The case against Geithner As we sit here today, Wall Street continues to
exploit a policy of government-sponsored
giveaways and secrecy to pay themselves
billions. Record-setting bonuses due to banks
like Goldman Sachs as early next week.
Yet instead of acting as our cop, Treasury
Secretary Tim Geithner has become central to
what may be a cover-up of the greatest theft in
U.S. history.
Here is the evidence.
COUNT 1: The AIG e-mails: Recently-released e-mails show Geithner's New York Federal Reserve Bank directing AIG to keep details of the 100-cents-on-the-dollar bailout secret in 2008 — a reversal of the traditional role of government, which is to force companies to become more transparent, not less.
--more--
http://www.msnbc.msn.com/id/34822417/#Paulson a crook? Did he help deliberately engineer the current crisis? As I document in my forthcoming book, Power of Money: The Rise and Decline of the American Century, in every major US financial panic since at least the Panic of 1835, the titans of Wall Street-most especially until 1929, the House of JP Morgan-have deliberately triggered bank panics behind the scenes in order to consolidate their grip on US banking. The private banks used the panics to control Washington policy including the exact definition of the private ownership of the new Federal Reserve in 1913, and to consolidate their control over industry such as US Steel, Caterpillar, Westinghouse and the like. They are, in short, old hands at such financial warfare to increase their power....
What has emerged are the outlines of two opposite approaches to the unfolding crisis. The Paulson plan is now clearly part of a project to create three colossal global financial giants-Citigroup, JP MorganChase and, of course, Paulson's own Goldman Sachs, now conveniently enough a bank. Having successfully used fear and panic to wrestle a $700 billion bailout from the US taxpayers, now the big three will try to use their unprecedented muscle to ravage European banks in the years ahead. So long as the world's largest financial credit rating agencies-Moody's and Standard & Poors-are untouched by the scandals and Congressional hearings, the reorganized US financial power of Goldman Sachs, Citigroup and JP Morgan Chase could potentially regroup and advance their global agenda over the coming several years, walking over the ashes of a bankrupt American economy made bankrupt by their follies.
http://www.openleft.com/diary/8998/