As President Reagan once said, "THERE THEY GO AGAIN"!
This time, the NEW YORK TIMES - RELENTLESS in shilling the RIGHT-WING JEWISH PNAC & GOLDMAN-SACHS "we rule the WORLD, and have a right to ECONOMICALLY ENSLAVE anyone who gets in our way" agenda, publishes an... opinion article RATIONALIZING Bernie Maddof's MASSIVE FINANCIAL FRAUD !!
We have, of course, heard this meme before: "Bernie's victims were mostly Jewish... SO WHAT RIGHT do non-Jews have to cast judgement on one of OUR own, Bernie Madoff."
Well, we here at MediaWhoresUSA had to spend MONTHS, if not YEARS, defending Clinton & apologizing for his MARC RICH PARDON, which was BOUGHT & PAID FOR via Washington "super-lawyer" I. Lewis 'Scooter' Libby - (Yes, he of War-Crimes perpetrator DICK CHENEY's CHIEF OF STAFF fame, or PERJURY & OBSTRUCTION OF JUSTICE in "CIA Outing scandal" infamy).
We are TIRED of having to DEFEND and APOLOGIZE for CORRUPT "ISRAEL FIRST" financiers and their Washington lawyers & K. St. fixers who OWN Washington DC, and THE ENTIRE US GOVERNMENT.. BOTH Bush's Treasury Secretary, Hank Paulson (he of SEVEN HUNDRED BILLION DOLLARS of TAXPAYER BAILOUTS for his own firm & other big NY banks), AND Clinton's Treasury Secretary ROBERT RUBIN, worked as CHAIRMEN of the GOLDMAN-SACHS HEDGE FUND, Rubin NOW OBAMA's TOP ECONOMICS advisor, despite having PRESIDED OVER the BANKRUPTCY at Citi-group last year. (Resecued from BANKRUPTCY, _ONLY_ by fellow Goldman-Sachs bankster Paulson's HUNDREDS of BILLIONS of dollars of bailouts.)
Oh yeah - did we mention WHO OBAMA's #2 DONOR for 2008 was ??
http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638
Well, here's the NEW YORK TIMES, at their WHITEWASHING AIPAC CRIMINAL BEHAVIOR worst:
< Well, Daphne Merkin can think what she wishes, and her extraordinarily warped take on this tragedy would hardly merit reading past her third paragraph, let alone publishing a lengthy disputation. But the real story here is not one person's slant on the largest financial swindle in history. It is the decision of the New York Times to publish it at all. >
http://www.huffingtonpost.com/roger-smith/the-incestuous-merkins-pr_b_180566.html
Monday, March 30, 2009
Saturday, March 28, 2009
Washington Post: NEO-CON LIARS, WARMONGERS, TREASURY THIEVES, and lynch-mob character ASSASSINS....
It is hard to add to, or amplify on, the great ConsortiumNews.com exposes a TYPICAL Washington Post SMEAR, SLIME, and HATCHET JOB against a Washington official who could possibly (had he been confirmed for office in the Obama administration), been a restraint or obstruction on the Neo-Con "EXPAND WARS IN THE MIDEAST!" agenda.
ConsortiumNews.com, March 15, 2009:
"The WASHINGTON POST is a NEO-CON PROPAGANDA SHEET."
http://consortiumnews.com/2009/031509.html
As our own title asserts, the Washington Post gives up NOT ONE TRICK to German WWII Nazi Propaganda Minister JOSEF GOEBBELS, in LYING to their readers and to the American public....
...For an agenda & ideology that is actually quite indistinguishable from the NAZI ideology, namely that in the name of "STATE SECURITY!" the United should should & must START WARS, EMPLOY DEATH-SQUADS, tax the public to support an ever larger & growing WAR-MACHINE; and that there are ALWAYS some "evil, sub-human 'untermensch'"
enemies (today's code-word of course "Terrorists!") around
who justify the Washington Post's ghoulish writers fomenting & encouraging ENDLESS WARS, DEATH SQUADS, TORTURE, & other GESTAPO ruthless war-time occupation & police state tactics.
(And, don't forget... when the ABU GHRAIB photos showed just how DISGUSTING, BRUTAL, & _COUNTER-PRODUCTIVE_ those GESTAPO torture tactics truly are... the POST editors & writers
(and their fellow Naziesque ghouls over at the NEW YORK TIMES)
pimped, primped, primed, and cheer-led the US version of NAZI/Commissar KANGAROO COURT SHOW TRIALS,
for FEMALE Volunteer PRIVATES accused __ONLY__ of "ABUSE" -
...WHILE the president (Bush) and Vice President (Cheney)of the United States OPENLY BRAGGED ON and asserted their "RIGHT" to _TORTURE PRISONERS, TO DEATH, at their SOUL DISCRETION, never answering to anyone, AT ANY TIME THEY CHOSE, to ANYONE hey so desired!
That is, KANGAROO Gestapo/Commissar SHOW TRIALS for FEMALE PRIVATES accused ONLY of "abuse" - WHILE the Post & Times endorse the Vice President & President openly asserting "THEIR RIGHT" to TORTURE prisoners, TO DEATH!!
The United States might not today be running overt DEATH CAMPS just yet, but the US War in Iraq has killed ONE out of TWENTY FIVE Iraqis (reliable estimates on the Post-US invasion violent death toll in Iraq starts around a million killed, and go upwards from there), and of course the Neo-Cons at the WashPOST and NY TIMES STILL DREAM of _MORE_ DEATH-SQUAD WARS - in Venezuela, in Mexico (vs drug gangs), and THROUGHOUT South America.
....And of course the Neo-Con ghouls would LOVE to unleash a NUCLEAR WAR against Iran.
(The closest their fervid, malevolent, & morbid imaginations can come to finding to a WWII-scale "enemy.")
AND DON'T FORGET: The TREASONOUS Neo-Cons at the POST, TIMES, & AIPAC (and SATURATED THROUGH the US Congress & media) STILL IGNORE the SAUDI FUNDING for both 9-11 hijackers, AND the WAHABI "hate the infidel" Madrases throughout the world; in an EVIL alliance of the wealthy (Arab royals and their ostesnible 'enemies' the AIPAC bankers) vs. the unwashed masses!
BLAMING THE VICTIM: Right out of WWII NAZI PROPAGANDA, which blamed millions of DEATH CAMP VICIMS for "being TERRORISTS!", the NEO-CONS at the POST & TIMES, SUPPORT the RELENTLESS ETHNIC CLEANSING of any and ALL Palestinian or Arab property, citizens, or enclaves from within the state of Israel - the EXACT PROCESS which the people of Israel have spent the last 2,000+ years COMPLAINING when other nations do same to them!
Further, this simple graphic - which shows a concerted effort to "WIPE" Palestinian & Arab enclaves "OFF THE MAP" - illustrates how GROTESQUE is the Neo-Con rational for PRE-EMPTIVE WAR (aggression) against Iran - the Neo-Cons quoting Iranian officials as having demanded "the wiping of Israel off the map", even as THEY TRY TO DO THE SAME to PALESTINE areas within Israel!
Bonus: NEO-CON style "DEMOCRACY" and "FREEDOM" - Georgia democracy adocates, PROTESTING SUSPENDED ELECTIONS, are BEATEN, ARRESTED, and (in case of top leaders) KILLED, BY the US & ISRAEL SUPPORTED Saakashvili regime in Georgia - November 2007.
Much of the PEACEFUL PROTESTS were spurred by Georgia's STANDARD OF LIVING _DECLINING_ under Saakashvili - classic "DISASTER CAPITALISM", as Saakashvili used Georgia taxpayer funds to PURCHASE EXPENSIVE US & Israeli WEAPONS, in anticipation of his scheduled August 2008 INVASION of South Ossetia!
