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Senate grills Goldman execs on meltdown role
Yahoo News ^ | 04/27/2010 | by Olivier Knox

Posted on 04/27/2010 7:52:07 AM PDT by MNJohnnie

click here to read article


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To: maggief

Great stuff there


21 posted on 04/27/2010 8:25:53 AM PDT by MNJohnnie (he problem with Socialism is eventually you run our of other peoples money. Lady Thatcher)
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To: Carley

Wall St. let greed and stupidity wipe out our banking and investing system. The regulators and government were right along with them in the ponzi scheme financing we call the derivatives trading system. Trillions of dollars later, these insolvent criminals are all covering their tracks and reinventing history. Nothing has changed. No one but Madoff has went to jail. Secrecy and obscuration as to where all the funny money printed by the FED went to is the norm. The politicians who enabled them are now the ones who are supposedly investigating them. What a joke.


22 posted on 04/27/2010 8:26:02 AM PDT by Gen-X-Dad
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To: lonestar

Glenn Beck - Goldman Sachs Obama And The Green Agenda

http://usaguns.net/patriots/beckc.html


23 posted on 04/27/2010 8:26:25 AM PDT by sheikdetailfeather
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To: MNJohnnie

Q. If GS is so smart why did they get a bailout?

A. Because GS is smart and wanted in on the taxpayer gang bang.


24 posted on 04/27/2010 8:28:39 AM PDT by ex-snook ("Above all things, truth beareth away the victory.")
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To: sheikdetailfeather

Deserves it’s own thread. Un-freaking-beliveable.


25 posted on 04/27/2010 8:31:42 AM PDT by MNJohnnie (he problem with Socialism is eventually you run our of other peoples money. Lady Thatcher)
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To: Gen-X-Dad

The banks were FORCED to give mortgages to NINJAs.......The banks sold the mortgages. Some institutional investors were willing to take the risk.

Everyone knows that every single stock you buy is only going to go UP. Everyone knows that!!!!

NINJA........No Income No Job No Assets


26 posted on 04/27/2010 8:34:39 AM PDT by Carley (I'll keep clinging to the constitution, my guns and my religion, thank you.)
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To: silverleaf
Senator Levin is such a pompous a$$.

Forgive my redundancy.

27 posted on 04/27/2010 8:37:23 AM PDT by auboy (Men who cannot deceive others are very often successful at deceiving themselves. Samuel Johnson)
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To: Carley

No one has clean hands when it comes to this mess (except the guy that outed Madoff). Systematic break down at this level can only occur when all parties involved see a benefit to looking the other way.


28 posted on 04/27/2010 8:37:46 AM PDT by Gen-X-Dad
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To: maggief

Reposting an observation here from the other thread:

“Kinda half watching the Goldman Sacs/Congressional cover up/hearing now. These men that they have brought in to testify from GS are SOOOOO YOUNG! I get the feeling that these young GS exes are being set up by the REAL CRIMINALS in Goldman and Congress to be the FALL GUYS! Just a intuition of course but the REAL criminals are the ones doing the questioning!”

27 posted on Tuesday, April 27, 2010 10:35:16 AM by penelopesire


29 posted on 04/27/2010 8:40:01 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: MNJohnnie

Senator Collins does not know the difference between being a market maker and being an investment advisor! What a dunce!


30 posted on 04/27/2010 8:40:55 AM PDT by WashingtonSource
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To: WashingtonSource

That’s because she gets all of her questions and talking points from the DNC....lol. I was watching another congressional hearing late last night on the movie commodities trading scam on CSPAN. Some democrat actually asked the person that was testifying on behalf of the scam, if Congress was allowed to ‘regulate’ this market,etc.(or something to the effect). In other words..the dem congressman was asking a witness from the CFTC what Congress’s job was. Astonishing...lol!


31 posted on 04/27/2010 8:48:41 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: Carley

It’s kind of like a televised Star Chamber.


32 posted on 04/27/2010 8:51:22 AM PDT by garbanzo (Government is not the solution to our problems. Government is the problem.)
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To: WashingtonSource
Senator Collins does not know the difference between being a market maker and being an investment advisor!

What part of risk management do you expect Congress to understand? Just look at our public debt as a fraction of GDP.

33 posted on 04/27/2010 8:52:40 AM PDT by garbanzo (Government is not the solution to our problems. Government is the problem.)
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To: freekitty

These democrat congress critters, Al Gore,et al and their allies like George Soros are the ones that SHOULD BE ON THE WITNESS STAND!!

This is outrageous!


34 posted on 04/27/2010 8:56:16 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: Carley

So that excuses fraud?


35 posted on 04/27/2010 9:02:50 AM PDT by maddogconservative
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To: Gen-X-Dad

are you demanding for more regulation?


36 posted on 04/27/2010 9:03:39 AM PDT by maddogconservative
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To: garbanzo

The sheer ignorance or deliberate obfuscation of the issue is sickening.

They act as tho BUYER BEWARE is an alien concept.

The banks were forced to give those loans.

And where is the management of Fannie and Freddie?

Laughing all the way to the bank.


37 posted on 04/27/2010 9:04:35 AM PDT by Carley (I'll keep clinging to the constitution, my guns and my religion, thank you.)
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To: maddogconservative

What good is more ‘regulation’ when the President, Congress and the ‘watchdogs’ are in on the scam?


38 posted on 04/27/2010 9:19:24 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: penelopesire

So what do you propose?


39 posted on 04/27/2010 9:28:11 AM PDT by maddogconservative
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To: maddogconservative

An independent commission to investigate the financial meltdown, a new congress in 2010 and a new president in 2012.


40 posted on 04/27/2010 9:34:21 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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