After Long Career Bailing Out Big Banks, Obama Treasury Secretary Tim Geithner Now Runs Predatory

[guillaumeb]

From the article:

After Long Career Bailing Out Big Banks, Obama Treasury Secretary Tim Geithner Now Runs Predatory Firm That Exploits the Poor for Profit

After a lengthy government career defined by his central role in bailing out predatory Wall Street banks as former President Barack Obama's Treasury Secretary, Timothy Geithner appears to have found his true calling in the private sector, where he now heads a large financial institution that exploits the economic struggles of poor Americans for profit.
As president of Warburg Pincus—a major New York private equity firm—Geithner helps manage a lucrative predatory lending outfit called Mariner Finance, which mass-mails loan checks to low-income Americans, hides exorbitant interest rates in the fine print, and quickly sues those who fail to repay the loan and interest in time, according to a detailed Washington Post report published late Sunday.

To read more:

https://www.commondreams.org/news/2018/07/02/after-long-career-bailing-out-big-banks-obama-treasury-secretary-tim-geithner-now?

[RandySF]

1. The trolls are back just in time for the election.

[guillaumeb]

2. Feel free to refute the specifics of the article.

Or should we simply ignore what we do not like to read?

[bettyellen]

7. When does the article cover Trumps role in predatory lending practices?

You left that part out, is it in there?

[guillaumeb]

13. The article does not purport to be a comprehensive

history of US politics and capitalism.

[bettyellen]

3. Who put in rules against predatory banking practices and who repealed just them?

But yeah, someone took a job with a corporation- so they’re the devil.

This serves as RW propaganda. You must be proud.

[guillaumeb]

4. Funny, but I did not read that in the article.

Should we ignore what we do not like to read?

[whathehell]

5. Not just a "corporation".

Please relax.. Being automatically defensive of anyone Obama cinnected is really unnecessary...You might recall that many here didn't like Geitner from the start.

[bettyellen]

8. Obama trashing clickbait headlines are a thing some people just love to post

And I think they mislead a whole lot of people. Not a big fan of anti-Dem clickbait. Some people live for it.

[whathehell]

9. It wasn't ant- Obama..

It was anti- Geitner.

Geitner IS a wall street Republican. Just because he worked in Obama's administration, it doesn't mean he can't be criticized, especially after he's left that administration.

[bettyellen]

10. Obama's name is in the negative headline, that and using bailout instead of loan...

To me, makes it clickbait. I know too many people who don’t make it much past the headline, and so the choice to manipulate them is noted.

[Maven]

6. Got it. So we should vote for Jill, right?

FOH with this.

[guillaumeb]

11. You made a leap.

But the article does not support that leap. Should we instead ignore what we find inconvenient?

[theaocp]

12. Or keep track of presidential appointments.

There were other options and everyone can learn from appointing the wrong people.