Grayson to Geithner: What Rules Do We Need to Prevent the Taxpayer from Being on the Hook?

[midnight]

Run time: 05:13 https://www.youtube.com/watch?v=6ZLiu_9Q2FE   Posted on YouTube: March 26, 2009 By YouTube Member: RepAlanGrayson Views on YouTube: 74113   Posted on DU: July 23, 2011 By DU Member: midnight Views on DU: 778

 
Allen knew that, AIG gambling debt, should not be a shared sacrifice even though Timmy seemed to think it was the answer via all his capital fix answers....


Capital fixes all according to Timmy.... Keep this in mind.... They are coming after our capital via Austerity bills...


New Hedge fund rules according to Timmy need capital available to fix it... I guess that's why the financial bill that Russ Feingold wouldn't sign allowed the banisters to by pass congress when they need another capital fix....

Allen Grayson begs over and over again about when is enough enough... The answer we can see being played out right now... Enough is never Enough for these capital starved institutions that share no gains only loses.... And those loses will be touted as shared sacrifice....

[Amonester]

1. If I'm not mistaken, that's what the Canadian banking system is based on.

How many Canadian banks fell? Zero. Although they all bought the 'triple A rated' worthless papers...

[midnight]

2. Are you saying that the capitalism required to bailout banks

in the U.S is being used in Canadia... Via Tarp money being used for private foreign and us loans doesn't cause banks to close? Do you know why?

[Amonester]

3. No, that's not what I was thinking.

I am not aware if Tarp money was used to explicitly bail out Canadian chartered-banks if that happened (to my knowledge, no Canadian chartered banks went under). And if "compensation packages" happened, it perhaps could be related to the fact that they purchased "triple-A rated" CDS that were fraudulently rated AAA investments from american "FRaudsteR$" (who are still roaming the US streets scott free, BTW...).