Thursday, April 01, 2010

OK, LET'S SEE IF THERE WILL BE A REAL REFORM BILL

Treasury Secretary Geithner admits that the banksters' casino can no longer be tolerated but will the Administration enact real reform? If they do, then that will reduce the risk of the GOP getting control of the House this Fall.
Geithner: Disparity in recovery 'deeply unfair'
Apr 1 08:51 AM US/Eastern

WASHINGTON (AP) - Treasury Secretary Timothy Geithner said Thursday it's "deeply unfair" that some financial institutions that got taxpayer-paid bailouts are emerging in better shape from the recession than millions of ordinary Americans.

He acknowledged public outrage over that and said people watched with disdain as Washington protected high-risk banks and investment houses, even as the national unemployment rate was soaring to double-digit levels for the first time in a generation.

"What happened in our country should never happen again," he said. "People were paid for taking enormous risks. It was a crazy way to run a financial system." Geithner said, "It's the government's job ... to do a better job of restraining that kind of risk-taking."

1 comment:

Ken Hoop said...

http://georgewashington2.blogspot.com/

not likely, if you find the material here plausible.