3:42 pm, July 11, 2014

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  • Allow Me To Translate
    Buffalo Bob
    Translation: Geithner (ex-NY Fed Pres) does not want any banks to swallow the loss on the risky loans that they made to Greece and Italy. Instead, Geithner wants to make the taxpayers and holders of paper currency swallow the loss. Obama is an over-educated idiot. He probably doesn't understand what Geithener is talking about. Well, excuse me if I think the banks should tke the loss on their malinvestment, just as much or more so than anyone else who makes a bad investment. The banks had thought they would be paid a handsome profit on these risky loans. If the banks had made this hoped-for profit, they wouldn't have given the taxpayers anything.
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