This page has been archived and commenting is disabled.

Barofsky On Geithner: "We Should See People In Handcuffs"

Tyler Durden's picture





 

There is no point in recapping the ongoing vendetta between former SIGTARP Neil Barofsky and former head of the NY Fed, and current Treasury secretary and resident TurboTax expert Tim Geithner. One need but follow the former on Twitter for a quick and concise sampling of the sentiments harbored vis-a-vis the latter. However, in the following interview Barfosky does touch on some points which in the context of the recent Liborgate, should be brought front and center, especially since the increasingly apathetic US audience seems to not care about one bit (as opposed to their distant cousins across the Atlantic for whom Lieborgate has become a daily distraction). Namely, what Barofsky says is that Geithner and other regulators who allowed Lieborgate to proceed should not only lose their job but we should "see [Geithner] in handcuffs."  Sadly that will never happen as it would actually be a deterrent to future crime among the highest echelons of America: something which is just not allowed to happen in a system whose very survival is increasingly reliant on rampant criminality.

To wit:

While Geithner pushed for broader reforms of LIBOR, he did not explicitly warn of possible rate manipulations and neglected to notify U.S. regulators at the Department of Justice, the Commodity Futures Trading Commission and Securities and Exchange Commission to the wrongdoing, notes Barofsky.

 

It was a "message to the banks 'if we commit fraud, we break the rules, don't worry, we're too big — they'll never bring the appropriate steps against us,'" Barofsky says in an interview with The Daily Ticker. "And that is why we've had scandal after scandal after scandal."

 

This was a "global conspiracy to fix one of the most important interest rates in the world," Barofsky continues. "[Geithner] heard this information and looked the other way. Geithner and other regulators should be held accountable, they should be fired across the board. If they knew about an ongoing fraud, and they didn't do anything about it, they don't deserve to have their jobs. I hope we see people in handcuffs."

Full clip: 

h/t TK

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 07/26/2012 - 14:18 | Link to Comment Silver Bug
Silver Bug's picture

Until a stream of high up banksters go to prison. The Pillaging will continue. At the moment it is profitable, why would they stop?

 

http://silverliberationarmy.blogspot.ca/

Thu, 07/26/2012 - 14:24 | Link to Comment TheCanadianAustrian
TheCanadianAustrian's picture

I think a stream of bankster blood exiting their skulls might also be effective.

Thu, 07/26/2012 - 14:26 | Link to Comment Precious
Precious's picture

Turbo Tim -- may it haunt him forever.

Thu, 07/26/2012 - 14:35 | Link to Comment ElvisDog
ElvisDog's picture

Yeah, right. In the real world, Timmy will retire from Government work into a cushy job at GS, JPM, Citi, or one of the other investment banks. He will live a life of luxury and die comfortably at a ripe old age. He will regret nothing.

Thu, 07/26/2012 - 14:42 | Link to Comment Pladizow
Pladizow's picture

There will be NO accountability, only collapse!

Thu, 07/26/2012 - 15:01 | Link to Comment ndotken
ndotken's picture

accountability??? ... hahahahahahaha ... you people crack me up ...

Thu, 07/26/2012 - 15:02 | Link to Comment Michael
Michael's picture

The communist socialists are coming out of the woodwork to strip us of our guns. Lets just get this strait right now. The 2nd amendment is specifically written so American citizens can kill government employees who get violent on us. To defend ourselves and our families against the 450 million hollow point bullets the government employees just purchased to use on American citizens. Even government drone attacks on civilians can't get US citizens to disarm ourselves. First, guns are for killing federal government employees and other government employees who turn violent on Americans, period.

Thu, 07/26/2012 - 15:14 | Link to Comment economics9698
economics9698's picture

Tony Montana: I kill a communist for fun, but for a green card, I gonna carve him up real nice. 

Thu, 07/26/2012 - 16:34 | Link to Comment AldousHuxley
AldousHuxley's picture

Handcuffs are for petty thieves.

 

Executions are for traitors.

 

Also make sure they lose all personal wealth derived from corruption.

Fri, 07/27/2012 - 02:28 | Link to Comment zhandax
zhandax's picture

Bulls-eye!  You want this shit to stop, take their money.  That's the only thing these cocksuckers understand.

Thu, 07/26/2012 - 15:27 | Link to Comment Missiondweller
Missiondweller's picture

Not sure I'd be posting those types of thoughts even if its meant to express the sentiment that the government should be afraid of the people and not the other way around.

 

Hope you're posting from a library or you may get a visit from Big Sis (DHS)

Thu, 07/26/2012 - 15:48 | Link to Comment Michael
Michael's picture

Not worried, just stating the facts.

Thu, 07/26/2012 - 16:08 | Link to Comment Real Estate Geek
Real Estate Geek's picture

Then you're going to love the latest gem from the little fascist running NYC.  He wants police to go on strike as a way to blackmail the public into relinquishing the remnants of The Second Amendment.  Of course, that wouldn't apply to his own security detail; just the cops supposedly protecting and serving the hoi polloi--who are paying their fucking salaries and pensions!


http://www.dailymail.co.uk/news/article-2178383/Mayor-Bloomberg-calls-police-strike-public-demands-gun-control--arms-sales-rocket-FORTY-cent-Colorado.html

Thu, 07/26/2012 - 16:46 | Link to Comment AldousHuxley
AldousHuxley's picture

religious salesmen always brainwashing masses into submission with imaginary carrots (aka. heaven after you are dead)

 

If that doesn't work then, there's the police and military to protect assets of the rich first with sticks (beat the shit out of the masses into submission)

 

productive workers are just above the untouchables. Most people forget that.

