OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Plant-Based Eating 101: Everything You Need to Know
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptyToday at 12:44 am by PurpleSkyz

» Died Suddenly's - 01/30/23
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptyToday at 12:39 am by PurpleSkyz

» Study of 500,000 Medical Records Links Viruses to Alzheimer's Again And Again
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptyToday at 12:25 am by PurpleSkyz

» Davos Reset
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptyToday at 12:18 am by PurpleSkyz

» Hanoi Jane Says Racism To Blame For ‘Climate Crisis
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptyToday at 12:15 am by PurpleSkyz

» We Have Our Own Code Now! Z28.310 – The code designated for the Unvaccinated
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptyToday at 12:07 am by PurpleSkyz

» Massive Fire Sweeps Egg Farm, 16 Fire Departments Needed to Contain It
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptyToday at 12:01 am by PurpleSkyz

» Feds prosecute Utah doctor who dumped out mRNA shots and worked with parents to free kids from vax mandates
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptyYesterday at 3:49 pm by Kcantrell

»  Medicinal plants: five herbs that can help boost respiratory health
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptyYesterday at 2:03 pm by PurpleSkyz

»  You Are Not Sick. You Are Being POISONED
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptyYesterday at 12:07 pm by PurpleSkyz

» Mysterious whiting events in the ocean have scientists baffled
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptyYesterday at 11:58 am by PurpleSkyz

» Watch: Damar Hamlin Makes First Remarks on Video Since Suffering Cardiac Arrest
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptyYesterday at 11:41 am by PurpleSkyz

» Observations on the Paul Pelosi/David DePape Videos – What Looks Weird and What’s Missing?
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptyYesterday at 11:35 am by PurpleSkyz

» Take Action Now: Demand Accountability for COVID-19 Wrongdoing In Your State!
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptyYesterday at 11:27 am by PurpleSkyz

» Eerily Perfect Galaxy-Shaped Spiral Appears over Hawaii. What is it?
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptyYesterday at 2:17 am by PurpleSkyz

» Book of Enoch Explained
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptyYesterday at 2:12 am by PurpleSkyz

» Max Igan - Freedom Moon Rising
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptyYesterday at 1:59 am by PurpleSkyz

» WE TOLD YOU SO!!!
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptyYesterday at 1:41 am by PurpleSkyz

» WATCH: This man built a home of the future using trash from the past
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptySat Jan 28, 2023 4:54 pm by PurpleSkyz

» The TRUTH about the Gates Family
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptySat Jan 28, 2023 11:53 am by PurpleSkyz

» January 2023 UFO NEWS ~ Did Russia just shot down a ball-shaped UFO? plus MORE
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptySat Jan 28, 2023 11:45 am by PurpleSkyz

» This Island Appeared Out of Nowhere, With Life Forms Never Seen Before
March could be interesting.....  Lehman Bros. Case: Geithner Ignores Subpoena to Testify 	 EmptySat Jan 28, 2023 11:30 am by PurpleSkyz

You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » FINANCIAL COLLAPSE » March could be interesting..... Lehman Bros. Case: Geithner Ignores Subpoena to Testify

March could be interesting..... Lehman Bros. Case: Geithner Ignores Subpoena to Testify

2 posters

Go down  Message [Page 1 of 1]

shakes4life2



March could be interesting.....

Lehman Bros. Case: Geithner Ignores Subpoena to Testify | Print |
Written by Bob Adelmann
Monday, 20 February 2012 17:30

Timothy GeithnerThe creditors’ committee representing what’s left of Lehman Brothers asked bankruptcy Judge James Peck last week to force Timothy Geithner (left) — currently Obama’s Treasury Secretary but President of the New York Fed at the time of the Lehman Brothers’ bankruptcy — to answer some questions. The original subpoena issued by the committee to Geithner to appear last August was ignored and so the committee appealed to Judge Peck.

The committee claims that Geithner played a pivotal role in Lehman’s collapse and may have “unique” knowledge about a last-minute transfer of some $8 billion out of Lehman to JPMorgan just before that collapse. Lehman is suing JPMorgan in an attempt to get that money back and Geithner’s testimony is crucial. Time is running out: The discovery period for the committee ends on March 16.

The committee claims that JPMorgan did a “last-second collateral grab” in order to save itself while inflicting fatal damage on Lehman at the same time. And Geithner was in on it. The week before the Lehman collapse Geithner made 35 phone calls to Lehman’s CEO Richard Fuld and another 10 calls to JPMorgan’s CEO Jamie Dimon, and at least some of those calls, said the committee, centered on those collateral demands. Therefore, the committee insists that Geithner should be required to reveal what those calls involved.

Geithner has remained silent; however, a spokesman for the Treasury Department, Anthony Coley, said he couldn’t understand what all the fuss is about: “Treasury and the Fed have provided thousands of pages of documents and arranged for depositions of numerous other witnesses.” [Emphasis added.] In light of all that disclosure, Coley said, “it is unclear why the plaintiffs [Lehman’s committee] continue to insist on unnecessary depositions.”

Geithner has been less than forthcoming on previous occasions as well. In January 2010 Rep. Darrell Issa (R-Calif.) released a series of emails between American International Group (AIG) and the New York Fed in which the Fed urged AIG not to disclose the full details of bailouts to various banks which AIG insured using derivatives. At the time, AIG’s credit swaps insured half of the western world’s banking system. When those derivatives failed, the banks and AIG were bailed out with taxpayer funds. Geithner was in charge at the New York Fed while this was going on. When Geithner was finally forced to testify in that case, he defended those payouts and denied any attempt to withhold information. His testimony was greeted with disdain, skepticism, and anger by members of the House Oversight Committee who heard it.

If Geithner is forced to testify, it could further confirm the high-level corruption and self-dealing that surrounded the Lehman collapse and remind taxpayers of how such manipulations have cost them billions. In light of the March 16 deadline, it is clear to observers that his strategy is to lie low and keep quiet. As Graham Summers, writing at ZeroHedge, put it, “The only reason this process hasn’t already reached a fever pitch is because the benefits of not talking for most of those who were in on the corruption still outweigh the consequences…” [Emphasis in original.]

With Geithner’s announcement that he won’t stick around for another term if Obama is reelected, it seems possible, if not probable, that by waiting out the clock he will escape unscathed into oblivion. On the other hand, if he is forced to testify, and his testimony does show the suspected back-room dealings involved in saving JPMorgan at Lehman’s expense, then the lid so tightly fastened on the investigation to date will be removed. If that happens, says Gary North, “the public will find out about the nature of crony capitalism [and] the voters’ trust in the existing system will disappear.”

http://www.thenewamerican.com/usnews/politics/10932-lehman-bros-case-geithner-ignores-subpoena-to-testify

godsfool713

godsfool713

:evil: :twisted: :evil: :twisted: :evil: :twisted:

zIONIST!!! 🤡

WATCH EM RUN, LIKE COCKROACHES :shock:

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum