The Geithner Plan … Who’s buyin’

Where to begin? We are disturbed by a recent video posted by Barry Ritholtz of The Big Picture fame and fortune and we thought we should make mention of it. We are doing so mainly because it jives with something we read about a week ago:

 

nypost2

DOUBLE-DIPPERS

CITI, BOFA BUYING BACK LAUNDERED LOANS AT LOWER RATES

 

By MARK DeCAMBRE

March 25, 2009

As Treasury Secretary Tim Geithner orchestrated a plan to help the nation’s largest banks purge themselves of toxic mortgage assets, Citigroup and Bank of America have been aggressively scooping up those same securities in the secondary market, sources told The Post.

 

Granted, this is NOT from the most well-respected source of business news on the planet, but we think the story in combination with the following video, at the very least, lays the groundwork for a very good conspiracy theory. And you know how much we love a good one of those, eh? Anyways, the following video attempts to break down The Plan and while it IS just over 12mins, we think it’s well worth it. About ½ way thru, though, it starts to sound like a visual of the NYPost article above. GREAT STUFF:

Things that make you go HMMMMMMMM????????!

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