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Strategies & Market Trends : The Residential Real Estate Crash Index
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From: ChanceIs6/22/2010 1:36:58 PM
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Geithner: LIAR (from Karl Denninger)

Gee Timmy, are you going to revisit this line of utter bullshit you ran on the American public?

"With the recent announcements on repayments, we are now on track to reduce TARP bank investments by more than 75 percent, while earning a healthy profit on that commitment, " (December '09)

PROFIT means that after expenses you have more money than you started with.

So what the hell is this?

Geithner estimated that TARP would end up costing taxpayers $105 billion. (This morning)

You lying sack of crap.

I said at the time that this program would be a monstrous net loss for the taxpayer, and I was right - and you were wrong.

$500 says that not one mainstream media source calls you on your horsecrap lie that TARP would "make a profit" for the American Taxpayer.

Oh, and the banks? They paid out right near $100 billion in 2009 in salaries and bonuses. Guess where they got the money? Yep. They stole it from you, the taxpayer, by placing their MOLE, Geithner, in Treasury where he literally handed them YOUR MONEY.

Geithner should be fired.

PS: That "estimate" almost certainly does not include GM's BS claim of "repaying" Treasury - with other bailout funds. If anything, this is a gross understatement of the losses taxpayers are being forced to absorb in order to protect the fraud and looting by the banks.
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