THIS is exactly the reason our politicians are busy running around the globe bribing or trying to bribe the heads of countries. They state: powerful politicians can do whatever they want & never have to be brought to a court of law or answer for it. And indeed, they do not. Not “wanting” to blame anyone TAKE A LOOK IN THE MIRROR: Congress. THIS is what goes on in the USA. Perceiving something is done usually by the senses; esp sight. So it LOOKS to the people of the USA as though Wall St is being monitored NOT to steal; this is NOT TRUE at all. The “agency” that oversees it supposedly is there for LOOKS only. Congress is fully aware & understands WHAT is going on; & gives it full approval. THEN when they are “caught” Congress of course “holds a hearing” and NOTHING is done. Same with the FDA folks: THEY are to make the public PERCEIVE & BELIEVE that there is an agency there to PROTECT them. REALITY is that it is on the side of the Gov who was bought & paid for by Corps long ago: & of course all the laws are done at Corps request; THIS is why THIS NATION is in such a mess. THERE IS NO GOVERNMENT! (there is ONLY the “people” pretending to do what is necessary to do the job) while in REALITY they do only the bidding of large businesses. Backed up with military might. Who are used as cannon fodder & tossed away: THIS is the REASON that no promises to the people are ever kept;it is ONLY for SHOW. Isn’t it TIME to get rid of all the clowns & get ourselves a GOVERNMENT that WILL DO THE WORK?

I DVRd the hearing. It was more than disgusting.

Fuld reminded me of Gonzales, in tht, he used “ole lawyer’s trick answers”. Instead of “dont recall”, he would reply “I dont believe….”, “I was not aware of….”. “I dont know off hand.” “Its not that simple…”.

Similarly , the Bailout Bill contained legally ambiguous terms like “encourage”, “incentivise”.

Reps. Cummings and Kucinich tried to nail them down, but (and I could not believe this—I called their offices), they allowed themselves (ot the Chairman did) to be LECTURED to by this schill and thiefe, on, guess what—-“ECONOMICS”!!

If the Congress had any balls, they would lock these guys up. I hear the hearing for AIG in teh backgroun. I suppose that they will let them obfiscate and bloviate away, exposing what they stole, just making us more pissed, and then, doing nothing.

I just heard, that, even though we now OWN AIG, a top executive, namwed Cassano, is STILL getting $1 million a MONTH, of our taxpayer moneyu, to “advise” Paulson in how to distribute our money.

Those gd welfare kings. I do not ever, ever want to hear a capitalist mentin the free market again. I dont think that peole should be held responsible for what they do, to obtain the things they need to surviove, ionce they have been fkleeced by the mf-ers.

You know, being screwed on a regular basis, you kind of expect it.  Glad these guys didn’t loose their houses and it is really nice to know that we didn’t pay for any of their incomes.

Todays congressional blubberfest was almost laughable! To bring in a robber-baron and ask him why he overpaid himself and his friends could not have been funnier! Fuld’s lone answer to any and all questions should have been “fuck you, I got mine. and given half a chance, I’ll do it again! because you are all gutless swine with no intention of doing what needs to be done, and that is the complete regulation of the banking and financial industries.”

The only way more hearings will make a difference is if the crooked CEO’s are dragged into the chambers in chains! Put in blocks and had the bastinado applied with a fervor!

But it will still be too late, eh? The fat is in the fire! the thieves have gotten away with the biggest heist in american history!
Who wants to be captain of this Titanic?

Shades of Zohan!

Could the dual nationals be pulling off another false flag type rip off.

http://www.rense.com/general83/400.htm

The CEO of Lehman’s was paid $500 million over eight years even as the company went into a downward spiral. ‘Obscene’ is the only word that comes to mind.

I guarantee that anyone else, yes especially “Joe Sixpack”, would be in jail for a long, long time if they had pulled off a heist like the recently completed “bailout”. 

These people are laughing at the US, its systems, its laws, and everything it supposedly stands for.  Laughing all the way to the bank!  There won’t be ANY hardship for them, not one whiff.

Guillotine. The ENTIRE corrupt nasty venomous lot of them. Stop playing nice with treasonous scum and OFF THEIR FREAKING HEADS!!!
Remember, it will be your children’s children that will pay for the Bushco disaster. Won’t they just think that “grandpa ‘n’ grandma” are assholes! Guillotine for a ‘better’ Amerikan future.

The times may be changing but the fat cats look out for themselves first and then look out for the investor last. No one at Lehman Bros. or any of the investment banks could foresee the subprime mortgage crisis? Give me a break! 
This is the result of lack of oversight and the lack of regulation of the investment banks. The compensation packages awarded to those executives who raped the American people of their life savings and then took the money and ran with it, these are the ones who caused this global financial crisis.
Oh what a tangled web we weave when we at first do deceive. The problem with the whole thing is this:
the bailout money will be used to pay the executives of the failed companies their full compensation packages and then some. Shouldn’t the companies that failed have to repay the loans that the people of America are giving them? It is my understanding from the way the speeches were made that this was not a bailout but a “buy-in.”  A buy-in of what, worthless mortgages, that now have no value because the government now owns them? Any time the government buys something it actually devalues the real asset by as much as 100%. Thereby becoming a noose around the necks of the American people driving the economy further and further into the black hole of depression. I use this analogy unwillingly, because the government in their infinite wisdom has done what the investors have not, bailed out failing markets and invested in deceptive practices that are at best inept and at worst outright theft of the people’s money.
Should this mess ever be deciphered, my wish is that the one’s who caused this mess, be prosecuted to the fullest extent of the law and then thrown under the prison for the rest of their natural lives. And I willingly state that without equivocation.
It saddens me that the people are the ones being screwed in this whole mess. For the last 4 presidents have done away with the controls and oversight that was instituted to avoid this very thing from happening again. Yes the analogy to the “Great Depression” is now valid and without so much as a whimper the House Democrats have sold the people done the river.

The aura of innocence, the feigned surprise at the financial hurricane sweeping the globe,  now being evidenced by the criminals on Wall and in government are really sickening.  Two years ago 30 percent of mortgagees were not able to make their first house payments.  Alarm bells?  Silent.

As far as Lehman goes, I’ve always thought its demise was one way for Paulson/GoldmanSachs to get rid of a competitor.