Was The First Obama Election Fixed? New Book Raises Suspicions
By Pam Martens
At Wall Street On Parade we call it continuity government. Michael M. Thomas, in a new book of quasi-fiction, calls it Fixers, the idea that no matter who comes and goes in the Oval Office, Wall Street has a fix in to make sure it is protected. The Thomas book could not come at a more inconvenient time for outgoing President Obama and the next leg of the continuity government that Wall Street hopes to install in the White House – otherwise known as Hillary Clinton.
What you’re getting in Fixers is a spellbinding analysis of the actual dirty deals that toppled Wall Street in 2008 with a new twist – a fictitious character who says he laundered $75 million into the Democratic presidential campaign of Hillary Clinton’s primary challenger in 2007 in exchange for three names on an index card.
Those three names had to become the “hope and change” President’s chief economic advisor, Treasury Secretary, and head of the criminal division of the Justice Department. These three key posts were to keep piles of bailout money flowing to Wall Street while simultaneously making sure no Wall Street executives were prosecuted for the crimes that brought on the crash.
The details in the book surrounding the three names on the index card seem to be channeling Larry Summers, Tim Geithner, and Lanny Breuer, who took the respective posts of chief economic advisor, Treasury Secretary and head of the Justice Department’s criminal division in the first Obama administration and, indeed, sluiced trillions to Wall Street while the Justice Department failed to prosecute, saying it was worried about collateral damage, such as triggering bank layoffs. Like the collapse of the U.S. economy from untamed financial corruption is not collateral damage.
Fixers takes us back to the earliest days in 2007 when the rumbles of what would become the greatest Wall Street crash since the Great Depression were first being recognized by the smart money crowd on Wall Street. Chauncey Suydam, a one time CIA agent has breakfast with his former boss at the CIA, who now heads a Wall Street investment bank called Struthers Strauss. The Struthers Strauss chief wants Chauncey to fix the election with the $75 million and put the three selected people in those key posts.
Anyone who witnessed Obama’s first press conference as President-Elect knew the fix was in. To his right stood Larry Summers and to his left stood Robert Rubin. The date was November 7, 2008. The public was repulsed by Obama having the gall to put these two on his economic transition team.
WHITE HOUSE NOVEMBER 7, 2008
OBAMA'S FIRST PRESSER WITH RUBIN AND SUMMERS
Both Rubin and Summers had served as Treasury Secretaries under the presidency of Bill Clinton and pushed for the repeal of the Glass-Steagall Act and deregulation of derivatives, two key events that led to the severity of the 2008 crash. Rubin had gone directly from the U.S. Treasury to the Board of Citigroup, the prime beneficiary of the deregulation, and collected over $125 million in compensation over the next decade. Rubin’s era oversaw a rap sheet at Citigroup that would make Bernie Madoff blush. When Rubin finally announced his resignation from Citigroup on January 9, 2009, Citigroup shareholders had lost 88 percent in the value of their shares and the U.S. government had propped up the insolvent Citigroup carcass with the largest taxpayer bailout in the history of finance: $45 billion in equity infusions; over $300 billion in asset guarantees; and over $2 trillion in cumulative, below-market-rate loans.
Continue reading at Wall Street On Parade (there's more to this story)...