The web of known parties guilty of fraud, coercion, or securities manipulation keeps getting bigger
I am 100% in favor of allowing Geithner to defend himself … In a court of law, for securities fraud.
And as I have stated before Paulson, Bernanke, and Bank of America ex-CEO Lewis as well.
So says Mish, and I agree completely. Do we still have rule of law or will the plunder of the country by greedheads be allowed to continue? What happened with AIG is, in every sense of the word, criminal. It now appears AIG, more than anyone else, is Ground Zero for the corruption, cover-ups, evasions, and financial ripoffs.
This was looting and a cover-up plain and simple.
A quick review: Damaging e-mails have revealed that Treasury Secretary Timothy Geithner urged AIG to withhold crucial information about the deterioration of its financial condition in the lead up to its demise. This will put further political pressure on Geithner, who has already been exposed for his dubious role in the Lehman Brothers bankruptcy.
Golly, would it be too much to ask for the hard left in the US and UK to get its head of its ass and organize on this? Rather than having pissing contests about whether Iran is a ‘mature democracy’ or if the protesters are boojie (and thus presumably deserve to be tortured and raped.) The breadth and depth of such self-marginalizing idiocy is astonishing. Hello, that crisis of capitalism you’ve waited decades for is finally here. So of course the only thing to do is ignore it and go off on bizarre tangents instead. Are they just summer soldiers? Dunno. But by their own hand they are now mostly useless and irrelevant.