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It’s Greek to Goldman Sachs

Posted on Jun 30, 2015

Petros Giannakouris / AP

Greece’s economy, much like the ancient Parthenon, is in ruin.

By Robert Scheer

Editor’s note: This column, which was originally published on Truthdig on Feb. 17, 2010, is reposted here as a reminder of a moment in Greece’s recent history that contributed to that nation’s current crisis.

“What is this Goldman Sachs and why has it caused us so much grief?” is a question they must be asking in even the most remote of Greek villages, as they are throughout much of this economically troubled world. The Greek financial scandal in which Goldman Sachs stands accused of selling dubious derivatives that concealed enormous government debt has sent the Greek economy and European markets into a tailspin. But that’s just part of a made-in-the-USA banking hustle that has haunted folks at home and abroad.

At the heart of the worldwide banking meltdown are those mysterious unregulated derivatives that Goldman and JPMorgan led the way in selling. But Greece’s case did not involve the usual questionable mortgages packaged into derivatives with credit default swaps backing them up, but rather expected revenue on airport fees and other potential sources of the cashed-strapped government’s future income.

As The New York Times headlined it: “Wall St. Helped to Mask Debt Fueling Europe’s Crisis.” The story described the scam succinctly: “As in the American subprime crisis and the implosion of American International Group, financial derivatives played a role in the run-up of Greek debt. Instruments developed by Goldman Sachs, JPMorgan Chase and a wide range of other banks enabled politicians to mask additional borrowing in Greece, Italy and possibly elsewhere. ... Critics say that such deals, because they are not recorded as loans, mislead investors and regulators about the depth of a country’s liabilities.”

As a result of such shenanigans back in 2001, Greece was allowed to join the Economic and Monetary Union of the European Union while running up enormous debt that went undetected. Greece’s neighbors will now be forced to bail it out, much as U.S. taxpayers have done for banks as a result of the scams Goldman and other financial houses pulled off in this country. The common denominator is that the packagers of the collateralized debt securities, be they based on subprime mortgages or government airport fees, have no real interest in the integrity of the packages, for they will balance them out with credit default swaps that pay off when the assets prove toxic. And they will make their lucrative commissions coming and going, no matter what goes wrong. Even after all the trouble in Greece, Goldman President Gary D. Cohn was back in that country last November with a new derivative scam based on potential revenue from Greece’s health care system.

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Just as it did with mortgages in the U.S., Goldman in effect bet against the collateralized Greek debt obligations. The basic issue is the same. The thing being sold need not be understood or correctly assessed as to its value. In his recent memoir, former Goldman Chairman Hank Paulson confesses that as late as August 2006 when as the newly appointed treasury secretary he briefed George W. Bush on the impending derivatives crisis he did not even know that the packages that Goldman and others had sold were based on mortgages. “I misread the cause, and the scale, of the coming disaster,” he admits, adding, “Notably absent from my presentation was any mention of problems in housing and mortgages.” In recalling when an obviously perplexed President Bush asked him “How did this happen?” Paulson says in his memoir: “It was a humbling question for someone from the financial sector to be asked—after all, we were the ones responsible.”

He got that right. The financial sector was and is responsible, but it still resists increased transparency and other necessary regulations over the derivatives that gamblers like Paulson themselves don’t understand. As Peter Eavis writes in The Wall Street Journal: “How many more crises will it take? The Greek emergency is a reminder of how little has been done to fix large, potentially unstable parts of the financial system. ... The banking lobby is resisting efforts to overhaul the $605 trillion market for derivatives that don’t trade on exchanges.”

The U.S. comptroller of the currency estimates that Goldman Sachs has a derivative “credit exposure” that is a whopping 858 percent of its risk-based capital and that JPMorgan Chase is in second place at 290 percent. That statement calls into question the savvy of President Obama, who crowed just last week in defense of Goldman CEO Lloyd Blankfein and Jamie Dimon, his old Chicago buddy who heads JPMorgan Chase, “I know both those guys; they are very savvy businessmen.” Tell it to the Greeks.

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By Payday Loans, July 13, 2010 at 12:29 am Link to this comment

This is a particular poor representation of the capitalist system. I am of the belief that significant financiers in Wall Street were aware of this looming catastrophe. Shame Shame.

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By garth, February 21, 2010 at 3:28 pm Link to this comment

Just think, if we can stay alive for a little while longer we might be around to see the end of it all.  They’re by no means going to stop at bringing the world to its knees economically.  The right-wing thinker Strauss suggested reducing the world population to 50 million and starting over again.
You can put a message in a bottle and bury it in your back yard.
We’ll be known historically by Dick Cheney’s phrase, the Dead Enders.