 

King (the owner)

Advisors (the braines)

Religious, political, intellectual Elites (the good cop)

Police, Military (the bad cop)

Special workers

Not so special workers

Disabled, disenfranchised, young and old

 

Thu, 07/26/2012 - 18:21 | Link to Comment azzhatter
azzhatter's picture

Such a little faggot this Bloomberg is. Somebody should take away his right to oxygen

Thu, 07/26/2012 - 17:08 | Link to Comment stormsailor
stormsailor's picture

the 450 million hollow points was just .40 caliber.  there were 300 million 9 mm hollow points ordered as well.

Thu, 07/26/2012 - 15:22 | Link to Comment Benjamin Glutton
Benjamin Glutton's picture

Video of HARRY REID DEMANDING audit of Federal Reserve. Now he says no floor vote? what a POS.

 

http://www.youtube.com/watch?feature=player_embedded&v=oXOsZ7Ad7dM#!

 

Harry Reid said today that Ron Paul's Audit the Fed bill will not be brought up for a vote in the Senate. Remind him of these words(C-SPAN-1/23/1995). Let him know we see his two faces. Phone: 202-224-3542 / Fax: 202-224-7327

Thu, 07/26/2012 - 17:23 | Link to Comment Daily Bail
Daily Bail's picture

BAROFSKY BOOK EXCERPT - Geithner's Temper And Transparency Exposed: "No One Has Ever Made The Banks Disclose The Type Of Shit That I Made Them Disclose..."

Excerpt:

"Neil, I have been the most fucking transparent secretary of the Treasury in this country's entire fucking history!"  Geithner erupted, in an episode that had Barofsky wondering if Geithner was going to "throttle" him

Thu, 07/26/2012 - 15:12 | Link to Comment azzhatter
azzhatter's picture

cause and effect

Thu, 07/26/2012 - 16:02 | Link to Comment BeetleBailey
BeetleBailey's picture

....unless;

The new sport is going after banksters - for sport.

These cunts will get theirs in time.

Geithner's a cunt - just like his douchebag boss, Barry O'Blamercuntasaurus

Thu, 07/26/2012 - 16:30 | Link to Comment smlbizman
smlbizman's picture

timmy will just reach out into the ring and make the tag to lloyd....

Thu, 07/26/2012 - 15:30 | Link to Comment eatthebanksters
eatthebanksters's picture

You guys don't get it, Tim Geithner is brilliant!  He knows better than anyone what's good for America!  He even knows better than Obama, that's why he didn't break up Citicorp when Obama ordered him to make an example out of that beig corrupt institution. God only knows why Obama didn't fire him...maybe he doesn't have anyone else who will do the angry dragon.  

 

This whole administration is filled with self impressed theorists who walk around patting each other on the back telling each other how smart and how great they are and how he public just does not understand them, but how they knowwhat's best for everyone. In fact, these fuckers are utterly absent any moral compass or principals and corruption is not a word in their vocabulary.  This shit will end when they have no more tools in their box to manipulate things...that day isl coming sooner than later.  God help these poor bastards when the masses find out there are no jobs to be had, food prices are through the roof, welfare checks are stopped, their pensions are gone and healthcare has become too expensive for all but the most wealthy.  I'll be in the sticks watching from afar...

Thu, 07/26/2012 - 15:35 | Link to Comment RobD
RobD's picture

angry dragon

Man you made my day. Had to look that one up, still laughing.

Thu, 07/26/2012 - 16:55 | Link to Comment geewhiz190
geewhiz190's picture

i urge everyone to read "Bailout"  It confirms much of what's talked about on ZH.  I found it riveting and infuriating. Something has to change.  Barofsky should know better than anyone just how f-- up everything is, especially at Treasury.  What a freaking disgrace.

Thu, 07/26/2012 - 14:20 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

Thanks for the chuckle.

Thu, 07/26/2012 - 14:20 | Link to Comment penexpers
penexpers's picture

Fuck you, Tim Geithner, and all you other corporatist banking parasites.

 

Thu, 07/26/2012 - 14:33 | Link to Comment Carl Spackler
Carl Spackler's picture

What about his boss, Barack Obama?

That is the one telling Geithner what to do in exchange for campaign donations from the criminal banking types.

Thu, 07/26/2012 - 14:57 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Obama - "AK-47's belong in the hands of soldiers."

Holder - "And Mexican Drug cartels."

Thu, 07/26/2012 - 15:04 | Link to Comment NotApplicable
NotApplicable's picture

Why bother with the redundancy?

Thu, 07/26/2012 - 15:31 | Link to Comment Missiondweller
Missiondweller's picture

Good god, no kidding. The UN wants to take our guns away as our government gives guns to Cartel members on the US /Mexico border.

Thu, 07/26/2012 - 14:47 | Link to Comment TPTB_r_TBTF
TPTB_r_TBTF's picture

Obama tells Timmy what to do?!  LOL, ... you have no idea how the system works!

It works more along the lines of:

both Obama and Timmy ask Wall Street for "advice".

Thu, 07/26/2012 - 14:55 | Link to Comment Tirpitz
Tirpitz's picture

No need to ask. The daily marching orders are handed to them before breakfast.

Thu, 07/26/2012 - 14:57 | Link to Comment WonderDawg
WonderDawg's picture

Wrong again. Obama and Geithner obey the orders they're given by the banking cartel. They're frontmen, puppets, nothing more. They take orders. They do not influence monetary policy, they just front for it.

Thu, 07/26/2012 - 15:08 | Link to Comment NotApplicable
NotApplicable's picture

How can you state someone is wrong, then restate their entire argument as proof?

Hint: there are quotes around the word "advice."

