Today's Elites

Sunday, May 01, 2011

Geithner Exposes Obama's Fraud

It was hard today, even to find the item in the news. Geithner says that he will not regulate foreign exchange derivatives. It is even harder to find out that Representative Marci Kaptur has put forward a bill that would reinstate Glass-Steagall. Representative Maria Cantwell, who failed previously to reinstate Glass-Steagall commented on Geithner's pronunciamento:

 “I can’t believe the first decision the administration would make to carry out Dodd-Frank would be an anti-transparency decision. The idea that the foreign-exchange markets are not at risk is preposterous — we now know that they required multitrillion-dollar bailouts. Anytime you have a lack of transparency, there is potential for abuse.”

Here is Marci Kaptur grilling Geithner on his abject subservience to Goldman Sachs:

Meanwhile, we are regaled everywhere by the usual grinning idiots in the media... 

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