America & Israel's favorite OPPOSITION-leader-KILLING, democracy-crushing, torture & police-state Puppet Dictator: Georgia Dictator Saakashvili in Israel, as the Israel war department rolls out the red carpet for Saakashvili to TRANSFER Georgia's hard-earned currency OVER TO ISRAEL to purchase expensive US & Israeli weapons for Saakashvili's pending war against South Ossetia -
(TIME magazine story here - http://www.time.com/time/world/article/0,8599,1834785,00.html
LYNCH-MOB Gestapo/KGB kangaroo-court SHOW TRIAL PROSECUTIONS in AMERICA; ETHNIC CLEANSING of Palestians (while using alleged Iranian rhetoric of same regarding Israel to JUSTIFY desired PRE-EMPTIVE WAR against Iran); the RELENTLESS SMEARING of all critics opposed to the Neo-Con agenda here in America; and ASSASSINATIONS & CRUSHING of democracy protests in Georgia - the murderous Neo-Cons who DOMINATE the WASHINGTON POST and NEW YORK TIMES are at least consistent - CONSISTENTLY Nazi-esque Liars, war-mongers, and lusting for Death-Squads & torture ghouls. .
ConsortiumNews.com, March 15, 2009:
"The WASHINGTON POST is a NEO-CON PROPAGANDA SHEET."
http://consortiumnews.com/2009/031509.html
As our own title asserts, the Washington Post gives up NOT ONE TRICK to German WWII Nazi Propaganda Minister JOSEF GOEBBELS, in LYING to their readers and to the American public....
...For an agenda & ideology that is actually quite indistinguishable from the NAZI ideology, namely that in the name of "STATE SECURITY!" the United should should & must START WARS, EMPLOY DEATH-SQUADS, tax the public to support an ever larger & growing WAR-MACHINE; and that there are ALWAYS some "evil, sub-human 'untermensch'"
enemies (today's code-word of course "Terrorists!") around
who justify the Washington Post's ghoulish writers fomenting & encouraging ENDLESS WARS, DEATH SQUADS, TORTURE, & other GESTAPO ruthless war-time occupation & police state tactics.
(And, don't forget... when the ABU GHRAIB photos showed just how DISGUSTING, BRUTAL, & _COUNTER-PRODUCTIVE_ those GESTAPO torture tactics truly are... the POST editors & writers
(and their fellow Naziesque ghouls over at the NEW YORK TIMES)
pimped, primped, primed, and cheer-led the US version of NAZI/Commissar KANGAROO COURT SHOW TRIALS,
for FEMALE Volunteer PRIVATES accused __ONLY__ of "ABUSE" -
...WHILE the president (Bush) and Vice President (Cheney)of the United States OPENLY BRAGGED ON and asserted their "RIGHT" to _TORTURE PRISONERS, TO DEATH, at their SOUL DISCRETION, never answering to anyone, AT ANY TIME THEY CHOSE, to ANYONE hey so desired!
That is, KANGAROO Gestapo/Commissar SHOW TRIALS for FEMALE PRIVATES accused ONLY of "abuse" - WHILE the Post & Times endorse the Vice President & President openly asserting "THEIR RIGHT" to TORTURE prisoners, TO DEATH!!
The United States might not today be running overt DEATH CAMPS just yet, but the US War in Iraq has killed ONE out of TWENTY FIVE Iraqis (reliable estimates on the Post-US invasion violent death toll in Iraq starts around a million killed, and go upwards from there), and of course the Neo-Cons at the WashPOST and NY TIMES STILL DREAM of _MORE_ DEATH-SQUAD WARS - in Venezuela, in Mexico (vs drug gangs), and THROUGHOUT South America.
....And of course the Neo-Con ghouls would LOVE to unleash a NUCLEAR WAR against Iran.
(The closest their fervid, malevolent, & morbid imaginations can come to finding to a WWII-scale "enemy.")
AND DON'T FORGET: The TREASONOUS Neo-Cons at the POST, TIMES, & AIPAC (and SATURATED THROUGH the US Congress & media) STILL IGNORE the SAUDI FUNDING for both 9-11 hijackers, AND the WAHABI "hate the infidel" Madrases throughout the world; in an EVIL alliance of the wealthy (Arab royals and their ostesnible 'enemies' the AIPAC bankers) vs. the unwashed masses!
<< Over the last three decades, the Post has evolved into a neoconservative propaganda sheet, especially its opinion section which fronted for George W. Bush’s FALSE Iraq-WMD claims, led the long-term BASHING of Iraq War critics, and defends whatever actions the Israeli government takes, including the recent war in Gaza and apparently its desire to preemptively bomb Iran. >>-------------------------------------------------
BLAMING THE VICTIM: Right out of WWII NAZI PROPAGANDA, which blamed millions of DEATH CAMP VICIMS for "being TERRORISTS!", the NEO-CONS at the POST & TIMES, SUPPORT the RELENTLESS ETHNIC CLEANSING of any and ALL Palestinian or Arab property, citizens, or enclaves from within the state of Israel - the EXACT PROCESS which the people of Israel have spent the last 2,000+ years COMPLAINING when other nations do same to them!
Further, this simple graphic - which shows a concerted effort to "WIPE" Palestinian & Arab enclaves "OFF THE MAP" - illustrates how GROTESQUE is the Neo-Con rational for PRE-EMPTIVE WAR (aggression) against Iran - the Neo-Cons quoting Iranian officials as having demanded "the wiping of Israel off the map", even as THEY TRY TO DO THE SAME to PALESTINE areas within Israel!
Bonus: NEO-CON style "DEMOCRACY" and "FREEDOM" - Georgia democracy adocates, PROTESTING SUSPENDED ELECTIONS, are BEATEN, ARRESTED, and (in case of top leaders) KILLED, BY the US & ISRAEL SUPPORTED Saakashvili regime in Georgia - November 2007.
Much of the PEACEFUL PROTESTS were spurred by Georgia's STANDARD OF LIVING _DECLINING_ under Saakashvili - classic "DISASTER CAPITALISM", as Saakashvili used Georgia taxpayer funds to PURCHASE EXPENSIVE US & Israeli WEAPONS, in anticipation of his scheduled August 2008 INVASION of South Ossetia!
America & Israel's favorite OPPOSITION-leader-KILLING, democracy-crushing, torture & police-state Puppet Dictator: Georgia Dictator Saakashvili in Israel, as the Israel war department rolls out the red carpet for Saakashvili to TRANSFER Georgia's hard-earned currency OVER TO ISRAEL to purchase expensive US & Israeli weapons for Saakashvili's pending war against South Ossetia -
(TIME magazine story here - http://www.time.com/time/world/article/0,8599,1834785,00.html
LYNCH-MOB Gestapo/KGB kangaroo-court SHOW TRIAL PROSECUTIONS in AMERICA; ETHNIC CLEANSING of Palestians (while using alleged Iranian rhetoric of same regarding Israel to JUSTIFY desired PRE-EMPTIVE WAR against Iran); the RELENTLESS SMEARING of all critics opposed to the Neo-Con agenda here in America; and ASSASSINATIONS & CRUSHING of democracy protests in Georgia - the murderous Neo-Cons who DOMINATE the WASHINGTON POST and NEW YORK TIMES are at least consistent - CONSISTENTLY Nazi-esque Liars, war-mongers, and lusting for Death-Squads & torture ghouls. .
Wednesday, March 25, 2009
_TEXTBOOK_ NY Whore TIMES "LOOT the Peons, Plunder the Village" Neo-Con PROPAGANDA: Soft-Selling Gramm-Leach-Bliley DEREGULATION ATROCITY, 1999.
Catch this TEXTBOOK example of the NEW YORK WHORE TIMES Neo-Con "LOOT the Village, PLUNDER the Villagers, and RAPE their Pension fund" PROPAGANDA:
- the NY Times SOFT-SELLING the FINANCIAL-REGULATIONS GUTTING
_GRAMM-Leach-Bliley Act_ back in 1999.
As in UBER-Right-Wing REPUBLICAN
__PHIL GRAMM's__ "GUT the Depression era GLASS-STEAGAL Act" financial markets DEREGULATION ATROCITY.
#1. http://en.wikipedia.org/wiki/Gramm-Leach-Bliley Act
This bill, along with then Senator Gramm's equally atrocious
"COMMODITY FUTURES 'MODERNIZATION' Act of 2000"
#2.http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000
- created the "ENRON LOOPHOLE" & other BULLY-BOY financial loopholes, PROHIBITING the SEC from REGULATING DERIVATIVES, and thus placing HUGE SWATHS of the ENTIRE US Financial Markets BEYOND the oversight of the SEC.
Basically, the "INVESTMENT BANKERS" & hedge-fund hoodlums could now make ANY financial transaction INTO a "DERIVATIVE security," or "instrument" - a "Derivative security" which would now be ENTIRELY beyond the supervision of the SEC.
