Gloom and doom ping list
America got p’unked in 2008 and we got a Socialist America. Way to go. Hope there are criminal investigations into how the banking crisis came to be and how certain people wound up with billions of taxpayer money.
Questions are all that will be raised. Questions as to Goldman Sach’s influence if not total control of the US government have the same practical effect as do question as to the legitimacy of 0bama’s birth certificate. Page 14 stories in 20% of newspapers, then it’s “see ya”.
This is how you get socialism. People see the corruption and decide that the market is rigged and turn to the government who winds up taking over.
Meanwhile, certain people in government are the real problem. The bankers were bailed out and the market was denied the opportunity to take care of itself by having people and institutions fail. Bankers and people in government are golf buddies...
This is how you get socialism. People see the corruption and decide that the market is rigged and turn to the government who winds up taking over.
Meanwhile, certain people in government are the real problem. The bankers were bailed out and the market was denied the opportunity to take care of itself by having people and institutions fail. Bankers and people in government are golf buddies...
Uh, the Federal reserve should raise a few eyebrows.
How golden is that after backing the resident it seems to have all paid off most handsomely.
President Obama continued collecting money for his 2010 Senate re-election campaign even after he resigned his seat from Illinois, including a maximum $2,300 donation the day after Christmas from a top executive of a Wall Street firm that had received a government bailout.Four contributions - $4,800 in all - were donated to the Obama 2010 fund on Dec. 26, according to Federal Election Commission reports.The money came from some of Mr. Obama’s top presidential fundraisers: Bruce A. Heyman, managing director at Goldman Sachs, which received a $10 billion bailout last year; Steven Koch, vice chairman at Credit Suisse First Boston; and John Levi, a lawyer at the law and lobbying firm of Sidley Austin LLP.
The donations are legal, but the timing is unusual because Mr. Obama formally left the Senate on Nov. 16 and already had a surplus in his Senate campaign treasury.
http://www.washingtontimes.com/news/2009/mar/27/obama-raised-cash-even-after-leaving-senate/
From No Quarters...Let’s start with the numbers. Why is a first term Senator pulling down almost $300,000 a year from Goldman Sachs, Lehman Brothers, Bear Stearns, Fannie Mae, Freddie Mac, AIG, Countrywide Financial, and Washington Mutual? He has not even completed his fourth year in the Senate and received a total of $1,093,329.00 from these eight companies and their employees. (all data from OpenSecrets.org). John McCain’s numbers, according to OpenSecrets.org for the period 1990-2008 (i.e., 18 years worth of data) only collected $549,584.00. In other words, Barack is receiving $273,582.25 (and 2008 is not over) per year while McCain raised a paltry $30,532.44.
Want another shocker? Barack Obama has received more from one source–Goldman Sachs $542,252.00–than McCain has from all of the companies combined. Who the hell is more beholden to lobbyists? And why does a junior Senator from Illinois rate this kind of dough?
http://www.noquarterusa.net/blog/2008/09/21/baracks-wall-street-problem-is-now-americas/
“No doubt many donors give simply because they want to be part of history,” said Craig Holman, a campaign finance lobbyist for the non-partisan watchdog group Public Citizen.
“But donors and bundlers who represent special interests with business pending before the government and who dole out five-figure checks to the inaugural committee usually want a seat at the table with the new administration.”
Other bailed-out banks that have contributed to the inauguration fund include Goldman Sachs ($44,500) and JPMorgan Chase ($30,600).
I read not too long ago, and I will paraphrase the tale
that the Federal Reserve idea was originated by and sold to Congress by the leading bankers, as a means to solidify the interests of politicians that love to preside over government borrowing and the bankers that want to profit from providing the loans (buying and marketing the government debt).
The ONLY viable alternative to the “communists have taken over government” theory is the “Goldman Sachs has taken over government” theory.