Henry Blodget
Business Insider
Sept 27, 2011
God’s gift to Wall Street, Secretary Treasury Tim Geithner, says he has finally convinced Europe that the world will end if Europe doesn’t bail everyone out the way the US did.
On ABC’s World News With Diane Sawyer, Geithner said that Europe finally gets it:
“If you listen carefully to what they said this weekend, not just to us in private, but what they said publicly, they’re foreshadowing now the escalation that’s going to come. And we’d like them to get on with it.”
The “escalation,” presumably, is a full-on Euro-TARP bailout, in which the losses on the idiot loans made by Europe’s banks to Europe’s fringe countries are transferred to Europe’s taxpayers.
One can only hope that the rescue plan willl include forced bank writedowns and recapitalizations, which Geithner’s US version of the bailout didn’t–an error for which the country is still paying the price.
Geithner put the fear of God in Europe at the IMF meeting, at which he warned of “cascading default, bank runs and catastrophic risk” if Europe didn’t get the situation under control.
3 Responses to “GEITHNER: I’ve Finally Scared The Crap Out Of Europe, Huge Bailout Coming Soon”
Leave a Reply
You must be logged in to post a comment.
This guy has a different perspective on the whole situation.
w w w.y o u t u b e. c o m/ w a t c h? v= a C 1 9 f E q R 5 b A
(usual closure required)
BiGpharmakillZ Reply:
September 27th, 2011 at 12:33 pm
You don’t need to put www in the address bar when going to a link, therefore you don’t need to put all those pain in the butt spaces in the link. It takes to much time to remove spaces so most won’t even look at it. Perhaps you could repost it. Thanks.
Lol BigPharma,,, how hard can it be?? 😉
^
So Geitner is proud that he used coercion to instill fear into another nation for money.
That’s exactly what a terrorist does.
From what I see Geetner is scared he’s about to be turned on by forces beyond his control and the monster that he is will be revealed to US all.
They don’t keep the banks up, they loose the 5G nations. And that’s when the good guys come in and clean the cum off the walls. Timmy.