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Posts Tagged ‘Geithner’

Overview of the Geithner Plan and the problem it is supposed to solve.

Bachmann: What provision in the Constitution could you point to, to give authority for the actions that have been taken by Treasury since March of 08? Geithner: Oh, uh, the Congress legislated in the emergency economic stabilization act a range of very important new authorities.. Bachmann: Sir, in the Constitution. What in the Constitution could you point to, to give authority to the treasury for the extraordinary actions that have been taken. Geithner: Every action that the treasury and the fed and the FDIC is….been using authority granted by this body…by the Congress. Bachmann: And in the Constitution, what could you point to? Geithner: Under the laws of the land, of course. Bachmann: And if I could move to the federal reserve chair, if you could point to what provision in the Constitution that would give authority to the federal reserve – this has been over 10 trillion dollars that we’re talking about. Bernanke: I don’t know where 10 trillion dollars comes from. The congress has the right to authorize funds, which is what they did in the TARP program, and they have given us in the 1930s…they gave the federal reserve the power for emergency lending as a means of addressing financial crises which is what we’ve done. Bachmann: And to the federal reserve chair – Do you believe there are any limits on the authority that the Federal Reserve has taken since last March…of 08? Bernanke: The loans we make have to be fully secured and collateralized. We have practical …

Send Geithner to Prison for Lying to the American People Kurt Nimmo Infowars.com January 27, 2010 Rep. Darrell Issa, ranking member of the House Oversight and Government Reform Committee, has the goods on Treasury Secretary Tim Geithner. Earlier this month, Issa received emails proving without a shadow of a doubt that the New York Fed under Geithners leadership withheld documents and delayed disclosures on AIGs swindle operation with Goldman Sachs, Deutsche Bank, and other international bankster criminal organizations. Russia Today report on Geithnergate. The New York Fed took over negotiations between AIG and the banks in November 2008 as losses on the swaps, which were contracts tied to subprime home loans, threatened to swamp the insurer weeks after its taxpayer-funded rescue. The regulator decided that Goldman Sachs and more than a dozen banks would be fully repaid for $62.1 billion of the swaps, prompting lawmakers to call the AIG rescue a backdoor bailout of financial firms, Bloomberg reported on January 7. Using Fed secured taxpayer bailout money, AIG paid several banks 100 percent of the face value of credit-default swaps, as other financial institutions were negotiating deep discounts for the unregulated paper assets that do not have to be backed by cash. It appears that the New York Fed deliberately pressured AIG to restrict and delay the disclosure of important information, said Issa at the time. Taxpayers deserve full and complete disclosure under our nations …

Send Geithner to Prison for Lying to the American People Kurt Nimmo Infowars.com January 27, 2010 Rep. Darrell Issa, ranking member of the House Oversight and Government Reform Committee, has the goods on Treasury Secretary Tim Geithner. Earlier this month, Issa received emails proving without a shadow of a doubt that the New York Fed under Geithners leadership withheld documents and delayed disclosures on AIGs swindle operation with Goldman Sachs, Deutsche Bank, and other international bankster criminal organizations. Russia Today report on Geithnergate. The New York Fed took over negotiations between AIG and the banks in November 2008 as losses on the swaps, which were contracts tied to subprime home loans, threatened to swamp the insurer weeks after its taxpayer-funded rescue. The regulator decided that Goldman Sachs and more than a dozen banks would be fully repaid for $62.1 billion of the swaps, prompting lawmakers to call the AIG rescue a backdoor bailout of financial firms, Bloomberg reported on January 7. Using Fed secured taxpayer bailout money, AIG paid several banks 100 percent of the face value of credit-default swaps, as other financial institutions were negotiating deep discounts for the unregulated paper assets that do not have to be backed by cash. It appears that the New York Fed deliberately pressured AIG to restrict and delay the disclosure of important information, said Issa at the time. Taxpayers deserve full and complete disclosure under our nations …

Send Geithner to Prison for Lying to the American People Kurt Nimmo Infowars.com January 27, 2010 Rep. Darrell Issa, ranking member of the House Oversight and Government Reform Committee, has the goods on Treasury Secretary Tim Geithner. Earlier this month, Issa received emails proving without a shadow of a doubt that the New York Fed under Geithners leadership withheld documents and delayed disclosures on AIGs swindle operation with Goldman Sachs, Deutsche Bank, and other international bankster criminal organizations. Russia Today report on Geithnergate. The New York Fed took over negotiations between AIG and the banks in November 2008 as losses on the swaps, which were contracts tied to subprime home loans, threatened to swamp the insurer weeks after its taxpayer-funded rescue. The regulator decided that Goldman Sachs and more than a dozen banks would be fully repaid for $62.1 billion of the swaps, prompting lawmakers to call the AIG rescue a backdoor bailout of financial firms, Bloomberg reported on January 7. Using Fed secured taxpayer bailout money, AIG paid several banks 100 percent of the face value of credit-default swaps, as other financial institutions were negotiating deep discounts for the unregulated paper assets that do not have to be backed by cash. It appears that the New York Fed deliberately pressured AIG to restrict and delay the disclosure of important information, said Issa at the time. Taxpayers deserve full and complete disclosure under our nations …

Economist William K. Black of the University of Missouri appeared in an interview on PBS last week with Bill Moyers. He pulls no punches in spelling out who is really responsible for our current economic disaster, and why our own Treasury Secretary is leading the charge to keep the truth covered up. Please be sure to watch the full interview (link below) and share it with all your friends. HOMEWORK: Full Moyers interview with WIlliam K. Black: www.pbs.org Raw Story article that inspired this video: rawstory.com ###

Send Geithner to Prison for Lying to the American People Kurt Nimmo Infowars.com January 27, 2010 Rep. Darrell Issa, ranking member of the House Oversight and Government Reform Committee, has the goods on Treasury Secretary Tim Geithner. Earlier this month, Issa received emails proving without a shadow of a doubt that the New York Fed under Geithners leadership withheld documents and delayed disclosures on AIGs swindle operation with Goldman Sachs, Deutsche Bank, and other international bankster criminal organizations. Russia Today report on Geithnergate. The New York Fed took over negotiations between AIG and the banks in November 2008 as losses on the swaps, which were contracts tied to subprime home loans, threatened to swamp the insurer weeks after its taxpayer-funded rescue. The regulator decided that Goldman Sachs and more than a dozen banks would be fully repaid for $62.1 billion of the swaps, prompting lawmakers to call the AIG rescue a backdoor bailout of financial firms, Bloomberg reported on January 7. Using Fed secured taxpayer bailout money, AIG paid several banks 100 percent of the face value of credit-default swaps, as other financial institutions were negotiating deep discounts for the unregulated paper assets that do not have to be backed by cash. It appears that the New York Fed deliberately pressured AIG to restrict and delay the disclosure of important information, said Issa at the time. Taxpayers deserve full and complete disclosure under our nations …

The settlement loan frequently asked questions contains the 7 most popular answers to questions regarding settlement loans. It’s common to have questions when taking out this type of loan. Below, you’ll find all the answers to the basic questions that can arise.

What is a Settlement Loan?

A settlement loan is a cash advance on your pending lawsuit. A settlement loan provider will give you a lo Read the rest of this entry »