Economy
Are Obama and Geithner the twins from hell? by Mark Ames
A lot of us have been wondering, despondently, why the Hell Barack Obama is keeping Timothy Geithner on the job as Treasury Secretary, given his central role in the plunder of trillions of dollars from American taxpayers, and his record of subverting democracy in the service of Wall Street billionaires. Geithner’s the guy that drove the getaway car in the heist — so why was he hired to run the Treasury?
Spitzer: Federal Reserve is ‘a Ponzi scheme, an inside job’ by Daniel Tencer
The Federal Reserve — the quasi-autonomous body that controls the US’s money supply — is a “Ponzi scheme” that created “bubble after bubble” in the US economy and needs to be held accountable for its actions, says Eliot Spitzer, the former governor and attorney-general of New York.
Maddoff Has Nothing On America's True Ponzi Schemers by Bill Moyers
One of America's top bank fraud experts explains the financial industry's "liar's loans" and wholesale greed that got us in this mess.
Have Geithner's Zombie Ideas Won? Paul Krugman on the "Cash for Trash" Program by Amy Goodman
Amy Goodman: Treasury Secretary Timothy Geithner has unveiled the Obama administration’s plan to finance the purchase of up to $1 trillion in so-called toxic assets from banks and other ailing financial institutions. The plan relies on private investors, namely hedge funds and private equity firms, to team up with the government to relieve banks of assets tied to loans and mortgage-linked securities.
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