The 50 Billion to Help Homeowners was just “Foaming the Runway for the Banks”

Neil Barofksy says on “Morning Joe” that Geithner said that the Treasury Department’s housing policies were “Foaming The Runway For The Banks” (July 24, 2012).

The Strange Story of Christian Paetsch or The Bee Keeper, the Police Chief and “Investigative Detention”

by Scott Creighton

It’s June 2nd 2012 and a bright sunny day in Aurora Colorado. Forty people are surrounded by cops with shotguns drawn at the intersection of  E. Iliff Avenue and S. Buckley Road, they’re handcuffed and sitting in the hot sun on the pavement while the police and the FBI’s Rocky Mountain Safe Streets Task Force search everyone’s car, one by one.

Children are being reassured by their cuffed parents that mommy or daddy didn’t do anything wrong while some uniformed stranger rummages through their possessions in the back seat of the family car. Appointments are missed, people are inconvenienced, and the police chief in the end claims that the ends did justify the means because he got his man.

Aurora police Chief Dan Oates, who would later gain much more publicity, claims that what they did was called an “investigative detention” and that it was justified to catch a very dangerous bank robber, former music teacher and community theater thespian, Christian Paetsch, who dressed up in a bee keeper’s outfit and robbed a local Wells Fargo at gun point just a little while earlier.

According to the story, Paetsch robbed the bank taking $25,000 in cash and a GPS tracking device along with him.

He left the bank on a bicycle.  A 45 year old music teacher, in the hot Colorado sun, dressed in a bee keeper’s outfit, lugging 25 grand in a bag, carrying a gun,  peddled down the street in broad daylight. Any questions?