Skip to comments.Obama Calls Wall St Meetings ‘Shocking’ as Rahm Emanuel (Secretly) Meets with Wall St Investors
Posted on 04/20/2010 8:29:23 AM PDT by kristinn
White House Chief of Staff Rahm Emanuel met with Wall Street investors Sunday, the night before his boss, President Obama, criticized such meetings with Wall Street investors.
In Los Angeles trying to help Sen. Barbara Boxer (D-Calif.) boost her sagging senatorial campaign that is in serious trouble, Obama Monay called such Wall Street meetings shocking.
The Senate Republican leader, he paid a visit to Wall Street a week or two ago, Obama said. He took along the chairman of their campaign committee. He met with some of the movers and shakers up there. I dont know exactly what was discussed. All I can tell you is when he came back, he promptly announced he would oppose the financial regulatory reform. He would oppose it. Shocking.
Just one day before, White House Chief of Staff Rahm Emanuel was meeting with Wall Street movers and shakers working out the finer details of the Democrats Wall Street reform that sets up a permanent taxpayer-funded bailout structure for too big to fail companies.
(As Rep. Brad Sherman (D-Calif.), a Democrat member of the House Financial Services Committee, told the Politico yesterday that even if the $50 billion bailout slush fund currently in the bill were stripped out, The Dodd bill has unlimited executive bailout authority.
The bill contains permanent, unlimited bailout authority.)
(Excerpt) Read more at humanevents.com ...
There’s not enough perfume in the world to cover the stench of these feces and their lies.
not enough perfume in the world to cover the stench ...
And while it pains me to say it...these corrupt meetings with leftie corporates were typical during the Bush tenure too.
Republican leader publicly meets with Wall Street movers and shakers: SHOCKING!
White House Chief of Staff Rahm Emmanuel meets SECRETLY with Wall Street movers and shakers: OKAY!...............
THINGS WE DO NOT KNOW ABOUT RAHM EMANUEL Did Rahm reveal all of his ties to financial institutions involved in Obama's trillion dollar federal bailout of financials? Read on.
Goldman Sachs Will Be Sitting Pretty With Emanuel in the Obama White House
By Timothy P. Carney, Examiner Columnist, Nov 21, 2008
EXCERPT Today, in these tumultuous times of bailouts and meltdowns when the investment banking leviathan needs Washington more than ever before, Goldman Sachs can leverage its most valuable asset yet White House chief of staff Rahm Emanuel.
Traditionally a Democratic booster, and one of Barack Obamas top sources of funds in this past election, Goldman has always had particularly strong allies in government.
Rahm Emanuel is one such ally. An interesting early chapter in the Goldman-Emanuel relationship took place in the setting of Bill Clintons 1992 campaign for the White House. Clinton hired Emanuel as his chief fundraiser.At the same time, however, Emanuel was on the payroll of Goldman Sachs, receiving $3,000 per month from the firm to introduce us to people, in the words of one Goldman partner at the time. This is certainly a noteworthy relationship, but its one that has almost entirely escaped scrutiny. (snip)
In his four terms in Congress, Emanuel raised $74,750 from Goldman, making the firm his number four source of funds. Goldman has helped Emanuel. How has Emanuel helped Goldman? The most obvious answer, as mentioned in this column two weeks ago, is in Emanuels lead role in shepherding the $700 billion bailoutfirst proposed by former a Goldman CEO, Bush Treasury Secretary Henry Paulsonthrough the skeptical House.
Of course, back in the Clinton days, Goldman benefited from NAFTA and the bailout of the Mexican currency, with Emanuel pushing NAFTA through Congress, and Rubin hammering out the peso bailout.
Did Goldman improperly funnel money to the Clinton campaign by subsidizing Emanuels salary in 1992? Did Goldmans help to Clinton spur the Democratic president to push NAFTA and the Mexican bailout?
The answers to these questions are opaque, and with Emanuel burrowed deep within the Obama White House, the continued relationship between Goldman Sachs and Obamas right hand man wont be easy to follow.
Watch which regulations of Wall Street Obama fights for. Watch where the bailout money goes.
SOURCE http://www.washingtonexaminer.com/opinion/columns/TimothyCarney/ Goldman_Sach_Will_Be_Sitting_Pretty_With_Emanuel_in_the_Obama_White_House_112108.html
This pond scum along with a complicit dinomedia is doing everything within its considerable power to deflect the root cause of the financial meltdown — Dim policies that created TRILLION$ in toxic loans in the first place. Con artists of the highest order. They could teach Bernie Madoff a few things about gaming a system. A fresh pile of SH!T would smell like roses up beside this bunch!!!
He who ‘has’ the gold makes the rules.
There's good news, however. Obama has a serious weakness. He can't stand criticism. If gets enough of it, we'll get to see him melt down on TV.
Pour it on.
An interesting early chapter in the Goldman-Emanuel relationship took place in the setting of Bill Clintons campaign for the White House in 1992. Clinton hired Emanuel as his chief fundraiser.
At the same time, however, Emanuel was on the payroll of Goldman Sachs, receiving $3,000 per month from the firm to introduce us to people, in the words of one Goldman partner at the time. This is certainly a noteworthy relationship, but its one that has almost entirely escaped scrutiny.
