Posted on 12/04/2008 8:30:53 AM PST by Liz
Rubin will tie this up in litigation forever.
Chance to join a stock holders suit?
Robert Rubin - the prince of the amazing “Clintonomics” that brought us prosperity in the 1990’s, the poster boy for why you should trust the Democrats to run the economy. Hopefully the Republicans will wake up and start hammering the Dem’s on this.
Just another cute little bankster prank that’ll be repackaged, and then we can bail them out of it. Nice. Dems will cry “politics”, airwaves will be flooded with American Idol reruns, and it will all be forgotten about in two weeks.
I think Bill Ayers created the prototype slogan for the money center banks. “America: What a country, guilty as sin, free as a bird”.
Maybe with a big black boy friend.
.....Damn Bush and Paulson straight to Hell.....
Apparently you are not paying attention and especially did not read this article.
W acted to expose the bad guys and force their hands. He merely showed the world the problem. He did not create it. History will show that the expose’ just before the election was shrewd political foresight
Clinton et al.....Robert Rubin, Jamie Gorelick etc are the unjustly enriched bad guys. If W did not expose the crimes Obama got elected it would never be exposed. The calamity would have happened in some form any way.
Your reflexive Bushbash is totally without merit
First Obama scandal to reach courts. Is this a record?
One correction. Gorelick is actually two words.
Which one has the most gangs? I want the least “posh” lol
I remember Rush mentioning during the Clinton years some risky manuever related to bonds (I think) that Rubin was doing to make the economy seem better than it was (or something like that).
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That was the bonds indexed to inflation ... like a variable rate note... you got the inflation rate plus x % ,, as long as inflation stayed low the gov’t made out... of course it helps that the gov’t has the ability to fudge inflation numbers by excluding inflationary items like food and energy..
I really tried and tried to warn people about Wall Street. But nobody listened. Now everybody will just to deal with the consequences. We were all raped by greedy bankers. Then they turned us over and did it again. And again. And they are still raping us. It seems most people are as stupid as shoes. Or rocks.
Don't quite understand what I mean about LA ____? Watch this "Dark Blue" DVD and learn something.
G/S insiders are bailing out the very crooks who contributed to the economy's meltdown. G/S Paulson put his G/S henchman Neel Kashkari, to oversee the $700B bailout. Conflict of interest anybody?
........POS Paulson also wanted to exempt the bailout from any judicial, legislative, and regulatory review.......can you guess why?
GOLDMAN SACHS SCREWS US AGAIN Secy Pavelson told Congress bailout billions would be used for one purpose then the foxy, wily Pavelson changes horses in midstream and decides to use the billions for something else. Typical Wall Street chicanery. The heck with Congress enacting the bailout law for one use. Pavelson personally decides he and the G/S guys will use it for "something else."
As US citizens line up at soup kitchens and sell apples on street corners, Pavelson, Kashkari, and the G/S frat boys are cashing in bigtime......numbered offshore bank accounts, "parking" money at Goldman Sachs and other Wall Street entities; the wire-transfers must be burning up.
The late economist John Kenneth Galbraith blamed Goldman Sachs for policies causing the Great Depression of '29. In his book, The Great Crash, 1929, Galbraith, a key figure in JFK's admin, an entire chapter titled “In Goldman, Sachs, We Trust,” details the “large-scale corporate thimblerigging” that Goldman and other Wall Streeters practiced in the 1920s.
G/S frat boys at the highest levels of govt are now pulling the levers of power. Watching them operate, we know Goldman types promote their own interests relentlessly...........the rest of us be damned.
Heaven help us.
" Golly Ben, bailing out hedges and other greedsters is hard work."
"Keep bailing, Paulson."
ROFLOL!
Rubin is most infamous as a Clinton suckup.
When he left the admin he actually called the US Treasury (as a paid Enron factotum) to ask for a bailout——like the US Treasury was his personal piggy bank.
Here's Greenspan's crucial error: BANKS DO NOT MAKE OPERATING DECISIONS.
Individual executives make decisions, and the decisions they made were for their own personal self interest, NOT for the long term interest of the company. The mistake was in assuming that executives care about what happens to the institution after they have taken the money and left. The banks had executives that were willing to make decisions that would cost OTHERS billions, as long as THEY got their bonus packages.
W had 8 years to notice what was happening, and scream about what was coming. He could have devoted 15 minutes to it in every State of the Union address, and every White House press briefing. He didn't. The mess is HIS fault. It became HIS fault within a year of taking office and taking no effective action to head it off.
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