General Discussion

Octafish

(55,745 posts)

5. Tim Geithner sacrificed homeowners to “foam the runway” for the banks

Tue Oct 7, 2014, 09:45 AM

Oct 2014

Neil Barofsky, the former special inspector general for the Troubled Asset Relief Program, has published a new book, “Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street.” It presents a damning indictment of the Obama administration’s execution of the TARP program generally, and of HAMP in particular.
…
By delaying millions of foreclosures, HAMP gave bailed-out banks more time to absorb housing-related losses while other parts of Obama’s bailout plan repaired holes in the banks’ balance sheets. According to Barofsky, Treasury Secretary Tim Geithner even had a term for it. HAMP borrowers would “foam the runway” for the distressed banks looking for a safe landing. It is nice to know what Geithner really thinks of those Americans who were busy losing their homes in hard times.

CONTINUED w VIDEO and links and more letters...

http://washingtonexaminer.com/video-geithner-sacrificed-homeowners-to-foam-the-runway-for-the-banks/article/2502982

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Too Big to Jail? Obama at the top of bankster fraud. [View all] L0oniX Oct 2014 OP

. MohRokTah Oct 2014 #1

Tim Geithner sacrificed homeowners to “foam the runway” for the banks Octafish Oct 2014 #5

good stuff, thanks nt navarth Oct 2014 #13

I Agree 100% billhicks76 Oct 2014 #181

I'd perfer this article since it outlines the timeline that the Democrats pushed through TARP Historic NY Oct 2014 #23

+1 L0oniX Oct 2014 #24

Octa.....my memory is that McCain and one of the bushes was involved with Keating fraud... dixiegrrrrl Oct 2014 #158

Poppy, Jebthro, Smirko, CIA and cronies got a BIG piece of the S&L action. Octafish Oct 2014 #164

It's time for McCain to go....as far away as possible. n/t dixiegrrrrl Oct 2014 #175

Seriously. He is already brain dead. littlemissmartypants Oct 2014 #192

4 of the Keating 5 were Democrats. McInsane was the only repuke. L0oniX Oct 2014 #171

The S&L Corruption is Buy Partisan Octafish Oct 2014 #249

+1 L0oniX Oct 2014 #286

I knew I had a group picture of us somewhere... MrMickeysMom Oct 2014 #168

To the person who responded to me, I have you on ignore. MohRokTah Oct 2014 #7

No one cares who you have on ignore. /nt Marr Oct 2014 #27

Oh, aren't you special? 99Forever Oct 2014 #32

+1 L0oniX Oct 2014 #127

Ignore? LOL L0oniX Oct 2014 #55

That goes to the exact point of the OP. This White House -- all of them -- "have us on ignore" villager Oct 2014 #58

That's the bottom line. The picture gets ballyhoo Oct 2014 #69

^^^^^ This is the correct answer. ^^^^^^ woo me with science Oct 2014 #109

+1! "have us on ignore" Precisely. Enthusiast Oct 2014 #122

you are right about that. we have no representation except for the rare case where the whereisjustice Oct 2014 #139

Our minders are *slowly* realizing there's some overlap with "climate change" now villager Oct 2014 #179

The alert on your post alcibiades_mystery Oct 2014 #116

Well god forbid we hurl pejoratives at each other davidpdx Oct 2014 #191

I am totally empressed by the use of such an littlemissmartypants Oct 2014 #193

It wasn't me, it was the alerter davidpdx Oct 2014 #195

Wow! Le Taz Hot Oct 2014 #120

Which post are you talking about? Was it me? JDPriestly Oct 2014 #142

No, I haven't gotten around to putting you on ignore yet. eom MohRokTah Oct 2014 #145

ROFL alcibiades_mystery Oct 2014 #209

... SammyWinstonJack Oct 2014 #153

Post removed Post removed Oct 2014 #183

Nobody gives a shit who you have on ignore, especially the poster you're addressing. nt ChisolmTrailDem Oct 2014 #219

Lovely response Jackpine Radical Oct 2014 #8

Posting a picture that's all over wingnut and Libertarian sites? MohRokTah Oct 2014 #10

