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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Paul V. who wrote (119101)	12/3/2011 8:29:09 PM
From: joseffy	4 Recommendations Read Replies (1) \| Respond to of 224718

Lefty Paul V writes: Geither seems to have excellent credentials. CORRECTION: TAX CHEAT Geither seems to have excellent credentials.

To: Paul V. who wrote (119101)	12/4/2011 9:02:53 AM
From: joefromspringfield	2 Recommendations Respond to of 224718

I will start with Geithner. I guy I know is a retired tax attorney. He practiced in Washington DC. His office is within sight of the pentagon and he was there on Sept. 11 2001. He felt that the Geithner's tax problem would disqualify him from employment at the IRS. As to the financial crisis. I have studied it closely. HBO had a movie "Too big to fail". If you haven't seen it you should watch it. Paulson, Bernanke and Geithner worked as a team. According to the movie it was Geithner's Idea to make the banks even bigger by proposing mergers. His purpose was to have the health banks save the troubled banks by acquiring them. After watching the movie, I wanted to see if it differed with Paulson's account of what happened. I read Paulson's book "On the brink". The book went into a lot more detail but I didn't find anything that was at odds with the movie. After seeing what they did, I feel they did the right thing for the most part. I respect all three of them. On the GM bailout. I totally disagree with the approach take. I would have gone the same route that American Airlines is going through. I realize that government loan guarantees might be required to get the banks to put up the money needed to keep going during the bankruptcy proceedings. What was done was a bailout of the UAW to buy votes. The bondholder were screwed. I don't feel the bailout followed the rule of law. Since it was the federal government who robbed them they probably can't sue. I feel sorry for Geithner. He went through a lot during the financial crisis and I suspect he would like to move on but it doesn't seem like this administration can find a good replacement. Jon Corzine was floated but he may be lucky to escape jail time. This administration is constantly bashing the very businesses and people who are needed to turn this economy around and return to full employment. Delaying the decision on the pipeline from Canada is costing Americans thousands of jobs. This president seems to me to have as little interest in growing private sector business as I do when it comes to growing government.