HowardToo Late to Apologize
February 17th 2009 14:46
Real Crash- Looking at Capitalism and its Laws:
Too late to apologize? Timbaland
Barney Frank's trying to save derivatives;
What a mistake, yeah;
Timmy Geithner wants a scheme to buy up more toxic waste, yeah;
That's 3 more trillion dollars, to bankrupt United States, yeah;
Let's put the Federal Reserve in bankruptcy before it's too late, yeaaaaaah;
Cause it's too late to apologize;
Too late;
Lyndon LaRouche today called on Treasury Secretary Timothy Geithner (link) to either apologize to President Obama for the horrible mistakes he has made, or resign. While 3 million families are already thrown out of their homes, with another 3 million scheduled to be kicked out this year, Geithner is still trying to save the bubble.
Sources close to the Obama economic team have reported that Geithner is `soft on the banks, and that his proposal last week for a public-private partnership to buy up the toxic waste on the books of all of the big U.S. banks is subterfuge, to hide the fact that he would otherwise have to go back to Congress to ask for $2-3 trillion in additional bailout money.
This is on top of Cong. Barney Frank's legislative action to protect derivatives, the gambling side bets that are the center of the insanity of the current financial pyramid.
Says the old geezer: The obvious alternative, the alternative that I have spelled out, repeatedly, since my July 25, 2007 webcast, is to put the entire Federal Reserve System through top-down bankruptcy reorganization, as our Federal Constitution provides. So far, Mr. Geithner has shown no willingness to take that vital action.
It's time for Mr. Geithner to apologize for his insane proposal, or do a quick resignation. Only one of these two actions will serve the Obama administration properly and save it from ruin.
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