The “Geithner Put”: It’s time to break up the big banks

“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 […]