Comments on: The “Geithner Put” http://dissidentvoice.org/2009/02/the-%e2%80%9cgeithner-put%e2%80%9d/ a radical newsletter in the struggle for peace and social justice Thu, 08 Dec 2011 15:07:30 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: rg the lg http://dissidentvoice.org/2009/02/the-%e2%80%9cgeithner-put%e2%80%9d/#comment-39684 rg the lg Fri, 27 Feb 2009 00:39:48 +0000 http://www.dissidentvoice.org/?p=6944#comment-39684 Nationalize? Nah. That puts the idiots we put into office in charge. Not a good idea. Most of them are in politics precisely because they are irredeemably unproductive ... and lying is about the only skill they have. So, let's use the talent ... rotten, corrupt, self-aggrandizing as it may be ... in the banking industry, in the automobile industry, in all of the corporations and NOT nationalize ... but rather ... ... are YOU ready for this? ... ... are YOU sure? ... BUST UP THE TRUSTS ... decorporatize, break GM down into the twenty or so companies they swallowed ... break CitiBank into a thousand smaller banks ... make Ford a single product car company with spin-offs on its other so-called models ... turn the Bank of America into something about the size of the local bank in a small American Town ... in other words ... ... well, use your imagination. And as far as corporation law is concerned ... let's do some reading and see just how things were before the American Civil War ... when states were actively opposed to large corporations. As silly as his religious bs was (the Dayton Monkey Trial being what he mostly remembered for), William Jennings Bryan was correct when he suggested that banking interests were screwing the masses of Americans ... Anyway, in cynicism and literacy, RG the LG Nationalize?

Nah. That puts the idiots we put into office in charge. Not a good idea. Most of them are in politics precisely because they are irredeemably unproductive … and lying is about the only skill they have.

So, let’s use the talent … rotten, corrupt, self-aggrandizing as it may be … in the banking industry, in the automobile industry, in all of the corporations and NOT nationalize … but rather …

… are YOU ready for this? …

… are YOU sure? …

BUST UP THE TRUSTS … decorporatize, break GM down into the twenty or so companies they swallowed … break CitiBank into a thousand smaller banks … make Ford a single product car company with spin-offs on its other so-called models … turn the Bank of America into something about the size of the local bank in a small American Town … in other words …

… well, use your imagination. And as far as corporation law is concerned … let’s do some reading and see just how things were before the American Civil War … when states were actively opposed to large corporations. As silly as his religious bs was (the Dayton Monkey Trial being what he mostly remembered for), William Jennings Bryan was correct when he suggested that banking interests were screwing the masses of Americans …

Anyway, in cynicism and literacy,

RG the LG

]]> By: mary http://dissidentvoice.org/2009/02/the-%e2%80%9cgeithner-put%e2%80%9d/#comment-39665 mary Thu, 26 Feb 2009 22:09:48 +0000 http://www.dissidentvoice.org/?p=6944#comment-39665 http://news.bbc.co.uk/1/hi/business/7910335.stm Well I don't think you're doing too badly over there in Amerika. It's only twice as much as our national indebtedness and you have 5 times our population! Today we heard the results of the Royal Bank of Scotland, the fifth largest bank in the world and now 95% owned by way of the British taxpayers' bail-outs. The losses were £24 billion (the largest ever in British corporate history) and £325 billion of the so-called toxic assets (ie pieces of paper which nobody can value) are being packaged up for sale to goodness knows whom using a Government insurance scheme. The retired Chairman Sir Fred Goodwin has gone off with a £16m pension pot and an annual pension of £650k. He has declined a request to return a proportion of it, although it was under his watch that the madness took place including the recent purchase of the Dutch bank ABN Amro for £16.2billion. In the light of massive staff redundancies due to be announced, as RBS are selling off many of their overseas interests, this is rightly being called 'obscene'. Our children and their children will be paying back these debts for decades to come if the whole shooting match doesn't go belly up in the meantime. http://news.bbc.co.uk/1/hi/business/7911722.stm http://news.bbc.co.uk/1/hi/business/7910335.stm

Well I don’t think you’re doing too badly over there in Amerika. It’s only twice as much as our national indebtedness and you have 5 times our population!

Today we heard the results of the Royal Bank of Scotland, the fifth largest bank in the world and now 95% owned by way of the British taxpayers’ bail-outs. The losses were £24 billion (the largest ever in British corporate history) and £325 billion of the so-called toxic assets (ie pieces of paper which nobody can value) are being packaged up for sale to goodness knows whom using a Government insurance scheme. The retired Chairman Sir Fred Goodwin has gone off with a £16m pension pot and an annual pension of £650k. He has declined a request to return a proportion of it, although it was under his watch that the madness took place including the recent purchase of the Dutch bank ABN Amro for £16.2billion.

In the light of massive staff redundancies due to be announced, as RBS are selling off many of their overseas interests, this is rightly being called ‘obscene’. Our children and their children will be paying back these debts for decades to come if the whole shooting match doesn’t go belly up in the meantime.

http://news.bbc.co.uk/1/hi/business/7911722.stm

]]> By: Jeff http://dissidentvoice.org/2009/02/the-%e2%80%9cgeithner-put%e2%80%9d/#comment-39663 Jeff Thu, 26 Feb 2009 21:41:54 +0000 http://www.dissidentvoice.org/?p=6944#comment-39663 Well, isn't this just lovely. I am not sure how many here did not see this coming long ago, but a 'made to fit' financial situation is just around the corner. Actually, the first shot over the bow came in 1973. Top of the proverbial 'Bell Curve' (1941-2006). Welcome all to the new financial system. Welcome to the New World Order. Oh, where did I here that before. Bush #1 blurted it out. Oh, but then again that is just another conspiracy theory. Have a great day. Well, isn’t this just lovely. I am not sure how many here did not see this coming long ago, but a ‘made to fit’ financial situation is just around the corner. Actually, the first shot over the bow came in 1973. Top of the proverbial ‘Bell Curve’ (1941-2006). Welcome all to the new financial system. Welcome to the New World Order. Oh, where did I here that before. Bush #1 blurted it out. Oh, but then again that is just another conspiracy theory.

