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Thing of Beauty: Elizabeth Warren grills Geithner over AIG/Goldman

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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-20-09 04:46 PM
Original message
Thing of Beauty: Elizabeth Warren grills Geithner over AIG/Goldman
 
Run time: 06:01
https://www.youtube.com/watch?v=pz7ruJw6byQ
 
Posted on YouTube: September 10, 2009
By YouTube Member:
Views on YouTube: 0
 
Posted on DU: November 20, 2009
By DU Member: Ruby the Liberal
Views on DU: 1320
 
100 cents on the dollar, indeed. Go Elizabeth, go!!!
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GCP Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-20-09 04:56 PM
Response to Original message
1. Slimy bastard
Nothing was his fault, and he even wants 'better derivatives protection'.
The last thing we need is more and more of these adventures in investment.
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-20-09 05:00 PM
Response to Reply #1
2. There are public reports that Goldman agreed to $0.40 on the dollar
and Geither stepped in and arranged for dollar for dollar just before Morgan Stanley agreed to the same discount.

She nailed his butt huge on it.

AIG will never pay back the "loan". They funneled the money to Goldman out the back door.
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-20-09 05:21 PM
Response to Original message
3. My god,, he is slicker than cold snot on a glass doorknob.
And about as appealing.
Won't answer the question then turns around and says he wants MORE authority to handle banking.

I think we have had more than enough from whiny Timmy.
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pokercat999 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-20-09 05:31 PM
Response to Reply #3
4. Maybe we should talk to his boss..........nt
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nashville_brook Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-20-09 05:41 PM
Response to Original message
5. he's not that slick...starts out quite shaky, like he knows he can't throw down
Edited on Fri Nov-20-09 05:42 PM by nashville_brook
and that has him sputtering. or, he's sputtering b/c there's no good way to answer the question. then, he finds his balance and digs in with too much intensity (he appears more in control, but his tone is out of whack).

i think that for these self-proclaimed masters of the universe, Warren is terrifying face b/c she's 100% solid on her numbers, and she's arresting in her civility. going for her throat would be an instant loss, and that's exactly what these guys are accustomed to doing.

i LOVE her!! she's so totally the face of the people.
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-20-09 06:19 PM
Response to Reply #5
9. "she's arresting in her civility"
Excellent way of phrasing that!

I am a huge fan. She is so down to earth, smart, and direct. A superb communicator.
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dgibby Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-20-09 06:15 PM
Response to Original message
6. I'd like to see her replace Geithner.
That would be a giant leap for mankind!
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chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-20-09 06:17 PM
Response to Reply #6
7. +1.
:-)
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glitch Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-20-09 08:59 PM
Response to Reply #6
10. +all my pluses. nt
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vaberella Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-21-09 03:53 PM
Response to Reply #6
16. She's a lawyer not an economist. How does that make any sense?
That's like Bush putting an equistrian manager in charge of FEMA. Genius, really.


I have no idea in what planet of hell that makes any sense.
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Uncle Joe Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-20-09 06:18 PM
Response to Original message
8. Kicked and recommended.
Thanks for the thread, Ruby the Liberal.
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Stevepol Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-20-09 09:10 PM
Response to Original message
11. I would love to be the one to fire this guy.
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midnight Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-20-09 11:04 PM
Response to Original message
12. Thank you E.W.
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clear eye Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-21-09 03:42 PM
Response to Original message
13. Geithner, "Of course not! We would have done
it {paying less than 100 cents on the dollar} in a heartbeat if we could."

Umm...why couldn't you have?

"Bush" made Geithner require higher standards of solvency for small banks than large? And "Bush" prevented him from advocating that TARP recipients be barred from acquiring solvent community banks for a couple of years or at least until they payed off a specified % of the TARP money? What'd Bush do? Kidnap his mother?
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democracy1st Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-21-09 03:49 PM
Response to Original message
14. K & R
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democracy1st Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-21-09 03:51 PM
Response to Original message
15. Pres Obama picked this idiot, blame starts at the top
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vaberella Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-21-09 03:54 PM
Response to Original message
17. I don't see anything wrong wth Geithner's statement. And he did not seemed grilled. n/t
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-21-09 10:04 PM
Response to Reply #17
18. She has him on the record over the 100 cents on the dollar
when 40 cents on the dollar had already been agreed to by Goldman. She has him on the record that the AIG funds were not to stabilize AIG, but a funnel through the back door to the counter-parties. By design.

You do understand the significance of this, no?
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