Archive for the ‘Bailed Out Bankers Testify’ Category
Helicopter Ben is always good for a laugh
Posted in aig, AIPAC, Bailed Out Bankers Testify, Bailout, Banks, Ben Bernanke, Comedy, Commentary, Conservatives, Constitution of the United States, Corruption, Criminals In the White House, Economic Crisis, Economic Stimulus Package, Economy, federal reserve, Golden Parachutes, GOP, Great Depression 2008, Greed, Investment Bankers, Political News, Stimulus Bill, US Attorneys, Video, Wall Street CEO's on July 24, 2009| 2 Comments »
Henry Paulson & The great American bubble machine
Posted in 15 Worst People In America- 2008, aig, AIPAC, America, Bailed Out Bankers Testify, Bailout, Banks, Ben Bernanke, Bush Administration, Corruption, Countrywide Financial, Criminals In the White House, Economic Crisis, Economic Stimulus Package, Economy, FDIC, federal reserve, Foreclosure crisis, Golden Parachutes, Great Depression 2008, Insider Trading, Investigation, Investment Bankers, Person Of The Year 2008, Stimulus Bill, Treasury Secretary Tim Geithner, tagged Henry Paulson on July 1, 2009| Leave a Comment »
This article was originally from Rolling Stone magazine, and is here shown in a blog from somethingawful.com. It seems that Henry Paulson was the former CEO of Goldman Sach’s, a time honored vampire that has sucked the life blood of the sheeple. Even in the times before the Federal Reserve.
Omnislash
May 25, 2004
This isn’t really an exclusive, but aside from a scanned PDF copy of the physical magazine, the complete article isn’t online anywhere I can see thanks to Rolling Stone being completely retarded, so I OCR’d it. This is one of the best articles he’s written yet, and even as cynical as I am, I was still sick to my stomach by the time I finished the last section.
quote:
THE GREAT AMERICAN BUBBLE MACHINE
From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression – and they’re about to do it again
By MATT TAIBBI
The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled-dry American empire, reads like a Who’s Who of Goldman Sachs graduates.
Read the whole article ~here~, or click the link at the top for a PDF file of the original article in Rolling Stone magazine.
Rep. Alan Grayson’s bill to cap executive compensation on bailed out financial institutions
Posted in aig, American Civil Liberties Union, Bailed Out Bankers Testify, Bailout, Banks, Ben Bernanke, Bush Administration, Chart of Job Loss, Congress, Conservatives, Democratic Party, Economic Crisis, Economic Stimulus Package, Economy, FDIC, federal reserve, Foreclosure crisis, Fox News, Golden Parachutes, GOP, Great Depression 2008, Greed, Investment Bankers, Jobs, Justice Department, Lawsuit, Neil Cavuto, Political News, Recession, Republicans, Stimulus Bill, Tax Cuts, Treasury Secretary Tim Geithner, U.S. Debt, Video, Wall Street, Wall Street CEO's, Washington Mutual on April 2, 2009| 3 Comments »
Well, as you probably already know, Fox News makes me feel like losing my groceries, but I had to show this video attack on Congressman Alan Grayson. This repulsive dude, Neil Cavuto, is attempting to take on the appearance of authority to trick him into giving him an absolute number on an argument that doesn’t really call for anything but a relative example.
What Alan is dealing with here is known as The “Cavuto mark”. Following a satirical segment proposing it on The Daily Show on September 13, 2006, the word “Cavuto” is sometimes used to refer to a question mark “used to turn any statement, no matter how outrageous, into a simple, seemingly fair, question.”
Barney Frank: “This is presumably a psychological disorder”
April fools day, 2009
House Republicans did their best Wednesday to battle Rep. Barney Frank (D-Mass.) on the House floor and wound up on the receiving end of some classic Frank jabs.
The bill at issue, authored by Rep. Alan Grayson (D-Fla.), would cap executive compensation at bailed-out financial institutions and it puts the GOP in a tough spot: after expressing outrage over the AIG bonuses, it’s tough to vote against the bill.
In announcing their opposition, Republicans such as Rep. John Culberson (R-Texas) took to the floor to decry the fact that the stimulus allowed the bonus payments to be made. They excoriated Democrats for not reading the full stimulus bill but said they objected to the bill on the floor that would fix the loophole that had been in the stimulus.
Frank had a field day with it.
“This is really extraordinary,” he said. “What you have just heard is a denunciation of something the Congress did a few weeks ago and a refusal to undo it. I’ve never seen people, Mr. Chairman, so attached to something they hate. This is presumably a psychological disorder which I am not equipped to diagnose. The objection of the gentleman from Texas was that when the recovery bill was passed, it was passed too quickly [and it] included a provision that shouldn’t have been in there. This bill takes it out.”
Congressman Alan Grayson on AIG: “One of Those Times We Have to Amputate”
Posted in aig, Bailed Out Bankers Testify, Bailout, Banks, Ben Bernanke, Bush Administration, Cheney, Corruption, Criminals In the White House, Dick Cheney, Economic Crisis, Economic Stimulus Package, Economy, federal reserve, Great Depression 2008, Homelessness, Investigation, Investment Bankers, Jobb Loss, Justice Department, Republicans, Right Wing, Scandal, Stimulus Bill, Treasury Secretary Tim Geithner, US Attorneys on March 17, 2009| 2 Comments »
by Geezer Power
By Elana Schor – March 16, 2009, 2:52PM
I just spoke with Rep. Alan Grayson (D-FL), a freshman on the House Financial Services Committee who’s become a fast-rising star thanks to his tenacious advocacy for transparency in bailout lending by the Federal Reserve.
