Rep. Kaptur Sticks An IED Inside Paulson And Then Presses 'BOOM'
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- "What Interests Me Is Whom You Helped And Whom You Didn't."
- "History Will Show That You Knew About Wall Street's Growing Losses Long Before The Bank Of America, Merrill Lynch Merger."
- "What Your Orchestration Yielded Was An Unprecedented Dumping Of Private Sector Losses On The Next Three Generations of taxpayers."
Here's a short list of topics covered in this clip:
- Paulson's Goldman Sachs conflict of interest, the AIG-Goldman conduit, the Lehman decision that benefited GS, Hank's tenure under President Nixon and John Ehrlichman (supremely brilliant yet subtle implication from Kaptur--make sure to see that moment at 2:20), moral hazard, TARP warrant repayment, Treasury conflict and capture, Ken Lewis, Bank of America, playing politics, Wall Street influence and favoritism at Treasury, Countrywide, Wall Street losses hoisted onto the next 3-generations of taxpayers, and Warren Buffett's loan terms with Goldman versus those of the taxpayer.
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See also:
Elizabeth Warren, Neil Barofsky, Brad Sherman, Mike Capuano, Alan Grayson, Ron Paul, Dylan Ratigan, Jon Stewart, Barry Ritholtz, Chris Whalen, Joseph Stiglitz, and Jimmy Rogers.
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Reader Comments (32)
The title for this post makes me happy. Chris Dodd-eating-ice-cream happy.
don't get confused by smoke and mirrors. We've been sold out by Kaptur and the rest, excepting the two others I mentioned.
regards,
We'll take what we can get from the useful idiots in Congress. Kaptur fought the Bailouts tooth and nail before they happened, so as far as Congress Critters go, that's real action, not just talk. Ditto Brad Sherman. I'm also guessing that one of the main reasons Goldman paid as much as they did to buy back their warrants is because of this exchange with Paulson, especially where she says that Warren Buffet got better terms than the taxpayer. Don't worry, though, there's no shortage of paranoia, suspicion and rage 'round these parts. Tell all your friends about The Daily Bail.
It is nice Ms. Kaptur said something, but when are she and the rest of these people going to DO something other than hand over more trillions to these thieves?
"The president was to detail the administration's overhaul plan on Wednesday, recommending new powers for the Federal Reserve; a new consumer protection agency to govern lending and credit; and new rules that would reach into currently unregulated regions of the financial markets."
"Under Mr. Obama's plan, the Fed would gain power to supervise holding companies and large financial institutions considered so big that their failure could undermine the nation's financial system."
http://www.cbsnews.com/stories/2009/06/17/politics/main5093050.shtml
James explained it but let me add a bit of color, because this criticism comes up all the time from passers-by, who don't know our story. We are fighting against the bailouts, plainly and simply. We will gladly take ANY and ALL supporters...WE do not discriminate based on how they stand on other issues. WE spotlight and highlight them for their words and deeds against the bailouts...and Marcy Kaptur has ACTUALLY been fighting them from day 1...she tried to stand up to Paulson last Fall but no one would listen to her...
@James
You were right about Kashkari's comments...Spidey found them in his Charlie Rose interview...
http://dailybail.com/home/the-hammer-gets-hit-by-a-tree.html#comment4888800
Also I had the same thought about the GS Warrant repayment...after Kaptur's comments, they knew they had to be careful.
Glad you liked the title I used...oddly, a fact which most may not know...the URL for any story is based on the title for that story...so if you change even 1 letter of a title after it's first published, then the URL changes and any links coming to that story will arrive 'dead'. So I have to be absolutely sure of my titles BEFORE I publish...which is difficult because I always think of a better one afterward...this time I tried to get it right the first time.