("The SEC," that is, which the NYTimes, Republican & 'Democrat' DEREGULATION FANATICS in Congres & government turned in to a TOOTHLESS SHELL in the first place.)
We won't deconstruct the WHORE TIMES' THIEVING "DEREGULATION IS GOOD!"
propaganda whitewash story (link here) line-by-line - the SOFT-SELL TITLE ALONE suffices - but we will note that just FOUR Wiki articles on the 2 Phil Gramm DEREGULATION ATROCITIES are FAR MORE INFORMATIVE than EVERYTHING the THIEVING New York Whore Times has EVER written on the subject of these DEREGULATION ATROCITIES and thus the rules making markets and unknowing investors subject to MASSIVE FRAUD & MANIPULATION - because helping their fellow NY big business (banking) institutions DEFRAUD tens of thousands, upon MILLIONS of American investors, IS WHAT THE NEW YORK TIMES is ALL about!
Here's a simple sentence from the Wiki entry for Bush's "BILLIONS of dollars TAXPAYER BAILOUTS for MY BANKER FRIENDS, FOREVER!" Treasury Secretary, HANK PAULSON, which the New York Times JUST CAN'T BOTHER to inform their reader:
(Here's Phil Gramm's equally informative entry at Wiki.
#4. http://en.wikipedia.org/wiki/Phil_Gramm
Because during the Clinton years the NY Times & Washington Post were able to MAKE "Whitewater!" SEEM like THE BIGGEST SCANDAL of the S&L financial meltdown of the late 1980s & early 1990s, they were able to ENABLE Phil Gramm to RESUME HIS DEREGULATION Jihad even as President Clinton was _still_ paying down the BUSH-1 DEFICITS and dragging the US economy OUT of the BUSH-1 RECESSION....
- That is, EVEN after Gramm's FIRST round of DEREGULATIONS - the _Savings & Loan_ deregulations of the 1980s - COST AMERICAN TAXPAYERS ONE-TRILLION DOLLARS in 1980s money and put America smack into those Bush-1 Deficits (Bush-1 Deficits were the cost of paying off the S&L BAILOUTS) and Bush-1 RECESSION -
("$1 TRILLION in taxpayers losses in 1980's money NOT counting the money American investors, home-buyers, pensioners, & workers lost in the private side of the S&L meltdown)
- leading DIRECTLY to the late 1980s US financial markets meltdown, the New YOrk Times AGAIN, in late 1990s _enabled_ Phil Gramm's __SECOND round of 1999 & 2000 DEREGULATION bills__ leading DIRECTLY to this current TEN-TRILLION-DOLLAR US financial & economic meltdown!
----------------------------------
The New York WHORE Times RELENTLESSLY WHITEWASHES the CONNECTION between _DEREGULATION_ and MARKET MELTDOWNS & economic collapse; both after the Savings & Loans were DEREGULATED in the 1980s, and AGAIN, in late 1990s, when PHIL GRAMM's SECOND ROUND of DEREGULATION INSANITY _paved the way_ for our CURRENT market meltdowns (nearly HALF of the market's theoretical value lost since October of 2007) & economic crisis: as the below NY Times SOFT SELL of the Gramm-Leach-Bliley bill story illustrates!
CONGRESS PASSES WIDE-RANGING BILL EASING BANK LAWS
By STEPHEN LABATON, NEW YORK LYING TIMES
Published: Friday, November 5, 1999
http://www.nytimes.com/1999/11/05/business/congress-passes-wide-ranging-bill-easing-bank-laws.html
When the NEW YORK WHORES TIMES writes "EASING bank laws," they MEAN,
"GUTTING ALL oversight & regulation or YOUR PENSION, SAVINGS, & MARKET INVESTMENTS" - because the NYT are PAID PROFESSIONAL LIARS & THIEVES!!
- the NY Times SOFT-SELLING the FINANCIAL-REGULATIONS GUTTING
_GRAMM-Leach-Bliley Act_ back in 1999.
As in UBER-Right-Wing REPUBLICAN
__PHIL GRAMM's__ "GUT the Depression era GLASS-STEAGAL Act" financial markets DEREGULATION ATROCITY.
#1. http://en.wikipedia.org/wiki/Gramm-Leach-Bliley Act
This bill, along with then Senator Gramm's equally atrocious
"COMMODITY FUTURES 'MODERNIZATION' Act of 2000"
#2.http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000
- created the "ENRON LOOPHOLE" & other BULLY-BOY financial loopholes, PROHIBITING the SEC from REGULATING DERIVATIVES, and thus placing HUGE SWATHS of the ENTIRE US Financial Markets BEYOND the oversight of the SEC.
Basically, the "INVESTMENT BANKERS" & hedge-fund hoodlums could now make ANY financial transaction INTO a "DERIVATIVE security," or "instrument" - a "Derivative security" which would now be ENTIRELY beyond the supervision of the SEC.
("The SEC," that is, which the NYTimes, Republican & 'Democrat' DEREGULATION FANATICS in Congres & government turned in to a TOOTHLESS SHELL in the first place.)
We won't deconstruct the WHORE TIMES' THIEVING "DEREGULATION IS GOOD!"
propaganda whitewash story (link here) line-by-line - the SOFT-SELL TITLE ALONE suffices - but we will note that just FOUR Wiki articles on the 2 Phil Gramm DEREGULATION ATROCITIES are FAR MORE INFORMATIVE than EVERYTHING the THIEVING New York Whore Times has EVER written on the subject of these DEREGULATION ATROCITIES and thus the rules making markets and unknowing investors subject to MASSIVE FRAUD & MANIPULATION - because helping their fellow NY big business (banking) institutions DEFRAUD tens of thousands, upon MILLIONS of American investors, IS WHAT THE NEW YORK TIMES is ALL about!
Here's a simple sentence from the Wiki entry for Bush's "BILLIONS of dollars TAXPAYER BAILOUTS for MY BANKER FRIENDS, FOREVER!" Treasury Secretary, HANK PAULSON, which the New York Times JUST CAN'T BOTHER to inform their reader:
< "The 1999 Gramm-Leach-Bliley Act, however, put the parent holding company of each of the big American brokerages beyond SEC oversight." >BECAUSE ROBBING AMERICAN working families & taxpayers BLIND - in HEALTH CARE, in JOBS, in PAY & BENEFITS, and ESPECIALLY in PENSIONS and in the Financial Markets - IS the agenda of the evil, Dastardly, Neo-Con New York Slimes & their financial Loot & Plunder partners in crime.
#3. http://en.wikipedia.org/wiki/Henry_Paulson
(Here's Phil Gramm's equally informative entry at Wiki.
#4. http://en.wikipedia.org/wiki/Phil_Gramm
Because during the Clinton years the NY Times & Washington Post were able to MAKE "Whitewater!" SEEM like THE BIGGEST SCANDAL of the S&L financial meltdown of the late 1980s & early 1990s, they were able to ENABLE Phil Gramm to RESUME HIS DEREGULATION Jihad even as President Clinton was _still_ paying down the BUSH-1 DEFICITS and dragging the US economy OUT of the BUSH-1 RECESSION....
- That is, EVEN after Gramm's FIRST round of DEREGULATIONS - the _Savings & Loan_ deregulations of the 1980s - COST AMERICAN TAXPAYERS ONE-TRILLION DOLLARS in 1980s money and put America smack into those Bush-1 Deficits (Bush-1 Deficits were the cost of paying off the S&L BAILOUTS) and Bush-1 RECESSION -
("$1 TRILLION in taxpayers losses in 1980's money NOT counting the money American investors, home-buyers, pensioners, & workers lost in the private side of the S&L meltdown)
- leading DIRECTLY to the late 1980s US financial markets meltdown, the New YOrk Times AGAIN, in late 1990s _enabled_ Phil Gramm's __SECOND round of 1999 & 2000 DEREGULATION bills__ leading DIRECTLY to this current TEN-TRILLION-DOLLAR US financial & economic meltdown!
----------------------------------
The New York WHORE Times RELENTLESSLY WHITEWASHES the CONNECTION between _DEREGULATION_ and MARKET MELTDOWNS & economic collapse; both after the Savings & Loans were DEREGULATED in the 1980s, and AGAIN, in late 1990s, when PHIL GRAMM's SECOND ROUND of DEREGULATION INSANITY _paved the way_ for our CURRENT market meltdowns (nearly HALF of the market's theoretical value lost since October of 2007) & economic crisis: as the below NY Times SOFT SELL of the Gramm-Leach-Bliley bill story illustrates!
