Timothy Geithner

AYFKM? Now Bernanke Wants To Put The Brakes On?

Ben Bernanke is so deserving of this next AYFKM? Award for his warning today about the US debt, and how The Fed won't "monetize" the debt, all the while not taking responsibility for his part in the financial fiasco. Bernanke delivers warning on U.S. debt Stage is set in U.S. for a Greek tragedy With uncharacteristic bluntness, Federal Reserve Chairman Ben S. Bernanke warned Congress on Wednesday that the United States could soon face a debt crisis like the one in Greece, and declared that the central bank will not help legislators by printing money to pay for the ballooning…
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Live Streaming: The Geithner, Paulson, AIG Show On Wed. 1.27.2010

Want to watch a couple of former Goldman Sachs executives squirm while they try to explain a cover-up? At 10am eastern, 1.27.2010, on C-Span 3, Timothy Geithner and Hank Paulson are going to be in House hearings about The NY Fed, AIG, Goldman Sachs, the SEC and 'national security'.  Click the C-Span 3 link to watch it streaming live on Wed. For those that need a bit more information, Judge Napolitano speaks with Lew Rockwell about the ever growing mess that Geithner is finding himself in with thousands of emails that cover up just how Goldman Sachs was paid 100…
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The Executive Compensation Double Standard

How is it that the Obama administration can go after executive bonuses from Wall Street banks yet continue to give millions of dollars of our hard earned money to the executives of the two giants now currently on taxpayer funded life support? Hmmm? Ah, the double standard of Chicago politics... Geithner’s Gift to America—Unlimited Liabilities for Taxpayers and $42 Million in Wall Street-Style Compensation for 12 Government Employees "The economic miracle that has been the United States was not produced by socialized enterprises...It was produced by private enterprises in a profit-and-loss system." --Milton Friedman BACKGROUND: On Christmas Eve, the Department…
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Government Growth: IRS Hires Hundreds To Chase Wealthy

The only sector during the recession that is growing is the public sector.  How many caught this story yesterday in USA Today? For feds, more get 6-figure salaries Average pay $30,000 over private sector By Dennis Cauchon USA TODAY The number of federal workers earning six-figure salaries has exploded during the recession, according to a USA TODAY analysis of federal salary data. Federal employees making salaries of $100,000 or more jumped from 14% to 19% of civil servants during the recession's first 18 months — and that's before overtime pay and bonuses are counted. Federal workers are enjoying an extraordinary boom…
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