Grayson joined fellow Democrats as well as Republicans in blasting AIG for its refusal to give up hundreds of millions of dollars in bonus payments. He painted the government’s choice as a stark one, using the metaphor of treating a wound versus amputating a limb.
“It’s not clear to me at all that we’re taking the correct approach by allowing AIG to continue to operate, regardless of who owns it,” Grayson told me. “At this point, ownership is becoming an amorphous concern when comes to a company that borrows millions and millions without any prospect of paying it back. … Do we continue to allow the bleeding or not?”
Converting AIG from a ward of the state in all but name to an outright arm of the government would be a politically controversial move, given the level of apprehension in Washington over calls to nationalize failing banks.
But Grayson views the dilemma facing lawmakers as a common-sense decision: AIG executives who made more than a million dollars while running the company into the ground should immediately be fired. “The people who caused the problem are not going to be able to solve it,” he said.
Fed Lends Two Trillion Without Oversight
Posted in American Civil Liberties Union, Bailed Out Bankers Testify, Bailout, bush, Cheney, Congress, Conservatives, Constitution of the United States, Corruption, Criminals In the White House, Democratic Party, Economic Crisis, Economy, George W. Bush, Golden Parachutes, Great Depression 2008, Greed, International Court at the Hague, Investigation, Investment Bankers, Republicans, Treasury Secretary Tim Geithner, Uncategorized, Vice President Dick Cheney, Wall Street, Wall Street CEO's, war crimes, Warrantless Wiretaps, Whistleblower, White House on February 17, 2009| 1 Comment »
by Geezer Power
So, you know about the Treasury’s $700 billion bailout plan. But you probably don’t know that the Federal Reserve has lent out about $2 trillion since September. Few do. And that is what’s irritating bulldog Congressman Alan Grayson. Will he be able to shed a light on the Fed’s secret spending?
Grayson raises voice, hackles in D.C.
Mark K. Matthews | Washington Bureau
February 9, 2009
“WASHINGTON – In just a few short weeks, freshman U.S. Rep. Alan Grayson, D-Orlando, has delivered more memorable quotes than some members of Congress do in an entire career.”
“In interviews, the 6-foot-5-inch Grayson downplays his combative approach, bridling at a reporter’s use of the “abrasive” label and saying that he would not have been assigned to the House Science Committee — the “most bipartisan committee in Congress,” he said — if he wasn’t collegial.”
“Meanwhile, his Dylan-quoting, freewheeling stance has earned him liberal fans nationwide, including Darcy Burner, a failed Washington state congressional candidate who has already asked supporters to back Grayson’s re-election campaign.”
“He’s going to have a vicious re-election battle in two years, and he’s getting pressure to sell out to the lobbyists and corporations so that he’ll have enough money to fund his re-election. That, my friends, would be a real pity,” Burner wrote in a letter.
“Fundraising, however, is unlikely to be a problem. He is the 10th-wealthiest House member, with assets of more than $29 million, according to the Center for Responsive Politics.”
Here’s Grayson’s alter ego Steven Seagal as an abstract, reality TV, illustration of what should really happen to the major players in the shadow government that still hangs over the White House.
(Former) (UK) Banking Bosses Say Sorry
Posted in Bailed Out Bankers Testify, Bailout on February 11, 2009| Leave a Comment »
February 10th 2009 | Sky News
Four of Britain’s top bankers have apologised to a committee of MPs for the distress caused by the financial crisis. But they did not accept responsibility for the credit crunch. Joey Jones watched their evidence to the Treasury Select Committee.
Anthony says:
Yesterday it was the turn of former UK bank bosses to appear beofre the Treasury Select Committee. Today US bank bosses will be appearing before a select committee of Congress. Talk about parallel universes!
U.S. bank chiefs face grilling in Congress over bailout funds

Executives from the financial institutions who received TARP funds testifying at a hearing on Capitol Hill on Wednesday. (Doug Mills/The New York Times)
Louise Story | International Herald tribune | February 11, 2009
WASHINGTON: Eight of the top bankers in the United States faced off against skeptical lawmakers in Congress on Wednesday who questioned their use of tens of billions of dollars of taxpayer money and pointed out the growing public anger at the banks in the bailout.
“When you took taxpayer money, you moved into a fishbowl,” said Representative Paul Kanjorski, Democrat of Pennsylvania. “Now, everyone is rightly watching your every move from every side.”
The eight banks collectively received $125 billion in bailout money in exchange for shares in their companies, and two of them – Citigroup and Bank of America – were given tens of billions of dollars more because of their financial problems.
MSNBC | February 11, 2009 08:58 AM
The eight chief executives from bailed out Wall Street banks are testifying today before Congress. The CEOS will be quizzed aggressively on how they have used more than $160 billion in taxpayers’ money.
Watch the hearing live here
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