I've been complaining about this tax-cheating son of a whore since he got appointed to his position, and I'm not about to stop now, because this time I was *right* (months ago) and the only thing I like more than fried chicken and sex is being right. It gives me an erection of the ego, or as I call them egorections, which tend to last much longer and be much more fulfilling than actual erections. For those of you who get your news from TMZ and don't know who this man is, he is Tim Geithner, our beloved Secretary of the Treasury. For you TMZ guys, this doesn't mean he answers phones and screws the boss after hours, it means he is in charge of the Treasury department. People seem to have this missconception that the Treasury department = The central bank (Federal Reserve in our case), but this could not be further from the truth. It's function is to act as the regulator of the government's purse strings... This includes the collection of tax monies and prosecution of tax cheats (Which Geithner actually is) as well as supervising the Federal banking system (bullshit). He is the head of the department tasked with protecting us from the ne'er-do-wells who would take us to the cleaners and fleece us if given the opportunity. In this capacity, Timmy has failed.
To be fair and balanced, I will preface the following with this disclaimer... what Timmy the Tax Cheat did, was done during his tenure at the New York Federal Reserve, and not in his current role as Secretary of the Treasury, but seriously, is this the type of person who should have been tapped to do this job? I don't think so... Homey don't play that.
It has now come to light that Timmay and staff requested that embattled insurer AIG *hide* details from the public (Public company, not allowed) pertaining to the moronic repayment at 100% of credit default swaps to the big Wall Street banks, especially Golden Sacks (I covered this topic months ago, October 15th to be exact...). The most disturbing part of this is that AIG was *trying* to re-negotiate the terms of these CDS's with the big banks, basically telling them "Negotiate, or fuck you." when the NY Fed stepped in and put the kibosh on any such negotiation. Even worse, they insisted that AIG leave out mention of this in its report to the SECURITIES AND EXCHANGE COMMISSION...
In the end, Timmy's boys and girls and their manipulations cost "we the people" nearly 28 Billion dollars... This was the "secret bailout" (Which I covered on October 13th of last year) that helped Golden Sacks make record profits last year. Basically, the NY Fed (Most powerful branch of the Federal Reserve) strong armed us into wasting tax dollars to make their rich friends richer... After all, Wall Street and Madison Ave are located in New York, why wouldn't they? I can only hope that this man will be fired from his position and disgraced in the world of finance, I say "only hope" because it probably won't happen...
I now return you to your regularly scheduled news (You know, the stuff you care about)... Poor Tila Tequilla... what ever will she do without her dead drug addicted spoiled brat heiress of a lesbian lover???
07 January, 2010
Subscribe to:
Post Comments (Atom)
Your DAILY Dose - Jon Stewart or Stephen Colbert Break it down.
| The Daily Show With Jon Stewart | Mon - Thurs 11p / 10c | |||
| Exclusive - Al Gore Extended Interview Pt. 1 | ||||
| www.thedailyshow.com | ||||
| ||||

0 comments:
Post a Comment
In order to foster an atmosphere of creative discussion,I have disabled anonymous posting. You don't have to be a member of the blog itself, but must at least have a google account... and hey, nowadays, who doesn't? SKYNET LIVES!