Tag Archives: tim geithner

Joseph Stiglitz: “Robbery Of The American People”

Nobel Prize-winning economist Joseph Stiglitz does not like the Geithner plan: “The Geithner plan is very badly flawed,” Stiglitz told Reuters in an interview during a Credit Suisse Asian Investment Conference in Hong Kong. U.S. Treasury Secretary Timothy Geithner’s plan to … Continue reading

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Wall Street Hearts Geithner

After the Treasury Department released the refurbished plan to buy up “legacy assets” (formerly known by the less tasteful moniker “toxic assets”) Wall Street responded with two thumbs up. Treasury Secretary Tim Geithner has gone from goat to hero in … Continue reading

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Robbing The Taxpayer

The United States government is colluding with the banks to rob the taxpayer. That, in a nutshell, is the newly shaped Tim Geithner bank rescue plan. That, in a nutshell, was the Hank Paulson bank rescue plan that has already … Continue reading

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A Disappointing Financial Stability “Plan”

Treasury Secretary Tim Geithner announced the Obama administration’s financial rescue plan yesterday. The Administration calls this the “Financial Stability Plan.” The “Plan” has Paul Krugman confused. Krugman refers to it as “The Rorschach Plan.” Krugman says “It’s really not clear … Continue reading

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