Tag Archives: Contempt

Billionaire Bloomberg to America – “Suck it up”

By Numerian posted by Michael Collins

What is it with these billionaires, lecturing us to “suck it up” if we don’t like the bailouts? A few months ago it was Charlie Munger, co-founder of Berkshire Hathaway and sidekick to the better-known Warren Buffett, who said “we shouldn’t be bitching about a little bailout”, and people facing financial troubles should just “suck it up and cope.” Back in September when Munger was speaking, we didn’t know just how little the bailout was, but now that the Federal Reserve has been forced to divulge details of its six bank emergency financing vehicles, we discover that over $3 trillion in taxpayer money was delivered to US and foreign banks, companies like General Electric, mutual funds like PIMCO, and a few individuals, some of whom happened to be billionaires like Charlie Munger. (Image)
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Today’s portion of contempt from Geithner & Co

Trained Seals

By Digby

March 9, 2010        OurFuture.org

According to Sam Stein members the Treasury Department, including Tim Geithner himself, met with a group of progressive bloggers yesterday to tell them what a good job the administration’s done all things considered, but that now they need to get the voters all charged up to help them pass a tepid financial reform bill. This is part of a larger public relations offensive to rehabilitate Geithner and the Obama economic policies:

Earlier that morning two lengthy profiles of the Treasury Secretary were published in the New Yorker and the Atlantic respectively. There too, Geithner was cast (or, perhaps, cast himself) in the role of the humble victim, doing the bidding of the country at the price of personal reputation.

“We saved the economy,” he told the New Yorker, “but we kind of lost the public doing it.”

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