John Thain, TARP Taxpayer Rapist With Maria Bartiromo
CNBC Video - John Thain, CEO of CIT Group - Sep. 9, 2011
Interview from earlier today. Maria doesn't ask him anything about his rape of taxpayers and performs the expected CNBC fellatio of all Wall Street executives.
Paulson and Geithner gave CIT Group at least $2 billion in TARP funds, which was never paid back and CIT declared bankruptcy months later. Then in restructuring, CIT hired Thain, the former Goldman Sachs exec and later CEO of Merrill Lynch who engineered $4 billion in taxpayer-funded bonuses for Merrill in a year the firm lost over $10 billion (2008), and spent over $1 million of TARP funds redecorating his office including a $35K commode.
If you've never seen WalStreetPro rip off Thain's head, you can watch that here:
The GREATEST Video I've Ever Posted. Just press PLAY.
Reader Comments (8)
And when MER got swallowed by BAC, Ken Lewis and Co. concealed those bonuses from BAC shareholders before the proxy vote on the MER-BAC "merger."
The S.E.C. sued BAC over this, but like the sweet Wall Street lap dogs that the porn-watching S.E.C. workers are, the S.E.C. proposed to settle the $4 billion concealment with a... $33 million settlement to be paid by... the victims of Lewis & Co.'s fraud: the BAC shareholders themselves.
Can you say "fascism"? I knew you could.
OMG, that sentence was awesome and so on-point. I laughed so hard I spit my coffee out. Thanks for the laugh. It really helps reading this stuff when I can get in a laugh here and there. Bravo DB!
http://jessescrossroadscafe.blogspot.com/2011/09/psychopaths-among-us.html
I once worked for a sociopath over a period of 10 years. (Is there any real difference between a sociopath and a psychopath?) This article reads onto Mr. Sociopath damn near word-for-word. I only read about 1/4 of this piece (it's pretty long), but read enough to know that the writer (1) knows what he's talking about and (2) is onto something big.
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Cheyenne tried to get him to appear in his movie, but he either didn't respond or said no, I can't remember. He apparently left NC and moved to Texas and stopped making videos.
I humbly say to investors pay attention to where he said he's headed and two take that media bite with a grain of salt.