"He proposed asking Congress to give the president broad power to
guarantee all the debt in the banking system, according to two
participants, including Michele Davis, then an assistant Treasury
secretary.

The proposal quickly died amid protests that it was politically
untenable because it could put taxpayers on the hook for trillions of
dollars.

“People thought, ‘Wow, that’s kind of out there,’ ” said John C.
Dugan, the comptroller of the currency, who heard about the idea
afterward. Mr. Geithner says, “I don’t remember a serious discussion
on that proposal then.”

But in the 10 months since then, the government has in many ways
embraced his blue-sky prescription. Step by step, through an array of
new programs, the Federal Reserve and Treasury have assumed an
unprecedented role in the banking system, using unprecedented amounts
of taxpayer money, to try to save the nation’s financiers from their
own mistakes. "

More at...

http://www.nytimes.com/2009/04/27/bu..._r=1&th&emc=th
--
John H

For a great time, go here first... http://tinyurl.com/d3vxvm

On Mon, 27 Apr 2009 14:52:59 -0400, John H
wrote:

"He proposed asking Congress to give the president broad power to
guarantee all the debt in the banking system, according to two
participants, including Michele Davis, then an assistant Treasury
secretary.

The proposal quickly died amid protests that it was politically
untenable because it could put taxpayers on the hook for trillions of
dollars.

“People thought, ‘Wow, that’s kind of out there,’ � said John C.
Dugan, the comptroller of the currency, who heard about the idea
afterward. Mr. Geithner says, “I don’t remember a serious discussion
on that proposal then.�

But in the 10 months since then, the government has in many ways
embraced his blue-sky prescription. Step by step, through an array of
new programs, the Federal Reserve and Treasury have assumed an
unprecedented role in the banking system, using unprecedented amounts
of taxpayer money, to try to save the nation’s financiers from their
own mistakes. "

More at...

http://www.nytimes.com/2009/04/27/bu..._r=1&th&emc=th

Funny how GM gets jumped all over for taking not even a tenth of the
money as the banks.
Did you happen to see the Sunday interview of Larry Summers by Chris
Wallace? He's BO's "economic advisor."
Turns out Summers made over $5 million last year as a "financial
consultant" for Wall Street firms trading derivatives.
That was for working ONE DAY A WEEK.
To HELP DESTROY THE ECONOMY!
What is that Scotty says? We're screwed?
hehe. Gotta laugh to keep from crying.

--Vic

wrote:
On Apr 28, 7:43 am, HK wrote:
wrote:
. Turns out MSNBC who is owned by GE
GE has been the majority owner of RCA since the mid-1980s,
****-for-brains. Maybe GE's ownership of NBC is news to you but it isn't
news to anyone whose brain has been working the last 20 or so years.

You really need to set your inferiority complex aside and read for
content... I didn't say "Turns out MSNBC *is* owned..." I said "Turns
out MSNBC *who is* owned..." Now get back under your desk and let the
adults talk among themselves... Besides, your deflections don't change
the facts...

The most corrupt congress in history, holding hands with the most
criminal administration in history, we're screwed!

You really are dumb as dirt.

On Mon, 27 Apr 2009 20:21:10 -0500, Vic Smith
wrote:

On Mon, 27 Apr 2009 14:52:59 -0400, John H
wrote:

"He proposed asking Congress to give the president broad power to
guarantee all the debt in the banking system, according to two
participants, including Michele Davis, then an assistant Treasury
secretary.

The proposal quickly died amid protests that it was politically
untenable because it could put taxpayers on the hook for trillions of
dollars.

“People thought, ‘Wow, that’s kind of out there,’ ” said John C.
Dugan, the comptroller of the currency, who heard about the idea
afterward. Mr. Geithner says, “I don’t remember a serious discussion
on that proposal then.”

