Why Treasury chief should be probed and fired (Rahm, Goldman Sachs, Paulson, included)

Goldman Sachs Will Be Sitting Pretty With Emanuel in the Obama White House
By: Timothy P. Carney, Examiner Columnist, Nov 21, 2008

Goldman Sachs always has clout in Washington, as evidenced by the firm’s alumni serving as Treasury secretaries under both Presidents Bush and Clinton. Today, in these tumultuous times of bailouts and meltdowns when the investment banking leviathan needs Washington more than ever before, Goldman can leverage its most valuable asset yet—incoming White House chief of staff Rahm Emanuel. Goldman Sachs is the giant of Wall Street, and more than any other investment bank, Goldman is surviving the current financial storm.

Traditionally a Democratic booster, and one of Barack Obama’s top sources of funds in this past election, Goldman has always had some particularly strong allies within government. Emanuel is one such ally. An interesting early chapter in the Goldman-Emanuel relationship took place in the setting of Bill Clinton’s campaign for the White House in 1992. Clinton hired Emanuel as his chief fundraiser.

At the same time, however, Emanuel was on the payroll of Goldman Sachs, receiving $3,000 per month from the firm to “introduce us to people,” in the words of one Goldman partner at the time. This is certainly a noteworthy relationship, but it’s one that has almost entirely escaped scrutiny. (snip)

In his four terms in Congress, Emanuel has raised $74,750 from Goldman, making the firm his number four source of funds. Goldman has helped Emanuel. How has Emanuel helped Goldman? The most obvious answer, as mentioned in this column two weeks ago, is in Emanuel’s lead role in shepherding the “$700 billion” bailout—first proposed by former a Goldman CEO, Bush Treasury Secretary Henry Paulson—through the skeptical House.

Of course, back in the Clinton days, Goldman benefited from NAFTA and the bailout of the Mexican currency, with Emanuel pushing NAFTA through Congress, and Rubin hammering out the peso bailout. Did Goldman improperly funnel money to the Clinton campaign by subsidizing Emanuel’s salary in 1992? Did Goldman’s help to Clinton spur the Democratic president to push NAFTA and the Mexican bailout?

The answers to these questions are opaque, and with Emanuel burrowed deep within the Obama White House, the continued relationship between Goldman Sachs and Obama’s right hand man won’t be easy to follow.

Watch which regulations of Wall Street Obama fights for. Watch where the bailout money goes. And don’t be surprised Goldman soon sitting pretty once again.

http://www.washingtonexaminer.com/opinion/columns/TimothyCarney/

THINGS WE DO NOT KNOW ABOUT RAHM Did Wall Street Rahm reveal all of his ties to financial institutions involved in Obama's trillion dollar federal bailout of financials.......like Goldman Sachs, for instance?

I think he should be thrown in prison and probed.

Contact the IRS Criminal Investigations Division (IRS-CI) (CALLERS CAN REMAIN ANONYMOUS)
> To report suspected tax fraud activity, Tel toll-free 1-800-829-0433
> To report suspected tax law violations, Tel toll-free 1-800-829-0433

MISSION STATEMENT The IRS-CI mission is to follow the money. No matter the source, all income earned, both legal and illegal, has the potential of becoming involved in crimes. The IRS-CI utilizes the broad authority of Title 26 and 31, tax, currency reporting and forfeiture and Title 18 money laundering, conspiracy and forfeiture to identify, investigate and prosecute the most significant tax, currency and money laundering offenders; and to pursue the assets of those offenders both domestically and internationally for criminal tax and asset forfeiture purposes.

Contact the IRS when you suspect :
> Abusive Tax-exempt Non-profit Schemes
> Unscrupulous Tax Return Preparers
> Frivolous filers/non-filers who challenge the constitutionality of the American tax system
> Income Tax Evasion
> Failure to File
> Filing False Returns
> Employment Tax Cases
> Claims for Fraudulent Refunds
> Illegal Source Financial Crimes (Money obtained illegally or through fraud)
> Narcotics Related Financial Crimes
> Money Laundering

The IRS is also interested in leadership and members of groups involved in tax, money laundering, or currency violations and persons engaged in fundraising activities using tax exempt organizations, and complex, extensive or convoluted financial transactions.

Ya, I’m sure they’ll get right on that.

Rahm. You know the routine.

Today, they are above the law, AND rewrite history at their convenience.

"Why Obama was so insistent on tax-cheat Geithner?
"...Geithner ... most of his childhood living outside the United States, including present-day Zimbabwe, Zambia, India and Thailand
where he completed high school at International School Bangkok. He attended Camp Becket-in-the-Berkshires-for-boys,
a summer camp located in western Massachusetts. He then attended Dartmouth College,
graduating with a B.A. in government and Asian studies in 1983.
He earned an M.A. in international economics and East Asian studies
from Johns Hopkins University's School of Advanced International Studies in 1985. He has studied Chinese and Japanese.

...grandfather, Paul Herman Geithner (1902–1972), emigrated with his parents from Zeulenroda,
Germany to Philadelphia, Pennsylvania in 1908. His father, Peter F. Geithner,
is the director of the Asia program at the Ford Foundation in New York. During the early 1980s,
Peter Geithner oversaw the Ford Foundation's microfinance programs in Indonesia being developed
by S. Ann Dunham-Soetoro, President Barack Obama's mother, and they met in person at least once.
Timothy Geithner's mother, Deborah Moore Geithner, is a pianist and piano teacher ...
Geithner's maternal grandfather, Charles F. Moore, was an adviser to President Dwight D. Eisenhower
and served as Vice President of Public Relations from 1952-1964 for Ford Motor Company."

"After completing his studies, Geithner worked for KISSINGER and Associates in Washington, D.C.,
for three years and then joined the International Affairs division of the U.S. Treasury Department in 1988.
He went on to serve as an attaché at the US Embassy in Tokyo.
He was deputy assistant secretary for international monetary and financial policy (1995–1996),
senior deputy assistant secretary for international affairs (1996-1997), assistant secretary for international affairs (1997–1998)."

He was Under Secretary of the Treasury for International Affairs (1998–2001) under Treasury Secretaries Robert Rubin
and Lawrence Summers. Summers was his mentor, but other sources call him a Rubin protégé..."

I think he should be thrown in prison and probed.
Let "Cartman" have a go at him. He is the master of anal probes.

I agree

“Things We Do Not Know About Rahm”

Well, we do know that Rahm is a brilliant, intellectual,
really really really smart genius and that he can do no wrong and that he is almost perfect.

/s/

IMHO

The same old incestuous relationships go on and on and on with impunity...

But he’s the only “SMART” man who can save the economy!!!!/s/