Patrick Henry is right on.  It’s up your keister for Greek Easter.

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By EricF, February 20, 2010 at 9:52 am Link to this comment
(Unregistered commenter)

I remember that the State of California was talking with Goldman Sachs last
summer about some kind of arrangement like they did for Greece. It was going to
involve selling future revenues from the California Lottery, so that California could
fill their giant budget hole with a loan that is not reported as a loan. I don’t
remember what happened to it.

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By markus Kurtz, February 18, 2010 at 3:03 pm Link to this comment
(Unregistered commenter)

Hey!  Does anyone remember the"Bitterburgers” ?  There’s Your Answer!  What a
ingenious question for George W. to ask Paulson, “HOW DID THIS HAPPEN”?  GEE
WHIZ, MR. MORON, WHY DON’T WE ASK TIGER WOODS WHY HE PLAYS GOLF.
MADOFF,COHN, GREENSPAN AND BLANKFEIN ARE THEY ALL BROTHERS OF THE
SAME FRATERNITY?

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By mcthorogood, February 18, 2010 at 1:46 pm Link to this comment

My favorite site about Goldman Sachs

http://www.goldmansachs666.com

That’s Goldman Sachs followed by the Mark of the Beast dot com.

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By sabropisac, February 18, 2010 at 12:28 pm Link to this comment
(Unregistered commenter)

Thank you, truthdigger3, for the explanation. So, it wasn’t the EU that Greece joined in 2001 but the Euro currency. Might be worth correcting in the article, otherwise us across the pond might dismiss this otherwise really good piece. Thanks

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By truedigger3, February 18, 2010 at 10:00 am Link to this comment

Re:By sabropisac, February 18 at 5:49 am #

The Euro currency was introduced in 1999. Then by 2001 it became the ONLY currency of all members who satisfied certain conditions wich included then 16 countries and one of them is Greece.  All these countries agreed to certain amount of allowed budget deficits and Goldman Sacks helped Greece with devising ploys and shenanigans to have deficits above the allowed limit and hide it from EU auditors.

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By yours truly, February 18, 2010 at 5:57 am Link to this comment
(Unregistered commenter)

Privatized public service of any kind (banks, health care, education, prisons) is an oxymoron.  What’s the answer?  Public ownership, as in the Bank of North Dakota and the Bank of China, both of which are doing very well, despite being run by paid public servants, with the CEO of the Bank of China earning a paltry annual salary of $300,000 U.S., which is chump change on Wall Street.  Holding back nationalization is the myth (perpetrated by none other than Wall St.) that banking is too intricate and complicated for ordinary mortals, hence the need for self-proclaimed wizards such as the current CEOs of J.P Morgan & Goldman Sachs.  The recent report on the Bank of North Dakota hints at how much better off we the people are when there are publicly owned banks,  eager and ready to work with businesses and communities to advance the common good.  And towards this goal, not allowing the publicly owned bank’s top executives to skim who knows what percentage of the take right off the top (for themselves, of course) has to be a giant step forward, since there’s that much more money available to stimulate econonuc growth.  How much more?  Well, with the skim-off in privatized health insurance companies reported to be at least 30 percent, would the amount stolen by banking CEOs be any less?  Down with privately owned banks and put the banksters on trial!

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By sabropisac, February 18, 2010 at 1:49 am Link to this comment
(Unregistered commenter)

Nice article except one glaring mistake: Greece joined EU in 1981, NOT in 2001. So, you may need to re-do and explain your argument about Greece joining EU with the debt undetected, etc, etc.

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By Nom, February 18, 2010 at 12:54 am Link to this comment

This is just typical Corporate corruption. Corporates like JP Morgan and Goldman Sachs using the mask of democracy to empower themselves; and ridicule human rights. So why is the King Code of Corporate governance even in place; if entities like the above-mentioned can totally disregard the principles therein, with no severe consequence. How many more Enron’s must there be, before corporate greed and corruption can be seen as improper conduct?

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By Nom, February 18, 2010 at 12:40 am Link to this comment

This is just typical Corporate corruption. Corporates like JP Morgan and Goldman Sachs using the mask of democracy to empower themselves; and ridicule human rights. So is the King Code of Corporate governance even in place; if entities like the above-mentioned will totally disregarded the princeples therein, with no severe consequence. How many more Enron’s must there be, before greed and corruption can be seen as improper conduct?