How would you know? You must go to those sites. nt valerief Oct 2014 #29

Lol, me neither, I wouldn't have a clue what is 'all over right wing sites'. sabrina 1 Oct 2014 #96

All you have to do is a Google image search Mnpaul Oct 2014 #150

heh. SammyWinstonJack Oct 2014 #155

Good. See what they are doing and see who is bringing it here. treestar Oct 2014 #205

You must visit those sites frequently to make City Lights Oct 2014 #35

He doesn't have them on ignore Generic Other Oct 2014 #132

HAHA! exactly. nt laundry_queen Oct 2014 #147

LMFAO L0oniX Oct 2014 #172

Thank you. nt littlemissmartypants Oct 2014 #194

He makes a big scene about how he has Octafish on ignore but he somehow knows ChisolmTrailDem Oct 2014 #221

Well it's telling more when people cannot bear to look at what the opposition says treestar Oct 2014 #206

Everybody already knows what to expect from those other sites. So, you go there too? nt ChisolmTrailDem Oct 2014 #222

How would you know what is there if you never look at them? treestar Oct 2014 #231

I don't go to any of them, ever. I see enough right-wing crap right here on DU. nt ChisolmTrailDem Oct 2014 #233

Soooo true. zappaman Oct 2014 #234

So, you read my appeal to GOTV as hope that we will lose? I am not at all surprised considering.... ChisolmTrailDem Oct 2014 #238

Your "appeal to GOTV"? zappaman Oct 2014 #240

You believe me to be the carcass of a long-gone DUer... ChisolmTrailDem Oct 2014 #243

"You believe me to be the carcass of a long-gone DUer..." zappaman Oct 2014 #244

You better believe it! And I don't happen to have my zappaman file with me. Now... ChisolmTrailDem Oct 2014 #245

Maybe it's in one of your self deleted posts... zappaman Oct 2014 #247

So, you said something about me being a banned DUer in one of my deleted posts? ChisolmTrailDem Oct 2014 #248

nope. zappaman Oct 2014 #250

You're the one who is confused, zappy. You asked if your accusation was in one of my ChisolmTrailDem Oct 2014 #252

You gonna self delete, bro? n/t zappaman Oct 2014 #254

You're a stalker. Get away from me. nt ChisolmTrailDem Oct 2014 #257

Irony. zappaman Oct 2014 #258

GET THE FUCKING GODDAMNED FUCK AWAY FROM ME ZAPPAMAN! ChisolmTrailDem Oct 2014 #259

Love you too! zappaman Oct 2014 #260

STOP STALKING ME, BRO! ChisolmTrailDem Oct 2014 #261

Friends. zappaman Oct 2014 #263

LEAVE ME ALONE, ZAPPAMAN! ChisolmTrailDem Oct 2014 #264

You want to keep engaging in conversation, bro. zappaman Oct 2014 #265

STOP STALKING ME, BRO! ChisolmTrailDem Oct 2014 #266

Sending love and positive vibrations your way, bro. zappaman Oct 2014 #267

STOP STALKING ME, BRO! ChisolmTrailDem Oct 2014 #268

Have a great day! zappaman Oct 2014 #269

STOP STALKING ME, BRO! ChisolmTrailDem Oct 2014 #270

You ok? zappaman Oct 2014 #271

Don't fucking touch me, and stop stalking me. nt ChisolmTrailDem Oct 2014 #272

Touch you? zappaman Oct 2014 #273

I don't want a hug from you. I want you to stop stalking me. ChisolmTrailDem Oct 2014 #274

I think you may be confused by the internet. zappaman Oct 2014 #275

DUDE! I make my living on the Internet. So, you fail again. Now... ChisolmTrailDem Oct 2014 #276

