Even Obama does not get it – or he is just a puppet – ,n both cases major mistake

The only official person who dared (absolutely rightfully) to criticize Paulson ,Bernanke and Geithner is about to be dismissed. She is uncomfortable for the Rothschild boys and its even a negative surprise that President elect Obama did not give her a central role. Now the worst scenario turns out to be true – the secretive participation of Obama at the Bilderberger meeting has already its clear consequences.
Bailing out wallstret with tril. not objecting the bonuses still payed, but coming up with a double standard when it comes to the bailout of the US car-industry ( not that the management did any good job – especially Wagoner needs to be fired) but here is a central peace of US economy at stake and it should be clear that this needs to be dealt with accordingly.
Even before his term starts it is quite obvious who’s man he is – he seems to be really an elitist as a Merrill employee even without any bonus has a 184k average income this year and I do not know the official figure but in the car industry it barely will reach 50k and they did not destroy trillions of Dollars global wealth.


Geithner May Seek to Push Bair Out After Clashes During Crisis
By Robert Schmidt

Dec. 4 (Bloomberg) — Timothy Geithner, President-elect Barack Obama‘s choice for U.S. Treasury Secretary, is seeking to push Federal Deposit Insurance Corp. Chairman Sheila Bair out of office.

Geithner, president of the Federal Reserve Bank of New York, has argued Bair isn’t a team player and is too focused on protecting her agency rather than the financial system as a whole, according to two congressional officials and a person familiar with his thinking. Bair has battled with Geithner and fellow regulators over aid to Citigroup Inc. and other emergency actions, making her enemies in the Bush administration.

“The idea of having an independent actor on the stage with you who might not be singing the same tune can make you nervous,” said Wayne Abernathy, a former Treasury official who is now executive vice president with the American Bankers Association in Washington. “They recognize that she’s a very independent person.”

It isn’t clear that Obama would ask Bair to step down. Such a move would be fraught with political risk for the new administration, especially on Capitol Hill, where Bair’s campaign to rework mortgages for struggling homeowners has won respect from top lawmakers, including Senate Banking Committee Chairman Christopher Dodd and Barney Frank, his counterpart in the House.

Bair’s spokesman Andrew Gray declined to comment. Obama’s transition spokeswoman Stephanie Cutter had no immediate comment.

Obama Plan

Even if Bair remains at the FDIC, the Obama economic team has decided that she won’t play a central role in policy, the people said. While Bair, like Obama, has favored aid for Main Street as well as Wall Street, the new administration will have its own plan to help the millions of people facing eviction from their homes. It will also have its own team to run the government’s $700 billion bailout program, they added.


~ by behindthematrix on December 4, 2008.

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