dimelab dimelab: shrinking the gap between talk and action.

cronyism Topic in The Credit Debacle Catalog

Jesse's Café Américain Thu 2009-11-19 10:51 EST

Tim Geithner's $14 Billion Gift of Taxpayer Funds to Goldman Sachs: Crisis Profiteering?

Tim Geithner should be given the option to resign immediately, or be fired. He is either incompetent, too conflicted to do his job with the banks properly, or possibly both. Stephen Friedman should be investigated for $5.4 million in profits made through potential insider trading. His breach of fiduciary responsibility as chairman of the NY Fed is shocking. The entire integrity of the Federal Reserve bank should be called into question. There is no place for the Fed to be the primary regulator of the financial system given their penchance for secrecy and cronyism, and their inability to manage their own shop from such scandalous conflicts of interest...

14; Crisis Profiteering; gifts; Goldman Sachs; Jesse's Café Américain; taxpayer funds; Tim Geithner's.

Wed 2008-04-09 00:00 EDT

Sudden Debt: Free Markets vs. Cronyism

"Free markets...without tight regulation...rapidly deteriorate towards crony capitalism"; "excellence in market regulation leads to better and freer markets"

cronyism; free market; Sudden Debt.