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Geithner: Action against Wall St. coming
Politico ^

Posted on 10/14/2011 10:26:35 AM PDT by Sub-Driver

Geithner: Action against Wall St. coming

By: Tim Mak October 14, 2011 10:51 AM EDT

Treasury Secretary Timothy Geithner suggested Friday that a new round of “dramatic enforcement actions” against Wall Street wrongdoing is coming.

“Stay tuned for that,” Geithner said.

Asked on CNBC about the Occupy Wall Street movement’s frustrations over the lack of criminal charges related to the financial crisis, Geithner said action is on the way.

“You’ve seen very, very dramatic enforcement actions already by the enforcement authorities across the U.S. government, and I’m sure you’re going to see more to come. You should stay tuned for that,” he said.

Progressive groups have often pushed for Wall Street CEOs to be prosecuted for the financial crisis of 2008.

“I think there are some investigations — hopefully, they will lead to criminal charges, but what I think the average American is saying is that if a kid smokes marijuana, that kid could end up in jail. These people [on Wall Street], because of their activity, destroyed the economy. Millions of people lost their jobs, their homes, their life savings, and now they’re making more than they ever did before,” said independent Rep. Bernie Sanders (I-Vt.) last month on CNN.

Geithner Friday said the Obama administration had moved swiftly after the crisis to put into place new protections for consumers and investors.

“We moved very quickly to put in place a much stronger set of rules of the game across the financial sector. Now, we’re now facing a lot of resistance to those rules, but we’re going to make sure that we deliver the promise of those reforms, which is a much tougher set of rules across the system against risk-taking and much stronger protections for consumers,” he said.

(Excerpt) Read more at politico.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: geithner

1 posted on 10/14/2011 10:26:40 AM PDT by Sub-Driver
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To: Sub-Driver

Perp walks and public floggings in Yankee Stadium...integral to the Obama reelect campaign


2 posted on 10/14/2011 10:28:56 AM PDT by Buckeye McFrog
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To: Sub-Driver

They’re goin’ for it.


3 posted on 10/14/2011 10:29:06 AM PDT by freedomson (Tagline comment removed by moderator)
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To: Sub-Driver

So when will the government criminals, Chris Dodd and Bawney Fwank, get their jail sentences for their part in this?


4 posted on 10/14/2011 10:31:22 AM PDT by henkster (Socialists and liberals all want jobs; they just don't want to work.)
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To: Buckeye McFrog

I’d be satisfied it they started with Dodd/Frank.
Sure, what this economy needs is more government
regulation. /s


5 posted on 10/14/2011 10:32:13 AM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: Sub-Driver
“You’ve seen very, very dramatic enforcement actions already by the enforcement authorities across the U.S. government, and I’m sure you’re going to see more to come. You should stay tuned for that,” he said.

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!

Stop it, yer killin' me, Timmy the Tax Cheat!
6 posted on 10/14/2011 10:35:53 AM PDT by kiryandil (turning Americans into felons, one obnoxious drunk at a time (Zero Tolerance!!!))
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To: Sub-Driver
“Crime is contagious. If the becomes the law breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy.”

US Supreme Court Justice Louis D. Brandeis; Dissenting Opinion in Olmstead v. United States 1928

7 posted on 10/14/2011 10:38:16 AM PDT by TheCause ("that these United Colonies are, and of right ought to be, free and independent States")
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To: Sub-Driver

“Crime is contagious. If the government becomes the law breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy.”

US Supreme Court Justice Louis D. Brandeis; Dissenting Opinion in Olmstead v. United States 1928


8 posted on 10/14/2011 10:40:01 AM PDT by TheCause ("that these United Colonies are, and of right ought to be, free and independent States")
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To: Sub-Driver

Just another day in the Obamaland thugocracy.....


9 posted on 10/14/2011 10:40:55 AM PDT by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: Sub-Driver

Surely there is someone at a high level on Wall Street who has done something illegal as well as the flagrantly unethical behavior we already know about.


