Fantasy: Gingrich ask for Geithner’s head

The true and patriotic nature of Newt Gingrich makes him feel duty-bound rolling up his sleeves helping to turn this country around. From his background in History, he sees the massive iceberg our ship is heading towards with all hands on deck and he fells he has to make the Clarion call.

He feels he has to do something! He feels his embarrassment to his party by messing into the internal affairs of the Democratic Party would be justified in the final reel and just might help his Republican Party in 2010 and 2012 . Like a moth to the flame, so he feels his patriotic duties. It sickens him to say or do nothing.

As he reaches for the telephone, he mumbles something about showing Obama some big time Washington bi-partisanship!

Eliot Spitzer, William K. Black and Frank Partnoy
Posted: January 7, 2010 06:52 PM
Excerpt:
The emails today detail the efforts of the Fed to suppress the disclosure of payments made to banks such as Goldman, Sachs Group for reimbursement of their credit-default swap exposure. When the Treasury Department stepped in, AIG had at least $440 billion in credit-default swaps outstanding. The Fed, led by Tim Geithner, paid Goldman, Sachs Group and other banks 100 cents on the dollar for these instruments rather than negotiating a lower rate closer to the actual value, (estimated by some to have been as little as 20 cents). In testimony to the Congressional Oversight Panel, Tim Geithner insisted it was necessary to make these payments in full, arguing that even a small downward negotiation would prove catastrophic to the financial sector. Elizabeth Warren, head of the oversight panel, has repeatedly challenged this assertion.
Read more at:
http://www.huffingtonpost.com/eliot-spitzer/tip-of-the-iceberg_b_415495.html

As always,
BB