CONGRESS PASSES WIDE-RANGING BILL EASING BANK LAWS
By STEPHEN LABATON, NEW YORK LYING TIMES
Published: Friday, November 5, 1999
http://www.nytimes.com/1999/11/05/business/congress-passes-wide-ranging-bill-easing-bank-laws.html
When the NEW YORK WHORES TIMES writes "EASING bank laws," they MEAN,
"GUTTING ALL oversight & regulation or YOUR PENSION, SAVINGS, & MARKET INVESTMENTS" - because the NYT are PAID PROFESSIONAL LIARS & THIEVES!!
Tuesday, March 24, 2009
Andrew Sorkin, New York Times, PIMPS the "GOLDMAN SACHS IS GOOD" meme from Whore Times....
Last night NY Times reporter ANDREW ROSS SORKIN joined Charlie Rose and PAUL KRUGMAN on Rose's PBS news/discussion show,
http://www.charlierose.com/view/interview/10164
and Sorkin basically never once offered any refutation to Nobel-prize winning economist (and fellow NY Times writer) Mr. Krugman's assertion, that the BAILOUTS are a monstrosity - a WASTED OPPORTUNITY that has delivered BILLIONS upon HUNDREDS-of-billions of TAXPAYER DOLLARS TO the very Banksters who RUINED America's economy and finanical markets - and that instead of GETTING CREDIT FLOWING, and making sure the TAXPAYER (bailout) funds actual stimulate consumption and production, the Big Bailout Banks have used the money to "Bolster their balance sheets" - something that, had the US Congress known, they would NEVER have approved of either Mr. Paulson or Mr. Obama's BAILOUT requests (demands).
But today Mr. Sorkin pops up at the New York Times article http://www.nytimes.com/2009/03/24/business/24sorkin.html
in the FAR MORE TRADITIONAL NY Times role: PROPPING UP the NEO-CON TAKEOVER of the world, in this case, making the case that uber-Neo-Con "finanical institution" GOLDMAN-SACHS are the "GOOD GUYS", who are "TRYING TO PAY BACK TAXPAYER DOLLARS in advance of schedule."
Needless to say, Sorkin AND the Times miss YET ANOTHER OPPORTUNITY to delve into GOLDMAN-SACHS ROLE in the WIPING OUT of TRILLIONS OF DOLLARS of INVESTOR VALUE in this economic meltdown.
To repeat from our previous posts - HERE is the NEW YORK TIMES, JOINING Goldman-Sachs, in GLOATING about Goldman's BILLION DOLLAR BONUS CHRISTMAS - of 2006!!
http://www.nytimes.com/2006/12/12/business/12cnd-earn.html
Back then the GHOULISH New York Times REFUSED to CONNECT-the-DOTS on Goldman-Sachs execs GLOATING about THEIR BONUSES - WHILE tens of thousands of American families were ALREADY STARTING TO FACE FORECLOSURE and EVICTION that December of 2006!
Needless to say, NOT ONLY WAS THAT GHOULISH, but it was STUPID - for "MORTGAGES" were the core or base of a HUGE portion of Goldman-Sachs (and other financial firms) OVER-VALUED 'investments' and ASSETS - and when a family home was FORECLOSED on, it was a DOUBLE-WHAMMY against those "financial assets": first, a FAILED MORTGAGE sitting on a bank's books, and, second, ALL THE HOME VALUES in the neighborhood ARE DEPRESSED by the drop in value of the foreclosed home, duh!
THE NEW YORK TIMES was TOO GREEDY, COMPLICIT, and CORRUPT to make the above VERY SIMPLE CONNECTIONS between THE LOOMING FORECLOSURE CRISIS and GOLDMAN-SACHS' insanely greedy, GHOULISH "Billion-dollar" BONUSES of 2006!!
(As if that wasn't bad enough, EVEN by 2006 MUCH of GoldmanSachs' "profits" WERE FAKE - dependent on "BACK-DOOR BAILOUTS" of the Fed __CREATING MONEY OUT OF THIN AIR__ and GIVING IT to their favorite banks, aka "LIQUIDITY INJECTIONS" that had, by March of 2008, deposited ONE TRILLION un-earned dollars in the vaults of those fortunate few banks.
http://finance.yahoo.com/tech-ticker/article/7483/Fed-Heads-Back-to-the-Well-Will-It-Run-Dry?
This process has NEVER been discussed or explained in detail!
(Even though of course "LIQUIDITY INJECTIONS hit the news every so often - including BEN BERNANKE dishing out ANOTHER $630 BILLION to the large banks
http://www.bloomberg.com/apps/news?pid=20601087&sid=a9MTZEgukPLY
the VERY WEEK that Hank Paulson DEMANDED of Speaker Pelosi and her 110th "Democratic" Congress the $700 BILLION dollars in "front-door" bailouts we are all more familiar with... That is, a total of OVER ONE TRILLION in Taxpayer BAILOUTS of the big banks, from the ONE WEEK of market meltdown in September 2008, alone!)
The above just the prelude or back-history to today's SNARKY NYT/Sorkin story,
"If Goldman Returns Aid, Will Others?"
http://www.nytimes.com/2009/03/24/business/24sorkin.html
Sorkin DOES mention some of the (mega!) concerns about Goldman-Sachs in the first place:
With the INSANELY irrational Obama "financial" camp REFUSING to provide Americans with A SINGLE major AUDIT of a SINGLE bailed-out bank, it is EASY to see why: THE NEW YORK TIMES and GOLDMAN SACHS __DO NOT WANT__ any GOOD financial reporting - MUCH LESS AUDITS!!
WHEN Mr. Rahm Emanuel (President Obama's Head-Skull-Crusher and Gate-keeper, i.e. Chief of Staff) worked with "Chicago boutique INVESTMENT BANK" Wasserstein-Perrella
http://dealbook.blogs.nytimes.com/2008/11/07/rahm-emanuel-former-investment-banker/
to help arrange a billion-dollar LBO ("LEVEREGED Buy Out" or "MERGER" or "ACQUISTION") of a target company, you may rest assured that Mr. Emanuel and his partners EXAMINED and DISSECTED and INSPECTED and _AUDITED_ -_EVERY DIME_ of that target's company's value and accounting. (duh!) BUT! Acting as agent for AMERICAN TAXPAYERS (in his role in the US GOVERNMENT as Chief of Staff to the President) - Mr. Emanuel DOES NOT BELIEVE that we, the taxpayers, ARE ENTITLED to those same top-to-bottom Accounting or disclosures!!
The OBAMA Administration is __ROBBING American taxpayers__ of TIMELY and ACCURATE AUDITS of this "TRILLIONS OF taxpayer & investor DOLLARS LOST into the ether" Economic wreckage - and THAT is how THE NEW YORK TIMES and GOLDMAN-SACHS WANT IT!
And of course Mr. Sorkin does FLIRT with part of the above "we love secrecy" problem:
"WHISPER CAMPAIGN"?? Mr. Paulson was GOLDMAN-SACHS CHAIRMAN for FIVE YEARS, up to the moment just 2 years ago that he became President Bush's TREASURY SECRETARY!! We KNOW that Mr. Paulson's portfolio at Goldman-Sachs (comprised mostly of GS stock) was at one time valued OVER $430 million! (some estimates over half-a-BILLION dollars) amassed in his 15 years there as a trader before becoming Chairman, but we DO NOT know how thoroughly Mr. Pualson DIVESTED his portfolio from GoldmanSachs when he became Bush's Treasury Secretary, and we DO know (thought he insanely corrupt NY Times refuses to discuss it), that VICE PRESIDENT CHENEY _NEVER_ completely DIVESTED his HALLIBURTON stock, even through his entire term as VP Mr. Cheney continued to hold HALLIBURTON DEFERRED STOCK OPTIONS, and Mr. Cheney CONTINUED to HAND HALLIBURTON BILLION-DOLLAR NO BID, NO OVERSIGHT, NO STRINGS ATTACHED contracts to his "former" company!! (Including of course BILLIONS of dollars of post-Katrina "rebuilding" contracts on the Gulf Coast and in New Orleans - even though Mr. Cheney and Mr. Bush REFUSED to commission an ENVIRONMENTAL MASTER PLAN for the region that would minimize future disaster impacts, and maximize rediness, planning & infrastructure and infrastructure improvements - and even though the INSANELY CORRUPT NEW YORK TIMES _REFUSES_ to delve into THAT NEW round of government CRIMINAL NEGLIGENCE, even after the New Orleans flooding exposed the Bush administration disaster response as incompetent, corrupt, bumbling, if not goulish!)
