Quick. Look over there. Now over there. Just don't look here.

[Jakes Progress]

It seems Timmy believes in paying it forward.

Blowing a Hole in Dodd-Frank

Treasury Secretary Timothy Geithner is widely expected to exempt currency derivatives from coverage. But the Fed spent trillions to prop up that market in 2008.

Treasury Secretary Timothy Geithner is close to a decision to exempt the $4 trillion-a-day foreign-currency market from key provisions of the Dodd-Frank Act requiring greater transparency in the trading of derivatives. In the horse-trading over the final conference version of that legislation last year, both Geithner and financial-industry executives lobbied extensively to give the Treasury secretary the right to create this loophole. As the practical reach of Dodd-Frank is defined by the executive branch, this will be the first major decision to signal whether regulators will act to strengthen or weaken the reforms.

http://prospect.org/cs/articles?article=blowing_a_hole_in_doddfrank

While we are watching Japan and Libya, the man behind the curtains is making plans.

I know, i know. We'll get posts about how this is just a rumor, how you can't trust - uh anybody. But the time to protest and to stop something like this is before it happens. Once it's done, it's done. And so are we.

[DJ13]

1. Of course

Currency manipulation is the lubricant needed to keep the free trade bullcrap from falling apart.

The elites wont give that up easily.

[Jakes Progress]

15. They don't have to give up.

Timmy's got their back. He'll be working for this full time when he's not trying to undermine Warren's work.

[Name removed]

2. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Scuba]

7. +1

[_ed_]

9. Obama's cheerleaders don't care

They don't care what he actually does in office -- they'll defend anything he does.

[Jakes Progress]

12. Their only measure of success is popularity numbers.

Issues and policy are just so boring.

[Angry Dragon]

13. +1000

[chill_wind]

3. K & R. n/t

[senseandsensibility]

4. kick

eom

[Senator]

5. K&+R

[HCE SuiGeneris]

6. Geithner, Paulson, and many others... should be in prison for their malfeasance.

This country's justice system is more than inept.

[Jakes Progress]

8. His appointments have been the most telling feature

of his goals. He can give good speeches. He can feign political blockage. But when it came to the things that a president can truly control - appointments to his own staff - he has chosen corporate tools every single time. He threw Elizabeth Warren in because there was no way to avoid doing so. But his other appointees have been working to block her and hem her in.

[_ed_]

10. Obviously

And he tried to get Tom Daschle in his cabinet at the beginning! We should have known when he started appointing Republicans like Geithner and Bob Gates.

[thanks_imjustlurking]

14. Yep. nt

[Hotler]

11. kicking n/t

[Jakes Progress]

16. Is anyone else wondering what the government

will do while they have the country mesmerized with the videos of the Libyan attacks? This kind of diversion that keeps media coverage off of things that congress and agencies couldn't do in the light.

[Agony]

17. Inside Job

Corruption beyond belief!

[Jakes Progress]

18. It used to be beyond belief.

But if you give up hope, you get another kind of audacity.

Those appointments should have been the tip off long ago. This one is so audacious, that it does beggar belief. They must feel like they can get away with anything, that no one will ever call them to account, that ... oh that's right. They are getting away with it, and no one is going to call them on it because all of the people who could call them to account are in on it.

[Agony]

19. Yeah this is all Fracking hilarious, huh?

I could get all depressed about it but there are too many fun things in life. like making beer.... and then drinking it.

Hey you really want a good laugh tho? speaking of derivatives... go to cboe.com and check out the VIX and all the other fun shit they have dreamed up to fuck us over...

Thy pretend it is all too complicated for you or I to understand but it is really kindergarten kind of nonsense. "world's premier barometer of investor sentiment and market volatility"

Great stuff for an advanced civilization and hard working masters of the universe!

Cheers!
Agony

:hi:

[Hannah Bell]

20. "currency derivatives" = the next bubble for the banksters?