I have posted this before..
and who is this administration working with??
Kissinger
Geithner..who worked for Kissinger and the CFR
Geithner..who's papa Peter F.Geithner was with the Ford Foundation and Obama's mom just happened to work with him!!Any wonder why the GM CEO was made to step down..the very day that Ford announced it was opening a plant in Mexico..the znnouncement took place at the Pres of Mexico's palace..and do not miss the very fact that the CEO of Ford said : Mr Mullaly said: "We are convinced the geographic location as well as Mexico's highly qualified labour force and economic stability make this decision the right one for our business."
That would be 4,500 jobs Americans will not get!!
http://news.bbc.co.uk/2/hi/americas/742895... Peter F. Geithner, is the director of the Asia program at the Ford Foundation in New York. During the early 1980s, Peter Geithner oversaw the Ford Foundation's microfinance programs in Indonesia being developed by S. Ann Dunham-Soetoro, President Barack Obama's mother, and they met in person at least onceGeithner's maternal grandfather, Charles F. Moore, was an adviser to President Dwight D. Eisenhower and served as a vice president of Ford Motor Company.Posted by flyarm in General Discussion
Tue Mar 31st 2009, 03:37 PM
ahhh this ought to warm a few of the hearts of US Union workers!!
http://news.bbc.co.uk/2/hi/americas/742895... Ford to open new plant in Mexico US giant Ford is to invest $3bn (£1.5bn) in a new car plant in Mexico, the biggest investment in the country's manufacturing sector.
The move is a blow to American car workers who had hoped the factory would be built in the United States. Ford has lost more than $15bn (£7.5bn) over the past two years and says the new facility is crucial to its future.
Mexican President Felipe Calderon hailed the announcement as a "turning point" for his country.
The new factory, and other changes to Ford's Mexican operations, are likely to create an estimated 4,500 jobs in Mexico, where car workers earn substantially less than their American counterparts. Mr Calderon made the announcement with
Ford president Alan Mullaly at the presidential compound in Mexico City on Friday. "We want Mexico to be an automotive country, one that is competitive and with the most advantages so that the worldwide automotive industry will establish itself here," Mr Calderon said. Mr Mullaly said: "We are convinced the geographic location as well as Mexico's highly qualified labour force and economic stability make this decision the right one for our business." .........................................
edit to add ...Bet those last lines were made to just give warm fuzzies to American auto workers..but just ignore that ...what do we all care about American workers, when we are all getting that lovely $17 dollar tax break a month!!
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hmmmmmmmmmmmmmmmm
TIMOTHY GEITHNER
Biography
Early life and education
Geithner was born in Brooklyn, New York.<2> He spent most of his childhood living outside the United States, including present-day Zimbabwe, Zambia, India and Thailand, where he completed high school at International School Bangkok.<3> He then attended Dartmouth College, graduating with a B.A. in government and Asian studies in 1983.<4> He earned an M.A. in international economics and East Asian studies from Johns Hopkins University's School of Advanced International Studies in 1985.<4><5> He has studied Chinese<4> and Japanese.<6>
Geithner's paternal grandfather, Paul Herman Geithner (1902–1972), emigrated with his parents from the German town of Zeulenroda to Philadelphia, Pennsylvania in 1908.<7>
His father, Peter F. Geithner, is the director of the Asia program at the Ford Foundation in New York. During the early 1980s, Peter Geithner oversaw the Ford Foundation's microfinance programs in Indonesia being developed by S. Ann Dunham-Soetoro, President Barack Obama's mother, and they met in person at least once.<8> Timothy Geithner's mother, Deborah Moore Geithner, is a pianist and piano teacher in Larchmont, New York where his parents currently reside. Geithner's maternal grandfather, Charles F. Moore, was an adviser to President Dwight D. Eisenhower and served as a vice president of Ford Motor Company.
Early career
After completing his studies, Geithner worked for Kissinger and Associates in Washington, D.C., for three years and then joined the International Affairs division of the U.S. Treasury Department in 1988. He went on to serve as an attaché at the US Embassy in Tokyo. He was deputy assistant secretary for international monetary and financial policy (1995–1996), senior deputy assistant secretary for international affairs (1996-1997), assistant secretary for international affairs (1997–1998).<5>
He was Under Secretary of the Treasury for International Affairs (1998–2001) under Treasury Secretaries Robert Rubin and Lawrence Summers.<5> Summers was his mentor,<10><11> but other sources call him a Rubin protégé.<11><12><13>
In 2002 he left the Treasury to join the Council on Foreign Relations as a Senior Fellow in the International Economics department.<14> He was director of the Policy Development and Review Department (2001-2003) at the International Monetary Fund.<5>
In October 2003, he was named president of the Federal Reserve Bank of New York.<15> His salary in 2007 was $398,200.<16> Once at the New York Fed, he became Vice Chairman of the Federal Open Market Committee component. In 2006, he also became a member of the Washington-based financial advisory body, the Group of Thirty.<17>
Report: AIG bailout money behind banks' recent profitability
http://blogs.usatoday.com/ondeadline/2009/... snip:
The financial blog Zero Hedge has posted an "exclusive" that claims that according to an insider's account, AIG (yes, that AIG) "was responsible for the banks' January and February profitability."
Saying it is "rarely speechless," ZH offered "a moment of silence for the phenomenal scam that continues unabated in the financial markets, and now has the full oversight and blessing of the U.S. government, which in turns keeps on duping U.S. taxpayers into believing everything is good."
ZH says the insider perspective came in an email from "a correlation desk trader." Unless you're a finance whiz (and who is these days?!) you might get lost in the explanation of how AIG supposedly engineered this feat of profitability. But ZH tries to explain the "mumbo jumbo" in "layman's terms":
AIG, knowing it would need to ask for much more capital from the Treasury imminently, decided to throw in the towel, and gifted major bank counter-parties with trades which were egregiously profitable to the banks, and even more egregiously money losing to the U.S. taxpayers, who had to dump more and more cash into AIG, without having the U.S. Treasury Secretary Tim Geithner disclose the real extent of this, for lack of a better word, fraudulent scam.
In simple terms think of it as an auto dealer, which knows that U.S. taxpayers will provide for an infinite amount of money to fund its ongoing sales of horrendous vehicles (think Pontiac Azteks): the company decides to sell all the cars currently in contract, to lessors at far below the amortized market value, thereby generating huge profits for these lessors, as these turn around and sell the cars at a major profit, funded exclusively by U.S. taxpayers (readers should feel free to provide more gripping allegories).