By detouring into the NEW YORK TIMES (journalistic, if not) criminal COMPLICITY in the LACK OF ENVIRONMENTAL MASTER-PLANNING for post-Katrina New Orleans and Gulf Coast under the Bush administration, we have not even gotten to that OTHER Goldman-Sachs CHAIRMAN, ROBERT RUBINS, PUSHING President Clinton to sign BOTH the GRAMM-Leach-Bliley Act (GLBA) of 1999, AND the "Commodity Futures Modernization Act" of 2000
- both of which were the DEREGULATION MONSTROSITIES which, among other things, led DIRECTLY to the AIG and ENRON BANKKRUPTCIES, if not the Goldman-Sachs, Bear-Stearns, Fannie-Mae, Merrill-Lynch, and other MEGA-BANKRUPTCIES as well!
When you have "Democrat" Treasury Secretaris (Lawrence Summers followed Rubins as Clinton's Treasury Secretary, and ALSO supported GLBA, CFMA2000, and other "deregulation" & secrecy agenda items pushed by the big banks) SUPPORTING THE MOST RIGHT-WING of Republican Politicans, in drafting and passing THE MOST RIGHT-WING of "LOOT the village and PLUNDER the villagers" "DEREGULATION" legislation favored by the likes of uber-Right-Wing Republicans PHIL GRAMM, DICK ARMEY, TRENT LOTT, JESSE HELMS, JIM LEACH, Thomas BLILEY, and TOM DeLAY (etc, ad naseum), then those "Democrat" Treasury Secretaries ARE NOT SO "DEMOCRATIC" at all!
NO, Mr. Sorkin, the PROBLEM IS NOT, as you maintain, "that other banks would be FORCED to try to match Goldman-Sachs return of bonus billions" - the PROBLEM is that we STILL have NO IDEA of the FULL ROLE Goldman-Sachs had in creating America's ECONOMIC MELTDOWN, and, worse, THE NEW YORK TIMES has absolutely ZERO MOTIVATION to INFORM American citizens and taxpayers about HOW WE WERE SHOVED into this Crisis!
And "WHY?" would the New York Times be SO INTENTIONALLY DERELICT at explaining to their customers (readers) and America's citizens & leaders the FULL ROLE of GOLDMAN-SACHS and other "financial institutions" in LANDING AMERICA IN THIS CRISIS????
answer: The answer is neatly and tidly provided in the last sentence of Mr. Sorkin's article as it is posted on the New York Times website today:
THE ONLY thing the New York Times cares about, is "MERGERS & ACQUISTIONS" - the ability of GOLDMAN SACHS to LEVERAGE _EVERY LITTLE ADVANTAGE_ they can possibly find - much less the advantage of having a DIRECT LINE to BILLIONS upon BILLIONS upon BILLION upon BILLIONS of government money, whether "FRONT DOOR BAILOUTS," "BACK-DOOR BAILOUTS," FAVORABLE government rulings & contracts, or just plain secret "insider" tips - To BUY UP and OWN _EVERYTHING_ of value in sight, that they can possibly get their hands on!
Even if DRIVING MILLIONS of Ameicans INTO FORECLOSURE, EVICTION,and BANKRUPTCY, and then using GOVERNMENT (taxpayer) BILLIONS to - NOT rescue the economy, but ONCE AGAIN INFLATE Goldman's balance sheet, and then BUY UP DISTRESSED PROPERTIES for PENNIS ON THE DOLLAR - is part of that ghoulish process!
Mr. Sorkin may be COMPLETELY UNAWARES of the ability of Big Banksters to "PROFIT" or take advantage of "BACK-DOOR BAILOUTS" - but his fellow (but NON-FINANCIAL) writer at the Times, Ms. Maureen Dowd, is certainly aware of them:
http://www.nytimes.com/2009/03/22/opinion/22dowd.html
To Repeat, the ONLY thing the NEW YORK TIMES CARES ABOUT is "The OWNERSHIP Society" - the ELITE, TOP-1% "ownership" class. Not only have they (along with President Obama's own former GOLDMAN-SACHS "advisors") HOODWINKED President Obama into ROBBING Americans of a SINGLE FINANICAL AUDIT of so much as a SINGLE, FAILED, fraudulently run, bailed out bank - even of AIG, a company 80% OWNED by taxpayers! - but the Times and Mr. Obama's GOLDMAN-SACHS Bankster team has Mr. Obama thinking about "REFORMING" Social Security too!
IF Mr. Obama were not so misled and ALOOF - bordering on INSANELY ARROGANT, he might read those wiki stories on how the "Commodity Futures 'MODERNIZATION' Act" the "Gramm-Leach-Bliley Act," and even the JOE BIDEN sponsored "Credit REFORM Act of 2005" all.. CONTRIBUTED to ECONOMIC FAILURES and, regarding Biden's "MBNA Credit Card Extortion Act of 2005" in particular, led DIRECTLY to the FORECLOSURES that are at the very HEART of this economic crisis.
http://economistsview.typepad.com/economistsview/2008/12/bankruptcy-refo.html
But of course this column is not about Mr. Obama - it is about ALAN SORKIN and the NEW YORK TIME's efforts to be PART OF THE LOOT, PLUNDER, PILLAGE and RAPE (pension plans) OLIGARCHY / KLEPTOCRACY, which 'real' agenda the NEW YORK TIMES can ONLY foist on their readers - by BEING INTENTIONALLY EVASIVE, DECEPTIVE, SECRETIVE, and CONSPIRATORIALLY LARCENOUS - that is, by being PAID PROFESSIONAL LIARS!
---------------------------------------------------
PS: in yet another example of the New York Times "reporters" NOT reading Mr. Krugman or some of the other NON-Neo-Con editorials right inside the NY Times, FRANK RICH lays out the GROTESQUE FRAUD and double-standards at the heart of the GOLDMAN-SACHS PREDATION of US financial markets -
http://www.nytimes.com/2009/03/22/opinion/22rich.html
And here is the fellow Neo-Con PROPAGANDA RAG WASHINGTON POST, admitting "RUBIN, PAULSON, and GEITHNER have a 'shared history' leading to the $300 billion BAILOUTS of CITI bank - the bank that Mr. Rubins went to work for after leaving first leaving Goldman-Sachs to go to Treasury, and then departing Treasury to go to Citi to try to TAKE ADVANTAGE of the VERY Phil Gramm DEREGULATION legislation HE HAD PUSHED so relentlessly for -
http://www.washingtonpost.com/wp-dyn/content/article/2008/11/24/AR2008112401118_pf.html
THAT IS, PRESIDENT OBAMA's CURRENT lead Economics advisor, was DIRECTLY at the HEART of BOTH DEREGULATION bills, AND the FINANCIAL MELTDOWN of Citi-group - which HAD been "Citi-bank" until Mr. Rubin helped turn it into an OUT OF CONTROL, NO OVERSIGHT, no audits, DERIVATIVES-TRADING financial NIGHTMARE!
-----------------------------------------------
Note: President Obama ADMITS that there is at least SOME _FINANCIAL FRAUD_ in the BAILOUT BILLIONS - but he can NOT be bothered to look for it, he treats FINANICAL COLLAPSE of MILLIONS of American's savings & pensions and investments and home-values as a THROW-AWAY LAUGH on the Jay Leno show! -
(at 2 minutes, Mr. Obama admits that "MOST of what happened is legal" - "MOST" does NOT mean "ALL", and he exhibits NO, Zero interest in PROTECTING AMERICANS from POTENTIAL (what everyone else in America but he knows is MASSIVE) fraud!
http://www.charlierose.com/view/interview/10164
and Sorkin basically never once offered any refutation to Nobel-prize winning economist (and fellow NY Times writer) Mr. Krugman's assertion, that the BAILOUTS are a monstrosity - a WASTED OPPORTUNITY that has delivered BILLIONS upon HUNDREDS-of-billions of TAXPAYER DOLLARS TO the very Banksters who RUINED America's economy and finanical markets - and that instead of GETTING CREDIT FLOWING, and making sure the TAXPAYER (bailout) funds actual stimulate consumption and production, the Big Bailout Banks have used the money to "Bolster their balance sheets" - something that, had the US Congress known, they would NEVER have approved of either Mr. Paulson or Mr. Obama's BAILOUT requests (demands).
