Tim Geithner's Legacy of Shame
He belongs in prison for high crimes.
by Stephen Lendman
From January 26, 2009 - January 25, 2013, he was Obama's Treasury Secretary. He and Fed chairman Bernanke engineered crisis conditions.
Bankers profited hugely. They still do. Ordinary people were scammed. Geithner's gone. His legacy speaks for itself. His background showed what to expect. He spent three years at Kissinger Associates.
From 1988 - 2002, he held various Treasury posts. He left to become Council on Foreign Relations international economics department senior fellow.
From 2001 - 2003, he was IMF Policy Development and Review director. He left to become New York Fed president.
He partnered with Treasury Secretary Hank Paulson and Bernanke. They planned the grandest of grand thefts. They implemented banker bailouts.
They looted the federal treasury. They stuck taxpayers with the bill. They debased the currency. They transformed America into an unprecedented money making racket.
As New York Federal Reserve Bank president/vice chairman of the Fed Open Market Committee (FOMC), Geithner helped engineer crisis conditions.
As Treasury Secretary, he exacerbated them. He turned them into a protracted mainstream depression.
In November 2008, Michel Chossudovsky asked "Who are the Architects of Economic Collapse?"
The "financial meltdown (wasn't) the result of a cyclical economic phenomenon." It was willful government policy. It was implemented "through the Treasury and the US Federal Reserve Board."
It was and remains "the most serious economic crisis in World history." Banker bailouts exacerbated crisis conditions. They "trigger(ed) an unprecedented concentration of wealth."