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One Small Problem With Geithner’s Plan: It Will Bankrupt The Banks
- Text size
The Business Insider
March 25, 2009
The big problem with Tim Geithner’s plan to fix the banks is the same as it ever was: The gap between what banks say their assets are worth and what the market says they are worth.
- A d v e r t i s e m e n t
But unless the taxpayer gets stuck with the entire spread, which is probably what Geithner is hoping, banks that sell assets will have to take massive writedowns. This will start the whole cycle of violence again.
This risk to the banks is particularly acute when dealing with whole loans that the banks currently say they have no plans to sell. These loans are often carried at 100 cents on the dollar, because loans classified as held to maturity don’t have to be marked to market. Even subsidized buyers won’t likely be willing to pay anywhere near 100 cents on the dollar for these loans. So, here, the writedowns could potentially be huge.
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March 25th, 2009 at 1:18 pm
I can’t believe these guys are at the wheel; I really can’t.
No one is doing what needs to be done in order to correct what has gone wrong here.
And, they won’t. It’s mainly because the government is in the pocket of the banks. The same way that no one of a higher logic could believe that we were going to have the Iraq War when it broke out; it’s just astonishing to understand money and see what they are doing here.
hammernail1976@hotmail.com Reply:
March 25th, 2009 at 1:25 pm
if we the people would just reclaim our “sovereign citizenship” things of this nature could never happen, because as is stands as of right now if you have not reclaimed your “sovereign citizenship” you have no rights no declaration of independence rights, amendment rights, or any other right for that matter, THIS IS FACT that has been proven in the courts time after time,the only thing you have is 14th amendment privileges which can be given or taken at any time by the grantee.
see now i know that many of you think its just a null adhesion contract that was voided by the state or federal government abuse, but that is simply not the case, because as long as whatever is being done is being done to a people who have a “birth certificate” no matter what it is, they can do it with the backing of the courts because the grantees are sovereign people who are making things, and restricting things from a non- sovereign people, within a sovereign state, within a united corporation. and so, by reclaiming your sovereign citizenship, it restores all the rights that you where given at birthright by the state in which your born. the sovereign people would be able to make decision with the full backing of the declaration of independence, and the amended rights which where exchanged for “privileges” through adhesion contracts, please i challenge anyone who does not believe me or think im in left field about this to research, so you can see for yourself that what i speak of is FACT. please people it is the only other way then revolution to make the government get back into its proper smaller place working the the People!!!
TO ALL THOSE BORN IN AMERICA, PLEASE RECLAIM YOUR SOVEREIGN CITIZENSHIP, INDIVIDUALLY DRAW THE LINE IN THE SAND, SO WE THE PEOPLE CAN MAKE THE PUSH!!!
IF YOU ARE TO TAKE PLACE IN THE BATTLE OVER FREEDOM IN THE TRUE SENSE YOU CAN NOT, AND SHOULD NOT BE ACCEPTING ANY PRIVILEGE OR GRANT FROM THE OPPOSING FORCE, BECAUSE WE ALL KNOW WHAT ACCEPTING ANYTHING FROM OPPOSING FORCE/CORPERATION IS LABELED AS “TREASON, OR DOUBLE AGENT” THE SAD THING IS, IS THAT MOST WHO ARE, DO NOT EVEN KNOW THAT THEY ARE. WAKE UP!!WAKE UP!!!! RECLAIM WHAT IS RIGHTFULLY YOURS GIVEN TO at BIRTH, BY THE STATE IN WHICH YOU WHERE BORN!!!!!!!!!!
hammernail1976@hotmail.com Reply:
March 25th, 2009 at 7:11 pm
Someone is false flagging me. HELLLP AJ, I’m a VICTIM. STOP THIS NONSENSE.
I’m a paid shill sent here to disrupt this site. I WILL BE HEARD! DO NOT IGNORE ME……
What I have to say is for your own good. Get the paper. Show it to the NWO. Use this proven method to win the war. Not mindless violence. This is the 21st century, we are a modern civilization and can settle this without violence. Please read my post. Do it. Turn in your guns for pens and paper.
The Free Celt Reply:
March 25th, 2009 at 1:31 pm
It is astonishing. The are treating the fire they created with kerosine. People need to wise up. Stop listening to the mainstream media.
hammernail1976@hotmail.com Reply:
March 25th, 2009 at 2:39 pm
you using my name to make people think i am something i am not will not work period.
hammernail1976@hotmail.com Reply:
March 25th, 2009 at 7:15 pm
I AM a VICTIM. ALL HEED…………………………..
