We reported in June upon the 52,000 American bank accounts held at UBS Switzerland suspected of tax evasion and other forms of financial fraud – you know, those accounts that belong to the “top 1% of earners” in America that all our nation’s wealth is shifting to?
But Geithner wanted wealthy tax cheats to be left alone (takes one to know one) because it could destabilize poor neutral UBS:
NZZ am Sonntag said the U.S. government had backed off from the original demands of the Internal Revenue Service (IRS) because the U.S. Treasury Secretary did not want to provoke another financial crisis by pushing UBS over the edge.
How long are they going to let criminals like Geithner run ruin our nations regulatory system before they just string them up on a pole?
In what Universe other than the United States of Disgrace do we allow tax cheats to find safe haven in foreign banks — because we’re afraid we’ll otherwise have to bail them out anyway?
Paulson and his Goldman manufactured clone, Geithner, are two of the most spineless, simpering wimps to ever hold office.
The next time you hear the words “too big to fail” or “systemic risk” they will be rolling off the tongue of trembling Timmy (assuming he can dislodge his nose from the collective ass of his precious Banks).
He belongs in the same cell with Madoff and assuming he can outlive Madoff for even longer. Geithner’s Ponzi scheme makes Madoff’s look like child’s play and the only reason he isn’t serving life is because he’s serving in office.
Luckily, the huge deficit he helped cause is over-ruling his anal fixation with rewarding failure, since the IRS wants the revenue from these 52,000 pikers to help offset the trillions shoveled into the vaults of the systemic banks by the Fed’s Ponzi machine–but Turbo-Tax Timmy’s safe and sound for now.
Special Note to Timmy: Try the paperback version of Michael Leboeuf’s GMP: The Greatest Management Principle in the World. And by all means, pass out copies to every idiot on Capitol Hill.
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My comment is not for this particular post. It’s the way I view not only this post but your entire site. KEEP UP THE GREAT WORK!!! Our tax dollars has already made these white collar criminals too wealthy already!
But why should they think any different? We’ve bailed out these people several times over the past century. They knew the taxpayers money would come to the rescue when they entered their ‘den of theives’.