US taxpayer gets screwed by Geithner and Citigroup … again
December 17th, 2009
US financial commentator and former tech analyst Henry Blodget and Yahoo! finance host Aaron Task are furious about how the US public keeps getting “hosed” by Treasury secretary Tim Geithner as a result of his generosity towards the “colossal pile of junk” that is Citigroup.
In this video clip from the Business Insider website, Blodget says: “As much as we’d like to keep blaming Citi, it’s our government that’s really the problem. Citi’s just doing what any business would do under the circumstances — ask for the moon. Tim Geithner, unfortunately, keeps giving it to them.”
If only we could have financial commentators like this over here. Instead we’re having to make do with the BBC’s nauseating business editor Robert Peston and the pompous relic David Buik of interdealer brokers BGC Partners (I don’t necessarily mind the latter as a person, but his smug assumption that we must all get back to the status quo ante is patently absurd).
P.S. I know that Blodget was barred from the securities industry for life in 2003 (following the Merrill Lynch securities email scandal). But he has rehabilitated himself here.
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Short URL: http://www.ianfraser.org/?p=996
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