Friday, May 08, 2009

TIME magazine ALL BUT ADMITS that Geithner's "Stress Test" is a shell-game Fraud... but simultaneously PLAYS PARTY TO the bigger "BAILOUTS" fraud!

Note TIME magazine's clever headline from this week's edition, which tends to SUGGEST that TIME is being CRITICAL of the Bailouts, and of Obama Treasury Secretary Tim Geithner's anemic "Stress Tests" -
Stress Tested: Has Geithner's Bank Confidence Game Worked?
By Massimo Calabresi
TIME, Washington DC, Friday, May. 08, 2009
http://www.time.com/time/politics/article/0,8599,1896825,00.html
"Confidence Game" of course being an allusion to a "CON GAME," wherein a "confidence man" like BERNIE MADOFF cons victims into handing over their cash, to never see it again....

BUT! We must note that, in typical NY/DC "major media" Neo-Con media-whore fashion, TIME itself is party to the massive "BAILOUTS" cover-ups, whitewashes, & misinformation:
Right there in the first paragraph, TIME declares that "Tim Geithner's biggest challenge has been restoring confidence in America's fragile banks without taking the politically costly step of asking Congress for more money."

Now, a NORMAL person might think, "IF MASSIVELY FRAUDULENT ACCOUNTING, OVER-VALUING of 'assets,' and hiding BILLIONS of dollars in LOSSES, OFF the books, were the ROOT of this economic crisis, then perhaps CORRECTING those FRAUDULENT and SECRETIVE accounting failures, might be MORE important - a more important, if not BIGGER 'CHALLENGE' - than trying to restore 'confidence' on a foundation of accounting & financial Quicksand."
But the Neo-Con TIME editors("neo-conservatives," as in radical, reactionary right-wing big-business, pro-war, and pro police-state establishment authoritarians, who MASQUERADE as "moderate" or even "liberal" middle-of-the-road populists) , like their Neo-Con lying cohorts at the NEW YORK TIMES and WASHINGTON POST, LOVE having the US government hand TRILLIONS of TAXPAYER "bailout" dollars directly to the corporate kleptocrats of New York & Wall Street, (via their bought-and-paid for US congress-critters in DC), which is how TIME can assert that Geithner is RUNNING "A CONFIDENCE GAME" in the headline, while PROPPING UP that "CON-GAME" racket in the very next (first) paragraph!

TIME, in a TEXT-BOOK example of neo-con media-whore "reporting," writes: < From his earliest days as Treasury Secretary, Tim Geithner's biggest challenge has been restoring confidence in America's fragile banks without taking the politically costly step of asking Congress for more money. To judge by the results of the government-run stress tests released Thursday afternoon, Geithner has somehow pulled it off — at least for now. >
TIME could, for example, deign to INVESTIGATE _JUST HOW MANY BILLIONS IT HAS BEEN_ that the US Congress has DISHED OVER to the Wall Street moguls via Paulson, Geithner, the Fed, and the US congress-critters, but THAT would be REAL reporting... something the Neo-Cons SCORN and DESPISE.

Really, god should be ASHAMED of hisself. In a world based on 'reality,' NO writer or editor of a major paper or 'news' magazine should be allowed to write A SINGLE WORD on the BAILOUTS and economic recovery efforts, without knowing THE EXACT AMOUNT (rounded to the closest $100 BILLION, anyways) of the US taxpayer rescues of Wall Street and the Big Banks to date - but of course, EXPECTING THE EDITORS & writers of TIME magazine to ACTUALLY KNOW WHAT the hell THEY ARE TALKING ABOUT, ("how much it will REALLY cost to bail out these failed banks?") is just a bridge too far.

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