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Government Motors – Maybe China will Take Cars

government-motorsNote to Messrs. Bernanke and “Tax Cheat” Timmy Geithner:

Now that your bond auctions are failing due to the Chinese not wanting anymore US Toilet Paper Treasury Bills, maybe you can start auctioning off cars and trucks.

You can offer the same financing you have given to the criminal banking syndicate: no money down, give us paper for collateral and keep the car for as long as you need, no payments necessary. And for the warranty you give the “Tax Cheat Timmy Geithner Warranty”: You will receive lifetime, unconditional repairs, even if you drive your vehicle off a cliff, we have you covered (forever).

From a recent Charlie Rose Interview:

CHARLIE ROSE: All right. So you’re confident that these banks will be able to go raise this capital over the six-month period.
TIM GEITHNER: I’m reasonably confident. And they have a range of ways they can do it.
CHARLIE ROSE: And if they don’t?
TIM GEITHNER: If they don’t, they can come to us and we’ll provide it.
CHARLIE ROSE: The government will provide it.
TIM GEITHNER: That’s right.

This is crazy, I can’t believe the guy is saying this on national television.

You see, banks can drive their car off the cliff with out-sized risk, fraud and mismanagement and the government (you the taxpayer), will “take care of it”. Now that’s what I call a warranty!

Link to Charlie Rose/Geithner Interview

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May 7, 2009 Posted by | General | Leave a comment