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Tim Geithner's Legacy of Shame

By       Message Stephen Lendman     Permalink
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Trillions were stolen. From $9 to $14 trillion is known. Estimates range to multiples that amount. Corrupt bureaucrats and crooked bankers alone know how much.

Five major ones matter most: JP Morgan Chase, Bank of America, Citibank, Goldman Sachs and Wells Fargo. They reflect more than too big to fail. What they say goes. They occupy Washington. They run America. They dictate policy.

Geithner and Bernanke are crime bosses. They're complicit in grand theft. They abandoned Main Street for Wall Street. They know where the bodies are buried. They know the harm they caused.

Bankers got bailouts. Ordinary people were lied to and scammed. Geithner and Bernanke exceeded the worst of Bush administration policies. Too big to fail became a license to steal.

They serve Wall Street giants. They engineering a financial coup d'etat. They created a fraudulent housing and debt bubble. They illegally shifted vast amounts of capital offshore.

Privatization became piracy. It was used is as pretext to shift government assets to private investors. They did so at below-market prices. 

At the same time, they moved private liabilities to government. They did it at no cost to private interests.

They're waging war on middle America. They want social societies destroyed. They want banana republics replacing them. Labor is earmarked for destruction. Totalitarian neoliberal rule is planned.

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I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

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