Thu, 07/26/2012 - 15:30 | Link to Comment WonderDawg
WonderDawg's picture

Perhaps I misunderstood his post. He seemed to be saying that they colluded. I corrected it by saying they don't have the authority to collude because they wield no influence, rather they just do what they're told. My apologies if this is what the poster meant.

Thu, 07/26/2012 - 15:39 | Link to Comment TPTB_r_TBTF
TPTB_r_TBTF's picture

no offense taken.  The original post is not well worded.

When i reread my original post, it sounds almost like "DC hiring consultants from NYC..."

That is certainly NOT what i meant to portray!

Thu, 07/26/2012 - 15:12 | Link to Comment TPTB_r_TBTF
TPTB_r_TBTF's picture

to be even more specific,

TPTB give these orders through their banking cartel to numerous govt puppets and henchmen.

Thu, 07/26/2012 - 15:15 | Link to Comment TPTB_r_TBTF
TPTB_r_TBTF's picture

ooops, forgot the part

... "before breakfast."

Thu, 07/26/2012 - 15:30 | Link to Comment WonderDawg
WonderDawg's picture

Right. Sorry if I misunderstood your post. You are correct.

Thu, 07/26/2012 - 18:26 | Link to Comment sgt_doom
sgt_doom's picture

Well spoken, W-dawg, well, spoken!

My favorite references:

Battling Wall Street:  The Kennedy presidency, by Donald Gibson

Thy Will Be Done, by Gerard Colby with Charlotte Dennett

John Kenneth Galbraith, by Richard Parker

Reading those three should enlighten everyone about both the how and why of the turn America took after the assassinations of the 1960s (JFK, MLK, RFK, etc.).

The culprits are first and foremost, the Rockefeller family --- and that's not just David (and the deceased Nelson), but all of that family.

If people don't or can't understand what's really going on --- namely their Standard Oil and AT&T were only broken up on paper, not ever actually financially divested, simply read the following government reports:

The Pujo Committee's report on the Money Trust

The TNEC study, published 1941 (Temporary National Economy Committee)

Cartels and National Security, Report No. 4, 1944 (Senate Subcommittee on War Mobilization)

Patman Report (from Wright Patman's committee) 1968

Structure of Corporate Concentration, US Senate, 1980

Then you'll grasp why that Forbes listing of the richest in America is pure bunkem!

Thu, 07/26/2012 - 15:24 | Link to Comment ChacoFunFact
ChacoFunFact's picture

Thu, 07/26/2012 - 14:21 | Link to Comment partimer1
partimer1's picture

THAT'S REALLY TRUE AND LACKING SO FAR.  If we put a big stick in Jon "superman" Corzine's ass today, and people will stop messing with the law, and behave like real human being.   

Thu, 07/26/2012 - 14:35 | Link to Comment madcows
madcows's picture

S&L was only 30 years ago.  Many went to jail.  And, here were are a generation later, watching more corruption, more scandal, more theft.  You can punish all you want.  It won't change a thing.  The only way to limit the crime is to put severe regulation in place.   Divide the casinos from the banks.  Limit the leverage taking.  You'll still have Corzine's, but maybe avoid the Lehmans.

 

Or, you could shoot a few of them.  they can't steal from you if they're dead.

Thu, 07/26/2012 - 15:10 | Link to Comment NotApplicable
NotApplicable's picture

If you think regulation by a criminal syndicate is going to accomplish anything, well, I've got some bad news for you...

Thu, 07/26/2012 - 15:27 | Link to Comment madcows
madcows's picture

Feel free to start the shooting, then.

Thu, 07/26/2012 - 15:20 | Link to Comment WillyGroper
WillyGroper's picture

a good start would be enforcing the regulation in place. what a joke!

Thu, 07/26/2012 - 16:27 | Link to Comment Real Estate Geek
Real Estate Geek's picture

That's crazy talk!  Next you're going to propose that they enforce existing gun control laws rather than pass new ones.

/sarc

Thu, 07/26/2012 - 14:36 | Link to Comment krispkritter
Thu, 07/26/2012 - 14:56 | Link to Comment EscapeKey
EscapeKey's picture

Marketwatch are too busy showing off their l33t coding skillz to do any actual reporting:

http://blogs.marketwatch.com/livenews/2012/07/26/hello-world/

 

Thu, 07/26/2012 - 16:32 | Link to Comment Real Estate Geek
Real Estate Geek's picture

If we put a big stick in Jon "superman" Corzine's ass . . .

And here's the perfect person to do just that:

http://blog.sfgate.com/stew/2012/07/17/man-with-worlds-biggest-penis-sto...

 

Thu, 07/26/2012 - 14:26 | Link to Comment ebworthen
ebworthen's picture

"...a system whose very survival is increasingly reliant on rampant criminality."

Precisely, exactly, absolutely, positively, undeniably, irrefutably, verify-ably, TRUE.

Enforcement of the Rule of Law and Wall Street; two cousins who shall never meet.

Thu, 07/26/2012 - 14:38 | Link to Comment Too Big 2
Too Big 2's picture

To say "two cousins who shall never meet" is to say that our entire system (financial and everything else) will forever be run by what are effectively "mobsters".  Everything that gets too skewed in one direction or another always reverts back to the mean so let's hope that your statement prooves to be wrong and that honest leaders will rise up and enforce the rule of law.     

Thu, 07/26/2012 - 14:26 | Link to Comment Dr. Engali
Dr. Engali's picture

Timmah belongs in handcuffs. How in the hell can they talk about manipulating Liebor without talkng about the Bernank manipulating interest rates? He is the one who belongs in hancuffs, leading the rest of the evil scum to prison.

