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Tag Archives: Geithner

Geithner met with Obama just before warning S&P that the debt downgrade by the company would be met with a “response” from Washington

In January Bloomberg reported that Tim Geithner called the CEO of Standard and Poor’s after the company downgraded US debt to explain that the move would have “ramifications” for the company. Now S&P finds itself embroiled in a lawsuit driven by the Justice Department which S&P says is punishment for the downgrade. Read More

How the corrupt rich get richer with cronyism

It’s sad but true. The combination of no moral compass and political connections can create a powerful money making (taking) concoction. And there are far too many people with this general disposition wandering Capitol Hill and the mirrored buildings of Downtown Washington DC.

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George Will Says Break Up the Big Banks

The mega-banks are “mega” because the government helped make them that way. Instead of letting the big banks fail in 2008, Hank Paulson swept in and backstopped them, bailed them out, even though the market was trying to correct for years of stupidity both from Wall Street and Washington. The universe wanted to break up the cartel, but the government would not let it.

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