Posted on 04/27/2010 7:52:07 AM PDT by MNJohnnie
Senators demanding answers on what caused the 2008 global economic meltdown were to grill Goldman Sachs chief Lloyd Blankfein Tuesday on the investment giant's alleged role in the collapse.
The US Senate Permanent Subcommittee on Investigations was to question Blankfein and other executives including Fabrice "Fabulous Fab" Tourre, the London-based French national at the heart of US fraud charges against the firm.
(Excerpt) Read more at news.yahoo.com ...
It disturbs me when I see Congress people grill the private sector about fraud. If the people in congress were running a company instead of the government they would be in prison.
These congress people should be in prison regardless of whether they are working for the government or the private sector. They are corrupt!
Are they going to go after Soros? I think he is behind the Money Market deal...
Wall Street would just buy off the new congress and president.
And who gets to choose the independent commission? Really who would make up the independent commission? Anybody who knows anything about Wall Street has extensive ties to the situation.
To all posters/lurkers:
My apologies for the senator from Missouri, Claire McCaskill.
I voted for Jim Talent, but not enough people were sane inside the
voting both in Missouri in that election.
Simple, Wall Street has proven to us once again they cannot control themselves. So we need to do the following.
Force all Investment banking/Hedge Funds/Brokerage Houses to become private partnerships - no more corporations.
Ban all non-monetary compensation from wall street for upper management. No more stock bonuses.
Finally, a transaction tax, every share bought or sold will be taxed at a penny per share. This will cut down on speculation and that money will go into paying off the bail out. They got us into this mess they’ll get us out.
Fannie & Freddie - wipe out all the shareholders and bring it back in under the federal government and continue to pay off the bondholders. Fannie & Freddie got in trouble when their shareholders looked at the “gains” from countrywide and said “Why not us?”
Nope. I am demanding accountability. Investigate, persecute, and hold people accountable. Not hand them taxpayers dollars to continue business as usual.
They should give George Soros 300 hundred years.
How about putting some of these senators and reps in the hot seat. They are guilty too.
Good to see it in print. Glenn Beck’s TV program was very informative yesterday on same subject. Obama is completely involved.
ROFL!!! Look at this! I did not see satire anywhere either.
http://www.borowitzreport.com/
Somali Pirates Say They Are Subsidiary of Goldman Sachs
Could Make Prosecution Difficult, Experts Say
NORFOLK, VIRGINIA (The Borowitz Report) – Eleven indicted Somali pirates dropped a bombshell in a U.S. court today, revealing that their entire piracy operation is a subsidiary of banking giant Goldman Sachs.
There was an audible gasp in the courtroom when the leader of the pirates announced, “We are doing God’s work. We work for Lloyd Blankfein.”
In the aftermath of the shocking revelations, government prosecutors were scrambling to see if they still had a case against the Somali pirates, who would now be treated as bankers in the eyes of the law.
“There are lots of laws that could bring these guys down if they were, in fact, pirates,” one government source said. “But if they’re bankers, our hands are tied.” More here.
People in hell demand Ice-water.
Who’s going to do it? The SEC? Elliott Spitzer?
You can’t be serious if you think anybody in the GOP is going to do something? Really their two SEC commissioners objected to bringing these charges up on GS. Wall Street money is flowing into the GOP because they’ll do their bidding.
Wall Street is too rich and too powerful to be held accountable, we might as well move on.
“A subsidiary of GC.”
You know, this idea has been a movie plot line; it’s actually possible.
Nothing being said about Fannie Mae and Freddie Mac and the Fed funding the Housing Bubble...
Congress needs the same kind of Hearing...where is Barney Frank?
Sen Levin is working Hard to make it seem illegal....what a clown!
Maddog...with all due respect, your ‘solution’ doesn’t sound conservative at all. You sound like a big government and tax/spend kinda guy. I’m confused by your ‘solutions’.
Amen.
That’s what I mean by ‘congresscritters’. I have been watching the hearings all day and with every utterance by our congressional members..my blood boiled hotter and hotter. THEY ARE THE ONES THAT CAUSED THIS WHOLE MESS!!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.