Information from the investigation being conducted by the House Oversight and Government Reform Committee reveals that:
|The Federal Reserve Bank of New York, then led by now-Treasury Secretary Tim Geithner, purchased a slew of souring assets from the world's biggest banks for 100 cents on the dollar in November 2008. A scathing report by a government watchdog held Geithner responsible for the overpayments.|
We need to put an end to this crony capitalism. Wall Street is corrupt and a parasite on the nation's economy!