Former Obama era, treasury secretary, Tim
Geithner has found a new job.
His job, no surprise is ripping off poor people
for a profit.
Well, we've always known this about Geithner.
He comes up through the, you know, he comes
up through the ranks of Bill Clinton.
You know, he's bill Clinton's boy.
I can't count the number of pictures with
big Bill and his, his, his arm around his
little Tim Geithner.
And so all of a sudden we learn exactly what
we knew about the guy.
He was all about Wall Street at the time,
the entire time he was working with Obama,
at the time, entire time he's working with
Clinton and now he has this job.
And the job is to figure out how we can extract
as much money as possible from poor people.
With, it's, it's basically a weekend lending
kind of program, isn't it?
It is.
This Mariner Finance that he's running is,
it's part of his Warburg Pincus group that
he's the president of.
But what it is, Mariner Finance is essentially
payday lenders in a suit and tie.
Your average payday lender, if you see those
buildings, they're not very clean.
They're not very nice looking, but Mariner
comes in and they're dressed in suits.
They look like a bank, but it's the same horrible
30, 40, 50% interest rate.
But unlike the payday lenders who usually
top out at about a thousand dollars, they'll
give you a lot more than that.
And then they will immediately sue you if
you miss a payment.
This is payday lending on steroids, but it's
gone under the radar because again, it's in
a suit and tie.
They look like a Wall Street bank.
They act like a Wall Street bank.
They are a Wall Street bank.
This is just a way for them to get in on the
action and Tim Geithner, Obama's guy, the
guy that used to basically run the economy
at the, he's running this show.
Okay.
And we were back then...
Do you remember we were beating on Geithner?
Yeah.
We were beating on Obama.
We were beating on Clinton.
We covered these stories way back then and
we said, this is becoming the face of the
democratic party.
And we said back then, if they keep this up,
they're going to have nothing in common with
America's voters.
Nothing.
So now where are we?
Now, it's almost like they've given up.
Okay, well we're, we're gonna be, we're gonna,
we're, we're gonna be who we've always been.
So Tim Geithner goes to work with these thugs.
They are corporate thugs.
They don't look like thugs.
They don't, you know, they say, well, you
know, if you're in a hoodie, that's a thug.
But we're in a, we're in a suit.
We're not thugs.
Tim Geithner is a thug and has always been
a thug.
He's always been on the side of Wall Street,
always from day one.
And it's like every time you talked about
him, you remember the emails we used to get.
How dare you talk about little Tim Geithner?
Who was the other guy? Geithner and...
Summers.
Summers.
Yeah.
Okay.
So Geithner and Summers were like twiddly
dee and twiddly dumb working for Wall Street.
Summers is working for Wall Street now.
There's no surprises here, man.
But you know what, I guess what's agonizing
to me is when we used to talk about this,
they'd say, oh no, you're making this guy
look worse than he is.
And we have to, and even though, even though
we know he's bad, you still have to, you have
to be positive.
Because he's a democrat.
Because he's, Obama's guy.
Yeah.
We got those messages constantly.
That is not an exaggeration.
People would tell us, yes, everything you're
saying is true, but stop saying it because
it makes him look bad.
Leave the democratic party or get it straight.
That's my message.
Leave the damn party or get it straight.
Right now, unfortunately, between Republican
Democrat, it's slightly the best selection,
but it ain't much of a selection.
They're not there, there's no differences
here.
This guy's much a Republican as he was back
when he was with the Obama administration.
Right.
And, you know, one of the exceptionally ugly
things that this Mariner Finance is doing
under Tim Geithner's leadership is they're
actually openly soliciting people to come
in and take out these massively inflated loans.
And that is something, even the payday lenders
don't do.
This should be criminal.
Right now, there are trillions of dollars
in home equity.
Okay, now follow this.
There are trillions of dollars sitting out
there in home equity, just like we saw in
2008.
This kind of Tim Geithner predator, they're
that money, they are after that money and
they're going to figure out a way to do it.
