Why Are Former Goldman Sachs Executives Overseeing the Wall Street Bailout?
Bend Over, Taxpayers! Here it Comes Again!
In a move comparable to appointing John Gotti as the director of the Witness Protection Program, Treasury Secretary Henry Paulson has appointed former Goldman Sachs Vice President Neel Kashkari as head of the newly created Office of Financial Stability. In recent weeks Paulson has also appointed former Goldman Sachs institutional bankers Dan Jester and Ken Wilson to key oversight positions relating to the $700 billion dollar Wall Street CARE package signed into law last Friday.
I have to pause to consider the fact that Paulson himself is a former Goldman Sachs executive. Do I detect the scent of conflict of interest in the air?
If you have a more reasonable explanation, I would love to hear it.
Should you need further proof that Paulson's appointment of Kashkari is of questionable integrity, consider that Steve Adamske, a spokesman for Rep. Barney Frank (D for Doofus-Massachusetts), said that Kashkari is "very knowledgeable and very smart."
Knowledgeable and smart concerning what? Avoiding a Grand Jury? Fiddling while Rome and the rest of Europe are being dragged into the financial meltdown that was caused, in part, by the financial shenanigans that went on at Goldman Sachs?
Since Rep. Frank's committee is responsible for overseeing the nation's financial interests at the national level, I must consider the possibility that the above mentioned appointments may have been made in order to obscure the issue of who was sleeping on the job while the fat cats were walking away with millions of dollars in salary and bonuses while their companies wound up in federal receivership.
If the above doesn't send you looking for tar, feathers, and a rope, consider the following.
On September 22nd, one week after AIG was the beneficiary of an $85 billion dollar loan from the feds, executives of AIG blew $440,000 for a corporate retreat at the St. Regis Monarch Beach resort in Los Angeles! If you don't believe me, check out this copy of the hotel bill!
I don't smell a rat; I hear a stampede of rats!
Three guesses who has to pony up the money to pay for the current situation!
Bend over taxpayers, here it comes again!
Published by Wayne McDonald
I'm a retired Physician's Assistant with special qualifications in adult & pediatric echocardiography (heart ultrasound) and cardiovascular testing. I'm also working on my master's degree in history. View profile
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2 Comments
Post a Comment1. GS hires Russian Computer programmer May 2007 Sergia Aleynikov
2. GS lobbies and gets the uptick Rule Abolished July 2007
3. Frenzy of corruption starts with Naked Short Selling, flash trading, secret codes, secret software, secret meetings and computers
4. FY 2008 Goldman Sachs makes OVER $100 million a day trading 90 day out of 260 trading days in 2008
5. June 2008. Goldman Sachs board of Directors secretly meet Hank Paulson in Moscow in June 2008.
6. The game plan goes into motion to take out Lehman Brothers and Bears and Stearns designed in Russia
7. Sept 2008 The take out of Goldman Sachs's competition Lehman and Bears
8. Government ( Hank Paulson steps in and protects Goldman Sachs as discussed 3 months earlier in Moscow
9. No naked shorting of Goldman Sachs and the other top 19 banks Sept /oct 2008 Thank Hank
10. Goldman becomes a bank to be allowed to get access to 10 Billion dollars from Tarp Money. Thank You Hank
11. F
I understand the outrage. I agree that those chosen for the positions you mentioned must have integrity beyond reproach (if such a person exists.) However, I disagree that the taxpayers will pay for the current situation in new taxes. More likely, the taxpayer will pay for this with lost investments, lost job, lost savings, lost IRA, and lost homes.