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By frederico802, February 17, 2010 at 9:15 pm Link to this comment
(Unregistered commenter)

Obama and the 40 Thieves is the best analogy of this I’ve heard. Of course GW Bush(as patsy for GHWB), Newtie Gingrich,Tom DeLay, and Bill Clinton are right up there in that gang of 40. Those who’ve been aiding and abetting them over the years.
Goldman’s charter should be pulled and they should be forced to stop doing business, but we can’t because they were given all our money and are now loaning it back to us at interest. What a great gig. Helps when your bank is part of the Federal Reserve and answers to NO ONE!
The only one I trust on this is Dennis Kucinich. Throw the rest of the bums OUT!

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By rollzone, February 17, 2010 at 7:54 pm Link to this comment

hello. just beware. Oboymamma admires corporatists,
because they paid his everything. he thinks the few,
with great wealth, mean more than the many. great
corporatists employ less than 10% of the workers. the
other 90% of hard working people can dominate the
field, and he still is not listening. GoldmanHacks did
the same to everyone, without prejudice. California is
in as bad a shape, or worse, than Greece. Soros got
billions from us to develop oil: offshore Brazil- why
not make him pay taxes. that would help bail them out.
i agree that full disclosure is really needed soon.

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By prole, February 17, 2010 at 6:44 pm Link to this comment

“As Peter Eavis writes in The Wall Street Journal: ‘How many more crises will it take?’” Haven’t we lost count already? Does anyone seriously believe that after all that’s been said and done so far that another ‘crisis’ is going to change anything? Isn’t it crystal by now that finance capital can get away with anything? That the American public is so docile that it will sit on its hands and let them? Or worse still, aid and abet them a la Tea Party. “The Greek emergency is a reminder of how little has been done to fix large, potentially unstable parts of the financial system”…a reminder that the system is unfixable. “Goldman President Gary D. Cohn was back in that country last November with a new derivative scam based on potential revenue from Greece’s health care system”…little wonder then that corporate spear-carrier Obama should be so interested in a new national health care system for Amerika. One that would not only further line the deep pockets of insurance giants but also provide rich new derivative opportunities for his Wall St. masters. They will make lucrative new profits ‘coming and going’ no matter what comes of it. The Greeks shouldn’t be much surprised either, they’ve been shafted by Americans before. The bipartisan U.S. government was only too glad to back the brutal military junta that seized power in Greece in ’67. Economically and militarily, Amerika has been socking it to small countries like Greece for decades. “The U.S. comptroller of the currency estimates that Goldman Sachs has a derivative “credit exposure” that is a whopping 858 percent of its risk-based capital and that JPMorgan Chase is in second place at 290 percent”...so obviously public-charmer Obama needs to act fast to take care of “Jamie Dimon, his old Chicago buddy who heads JPMorgan Chase”, in order that he may catch up to fellow Shylock, Goldman CEO Lloyd Blankfein who’s opened up a wide lead on him in the derivatives Olympics. Derivatives are the modern financial version of a Trojan horse as Greece has belatedley discovered thanks to the cunning Mr. Cohn. To paraphrase an old proverb - Beware of Jews bearing gilts!

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By LadyR, February 17, 2010 at 5:07 pm Link to this comment
(Unregistered commenter)

I choose your way, TaoWalker!  A friend of mine is leaving the rat race of the imploding city and returning to the land. He has a parcel of 14 acres in the Nevada high desert country, completely raw land, and will build his dwelling place from the raw natural materials our Mother Earth has so generously provided. Once I retire, I, too, shall return to the lands of wide open spaces, where I can breathe clean air and see pristine skies unadulterated by smog. Hoka hey!

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By Bushfatigue, February 17, 2010 at 4:39 pm Link to this comment

For more on what these greedy amoral bastards have done to people and economies, read what they pulled in (and pulled off) in destroying Montana Power, and thousands of people’s lives—www.cbsnews.com/stories/2003/02/06/60minutes/main539719.shtml.  They were there to help Enron ruin thousands of live as well.

Why is it again we tolerate this despicable bunch of rogues?  When is America going to retake control of its financial system?  Can it do so, or are our “leaders” so compromised and sold out that nothing can be done?

Blankfein claimed Goldman is doing “God’s work,” but the only thing this rogues gallery worships is the almighty dollar.

