Skeptical of the Obama/Geithner Plan – Part II; It’s a Protection Racket

By: scipio62 (Diary)  |  March 25th at 08:21 AM  | 

Part I is here. Full disclosure; I am not an economist or an accountant, nor do I play those parts on TV. The opinions expressed below are mine and are based on observation and reading. As mentioned in Part I, Treasury Secretary “Tax Cheat” Geithner finally came up with more details on how the government plans to work out the mess in the financial and | Read More »

Skeptical of the Obama/Geithner Plan – Part I

By: scipio62 (Diary)  |  March 24th at 08:28 AM  | 

Full disclosure; I am not an economist or an accountant, nor do I play those parts on TV. The opinions expressed below are mine and are based on observation and reading. Treasury Secretary “Tax Cheat” Geithner finally unveiled his plan to get the credit and banking systems moving again by getting the federal government and private entities (backed by the federal government, including the Fed) | Read More »