Senator Clair McCaskill To Goldman Sachs Executives: "You Were The Bookie AND The House" (VIDEO)

Originally published in April of 2010.

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Video - Senator Clair McCaskill at today's hearings - April 27, 2010

Short clip from earlier today.  McCaskill said to execs from Goldman Sachs:

• "You are the bookie. You are the house. You have less oversight and less regulation as you all began this Wild, Wild West of tranches, waterfalls, residual warehousing...You had less oversight than a pit boss in Las Vegas."

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Commentary on the hearings from Dylan Ratigan...

Ratigan begins at 4:50; Senator Tester precedes him.

Comments

[Zarathustra]

Why does Claire get to sound so clever, she has finally read a few articles and now she thinks she knows her shit? This is a democrat circus for its intellectually challenged supporters. Another lawyer, God help us. Barry and Lloyd have already broken bread and cut a deal on getting the demoncrats to the next election with something more than the Tea Party to talk about. The last thing Barry wants to do is talk about the real culprits, the gay mafia Elmer Fudd talking Barwney Fwank and the failure of the SEC and the Federal Reserve under Geithner and Bernanke. Look at the government takeover of healthcare, a gamble that Barry is willing to make with no business experience to back up his faulty socialist beliefs. All he has is his Marxist Leninist ideology and the fact that he can’t be held accountable because he is a fraud who isn’t even eligible to hold his job. The only thing that will come of this is that Katie Couric will be able to fill her lib news program.

[Zarathustra]

Let's see if Barry has the balls to go after Lt. Col. Terry Lakin.

[James H]

"Barry...has only one big ball,
Biden...has two but they are small..."

http://en.wikipedia.org/wiki/Hitler_Has_Only_Got_One_Ball

[Zarathustra]

http://www.youtube.com/watch?v=FxhAmWvPPrQ

[Tom Degan]

As Jimmy Paige once wrote - or was it Robert Plant? - "It makes me wonder". I wonder what defect it is in the psychological makeup of a group of human beings that would have them putting the health and well being of millions of other human beings behind the private profit of a very few. Most of these lawmakers who live in the pockets of the Plutocracy call themselves "Christians". Have they ever made a serious study of the books? You know! - Matthew, Mark, Luke and John? - Those guys! How do they justify their actions? How do they sleep at night? We're talkin' major hypocrisy here! That's what makes them so much fun to watch! I always get a certain twisted delight in watching their fake piety. Imagine Wendy O. Williams being cast as Bernadette of Lourdes; or Marilyn Manson as Mahatma Gandhi. It's kind of the same thing.

Sooner or later our right wing friends, within the Congress and without, are going to be forced to admit that the era of anything goes deregulation was a really stupid idea. You can only sit calmly in a burning house, ignoring the flames all about you, for just so long. Sooner or later you'll be forced to flee for your life. After making your escape, if you still refuse to acknowledge that the house is indeed on fire, you're beyond the point where you can make rational decisions on your own. You've entered Librium Country, hombre!

http://www.tomdegan.blogspot.com

Tom Degan

[DailyBail]

great stuff tom...i enjoyed reading it...nice work with your blog as well...anytime you wish, you can email me to submit stories for publication here with links back to your site...

[Econoranter]

Don't worry, they're not really mad at each other; this is the way they play! Common, we all know that the voters are somewhat pissed at McCaskill because of her tax cheating, lying, her contempt for the voters of Missouri and her lock-step with Obama voting. She thinks if she gets on TV and raises hell with the Goldman guys the morons who vote in Missouri will forget all about the "Air McCaskill" fraud, the tax cheating and all that so she can get re-elected in 2012.

I doubt it; I know some people from Missouri and they usually won't puit up with being peed on by scumbag politicans.

[jbw]

What kills me is, this senator, Sen. Levin, etc. raise holy hell for the C-SPAN cameras but these are the VERY SAME assholes who voted for the 'Patriot' Acts, the creation of our very own Gestapo, DHS, ObamaCare, etc. All treasonous, lying bastard hypocrites....

[JoJo]

and if a senior citizen pockets a can of cat food and gets caught--handcuffs and arrested, mugshot, prison, humilated. But! not the Ashkenazism Money changers-Oh! No! Untouchables--wrecked the country,while their loot is transferred into gold bars. Why are Americans so FKN stupid morons?
CatLady--says get the pitchforks :^(

[Garrick S]

The taxpayers bailed out the banks with hundreds of billions or trillions, to "protect investor confidence" in the financial system.

On the other hand, the banks will lobby to prevent any laws or regulations that would reign in their risky behavior, investor confidence not a concern when it limits their freedom to defraud investors.