Audit the FED 'dangerous'? Geithner thinks so...
Here's the link to Karl Denninger's webpage where he posts a WSJ interview with Treasury Secretary Geithner. Of particular interest to me was Geithner's 'expressiveness' over defending himself against the claim that he worked for Goldman Sachs. You've been baited Mr. Secy. No, you didn't ever work for Goldman Sachs, but what you are failing to tell the Public is that you sailed with these guys every weekend at the Larchmont YC for the past decades and know them intimately. Starboard!
We are witnessing the greatest example of 'regulatory capture' known in the History of man, and while Mr. Geithner never worked for GS, it didn't ever prevent him from buddying up to these folks during Race Week or any of the other bi-weekly J/24 events run at Larchmont YC or on Long Island Sound. When Bob Rubin heard of the fun, he ran right out and got himself a boat, which he kept at City Island, just a short distance away. Rubin has no clue how to sail, but you need a boat for this kind of thing, and at these salaries it is pretty easy to find a Captain on the cheap. How do I know this? Because I was standing right there watching all of this unfold...and I noticed what was going on. This is a criminal conspiracy from top to bottom. It is the way these characters act and behave. They simply would never know that there is anything wrong with these conflicts of interest any more than our former Secy. of Treasury Paulson did.
It is time to remove the Banksters from our Nation's Government. They know nothing and contribute nothing to the Nation's Economy. It is not their right to profit at the expense of The People. Thanks Tim for steping into the 'bear trap'. You've incriminated yourself, as Goldman Sachs does all the time (see Goldman Wives bulldozing the line at last week's Charity Event in The Hamptons), by your expressions, your associations AND by your actions. That's not very smart, now is it? We do not need incompetent rubes in office ruining our financial system to make a quick buck for their friends. That is called 'Crony Capitalism'. Perhaps you have heard of it Mr. Secy???
Here's the link:http://market-ticker.denninger.net/archives/2009/08/25.html