Good ol' Timmy helps his friends! See Timmy help. See Timmy flush tax dollars into the toilet!!
Tim Geithner, the US Treasury secretary, acted to shield Citigroup’s
bondholders and management from accountability at the height of the
financial crisis while taxpayers were left on the hook, a former US bank
regulator has alleged.
Ms Bair claims that Mr Geithner was relentless in his advocacy for
Citi, both in its attempts to buy faltering lenders and when it came to
applying restrictions tied to its various rescue packages by the
government. “Tim seemed to view his job as protecting Citigroup from me,
when he should have been worried about protecting the taxpayers from
Citi,” Ms Bair wrote of Mr Geithner, who she nicknamed the “bail-outer
in chief” of the 2008 crisis. --AOSHQ quoting FT
Bair is not a lightweight; her complaint should be taken seriously.
That isn't all. Bair flat-out opposed Pandit as President of Citi, too. But Bobby Rubin (pal of Democrats) prevailed....
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Matt Taibbi's summation a year ago still rings true: "Everything is F'd up and nobody went to prison."
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