Tuesday, 14 July 2009

TIM GEITHNER REFUSES TO ANSWER BRAD SHERMAN'S QUESTION!!! SUPPORT H.R. 1207 AUDIT THE FED



The key point to remember is that the high risk failures of the big banks were covered by taxpayer the last time around, and Geithner's non-answer seems to indicate that the risk taking is continuing and that the US people are going to foot the bill again !

It is correct to say that the situation we face is one where corporate losses are socialised and the profits privatised. Such skulduggery must end. An audit of the Fed (HR.1207) will reveal much about what has been going on.

[Posted at the SpookyWeather blog, July 14th, 2009.]

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