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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAfter Long Career Bailing Out Big Banks, Obama Treasury Secretary Tim Geithner Now Runs Predatory
From the article:
After a lengthy government career defined by his central role in bailing out predatory Wall Street banks as former President Barack Obama's Treasury Secretary, Timothy Geithner appears to have found his true calling in the private sector, where he now heads a large financial institution that exploits the economic struggles of poor Americans for profit.
As president of Warburg Pincusa major New York private equity firmGeithner helps manage a lucrative predatory lending outfit called Mariner Finance, which mass-mails loan checks to low-income Americans, hides exorbitant interest rates in the fine print, and quickly sues those who fail to repay the loan and interest in time, according to a detailed Washington Post report published late Sunday.
To read more:
https://www.commondreams.org/news/2018/07/02/after-long-career-bailing-out-big-banks-obama-treasury-secretary-tim-geithner-now?
RandySF
(59,221 posts)guillaumeb
(42,641 posts)Or should we simply ignore what we do not like to read?
bettyellen
(47,209 posts)You left that part out, is it in there?
guillaumeb
(42,641 posts)history of US politics and capitalism.
bettyellen
(47,209 posts)But yeah, someone took a job with a corporation- so theyre the devil.
This serves as RW propaganda. You must be proud.
guillaumeb
(42,641 posts)Should we ignore what we do not like to read?
whathehell
(29,090 posts)Please relax.. Being automatically defensive of anyone Obama cinnected is really unnecessary...You might recall that many here didn't like Geitner from the start.
bettyellen
(47,209 posts)And I think they mislead a whole lot of people. Not a big fan of anti-Dem clickbait. Some people live for it.
whathehell
(29,090 posts)It was anti- Geitner.
Geitner IS a wall street Republican. Just because he worked in Obama's administration, it doesn't mean he can't be criticized, especially after he's left that administration.
bettyellen
(47,209 posts)To me, makes it clickbait. I know too many people who dont make it much past the headline, and so the choice to manipulate them is noted.
Maven
(10,533 posts)FOH with this.
guillaumeb
(42,641 posts)But the article does not support that leap. Should we instead ignore what we find inconvenient?
theaocp
(4,244 posts)There were other options and everyone can learn from appointing the wrong people.