Have a great day.

]]> By: neil endwar http://dissidentvoice.org/2009/02/the-%e2%80%9cgeithner-put%e2%80%9d/#comment-39654 neil endwar Thu, 26 Feb 2009 19:35:11 +0000 http://www.dissidentvoice.org/?p=6944#comment-39654 And something I don't get: how did it come to be a given in the American (and global?)mind that banking conglomerates must rule still and forever, and simply must be reformed & somehow chastened? My local Credit Union (and thousands everywhere) neither rape nor enslave me nor my fellow "unionists". They just sent out a notice that despite The Mess, they're thriving, still offering a Visa card as low as 6% interest, and have plenty of reasonable mortgages for anyone qualified. All other services are way below any commercial bank, of course. Anyone in the county can become a member. Anyway, what I don't get is, since They do allow credit unions to exist here in Their country, why can't we just not simply bust these trusts, as it were (again, for the umpteenth time), but abolish them altogether in favor of local (or federal) credit unions? Or just boycott and let them wither away while our credit unions grow fat.--a lot faster & simpler than "our" congress would ever be, and maybe more effective than another march on DC. And something I don’t get: how did it come to be a given in the American (and global?)mind that banking conglomerates must rule still and forever, and simply must be reformed & somehow chastened? My local Credit Union (and thousands everywhere) neither rape nor enslave me nor my fellow “unionists”.
They just sent out a notice that despite The Mess, they’re thriving, still offering a Visa card as low as 6% interest, and have plenty of reasonable mortgages for anyone qualified. All other services are way below any commercial bank, of course. Anyone in the county can become a member. Anyway, what I don’t get is, since They do allow credit unions to exist here in Their country, why can’t we just not simply bust these trusts, as it were (again, for the umpteenth time), but abolish them altogether in favor of local (or federal) credit unions? Or just boycott and let them wither away while our credit unions grow fat.–a lot faster & simpler than “our” congress would ever be, and maybe more effective than another march on DC.

]]> By: Wingnut http://dissidentvoice.org/2009/02/the-%e2%80%9cgeithner-put%e2%80%9d/#comment-39643 Wingnut Thu, 26 Feb 2009 16:14:34 +0000 http://www.dissidentvoice.org/?p=6944#comment-39643 Hi gang. Richard, don't you mean "wake up and get un-involved"? Get un-involved-with federal reserve notes and (disctrict of-) Colombia free mason pyramid schemes like capitalism? *shrug* Ain't monetary discrimination systems and "work FOR not WITH" servitude systems... fun? Seeing any 18 year olds getting loving freedom of choice such as "Join the competer's church... or die of starvation!"? Parental polices reverse from SHARE, to FIGHT, when the kids are sharktanked into "out there", eh? Seeing any "pay up or lose your wellbeing" in capitalism? And here we thought Elliot Ness had that kind of felony extortion all fixed. Hi gang. Richard, don’t you mean “wake up and get un-involved”? Get un-involved-with federal reserve notes and (disctrict of-) Colombia free mason pyramid schemes like capitalism? *shrug* Ain’t monetary discrimination systems and “work FOR not WITH” servitude systems… fun? Seeing any 18 year olds getting loving freedom of choice such as “Join the competer’s church… or die of starvation!”? Parental polices reverse from SHARE, to FIGHT, when the kids are sharktanked into “out there”, eh? Seeing any “pay up or lose your wellbeing” in capitalism? And here we thought Elliot Ness had that kind of felony extortion all fixed.

]]> By: Richard http://dissidentvoice.org/2009/02/the-%e2%80%9cgeithner-put%e2%80%9d/#comment-39642 Richard Thu, 26 Feb 2009 16:01:47 +0000 http://www.dissidentvoice.org/?p=6944#comment-39642 Americans will continue to be raped as long as they just sit on the couch. America wake up and get involved! Americans will continue to be raped as long as they just sit on the couch. America wake up and get involved!

]]> By: Paul Meyer http://dissidentvoice.org/2009/02/the-%e2%80%9cgeithner-put%e2%80%9d/#comment-39641 Paul Meyer Thu, 26 Feb 2009 15:37:51 +0000 http://www.dissidentvoice.org/?p=6944#comment-39641 One thing I don't "get": has the Treasury guaranteed the FED's losses? The Fed, after all, is a clique of private banks (whose owners is a closely guarded secret). If the Fed is supplying 80% of the loaned capital, then this private bank stands to lose when the product loses value--unless, of course, the fine print protects the Fed from its losses!! If that's the case--it's not a ripoff, it's a rape!! One thing I don’t “get”: has the Treasury guaranteed the FED’s losses? The Fed, after all, is a clique of private banks (whose owners is a closely guarded secret). If the Fed is supplying 80% of the loaned capital, then this private bank stands to lose when the product loses value–unless, of course, the fine print protects the Fed from its losses!! If that’s the case–it’s not a ripoff, it’s a rape!!

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