Well in that case... zappaman Oct 2014 #277

Wowzers! Rex Oct 2014 #279

He just needs a hug. zappaman Oct 2014 #281

VR hugs fella. Rex Oct 2014 #282

You mean like putting people on ignore and bragging about it? Marr Oct 2014 #224

I don't put anyone on ignore eom treestar Oct 2014 #232

I was referring to the person you're defending. /nt Marr Oct 2014 #236

And you know this...how? blackspade Oct 2014 #37

. Rex Oct 2014 #51

...because you visit those sites regularly? L0oniX Oct 2014 #54

This subthread did not go as you expected LondonReign2 Oct 2014 #78

Point of order... Bobbie Jo Oct 2014 #126

Hmmm… so THIS is where you spend your time! MrMickeysMom Oct 2014 #169

How do you know? Never mind. nm rhett o rick Oct 2014 #184

How the fuck do you know what's on those sites? Just visiting here? nt ChisolmTrailDem Oct 2014 #220

Irony. zappaman Oct 2014 #251

Still stalking me, eh? Give me a minute. I'm going to list all the posts you've ChisolmTrailDem Oct 2014 #253

Take your time. n/t zappaman Oct 2014 #255

STOP STALKING ME, BRO! ChisolmTrailDem Oct 2014 #262

Being close minded has it's drawbacks. Did you view the video? NO! L0oniX Oct 2014 #17

"Nothing in the world is more dangerous Ichingcarpenter Oct 2014 #50

+ a billion L0oniX Oct 2014 #53

+10000000 woo me with science Oct 2014 #108

+1 And boy do we have a lot of that on display. nt raouldukelives Oct 2014 #216

Another reason I regret voting for him in 2008. NT clg311 Oct 2014 #2

Awwww.... SidDithers Oct 2014 #4

So given a second chance sarisataka Oct 2014 #11

I'd hardly call McCain/Palin a second chance. It's a good cop bad cop show. L0oniX Oct 2014 #14

Wow... chervilant Oct 2014 #44

"When will we stop hearing this canard? ".. when "we" stop avoiding the question? tia uponit7771 Oct 2014 #72

Ok I'll not avoid the question... SomethingFishy Oct 2014 #91

Yeppers. chervilant Oct 2014 #97

And that administration wouldn't have prosecuted the banksters either........ SammyWinstonJack Oct 2014 #159

It's was a burger A or burger B choice anyway. L0oniX Oct 2014 #18

Not really. Besides, the USSC is too important to allow any Republican president tblue37 Oct 2014 #26

First you have to trust that a Dem POTUS will place a SCJ that is for the real people. L0oniX Oct 2014 #28

Sotomayor and Kagan are better by far than the RWers on the USSC right now. And tblue37 Oct 2014 #41

And that's a fact emulatorloo Oct 2014 #283

Don't worry ... 1StrongBlackMan Oct 2014 #30

Good one, 1SBM! BlueCaliDem Oct 2014 #64

No one ever has to vote for anyone. We supported this president because we thought sabrina 1 Oct 2014 #99

PLUS ONE, a huge bunch! Enthusiast Oct 2014 #123

Right On Thespian2 Oct 2014 #146

Bingo. nt laundry_queen Oct 2014 #148

Nailed It Teamster Jeff Oct 2014 #278

I don't regret my vote... blackspade Oct 2014 #38

The wider, more accurate, picture is, was, and probably will be ... 1StrongBlackMan Oct 2014 #71

I think that is a fair statement LondonReign2 Oct 2014 #76

Okay ... 1StrongBlackMan Oct 2014 #84

President Obama also promoted Chained CPI. Enthusiast Oct 2014 #124

No ... 1StrongBlackMan Oct 2014 #125

I'll give you that. blackspade Oct 2014 #80

Sincere Question ... 1StrongBlackMan Oct 2014 #85

If we could agree on your statement as a party, or even DU, we could have actual discussion BrotherIvan Oct 2014 #106

LOL ... 1StrongBlackMan Oct 2014 #110

I believe that poverty is a social issue BrotherIvan Oct 2014 #137

He has ... 1StrongBlackMan Oct 2014 #163

At the end of the day... sendero Oct 2014 #149

Spoken like someone that has never been on the down side ... 1StrongBlackMan Oct 2014 #160

