Thing of Beauty: Elizabeth Warren grills Geithner over AIG/Goldman

[Ruby the Liberal]

Run time: 06:01 https://www.youtube.com/watch?v=pz7ruJw6byQ   Posted on YouTube: September 10, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: November 20, 2009 By DU Member: Ruby the Liberal Views on DU: 1320

 
100 cents on the dollar, indeed. Go Elizabeth, go!!!

[GCP]

1. Slimy bastard

Nothing was his fault, and he even wants 'better derivatives protection'.
The last thing we need is more and more of these adventures in investment.

[Ruby the Liberal]

2. There are public reports that Goldman agreed to $0.40 on the dollar

and Geither stepped in and arranged for dollar for dollar just before Morgan Stanley agreed to the same discount.

She nailed his butt huge on it.

AIG will never pay back the "loan". They funneled the money to Goldman out the back door.

[dixiegrrrrl]

3. My god,, he is slicker than cold snot on a glass doorknob.

And about as appealing.
Won't answer the question then turns around and says he wants MORE authority to handle banking.

I think we have had more than enough from whiny Timmy.

[pokercat999]

4. Maybe we should talk to his boss..........nt

[nashville_brook]

5. he's not that slick...starts out quite shaky, like he knows he can't throw down

and that has him sputtering. or, he's sputtering b/c there's no good way to answer the question. then, he finds his balance and digs in with too much intensity (he appears more in control, but his tone is out of whack).

i think that for these self-proclaimed masters of the universe, Warren is terrifying face b/c she's 100% solid on her numbers, and she's arresting in her civility. going for her throat would be an instant loss, and that's exactly what these guys are accustomed to doing.

i LOVE her!! she's so totally the face of the people.

[Ruby the Liberal]

9. "she's arresting in her civility"

Excellent way of phrasing that!

I am a huge fan. She is so down to earth, smart, and direct. A superb communicator.

[dgibby]

6. I'd like to see her replace Geithner.

That would be a giant leap for mankind!

[chill_wind]

7. +1.

:-)

[glitch]

10. +all my pluses. nt

[vaberella]

16. She's a lawyer not an economist. How does that make any sense?

That's like Bush putting an equistrian manager in charge of FEMA. Genius, really.


I have no idea in what planet of hell that makes any sense.

[Uncle Joe]

8. Kicked and recommended.

Thanks for the thread, Ruby the Liberal.

[Stevepol]

11. I would love to be the one to fire this guy.

[midnight]

12. Thank you E.W.

[clear eye]

13. Geithner, "Of course not! We would have done

it {paying less than 100 cents on the dollar} in a heartbeat if we could."

Umm...why couldn't you have?

"Bush" made Geithner require higher standards of solvency for small banks than large? And "Bush" prevented him from advocating that TARP recipients be barred from acquiring solvent community banks for a couple of years or at least until they payed off a specified % of the TARP money? What'd Bush do? Kidnap his mother?

[democracy1st]

14. K & R

[democracy1st]

15. Pres Obama picked this idiot, blame starts at the top

[vaberella]

17. I don't see anything wrong wth Geithner's statement. And he did not seemed grilled. n/t

[Ruby the Liberal]

18. She has him on the record over the 100 cents on the dollar

when 40 cents on the dollar had already been agreed to by Goldman. She has him on the record that the AIG funds were not to stabilize AIG, but a funnel through the back door to the counter-parties. By design.

You do understand the significance of this, no?