Thu, 07/26/2012 - 14:23 | Link to Comment Joebloinvestor
Thu, 07/26/2012 - 15:41 | Link to Comment Galt57
Galt57's picture

Corzine goes free because the MFG clients are getting their money back.  You see, if you break the law and and are unfortunate enough to get caught, then you just pay back the stolen goods, and you don't get prosecuted.  See how it works?

Thu, 07/26/2012 - 14:25 | Link to Comment Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

Kinky.

Thu, 07/26/2012 - 14:26 | Link to Comment dow2000
dow2000's picture

Paterno looked the other way, at least justice is being served over at Penn State. 

Thu, 07/26/2012 - 15:01 | Link to Comment 55 men
55 men's picture

True, but there may even be a bigger cover up, which is why they are coming down so hard on the school itself. To me this stinks like the franklin cover up. Just a thought....

Thu, 07/26/2012 - 15:16 | Link to Comment azzhatter
azzhatter's picture

dead men don't talk. they think it can end there

Thu, 07/26/2012 - 15:44 | Link to Comment madcows
madcows's picture

That would only be a good analogy if Paterno did the shower crimes, too.  Remember, TaxCheatTimmy worked for Goldman Sux before being Treasurer. 

Not to be forgotten, Judas was Jesus' treasurer. 

Thu, 07/26/2012 - 14:26 | Link to Comment Cheater5
Cheater5's picture

This kind of strikes me as what Joe Paterno did or didn't do at Penn State......

Thu, 07/26/2012 - 14:27 | Link to Comment irie1029
irie1029's picture

I love the humor of this blog... I really hope people wake up and understand the screwing they are getting.  If the fed does get audited and things continue to unfold there may be change and less apathy and god forbid accountability.

Thu, 07/26/2012 - 14:29 | Link to Comment VonSalza
VonSalza's picture

Free Tim Geithner

Thu, 07/26/2012 - 15:11 | Link to Comment ghengis86
ghengis86's picture

How do I get my free piece of Turbo Tim? Are they divvying him up at the local Whole Foods?

Thu, 07/26/2012 - 15:18 | Link to Comment azzhatter
azzhatter's picture

I've always dreamed of catching Timmy stealing in my garage and beating him to a bloody pulp with a rusty shovel

Thu, 07/26/2012 - 14:30 | Link to Comment q99x2
q99x2's picture

Now you're talkin. Arrest them. Put them in handcuffs. Someone call the police. 

Thu, 07/26/2012 - 14:30 | Link to Comment solgundy
solgundy's picture

 Barofsky was nominated for the job of overseeing the TARP by President George W. Bush on November 14, 2008.....the blame Bush crowd roars....

-

 -

-

but

 

Barofsky is a life-long Democrat who donated money to the Obama campaign,...... ooops

Thu, 07/26/2012 - 15:12 | Link to Comment NotApplicable
NotApplicable's picture

Question is, just which job is he bucking for next year? Geithner's perhaps?

Thu, 07/26/2012 - 15:22 | Link to Comment solgundy
solgundy's picture

I don't care what job he's bucking for next....it's obvious, the man has character and honesty

Thu, 07/26/2012 - 17:55 | Link to Comment Overfed
Overfed's picture

I don't care if the guy's motives are completely ulterior, so long as he brings down some big fish to the frying pan.

Geithnere, Bernanke, O'bomb-a, Holder, et. al. deserve to be tossed into a cage with a couple of pissed off chimpanzees.

Thu, 07/26/2012 - 14:32 | Link to Comment Hype Alert
Hype Alert's picture

That was quick!

 

"And that is why we've had scandal after scandal after scandal."  We're not even getting token people put in jail.

Thu, 07/26/2012 - 14:38 | Link to Comment madcows
madcows's picture

Nope.  In bizarro world, they just get promoted or golden parachuted.

Thu, 07/26/2012 - 14:31 | Link to Comment Carpathia
Carpathia's picture

I've just read Barofsky's new book "Bailout".  Well written and captivating.  Sort of like watching the Watergate hearings and learning the ins and outs of money laundering from Tony Ulasewicz.  Years from now Neil Barofsky will be a "Profile in Courage".

He's been the most F***ing transparent Secretary of the Treasury ever;-)

Thu, 07/26/2012 - 14:32 | Link to Comment JR
JR's picture

It’s encouraging that political crime is getting much more attention and with naming names and their connections there’s a wider understanding of what’s happened to representative government. But it’s important not to judge what will happen to our highly placed criminals in the future…using the traditions of the shadow government of the past.

New and wider revelations to the American people will present new conditions and dangers to the public officials who have abused their trust for wealth and power.

The efforts and sacrifices of the Ron Pauls and Tyler Durdens have not been in vain

Thu, 07/26/2012 - 15:16 | Link to Comment NotApplicable
NotApplicable's picture

Encouraging, except for the fact that it's ALL BS.

This is nothing but election-year facade maintenance, designed to provide the sheeple of all stripes with an appropriate rallying point for the upcoming

"MOSTEST IMPORTANTIST SELECTION EVARRRR!!!!1111eleventy11!11!!!!

Anyone who thinks differently needs to step the fuck away from the Kool-Aid dispenser and sober up, QUICK!

Thu, 07/26/2012 - 17:39 | Link to Comment JR
JR's picture

When information is flooding out on who the crooks are and what they are doing, election year or not, it’s really hard for me, and I think many Americans, to go to sleep after seeing it.

There’s no argument that the two-party system is super rotten and totally captured by the cartel. But a choice between war mongers and banker puppets like Obama and Romney is a signal that this boil has reached maturity and if it doesn’t break will be lanced by the people.

A massive cheating blockade had to be used to stop Ron Paul in the primaries, which is not to say the political system is business as usual but rather the political system is nearing it’s breaking point. Fair elections would have produced a President Ron Paul.

