U.S. TREASURY SECRETARY GEITHNER IS “DEAD MEAT”

July 16, 2012 By 6 Comments

Image: Evan Vucci: AP

Not only is Geithner ‘dead meat’ for his role in covering up and perpetuating LIBOR rate fixing (recall Geither held a meeting in 2008 with Fed officials to fix LIBOR), but Jamie Dimon and JP Morgan (along with BOA) are likely to be to be dragged into the scandal as well as it intensifies this side of the pond over the coming weeks.

As the LIBOR “Crime of the Century” is unfolding internationally, it will mean the end of the career, and possibly prison time, for Timothy Geithner, currently U.S. Treasury Secretary, and formerly President of the New York Federal Reserve branch. Lyndon LaRouche’s characterization of Geithner as “dead meat,” is not extreme, considering that former New York Governor Eliot Spitzer, in an interview, compared Geithner’s role in covering up LIBOR’s rigging of interest rates to the cover-up of the crimes of former football coach, and convicted serial child molester, Jerry Sandusky, by his employers at Pennsylvania State University!

Geithner’s role emerged during testimony by Barclay’s former CEO, Robert Diamond, before a British Parliamentary inquiry. Diamond revealed that Barclay’s had been in contact with the New York Federal Reserve branch, about the rigging of interest rates, when Geithner was its President. The NY Fed, which oversees Wall Street, has a special regulatory role, as a watchdog agency. Yet, a series of emails released, following Diamond’s testimony, shows that Fed officials – including Geithner – were not only aware that the LIBOR banks were rigging interest rates, and did nothing to stop it, but later rewarded those same banks, with trillions of dollars in bailout funds and credits.

Barclays alone received $868 billion in bailout loans, at no interest!
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Comments

  1. Avatar of 427 427 says:
    July 16, 2012 at 11:12 AM

    By by Timmy tax cheating sleaze bag!

  2. Avatar of jj83 jj83 says:
    July 16, 2012 at 11:12 AM

    Good ol Turbo Tax Timmy

     


  3. Avatar of Conax Conax says:
    July 16, 2012 at 12:12 PM

    While the financial media is breathless over manipulation of Libor rates, the Fed chairman has informed us again and again that in the absence of QE he has many tools at his disposal to control interest rates, markets and inflation. Manipulating oil, gold, silver and other commodities along with interest rates is the new status quo. The only way they can spend trillions and not slap a direct tax on us is to manipulate these things down, the stock market up, and lie about the money they are creating every day.
     
    If Turbo Tax Timmy (the official rubber stamp stooge) goes to jail, everybody goes to jail.
    So Timmy ain’t going there. He might get resigned and have to go back to GS, but I seriously doubt he’ll get locked up.  He’d sing like a canary to avoid jail.

  4. Avatar of 4 oz 4 oz says:
    July 16, 2012 at 12:53 PM
    Gonna be a lot more
    too!
  5. Avatar of PatFields PatFields says:
    July 16, 2012 at 1:25 PM

    I agree with Conax. Congress and this Administration are all but … hated … by the general population. That should have been blatantly obvious when some two million TEA Partiers flooded the streets of DC a few years ago. They can ‘dead-pan’ that event all they want to, but it was like a political bomb exploded over the Capitol.

    This Punch & Judy Puppet Show theatrics is all about wrenching the maximum extortion imaginable from Wall Street, because there is NO GRASS ROOTS under this government. Federal ‘election ‘ campaign money is probably close to nill, but it HAS to be raised SOMEHOW … from SOMEONE and so bankers all have giant targets painted on their backs!

    In fact, it wouldn’t surprise me if this is co-ordinated with european politicians, because they’re every bit as reviled over there too.

  6. Avatar of Just Observing Just Observing says:
    July 16, 2012 at 6:51 PM

    Baloney. 

    You’ll NEVER see any Treasury Secretary or high up bank official go to jail. 

    Never.   The insulation is just way too thick.

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