If you are living under a bridge.. sendero Oct 2014 #212

No. It's Not ... 1StrongBlackMan Oct 2014 #213

So your actual position.. sendero Oct 2014 #214

So your actual position ... 1StrongBlackMan Oct 2014 #218

This^ eom littlemissmartypants Oct 2014 #196

The ODS network doesn't want to know about the "70%" or how much good President Obama has done Cha Oct 2014 #157

Help!? littlemissmartypants Oct 2014 #197

In this context, Obama Derangement Syndrome n/t emulatorloo Oct 2014 #284

Excellent Response! Rockyj Oct 2014 #100

When, in the last 60 years ... 1StrongBlackMan Oct 2014 #134

Is it okay to be upset about that fact? stillwaiting Oct 2014 #208

Yes ... 1StrongBlackMan Oct 2014 #211

This is just a perfect response. Absolutely perfect!!! Liberal_Stalwart71 Oct 2014 #215

I don't know ... 1StrongBlackMan Oct 2014 #225

We've been down this road countless times, though, haven't we? It's pointless. Liberal_Stalwart71 Oct 2014 #294

Corporate owned socially progressive warmonger or Corporate owned batshit crazy winger <Sigh> eom Tommymac Oct 2014 #156

thanks for the vote! snooper2 Oct 2014 #223

Welcome to DU! zappaman Oct 2014 #242

William K. Black as Attorney General and every Bankster is behind bars. Octafish Oct 2014 #3

+1 Scuba Oct 2014 #6

Obama was probably hustled & overwhelmed...but, Holder knew what was going on.. KoKo Oct 2014 #19

Why they chose Obama over Clinton is a puzzle. L0oniX Oct 2014 #25

They wanted BLACK to take the blame for the crash instead of WHITE. nt valerief Oct 2014 #31

Breaking it down... littlemissmartypants Oct 2014 #199

Good Question... KoKo Oct 2014 #42

Clinton is a known corporatist and is also known for being a staunch war-hawk mrdmk Oct 2014 #56

"THEY" didn't choose President Obama over HRC ... 1StrongBlackMan Oct 2014 #79

WHY are you bothering??! Seriously! Number23 Oct 2014 #154

LOL ... 1StrongBlackMan Oct 2014 #161

It's like Scorpio talking about his battles with the mouth breathing cretins on Discussionist Number23 Oct 2014 #162

LOL ... 1StrongBlackMan Oct 2014 #165

Exactly, this is just anothe Obama hate fest thread which seems to appear all to frequently here still_one Oct 2014 #188

No Caretha Oct 2014 #128

+3 L0oniX Oct 2014 #21

+2 Hubert Flottz Oct 2014 #22

Having read the excerpted sections of the two must read documents ... 1StrongBlackMan Oct 2014 #88

Try this... Octafish Oct 2014 #112

Okay ... watched it ... 1StrongBlackMan Oct 2014 #117

You make a good point. No one has prosecuted the banksters. Octafish Oct 2014 #135

Perhaps you should watch the clip again ... 1StrongBlackMan Oct 2014 #178

Obama told the banks he was the only thing standing between them and our pitchforks. Autumn Oct 2014 #9

Thanks, L0onix navarth Oct 2014 #12

good god Sheepshank Oct 2014 #15

Recommend OP and Eugene Debs! KoKo Oct 2014 #16

I listened to Matt Taibbi on a late night radio show last week librechik Oct 2014 #20

+1 "...massive atrocity that is now permanent." KoKo Oct 2014 #43

+100000000 They retain the shell of the democratic government, woo me with science Oct 2014 #246

The U.S. is becoming one big gulag. nt valerief Oct 2014 #33

More like a herd of lemming serfs. L0oniX Oct 2014 #57

It is as was said the other day: "The new American Dream is to be a slave to a billionaire." n/t xocet Oct 2014 #189

K&R SamKnause Oct 2014 #34

And, there you have it. nc4bo Oct 2014 #36

So you'd rather John McCain had been elected? MaggieD Oct 2014 #39

electing McCain was not the only possible alternative. grasswire Oct 2014 #45

Tell me about it MaggieD Oct 2014 #61

Electing Obama effectively neutralized outrage and opposition RufusTFirefly Oct 2014 #52