Thu, 07/26/2012 - 14:41 | Link to Comment brace_brace_brace
Thu, 07/26/2012 - 14:35 | Link to Comment Sofa King
Sofa King's picture

He's not going anywhere in handcuffs. His "Whatever-it-takes" mandate from Paulson and the banks came with full indemnity and promise of the Treasury Secretary position.  The only way you can explain how somebody so unpolished and completely unqualified has the job.  I bet that dude has more dirt on financial executives than J. Edgar Hoover ever had on Heads of State.  How else do you explain anybody sitting across the table from that smug lucky the leprechaun looking prick and not lunge at his jugular with a Bic pen.

Thu, 07/26/2012 - 14:35 | Link to Comment foxenburg
foxenburg's picture

Barofsky seems to have a point. He also sounds a little shrill. Is he a family man?

Thu, 07/26/2012 - 14:38 | Link to Comment YesWeKahn
YesWeKahn's picture

put him inthe same cell as Bernank, they will talk about printing for their rest of lives

Thu, 07/26/2012 - 15:08 | Link to Comment alien-IQ
alien-IQ's picture

No, don't put them in a cell together. Put them in with the general population at Rahway so they can be treated like the bitches they are.

Thu, 07/26/2012 - 14:42 | Link to Comment Everybodys All ...
Everybodys All American's picture

Don't expect Eric Holder to do anything. Obama chose this guy for a reason and now you know why.

http://www.breitbart.com/Big-Government/2012/07/26/REVEALED-Corzine-s-MF-Global-Was-a-Client-of-Eric%20Holder-s-Law-Firm

 

--edited-- ... I see it's been already posted.

Thu, 07/26/2012 - 14:41 | Link to Comment alarm bell
alarm bell's picture

Off topic but if you think the Penn State cover up was all for a small time assistant coach you have been duped.  Wake the fuck up!

Thu, 07/26/2012 - 15:20 | Link to Comment NotApplicable
NotApplicable's picture

I noted not a single donor was named in the report *wink, wink, nudge, nudge* "ya know what I mean?'

Most people I talk to know little to nothing about Second Mile, or its connections to the football program.

Thu, 07/26/2012 - 15:38 | Link to Comment alarm bell
alarm bell's picture

Thank you for not giving me a blank stare.

Thu, 07/26/2012 - 14:41 | Link to Comment lindaamick
lindaamick's picture

Scandals day in and day out with NO consequences to the perpetrators.

My personal response is becoming "why should I be the only honest person in this fraud factory?"

I've already been cheated out of a big percentage of my life's savings and have lot all home equity built up over my lifetime.

It is very demoralizing.  It might be better to go to jail than to pay anymore taxes to support this fraud factory.

Thu, 07/26/2012 - 14:42 | Link to Comment JustObserving
JustObserving's picture

Our top regulators look away from fraud - must be a lifetime of experience.

Ben Bernanke on Libor manipulaton - "It's not my job." 

That there is no outrage shows how corrupt our system has become - corruption is now a way of life in the USA.

 

Thu, 07/26/2012 - 15:22 | Link to Comment NotApplicable
NotApplicable's picture

"Our regulators?"

I think I see the problem with your "way of life." It relies upon fiction.

Thu, 07/26/2012 - 14:44 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

I'd go for a cage match.

Thu, 07/26/2012 - 14:51 | Link to Comment jomama
jomama's picture

yeah, right, 'handcuffs' just like Jerry del Missier's golden parachute. not holding my breath.

most average people don't have a fucking clue, or if they do, they feel defeated in terms of what they can do about it.  just witnessing people's confusion at four way stop signs is downright depressing.

back to chasing to that carrot on a stick (FICO score) for the useful idiots until the house of cards comes crashing down!

Thu, 07/26/2012 - 14:45 | Link to Comment Everybodys All ...
Everybodys All American's picture

With regulation of markets this corrupt there is no way the economy can flourish. Part of the allure of capital to this country for years has been the adherance to the rule of law by our governement and the anticiapated regulators enforcement of rules and regulation on the markets. Both are sadly missing. Until this changes there will be no recovery.

Thu, 07/26/2012 - 14:48 | Link to Comment theprofromdover
theprofromdover's picture

Tiny Tim has passed the point of no return.

The point at which he believes everything that comes out of his mouth is cute, smart, and unimpeachable.

-try "accessory after the fact" Timbo, and dig your hole a little deeper.

Thu, 07/26/2012 - 14:51 | Link to Comment miker
miker's picture

"THEY" didn't move to stop it because it served their purposes during the crisis.  They directed LIBOR down to relieve stress.  After the crisis, they didn't give a shit.

Thu, 07/26/2012 - 14:52 | Link to Comment ddtuttle
ddtuttle's picture

Actually, we should all be ashamed.  We KNEW he was a tax cheat, and yet he was accepted as Obama's treasury secretary.  Where was the outrage?

I retrospect, that he is a criminal seems to be a job requirement rather than any kind of impediment.

 

Thu, 07/26/2012 - 14:53 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture

 

 

All the "hang 'em" type comments here are amusing. 

There won't be any perp walks, not even a wrist slap. The Wall Street banker crime syndicate owns the government.   

Anyone not seeing that is blind.

Thu, 07/26/2012 - 16:13 | Link to Comment BeetleBailey
BeetleBailey's picture

That may be true Geezer.....but this will blow up in their faces.

NOT ME..but someone is going to go postal on these bastards.

I predict.............

SOME disgruntled former GM bond holder/person who lost it all/someone who got their life ruined by these criminals is going to take action - and it won't be pretty.

