Why I have contended that Turbo Timmy is the WORST SecTreasury ever. He is not only a sleazy tax cheat, he's a proven leaker of insider info to, of course, TBTF banks. This time the evidence is found in the transcripts of the FOMC meetings.
There are also of course the indications, yet unproven, that he was aware of the LIBOR fixing conspiracy and did nothing about it. The banks are 'fessing up, however, and paying big, big moolah in fines and penalties.
This really is the last straw. Utterly outrageous. Worse than Phil Gramm, worse than Rubin, the mind boggles at the arrogance. It ought to be a page one story in the NYT but all it got was a few words in the business section yesterday, the least read edition. What is significant is hat the accusation is made by another regional Fed president, and he has not backed down from it, describing specifically what he knows.
nytimes.com;
And nothing is going to happen given the utter capture of the present Administration by financial interests. I am a libertarian, neither conservative nor liberal, but it amazes me that the liberals can close their eyes to this. Of course, the GOP is an identical twin, so we are basically screwed until things really change.
He'll get a fine job at a TBTF bank, get his payoff, but he should be wearing an orange jumpsuit.
zerohedge.com |