But today Mr. Sorkin pops up at the New York Times article http://www.nytimes.com/2009/03/24/business/24sorkin.html
in the FAR MORE TRADITIONAL NY Times role: PROPPING UP the NEO-CON TAKEOVER of the world, in this case, making the case that uber-Neo-Con "finanical institution" GOLDMAN-SACHS are the "GOOD GUYS", who are "TRYING TO PAY BACK TAXPAYER DOLLARS in advance of schedule."
Needless to say, Sorkin AND the Times miss YET ANOTHER OPPORTUNITY to delve into GOLDMAN-SACHS ROLE in the WIPING OUT of TRILLIONS OF DOLLARS of INVESTOR VALUE in this economic meltdown.
To repeat from our previous posts - HERE is the NEW YORK TIMES, JOINING Goldman-Sachs, in GLOATING about Goldman's BILLION DOLLAR BONUS CHRISTMAS - of 2006!!
http://www.nytimes.com/2006/12/12/business/12cnd-earn.html
Back then the GHOULISH New York Times REFUSED to CONNECT-the-DOTS on Goldman-Sachs execs GLOATING about THEIR BONUSES - WHILE tens of thousands of American families were ALREADY STARTING TO FACE FORECLOSURE and EVICTION that December of 2006!
Needless to say, NOT ONLY WAS THAT GHOULISH, but it was STUPID - for "MORTGAGES" were the core or base of a HUGE portion of Goldman-Sachs (and other financial firms) OVER-VALUED 'investments' and ASSETS - and when a family home was FORECLOSED on, it was a DOUBLE-WHAMMY against those "financial assets": first, a FAILED MORTGAGE sitting on a bank's books, and, second, ALL THE HOME VALUES in the neighborhood ARE DEPRESSED by the drop in value of the foreclosed home, duh!
THE NEW YORK TIMES was TOO GREEDY, COMPLICIT, and CORRUPT to make the above VERY SIMPLE CONNECTIONS between THE LOOMING FORECLOSURE CRISIS and GOLDMAN-SACHS' insanely greedy, GHOULISH "Billion-dollar" BONUSES of 2006!!
(As if that wasn't bad enough, EVEN by 2006 MUCH of GoldmanSachs' "profits" WERE FAKE - dependent on "BACK-DOOR BAILOUTS" of the Fed __CREATING MONEY OUT OF THIN AIR__ and GIVING IT to their favorite banks, aka "LIQUIDITY INJECTIONS" that had, by March of 2008, deposited ONE TRILLION un-earned dollars in the vaults of those fortunate few banks.
http://finance.yahoo.com/tech-ticker/article/7483/Fed-Heads-Back-to-the-Well-Will-It-Run-Dry?
This process has NEVER been discussed or explained in detail!
(Even though of course "LIQUIDITY INJECTIONS hit the news every so often - including BEN BERNANKE dishing out ANOTHER $630 BILLION to the large banks
http://www.bloomberg.com/apps/news?pid=20601087&sid=a9MTZEgukPLY
the VERY WEEK that Hank Paulson DEMANDED of Speaker Pelosi and her 110th "Democratic" Congress the $700 BILLION dollars in "front-door" bailouts we are all more familiar with... That is, a total of OVER ONE TRILLION in Taxpayer BAILOUTS of the big banks, from the ONE WEEK of market meltdown in September 2008, alone!)
The above just the prelude or back-history to today's SNARKY NYT/Sorkin story,
"If Goldman Returns Aid, Will Others?"
http://www.nytimes.com/2009/03/24/business/24sorkin.html
Sorkin DOES mention some of the (mega!) concerns about Goldman-Sachs in the first place:
"Goldman’s sudden urgency to return the money stems, in part, from the uproar over A.I.G.’s bonuses last week, and the criticism of Goldman over revelations that the firm had been the largest recipient of government money as a counterparty of bets placed with A.I.G."- but in the VERY NEXT SENTENCE, Sorkin careens at 100 mph AWAY from that teaser his has just waved in front of our noses!
With the INSANELY irrational Obama "financial" camp REFUSING to provide Americans with A SINGLE major AUDIT of a SINGLE bailed-out bank, it is EASY to see why: THE NEW YORK TIMES and GOLDMAN SACHS __DO NOT WANT__ any GOOD financial reporting - MUCH LESS AUDITS!!
WHEN Mr. Rahm Emanuel (President Obama's Head-Skull-Crusher and Gate-keeper, i.e. Chief of Staff) worked with "Chicago boutique INVESTMENT BANK" Wasserstein-Perrella
http://dealbook.blogs.nytimes.com/2008/11/07/rahm-emanuel-former-investment-banker/
to help arrange a billion-dollar LBO ("LEVEREGED Buy Out" or "MERGER" or "ACQUISTION") of a target company, you may rest assured that Mr. Emanuel and his partners EXAMINED and DISSECTED and INSPECTED and _AUDITED_ -_EVERY DIME_ of that target's company's value and accounting. (duh!) BUT! Acting as agent for AMERICAN TAXPAYERS (in his role in the US GOVERNMENT as Chief of Staff to the President) - Mr. Emanuel DOES NOT BELIEVE that we, the taxpayers, ARE ENTITLED to those same top-to-bottom Accounting or disclosures!!
The OBAMA Administration is __ROBBING American taxpayers__ of TIMELY and ACCURATE AUDITS of this "TRILLIONS OF taxpayer & investor DOLLARS LOST into the ether" Economic wreckage - and THAT is how THE NEW YORK TIMES and GOLDMAN-SACHS WANT IT!
And of course Mr. Sorkin does FLIRT with part of the above "we love secrecy" problem:
< "Goldman would also like to put an end to the whisper campaigns about ties between it and Mr. Paulson (and Timothy F. Geithner, too, for that matter)." >
"WHISPER CAMPAIGN"?? Mr. Paulson was GOLDMAN-SACHS CHAIRMAN for FIVE YEARS, up to the moment just 2 years ago that he became President Bush's TREASURY SECRETARY!! We KNOW that Mr. Paulson's portfolio at Goldman-Sachs (comprised mostly of GS stock) was at one time valued OVER $430 million! (some estimates over half-a-BILLION dollars) amassed in his 15 years there as a trader before becoming Chairman, but we DO NOT know how thoroughly Mr. Pualson DIVESTED his portfolio from GoldmanSachs when he became Bush's Treasury Secretary, and we DO know (thought he insanely corrupt NY Times refuses to discuss it), that VICE PRESIDENT CHENEY _NEVER_ completely DIVESTED his HALLIBURTON stock, even through his entire term as VP Mr. Cheney continued to hold HALLIBURTON DEFERRED STOCK OPTIONS, and Mr. Cheney CONTINUED to HAND HALLIBURTON BILLION-DOLLAR NO BID, NO OVERSIGHT, NO STRINGS ATTACHED contracts to his "former" company!! (Including of course BILLIONS of dollars of post-Katrina "rebuilding" contracts on the Gulf Coast and in New Orleans - even though Mr. Cheney and Mr. Bush REFUSED to commission an ENVIRONMENTAL MASTER PLAN for the region that would minimize future disaster impacts, and maximize rediness, planning & infrastructure and infrastructure improvements - and even though the INSANELY CORRUPT NEW YORK TIMES _REFUSES_ to delve into THAT NEW round of government CRIMINAL NEGLIGENCE, even after the New Orleans flooding exposed the Bush administration disaster response as incompetent, corrupt, bumbling, if not goulish!)
