Posted on 01/27/2010 9:16:24 AM PST by quesney
So we need to know who and why this act of war was precipitated on America. Why isn't anyone asking Geither and Berneke?
Under RICO, a person who is a member of an enterprise that has committed any two of 35 crimes—27 federal crimes and 8 state crimes—within a 10-year period can be charged with racketeering. Those found guilty of racketeering can be fined up to $250,000 and/or sentenced to 20 years in prison per racketeering count. In addition, the racketeer must forfeit all ill-gotten gains and interest in any business gained through a pattern of “racketeering activity.” RICO also permits a private individual harmed by the actions of such an enterprise to file a civil suit; if successful, the individual can collect treble damages.
I can’t stand the way he tries to look intellectual or like he’s listening, head tilted to the side, a dumb vacant look on his face... but he just looks so stupid/dorky/incompetent/brain dead.
And does he remind anyone else of the villain in the movie “Ghost”?
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?
Aw gee mr and miss cleaver i’d int mean to hurt the little tyke me and the beav are buds.
“And what fuels that expansion of government?”
Stupid legislators.
“Why do we allow the government to expand?”
As the population grows, it makes sense that government would expand somewhat. However, adding oodles of agencies which have no constitutional basis has been very destructive.
Why does the quality of those in office continue to decline?”
Because they can’t get a job in the private sector. Seriously. Hubby was consulting with a gov. agency and a guy was retiring and thinking of double-dipping by entering the private sector. Told hubby, now that I see what you do, I couldn’t cut it...
Regarding the electorate, McCain/Feingold made it worse. Bad enough with one worlders- at least they knew not to kill the productive geese. NGO’s, half of them receiving taxpayer funds have shuffled monies into their off-book campaign arms and crowded out decent folk. The worse it became, the more decent folk said ‘Run, Forrest, run’ AWAY from running for office.
Sad.
http://news.muckety.com/2008/06/01/ny-feds-timothy-geithner-has-high-powered-group-of-mentors/3112
NY Fed’s Timothy Geithner has high-powered mentoring group By A. James Memmott
June 1, 2008 at 8:50am
Obama to pick Timothy Geithner as Treasury secretary If there were ever a career civil servant’s Hall of Fame, Timothy F. Geithner would no doubt be an inductee.
The president and CEO of the Federal Reserve Bank of New York, Geithner, 46, played a key role in the resolution of the Bear Stearns crisis on Wall Street.
NY Fed’s Timothy Geithner has high-powered mentoring group All civil servants can look at Geithner’s resume and realize that if they work hard, they, too, can rule at least part of the world.
At the same time, these civil servants can examine Geithner’s biography and realize that it also helps to make a few good friends along the way to power.
An apprenticeship with Henry Kissinger doesn’t hurt. Be sure, too, to get to know a few secretaries of the Treasury and a few Wall Street CEOs.
As a young man, Geithner spent many years living abroad, primarily in Japan and India, moving around because his father was a program officer with the Ford Foundation, (what a cooincidence just like Obama's parents).
He graduated from Dartmouth College and John Hopkins University with an emphasis in international studies rather than economics.
“Since college, he has pretty much gone straight up the ladder,” Gary Weiss writes in Portfolio. “No detours, no backpacking around Europe, no internship fetching coffee.”
Geithner’s first job was with Kissinger Associates, where he worked with the former secretary of state.
From there, he went to the U.S. Treasury Department, where he rose to become an aide to Lawrence Summers and Robert Rubin, treasury secretaries under Bill Clinton.
He assisted these leaders in putting together bailouts, not of companies but of nations, including Mexico and Indonesia.
During the late 1990s, Alan Greenspan, then the chairman of the Federal Reserve, also noticed Geithner.
“That whole period was one long crisis,” Greenspan told Portfolio. “(Geithner showed) a general understanding of the nature of what the problems were and what was required to right the system.”
Geithner’s circle of advisers and mentors was expanded in 2003 when he became head of the New York Fed, the most powerful of the government’s 12 regional banks.
When Bear Stearns, an investment bank, began to bleed money earlier this year as a result of the collapse of the sub-prime mortgage industry, the New York Fed took on damage-control duties.
Geithner served as the point man in the talks that led to the Federal Reserve’s loan of $29 billion to assist J.P. Morgan Chase & Co. in its buyout of the assets of Bear Sterns.
Whether or not the Fed did the right thing is reflected in the title of Weiss’ profile of Geithner, “The Man Who Saved (or Got Suckered by) Wall Street.”
That profile and profiles in other publications depict Geithner as extraordinary well-connected.
His informal group of advisers includes E. Gerald Corrigan, a managing director of Goldman Sachs and a former New York Fed president; Treasury Secretary Henry M. Paulson Jr.; John Thain, the CEO of Merrill Lynch; Paul A. Volcker, the former Fed chairman; and Peter G. Peterson, the former U.S. secretary of commerce.
James “Jamie” L. Dimon, the CEO and chairman of J.P. Morgan Chase, is a Geithner ally and a member of the board of the New York Fed.
This connection has raised some eyebrows, for it meant that in solving the Bear Stearns mess Geithner approved a $29 billion loan to a company run by a member of his board.
But Geithner argued that J.P. Morgan met the Fed’s criteria, as it was “a sound institution” that could pay back the money. Bear Stearns did not meet this test.
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