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By TAO Walker, February 17, 2010 at 4:18 pm Link to this comment

The very least of Robert Scheer’s world’s troubles are its “economic” woes.  These are, in-fact, mere symptoms of the terminal degeneration at the core of the “civilization” CONtraption, of which ‘the eCONomy’ is only the ‘operating system’....with its 6-plus gigabytes of captive two-legged ‘wet-ware.’

There is no part of the damned thing that isn’t already irretrievably ‘involved’ in its wholesale disintegration.  All that really remains to be seen is whether any of our tame Sisters and Brothers can make the leap from certain degradation into what for them remains the terrifying ‘unknown’ of The Tiyoshpaye Way.

The Old People say the ‘choice’ we Humans have is between either perishing alone in the make-believe world-o’-hurt, or living all together in the Vision of our Mother Earth.  Us surviving free wild Human Beings have made ours.

What’s your druthers, Friends?

HokaHey!

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By Hammond Eggs, February 17, 2010 at 3:54 pm Link to this comment

President Obama, who crowed just last week in defense of Goldman CEO Lloyd Blankfein and Jamie Dimon, his old Chicago buddy who heads JPMorgan Chase, “I know both those guys; they are very savvy businessmen.”

You don’t know jack.  You’re just the Wizard of Oz.

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By jerrygates7, February 17, 2010 at 2:58 pm Link to this comment
(Unregistered commenter)

truthdigger3 BINGO ! ! !; GO for it, dude, you got the scoop of the century if you prove it, guaranteed!

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By Big Jess, February 17, 2010 at 2:54 pm Link to this comment
(Unregistered commenter)

Blankfein and Dimon are savvy businessmen…savvy enough to buy Obama lock, stock, and barrel.

Kiss has it right: Obama, the King of Thieves.

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By johannes, February 17, 2010 at 1:41 pm Link to this comment

I think people writing and debate on this article, are forgething that, that what has happened is ordinaire criminal behaviour.

A small company what is cooking his books, like what has happened here, go to prison, thats sure.

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By jkoons, February 17, 2010 at 11:59 am Link to this comment

It is absolute madness to try to blame Obama for this.  Paulson himself didn’t
understand this, nor do most people.  Bush certainly didn’t.  To expect Obama to
know all of this is ludicrous.  Thats why he hires advisors.  Unfortunately the
advisors he has hired may be implicit in the problem in the first place.  There have
been Goldman Sachs cronies in the upper reaches of the government since at
least Reagan, so this has been a bipartisan screw-up.  Get Goldman Sachs out of
politics!

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By nemesis2010, February 17, 2010 at 11:32 am Link to this comment

All Big Media, Big Pharma, Big Oil, Wall Street, and the MIC should be broken up into little pieces. Aren’t some of the so-called “conservative” mantras all about competition and the “free” market? They shouldn’t have a problem with application of anti-trust laws and breaking up the ongoing oligopolies and their resultant subterfuge. Of course many of us know that conservatism is all about corporatism, mercantilism, monopoly, worker oppression, maintaining of the status quo, etc. –all the evils many founders of the republic warned about in their writings. And conservative interpretation of the free market is a demonstrably simple one; that they are free to rape and pillage with impunity behind the concept of limited liability. 

You can forsake any hope of seeing the Congress take any action. The Congress, contrary to popular perception, is anything but divided and gridlocked. The façade of derision and conflict is an obfuscation to conceal the fact that the Congress, SCOTUS, and POTUS march in perfect lock step with their corporate overlords passing—immediately and without fail—any legislation needed by them. What other elucidation is there for the fact that any legislation passed by the Congress is almost always bad news for the majority of the population and a bonanza for ruling corporate elite and the super-wealthy 1%? 

I think, unfortunately for millions more around the world, that the worse part of this financial meltdown is still yet to come. There is a reason that Wall Street and the government are so resistant to transparency and seldom—if ever—is such avarice and hubris not rewarded by calamity.

