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The Question Tim Geithner Refuses To Answer

Started by NicholeW., March 31, 2009, 07:09:11 AM

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NicholeW.

March 31, 2009, 07:09:11 AM
The Question Tim Geithner Refuses To Answer
Henry Blodget. Huffington Post. March 30, 2009

http://www.huffingtonpost.com/henry-blodget/the-question-tim-geithner_b_180848.html

Tim Geithner did a good job on the Sunday talk-show circuit yesterday. He has survived his near-death experience of two weeks ago, and the betting odds that he'll be ousted by June have fallen back to 10%.

But there's one question he still refuses to answer. Why is he bailing out the people who lent trillions of dollars to our now-insolvent banks?

Each of the financial institutions that Geithner is desperate to bail out has tens or hundreds of billions of dollars that could be used to cover losses before the taxpayer had to cough up a dime. And with the exception of Lehman Brothers (and, now, General Motors), Geithner has protected these gigantic pools of money to the tune of 100 cents on the dollar.

Who are these people?
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