Treasury Secretary Geithner Says New Financial Crisis Coming, But We Won’t Know When Until It Happens

| May 19, 2011

All we can say is speak for yourself big guy…..the average American was led over a cliff by the Big Banks (too big to fail), the Federal Reserve and the U.S. Government which was chasing growth at any cost.  And they still are!     Geithner, in early 2009 succeeded Paulson as treasury secretary.   Geithner:  In […]

Geithner Predicts Double-Dip If Congress Fails To Lift Debt Ceiling

| May 14, 2011

Geithner said in a letter dated May 13,2011 to Sen. Michael Bennet, D-Colo…..“A default on Treasury debt could lead to concerns about the solvency of the investment and financial institutions that hold Treasury securities in their portfolios, which could cause a run on money market mutual funds and the broader financial system,” . The Fed is trying […]

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