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To: woogerbear who wrote (201451)5/9/2009 12:02:56 PM
From: Skeeter BugRespond to of 306849
 
WB, i know nothing except what is publicly available. i listen to guys like stiglitz and william black and i discern they are telling the truth - so i repeat that truth here.

ritholtz.com

it is public knowledge that geithner plans to give trillions to the banks and transfer the toxic assets to private companies with a 94% loan from the government - a NONRECOURSE loan.

when those assets fail, as i believe they most assuredly will, the tax payers eat the loss while the bankers keep their trillions.

William Black discussed how the bankers ran a similar scam back when he was a bank regulator during the S&L crisis.

geithner and obama work for the banks - not the people.

i reach this conclusion based on what they DO, not what they say or how others feel.



To: woogerbear who wrote (201451)5/9/2009 10:29:47 PM
From: ProDeathRespond to of 306849
 
It looks like the facts are open to all manner of interpretation.

messages.finance.yahoo.com