Geithner Says No New Cash Is Needed for Bank Bailouts

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I'm after accountability. The CEO's and CFO's who committed acts of fraud need to be investigated and prosecuted. If government officials turned a blind eye, or supported the deregulation S-900 that enabled all of this corruption to happen, then they should be investigated and prosecuted.
Obama, Geithner and Summers need to follow the Prompt Corrective Action Law. The citizens of this county need the truth of what really happened. A Pecora Investigation would answer several unanswered questions and aid in the restoration of the publics trust.
In addition, any lobbyist or K-Street firm that participated in the watering down of the Georgia Fair Lending Act (GFLA) should be banned from lobbying any level of federal, state or local governments.
Until the people get the truth, individual investors should pull their money out of Wall Street and national banks.
Thank you Bill Moyers Journal (William K. Black) and Dan Rather Reports (Dirty Money Down South) for bringing us objective truth based news.

Steven Thompson of WA 4:47PM April 21, 2009

I have no idea how Geithner is even remotely considered competent. I have no idea how he graduated from college. He cannot reason nor can he explain. He seems an acolyte of somebody else.
His reasoning, if it can be called reasoning, is absolutely moronic. It is clear that there are buyers for assets toxic or non toxic. For most bank owned homes, or homes with mortgage delinquencies, The asking price is ridiculous. A 500K home on the books will most likely sell for $250K today. Almost certainly will sell for $200K and will sell for $100K. The banks just want someone to pay a price ABOVE what a market buyer is willing to pay. i.e. The banks want to be subsidized by taxpayers for selling the house at market.
These bankers and Geithner, Larry Summers and the banking CEOs and all executives need to be shipped to Cuba and Venezuela, where they are protected by the government. Let's see how they like it.
Obama is a disaster now as he is staying above the fray and depending on charlatans speaking a language he does not comprehend or understand. He cannot say he does not understand. There are far smarter people in the US. They are neither lawyers or economists or MBAs. The are engineers, mathematicians, physicists and psychologists and many others. But these self-interested arrogant morons hired by Obama is a disgrace.

Joe of CA 4:40PM April 21, 2009