“A Thorny Issue” For Capitalism & Open Thread
By SusanUnPC on March 26, 2009 at 8:22 PM in Corruption, Economy, Open Thread, Stimulus Plan, Tim Geithner
I took notice that Timmy Geithner rolled out his big regulation scheme after the horses have already left the barn and are galloping free without restraints, freed from the reins, the saddles, the crops, or the boots in their bellies. Yes, the scheme arrives after he’s created a “toxic assets” plan that’s a one-sided bet, paid for handsomely by unknowing taxpayers, in order to enrich his influential friends and past and/or future benefactors to Mr. Obama’s campaigns and the Democratic parties. Yes, it’s “follow the money.” And it’s prioritize: Fill the coffers of “The One,” and then do a showy smackdown as the Mr. Moneybags chuckle over the taxpayers, kept unaware (unless they read economists’ columns) paying six times what they have to put down for every asset buy. (Pssst. What’s BELOW is for adults only.)
ADULTS ONLY — here is Bear Stearns’ famous (infamous) Jimmy Cayne, from a Financial Times book review of the January 2009 book, “House of Cards: A Tale of Hubris and Wretched Excess on Wall Street“:
Cohan does not offer us a guide through this maze. In spite of his subtitle about hubris we are meant, I think, to be in awe of the larger-than-life characters who populate Manhattan restaurants and New Jersey golf clubs, though also to be faintly appalled by their greed and aggression. They talk tough, certainly. Here is Cayne on Tim Geithner, then the president of the New York Fed, now the Treasury Secretary, when he refused to bail out his bank. “This guy thinks he’s got a big dick. He’s got nothing, except maybe a boyfriend. I’m not a good enemy. I’m a very bad enemy … for some clerk to make a decision about whether or not they’re a good credit? Who the f*** asked you? I want to open up on this f*****, that’s all I can tell you.”
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I think this ties into the story. I get so confused anymore where one story ends and the other begins. Not from NQ writers, I think you all do a fantastic job. I’m speaking about the reality.
Might help if I gave the link, eh? Sheesh.
http://tinyurl.com/dljeqp
Used the link ordered it. Thanks SusanUnPc.
It is a case of the body politic not knowing that a slight of hand is occuring.
I keep wondering about the energy of 18 million people and what happened to that focused intent. It has not gone away but is beneath the surface. It was interesting to note the poll you posted still had SOS Clinton indie’s solid support, irrespective of her jester BO.
BO said we won’t get “those jobs back”. Instead we will have renewable jobs…
Ilook forward to the book, as someone who would watch them go to work al rosie with calone in the am and home again on the LIRR ties pulled sloppy, eyes bloodshot and worn, sucking beer from a plastic cup.
Rep. Bachman is an attorney and a CPA. She gets labeled in the Twin Cities and MSNBC as a radical. I rarely agree w/ her but I appreciate her calling it straight, as she sees it, and politely not mincing words.
I’m not surprised at the quote from Geithner. I’ve said for ages that the wheeler dealers on Wall Street were doing nothing more than playing a huge game of whose dick is bigger. Pissy little insecure frat boys, the lot of them.
I’m getting really tired of a male-hierarchal society continually fucking up the lives of millions, all because they seem constitutionally incapable of THINKING, and instead turn everything they touch into one big wankfest virility contest.
Yeah, you have winkies. I get it. I am *cough* suitably impressed. Here, here’s my impressed face.. Oooooooooo!
Now may we zip up and fix the fucking country, please?
Take a look at the picture of this dip head.
http://en.wikipedia.org/wiki/File:Lula_-_foto_oficial05012007_edit.jpg
This guy looks like the other white meat to me.
President Barack Obama’s intelligence chief confirmed Thursday that some Guantanamo inmates may be released on US soil and receive assistance to return to society.
“If we are to release them in the United States, we need some sort of assistance for them to start a new life,” said National Intelligence Director Dennis Blair at his first press conference.
“You can’t just put them on the street,” he added.
http://www.breitbart.com/article.php?id=CNG.18e9e5692442aa61d7510553b5ffc14e.e01&show_article=1
I do not want them loose on the streets. My gawd.
What’s this about Oblow sending 4,000 additional troops on top of 17,000 to Afghanistan. http://www.foxnews.com/politics/first100days/2009/03/26/obama-announce-deployment-troops-afghanistan/
Where are all the “anti-war” big mouths who voted for O? Why aren’t they freaking out on him.
Cindy Sheehan is!
And so is Amy Goodman of DemocracyNow.org.
I’m watching Hannan from the UK talking about Universal Health Care. They have exactly what Obama wants to do to us…a governing body, NICE, that decides how to “ration” health care. They recently decided not to give medicine to women with breast and stomach cancer. Change you can believe in? Keep in mind that the wealthy will always find a way to get the best health care, no matter how far they have to travel or what they have to pay. It’s the every day taxpayer who will die slow, painless, and unnecessary deaths because of this nonsense.