Well how do you think you change that? MaggieD Oct 2014 #60

Not be repeatedly mischaracterizing it as a circular firing squad, that's for sure RufusTFirefly Oct 2014 #68

I disagree.... MaggieD Oct 2014 #81

This argument again? LondonReign2 Oct 2014 #77

I'm just commenting on the Debs quote MaggieD Oct 2014 #82

Frankly ... 1StrongBlackMan Oct 2014 #118

+1 MaggieD Oct 2014 #131

For some silly reason the line so you want McCain/ Palin just doesn't work anymore Autumn Oct 2014 #89

Then it would be advisable to drop the Debs quote MaggieD Oct 2014 #104

Ya think? Autumn Oct 2014 #136

I do think.... MaggieD Oct 2014 #140

Poor poor Ralph had just as much right to run for president Autumn Oct 2014 #144

I like parrots. L0oniX Oct 2014 #293

John MCCain couldn't have been elected. Romney was the republican nominee. Autumn Oct 2014 #87

The article is referencing back to the bank bailout - so 2008 MaggieD Oct 2014 #103

I think about how much better this country would be if... polichick Oct 2014 #107

The "lesser of evils" meme is so last year. The people eating at soup kitchens, getting a few days rhett o rick Oct 2014 #187

ben bernanke mopinko Oct 2014 #40

"Statute of Limitations" expired on much of it...and as memory fades KoKo Oct 2014 #47

This message was self-deleted by its author guyton Oct 2014 #70

+1 L0oniX Oct 2014 #49

Have known that for a long time, but thanks for ballyhoo Oct 2014 #46

http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=9&cad=rja&uact=8&ved=0CF4QFjAI&url=http stupidicus Oct 2014 #48

All I can say is ... 1StrongBlackMan Oct 2014 #59

Too big to play by the rules. Rex Oct 2014 #62

Yes, that's where we are now. Question is, what will "the people" do about it? polichick Oct 2014 #63

Well ...we can't all be banksters so I guess we are stuck with our pathetic votes. L0oniX Oct 2014 #173

Americans will have to use the ingenuity we're so known for. polichick Oct 2014 #230

K & R !!! WillyT Oct 2014 #65

K&R for William Black. JDPriestly Oct 2014 #66

That's the best interview I have ever seen regarding ballyhoo Oct 2014 #67

Yea ...it really hit home with me. L0oniX Oct 2014 #114

Well, good job again, as usual. I never in ballyhoo Oct 2014 #115

Anyone who voted for Obama in 2012 even when they really didn't like his policies after the first 4 years NYC Liberal Oct 2014 #73

Some people voted for him again in 2012 for one reason only, he wasn't romney. Autumn Oct 2014 #75

And that's how the two-party system stays alive. NYC Liberal Oct 2014 #90

We bought into that crap that if we don't vote for a D the republicans will win. Autumn Oct 2014 #95

I strongly supported Pres. Obama in 2012 and still do. NYC Liberal Oct 2014 #102

And a secret ballot. Whether we like it or not. nt littlemissmartypants Oct 2014 #200

There's a Senate seat race in Kansas where the Dem pulled out and an Independant is leading Electric Monk Oct 2014 #111

Yeah, duh we have to work with people who are closer to/more like us treestar Oct 2014 #203

Okay. Autumn Oct 2014 #217

Non-hypocrite checking in RufusTFirefly Oct 2014 #83

Good for you. I'm tired of people saying how much they hate the candidates NYC Liberal Oct 2014 #93

I berated Caretha Oct 2014 #138

Obama was picked AlbertCat Oct 2014 #74

Obama was picked (to be "elected") grasswire Oct 2014 #86

K$ R 99Forever Oct 2014 #92

So why don't you promote someone you admire instead of coming on a Democratic forum... randome Oct 2014 #94

