Tuesday, November 3, 2009

Geithner And CIT

Over the week-end CIT announced bankruptcy. Timothy "tax cheat" Geithner, Secretary of the Treasury, gave the go ahead for their $2.3 billion dollar bailout. Don't know what CIT does? Okay, they provide 70% of the loans to small businesses. Since small business makes up at least 70% of the businesses in the country this is a real bad sign for the future. This is going to lead to a trickle down effect. Just watch the next lender to go down. It's way to late to chastise Mr. Geithner. What we should do is forget a trial and send him to jail.

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