 11:49 pm
Posts: 2208
Post Re: Now this will really make you mad! Where are the pitchforks!
Well wasn't this decided when he was confirmed as Secy of Treasury even though it was known that he "forgot" to pay $24,000 in fed income taxes ? He already has his free pass. Just more Chicago politics.

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Thu Mar 18, 2010 12:43 pm
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