March 25th, 2009 at 1:20 pm
Given the current situation… If I was the president I would issue every citizen an assault weapon and 2500 rounds of ammo in a glass vial that states in red, crack open only in emergency.
March 25th, 2009 at 1:20 pm
Has anybody noticed that the eco wackos whose real goal is population control through economic ruination and global warming (climate change?) fixes have been flying under the radar screen? Has anybody noticed how strange it is that David Rockefeller escapes media scrutiny yet he is at the centre of it all from the eco wackos to the criminal bankstas? Does anybody care that he worships a 40 foot high burning owl named Moloch?
There’s the man behind the curtain in the land of Oz (with some help from Kissinger, Soros, et. al)
THEorYofLIVEvolution.com
March 25th, 2009 at 1:27 pm
Please remove the flashing aspect of the Obama Deception advertisement. It makes it impossible for me to view the web site, it makes me physically ill. Keep the ad. Just remove the rapid red and white strobe effect that is the same effect that is known to induce seizures.
PLEASE..
March 25th, 2009 at 1:28 pm
being somewhat establishment for most of my life I used to think Alex Jones was just another wacko. But now I have the most respect for Alex Jones and his works. And now those in government I looked up to make me sick to even think about. Everyone I know with a working brain hates these bankers and those in Washington. Hate is really a mild work
Listen to Alex and what he is telling you. They will subsidize these toxic assets all the way down to their real value 30 to 40% in most areas of the country and stick us with the debt. Unfortunately its just like Alex says.
ENGLISH BOB Reply:
March 25th, 2009 at 2:22 pm
JOEY ,ITS NICE TO SEE SOMEONE WHO,S HAD THERE EYES OPENED.
SORRY ABOUT THE CAPS, caps
March 25th, 2009 at 1:48 pm
No I’m tired of half assed Spammers, adding nothing to the discussion, but shameless self promotion, Christian Monitor Pseudo Science, New Age spirituality BULL– shit, and just plain racist dick skinners.
Which one are you? If you nobody comes to your site, it’s because it’s gay, as in homosexual in the pants.
March 25th, 2009 at 1:54 pm
Banker smoke and mirrors for the public.
March 25th, 2009 at 2:06 pm
I believe that is the plan to bankrupt most all banks in the coming months possibly by August September. Like one comment above the CFR king terror, Rockefeller is one of those OZ guys crashing the world into the ground.
Alpha15 Reply:
March 25th, 2009 at 2:49 pm
The BIG question we morons of this Republic should ask is? why the hell is Geithner appearing before the CFR. As if the CFR is a legitimate Branch of Government, all in plain view.
March 25th, 2009 at 2:33 pm
Ok THAT’S ENOUGH of this crap, GET RON IN THERE.
March 25th, 2009 at 3:21 pm
It will also bankrupt the taxpayers.
March 25th, 2009 at 3:27 pm
Am I the only one who saw these 2 clowns say during the hearing that they support doing away with the dollar and going to a global economy?
March 25th, 2009 at 4:22 pm
Hey!
why dont we all become bankers?
I want to become a banker….that way, I can print my own money at a ratio of 10:1 based on a low reserve i currently have…
then, when people start taking my money away and the loaned portion starts to evaporate and creates a fiscal deficit, I can get a bailout!…just because im a banker!
hmmm, thats a great idea!
wow!!
March 25th, 2009 at 4:44 pm
I agree that the government is working on mind conditioning of the weak as well as population control. Were heading into a new age of slavery/ a new age halocaust if we dont open our eyes and stand up for our rights! Im finding alot of crazy shit going on. The bailout was supposed to be transparent but ended up being given to congress with 1 hour to read how many pages??? Then instead of bailing out the citizens and local companies that provide jobs, they hand it over to the banks who take lavish vacations, get given bonuses and then arent there to work on Monday, conventions that pay for sheryl crow to be a little richer. Then let hard working american citizens scrape by on nothing while losing everything they worked so hard to achieve. The GIFT act comes into play there. Ah what a great plan. Put everyone out of work then Mandatory them to “volunteer” therefor “creating” jobs. People will be forced to join, an unknown draft if you will, the citizens militia. Your children will also be forced to have Summer service so they can be conditioned into the governments slaves. I dont know about everyone else but Im not down with slavery. Im not okay with the fact that my children have no future if everything unfolds as these rich assholes plan. PLEASE WAKE THE FUCK UP AND TAKE A STAND!
