bindlepete

Congressman Grayson: SIGTARP Report Shows Danger of Secret Bailouts

He is a Committee Member that is driving his Chairman Barney Frank bats--t. Nice to have Mr. Grayson around and perhaps we will be blessed with a corrective coronary for Barney. Just a little wake up call for the co conspirator of Hank Paulson.

Public Passion Drives Pay Czar to Arbitrarily Slash 175 Top Salaries

The bigger scam ?

Lets look for low interest loans in lieu of pay and bonuses which will be forgiven when the heat is off. This defers taxes on the cash until tghe loans are forgiven down the track.

As I REMEMBER GS GAVE THESE LOANS ABOUT A YEAR BACK TO CARRY OVER THEIR BONUS FREE EXECUTIVES. I WONDER IF THEY HAVE BEEN FORGIVEN?

Analyzing Larry Summers

This is post facto fancy dancing to justify a host of major self serving decisions. Greenspan and Clinton started the mess and all to promote their own personal agendas. Rubin and Summers piled in and though their system of market discipline would balance it all out.

But no one was watching the store so Moody's and S&P went along for the buck, the risk of Investment Bankers was transferred to the guaranteed banks derrivatives cma into big time play for other peoples money and personal rewards the BLS took a dive and continued to pervert the statistics. Home mortgages and ownership became a right and then on=ce trouble was snesed forts with LTCM's bail out for fun and friends the blood was in the water and the real sharks came to feed.

HP and his home base GS smelled the blood and bought the oversight gang with threats of catastrophy and threw Basel II out the window and stuck old Aunt Mini with the Bill.

Talk about a "Death Panel" the Rebublicans invented it as they condemned her to a life time of Wal Mart Greeting. with theft and the perversion of the CPI.

Hey there is no end of villians but one honest man left standing- regretably outside the door- Paul Volker.

Seething Over Liddy's AIG-Goldman Connection

The Goldman Sachs AIG relation ship is as crooked as you could imagine. Has any one for instance done a forensic analysis of the Claims GS had for the 12.9 billion they took in when AIG was saved by a prime benefactor? Were there any side letter on these claims?

AIG was know for this scam in the past and I surely could see GS with Hank Paulson's knowledge, buying some CDS from AIG before the failure. What were the dates on those CDS? anyway.

Just because Daddy Warbucks or Darth Vadar was planning on bailing them out along with Bernankee and Geithner and who else was there? You got it - Lloyd the lumpkin. Nice little band of feather my nest buddies.

Now Liddy the Board member and 41 CEO is dancing in the dark? Too big for me to control. Look at what I did for Allstate not a stellar recods there.

And now, becuse many knew of the scam here are the Banks taking a deep swig from the AIG trough to report first quarter profits as if the change in accounting standards were not enough.

Makes one sick and I hear AIG is still selling CDS's.

The AIG/Bank Counterparty Scandal Escalates

Barney and Company continue to dance to obscure the real history of all of this AIG scam.

Hank took the money with the current Goldman Sachs frontman in violation of any ethics imaginable.

Barney knew of this from the get go but did nothing until the truth was forced out. Now he is trying to cover his waste like a cat but it all still smells. Geithner stood idly by being a good boy along with Bernanke. Who, me??

A violation of their respective oaths to serve the people of the US. Personal service before public service. Some one should pass them a service pistol with one in the chamber. British tradition.