By detouring into the NEW YORK TIMES (journalistic, if not) criminal COMPLICITY in the LACK OF ENVIRONMENTAL MASTER-PLANNING for post-Katrina New Orleans and Gulf Coast under the Bush administration, we have not even gotten to that OTHER Goldman-Sachs CHAIRMAN, ROBERT RUBINS, PUSHING President Clinton to sign BOTH the GRAMM-Leach-Bliley Act (GLBA) of 1999, AND the "Commodity Futures Modernization Act" of 2000
- both of which were the DEREGULATION MONSTROSITIES which, among other things, led DIRECTLY to the AIG and ENRON BANKKRUPTCIES, if not the Goldman-Sachs, Bear-Stearns, Fannie-Mae, Merrill-Lynch, and other MEGA-BANKRUPTCIES as well!
< "The 1999 Gramm-Leach-Bliley Act, however, put the parent holding company of each of the big American brokerages BEYOND S.E.C. OVERSIGHT. In order for the agreement to go ahead, the investment banks lobbied for a decision that would allow "voluntary" inspection of their parent and subsidiary holdings by the SEC." >
http://en.wikipedia.org/wiki/Henry_Paulson
When you have "Democrat" Treasury Secretaris (Lawrence Summers followed Rubins as Clinton's Treasury Secretary, and ALSO supported GLBA, CFMA2000, and other "deregulation" & secrecy agenda items pushed by the big banks) SUPPORTING THE MOST RIGHT-WING of Republican Politicans, in drafting and passing THE MOST RIGHT-WING of "LOOT the village and PLUNDER the villagers" "DEREGULATION" legislation favored by the likes of uber-Right-Wing Republicans PHIL GRAMM, DICK ARMEY, TRENT LOTT, JESSE HELMS, JIM LEACH, Thomas BLILEY, and TOM DeLAY (etc, ad naseum), then those "Democrat" Treasury Secretaries ARE NOT SO "DEMOCRATIC" at all!
NO, Mr. Sorkin, the PROBLEM IS NOT, as you maintain, "that other banks would be FORCED to try to match Goldman-Sachs return of bonus billions" - the PROBLEM is that we STILL have NO IDEA of the FULL ROLE Goldman-Sachs had in creating America's ECONOMIC MELTDOWN, and, worse, THE NEW YORK TIMES has absolutely ZERO MOTIVATION to INFORM American citizens and taxpayers about HOW WE WERE SHOVED into this Crisis!
And "WHY?" would the New York Times be SO INTENTIONALLY DERELICT at explaining to their customers (readers) and America's citizens & leaders the FULL ROLE of GOLDMAN-SACHS and other "financial institutions" in LANDING AMERICA IN THIS CRISIS????
answer: The answer is neatly and tidly provided in the last sentence of Mr. Sorkin's article as it is posted on the New York Times website today:
< The latest news on mergers and acquisitions can be found at nytimes.com/dealbook. >
THE ONLY thing the New York Times cares about, is "MERGERS & ACQUISTIONS" - the ability of GOLDMAN SACHS to LEVERAGE _EVERY LITTLE ADVANTAGE_ they can possibly find - much less the advantage of having a DIRECT LINE to BILLIONS upon BILLIONS upon BILLION upon BILLIONS of government money, whether "FRONT DOOR BAILOUTS," "BACK-DOOR BAILOUTS," FAVORABLE government rulings & contracts, or just plain secret "insider" tips - To BUY UP and OWN _EVERYTHING_ of value in sight, that they can possibly get their hands on!
Even if DRIVING MILLIONS of Ameicans INTO FORECLOSURE, EVICTION,and BANKRUPTCY, and then using GOVERNMENT (taxpayer) BILLIONS to - NOT rescue the economy, but ONCE AGAIN INFLATE Goldman's balance sheet, and then BUY UP DISTRESSED PROPERTIES for PENNIS ON THE DOLLAR - is part of that ghoulish process!
Mr. Sorkin may be COMPLETELY UNAWARES of the ability of Big Banksters to "PROFIT" or take advantage of "BACK-DOOR BAILOUTS" - but his fellow (but NON-FINANCIAL) writer at the Times, Ms. Maureen Dowd, is certainly aware of them:
http://www.nytimes.com/2009/03/22/opinion/22dowd.html
<< Goldman Sachs separately got $10 billion in bailout money last year, but recently asserted snootily that it’s doing well enough and doesn’t want our money because of the restrictions attached. Yet as Goldman sneers at the federal money at the front door, it’s taking delivery of billions in no-strings federal money through the back door. >>(Note: Technically Mr. Sorkin does MENTION Goldman-Sachs getting an $11 BILLION dollar chunk of the AIG BAILOUT - but that, of course is only the TIP of the iceberg that Sorkin and the NEW YORK WHORE TIMES happily PRETEND not to notice. And NON-FINANICAL columnist Dowd says it FAR BETTER than anyone at the Times "news" or "financial" or (lol) "reporting" desks:
<< Virtually unnoticed amid the bonus imbroglio was A.I.G.’s grudging disclosure that it had funneled $93 billion — more than half its federal money to date — to its high-flying insurees, including Goldman Sachs, Merrill Lynch and a group of European banks. >>
To Repeat, the ONLY thing the NEW YORK TIMES CARES ABOUT is "The OWNERSHIP Society" - the ELITE, TOP-1% "ownership" class. Not only have they (along with President Obama's own former GOLDMAN-SACHS "advisors") HOODWINKED President Obama into ROBBING Americans of a SINGLE FINANICAL AUDIT of so much as a SINGLE, FAILED, fraudulently run, bailed out bank - even of AIG, a company 80% OWNED by taxpayers! - but the Times and Mr. Obama's GOLDMAN-SACHS Bankster team has Mr. Obama thinking about "REFORMING" Social Security too!
IF Mr. Obama were not so misled and ALOOF - bordering on INSANELY ARROGANT, he might read those wiki stories on how the "Commodity Futures 'MODERNIZATION' Act" the "Gramm-Leach-Bliley Act," and even the JOE BIDEN sponsored "Credit REFORM Act of 2005" all.. CONTRIBUTED to ECONOMIC FAILURES and, regarding Biden's "MBNA Credit Card Extortion Act of 2005" in particular, led DIRECTLY to the FORECLOSURES that are at the very HEART of this economic crisis.
http://economistsview.typepad.com/economistsview/2008/12/bankruptcy-refo.html
But of course this column is not about Mr. Obama - it is about ALAN SORKIN and the NEW YORK TIME's efforts to be PART OF THE LOOT, PLUNDER, PILLAGE and RAPE (pension plans) OLIGARCHY / KLEPTOCRACY, which 'real' agenda the NEW YORK TIMES can ONLY foist on their readers - by BEING INTENTIONALLY EVASIVE, DECEPTIVE, SECRETIVE, and CONSPIRATORIALLY LARCENOUS - that is, by being PAID PROFESSIONAL LIARS!
---------------------------------------------------
PS: in yet another example of the New York Times "reporters" NOT reading Mr. Krugman or some of the other NON-Neo-Con editorials right inside the NY Times, FRANK RICH lays out the GROTESQUE FRAUD and double-standards at the heart of the GOLDMAN-SACHS PREDATION of US financial markets -
http://www.nytimes.com/2009/03/22/opinion/22rich.html
And here is the fellow Neo-Con PROPAGANDA RAG WASHINGTON POST, admitting "RUBIN, PAULSON, and GEITHNER have a 'shared history' leading to the $300 billion BAILOUTS of CITI bank - the bank that Mr. Rubins went to work for after leaving first leaving Goldman-Sachs to go to Treasury, and then departing Treasury to go to Citi to try to TAKE ADVANTAGE of the VERY Phil Gramm DEREGULATION legislation HE HAD PUSHED so relentlessly for -
http://www.washingtonpost.com/wp-dyn/content/article/2008/11/24/AR2008112401118_pf.html
THAT IS, PRESIDENT OBAMA's CURRENT lead Economics advisor, was DIRECTLY at the HEART of BOTH DEREGULATION bills, AND the FINANCIAL MELTDOWN of Citi-group - which HAD been "Citi-bank" until Mr. Rubin helped turn it into an OUT OF CONTROL, NO OVERSIGHT, no audits, DERIVATIVES-TRADING financial NIGHTMARE!
-----------------------------------------------
Note: President Obama ADMITS that there is at least SOME _FINANCIAL FRAUD_ in the BAILOUT BILLIONS - but he can NOT be bothered to look for it, he treats FINANICAL COLLAPSE of MILLIONS of American's savings & pensions and investments and home-values as a THROW-AWAY LAUGH on the Jay Leno show! -
(at 2 minutes, Mr. Obama admits that "MOST of what happened is legal" - "MOST" does NOT mean "ALL", and he exhibits NO, Zero interest in PROTECTING AMERICANS from POTENTIAL (what everyone else in America but he knows is MASSIVE) fraud!
