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Archive for the ‘Investment Bankers’ Category



Rolling Stone feature discusses issues explored in The American Ruling Class

facebook July 16, 2009

by Alive Mind

The American Ruling Class has never been more relevant to the current news cycle or to the collective consciousness of the American public. Goldman Sachs is announcing record profits and it is the subject of a big Rolling Stone expose in which Matt Taibbi discusses “The Great American Bubble Machine,” stating, “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.” Does Goldman Sachs still rule the world? Find out the back story with the feature documentary, The American Ruling Class.

John Kirby , the director for this film, also posts on the Providence Journal and has done an article on “Building What”. The ad and “Geraldo-at-Large” spot can be seen on the family-members’ campaign Web site, .buildingwhat.org.

The movie, about an hour and a half, can be seen on HULU

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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.

kudos to Omnislash

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Armey’s Axiom: Don’t Take Me Seriously


The corporate lobbyist behind freedomworks.org/ is non other than the architect for Bu$co’s Homeland Security program, Richard K. Armey. He is now Senior Policy Advisor Co-Chair, Homeland Security for DLA Piper.

This article appeared in Israel Venture Capital Journal in June 2003 and is produced by permission of the publisher. If you want much information from this publication, you’ll have to subscribe. The more thousands of shekles you pay the more info you get.

Former congressman Dick Armey served as chairman of the select committee on Homeland security and was the principle architect of the homeland Security Act of 2002.

Homeland Security Advanced Research Projects Agency,
HSARPA modeled after DARPA is shown by the Googleplex to be hsarpa.com.

Israel Venture Capital: Views on 911

The enduring Israeli-American relationship has been based on shared values and common interests. The tragedy of 911 joined our nations in another way that neither of us wanted-as democracies challenged by the menace of terrorism.

The enduring Israeli-American relationship has been based on shared values and common interests. The tragedy of 911 joined our nations in another way that neither of us wanted-as democracies challenged by the menace of terrorism.

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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”

Huffington Post

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.”

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by Geezer Power

TPM

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.

Article

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American Free Press

March 6. 2009

The Bank of England’s extraordinary decision to create £75 billion to fight the credit crisis has won praise among the press as a bold, if risky move.

~$~


Risky indeed folks. After repeatedly slashing the prime lending rate to a near zero now they are going to be buying more government bonds so they can increase the money supply by increasing debt. This is much like the the US government is doing, except that the UK is admitting that they are printing the money. How can we believe that Helicopter Ben is not doing the same?

75 billion = 675 billion available for lending and then portions get deposited etc…..

“Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.”
Sir Josiah Stamp, Director of the Bank of England (appointed 1928). Reputed to be the 2nd wealthiest man in England at that time.

VIDEO

Let me issue and control a nation’s money, and I care not who writes its laws, — Mayer Rothschild (1743-1812)

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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.”

The rest of the story

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.

Youtube video

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Geezer Power

Rep. Alan Grayson asked Citigroup CEO Vikram Pandit about the terms of the government assistance his firm received, and read comments from several angry constituents. He is one of the more Progressive Democrats on the Obama team and should prove to be a real asset, especially on issues of accountability.

Grayson also has a record of combatting war protiteering and waste concerning the Defence Industries, as he points out, “the money we have thrown away on war profiteers could go a long way on the domestic front”.

Because of his track record suing defense contractors, Grayson is completely uninterested and unintimidated by ridiculous arguments about secrecy and national security. He thinks that war crimes have been committed, that people need to be put in prison, and that we absolutely cannot let bygones be bygones with the 2000-2008 era.


I really like this guy. Here he is defending Obama from the attacks of right wing media spin, as Rush Limpballs gets a perspective from the other side of the mirror.

“Rush Limbaugh is a has-been hypocrite loser, who craves attention,His right-wing lunacy sounds like Mikhail Gorbachev, extolling the virtues of communism. Limbaugh actually was more lucid when he was a drug addict. If America ever did 1 percent of what he wanted us to do, then we’d all need pain killers.”

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Wall Street CEOs, investment bankers charged prostitutes on corporate cards, madam says

Raw Story- John Byrne
Published: Friday February 6, 2009

Investment bankers racked up $100,000s in prostitution charges

Visa, Mastercard or American Express? Or maybe a credit card from JP Morgan Chase?

Wall Street CEOs, lawyers, bankers and media executives chalked up thousands of dollars in prostitution charges on their corporate credit cards — swiping their cards for $2,000 an hour prostitutes, according to a New York madam who pleaded guilty last year.

Kristin Davis, the madam in question, went public to ABC News this week; ABC will be broadcasting her interview Friday at 10 pm. Davis says she has a list of 9,800 clients, many of whom she says New York prosecutors deliberately avoided when taking her case, even though she offered them her annotated client list.

In what’s sure to create a media firestorm parallel to that of when a Washington, DC madam announced that she was publishing her client list (which included at least one senator), Davis’ comments come at a time where incredible ire is already focused on Wall Street and banking executives. The pressure for her to release the list will certainly be immense.

MORE HERE

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