“For all the fear-mongering we hear out of our politicians on the right about how heaven forbid we’re going to turn into Greece, the one country you never hear them talk about any more is Iceland. The reason they don’t is, as Cenk Uygur explained on his show this Tuesday, they took a different path than the United States after their financial crisis and nationalized the banks, threw some the people responsible for the crash in jail and bailed out the homeowners instead of worrying about only bailing out the banks. And now they’re coming back and their economy is growing again…”.*
*Read more here from Heather at CrooksAndLiars.com: http://videocafe.crooksandliars.com/heather/cenk-uygur-asks-if-united-states-…
New York Daily News columnist and Democracy Now! co-host Juan Gonzalez reports the Treasury Department has approved payouts exceeding $5 million for 49 executives at firms that most benefited from the Wall Street bailout. The executives’ pay came despite the $500,000 salary cap established under the Troubled Asset Relief Program (TARP).
Treasury Secretary Timothy Geithner described the nation’s financial crisis as “deeply unfair” to average Americans Tuesday, during an interview with Rachel Maddow. Geithner told Maddow that because of American suffering, he felt a “deep sense of responsibility” to reform the nation’s financial system:GEITHNER is a joke.