Tim Geithner, still shilling for banking status quo, calls loan modification program a "success"

In reality, the program is so forceless that even the House Oversight committee is calling hearings on it. (Banks, despite all the trillions funneled their way, are simply giving underwater mortgage-holders the finger - and then laughing at them).

Nine-plus months since the Obama administration did jack-squat in supporting Richard Durbin's attempt to get vital mortgage loan modification cram-down legislation passed.

Tim needs to go, like yesterday.

Between him and Spitzer, I don't know which one wants him gone the most! I know some here don't like Ratigan, but I happen to think he's just a person who wants to level the playing field and rarely does a day go by that he doesn't call Geithner out!

No love lost for Summers either! Don't know what Ratigan's politics are, but seems to be an equal opportunity player! But leans toward ridding this country from Corporate Communists as he calls them!

Good enough for me though and I can support his feelings!

Which makes me scratch my head.

He was for the Public Option on his show, and has been pro-wall street reform. He may not support the President's ideas and call them weak here and there, but most of his rhetoric is directed at the House and the Senate...with a little left over for Ben and Tim.

When he yelled at Wasserman Schultz, I was laughing, because some of the same posters outraged over the incident, were lets just say, not big fans of Debbie in 2008.

to argue for arguments sake. I've posted opinions here that I would say are simplistic in nature and get jumped on "regardless" of what I say. One little sentence is attacked like a piranha and I for one refuse to respond because it seems a bit childish to me.

I'm not one who has the time, nor do I research the internet for every little piece of information to stick in the face as a retort! I try to state my point of view and am finding that trying to reply will ONLY BRING more abuse and snide remarks. Perhaps it looks weak to others, but my views are my views, and I'm not opposed to changing my mind when I feel I've been wrong.

Still, Ratigan hasn't done anything that has caused me to call him out as a Right Wing Nut Job! I truly don't know where his political leanings are, but I have learned a lot about economics and I DO feel he has been in the trenches with many of these guys and has some very valid points of view to share!

Do I agree with everything, certainly not, but on the whole I appreciate what he's trying to do, which is to shine a light on some very serious wrong doing! Plus, I feel he knows more about Geithner et al than I and he's not afraid to say it! For that I give him kudos.

I KNOW where it came from. But then again, that may not be the case! Seems like it though.

not to mention bringing all the scam artists out of the woodwork.

11 months ago, they were willing to say oops, they dropped that tactic a month later.

to modify these loans. Most of the time they just cant follow their own paper trail. The loans have been sliced and diced sold and re-sold in packages.

The government has shown they will be saved no matter what.

The government will give them free money to cover losses, and allow them to continue to have a claim on the assets that hey sough recovery from for being devalued.

Nifty excuse. Totally laughable. They can follow it, but it leads in a hundred directions, on purpose. Another reason to abolish securitization. They will always find a way to scam the little guy.

some insurance co is on the hook for the package... In he end, tax money bails them out. Circular firing squad. Congress needs to act to do something.... Like force cram downs and modification...

This wasn't supposed to be the Madoff Administration.