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Nofsdad
Joined: 06 Jul 2003
Posts: 8380
Location: Central CA
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Posted: Tue Jun 02, 2009 1:09 am Post subject: Obama's band of merry thieves?
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For eight years I railed about the thieving lying reptiles that GWB appointed to look out for our interests. Now we have a new administration and a whole new nest of snakes to talk about. And the fact that most of them are Democrats this time just makes me more sure than ever that this country might as well roll over, light a cigarette and try to enjoy the afterglow because it is well and truly screwed.
Why did Goldman Sachs, Citigroup and Morgan Stanley steer millions to a company Larry Summers directed while he administered "stress tests" on them?
No fair peeking at the answer now... was it:
A. Because he's a fricking crook
B. Because he's a fricking crook
C. Because he's a fricking crook
D. All of the above
If you picked D you won... well... nothing... but you did show yourself to be an astute observer how things work in our government where "I'll scratch your back and you give my company 42 million bucks.", is the basis on which you, the OTHER 99%, are bought, traded and sold by the one percenters.
I've given up. You could take every swingin' whatever in Washington, put them in a room with every swingin' whatever on Wall street and the whole fricking bunch of them combined couldn't raise an ounce of honesty or integrity among them.
It's as if they're dredged up the essences of every crooked robber baron and politician that ever lived, boiled it all together with some bat wings, a lizard tale and the eye of o newt and mainlined it straight into their fricking brains.
| Quote: |
| The fact that the banks invested in the company just a few months after Summers resigned suggests the appearance of corruption, because it suggests to other firms that if you hire Larry Summers onto your board, large banks will want to invest as a favor to a politically-connected director. |
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| Last month, it was revealed that Summers, whom President Obama appointed to essentially run the economy from his perch in the National Economic Council, earned nearly $8 million in 2008 from Wall Street banks, some of which, like Goldman Sachs and Citigroup, were now receiving tens of billions of taxpayer funds from the same Larry Summers. It turns out now that those two banks have continued paying into Summers-related businesses. |
http://www.salon.com/opinion/greenwald/2009/04/04/summers/index.html
How the hell does a public servant... in a position whee he is supposed to be keeping major banks from ripping us off... "earn" 8 fricking million dollars from those same fricking banks???
As usual there's a lot more info at the link if you're interested but the point is that anyone who thinks things are magically going to smell better simply because we traded a bunch black skunks with white stripes for a bunch of white skunks with black stripes is seriously delusional and probably a danger to himself.
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dictators_rule
Joined: 08 Jul 2003
Posts: 6300
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Posted: Tue Jun 02, 2009 3:53 am Post subject: an essay/bluebook exam
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Don't these politicians understand CONFLICT OF INTEREST with the best interests of the public takes precedent over their personal business.
Ooops forgot. Their personal business is THEIR priority even more priority than a chance to serve your country and possibly make a difference with more than your pocket book.
What's even worse is that these banks went ahead with these payoffs/investments which puts them in the line of fire. I guess the stress of the stress test made it too hard to pass.
Perhaps the stress test should've been a multiple choice test.
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mdovell
Joined: 22 Dec 2007
Posts: 461
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Posted: Tue Jun 02, 2009 1:39 pm Post subject:
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The thing that gets to me is that I thought it would take longer for the honeymoon effect to be over. Heck Alex Jones already cranked out a movie on this called the Obama Deception.
On a side note Summers has a very odd if not perplexing record
http://en.wikipedia.org/wiki/Lawrence_Summers
So him and Ken Lay of Enron tried to tell Governer Davis of california that the energy problem was the governments fault? what?
He also promoted the repeal of the Glass Segal act that ment that insurance and banking industries could be linked together.
His reputation at Harvard wasn't the best obviously. I remember when the sexism alligations bubbled up in 2005.
It isn't so much as to that he did all this but WHY would Obama pick this man to be in his cabinet?
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Nofsdad
Joined: 06 Jul 2003
Posts: 8380
Location: Central CA
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Posted: Tue Jun 02, 2009 2:57 pm Post subject:
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I also thought the honeymoon might go on a bit longer but when he appointed Geithner and Summers to be his financial/economy guys I began to think that just maybe we weren't going to see ALL the changes we were promised and that I might actually have been left at the altar.
In regard to the economy, I don't see anything happening but a continuation of the previous eight years of total failure as far as the 99% is concerned exacerbated by the handing over of trillions of damned dollars to the very people... the other 1%... who did it to us in the first place.
I'm becoming reasonably sure that the only reason we have two parties in this country is because there are only two types of people in politics... the ones who HAVE the jobs and the ones who WANT the jobs and before you can convince Joe Sixpack to vote for you instead of the other guy, you have to convince him you have a different agenda, otherwise, why would he bother?
In the long run... as is being proved by MR. Summers and Mr. Geithner, it makes no difference which one you pick... serving YOU is the last fricking thing on their minds. The people I have little patience with are the ones that try to pretend it wasn't going on during the last administration too. 80% of what's happening today had its genesis in the Bush years and the other 20% goes clear back to Reagan. And yes, we had eight years of Clinton tucked in there too. I'm not forgetting NAFTA or any of the other crap.
If America had balls... or if the majority of the people weren't so busy consuming and trampling on the next lower link in the food chain to get more of the crumbs the fat cats sprinkle to keep us at each other's throats and otherwise occupied... they would vote the whole stinking, oozing mass in DC ... Democrat, Republican or what hell ever... out of office and start all over from scratch.
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mdovell
Joined: 22 Dec 2007
Posts: 461
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Posted: Wed Jun 03, 2009 12:24 am Post subject:
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Geithner is funny/sad as when he first went to congress he actually said he had no plan. How someone can get called up to congress and actually say he hasn't made a plan yet!
And now students in china are even laughing at him reguarding our own bond value!
http://www.reuters.com/article/usDollarRpt/idUSPEK14475620090601
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Calapso
Joined: 26 Aug 2008
Posts: 306
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Posted: Wed Jun 03, 2009 5:13 pm Post subject:
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China's economy itself is so intertwined with our own that they can't afford for the dollar to tank. They own too much of our debt, and a lion share of thier trade is to us. If the dollar tanks, so do they.
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Nofsdad
Joined: 06 Jul 2003
Posts: 8380
Location: Central CA
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Posted: Thu Jun 04, 2009 12:25 am Post subject:
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We've still got more to lose than they do... they were already a socialist dictatorship... we'll get to become one.
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