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To: bentway who wrote (245542)4/25/2010 1:16:02 PM
From: patron_anejo_por_favorRead Replies (3) | Respond to of 306849
 
Put Eliott in charge of the SEC, he'll get the porn cleaned out in a jiffy. Kinda like making Joe Kennedy the first SEC chair, he knows what the crims do because he was one of them.

Plus he's got a score to settle with the banksters for setting him up, I'm sure (not that he wasn't more than willing to leap into the trap, errr, head first.)



To: bentway who wrote (245542)4/25/2010 3:38:21 PM
From: RetiredNowRead Replies (1) | Respond to of 306849
 
bentway,
Let's start asking some questions:
* Why did the SEC file their civil suit against GS exactly when they did? And why just a civil and not a criminal suit?
* Why did GS come out fighting, instead of meekly saying mea culpa, paying a small fine, and brushing it under the rug?
* Why are we informed by the media, shortly after the SEC filed suit against GS, that the the SEC folks are surfing porn right?

Here's what I think is happening. GS has all sorts of power at ever level of government. They fucked up big time and put millions of Americans out of jobs, but not on GS staffer has paid the price. Instead, our government funded by our tax money bailed out AIG, which promptly paid GS out on their CDS bets. GS made out like a bandit, although now they are telling us they lost money on the deal with Paulson. That's a red herring.

So the SEC, which normally uses soft power to keep these guys in line, comes out and sues them? The SEC didn't want to come out with it right now and they didn't want to use hard power. However, the Obama administration or the Dems probably strong armed them into doing it, so that they could push through their financial reform, which the GOP was fighting tooth and nail against. It's a gambit that's working so far, because it's cast the GOP in a bad light and ratcheted up the pressure. However, GS knows they have all the power, so they are going to piss all over the SEC. They are going to start by using their muscle to discredit the SEC, such as these porn allegations, then they'll start by tearing them a new one in the courts. The SEC will be a laughingstock for suing GS, when it is all done.

However, none of this matters. Ultimately, GS will pay a fine of $100 million, while no one goes to jail and the GS employees continue to live off the fat of the American public. The so-called financial reform they are passing may bring more scrutiny to the entire industry, but it certainly doesn't address the root cause.

As long as one man is able to buy fire insurance on another man's house, at the same time that the house is on fire, we will always have a fundamentally corrupt system in place. Or worse, if the first man buys insurance and then sets the house on fire and no one is prosecuted criminally, then we're all subject to the mafia controlling our economy. The only difference is that this mafia wears suits and is in bed with the Fed and Treasury.

The US is corrupt. If you believe that in your bones as I do, then let's talk about what to do about it next. I believe Carter style inflation is coming along with a serious devaluation in the USD. The only thing I can't figure out is when and what to do about it. If you have any ideas, please post them on my new thread:
Subject 57989



To: bentway who wrote (245542)4/26/2010 2:20:46 PM
From: Jim McMannisRead Replies (3) | Respond to of 306849
 
RE:"Let's rehab Elliot Spitzer and sick him on Wall Street, a cesspool he's already well familiar with. He's not into porn - he LIVES it on his off hours."

Interesting you bring up Spitzer. He goes after Wall Street and voila!, he's outed for buying hookers.

The SEC indicts Goldman Sachs and voila....all of a sudden they are outed for downloading porn.

Coincidence or "tit for tat" from Wall Street?

As Marcher said...this is going to get uglier...