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In reply to the discussion: America Needs Geithner More Than Ever! Show Him Some Love! [View all]octoberlib
(14,971 posts)39. Aww, love you, Timmy! Not.
Journalist Ron Suskind later reported that a more complicated internal negotiation had actually occurred behind the scenes in which Obama agreed with Romer and others that a fundamental restructuring of the banks was necessary, beginning with Citigroup. It was Geithner and Rahm Emanuel who sabotaged this effort. Geithner, Suskind contended, simply refused to come up with the plan that Obama had asked for and eventually convinced the president to go along with his own Wall Street friendly approach. Emanuel, who had earned over $ 18 million in two and a half years working for the investment banking firm Wasserstein Perella after leaving the Clinton White House in 1999, insisted they all go along with Geithner. Obama rolled over without a fight.
Stone, Oliver; Kuznick, Peter (2012-10-30). The Untold History of the United States (Kindle Locations 12359-12365). Simon & Schuster, Inc.. Kindle Edition.
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This is your last warning Manny. You cant say "backdoor bailout" in mixed company.
rhett o rick
Jan 2013
#34
We need EXPERTS to unwind this mess!! Only EXPERTS with BIG bonuses will stay and help!!11!!
riderinthestorm
Jan 2013
#31