General Discussion

magical thyme

(14,881 posts)

35. recent PBS special said that Summers wanted to go after at least one

Wed Jul 11, 2012, 11:58 AM

Jul 2012

as an example to the others, and completely re-do our financial system. Biggest potential return but biggest downside risk.

Geithner wanted to protect them all and tinker with the financial system. Geithner promised best return with least downside risk.

It was Summers versus Geithner. Obama went with Geithner, for least downside risk.

Furthermore, Obama's famous line, "I'm the only one standing between you and the pitchforks" was immediately followed by Obama backing down. The banksters were prepared for cramdown back then, and were enormously relieved when Obama chose to give them more rope.]

Hopefully they'll start hanging some sooner rather than later. I can understand the choice of least downside risk, to protect potential 2nd term and also protect the US from unmitigated disaster that would make Iraq war look like pick up sticks.

But he's got to start hanging them, and sooner rather than later. This term, not hoping for another shot at it. That's why they're all in for Rmoney. They know they dissed Obama and they know that he won't give them a second chance.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

61 replies

= new reply since forum marked as read

Highlight:

As Evidence Mounts, DC Insiders Worry About Holder's Inaction On Wall Street Crime [View all] Teamster Jeff Jul 2012 OP

it's not crime if the amount is over $1 million lol. steal twinkies on the other hand...nt msongs Jul 2012 #1

Many a truth said in jest. closeupready Jul 2012 #50

Du rec. Nt xchrom Jul 2012 #2

Its one of two things. HooptieWagon Jul 2012 #3

I'll go with #2. n/t Egalitarian Thug Jul 2012 #44

I haz an unsupported suspicion. moondust Jul 2012 #4

Maybe we need a new requirement for running for any Federal Office 99th_Monkey Jul 2012 #17

Ha. moondust Jul 2012 #18

I am convinced that every Democrat elected to the Presidency hifiguy Jul 2012 #33

Then he's compromised Le Taz Hot Jul 2012 #58

Holder is auditioning for his next corporate job with the super-rich. AnotherMcIntosh Jul 2012 #5

How could he find the time, with all the MMJ dispensaries to shut down? Vincardog Jul 2012 #41

What do they have against state-approved MMJ dispensaries? AnotherMcIntosh Jul 2012 #42

They deprive the FOR PROFIT Prison industry its fodder Vincardog Jul 2012 #43

I think that you're right. AnotherMcIntosh Jul 2012 #45

And the medical industry. Egalitarian Thug Jul 2012 #46

Swiss Bank Wegelin Indicted on U.S. Tax Charges Kolesar Jul 2012 #6

On the other hand.. Fumesucker Jul 2012 #7

Shit, even Bush did more. RagAss Jul 2012 #8

+1. nt riderinthestorm Jul 2012 #11

+2 AnotherMcIntosh Jul 2012 #47

Did this ever occur to us? meow2u3 Jul 2012 #9

clearly those resorces were set aside to deal with the medical marijuana scourge frylock Jul 2012 #20

I hope he's focused on the possibly illegal Republican effort to disenfranchise voters across the Honeycombe8 Jul 2012 #10

I see blurbs buried in the papers all the time about Solomon Jul 2012 #12

Big-time banksters are being prosecuted? And being prosecuted all the time? AnotherMcIntosh Jul 2012 #14

I'm sorry, but no Administration w/ Summers & Geithner IN it 99th_Monkey Jul 2012 #13

which is EXACTLY why they are there Skittles Jul 2012 #16

+1 -nt CrispyQ Jul 2012 #27

recent PBS special said that Summers wanted to go after at least one magical thyme Jul 2012 #35

'followed by Obama backing down' -He is a dive taker. Huey P. Long Jul 2012 #36

This message was self-deleted by its author AynRandCollectedSS Jul 2012 #15

Anybody on this thread who thinks ANYTHING is being done truth2power Jul 2012 #19

What is going is is that the class war is over and we lost. wilsonbooks Jul 2012 #21

George Carlin was 100% correct. -eom Huey P. Long Jul 2012 #39

Issue Challenge To American Regulators Over LIBOR Scandal Huey P. Long Jul 2012 #22

too bad not one soul would speak 'on the record' spanone Jul 2012 #23

The British are getting tough? Oilwellian Jul 2012 #24

Not even, apparently. No, they RULE and give orders here. -eom Huey P. Long Jul 2012 #38

Rate Scandal Stirs Scramble for Damages Huey P. Long Jul 2012 #25

Right throw Obama and Democrats out because we know Romney's Bandit Jul 2012 #26

I understand your frustration, Bandit. Of course, no one on DU believes that Romney truth2power Jul 2012 #37

"I constantly have to self-censor what I write here". Egalitarian Thug Jul 2012 #53

I've always said F&F was the wrong reason to hold Holder in contempt tularetom Jul 2012 #28

You're right on all points except one. He and his boss may be out of their jobs in November, AnotherMcIntosh Jul 2012 #49

infographic- Huey P. Long Jul 2012 #29

Huey,this is an excellent graphic. Do you know of any way to print it? I've tried several different truth2power Jul 2012 #40

And as per usual... 99Forever Jul 2012 #30

Might be the worst AG ever Doctor_J Jul 2012 #31

Complicity. Intentional. -eom Huey P. Long Jul 2012 #32

He is bought and paid for. hifiguy Jul 2012 #34

Am I on DU??? I keep getting so confused lately.. n/t progressivebydesign Jul 2012 #48

What, we're not supposed to discuss it? Quantess Jul 2012 #51

The call of the authoritarian. Go team, YAY! n/t Egalitarian Thug Jul 2012 #52

What does that even mean? Quantess Jul 2012 #54

That we are innundated with fools who view this as nothing but a spectator sport. Egalitarian Thug Jul 2012 #56

Thanks for the clarification. I agree. Quantess Jul 2012 #60

Perfect example, thanks. n/t Egalitarian Thug Jul 2012 #61

Kick! senseandsensibility Jul 2012 #55

latest- Huey P. Long Jul 2012 #57

Headline in your second link: "US Banks Sweat LIBOR Scandal Spanking". That's what it'll amount to.. truth2power Jul 2012 #59