Another busy week folks. I will post when I can. Take a look at this Tech Ticker featuring Bill Black. Bill was one of the good guys that cleaned up the housing bust as a bank regulator back in the late '80's/ early 90's.
Geithner essentially placed the taxpayers at the back of the line when it came to setting up this pre-packaged BK for CIT. The bondholders were placed ahead of the taxpayers and were paid on at least some of their investment while the taxpayers got a big fat 0 on their $2.3 billion investment!
Geithner is not looking out for the taxpayer folks. In fact, he is totally hell bent on screwing you as he foolishly tries to bailout his Wall St friends.