If you want to know what that means consider this: You and I don’t hold any Derivatives. the 0.2% does. We only know of $ 212 Trillion according to this article but calculations about the “shadow banking world” Derivatives(the off the books money supplies which I might add would get our asses in jail if […]
Tag Archives: Geithner
Yesterday we broke the news of what is prima facie evidence, sourced by none other than the Federal Reserve’s official August 16, 2007 conference call transcript, that then-NY Fed president and FOMC Vice Chairman Tim Geithner leaked material, non-public, and very much market moving information (the “Geithner Leak”) to at least one banker, in this […]
If Greece defaults even partially it will trigger the insurance hedges countries have taken to insure their risks against foreign Currencies. This is what will be the result: Late last night S&P placed Greece into “Selective Default” again. This is not the first time that Athens has been placed in the jailhouse and perhaps it […]
Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt […]
For those of you who think nothing is being said in the MSM about both the Financial Global Collapse and the LIBOR rigging scam may I remind you that this is August and that every politician, journalist, banker and their dog on the Northern Hemisphere is currently on holiday so not a lot seems to […]
Last week the US maxed out on it’s credit card. SO what do you do if that happens to you? You stop spending and you try to pay it back right? Neh, not the US, they just upped the debt limit and rob all those who did save for a rainy day to pay for […]
What is causing the problems in the financial system? Oh oops, derivatives. So what does the “Secretary of the Treasury” Timothy Geithner, former president of the privately owned Federal Reserve do? Make them exempt of regulation and oversight of course. When a banker speaks he lies!!! On Friday, the witching hour of government press releases […]
Does this guy remind you of someone? Yep, you guessed it. Our own Slippery John Key. the same John Key who ran the derivatives scam for Merrill Lynch. Here he is seen avoiding ruling out that the banks who are still selling their derivatives crab will need more bailouts funded by the taxpayer. In this […]
“We will preserve the banking system that is owned and managed by the private sector” Treasury Secretary Timothy Geithner. Timothy Geithner is putting the finishing touches on a plan that will dump $1 trillion of toxic assets onto the US taxpayer. The plan, which goes by the opaque moniker the “Public-Private Investment Fund” (PPIF), is […]
