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Tim Geithner: Getting his butt kicked

Posted by Greg L on January 28, 2010 · Leave a Comment

Please see my previous post today on the possibility that Obama’s treasury secretary, Tim Geithner, may see his head rolling soon here. Here are a couple of excerpts from the hearing yesterday. At issue is the use of taxpayer money to bail out AIG counterparties rather than just saving AIG itself and it appears that … Continue reading →

Filed under Financial Crisis, Politics · Tagged with AIG, Goldman Sachs, Timothy Geithner;Bank Bailouts

State of the Union

Posted by Greg L on January 28, 2010 · 1 Comment

I just finished listening to Obama’s state of the union speech and this is classic Obama. He’s an effective and excellent speaker, as he’s always been. As I get past his presentation and look at his positioning, it’s clear that he’s been somewhat chastened by the loss of Ted Kennedy’s seat and will now try … Continue reading →

Filed under Economics, Financial Crisis · Tagged with AIG, Bank Bailouts, Debt Defaults, Henry Paulson, Obama, Option ARMs, Timothy Geithner

“If we remain poor and dependent, the riches of other men will not avail us. If we are ignorant, the intelligence of other men will do but little for us. If we are foolish, the wisdom of other men will not guide us. If we are wasteful of time and money, the economy of other men will only make our destitution the more disgraceful and hurtful. “
Frederick Douglass
“If you form the habit of going by what you hear others say about someone, or going by what others think about someone, instead of searching that thing out for yourself and seeing for yourself, you will be walking west when you think you’re going east, and you will be walking east when you think you’re going west. This generation, especially of our people, has a burden, more so than any other time in history. The most important thing we can learn to do today is think for ourselves.”
Malcolm X
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