“The illusion of freedom will continue as long 
as it's profitable to continue the illusion.
 
At the point where the illusion becomes too 
expensive to maintain, they will just take 
down the scenery, they will pull back the 
curtains, they will move the tables and chairs 
out of the way and you will see 
the brick wall at the back of the theater.” 

Friday, November 16, 2012

Timothy Geithner's Handling Of Libor Scandal Draws Criticism


Timothy Geithner's Handling Of Libor Scandal Draws Criticism From Senators Mark Kirk And Charles Grassley

16 November 2012
As seen on Huffington Post By Douwe Miedema Reuters  |  Posted: Updated: 11/15/2012 8:37 am EST

LONDON, Nov 14 (Reuters) - Two Republican senators said on Wednesday they would block the confirmation of the head of a new U.S. regulatory office because they are unhappy about the way Treasury Secretary Timothy Geithner has handled the Libor rate-rigging scandal.

Republican Senators Charles Grassley and Mark Kirk said they would hold up a vote to confirm Richard Berner, a former Morgan Stanley economist who was appointed by President Barack Obama late last year to head the Office of Financial Research.


To read the rest of this posting see Huffington Post

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