First Max Keiser nailed Goldman Sachs thusly (HT: Vox):
Goldman Sachs...[has] coopted the U.S. government, they have coopted the Treasury Department, the Federal Reserve functionality. They've coopted the Obama administration, Barack Obama dances to Goldman Sachs's tune. They're all Goldman Sachs scum, whether it is Hank Paulson, whether it is [Timothy] Geitner...or all their cronies...America for some reason has allowed this coup d'etat to take place.
Then Glenn Beck piles on by noting the uncanny coincidence between the appearance of so many GS executives in the bailout scheme, in the upper levels of both 43's and BHO's administration, and the preferential treatment given to GS-linked people and organizations:
While it has always been true that "whoever has the gold, makes the rules", this is getting a bit ridiculous in its obvious brazenness. I mean, why even pretend that the People are in control? And now, after having received preferential treatment for taxpayer money from the same gov't that GS strategically placed former executives in, GS is on track to pay its biggest bonuses ever--about 700K per employee.
Sure makes me less judgemental about some Americans and their inclination for jingle mail. What fealty does a people owe to thieves and to the corrupt oligarchists that permit them to legally loot us all?
7 Comments:
Great post EW. This is absolutely ridiculous. Our government is owned and run by the banks for the benefit of the banks.
mroberts, I guess the part that gets me the most is the lack of bothering to hide it or cover it up anymore.
It's obvious...and still the American people don't seem to care.
I know some people are not fans of Alex Jones, but his dvd documentary "The Obama Deception" is accurate and explains that the bankers are the real power behind the presidency. You can watch it on Youtube or Google Video. I remember reading in the 90s, a booklet called "Billions for the bankers", and everything it said then is and came true. -Norm
You also have to remember that many of the folks who run places like GS are liberal democrats themselves. When I was a puppy lawyer, I worked on wall street and worked with people from all the big banks, and almost all but a handful of them are big government liberals. So the idea that they are cosy with the current regime is completely unsurprising. The rich elites on the coasts are mostly libdems.
Nova, do you think that they are big gummint liberals because they live in NYC, or that they are big gummint liberals because they were in the banking industry?
Probably because they're in the banking industry. Government regulation is an excellent way for top bankers to keep their competition at bay, drowned in regulation which prevents them from challenging the top bankers. It's the same in many other industries too. Plus, there is the added benefit of being able to claim, "I care about the little guy" while in reality keeping their boot on the little guy's neck.
In too many cases banks are treated collectively when they shouldn't be. The banks that control this aspect of government are Goldman Sachs (and GS is the big one here) Chase Manhattan, Bank of America, and Citibank. (There may also be a couple of others, but its a short list.)
Take a look at TCF bank, a regional Minnesota based bank, that has never issued a subprime mortgage. They're doing just fine and want to give back TARP money they never needed in the first place. They are also pissed about being forced to support their competitors. As TCF's CEO put it, “We pay for the excesses of our competitor over and over again.”
http://www.moonbattery.com/archives/2009/07/bailout_recipie.html#comments
Here is a list of campaign contributions of bailout recipients.
Now it makes sense why they don't want the little people to keep guns....
They only reason Obama hasn't shut down the Internet is like you said, people just do not care.
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