Yeah, shut up! Freedom of speech is anti-American! polichick Oct 2014 #105

If the truth is too much for you maybe you should try Fox. L0oniX Oct 2014 #113

+1. And ironically ... 1StrongBlackMan Oct 2014 #119

Because it's all Bobbie Jo Oct 2014 #129

I posted this to another thread (or maybe this one) ... 1StrongBlackMan Oct 2014 #133

Wow, that is the full list, 1SBM. Wash, rinse, repeat to infinity, just as Segretti would. freshwest Oct 2014 #190

thanks elleng Oct 2014 #151

"Fore!" Unknown Beatle Oct 2014 #98

Thats Funny, sadly bahrbearian Oct 2014 #198

Debs: under the bus since 1918! MisterP Oct 2014 #101

And losing elections since 1904. eom. 1StrongBlackMan Oct 2014 #121

I think Obama was patching over the bad shit as best he could. hunter Oct 2014 #130

Martin Wolf, in his book Shifts and Shocks, PatrickforO Oct 2014 #141

should be a crime to evoke Eugene Debs for an election month hit job to convince dems not to vote certainot Oct 2014 #143

Bill Moyers does not work for me. Thanks for playing. L0oniX Oct 2014 #166

but you're using moyers certainot Oct 2014 #167

What you are trying to do is stop free speech. L0oniX Oct 2014 #170

oh, bullshit. while you link to the moyers vid you're just using it for certainot Oct 2014 #182

...because republicans are the only ones who fuck us over. Enjoy your delusion. L0oniX Oct 2014 #227

i'm well aware of what the corporate wing and blue dogs and liebermans are doing certainot Oct 2014 #235

If the truth suppresses the vote then that's just too bad. Do lies suppress or swing the vote? Yep! L0oniX Oct 2014 #289

the rush actions are a great start, but it's the only thing the last 25 years certainot Oct 2014 #295

Question INdemo Oct 2014 #287

IMO liberals and progressives embarrass the centrists so they lash out. They know they... L0oniX Oct 2014 #290

Eugene Debs didn't win either treestar Oct 2014 #201

Well we had to 'look forward' because McCain/Rmoney..........or something like that. SammyWinstonJack Oct 2014 #152

2009 called and wants its conspiracy theory back. nt ucrdem Oct 2014 #174

Sadly, inaction on bankster reform came from the top, the White House. Someone got paid back by blkmusclmachine Oct 2014 #176

Whenever "They" is invoked frazzled Oct 2014 #177

K&R ReRe Oct 2014 #180

"...The problem definitely comes from the top ..." ... slipslidingaway Oct 2014 #185

Drug lunches predate President Obama. nt littlemissmartypants Oct 2014 #204

No disagreement, nothing changed under Obama, but policy is still set from the top. n/t slipslidingaway Oct 2014 #285

Agreed. The top down approach, irksome for me. littlemissmartypants Oct 2014 #288

Top down has the financial backing ... slipslidingaway Oct 2014 #291

Shortly after the '08 election the score became clear. pa28 Oct 2014 #186

He'll likely get a prime spot at the Carlyle Group or Goldman-Sachs for his efforts n/t BuelahWitch Oct 2014 #239

It's been shown on the board many times that people have been prosecuted treestar Oct 2014 #202

This is why I suspect that his community organizing penchant is littlemissmartypants Oct 2014 #207

Hillary too would be financed by by bankers and the corporate world INdemo Oct 2014 #210

Party names don't have much meaning anymore. Liberal or conservative with a description... L0oniX Oct 2014 #229

I agree. I am one of those Democrats who is not ashamed to INdemo Oct 2014 #237

BREAKING NEWS: The Democratic Party is not the Socialist Party YoungDemCA Oct 2014 #226

BREAKING NEWS: NOTICE MY POST CAUSE I USE CAPS. L0oniX Oct 2014 #228

So if someone thinks that people should be held accountable for BuelahWitch Oct 2014 #241

That's not a reach, that's a pole vault to a whole other level. L0oniX Oct 2014 #292

Socialism for the Oh-So-Social. Octafish Oct 2014 #256

BREAKING NEWS: I HAVE CAPS LOCK TOO Capt. Obvious Oct 2014 #280