How convenient Goldman Sacs gets indicted this week

[Guest]

Isn't it odd how all of a sudden the SEC annouces an indictment against Goldman Sachs at just the same time Obama is trying to take over Wall Street? Just helping with the progress of Obama's agenda I suppose.

Where was this government watchdog and enforcement agency the United States Securities and Exchange Commission while all of this was taking place on Wall Street in general and with Goldman Sachs in particular? I guess they were having drinks with Treasury Sec. Tim Geithner and the Mine Safety Enforcement Administration while warnings of an impending explosion went by with barely a glance.

Another example of what happens when the government and special interest get involved in our lives.

http://firstread.msnbc.msn.com/archive/2010/04/16/2272809.aspx

What is the role of the SEC? The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. Somebody should investigate these crooks. Of course they did this to help Obama. That isn't in their job description.

From their website:

http://www.sec.gov/about/whatwedo.shtml

[Guest]

http://rawstory.com/rs/2010/0419/goldman-sachs-pays-5-billion-bonuses-fraud-charges-loom/

something must be done.

[Guest]

These trumped up charges are being used by Obama to accomplish two things:

One--

An attempt to get support for regulations to give more control of the
private financial sector by the government.

Two--

Take the heat away from the Democrats and the agencies that
forced the institutions to grant sub-prime loans to those anable to
repay them.

The advisors to the President said last year that they planned to use any and every crises to further there plans to re-distribute wealth and enlarge government control over everything.

This investigation is a perfect example of that plan.

[Guest]

Exactly right cashman. Another thing to consider is in an article from the
Washington Post about a recent survey by the International Monetary Fund.
"The IMF's latest Global Financial Stability Report was released Tuesday morning ahead of meetings this week between the fund and the finance ministers of the G-20 group of economically important countries," the story says.

One of the really interesting parts of the survey to me:

"The report said that in many ways the financial system had stabilized, and that some aspects of the recent crisis had proved less severe than initially thought. The agency's estimate of how much banks will have to write off in bad loans, for example, was reduced by $500 billion, to $2.3 trillion.

"But fund officials said government officials needed to act quickly on two fronts: agreeing on new regulations for banks and financial firms, particularly those so large and influential their failure could harm the broader economy, and deciding on the spending cuts, tax increases or other measures needed to curb deficits.

"The window of opportunity for real reform . . . is rapidly closing," as improvements in the economy relieve the pressure for change, the IMF said.

http://www.washingtonpost.com/wp-dyn/content/article/2010/04/20/AR2010042001694.html?hpid=topnews

[Guest]

How to "create" 2.8 million "jobs"


http://www.moonbattery.com/archives/2010/04/more-obama-funny-math.html

[Guest]

Anyone recall how the press said that Enron was Bush's problem because he got about 100,000.00 from them in campaign contributions...a famous magazine cover captured it all.

Goldman gave Obama almost a MILLION dollars in campaign funds.

Should be an interesting ride this as again POLITICS are the driver. Oh for some REAL change !

[Guest]

Anyone recall how the press said that Enron was Bush's problem because he got about 100,000.00 from them in campaign contributions...a famous magazine cover captured it all.

Goldman gave Obama almost a MILLION dollars in campaign funds.

Should be an interesting ride this as again POLITICS are the driver. Oh for some REAL change !

When Bush was president the news media drove it loud every night how bad the unemployment situation. Have you noticed that there is always some "crisis" going on to detract from the high unemployment rate?

[Guest]

http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/Is-Goldman-Obamas-Enron-No-its-worse-91613449.html


Campaign contributions from Goldman Sachs employees to President Obama are nearly seven times as much as President Bush received from Enron workers, according to numbers on OpenSecrets.org.

Read more at the Washington Examiner: http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/Is-Goldman-Obamas-Enron-No-its-worse-91613449.html#ixzz0lgHfCcqj

[Guest]

How to "create" 2.8 million "jobs"


http://www.moonbattery.com/archives/2010/04/more-obama-funny-math.html

You have posted this same link 3 times....

[Guest]

Why is it bad to regulate the casino in New York? Especially the derivatives market?

We surely don't want anymore bailouts.....

[Guest]

Why is it bad to regulate the casino in New York? Especially the derivatives market?

We surely don't want anymore bailouts.....

Dont think anone is opposed to what you are saying. Problem is always in the details and I think....key word is think because this is not a strong area for me....I think the problem is language that "could" in the future although the wording is not clear..could allow for future government bailouts.

Both the President and the Republicans oppose that language !

Problems are always in the details...parties frame the situation in a favorable presentation format...like Health Bill....we insured all those folks who couldnt get insurance...we got rid of the pre existing conditions, etc, but fail to talk about how this thing is such a financial mess it will absolutely kill us. Or the stimulus bill...we are going to jump start the economy, etc, when all is done and someone finally reads the bill it is nothing but pork.

And COLOGAL please dont come back and talk about any other Presidents...we are talking in present tense here

[Guest]

Dont think anone is opposed to what you are saying. Problem is always in the details and I think....key word is think because this is not a strong area for me....I think the problem is language that "could" in the future although the wording is not clear..could allow for future government bailouts.

Both the President and the Republicans oppose that language !

Problems are always in the details...parties frame the situation in a favorable presentation format...like Health Bill....we insured all those folks who couldnt get insurance...we got rid of the pre existing conditions, etc, but fail to talk about how this thing is such a financial mess it will absolutely kill us. Or the stimulus bill...we are going to jump start the economy, etc, when all is done and someone finally reads the bill it is nothing but pork.

And COLOGAL please dont come back and talk about any other Presidents...we are talking in present tense here

Well....I still believe in compare and contrast..in this case it really doesn't do any good. There is enough blame to go around...lets go forward and try to keep this from happening again.