Geithner’s Legacy: The “0.2%” Hold $7.8 Trillion, Or 69% Of All Assets; And $212 Trillion Of Derivative Liabilities

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 […]

Presenting The S&P500’s 50 Point Surge Courtesy Of The Illegal “Geithner Leak”

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 […]

Greece ‘Selective Default’ And Geithner’s ‘Selective Memory’

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 […]

Max and Stacey with Michael Hudson: the Inside Man or How The Bankster Mob Took the World

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 […]

Geithner Exempts a $30 Trillion Derivatives Market From Regulation and Oversight

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 […]

Slippery Geithner Refuses to Rule Out Using American Taxpayer as Piggy Bank for Derivatives Loses

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 […]

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 […]