Quote from wmb:
If you donât have a balanced view you get a biased view and it becomes an unobjective view.
"On 10/27/09 it was reported by Bloomberg news that "geitner arranged for goldman sacs ,societe generale, and deutsche bank to receive full payment on credit default swaps they had purchased rather than 40 cents on the dollar insurance giant aig proposed. This has cost the American taxpayers at least approximately 13 billion dollars at the time of the deal. Due to the decrease in value of these deritives it is now estimated that the total cost of bank favoritism is at least 35 billion dollars to the American tax payer. This deal contributed to the more than 14 billlion dollars that over 18 months was handed to Goldman sacs , whose former chairman , Stephen Friedman, was chairman of the board of directors of the new york fed when the decision was made."
Tim geitner was head of the new york fed at the time. I m not positive but i''l agree that it doesnt appear that geitner worked for gs but i beleive he did an internship or something for them . i stand corrected. However , he has worked with everyone that has worked for gs ,im sure you could see how we could get confused.