EXCERPT William Cohan book, "Does Goldman Sachs Really Rule the World?" The logic of the conspiracy theorists in this regard is, of course, impeccable: Goldman alumnus Josh Bolten ran the Bush White House, while his former Goldman boss, Hank Paulson, ran the Treasury. They both speak regularly to former Clinton Treasury Secy Bob Rubin who ran Goldman before Paulson (Rubin was an Obama advisor and was later ousted from Citigroup ); Rubin 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
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The BIG question is----how much did Gangster Government pocket for blanketing Wall Street with billions and billions of tax dollars with virtually no accountability. 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." saying Paulson, et al, may not have pulled a fast one when he testified in favor of the TARP before Congress----but Congress' phony outrage is a puzzlement. 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 are enough rules, regs and CONGRESSIONAL OVERSIGHT REQUIRED that not one Thin Dime should have been 'misspent.' So if anything crooked did go on Congress should look in a mirror. They dropped the ball -- again. And the same bunch of know-nothings will run our healthcare.
This is all laughable. The federal government is no match for these sharks. LOL!
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