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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
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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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