"So I think the reason that the newspapers are going quiet on this is the Fed broke the law. And it wants to continue breaking the law. And that's why these Wall Street banks fought so hard to get the current head of the Fed reappointed, [[Jerome Powell|[Jerome] Powell]], because they know that he's going to do what [Timothy] Geithner did under the Obama administration. He's loyal to the New York City banks, and he's willing to sacrifice the economy to help the banks."
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People from New York CityEconomists from the United StatesJohns Hopkins University alumniUnited States Secretaries of the TreasuryGovernors of the Federal Reserve
Original Language: English
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Michael Hudson, quoted by Ben Norton, in Economist Michael Hudson explains inflation crisis and Fed's secretive $4.5 trillion bank bailout, Geopolitical Economy Report Subtitle: Economist Michael Hudson discusses the global inflation crisis and how the US Federal Reserve quietly (and apparently illegally) bailed out big banks in 2019 with $4.5 trillion of emergency repo loans (8 Jan 2022)
https://en.wikiquote.org/wiki/Timothy_Geithner
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Timothy Geithner
Timothy Franz Geithner (born August 18, 1961) is a former American central banker who served as the 75th United States Secretary of the Treasury under President Barack Obama, from 2009 to 2013. He was the President of the Federal Reserve Bank of New York from 2003 to 2009, following service in the Clinton administration. Since March 2014, he has served as president and managing director of Warburg Pincus, a private equity firm headquartered in New York City.
6 quotes on TrueQuotesView all quotes by Timothy Geithner →
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