Geithner: Disparity in recovery 'deeply unfair'(Pimps and drug dealers demand a raise)

AP ^ | 4/1/2010 | ap

[tobyhill]

Treasury Secretary Timothy Geithner said Thursday it's "deeply unfair" that some financial institutions that got taxpayer-paid bailouts are emerging in better shape from the recession than millions of ordinary Americans.

He acknowledged public outrage over that and said people watched with disdain as Washington protected high-risk banks and investment houses, even as the national unemployment rate was soaring to double-digit levels for the first time in a generation.

But in a nationally broadcast interview, Geithner also argued that President Barack Obama had no choice when confronted with a financial crisis.

"As the president has said, we had to do some very unpopular things," Geithner said. "People looked at what had happened."

"It's not fair. It's deeply unfair," he said. "He (Obama) had to decide whether he was going to act to fix it or stand back ... and that would have been calamitous for the American economy."

[mlocher]

Geithner and AP are propagandists (plus much more unprintable stuff). This time they are out pushing for a "punish the banks" piece of legislation.

If Geithner were truly concerned, he would be pushing for a tax cut.

[TChris]

"...and that would have been calamitous for the American economy."

Whew!

I'm sure glad he added $10 Trillion plus to the deficit and flexed his fascist muscles across multiple industries, instead of allowing something calamitous to happen!

These monsters literally have no shame whatsoever.

[throwback]

Ha, ha, ha, ha, ha, ha, yee, haw, that's a hot one. Where did Geithner work? Who is he friends with? Who gave them the money. Yee, haw, ha, ha, ha, ha, ha. Who didn't pay their taxes? Who did? Who bailed Tim and Goldman out? Ha, ha, ha, ha, ha

[Clarence]

playing the stooge on behalf of the socialist elite pays very, very well.

[Oldpuppymax]

Marxists have absolutely NO grasp on reality.

[tobyhill]

Some Commie Rats are starting to come out and admit that the whole “healthcare” crap is just redistribution of wealth.

[circlecity]

"..some financial institutions that got taxpayer-paid bailouts are emerging in better shape from the recession than millions of ordinary Americans"

And we have now learned these are the financial institutions who our congressmen most owned stock in. TARP was a bailout of congressional financial portfolios. Nothing more.

[Freddd]

So Geithner wrote up the ‘derivatives’ that crashed the financial system, wrote the rules to bailout the banks, and now says, it was lopsided in favor of the elite?

Typical for a tax cheat.

Too late for damage control. But the deceptions have begun, elections are coming and they intend to ‘soothe’ us who are hopping mad. TOO FRCKN LATE.

[LibLieSlayer]

BULLSH!T timmy!

LLS

[Paladin2]

The financial Kr@|) from Congress (Bwanney and waitress sandwich Dodd) continues.

[Repeat Offender]

Marxists have absolutely NO grasp on reality.

Don't fool youself. They know full well of their actions and ramifications. They have a perfect grasp on reality.

It is you they hope doesn't grasp reality.

[Thebaddog]

I remember that during the period of heavy layoffs, the stats showed that middle aged white boys were being laid off more than any other demographic. Did you hear any whining from the Middle Aged White Boys group then? I didn’t think so.

[Toddsterpatriot]

some financial institutions that got taxpayer-paid bailouts are emerging in better shape from the recession than millions of ordinary Americans.

Yes, some banks that got TARP loans and paid them back are doing better than some Americans who cannot pay their debt.

[Vaduz]

Barack Obama had no choice when confronted with a financial crisis.Never let a crisis go to waste backfires.