10 posted on 10/14/2011 10:42:12 AM PDT by gleeaikin
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To: Sub-Driver

I’m thinking he’s not talking about Fannie and Freddy executives past and present or Bawny Fwanks or Chris Dodd.


11 posted on 10/14/2011 10:43:27 AM PDT by InterceptPoint
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To: Sub-Driver

Hussein hates America. For this reason, he must be defeated in 2012. No Republican candidate hates America.


12 posted on 10/14/2011 10:43:30 AM PDT by Recovering_Democrat
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To: Sub-Driver

Little Timmy, when are we going to see your poofter derriere in azz-bangin’ prison?


13 posted on 10/14/2011 10:45:22 AM PDT by Gaffer
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To: Sub-Driver

In other words, “Donate more to the Obama campaign, or we’ll shut you down”.


14 posted on 10/14/2011 10:55:00 AM PDT by radioone ("2012 can't come soon enough")
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To: Sub-Driver
What happened to due process?
What exactly is the crime Wall Street is accused of?
If anyone on WS broke the law, if there is a case to be made, do so in court.
I suspect they can't, that's why they're taking the fight to the street.

What happened to all the laws and oversight committees already in place?
Again, Geithner & co. are trying to enforce a 'fix' before understanding the problem.
In fact they ARE the problem and should have no part in 'fixing' it even more.

15 posted on 10/14/2011 10:59:57 AM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: Sub-Driver

Turbo Tim is going to be prosecuted for tax evasion?
Along with Charlie Rangel?

Oh wait...that’s not Wall Street...that’s Easy Street


16 posted on 10/14/2011 11:03:16 AM PDT by silverleaf (Common sense is not so common - Voltaire)
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To: InterceptPoint

Somehow I doubt Turbo is talking about his overlords at Goldman Sachs, either

This sounds like a scheme sure to make Wall Street cough up extra protection money...errr....campaign donations....for obama


17 posted on 10/14/2011 11:06:26 AM PDT by silverleaf (Common sense is not so common - Voltaire)
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To: Sub-Driver

“The monstrous evils of the twentieth century have shown us that the greediest money grubbers are gentle doves compared with money-hating wolves like Lenin, Stalin, and Hitler, who in less than three decades killed or maimed nearly a hundred million men, women, and children and brought untold suffering to a large portion of mankind”

Eric Hoffer


18 posted on 10/14/2011 11:08:53 AM PDT by SMARTY ("Socialism means slavery." Lord Acton)
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To: Recovering_Democrat

“Hussein hates America. For this reason, he must be defeated in 2012.”

Yes.

“No Republican candidate hates America.”

Perhaps not, but there are Professional Political Thieves that look at the Nation, the People within the Nation that pay the taxes in support of the Nation as nothing more than a cash cow for them to milk. The Republican Party has those as well the Democrats.

In lieu of a costly, and most certain to fail attempt to educate Americans the importance of paying attention to more than pretty hair, and a winning smile we need term limits.

We also need to take all the successes of the many years of the Left towards their goal of centralizing our Government under the Fed, and eliminate them if the States wisely choose NOT to incorporate those aspects of government to their system.

No matter we must demonstrably weaken the Central Government to the point it is controllable by the States, by the people, not the various smug Leftist entities of the day.


19 posted on 10/14/2011 11:11:12 AM PDT by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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To: Sub-Driver
I'd rather 'stay tuned' for Geithner's hanging.

Click the Gadsden flag for pro-gun resources!

20 posted on 10/14/2011 11:21:06 AM PDT by Joe Brower (Sheep have three speeds: "graze", "stampede" and "cower".)
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To: rockinqsranch

“No matter we must demonstrably weaken the Central Government to the point it is controllable by the States, by the people, not the various smug Leftist entities of the day.”

AGREED!


