"Geithner sees signs of financial healing" by Jim Kuhnhenn, Associated Press | May 21, 2009
WASHINGTON - Declaring that the financial system was "starting to heal," Treasury Secretary Timothy Geithner said yesterday that major banks had raised $56 billion since stress tests showed several in need of more capital - a sign of emerging investor confidence.
As if it is a FEELING, SENTIENT BEING!! These guys are SICK, folks!!!!
Geithner also said a public-private program to rid institutions of their worst assets would be in place by July.
You are gonna get f***ed again, taxpayer.
See: Taxpayer Bailouts Never End
Bend over!
The hopeful assessment was laden with caution, however. Geithner warned the Senate Banking Committee that he would not discuss an "exit strategy" for the government's $700 billion intervention in major private sector institutions. "It's not quite time yet," he told Senator Richard Shelby, a Republican of Alabama.
Confronting anxiety among both Democrats and Republicans, Geithner said that resolving the business entanglements of insurance conglomerate American International Group would take longer than envisioned.
They don't really mean to unravel it!
Please read: Government to Conduct Anal Probe of AIG
And he disputed Republican assertions that bank repayments of government infusions cannot be used for further assistance to the financial system.
Oh, so he's going to take the REPAYMENTS to TAXPAYERS and GIVE THEM to OTHER BANKS, huh?
F*** you, Doc!!!!
All in all, senators from both parties voiced skepticism about the degree to which the Treasury has intervened in companies and about what it has done or failed to do with the leverage it has gained over those firms. Such doubts are surfacing as Geithner and the Obama administration prepare to seek congressional action on a financial regulatory overhaul, with some urging quicker action.
Honestly, I'm sick of the s*** fooleys and political crap served up for 'murkn consumption.
In a recurring line of questioning, committee chairman Christopher Dodd, a Connecticut Democrat, asked Geithner why major AIG creditors, which include Goldman Sachs and Merrill Lynch, had been permitted to recoup the entirety of their investment in the company. The government has injected $70 billion into AIG and owns about 80 percent of its assets.
Dodd's got his own problems: Dodd's Financial Friends Fly to Campaign's Rescue
Geithner said the administration didn't have the authority to extract such concessions from AIG creditors....
But they can bend over auto unions and theirs!!!
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Well, you see who the bankers and government are working for, right?
Obama's Big Bad Wolf Impression
Need more?
Flashback:
WASHINGTON - Financial sector executives should not fear US government imposed caps on their salaries even as the Obama administration moves to influence how firms pay their employees.
Treasury Secretary Timothy Geithner said yesterday government should place "broad constraints" on the incentives that huge pay packages create for executives to take short-term risks. But he drew the line at government determining levels of pay.
"I don't think our government should set caps on compensation," Geithner said during an interview at an invitation-only luncheon hosted by Newsweek....
No, they should only fuck over unions!
Geithner also said the US economy is stabilizing but unemployment would continue to rise. He pointed to positive signs in the economy, including improvements in credit markets. But he called the recession the most challenging economic crisis the nation has seen in generations.
I'm so sick of the fart-misting f***ing lies, I can't type it!
"We're not going to have a steady, even process of repair," he said. "It's going to be bumpy and still feel fragile for a while. It's not going to feel better for a long time for millions of Americans."
That's because IT WON'T BE, period!!!!!!!!
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Btw, folks, this destruction was done ON PURPOSE for their GLOBALIST DOMINATION PLANS!
I just wanted you to know how much they are trying to "fix" the problems the whiz men caused!
