They Cooked The Books.... The Video That Will Put Geithner Behind Bars

Wow, looks like it is time for me to get the popcorn out and sit back and enjoy the dog and pony show that is surely coming.

Video



-Kdial1

[edit on 16-3-2010 by kdial1]

[edit on 16-3-2010 by kdial1]

reply to post by kdial1

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I am going to go out on a limb here and predict that absolutely nothing will come of this. I know it's crazy... but that's how I roll.

I think the evidence is becoming to large to ignore at this point. People are going to be coming forward to save their own behind. Either way, I think something will come of this.... They are not above the law and someone has to burn for it.

-Kdial1

reply to post by kdial1

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But they are above the law. Haven't they established that by now? Let's make a friendly wager. If anyone burns for this, I will put "kdial1 was right and I was wrong" as my signature. If nobody burns, well you don't have to do anything. But I will stand by it if you are correct.

I am just so jaded at this point that I can't even imagine a world where entities like this will be held accountable for anything whatsoever.

haha Sounds good

Well firstly the auditors will be destroyed and the fat c ats will get ushered out of the back door however a few directors will get fried. Th eproblem is that auditors and still being intimidated by clients.

Perhaps there is a need to have government auditors auditing the mega corporations. Theywould not be intimidated by anyone.

It is scary how quick these large companies are audited especially given the variety of operations or lines of sales are invoilved.

A s&f...for the popcorn notice! I nissed this in my perusal of the MSM.

This should be fun...at least to the point that the investigation gets bought off..

Count me in on the popcorn party. S&F.

Of all of the news organizations out there, isn't it strange that MSNBC is covering this? I thought they were buddy buddy with the banker heist perpetrators. Anyways, I tip my hat to this exposé.

Oh, I`m sure someone will burn, but not those who control it all. Just those scape goats who have been hand picked by those in charge will be put to the fire. I`m going to watch and see just how many people buy into the end game they are playing.

All I can say to this is wow. Now I understand how they hid the toxic assets. Very good easy to understand example.

It's sickening, the amount of money they stole. The fact that Fuld paid himself over 500 Million dollars in compensation in 15 years (knowing the company didn't have any money) is DISGUSTING.

Lock em all up.

Great thread, Thanks, threads like this should get a great deal more attention.

Does anyone believe that Lehman Brothers is the only company who has engaged in this scam?

This report sounds like damage control to me.

Chances are that all the big banks/investment firms were playing this game. The people loaning the money had to know that Lehman's financial reports were fraudulent, so why did they loan the money?

If Obama is going to accomplish anything as a President, he is going to have to do something about this. If he doesn't, then we need to get someone in the white house who will.

This makes Bernanke a prime target as well since he ran the NY fed during some of this period as well. My hope is that justice will be served and the government will take back the billions stolen by these firms and their CEO's. They should all rot in jail together.
I have a dream.........

You have to understand the government is the one that encouraged this to be covered up. They did this so the economy would not collapse.... Was this ok? This is up to the courts to decide, like I said either way someone is going to burn for it.

-Kdial1

I do not Believe it was just Lehman. This will go back to auditors because they knew this E&Y is going to be where everything is pointing right now.

-Kdial1

This just posted a few hours ago





-Kdial1

[edit on 16-3-2010 by kdial1]

It seems awfully convenient to blame a now-defunct company for all the ills of the world, doesn't it? "It's all the corpse's fault! No need to investigate the living!" What better way to deflect future scrutiny? "Well, remember, we've already looked into that issue and decided it's the dead companY's fault. Case closed."

Not saying this is what is going on for sure, but we must entertain the possibility.

If that doesn't, maybe his latest move in this article will at least boost public opinion towards that, since when do we tell China to do anything??


Senators back bill to pressure China on currency
By MARTIN CRUTSINGER (AP) – 38 minutes ago

WASHINGTON — A group of 14 U.S. senators unveiled legislation Tuesday that seeks to increase pressure on China to let its currency to rise in value against the dollar, saying Chinese "currency manipulation" is hurting the U.S. economy.

The bill calls for stiff trade sanctions if China does not act.

Treasury Secretary Timothy Geithner says the legislation is a sign of how strongly China's trading partners feel about the issue. In an interview on Fox Business Network, Geithner said that he believes Chinese officials "ultimately will decide it is in their interests to move."

Geithner declined to respond directly to a question of whether the Obama administration would support the bill backed by Sens. Charles Schumer, D-N.Y., Lindsey Graham, R-S.C., Debbie Stabenow, D-Mich., and 11 other senators.

"We are sending a message to the Chinese government," Schumer said in a statement. "If you refuse to play by the same rules as everyone else, we will force you to."

He said the issue is of critical importance at a time of high unemployment in the United States.

"There is no bigger step we can take to promote U.S. job creation, particularly in the manufacturing sector, than to confront China's currency manipulation," Schumer said.

American manufacturers contend that China's currency is undervalued by as much as 40 percent and is a big reason for the huge U.S. trade deficit with China, which totaled $226.8 billion, last year, the largest imbalance with any country.

A stronger yuan versus the dollar would make American products less expensive in China, while making Chinese goods more expensive for American consumers.

The Obama administration is hoping China will resume allowing its currency to rise in value against the dollar as a way of narrowing that gap. China allowed its currency to appreciate until mid-2008 when the global recession began to cut sharply into its exports.

The Senate bill marks the latest escalation in tensions between the two nations.

Chinese Premier Wen Jiabao on Sunday rejected American pressure on China to allow its currency to rise in value against the dollar, saying such efforts amounted to a kind of trade protectionism. His comments came after President Barack Obama in a trade speech last week said that China would make an "essential contribution" to rebalancing the global economy by moving to a more market-oriented currency regime.

On Monday, a group of 130 House members sent a letter to the administration urging the Treasury Department to cite China as a currency manipulator in a report that is scheduled to be released next month. The group also called on the Commerce Department to impose trade sanctions on China on the basis that its currency system is an unfair trade practice.

Asked about the upcoming currency report, which the administration is required to send Congress in mid-April, Geithner said it had not yet been decided whether to cite China as a currency manipulator.

Such a finding would trigger talks between the two nations with a threat of trade sanctions if the talks failed to resolve the issue. The Obama administration, following the lead of the Bush administration, has so far refused to cite China as a currency manipulator, believing that the more productive course would be to convince the Chinese that it is in their own interests to allow their currency to rise in value.

Geithner said he believes that China needs to realize its currency policy is "not just an issue between China and the United States, it's an issue for the world economy as a whole."

The issue is a complex one for the United States because China is the largest foreign holder of U.S. Treasury bonds. The United States must depend on foreign investors to keep purchasing those bonds at a time when it is running record federal budget deficits, including a $1.4 trillion imbalance last year.

Copyright © 2010 The Associated Press. All rights reserved.

How about this for a quote from Geithner....



WASHINGTON, March 16 (UPI) -- U.S. Treasury Secretary Tim Geithner said Tuesday job creation is "the most important thing we can do" for the economy and called financial reform "a just war."

WAR IS PEACE
FREEDOM IS SLAVERY
IGNORANCE IS STRENGTH

There are 2 types of people, count em ,2.

The Majority 99% , work hard , pay their bills, and hope they won't have
to move in with kids when they retire.

The other 1% , make up the rules, change the rules if needed, lie if necessary and have no idea of what "stressed out" means.

Geitner , will do one of the above 3 , with a smile.

He won't miss a Lunch over this.