Tuesday, July 31, 2012

Taibbi, Spitzer: Libor has been Rigged for Decades, Geithner is a Disaster, Sandy Weil's Pathetic About-Face

Two members of the Front Line demonstrate remarkable calm while discussing Geithner and Weil:

  • Libor has been rigged since early 90's at least.
  • Geithner says he didn't inform the Department of Justice because "it was in the press." They could have picked up the newspaper. 
  • Geithner is supposed to be defending the industry and the public, not the criminals.
  • Choosing Geithner will go down in history as one of Obama's great mistakes
  • On Sandy Weil: His reversal on giant banking behemoths is akin to Galileo deciding after all that the earth is at the center of the universe.
  • Everyone in the world is now saying TBTF has got to go (Romney and Obama excluded).

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CWF