If I were these fuckers - any of them - I'd start wearing Kevlar as standard issue........

Frustration/hopelessness is a motherfucker.....

Thu, 07/26/2012 - 16:20 | Link to Comment OneTinSoldier66
OneTinSoldier66's picture

You may be stating fact. But you also seem to be stating that nothing can possibly change, although I don't know why.

Thu, 07/26/2012 - 17:15 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture

 

 

Oh yes, things can change ...for the worse.

You agree a banker crime syndicate runs the government?  Ok, you're on the right track.

What's the next logical conclusion?  How bout stealing everything from everybody?  They control the financial system too.  Any assets in that financial system are there for the taking, like MFG and now PFG showed us.

It'll just get worse. More looting. 

All the while they loot our wealth right out of our pockets via currency printing and debasement.  Who gets those billions of printed dollars?  Wall Street banks ...along with the government ...to keep them playing along.

 

 

Thu, 07/26/2012 - 14:54 | Link to Comment wherewasi
wherewasi's picture

They were probably using the Turbo-Interbank-Interest-Rate thingy and got all hosed up... maybe some blue screens and shit.  No biggie...

Thu, 07/26/2012 - 14:55 | Link to Comment Nobody For President
Nobody For President's picture

Okey Dokey ZHers - Everybody out there that believes they will see little Timmy in Handcuffs in their lifetime raise their hands.

...

No?

How about Jon the Vaporizer?

...

No?

Thought so.

Maybe Banzai will at least do another picture of what justice could be, but won't happen.

Thu, 07/26/2012 - 14:59 | Link to Comment Everybodys All ...
Everybodys All American's picture

This administration is making Nixon look like an amateur.

Thu, 07/26/2012 - 15:03 | Link to Comment Hannibal
Hannibal's picture

Neckshots usually do the trick.

Thu, 07/26/2012 - 15:02 | Link to Comment GrinandBearit
GrinandBearit's picture

These criminal banksters should all be tortured and put to death.  The banksters deliberately invent fancy names and terms for their schemes/crimes and the average sheeple cannot possibly comprehend any of them.  Add in all the MSM and tech toy distractions and the poor sheeple do not have a prayer.  

Just look at the markets today.  In the midst of all the scandal(s), it's green as far as the eye can see.  It's ludocrous.

 

Thu, 07/26/2012 - 15:33 | Link to Comment Dick Gazinia
Dick Gazinia's picture

I like bankers.  I have real good recipe for them.

Thu, 07/26/2012 - 15:03 | Link to Comment citta vritti
citta vritti's picture

all this talk about handcuffs for various perps reminds me we need WB7 to do so more kinky S&M themed mashups - not that I like that stuff, but those are about the only handcuffs and chains these guys (a term that includes the feminine strain) will ever see - meanwhile maybe laughing and realizing how ridiculous these clowns are (if only the levels of theft weren't so big) may hasten our collective willingness to see them undone so things can move forward

Thu, 07/26/2012 - 15:04 | Link to Comment Meesohaawnee
Meesohaawnee's picture

One thing people must understand in this once great country. You need to rid the word "should". What "should" happen did in the June Cleaver era. We are now in the what "does" .. Quit thinking should. There should be people in handcuffs. The "market" should be free and not manipulated as a propaganda too,  but it wont happen. We live in a lawless third world country. Thats a fact.

Thu, 07/26/2012 - 15:04 | Link to Comment GlomarHabu
GlomarHabu's picture

It's US audience apathy compounded by ignorance

Collectively the IQ in the United States is 98. That number allows one to sit all day and hit the channel changer until the fatty is twisted and ready to be fired up.

Take a look ..then if you're brave enough look where our children place academically .... we're not getting a good ROI on education

Rank

Country

IQ estimate

1

Hong Kong

107

2

South Korea

106

3 ^

Japan

105

4

Taiwan

104

5

Singapore

103

6 *

Austria

102

6 ^

Germany

102

6 **

Italy

102

6 *

Netherlands

102

10

Sweden

101

10

Switzerland

101

12

Belgium

100

12 **

China

100

12

New Zealand

100

12 **

United Kingdom

100

16

Hungary

99

16

Poland

99

16 **

Spain

99

19

Australia

98

19

Denmark

98

19 *

France

98

19

Mongolia

98

19

Norway

98

19 *

United States

98

 

Thu, 07/26/2012 - 16:45 | Link to Comment Sparkey
Sparkey's picture

`OH` Sweet Jebus, please say it isn't so-- Not less than Poland!

Thu, 07/26/2012 - 15:14 | Link to Comment PicassoInActions
PicassoInActions's picture

There are many comments here about people being asleep.

I don't think they are asleep, they jsut got too much to lose ( what ever that much is) commpare to other contries.

No middle class, not even welfare people will rise since what ever they have a still better than what other people have.

Thu, 07/26/2012 - 15:16 | Link to Comment cooperbry
cooperbry's picture

Some of us are paying attention.  I've lost hope that anyone will be arrested for the financial crisis, but, there are plenty of elected representatives, Fanie/Freddie executives that could be charged with crimes.  I'm still hopeful that Corzine will be charged, but, I doubt that will happen.

 

I agree we need to start to see people going to jail for financial crimes.

