"You Can't Handle the Truth"

Tim Geithner gets to play the Jack Nicholson part here but you can be sure that he won't be getting any Academy Awards. Oddly enough, the American people would like to find out where AIG's almost $1000 per person is going, but Geithner et. al. really, really, don't want to tell us.

So what are Obama, Summers and Geithner so afraid of? There is some speculation that it's because a lot of the money is going to Goldman Sachs, but I suspect that a more likely recipients are a whole raft of European banks. Maybe, just maybe, the American people would not be too happy to know that they were investing the price of a nice LCD HDTV (for each man, woman, and child) in propping up European banks that made some unsound investments.

So why do Obama, Summers, and Geithner think it's necessary? the argument is that an AIG default would set in motion a chain reaction of bank failures that would bring the whole international economy down. There is a good chance that they are right.

Like the Colonel says, "You can't handle the truth."

If Congress really wants the answers, though, they just tell Obama "Not one cent until we get the story." I suspect, however, that the leadership is in on the scam. If the Repus wanted to fight I suspect that they would have no trouble finding enough Democrats to go along.

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