Did Emanuel reveal to Ohaha all his Wall Street ties as the trillion dollar financial bailouts commenced? (smirk)
In his four terms in Congress, Emanuel raised $74,750 from Goldman, making the firm his number four source of funds. Goldman helped Emanuel. So how has Emanuel helped Goldman? The most obvious answer is in Emanuels lead role in shepherding the $700 billion bailoutfirst proposed by former a Goldman CEO Henry Paulsonthrough the skeptical House.
In addition to his role as White House Chief of Staff, Mr. Emanuel is heavily involved in decisions made by the US Treasury Dept.
Behind The Real Size of the Wall Street Bailout (Mother Jones reports its $14 trillion)
Mother Jones | Dec. 21, 2009 / FR Posted January 04, 2010 by E. Pluribus Unum
A guide to the abbreviations, acronyms, and obscure programs that make up the $14 trillion federal bailout of Wall Street.
The price tag for the Wall Street bailout is often put at $700 billionthe size of the Troubled Assets Relief Program. But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside money to bail out financial firms and inject money into the markets. To get a sense of the size of the real $14 trillion bailout, see our chart here. Below, a guide to the pieces of the puzzle:
Treasury Department bailout programs (controlled by Rahm Emanuel)
Money Market Mutual Fund: In September 2008, the Treasury announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].
Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokeragesas much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].
TARP: As part of the Troubled Asset Relief Program, the Treasury has made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid. Government-sponsored enterprise (GSE) stock purchase: The Treasury has bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets." GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion [PDF].
--SNIP--- long read
Federal Reserve bailout programs
Commercial Paper Funding Facility: With the support from the Treasury, the Fed established the CPFF in October 2008 to increase the availability of short-term debt (commercial paper) funding. Up to $1.8 trillion [PDF] was earmarked for the program.
Mortgage-backed securities purchase: In 2009, the Fed earmarked up to $1.25 trillion to buy investments based on home loans.
Term Asset-Backed Securities Loan Facility: TALF provides financing to investors who are buying asset-backed securities. In February 2009, the Fed and Treasury announced an expansion of the program to generate up to $1 trillion in new lending.
Foreign Central Bank Currency Liquidity Swaps: The Fed has provided $755 billion [PDF] for currency liquidity swaps with foreign central banks.
--SNIP--- long read
CIRCA Sept 15, 2009 A SHOCKING DISPLAY OF OBAMA'S THIRST FOR POWER
FOX News' Judge Napolitano notes: if implemented, the unconstitutional proposals Obama urged in his Sept 2009 speech to Wall Street will amount to a final coup détat by banksters, their technocrats and enforcers, at the Federal Reserve (*the privately-held bankster cartel that masquerades as a government agency). Obama's "reforms" would install a dictatorial regulatory power controlled by international bankers oer the entire US economy down to the local grocer and hot dog vendor on the corner. It will control our lives down to the smallest detail. It will require us to ask permission for the most mundane and routine of financial transactions. IT MUST BE BE RESISTED AT ALL COSTS. VIDEO LINK AVAILABLE Judge Andrew Napolitano On Obama/Bankster Takeover
The list, ping
I tell you it's shocking that he thinks this!
I've been trying to figure him out all year long. The only thing I can think of is that it will soon be illegal to take or post pictures of him, or include his caricature in political cartoons, because he is aspiring to be the next Muhammad.
That this might occur would appear to be impossible, but with all else that has happened, it wouldn't surprise me at all.
Amazing! These guys STILL don’t get it!
They think they can still feed handouts to Cronkite and Huntley/Brinkley and nobody will pay any attention to what the left hand is doing.
Obama: “Half of my letters brand me an idiot”
Filing this in ...
-— along with -—
WILL OBAMA RETURN $994,795 IN GOLDMAN SACHS CAMPAIGN CONTRIBUTIONS?
Limbaugh: Timing of SECs Fraud Case Was No Coincidence...
GOLDMAN shares RISE...
Ratigan Deconstructs Goldman, Connecticut AG Blumental Wants Criminal Charges Filed
Copy of post by Liz
Goldman Sachs Will Be Sitting Pretty With Emanuel in the Obama White House
... and much more.
Oh and let us not forget ...
Goldman Sachs: Summary (Goldman Gave Dems 75% Of Its Campaign Donations In The 2008 Election Cycle
The Senate Republican leader, he paid a visit to Wall Street a week or two ago, Obama said. ...... I dont know exactly what was discussed. “
Barry declared in his Saturday morning address that he knew exactly what was discussed.
After stating that Wall Street was almost entirely responsible for today’s economic crisis and that his bill would prevent it from ever happening again-
Barry stated that Mitch McConnell was an ally of those who caused the economy to crash.
And that McConnell , like his Wall Street allies , profits from maintaining the status quo.
Barry said that McConnell met with over two dozen bankers
“ to talk about how to block the bill.”
And then Barry called McConnell deceptive , cynical and in so many words -a liar.
It was one of the most unprofessional and venomous Saturday addresses, probably ever.
Barry is clearly unraveling.
Shocking that the Republicans thought of what the Democrats perfected????