Good suggestions...Max Keiser is brand new to us and though I love this video, he's not in the HOF yet:
http://dailybail.com/home/max-keiser-goldman-sachs-are-scum-thats-the-bottom-line-best.html
And you were correct about WALSTREETPRO2...that was a glaring omission:
Warning Extreme Profanity (IF you have not seen these clips, settle in and enjoy yourself):
http://dailybail.com/home/there-are-no-words-to-describe-the-following.html
http://dailybail.com/home/bailout-news-video-hes-an-original-hes-back-and-hes-still-no.html
http://dailybail.com/home/the-anger-is-brewing-walstreetpro2-wants-revolution-clip.html
It's time to call it, as it is. We are now broke, and we are not the first nation to be thus victimized. This annon clique has fed on the blood of the peasants in Russia, in Germany, in G.B., Spain, Italy, and now they are here, in the USA, doing the exact same thing, with the exact same formula to the US citizen.
That is why they made up the expression: The last act of a failed government is to loot. At this point, when all the money is gone, the jobs are gone, and the taxes are ridiculous, no more money to be had, at this point, they will all move to another nation, and start over, leaving their scapegoats in place, to take their punishment.
Could you explain who annon clique is? I never heard of them.
I like your style.
A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear. The traitor is the plague.
Marcus Tullius Cicero
To expose a 4.2 Trillion dollar ripoff of the American people
by the stockholders of the 1000 largest corporations over the last
one-hundred years will be a tall order of business."
Richard Buckminster Fuller
I hear you regarding William K. Black. I love that guy. Add Harry Markopolos to the list of unsung heroes while you are at it.
@ katz and S.Gompers
Well said.
Check out the book and find out.....
http://www.thebigripoff.net
The following is my summarization taken from the book "The Causes of the
1929 Stock Market Crash" by Dr. Harold Bierman Jr., Professor of
Finance, Cornell University:
http://books.google.com/books?id=wU0PaSjUU1YC&dq=stock+market+crashes...
In 1929 the utility companies, among other things, were all the rage
in investing. Today it has been the housing market and mortgages, and
credit (as well as oil, gold, stocks etc.) In 29 the largest investors
bought up the utility stocks, driving them to extreme over valuations.
They were so expensive the average investor couldn't afford them.
These investors packaged these utility stocks into bundles (sorta like
a closed end mutual fund) then sold shares at a premium to what they
had already paid for them, driving the over valuation even further.
Goldman Sachs and JP Morgan bought these, sliced and diced and
packaged them, and sold them to the public at even higher prices,
pushing the over valuation even further. These were the early
mutual funds and derivitives, invented by GS and others, that ended up
owned by the public at 2-3 times what they were really worth. And at each level the purchases were made with borrowed money, leverage.
Due to existing market conditions the utilities were making windfall
profits of which there were already laws against ( and dont you think
the goldmans of the world knew this as they unloaded it on to an
unsuspecting public?.) That was what originally drove up those stock
prices, As word started to leak out to the public that they were
holding the bag, the people became enraged and the government cracked
down on the utilities, enforced the laws and their profits dropped.
This government action started a stampede out of utilities, that
spread to the rest of the market as investors lost faith.
My words from here.
The over priced assets this time were home prices. For a decade or two
realestate prices have gone parabolic, the banks made so much money in
fees that they got wreckless and couldn't loan enuff money. Along
comes goldman sachs 70 yrs after 1929, they start buying up all these
over priced mortgages, bundling them, slicing and dicing them and
selling them back to the public at even greater overvalued prices.
These are the CDO's and CMO's that you may have heard of lately. These
are derivitives, short term obligations, of the long term mortgages
and debt that back them. These are what are in America's money market funds, and at the root of the problem.
It is not by accident that most 401-k's do not have money mkt funds dedicated to short term treasuries.
Once again the plan is for the public to be head bag holder at the snipe hunt.
kj
Fascinating stuff. Did you get any response from those reps?
http://dailybail.com/home/the-hammer-gets-hit-by-a-tree.html
And yes we are aware she was on PBS bill moyers last Friday and we will be presenting those clips shortly...
LOL! That's GOT to be the best, most succinct and pleasant-to-envision title I've EVER seen in my life. If only we could, if only we could.
After the hot air has dissipated, they all waltz off into the sunset, high-fiving their co-conspirators on the government side of the government/corporate revolving door with their $multimillion bonuses and ill gotten gains intact.