Obama and Geithner Are Bigger Scammers than Madoff

If the goal of Tim Geithner and other regulators was “to rip off the American taxpayer for the benefit of the least-deserving wealthiest people you can imagine, well – mission accomplished,” Black says. While much of the focus is on the stress tests and banks’ efforts to raise cash, the real story is Geithner’s Public-Private Investment Program (PPIP), says William Black, an Associate Professor of Economics and Law at the University of Missouri – Kansas City.The PPIP is the “greatest boondoggle in the history of the world,” says Black, a former bank regulator who was counsel to the Federal Home Loan Bank Board during the S&L crisis. As occurred during the S&L era, Black says the PPIP will allow banks to exchange “trash for cash” and turn “real losses into faulty gains.”

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They Said It Could Not Be Done

They Said It Could Not Be Done

A Poem by Benny Hill

They said that it could not be done, he said just let me try.
They said, “Other men have tried and failed,” and he answered, “But not I.”
They said, “It is impossible,” he said, “There is no such word.”
He closed his mind, he closed his heart to everything he heard. Continue reading