Return of the Wall Street Hustler's

Discussion in 'Politics' started by BlackAsCoal, Nov 26, 2008.

  1. BlackAsCoal
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    BlackAsCoal Gold Member

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    Maybe Ralph Nader was right in predicting that the same Wall Street hustlers would have a lock on our government no matter which major party won the election. I hate to admit it, since it wasn't that long ago that I heatedly challenged Nader in a debate on this very point.

    But how else is one to respond to Barack Obama's picking the very folks who helped get us into this financial mess to now lead us out of it? Watching the president-elect's Monday introduction of his economic team, my brother-in-law Pete said, "You can see the feathers coming out of their mouths"

    ---

    As Summers stayed on to ensure passage of deregulatory laws that enabled enormous banking greed, Rubin was rewarded with a $15 million-a-year executive position at Citigroup, a job that only got more lucrative as the bank went from one disaster, beginning with its involvement with Enron in which Rubin played an active role, to its huge role in the mortgage debacle. It is widely acknowledged that Citigroup fell victim to a merger mania, which Rubin and Summers made legal during their tenure at Treasury.

    Yet despite that dismal record of dismantling sound regulation, Summers has been picked by Obama to be the top White House economic adviser and another Rubin disciple, Timothy Geithner, is the new Treasury secretary. Geithner, thanks in part to the strong recommendation of Rubin, had been appointed chairman of the New York Federal Reserve Bank after working for Rubin and Summers during the Clinton years. Once at the New York Fed, he was the main government official charged with regulating Citigroup, a task at which he obviously failed. Yet over the weekend, it was Geithner who hammered out the Citigroup bailout deal with Treasury Secretary Henry Paulson and a very actively involved Rubin.

    As the Washington Post reported, Paulson had indicated last week that no further bailouts were planned before the new administration took office until "Rubin, an old colleague from Goldman Sachs, told Paulson in phone calls that the government had to act." Rubin conceded in an interview with the Post that he had played a key role in the politics of the bailout.

    This outrageous conflict of interest in which Rubin gets to exploit his ties to both the outgoing and incoming administrations was best described by Washington Post writer Steven Pearlstein: "The ultimate irony, of course, is that just as Rubin and Co. at Citi were being bailed out by the Bush Administration, President-elect Barack Obama was getting set to announce a new economic team drawn almost entirely from Rubin acolytes."

    As opposed to the far tougher deal negotiated on the bailout of AIG, the arrangement with Citigroup leaves the executives, including Rubin, who brought Citigroup to the brink of ruin, still in charge. Nor is there any guarantee of the value of the mortgage bundles that taxpayers will be guaranteeing. That is because, as candidate Obama clearly stated in his major economics address back in March, the deregulation pushed though during the Clinton years ended transparency in banking.

    Why then has he appointed the very people responsible for this disaster to now make it all better? Why not ask him? Heck, yes, it is time for the many of us who responded to his e-mails during the campaign to now challenge our e-mail buddy as to why he suddenly acts as if the interests of Wall Street and Main Street are one and the same
    Return of the Wall Street Hustlers
     
  2. WillowTree
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    WillowTree Diamond Member

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    I'm roflmao,,,, he that can do no wrong is not in office yet,, the election is over get over it. he ain't gonna tax the rich either,, you believed that one didn't ya?? you ain't gonna get health care just like he has either, and I'll tell ya what else you ain't gonna have..


    decent wages

    low cost energy including gasoline


    low priced fodd

    jobs





    Summers ain't that the dood got fired from Harvard for saying women weren't as smart as men??? lol
     
  3. Red Dawn
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    Red Dawn Senior Member

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    Summers, Rubin, Warren Buffet, that Geighthner guy (spelling?)? Anachro-capitalists all; milquetoast capitalists to a man (or woman).


    Don't worry. Republicans will post shortly, to tell you that Obama is a radical, muslim marxist. Which is what they spent the last six months claiming.

    Unless they want to take the opportunity to step up the plate, and admit they were lying?
     
  4. dilloduck
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    dilloduck Diamond Member

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    Marxism can have crooks and cronyism too ya know. You still have to have a content core of co-conspirators.
     
  5. BlackAsCoal
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    BlackAsCoal Gold Member

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    Republicans are idiots and they spent their time accusing Obama of all manner of idiotic themes that only a lobotomized 8th grader would believe, when in fact, there was many valid issues to criticize Obama for .. but those issues were above the heads of their idiot base.
     
  6. WillowTree
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    WillowTree Diamond Member

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    Black Liberation Theology, taught at his church,,,,,he went for 20 years,,,,,,,married,,,,,,,children baptised,,,,,,,,,,,,,,,Marxist.. Louis Farakkam,,Bill Ayres,, Tony Rezko,, JeramiahBullFrog,,,,all his heroes.......
     
  7. WillowTree
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    WillowTree Diamond Member

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    believe it,, obama lived it, he wrote about it,, it is fact..
     
  8. BlackAsCoal
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    BlackAsCoal Gold Member

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    Republicans are idiots and they spent their time accusing Obama of all manner of idiotic themes that only a lobotomized 8th grader would believe, when in fact, there was many valid issues to criticize Obama for .. but those issues were above the heads of their idiot base.

    Your post proves my point beyond all reasonable doubt.
     
  9. WillowTree
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    WillowTree Diamond Member

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    what part of my post is untrue doya think?? he didn't go to that church??? for 20 years???? got married????? there????? kids baptised there???????? the church did not preach Black liberation Theology???????????? What... Ayres, Farakkam,, Wright and Rezko were not his heroes?????????? what???????
     
  10. BlackAsCoal
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    BlackAsCoal Gold Member

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    Did it work?

    After months and months of America listening to every bullshit scheme the right-wing could pull out of it's ass .. did it work?

    Is Obama going to be the president or is McCain?

    Did Obama win in 9 different states that used to vote for the other team or did McCain?

    Let's take it one step further and pretend everyone has been lobotomized and only has an 8th grade education and actually believes the bullshit you spout. All of America believes that Obama is a muslim, belonged to a racist church, made love to William Ayers, created ACORN, had his children baptised by Louis Farrakhan, married Rev. Wright's daughter, studied marxism with Hugo Chavez, and has an overseas bank account with Tony Rezko.

    Then how in the fuck did you lose?

    People who have brains, thus recognize reality, know that everyone is getting out of Obama's way. Left, right, republican, democrat .. everyone.

    For all practical purposes, he's the president right now. Bush can't wait to get out of his way. Foreign governments are talking to him, not Bush.

    Bush could take a trip to the moon tomorrow and nobody would even know he's gone.

    So .. even if everyone on planet earth believe that stupid ass lobotomized brainless bullshit they stuck in your mouth, it still amounts to Obama as president and your side looking for answers.
     

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