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2009 > April

Finding music in the swine flu strain >>

Geithner ::

Geithner, as Member and Overseer, Forged Ties to Finance Club - NYTimes.com

Mr. Geithner said his actions in the bailout were motivated solely by

a desire to help businesses and consumers. But in a financial crisis,

he added, “the government has to take risk, and we are going to

be doing things which ultimately—in order to get the credit

flowing again—are going to benefit the institutions that are at the

core of the problem.”

One of this article’s authors wrote a lot of breathless fluff as the

“mortgage crisis” developed, so I take her words with a grain of salt.

But here we have Geithner damning himself in his own words. The

institutions at the core of the problem need to be liquidated in

bankruptcy, not “benefitted.”

<< Time to put "wealth on trial" again?

2009 > April

Finding music in the swine flu strain >>

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