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By mrfreeze, February 17, 2010 at 10:23 am Link to this comment

I believe Mr. Scheer’s post highlights some truths about the crisis facing Greece and the European economic system; however, I would highly recommend you all listen to this morning’s Diane Rehm program entitled: “The Dollar, The Euro and the Greek Debt Crisis.” The guests, all of whom are far more knowledgeable about the genesis of this problem.

http://wamu.org/programs/dr/

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By truedigger3, February 17, 2010 at 10:19 am Link to this comment

Scheer wrote quoting Paulson:
“I misread the cause, and the scale, of the coming disaster,” he admits, adding, “Notably absent from my presentation was any mention of problems in housing and mortgages”
___________________________________________________

Oh Yeah. Really! No Shit.!
Paulson is spouting this WHOPPER forgetting that in 2006 there were very vociforous voices warning of the impending crisis ragarding housing mortgages and unregulated derivatives, but Paulson and Bernanke dismissed it saying all is perfect and there is nothing to worry about.
What is infuriating is not a shred of REAL regulation was enacted or will be enacted to regulate the financial markets and I am sure there is another crisis is brewing, and why not, that means more bonuses to the “savvy” fraudsters accompanied by a praise from the president of the republic. What a sickening farce.

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By Mark, February 17, 2010 at 10:14 am Link to this comment
(Unregistered commenter)

“Greece’s neighbors will now be forced to bail it out, much as U.S. taxpayers have done for banks as a result of the scams Goldman and other financial houses pulled off in this country.”

That’s not necessarily a given, Mr. Scheer.

Greece, and it appears Italy, violated debt to GDP ratios dictated by the EU. The violation was willful and done in secret with the help of G-S. The debt went undetected because Greece lied about it.

That sort of perfidy goes to the financial heart of a union.

Think: Cheating on ones spouse.

The other EU countries my not be willing to open their wallets and say all is forgiven.

Without a bailout Greece may default, bringing all those CDS into play.

Depending on who the counterparties are in those CDS, that will decide if the bailout goes thru.

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By farmertx, February 17, 2010 at 9:37 am Link to this comment

There was a time when the two Parties had some real differences. That time has past.
Many forget that the Shrub publicly proclaimed that Ronnie Raygun proved the Federal Deficit meant nothing.
The special interest groups finally figured out that if they bribed both parties, they’d get more results.
Term limits and an end to legalized bribery via “campaign contributions” would help change things. But it’s up to the politician’s to pass such laws, so no action will ever be taken, other than ‘showcase’ legislation. That’s laws whose title sounds real good, but it either has no penalties or else has loopholes big enough to turn a set of turnpike doubles (2-45’ trailers pulled by one tractor) around in.

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By rolmike, February 17, 2010 at 8:35 am Link to this comment

Fair Greece decides to default into Mr. Blankenfein’s
lap - now is that a good or a bad thing? If only they
could, Goldmann Sachs now owns a whole country with
an ancient heritage; all Americans now learn ancient
Greek to take advantage of the incidental possession
via imperialist practices of such a gem!
Unfortunately that is not how the cookie crumbles.
Greece defaults and the US government has to bail out
Goldmann Sachs, and has a really large basket case on
its hands, soon to be a rogue nation. G+S bet against
Greece and had itself insured by AIG, not only that,
they gave Greece that extra little kick to put it
into receivership, that way G+S wins intitially and
also by betting itself! The Wonders of Goldmann
Sachs, a win win for itself and some trickling down.

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By G.Anderson, February 17, 2010 at 8:21 am Link to this comment

At this point, it should be clear that their are no boundaries between government and the criminal bankers, the criminal pharmaceutical companies and the FDA, the criminal food companies and the USDA, and on and on.

The criminal elite corporations, inhabit a fluid no mans land, that they have purchased, which allows them freedom from government oversight and the ability to act as quasi governmental agencies themselves, while those that run corporations often go back and forth between the criminal corporations and positions of authority and power in the government.

This has led to a whirlpool like response in congress, much like a chicken with it’s head cut off, that doesn’t realize it’s dead yet, but keeps squawking just the same, while it goes round and round and round.

Because it’s the criminal corporations that run things, congress itself is only a business expense at this point.

The criminal corporations are in charge of our government, and they will use this power to do what ever they like, to rob the people of life, liberty, and health. They will do this with the aid of the whirlpool like congress, which will also pay them with tax dollars while they do it.

It’s a win, win situation for them.

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By bozh, February 17, 2010 at 8:11 am Link to this comment

Recall, tho, please, that pols often proclaim that US is nation of laws, or ‘laws’ as i wld say. This means that we’ve never had “laws” [i now use the term in folk sense]in recorded history.

Yes, for the last 8k yrs we had lived in lawless societies or under laws written by ogrish THEM against meekish us.

This means that US banking as a whole wld never ever be doing anything illegal.
Even if US wld amend-emend-tinker with “laws”, they wld be written solely or largely by THEM and in such a way that only judiciary [part of THEM]cld interpret them.

