I’ve been under the weather the past few days but this blurb on the taxpayers getting the billion dollar shaft courtesy of Tim Geithner and the CIT bankruptcy did not escape my notice. As a SBA loan recipient I can attest first hand my file literally employed 2 workers for 12 weeks while Uncle Sam took security interest in everything I owned but my left testes (I drew the line there as a guy has to keep some dignity) yet CIT manages to get signature only terms from Timmy Geithner on the billions in TARP funding they received.
It was while I pondered the discomfort from having our collective financial rear end gang raped without benefit of vaseline on this CIT deal that it struck me the reason for Timmy’s incompetence has been well documented once before several years back in the media. Luckily for the Slabbed Nation I was able to dig it up via youtube. Continue reading “CIT, Timmy and the Lords of the Underworld”