GOPe tries to foist this clown, who has won only his own state on us, and it will be the end of the GOP.
Millions like me will fail to attend.
To hell with it.
Let the Clinton crime syndicate have it.
Course many of those w/ bad credit scores could be victims of Kasich/s disastrous adventures w/ Lehman Brothers.
LOCAL YOKEL KASICH
Kasich/s "I'm-Just-A-Regular Guy act is wearing thin, The facts are these:
Kasich was managing director of Lehman/s Columbus, Ohio investment banking division until the bank went under in 2008. Kasich says "I wasn't involved in the inner workings of Lehman, I was a banker. I didn't go to board meetings or go and talk investment strategy with the top people."
Kasich is lying b/c a report in The Columbus Dispatch, quotes a Lehman official who said Kasich had board level and CEO relationships where he helped not only open the door for Lehman Brothers, but he also was a key member of the deal team providing advice.
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What does Kasich know about this?
The best book on the 2008-9 banking crisis that slaughtered our economy was The Sellout, by Charles Gasparino. He traces several threads:
- How the investment banks (Merrill, Lehman, Bear Stearns) had leveraged themselves into near-death experiences;
- How banks gave out low-down payment mortgages to buyers with sub-standard credit, forcing up prices;
- How the scam of "securitization" meant these sub-standard loans could be bundled up and sold far and wide (w/ great losses to the buyers);
- How the ratings agencies gave out dubious AAA ratings
- How the sales incentives to create mortgage-backed securities led to incredible short term behavior on the part of investment bankers;
- How AIG (insurance) screwed up by guaranteeing many Credit Default Swaps....etc, etc, etc.
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Kasich got the Lehman job b/c he introduced Ohio pension reps to Lehman officials (2010)
Did Kasich fcilitate Lehman doing education, transportation, municipal bonding deals for Ohio?
(The bonding scam: That/s where the pols and the bank make zillions of dollars in perpetuity....leaves the taxpayers w/ huge tax bills....in perpetuity).