How Tim Geithner Saved the Banks-with Ben Bernanke's Help

Jan 12, 2013 Full story: www.theatlantic.com 6

It's hard to remember now, but there was a time when some people thought Tim Geithner wouldn't be long for the Treasury.

It was March 2009, and the world still looked like it was about to end. There had been TARP. There had been an alphabet soup of Fed lending programs. And there was President Obama's big fiscal stimulus that was just about to kick in. But despite all of that money rushing into the banks and the economy (but mostly the banks), the banks and the economy kept collapsing (but especially the banks).

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Since: Dec 07

Athens, TX

#1 Jan 12, 2013
was a Democratic Congress bailout, not a Bush bailout. Bush was just doing what he had to do to fix the mess that the Democrats made of Fannie Mae and Freddie Mac and the mortgage industry. The Republicans had tried for years to get regulators to fix the mortgage problem but it was blocked by the Democrats, ACORN and their lawyer Barack Obama.
Even Bill Clinton faults the Democrats

Most of the deregulation that has lead to our current state the deregulation of the US Banking industry was started by Carter and accelerated by Reagan and was continued under Clinton. Bush's attempts to regulate fannie/freddie was blocked in the senate by Dodd and Frank.
Bill SqPants

Nha Trang, Vietnam

#2 Jan 12, 2013
Bluebonnets-Thistle wrote:
was a Democratic Congress bailout, not a Bush bailout. Bush was just doing what he had to do to fix the mess that the Democrats made of Fannie Mae and Freddie Mac and the mortgage industry. The Republicans had tried for years to get regulators to fix the mortgage problem but it was blocked by the Democrats, ACORN and their lawyer Barack Obama.
Even Bill Clinton faults the Democrats
Most of the deregulation that has lead to our current state the deregulation of the US Banking industry was started by Carter and accelerated by Reagan and was continued under Clinton. Bush's attempts to regulate fannie/freddie was blocked in the senate by Dodd and Frank.
Cowboys! Demo had muchacho Nemo!!;-000

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#3 Jan 12, 2013
Bluebonnets-Thistle wrote:
was a Democratic Congress bailout, not a Bush bailout. Bush was just doing what he had to do to fix the mess that the Democrats made of Fannie Mae and Freddie Mac and the mortgage industry. The Republicans had tried for years to get regulators to fix the mortgage problem but it was blocked by the Democrats, ACORN and their lawyer Barack Obama.
Even Bill Clinton faults the Democrats
Most of the deregulation that has lead to our current state the deregulation of the US Banking industry was started by Carter and accelerated by Reagan and was continued under Clinton. Bush's attempts to regulate fannie/freddie was blocked in the senate by Dodd and Frank.
What a wack theory.

Look up:
deregulation
non-bank mortgages
securitization
sub-prime mortgage-backed bonds
Collateralized debt obligations
Bill SqPants

Nha Trang, Vietnam

#4 Jan 12, 2013
Mr_Bill wrote:
<quoted text>
What a wack theory.
Look up:
deregulation
non-bank mortgages
securitization
sub-prime mortgage-backed bonds
Collateralized debt obligations
Dr. Bill_phd! U see bloomberg TV with Buffettee tube?!!;-000h, i think is deaf! sorrree;-000

“Obama Shames the USA”

Since: Apr 09

Location hidden

#5 Jan 13, 2013
Is this a joke?

“Obama Shames the USA”

Since: Apr 09

Location hidden

#6 Jan 13, 2013
Mr Bill must be dropping acid again.

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