Wednesday, December 23, 2009

Geitner Headed For A Fall

A man who has no respect for the economy, like a surfer who has no respect for the ocean, will drown in his arrogance.

Another meltdown is coming, like a tsunami, and there is nothing Geitner can do about it.

http://www.cnbc.com/id/34571036

The only thing he can do is help steer the government's response to it.

The government should have written down principal on mortgages when it had the chance 18 months ago.

http://www.cnbc.com/id/34571747

All of our money that went to the banks, should have gone to homeowners. If that had happened, the banks wouldn't have needed nearly as much anyway.

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