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Tuesday, November 17, 2009

Federal Job Requirements: Corruption and Incompetence

http://www.guardian.co.uk/business/andrew-clark-on-america/2009/nov/17/aig-timothy-geithner
Geithner in the doghouse over AIG debacle

When the United States government gave bail out money to General Motors, it required Government Motors (GM) to replace their C.E.O.

When the United States government gave the bail out money to Wall Street giant A.I.G., the government didn't bother asking for any concessions. After the initial funds were not enough to prevent failure, the government gave additional funds to A.I.G.

This is the kind of planning that our country needs to rescue the economy. Fortunately Timothy Geithner was the lead negotiator for that fiasco. And Timothy Geithner is also an experienced tax cheat as well. Which makes him very qualified to head the United States Treasury to insure this kind of thing happens again. And again.

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