Nick Anderson by Nick Anderson

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  1. danielsangeo

    danielsangeo said, 8 months ago

    Of course, Republicans and too many Democrats will say that the hacksaw is too large.

  2. deadheadzan

    deadheadzanGenius_badge said, 8 months ago

    daniel, you’ve got that right.

  3. WillBerry

    WillBerry said, 8 months ago

    Nah - As an Independent I would have put a pocketknife in Geithner’s hands, because he wouldn’t know HOW to USE a hacksaw! - The man who helped popularize Mortgage-Backed Derivatives now having to clean up the mess he created?!?!?! And note, he says he knew nothing about the $420 in AIG bonuses (165/230 is ONLY the Derivatives group), when HE APPROVED of them back in early November as the NY Fed Chief!

  4. danielsangeo

    danielsangeo said, 8 months ago

    WillBerry: You’re trying to have it both ways.

    The bonuses were offered by AIG. If Geithner had blocked them, he would’ve been called a socialist for trying to insinuate the government into private industry. If Geithner allowed them to go through as contracted, he “created the mess”.

    No dice, Will. It doesn’t work that way.

    As for the mortgage-backed derivatives, talk with Phil Gramm about the Glass-Steagall Act of 1933, the Depository Institutions Deregulation and Monetary Control Act of 1980, and the Gramm-Leach-Bliley Financial Services Modernization Act of 1999.

    Then go ahead and get back to me.