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06-28-2009, 09:10 PM #1
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More Ugly Details Emerge On "Geithner's Heist America P
ya ought to rad the rest of the article. We are witnessing the outright theft of the taxpayers money on a massive scale!
http://globaleconomicanalysis.blogspot. ... hners.html
Let's review the nature of the plan. If you have not yet done so, please read Geithner's Plan Can Succeed.
Geithner does not want a fair bidding process, nor does he want to arrive at a fair market value of assets. Rather, Geithner does want to avoid a hit to bondholders, at seemingly any taxpayer cost.
The Real Plan
Here is the real plan that now seems odds on to succeed.
The Plan: Dump $500 billion of toxic assets on to unsuspecting taxpayers via a public-private partnership in which 93% of the losses are born by the taxpayer.
Blatant Lies From Geithner
Geithner's two statements below are blatant lies.
1) “The investors are taking risk, their money is at risk and at stakeâ€Resistance to tyrants is obedience to God
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