Tim Geithner, the same guy that originally said that he ‘forgot’ to pay gobs of taxes because he didn’t understand Turbo Tax, believes he has the power to fire executives at banks.
Under the guise of taking care of banks that require ‘exceptional’ help from the government, Geithner has said that he would fire executives, similar to his boss, President Obama’s firing of the ceo of GM for only having 20 lines of vehicles that drew a profit (11 of which are SUVs and pickup trucks, which the government has hinted at getting rid of).
His defense is that it was done to AIG, Freddie and Fannie.
Translation: “Well we’ve already done it, so there’s nothing you ‘common folk’ can do.”
When do we fight back?
Tags: Tim Geithner
