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ORIGINAL: Edwynn

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ORIGINAL: Masta808

Considering Citigroup took $45 Billion in TARP money that was passed by OBAMA thats what? 0.63%? What is this Geithner's idea of punishing Corporations & banks that had nothing to do with Economic Collapse. 

It was ex-Goldman Sachs CEO Treasury Secretary Hank Paulson that started the TARP snowball, under Bush, in 2008. (Then again, Paulson was as much "ex-CEO" of GS as Cheny was "ex-CEO" of Haliburton while holding office. Sheer coincidence how well things worked out for their "former" companies in both cases).

The banks had nothing to do with the economic collapse? No? You mean, Obama retroactively leaped Einsteinian relativity and forced all those collateralized debt obligations (CDO) and concomitant no-doc sub-prime loans in 2002-2007? And all the 'credit default swindles'  (oops, I meant "credit default swaps")? And all the "rocket-docket" foreclosure scams afterwards? And that Citigroup did not throw fuel on that fire by wrangling all those CDOs into their commercial paper, thereby buying their own crap toxic securities to drive up the demand and then foist it upon others? And thereby cause previously safe money market mutual funds to take the unprecedented step of reducing "share price" of account holders?


You mean all that that the banks and corporations had "nothing to do with"?


Good boy! You can join Willbe and Firm in the politico/avoid-reality-at-all-costs corner now. Enjoy your candy cigar, there.