Geithner the Fool
Today Geithner the fool testified on TARP.
“Uncertainty about the value of legacy assets is constraining the ability of financial institutions to raise private capital,” he said, adding that he hoped a public-private investment program will improve the ability to put a price on troubled mortgage and other assets.
PPIP has been so successful. I guess if you keep banging your head against a wall the thing to do is keep banging your head against the wall eventually it will get numb and all your problems will be solved. To Geithner the fool and tax cheat this logic makes sense.
No crisis like this has a simple or single cause, but countries around the world, borrowed too much and allowed the financial system to take on irresponsible levels of risk, Geithner said in his opening statement.
And to the Mr. Geithner, the fool and the cheat, the answer is to go further into debt. Well tax cheats, government officials, liberals, and fools all think alike. No wonder this idiot thinks it’s hard to set these prices on these TARP assets. Oh, and don’t forget they’re supposed to sell back these assets (that they can’t value) once the market returns – dumb, dumb and dumber.
But wait… It’s ok after all the TARP money is already being “lost” by the hundreds of millions. And is completely lopsided towards the Wall Street elite and against the US taxpayers. But what would you expect from fools and liars like Obama and Geithner after all isn’t it Obama that thinks tax cuts are welfare checks. I guess losing money is getting money.
Of course liberal’s have no arguments against this. So the mainstream media remains quiet about these going on and ignores the tea bag protests. After all one can’t defend stupidity with logic.
