Comments on: Maxine Waters: Is Goldman Sachs Going to Manage Our Toxic Waste?

By: acquarius74

acquarius74 — Wed, 25 Mar 2009 14:13:45 +0000

Thanks for the link, tx49holdem. Brooksley Born is one tough lady! We need her as head of SEC to replace Christopher Cox, and without delay!

By: acquarius74

acquarius74 — Wed, 25 Mar 2009 14:07:15 +0000

Hugh, there is a long article in Rolling Stone by Matt Taibbi entitled, ‘The Big Takeover which reveals more about the AIG big stakes gamble (Cassano), more revelations about Goldman Sachs, and the whole stinking mess.

This is an excellent, plain-talk expose which gives details I have seen no place else. (hat tip to tx49holdem for link)

I would like to see one of your fine diaries on this article. If you have already written one, please tell me approximate date and whether it was at FDL, EW, or Oxdown.

Thanks, Hugh, for all your work.

By: drational

drational — Wed, 25 Mar 2009 12:01:44 +0000

Hold the righteous indignation. Maxine was grilling TG on conflict of interest, yet clearly had her own problem in the banking crisis.

She intervened on behalf of a bank in which her husband had been on the board and owned stocks. She did not disclose the relationship before intervening.

No matter how much we like Maxine and her commitment to progressivism, you shouldn’t pass up delicious irony when you see it.

By: guydesrochers

guydesrochers — Wed, 25 Mar 2009 05:48:28 +0000

Economist paul krugman has characterized the geithner toxic asset reduction plan as warmed over henry paulson strategy, only made more complex and partially legitimized by government involvement. The best I can gather is that wall street was elated with the geithner plan, which makes me very suspicious. It would appear that investors in these toxic instruments take zero risk for buying these assets, with the government, ie the taxpayer, left holding the bag if the investment does not work out.

Conspicuously absent in the plan: any discussion of valuation and regulation of these entities and the products they will be foisting on unsuspecting investors…. Why do I feel we are being bilked once again?

By: tx49holdem

tx49holdem — Wed, 25 Mar 2009 05:39:41 +0000

See this link http://www.godlikeproductions......744619/pg1
& story titled AIG-Gate is Now China-Gate by Tom Heneghan
International Intelligence Expert

He asserts that it is important to note that Senator Dianne Feinstein’s investment banker husband Richard Blum’s various companies are in the process of being linked to the AIG-Bernard Madoff illegal London trading platform Chinese and Singapore Ponzi Scheme - the firms include C.B. Richard Ellis, New Bridge Capital and Blum Capital.

The entire bailout and financial scandal smells distinctly like another dirty inside job on a never before dreamed of scale! There has never been anything quite so smelly…

By: tx49holdem

tx49holdem — Wed, 25 Mar 2009 05:31:26 +0000

Maybe an alternative candidate w/ previous CFTC experience by the name of Brooksley Born would be the best fit to best represent taxpayer interests. She tried to warn Greenspan about the risky nature of derivatives back in 1998 but was squelched by political wrangling. See this link

http://www.bullionmark.blogspot.com

for the full story as titled: Prophet and Loss, [Tuesday, March 24, 2009], from Stanford

By: PPDCUS

PPDCUS — Wed, 25 Mar 2009 04:14:19 +0000

GS, JPMC, MS: What you are describing is a congenital paradox. These corporations are both predatory & parasitic.

It will take more in congress like Bernie Sanders to block a hostile takeover of our government by these financial oligarchs.

Bipartisanship and faux centrism is the Shock Doctrine’s fertile crescent.

By: Suzanne

Suzanne — Wed, 25 Mar 2009 03:35:15 +0000

video of jane on maddow up at fdl

By: Litlflea

Litlflea — Wed, 25 Mar 2009 03:34:29 +0000

I’m a newbie to this site. Hope I found me a good home. I am an outside the box, opinioned, thinker.
Watching Rep. Waters today made me question myself, is she a democrat or a want-a-be republican? Geithner tried to flex his style of communication to hers, but it came out looking like he was dissing her. She just kept asking questions and did not give him a chance to answer them. It made me think of a trial judge. ‘Facts plz, just the facts. A simple yes or no is all I need to hang you’. I played interactive tv and kept yelling for her to just shut up already.

By: sadlyyes

sadlyyes — Wed, 25 Mar 2009 03:19:48 +0000

take a bow
funniest line evah

“splaining cap&trade to Jake Tapper is like teaching a cat algebra.