21 posted on 10/14/2011 12:00:37 PM PDT by kitkat (Obama, rope and chains)
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To: Sub-Driver

If you’re unsure who’s on the hit list, just check political donations.
No Dem supporter will be on the list.


22 posted on 10/14/2011 12:01:11 PM PDT by G Larry (I dream of a day when a man is judged by the content of his character)
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To: BitWielder1
Fraud. Fraud FRAUD FRAUD.

SEC violations galore.

They're criminals, dude. Get over it. They're just Too Big To Be Prosecuted.

For details, go to The Market Ticker, and the Market Ticker forums:

http://market-ticker.org/

http://tickerforum.org/cgi-ticker/akcs-www

Many conservatives are clueless about the massive wave of unprosecuted Wall Street Bankster criminality. Billy "CrimBoy" Clinton has got NOTHING on these guys.

23 posted on 10/14/2011 12:02:02 PM PDT by kiryandil (turning Americans into felons, one obnoxious drunk at a time (Zero Tolerance!!!))
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To: henkster
So when will the government criminals, Chris Dodd and Bawney Fwank, get their jail sentences for their part in this?

If I was "Wall St." (good grief, these liberal commie idiots don't get that their alinsky rules are the same tactics as Hitler in 'freezing and polarizing' their target), this would be EXHIBIT A in my defense .....

2004 House Committee Hearing on Fannie Mae/FreddieMac

24 posted on 10/14/2011 12:14:26 PM PDT by Servant of the Cross (the Truth will set you free)
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To: Sub-Driver

It’s a twofer.. shakedown for more campaign cash and appease their nut case base.


25 posted on 10/14/2011 1:26:39 PM PDT by Track9 (Make War!!)
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To: Sub-Driver

Most of the economy has been “staying tuned” since 2008.


26 posted on 10/14/2011 2:02:18 PM PDT by yup2394871293
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To: kiryandil

You mean they’ve waited until Obama’s ratings are in the toilet and slighty over a year before the next presidential election? Why is that?


27 posted on 10/14/2011 2:04:39 PM PDT by yup2394871293
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To: Sub-Driver

When one understands how the demonic co operates with each other it’s easy to see through what is going on.

Let me explain...

The government knew that giving bailouts to banks and corporations would lead to greedy people at the top of banks and corporations to pad their own pockets with the bail out money.(like giving crack to a drug addict)

Now the demonic government will come in and punish the banks and corporations for stealing money that both the government and the banks both knew would happen.

Many young people and people who have been financially crushed by this (who don’t know better)will praise the government for cracking down on the banks and corporations and embrace big government as a savior.

Communism #101!


28 posted on 10/14/2011 4:02:28 PM PDT by stfassisi ((The greatest gift God gives us is that of overcoming self"-St Francis Assisi)))
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To: All

Just to add one more thing....

Just as Christians are willing to sacrifice themselves for the love of others, the demonic are willing to sacrifice themselves for an evil cause,thus, those who will be prosecuted for stealing the bail out money will be thought of as martyrs by the evil one.


29 posted on 10/14/2011 4:30:36 PM PDT by stfassisi ((The greatest gift God gives us is that of overcoming self"-St Francis Assisi)))
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To: yup2394871293
I'd answer your question if I understood it.

Who is "they"?

The Big Banks BOUGHT the government years ago. All that's going on is a big Kabuki dance.

30 posted on 10/14/2011 8:11:44 PM PDT by kiryandil (turning Americans into felons, one obnoxious drunk at a time (Zero Tolerance!!!))
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To: kiryandil

Obama and his DOJ, led by his guy Eric Holder. You know, the people who were supposed to find and prosecute all those Wall Street felons out there back in 2009.


31 posted on 10/16/2011 6:37:29 PM PDT by yup2394871293
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To: Sub-Driver
Geithner is a Marxist pimp. And there are a few people here who agree with him.
32 posted on 10/16/2011 6:44:36 PM PDT by HereInTheHeartland (I love how the FR spellchecker doesn't recognize the word "Obama")
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