Wednesday, February 24, 2010

Geithner overrules the Volker rule

Treasury Secretary Tim Geithner is quietly blocking a provision in the proposed financial reform legislation that would have ended banks' ability to speculate for their own accounts.

This means more Americans will have to pay higher prices for food and fuel, even though they are already stretched to the max without jobs.

Geithner is an agent of Wall Street banks and their should be a citizen uprising that sends a clear message to Obama to remove him immediately!

Read story here.

1 comment:

googleheim said...

The message is already sent but submlimed.

Obama had to use every trick in the book to get the healthcare reform passed.

The tea party would agree with Geithner !

Therefore, Obama is letting Geitner do this as part of deal cut to get healthcare passed !!!

We'll get free? healthcare but really we will be forced to buy healthcare and pay higher food and gas to boot.