Sunday, March 22, 2009
MAUREEN DOWD, in FOUR sentences, REPORTS on FINANCIAL CRISIS _BETTER_ than the "Financial Press" whores!
WHY does KEITH OLBERMANN, in a SEVEN MINUTE VIDEO, explain AMERICA's ECONONOMIC CRISIS _BETTER_ than 10,000 "financial" articles coming out of America's corporate press/media?
WHY do New York Times' columnists MAUREEN DOWD's _FOUR SENTENCES_ explain the BILLIONS of TAXPAYER DOLLARS that _GOLDMAN-SACHS_ has TAKEN from AMERICAN TAXPAYERS, better than ANYTHING you will read in the "FINANCIAL press"?
The answer is because GOLDMAN SACHS _OWNS_ BOTH political parties:
PRESIDENT BUSH's TREASURY SECRETARY, HANK PAULSON, was from GOLDMAN SACHS, as was PRESIDENT CLINTON's _Treasury Secretary_, ROBERT RUBINS, who is also NOW PRESIDENT OBAMA's TOP eocnomic advisor!
ROBERT RUBIN, LAWRENCE SUMMERS, HANK PAULSON, and JIM CRAMER - ALL are either Goldman-Sachs alumni, or in Summers' case, a "consultant" to the firm that WOULD BE BANKRUPT were it not for BILLIONS upon BILLIONS upon BILLIONS of TAXPAYER BAILOUT dollars. And the above "Four Mousketeers of Goldman-Sachs ENTITLEMENT, BAILOUT FRAUD" doesn't even include MARK PATTERSON, the guy Obama's hapless & INCOMPETENT current "Treasury Secretary," TIM GEITHNER, selected to be his #2 man at Treasury:
MARK PATTERSON, a _FORMER GOLDMAN SACHS LOBBYIST!"
http://www.usatoday.com/news/washington/2009-01-27-lobbyist_N.htm
(Dowd's commentary does mention Patterson - one of the rare few media mentions of his name, anywhere!)
And Maureen Dowd is THE FIRST commentator we have read, ANYWHERE, who mentions the __"BACK DOOR"__ methods the big banks use to SUCK UP TAXPAYER DOLLARS, while PRETENDING that they don't.
Because GIVING BILLIONS of TAXPAYER DOLLARS to FRAUDULENT BANKSTERS, is what BOTH DEMOCRATS and REPUBLICAN politicians do!
WHY do New York Times' columnists MAUREEN DOWD's _FOUR SENTENCES_ explain the BILLIONS of TAXPAYER DOLLARS that _GOLDMAN-SACHS_ has TAKEN from AMERICAN TAXPAYERS, better than ANYTHING you will read in the "FINANCIAL press"?
The answer is because GOLDMAN SACHS _OWNS_ BOTH political parties:
PRESIDENT BUSH's TREASURY SECRETARY, HANK PAULSON, was from GOLDMAN SACHS, as was PRESIDENT CLINTON's _Treasury Secretary_, ROBERT RUBINS, who is also NOW PRESIDENT OBAMA's TOP eocnomic advisor!
ROBERT RUBIN, LAWRENCE SUMMERS, HANK PAULSON, and JIM CRAMER - ALL are either Goldman-Sachs alumni, or in Summers' case, a "consultant" to the firm that WOULD BE BANKRUPT were it not for BILLIONS upon BILLIONS upon BILLIONS of TAXPAYER BAILOUT dollars. And the above "Four Mousketeers of Goldman-Sachs ENTITLEMENT, BAILOUT FRAUD" doesn't even include MARK PATTERSON, the guy Obama's hapless & INCOMPETENT current "Treasury Secretary," TIM GEITHNER, selected to be his #2 man at Treasury:
MARK PATTERSON, a _FORMER GOLDMAN SACHS LOBBYIST!"
http://www.usatoday.com/news/washington/2009-01-27-lobbyist_N.htm
(Dowd's commentary does mention Patterson - one of the rare few media mentions of his name, anywhere!)
And Maureen Dowd is THE FIRST commentator we have read, ANYWHERE, who mentions the __"BACK DOOR"__ methods the big banks use to SUCK UP TAXPAYER DOLLARS, while PRETENDING that they don't.
Because GIVING BILLIONS of TAXPAYER DOLLARS to FRAUDULENT BANKSTERS, is what BOTH DEMOCRATS and REPUBLICAN politicians do!
Maureen Dowd's FOUR SENTENCES, plus one addressing US TAXPAYER BAILOUT BILLIONS going to FOREIGN banks... including UBS, which has a SERIAL, CHRONIC reputation for DEFRAUDING American taxpayers by HARBORING American TAX CHEATS!
http://www.nytimes.com/2009/03/22/opinion/22dowd.html
At the New York Fed, Geithner helped preside over the A.I.G. bailout in September. But in October, it was Andrew Cuomo, the New York attorney general, who had to threaten to sue unless A.I.G. canceled $160 million in planned expenses for conferences and a $600 million bonus pool.
Virtually unnoticed amid the bonus imbroglio was A.I.G.’s grudging disclosure that it had funneled $93 billion — more than half its federal money to date — to its high-flying insurees, including Goldman Sachs, Merrill Lynch and a group of European banks.
Goldman Sachs separately got $10 billion in bailout money last year, but recently asserted snootily that it’s doing well enough and doesn’t want our money because of the restrictions attached. Yet as Goldman sneers at the federal money at the front door, it’s taking delivery of billions in no-strings federal money through the back door. Can we taxpayers deduct the difference?
Our gift to Goldman demonstrates why the government’s headless and heedless bailout of A.I.G. is so wrong.
And why are we bailing out foreign banks, including a couple of French ones and UBS, a Swiss bank currently tussling with the I.R.S. because it refuses to hand over the names of thousands of U.S. tax-dodgers?
Thursday, March 19, 2009
MEDIA lying WHORES Washington Post & New York Times REFUSE to note ANNIVERSARY of Bush's IRAQ WAR 6 yrs ago...
Note how at today's Jewish-owned NEW YORK TIMES, both print-copy & web-site, they will mention "IRANIAN BLOGGER DIES IN PRISON" but they will NOT mention what the USA Today notes: that today marks the start of the SEVENTH YEAR of the US invasion in Iraq, today the six-year anniversary of George W. Bush repeating the "trick" of his father bombing Panama, Bush Jr. unleashing the United States military on a nation that was entirely powerless to stop an international WAR of AGRESSION that had been laid out and planned by the Jewish-dominated "PNAC" think tank, "Project for a New American Century" (or NewAmericanCentury.org) which Dick Cheney, Jeb Bush, Don Rusmfeld, Steve Forbes, and a few other gentiles signed in mid-1997 and early 1998 along with the 50% AIPAC (Jewish) PNAC neo-cons, including PNAC founding co-chairman BILL KRISTOL and ROBERT KAGAN.
http://newamericancentury.org/iraqclintonletter.htm
http://newamericancentury.org/lettersstatements.htm
The JEWISH NEO-CON DOMINATED war-lusting WASHINGTON IMPERIAL POST has a similar "we didn't know!" attitude towards today's anniversary of PAUL WOLFOWITZ's "the ARCHITECT of the IRAQ WAR" murderous brainstorm, either....
http://newamericancentury.org/iraqclintonletter.htm
http://newamericancentury.org/lettersstatements.htm
The JEWISH NEO-CON DOMINATED war-lusting WASHINGTON IMPERIAL POST has a similar "we didn't know!" attitude towards today's anniversary of PAUL WOLFOWITZ's "the ARCHITECT of the IRAQ WAR" murderous brainstorm, either....
Wednesday, March 11, 2009
Jim Cramer ADMITS to MARKET MANIPULATION by HEDGE FUNDS, to FLEECE INVESTORS out of REAL money...
The Comedy Channel's JON STEWART - host of the comedy talk-show "The Daily Show" which usually mimicks "real" news broadcasts - in yet another example of how throughly corrupted America has become, is, yet again, MORE INFORMATIVE, in a "comedy" format, THAN network and "Major Media" "NEWS" shows are!
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