Thu, 07/26/2012 - 15:22 | Link to Comment azzhatter
azzhatter's picture

Angelo Mozilo and Jim Johnson are outright fucking criminals, as much as the thug on the street who steals your wallet and they are partying on. Tell me we have justice in this country

Thu, 07/26/2012 - 15:20 | Link to Comment toomanyfakecons...
toomanyfakeconservatives's picture

Exactly my point. The MASS ARRESTS are coming. The madness will be coming to an end soon in the form of MASS ARRESTS of everyone from Obama and Brenanke on down, the virtual dissolution of the federal government, and the unleashing of countless formerly-suppressed, planet-saving, human race-saving technologies. Don't believe the fear-bot keyboard jockeys who dismiss what's coming. Get a grip, know your moments in history, and stopping kidding yourself that tens of millions of American patriots, gun owners, active-duty military, reservists, veterans, police, federal marshalls and so on, are somehow powerless and inconsequential. When they roar and the MASS ARRESTS occur, our illegitimate government, the FED, and the traitors will be sent to the FEMA camps they once day-dreamed about using on you and me. http://tinyurl.com/cd5cyjo/

Thu, 07/26/2012 - 15:29 | Link to Comment WillyGroper
WillyGroper's picture

u on shrooms?

Thu, 07/26/2012 - 15:36 | Link to Comment toomanyfakecons...
toomanyfakeconservatives's picture

No... but it's gonna feel like that when Timmy, Benny, and the POTUS are perp-walked in front of the cameras in chains and orange jumpsuits. Like 99.9% of Americans, you and I will merely be spectators when this goes down.

Thu, 07/26/2012 - 17:59 | Link to Comment shovelhead
shovelhead's picture

Because I havea bb gun and I'm not afraid to use it.

Thu, 07/26/2012 - 15:49 | Link to Comment azzhatter
azzhatter's picture

One can hope

Thu, 07/26/2012 - 22:49 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture

 

 

First libertarian troll I've seen here.

Let's see, 95% of military are pro government (trained to follow orders regardless of their personal views), 95% of vets are pro government,  95% of LE are pro government, they all get a paycheck from the government, they're not gonna make any waves, and gun owners would never be able to organize well enough to pose any threat.

So just how are these "mass arrests" supposed to happen?

I won't call you a fool.  I'll let you prove you're a fool.

Fri, 07/27/2012 - 00:16 | Link to Comment toomanyfakecons...
toomanyfakeconservatives's picture

Spoken by a true shitbag who has never shouldered a rifle, taken any oath, or done shit for his country. Believe me... if 5% of the military and police were truly pro-government that would be an all time high.

Fri, 07/27/2012 - 10:14 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture

 

 

if 5% of the military and police were truly pro-government that would be an all time high.

Sorry, I was wrong, you're not a fool.

Completely loony tunes insane is more like it.

 

Thu, 07/26/2012 - 15:19 | Link to Comment Jake88
Jake88's picture

We have seen already that these guys are above the law.  If they weren't Jon and Timmy would be behind bars or arrested by now. May be if there was a public outcry something would be done. But we have a congress and a president that passed a law to allow the pres to imprison us wiithout due process. They have intimidated us into silence.

Thu, 07/26/2012 - 15:23 | Link to Comment azzhatter
azzhatter's picture

Over 50% of americans don't even know who Geithner is. This fucker should be plastered on posters all over America as a most wanted fuckstick criminal.

Thu, 07/26/2012 - 15:25 | Link to Comment azzhatter
azzhatter's picture

If we one candidate for senate, for congress who would campaign on arresting these ratfucks, threaten to prosecute everyone of them we might be able to get attention to the real problem

Thu, 07/26/2012 - 15:26 | Link to Comment Bansters-in-my-...
Bansters-in-my- feces's picture

"should be in handcuffs"

Wow...!~

 

I aint never seen someone hang in handcuffs before.

That would be Kool.

Ps.

Fuck you Timmy,you little fucking Weasel.

Love to see you Hang around,literally.

Thu, 07/26/2012 - 15:31 | Link to Comment rsnoble
rsnoble's picture

You beat me to it. LOL.

Thu, 07/26/2012 - 15:26 | Link to Comment rsnoble
rsnoble's picture

Handcuffs? You mean just until the firing squad is done with them right?

Thu, 07/26/2012 - 15:38 | Link to Comment toomanyfakecons...
toomanyfakeconservatives's picture

Let's just hope the violence after the MASS ARRESTS occur will be minimal. People will be freaking out when they see Timmy, Benny, and the POTUS on CNN wearing chains and orange jumpsuits.

Thu, 07/26/2012 - 15:39 | Link to Comment loveyajimbo
loveyajimbo's picture

Bummer that Mitt does not come out with some balls and tell the people his first actions will be to go after the massive corruption in financial institutions and in DC.  Bummer because he may be one of them... I hope not, and I think BO is a puke.  Many in his cadre should be in chains.

Thu, 07/26/2012 - 15:44 | Link to Comment Lednbrass
Lednbrass's picture

A few headlines and news stories at first followed by a media blackout on the subject, then some slaps on the wrists of the token offenders and an eventual return to nice offices and very healthy bank accounts for those who will be paraded around for the cameras.

Thu, 07/26/2012 - 15:43 | Link to Comment Jumbotron
Jumbotron's picture

Don't be surprised to see this guy die by "mysterious" circumstances soon.

Thu, 07/26/2012 - 15:56 | Link to Comment thetruthseeker
thetruthseeker's picture

Unfortunately, at this point I am not sure handcuffs will do the trick.  We probably need to adopt the playbook of the Chinese when dealing with criminals that have robbed on this scale and magnitude.

Thu, 07/26/2012 - 16:12 | Link to Comment john in cheshire
john in cheshire's picture

Maybe a stupid question but why is no one investigating the early years of our ruling criminal fraternity? What was Mr Geithner like as a child and adolescent? Are there any clues in his early years that could help us identify people such as him in the future, so that we can avoid them? This question, of course applies equally to our criminals here in the UK; Mr Blair, Mr Brown, Mr Balls and etc. It's as though these persons had no presence prior to their incumbency in a powerful position; just like psychopaths and serial killers, they must have exhibited signs of deviancy.