March 25th, 2009 at 5:06 pm
censorship at is best AJ
March 25th, 2009 at 5:07 pm
Where is John Galt
March 25th, 2009 at 5:07 pm
Who is John Galt?????
March 25th, 2009 at 6:18 pm
What I found most interesting is that Europe is calling Obama and his administration inept. How accurate!
March 25th, 2009 at 6:57 pm
One day they claim they will use vaseline , the next day , the deal is off !!! What the fuck is it !!!
Chips Reply:
March 26th, 2009 at 8:52 am
What’s the difference? Vaseline wears out with a good gangbanking, anyway.
Sir Baby De Porky Reply:
March 26th, 2009 at 11:19 am
You know what , you got a point !!! Thanks for the ” insight ” on the finer issues !!!
March 25th, 2009 at 7:01 pm
I’m a paid shill sent here to disrupt this site. I WILL BE HEARD! DO NOT IGNORE ME……
What I have to say is for your own good. Get the paper. Show it to the NWO. Use this proven method to win the war. Not mindless violence. This is the 21st century, we are a modern civilization and can settle this without violence. Please read my post. Do it. Turn in your guns for pens and paper.
Sir Baby De Porky Reply:
March 25th, 2009 at 7:12 pm
Just listen to me , I’m your master now !!!
Sir Baby De Porky Reply:
March 26th, 2009 at 6:33 am
Wow !!! Heavy shit , did you come up with it yourself or did you have your school buddies
help you out ?!? Stop playing Internet hero with your computer now and go back to your mama ( it’s time for your cookies n’ milk ) , c’mon !!!
March 25th, 2009 at 9:34 pm
They are playing fantasy econ101, and hopeing that nobody can see through the smoke and mirrors. They think they are going to be able to con buyers with this nonrecourse loan idea and get them to pay 60 to 80 cents on the dollar when the thing is actually worth at best 30 cents on the dollar. They won’t because as we have seen over the few weeks, whats to stop the govt. from changing the rules in the middle of the game and deciding that nonrecourse will be a regular loan etc. etc.. This is a con game that the world and the people that buy this junk can see through. We can’t afford this junk, but the billionaires and the institutions can and they aren’t dumb, not by a long shot.l
March 26th, 2009 at 8:10 am
“Homosexual in the pants” Hey Ghost, just how old are you????
March 26th, 2009 at 8:51 am
Amen.
March 26th, 2009 at 11:43 am
Like I said months ago. Geithner is Obamas boss! Get it? Bill and the others are absolutely correct. More than likely, Timothy’s parent’s dedicated him to the ascended masters of the Illuminati, from birth! He has been trained and endued with occult power,to function as a Economic Sorcerer,skilled in the arts of “Black Attack Chaos Magic!” Any one with an ounce of spiritual discernment can see the demon bleeding through his facial features. This is an indication of just how totally “taken over”,and inhuman(uncaring about our fate) he really is. As far as Code Pink.They are either disinfo plants, trying to garner sympathy for Geithner,by seeming to pick on him. Or there is really cracks starting to appear in the Illuminati’s structure. After all, Geithner’s father employed Obama’s mother at the same Ford Foundation(Globalist/Iluminati connections) ,that reportedly gives millions in funding to Code Pink. A kingdom divided against itself,can not survive. Hopefully these scumbags will overplay their hand,and aim a little higher than the foot,next time they screw up. It is quite depressing to realize they have this economic thing ,pretty much covered on all sides. If we as Americans continue to do nothing,as they robs us and our great grandkids of a decent life. They just continue”winning”,along their merry way. On the other hand if they succeed,through the Medias help to inspire us to protest and riot,they win bigger,and quicker. Than they really get what they are after ,quicker. After Marshall Law ,and firearms confiscation. Comes detention and elimination of “all” the enemies of the State and Fuhrer. Only this time the body count will be much,much,much larger! This is where it is all heading, folks. The very same “Ascended Masters” that Adolph Hitler, the Occultic/Illuminist Dictator sought out and sought ‘power” from. Are the very same “Beings” that Geithner, Obama,and all the other Luciferians, take their orders from. You can agree, or disagree. That is , non the less ,what is really going on. I have “inside” information. I don’t care if you believe it either. It doesn’t change the Truth, what any one believes or disbelieves. THE “TRUTH” IS SOMETHING WE ALL WILL ALL HAVE TO LINE UP WITH ,SOONER OR LATER! THE “TRUTH” Is a Person!