I was reading a thread on ZeroHedge yesterday that claimed JPMorgan got WaMu for...NOTHING, for FREE, essentially.
The bankers ARE the bandits, and the gov just sits around wanting there take.
We don’t HAVE a country anymore. It’s been sold. To China? To the Arabs? To the UN? who knows?
EXCERPT The logic of the conspiracy theorists in this regard is, of course, impeccable: Goldman alumnus Josh Bolten runs the Bush White House, while his former Goldman boss, Hank Paulson, runs the Treasury. They both speak regularly to former Clinton Treasury Secy Bob Rubin, now at Citigroup (later an Obama advisor), who ran Goldman before Paulson and who keeps Paulson and Bolton dangling like puppets on a string.
They all supposedly touch base with the heads of the Italian and Canadian central banks—both Goldman alumni—and with ex-Goldman Robert Zoellick, head of the World Bank.
Paulson is now getting his advice on how to handle the crisis from Ken Wilson, recently retired Goldman partner and financial-institutions M&A banker, who Paulson just recruited to Washington to help him out. Already at Treasury were Goldman alumni Dan Jester, Anthony Ryan, David Nason and Bob Hoyt, the department's general counsel.
And—--the conspiracy crowd can't help but point out—Neel Kashkari, 35, a former Goldman VP who Paulson recruited as his Assistant Secretary of international affairs in 2006, has just been appointed—by-Paulson—to run, on an interim basis, the $700 billion TARP bailout fund." END EXCERPT
The BIG question is----how much did they pocket from "Wall Street cornies" for blanketing them with billions and billions of tax dollars with virtually no accountability. NOTE we may never know if Paulson and Kashkari bailed out their friends and cronies but I'll betcha wire transfers offshore musta been going 24/7.
The $700B TARP Bailout is now being called, "A MASTERFUL DECEIT." I'm not saying Paulson, et al, didn't pull a fast one when he testified in favor of the TARP before Congress----but I'm a bit puzzled by Congress' phony outrage. If HR 1424 was a 'MASTERFUL DECEIT' then CONGRESS didn't do its job.
TITLE I—TROUBLED ASSETS RELIEF PROGRAM (required 'Congressional Oversight' sections listed)
Sec. 101. Purchases of troubled assets.
Sec. 102. Insurance of troubled assets.
Sec. 103. Considerations.
Sec. 104. Financial Stability Oversight Board.
Sec. 105. Reports.
Sec. 107. Contracting procedures.
Sec. 108. Conflicts of interest.
Sec. 111. Executive compensation and corporate governance.
Sec. 116. Oversight and audits.
Sec. 118. Funding.
Sec. 119. Judicial review and related matters.
Sec. 121. Special Inspector General for the Troubled Asset Relief Program.
Sec. 125. Congressional Oversight Panel.
Sec. 127. Cooperation with the FBI.
Sec. 129. Disclosures on exercise of loan authority.
In HR 1424 there's enough rules, regs and CONGRESSIONAL OVERSIGHT REQUIRED that not one Dime should have been 'misspent'. So if anything funny did go on Congress should look in a mirror. They dropped the ball -- again. And the same bunch of jerjs will run our healthcare.
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CIRCA Sept 15, 2009 A SHOCKING DISPLAY OF OBAMA'S THIRST FOR POWER
FOX News' Judge Napolitano notes: if implemented, the unconstitutional proposals Obama urged in his Sept 2009 speech to Wall Street will amount to a final coup d’état by banksters, their technocrats and enforcers, at the Federal Reserve (*the privately-held bankster cartel that masquerades as a government agency).
Obama's "reforms" would install a dictatorial regulatory power controlled by international bankers over the entire US economy — down to the local grocer and hot dog vendor on the corner.
It will control our lives down to the smallest detail. It will require us to ask permission for the most mundane and routine of financial transactions. IT MUST BE BE RESISTED AT ALL COSTS. VIDEO LINK AVAILABLE Judge Andrew Napolitano On Obama/Bankster Takeover