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SEC inspector general H. David Kotz agreed in April to a request from US Rep Darrell Issa (R-Cali), as to whether politics prompted the govt's lawsuit against Goldman Sachs. Rep. Issa requested that the SEC probe the timing and political motivations of the SEC’s $550M settlement with Goldman Sachs in a mortgage securities fraud case. Aside from the timing, many observers scoffed at the settlement. The $550 million settlement is pocket change compared to Goldman’s $162 billion in assets (Excerpt) Read more at washingtonexaminer.com ...

The Ohaha administration is the worst criminal element America has ever seen. The official crimes being committed here are monumental.

Obviously COS Rahm Emanuel is the mastermind ---- Professor Ohaha knows nothing about finance whereas Wall Street Rahm knows every trick in the book. Wall Street knows how to make money disappear faster than a cream puff at a Weight Watcher weigh-in.

A whole lot of spineless Republicans should jump on Issa's bandwagon, and help investigate elected criminals who have committed criminal acts...... I for one, believe it is in our hands to get this going----our reps should be bombarded with the facts and figures....all of it available on FR.

We demand all of Rahm's emails, snail mails and phone records to determine the scope of conversations he had with G/S and the degree to which Emanuel used govt office to benefit G/S insiders.

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THINGS WE KNOW ABOUT RAHM Emanuel was working for Clinton AND was on the payroll of Goldman Sachs, receiving $3,000 per month "to introduce us to people,” in the words of one Goldman partner. QUESTION: Isn't being on the payroll of Goldman Sachs the same as being a "lobbyist?" (/snic)

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REFERENCE Goldman Sachs Will Be Sitting Pretty With Emanuel in the Obama White House
By: Timothy P. Carney, Examiner Columnist, Nov 21, 2008

Goldman Sachs always has clout in Washington, as evidenced by the firm’s alumni serving as Treasury secretaries under both Presidents Bush and Clinton. Today, in these tumultuous times of bailouts and meltdowns when the investment banking leviathan needs Washington more than ever before, Goldman can leverage its most valuable asset yet—incoming White House chief of staff Rahm Emanuel. Goldman Sachs is the giant of Wall Street, and more than any other investment bank, Goldman is surviving the current financial storm.

Traditionally a Democratic booster, and one of Barack Obama’s top sources of funds in this past election, Goldman has always had some particularly strong allies within government. Emanuel is one such ally. An interesting early chapter in the Goldman-Emanuel relationship took place in the setting of Bill Clinton’s 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 it’s one that has almost entirely escaped scrutiny. (snip)

In his four terms in Congress, Emanuel has 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 Emanuel’s lead role in shepherding the “$700 billion” bailout—first proposed by former a Goldman CEO, Bush Treasury Secretary Henry Paulson—through 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 Emanuel’s salary in 1992? Did Goldman’s 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 Obama’s right hand man won’t be easy to follow.

Watch which regulations of Wall Street Obama fights for. Watch where the bailout money goes. And don’t be surprised Goldman soon sitting pretty once again.

http://www.washingtonexaminer.com/opinion/columns/TimothyCarney/ Goldman_Sach_Will_Be_Sitting_Pretty_With_Emanuel_in_the_Obama_White_House_112108.html

4 posted on 07/23/2010 2:02:49 PM PDT by Liz
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To: stephenjohnbanker; Kenny Bunk; SunkenCiv; BARLF; TommyDale; CutePuppy; Condor51; pissant; ...

ping to post # 4


5 posted on 07/23/2010 2:05:21 PM PDT by Liz
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To: Liz

Dittos on contacting our congresscritters. It’s time to take our country back from these criminals. Our government has become completely lawless with no checks and balances from anyone..including the media.

BTW..I heard another report that the inspector general of the Interior Department is investigating the report that Salazar and Obama used to put the moritorium on offshore drilling. They have found alot of lies and omissions in the thing. I hope this scandal blows wide open as well.


7 posted on 07/23/2010 4:06:03 PM PDT by penelopesire (FOX NEWS TRIBAL PRINCESS)
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To: Liz

” Watch which regulations of Wall Street Obama fights for. Watch where the bailout money goes. And don’t be surprised Goldman soon sitting pretty once again.”

This is all show for the public.

Total sham.


9 posted on 07/23/2010 5:34:23 PM PDT by stephenjohnbanker (Support our Troops, and vote out the RINOS!)
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