But in the 10 months since then, the government has in many ways
embraced his blue-sky prescription. Step by step, through an array of
new programs, the Federal Reserve and Treasury have assumed an
unprecedented role in the banking system, using unprecedented amounts
of taxpayer money, to try to save the nation’s financiers from their
own mistakes. "

More at...

http://www.nytimes.com/2009/04/27/bu..._r=1&th&emc=th

Funny how GM gets jumped all over for taking not even a tenth of the
money as the banks.
Did you happen to see the Sunday interview of Larry Summers by Chris
Wallace? He's BO's "economic advisor."
Turns out Summers made over $5 million last year as a "financial
consultant" for Wall Street firms trading derivatives.
That was for working ONE DAY A WEEK.
To HELP DESTROY THE ECONOMY!
What is that Scotty says? We're screwed?
hehe. Gotta laugh to keep from crying.

--Vic

I can't abide liars and MSNBC - or is that a redundancy.

Scotty's right. Integrity is not an asset prized by many liberals.
--
John H

For a great time, go here first... http://tinyurl.com/d3vxvm

On Apr 28, 6:39*am, John H wrote:
On Mon, 27 Apr 2009 20:21:10 -0500, Vic Smith





wrote:
On Mon, 27 Apr 2009 14:52:59 -0400, John H
wrote:

"He proposed asking Congress to give the president broad power to
guarantee all the debt in the banking system, according to two
participants, including Michele Davis, then an assistant Treasury
secretary.

The proposal quickly died amid protests that it was politically
untenable because it could put taxpayers on the hook for trillions of
dollars.

“People thought, ‘Wow, that’s kind of out there,’ ” said John C.
Dugan, the comptroller of the currency, who heard about the idea
afterward. Mr. Geithner says, “I don’t remember a serious discussion
on that proposal then.”

But in the 10 months since then, the government has in many ways
embraced his blue-sky prescription. Step by step, through an array of
new programs, the Federal Reserve and Treasury have assumed an
unprecedented role in the banking system, using unprecedented amounts
of taxpayer money, to try to save the nation’s financiers from their
own mistakes. "

More at...

http://www.nytimes.com/2009/04/27/bu...tml?_r=1&th&em....

Funny how GM gets jumped all over for taking not even a tenth of the
money as the banks.
Did you happen to see the Sunday interview of Larry Summers by Chris
Wallace? *He's BO's "economic advisor."
Turns out Summers made over $5 million last year as a "financial
consultant" for Wall Street firms trading derivatives.
That was for working ONE DAY A WEEK.
To HELP DESTROY THE ECONOMY!
What is that Scotty says? *We're screwed?
hehe. *Gotta laugh to keep from crying.

--Vic

I can't abide liars and MSNBC - or is that a redundancy.

Scotty's right. Integrity is not an asset prized by many liberals.
--
John H

For a great time, go here first...http://tinyurl.com/d3vxvm- Hide quoted text -

- Show quoted text -

MSNBC snerk. The truth is starting to come out when it comes to
them. Turns out MSNBC who is owned by GE has a good reason to be in
the tank for Obama. Haliburton was nothing compared to the conspiracy
coming with them. GE is setting themselves up as middlemen for "cap
and trade" and stands to make Billions (with a B!) if C+T goes
through. There was an article last week about the VP of CNBC being
scolded for acutally giving factual reproting and some actual negative
stories about Obama during the election. He noted he was sent for a
week to a "re-education camp" to "learn" how to cover the candidate.
Isn't this what the Russians, Chinese, and North Koreans do when
someone does not toe the line?

The most corrupt congress in history holding hands with the most
criminal administration in history, we're screwed...

wrote:
. Turns out MSNBC who is owned by GE


GE has been the majority owner of RCA since the mid-1980s,
****-for-brains. Maybe GE's ownership of NBC is news to you but it isn't
news to anyone whose brain has been working the last 20 or so years.

On Apr 28, 7:43*am, HK wrote:
wrote:
. Turns out MSNBC who is owned by GE

GE has been the majority owner of RCA since the mid-1980s,
****-for-brains. Maybe GE's ownership of NBC is news to you but it isn't
news to anyone whose brain has been working the last 20 or so years.

You really need to set your inferiority complex aside and read for
content... I didn't say "Turns out MSNBC *is* owned..." I said "Turns
out MSNBC *who is* owned..." Now get back under your desk and let the
adults talk among themselves... Besides, your deflections don't change
the facts...

The most corrupt congress in history, holding hands with the most
criminal administration in history, we're screwed!