Geithner Must Go, and So Should Bernanke...

For anyone who watched the Congressional hearings yesterday, the primary impression that you should have been left with is that the bailout of AIG was engineered specifically with the intent of using Taxpayer money to bail out the big banks who had enormous, reckless financial exposure to AIG.  Specifically Goldman Sachs. 

Secondarily, it should be obvious that Tim Geithner AND Henry Paulson should NEVER have been allowed near the office of the U.S. Treasury, let alone been anointed Secretary (all of this is notwithstanding the fact that Geither's appointment should have been pulled by Obama the instant it was announced that Geithner cheated on his taxes deliberately and over more than one year). 

Having said that, here is what is readily apparent:  This whole thing is a lot more corrupted and the cover-up a lot more profound than we'll ever know unless we get full transparency. Full transparency might lead to some big indictments, like Blankfein and Paulson, the latter of whom would've been Goldman CEO when a lot of those AIG CDO's were structured. One wonders if part of Paulson's agenda in taking the Treasury job was to be in a position to help bailout GS if needed....Anyone happen to notice that when Paulson was asked tough questions that required him to evade the truth that he turned into a complete stuttering fool? He issued his opening statement with absolutely no indication of a speech impediment and when Burton and that kid from Ohio got ahold of him, I could barely understand him thru his stuttering.

Looming in the background, and something which has not received the media attention that it deserves - that is, it should have been placed first and foremost at the top of every single news broadcast yesterday, including Obama's "no hope/just cope" speech - is the FACT that several Congressmen have seen direct evidence that Banana Ben Bernanke BURIED a recommendation by the Fed that AIG be allowed to fail, before any bailout plans were implemented.  Please re-read that if it didn't cause you to fall off your seat the first time.  For that reason alone, the Senate shouldn't even be voting on Bernanke's confirmation.  Rather, the insanely corrupted Ivy-league academic should resign and an investigation opened.

And one last point.  It was very apparent that based on yesterday's testimony, if it wasn't already for everyone paying attention, that Goldman Sachs has literally taken over every important role at every important layer of Government.  And if you don't believe that after hearing yesterday's questioning and testimony, especially from Marcy  Kaptur and a few others, then take a look at this piece posted by http://www.clusterstock.com/ which lists the biggest Democratic donors and where they made their money - 10 of the top 15 donors to Democrats made their loot at Goldman Sachs:  GOVT SACHS