Bill Black calls out Turbo Timmy Geithner
derryb
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Geithner’s Single Most Revealing Sentence
"He failed each of the three real “stress tests” that confronted him. Had he passed either of the first two tests we could have avoided the financial crisis. Had he passed the third test at least the fraudulent elite bank CEOs would have been imprisoned and their fraudulent proceeds confiscated so that it was clear that crime did not pay."
Note that Dr. Black is a highly respected financial fraud expert who was instrumental in the investigation and prosecution of many, many 1998 Long Term Capital Management criminals. Black is the go to guy on the topic of financial fraudsters.
"He failed each of the three real “stress tests” that confronted him. Had he passed either of the first two tests we could have avoided the financial crisis. Had he passed the third test at least the fraudulent elite bank CEOs would have been imprisoned and their fraudulent proceeds confiscated so that it was clear that crime did not pay."
Note that Dr. Black is a highly respected financial fraud expert who was instrumental in the investigation and prosecution of many, many 1998 Long Term Capital Management criminals. Black is the go to guy on the topic of financial fraudsters.
"Who needs risk management when you’ve got guaranteed bailouts? - Jesse Felder
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"Who needs risk management when you’ve got guaranteed bailouts? - Jesse Felder
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