Thu, 07/26/2012 - 16:19 | Link to Comment Little John
Little John's picture

 "I do not pretend to understand the moral universe; the arc is a long one, my eye reaches but little ways; I cannot calculate the curve and complete the figure by the experience of sight; I can divine it by conscience. And from what I see I am sure it bends towards justice." -- Theodore Parker

Well we can only this applies to bankster/pols the way it did to slave holders. 

Thu, 07/26/2012 - 16:50 | Link to Comment Snakeeyes
Snakeeyes's picture

Geithner and anyone associated with HAMP, HARP, etc should be investigated.

Look at commercial RE prices in US versus residential. Which one had gov't "support?"

http://confoundedinterest.wordpress.com/2012/07/26/commercial-real-estate-recovering-faster-than-residential-without-hamp-harp-and-other-administration-programs/

Thu, 07/26/2012 - 16:59 | Link to Comment Burticus
Burticus's picture

As Gerald Celente said, there is no justice anymore, only criminal treatment for "just us."

Favored elite insiders rob trillions of FeRNs from billions of people for years and get a free pass or at worst pay the gubmint (not victims) a civil fine of .1% of their plunder.

Your average schmuck citizen who is even suspected of a minor infraction gets immediately assaulted, kidnapped and/or robbed (or murdered for resisting) by heavily-armed storm troopers in black body armor.

Welcome to the new 'murka, home of the slave.  Bushbama + Obamney = No Change.  Looks like our choices are limited to steel/lead/rope or voting with our feet.

Thu, 07/26/2012 - 17:10 | Link to Comment mendolover
mendolover's picture

Nice dream if it could happen without waking up to one of those 'ah shit it was only a dream' mornings.  Back when I was a very naive Limbaugh listener, he always spouted on how smart the American people are.  I never believed it for a second.  Since I'm dreaming, maybe we could appoint Judge Judy as a special prosecutor!  And Gerald Celente as baillif!  haha  Then I might have a little hope for some results.

 

Thu, 07/26/2012 - 17:13 | Link to Comment 2discern
2discern's picture

Why can't there be accountability in finance? government? elections? Maybe we think to small as citizens...

Thu, 07/26/2012 - 17:30 | Link to Comment Remington IV
Remington IV's picture

giving a machine gun to a monkey

Thu, 07/26/2012 - 17:56 | Link to Comment JohnnyBriefcase
JohnnyBriefcase's picture

Hmm.

Thu, 07/26/2012 - 18:16 | Link to Comment BlackholeDivestment
BlackholeDivestment's picture

...eh, Timmay should be dead, but, it's a; Gay Pride DOD, a Lawless Department of Justice and a ''We don't pay our whores'' SS world of SEC Porno for Pyros. Kinda makes yuh hungry for Yardbird, Bwak Bwak Bwak. I'll have fries with that Tu Tu, Desmond. http://www.youtube.com/watch?v=L4DdAs0PddQ

Thu, 07/26/2012 - 18:44 | Link to Comment Heroic Couplet
Heroic Couplet's picture

Just someone talking about handcuffs makes it all sound like a rigged game, sorta like Bernanke endorsing video games for people who are unemployed. Talking about it is going to work until someone takes a good look at the wonderful essay on Jesses' website and changes behavior.

Thu, 07/26/2012 - 18:44 | Link to Comment Heroic Couplet
Heroic Couplet's picture

Just someone talking about handcuffs makes it all sound like a rigged game, sorta like Bernanke endorsing video games for people who are unemployed. Talking about it is going to work until someone takes a good look at the wonderful essay on Jesses' website and changes behavior.

Thu, 07/26/2012 - 21:14 | Link to Comment JustACitizen
JustACitizen's picture

I don't know - I am kind of looking forward to the future days in which politicians like Barack Obama/Mitt Romney tell us (the sheep) that we need to "trust" in order for the economy to move forward...the irony will be delicious - of course that may be all that is for dinner too...

Also - who the hell names these people?

Thu, 07/26/2012 - 22:27 | Link to Comment xxxkrogoth
xxxkrogoth's picture

Timmy seems to be squirming quite a bit lately with his foul mouthed defending of himself. I think he feels the tires of the bus coming he is about to be thrown under. But in this clearly upside down world of finance we live in today with hardly anyone brought to justice I would not be surprised he gets the mandatory minimum of punishment in financial justice.  That is forced resignation or retirement with money intact and probably cushy speaking deals for the rest of his life. Or horror upon horror a return to the private sector! 

Fri, 07/27/2012 - 00:17 | Link to Comment toomanyfakecons...
toomanyfakeconservatives's picture

After the MASS ARRESTS take place, chains and an orange jumpsuit are the only thing this pipsqueak have coming (see below).

Fri, 07/27/2012 - 00:14 | Link to Comment Wave-Tech
Fri, 07/27/2012 - 00:34 | Link to Comment toncuz
toncuz's picture

Obama's big mistake? Being dumb enough to believe bringing conservatives like Geithner and Summers into his administration would make things like "reform" easier to pass. Until the "conservatives" are thrown out of Congress...until the philosophers...the Heritage Foundation, Cato and American Enterprise are shut down...we will always have the voices of corporate fascism with us bamboozling the nation.

They've convinced the dumbest voters on earth that the rich create the jobs, deregulation helps the economy and that self-regulation works because right-wing corporate central planners have your best interest at heart. Other than that...this "buy gold" fear-mongering site should call for the jailing of conservative bribe takers...since the progressives have not had a majority in Congress for 25 years. Until that happens, it's just talk with no real solutions.

Do NOT follow this link or you will be banned from the site!