Geithner Admitted Administration Sacrificed Homeowners to ''Foam the Runway'' for Banks

[KT2000]

46. How money works and how power works

We propped up banks and other financial institutions on an international level. I would love to see a detailed analysis of the risk posed by the failing financial institutions and work from there.

There were certainly devastating consequences to allowing them to fail but there is also a power play at work here. Every administration can and will likely be blackmailed by the financial sector into having its will done - or else.
Currently the very same institutions that sold out our economy and the millions who lost their homes and livelihoods, are buying up the very homes that failed, only to rent them out and bundle the rental contracts into "financial instruments" to be sold again.

First of all there should have been truth from our government. This was not normal banking and bad loans that went bankrupt, this was in many cases fraud. The program to assist homeowners with loan modifications was bogus when left in the hands of the same banks that were bailed out.

There should have been penalties for those who caused this - but there has not been. That is how the power works. That two administrations were cowed into deciding the banks' scenario of either or has set us up for the future - they are our overlords.