This also known as Greatness of America! And why not?
tnx

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By RdV, February 17, 2010 at 8:02 am Link to this comment

“The financial sector was and is responsible, but it still resists increased transparency and other necessary regulations over the derivatives that gamblers like Paulson themselves don’t understand.”

Brooksly Born understood and the likes of Greenspan, Rubin and Obama’s right hand, the shifty creep, Lawrence Summers, saw to it that she was gagged.

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By RdV, February 17, 2010 at 7:56 am Link to this comment

And yet Obama considers these criminal operators “savvy businessmen” who deserve taxpayer-funded bonuses while such “entitlements” as social security and medicare are slashed. Of course, he could relate perfectly to their sleight of hand in providing illusions of something good masking something foul. Likewise Obama doesn’t seem to have a problem with war criminals.

  They are fleecing us and Obama is their boy.

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By Mike789, February 17, 2010 at 6:52 am Link to this comment

I do not agree with several of the posters here asserting Obama colluding with Wall Street. I do, however, believe he’s getting snowed. He does not have the expertise nor the background to see through to the entangled mess. The consequences of meaningful reform of the derivatives market are no doubt presented to him in extreme terms. He should replace Summers with Joseph Stiglitz and replace the seated Fed chair with Paul Volker.

This is an insidious cancer concealed beneath a ton of greed.

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By Ouroborus, February 17, 2010 at 6:40 am Link to this comment

C.Curtis.Dillon, February 17 at 7:46 am;

Nice post!
It’s always been said (by whom I don’t remember) that
we’ll be brought down from within; never from without.
Whoever said that was prophetic at the very least.
So, every time the government trots out another
bogeyman; it’s time to check the internals. wink

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By PatrickHenry, February 17, 2010 at 6:29 am Link to this comment

Its greek what Goldman Sachs is doing to us.

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By idarad, February 17, 2010 at 6:01 am Link to this comment

C.Curtis - Again you hit it.  Here is Paulson after the fact walking around, selling his book, and patting himself on his ass saying we in the financial markets were responsible, but we didn’t know.  Horse pucky, they knew and they laughed all the way to the bank, and when the bank ran dry they went to Congress, stole taxpayer money and laughed all the way back to the bank.  Bernie Sanders said it best, if they are to big to fail, they are to big to exist.  I hope Greece and the EU learned something from watching the US fiasco of bailing the bloodsuckers out.

This is another example of the global economy in a tail spin.  When George Bush the elder quipped about a global economy, and slick Willy Clinton paved the way for the corporatist to suck the life out of community is when the weight of the haves became too great for the people to support. To a degree Marx was right in that capitalism will be its own demise.

Responsible is not being accountable, and they need to be held accountable..gitmo would be too good for these bastards

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By KISS, February 17, 2010 at 5:55 am Link to this comment

While Obama and his 40 thieves are robbing and pillaging the world, we amerikans have our beer and the telly,oh joy, nothing could be better.
And remember, our children and grand children will be brain-washed to accepting the debt, we are leaving them.
Aren’t you glad you voted for Obama, the king of thieves?

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By Dhamma3, February 17, 2010 at 5:44 am Link to this comment

The first question is, who is running the world into the ground?  The second question is, who is running the world?

Governments no longer run their countries.  Run amok capitalism is a failed business model.  Free Trade agreements, the WTO, the IMF, the financial industries:  all of them are interested in one thing—keeping a grip on profit and the world resources.  Who stands in their way?

It is time to do away with the failed business model, and begin putting the needs of people and a sustainable world on the front burner.  We need a world revolution, a new turning, a new paradigm. 

Here in the US, all the optimism of the sixties has been derailed by the greed of the right wing capitalists.

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By omygodnotagain, February 17, 2010 at 5:33 am Link to this comment

Curtis I agree our biggest threat comes from Wall Street terrorists, Islamic terrorist destroyed 3 buildings and thousands of lives, Wall Street terrorists destroyed whole countries and millions of people. I am completely disgusted by that fake Democrat Obama consorting with them.
They should be in prison not wined and dined at the White House

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By C.Curtis.Dillon, February 17, 2010 at 3:46 am Link to this comment

The worst possible combination of characters is the slick Willy politician looking for an easy out from his problems and the Wall Street shark looking to provide him that path.  They are the worst terrorists in this world and should be arrested and sent to Gitmo where they can be water boarded and held without trial.  The war on terror needs to be redirected against these criminals who are doing a much better job destroying the Western economy than anything Ben Laden or his followers can do.

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