Is Tim Geithner, Secretary of Treasury a CROOK?

Is Tim Geithner, Secretary of Treasury a CROOK?

It is now clear that those who were paid to protect the taxpayer, government regulators were working for the crooks that cheated the taxpayers.

The head crook was Tim Geithner, then head of the New York Fed and now US Treasury Secretary.  He was responsible to negotiate the purchase of toxic assets held by the insurance giant AIG that were purchased from Wall Street swindlers, Goldman Sachs and others.

The reports on how TARP funds were used stated the following:

The Geithner's team paid; "an amount far above their market value at the time."

"There is no question that the effect of FRBNY's decisions -- indeed, the very design of the federal assistance to AIG -- was that tens of billions of dollars of Government money (YOUR MONEY) was funneled inexorably and directly to AIG's counterparties (Wall Street)," the Office of the Special Inspector General for the Troubled Asset Relief Program said.  To read the report click here.

The cost to the taxpayers of this one bailout was over $27 billion of your money.

Why?  Did they know what they were doing?  Yes!  This is another data point in the growing evidence that these Wall Street crooks had government insider help in stealing over $2 trillion from the American taxpayer.

Remember Geithner, while the head of the NY Fed, watched while banks made liar loans, subprime loans, negative amortization loans, no income no asset loans; all should have been stopped as too risky for taxpayer insurance and said nothing.  He watched while Wall Street crooks bundled these bad loans, securitized them, and sold trillions of dollars worth of these bad loans as good investments and he said nothing.

Geithner along with Paulson, Goldman crook, Bernanke, Chairman of the Fed, did nothing to stop the fraud.

In fact they screwed us twice; once when they refused to enforce the financial regulations that would have stopped the bad loans from being made and then again when they helped the crooks get their money back from the taxpayers.

TARP funds are still being given to Wall Street and banks, and the Fed is lending your money at zero interest to Wall Street and banks.

Please email your elected representative and tell them what you think.

To read more stuff like this click here.