W.H. team discloses TARP firm ties

2009-04-05 15:23:52

#1

ATG: Banned; +5,233|6831|Global Command

Those are among the associations detailed in personal financial disclosure statements released Friday.
Photo: AP

Lawrence Summers, a top economic adviser to President Barack Obama, pulled in more than $2.7 million in speaking fees paid by firms at the heart of the financial crisis, including Citigroup, Goldman Sachs, JPMorgan, Merrill Lynch, Bank of America Corp. and the now-defunct Lehman Brothers.

http://www.politico.com/news/stories/0409/20889.html

Hope. Change. Lies. Fraud.

The more things change...

2009-04-05 16:14:31

#2

Diesel_dyk: Object in mirror will feel larger than it appears; +178|6296|Truthistan

Like I've said before, how can the Fed, congress or the executive chart a course out of this financial mess when the most direct route would mean the end of the very companies that ATG has mentioned. They are all represented on the board of the Federal Reserve, the Fed is their union looking out for their interests, these companies also have their interests well represented in the executive, and the longer this thing drags on the more the lobbyists are buying influence with Congress with our tax/bailout money.

Ultimately these reflation policies will fail, these companies will fail, the federal reserve system will fail and we will be bankrupt.

I guess then we will accept the Chinese one world currency as our savior

2009-04-05 16:20:12

#3

ATG: Banned; +5,233|6831|Global Command

woe to the banks.

After 35 years in America, I never thought I would see this. I still can't quite believe we will sit by as this crisis is used to hand control of our economy over to government. But here we are, on the brink. Clearly, I have been naive.

2009-04-05 17:03:44

#4

Diesel_dyk: Object in mirror will feel larger than it appears; +178|6296|Truthistan

ATG wrote:
woe to the banks.

After 35 years in America, I never thought I would see this. I still can't quite believe we will sit by as this crisis is used to hand control of our economy over to government. But here we are, on the brink. Clearly, I have been naive.

Yup, the other shoe is dropping. The greed of the banks caused them to stick their hand out when they didn't need the money, looks like they are going to get slapped.
But I would say that class warfare started with Reagan. WSJ has a little bias on that one.

2009-04-05 17:18:42

#5

Kmar: Truth is my Bitch; +5,695|6903|132 and Bush

Is Nancy Pelosi the Democrat equivalent of Dick Cheney?

Xbone Stormsurgezz

2009-04-05 17:21:54

#6

ATG: Banned; +5,233|6831|Global Command

Kmarion wrote:
Is Nancy Pelosi the Democrat equivalent of Dick Cheney?

Perhaps, except her enemy is America.

2009-04-05 17:22:04

#7

Reciprocity: Member; +721|6883|the dank(super) side of Oregon

the only reason i can't yet see this as some horrible conspiracy is because they're so fucking bad at keeping it a secret.

Last edited by Reciprocity (2009-04-05 17:23:02)

2009-04-05 17:27:49

#8

Catbox: forgiveness; +505|7018

Banks=Wall St=Govt... they are one in the same... the more regulations the govt comes up with...the more the smart bankers find a way around them... and the dwindling middle class gets stuck holding the bag... Our only chance is 2010 and voting out all incumbents... and 2012 Wayne Root/Ron Paul... hard to believe i'm saying that... but a 3rd party might be the answer to this insanity...

Love is the answer

2009-04-05 18:21:11

#9

ATG: Banned; +5,233|6831|Global Command

^^^

The Only Answer.

2009-04-05 18:57:49

#10

Man With No Name: جندي; +148|5877|The Wild West

ron paul 2012!

2009-04-06 02:52:05

#11

FEOS: Bellicose Yankee Air Pirate; +1,182|6713|'Murka

Diesel_dyk wrote:
ATG wrote:
woe to the banks.

After 35 years in America, I never thought I would see this. I still can't quite believe we will sit by as this crisis is used to hand control of our economy over to government. But here we are, on the brink. Clearly, I have been naive.
Yup, the other shoe is dropping. The greed of the banks caused them to stick their hand out when they didn't need the money, looks like they are going to get slapped.
But I would say that class warfare started with Reagan. WSJ has a little bias on that one.

Class warfare started with LBJ.

“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular

2009-04-06 04:07:05

#12

Dilbert_X: The X stands for; +1,817|6408|eXtreme to the maX

ATG wrote:
Perhaps, except her enemy is America.

America was Dick Cheney's enemy too.

Fuck Israel

2009-04-07 11:28:13

#13

Agent_Dung_Bomb: Member; +302|7038|Salt Lake City

[TUF]Catbox wrote:
Banks=Wall St=Govt... they are one in the same... the more regulations the govt comes up with...the more the smart bankers find a way around them... and the dwindling middle class gets stuck holding the bag... Our only chance is 2010 and voting out all incumbents... and 2012 Wayne Root/Ron Paul... hard to believe i'm saying that... but a 3rd party might be the answer to this insanity...

Only as long as he doesn't think that we could actually go back to the gold standard.

2009-04-07 14:54:44

#14

Turquoise: O Canada; +1,596|6707|North Carolina

We might as well nationalize banking. At least then, there'd be no pretending that it's a free market, and lending practices would be directly tied to the will of the people.

2009-04-08 06:28:01

#15

FEOS: Bellicose Yankee Air Pirate; +1,182|6713|'Murka

Turquoise wrote:
We might as well nationalize banking. At least then, there'd be no pretending that it's a free market, and lending practices would be directly tied to the will of the people.

I don't see how nationalizing banks would tie lending practices to the will of the people. Like anything that's run by the government follows the will of the people...

“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular

2009-04-08 07:44:53

#16

Diesel_dyk: Object in mirror will feel larger than it appears; +178|6296|Truthistan

FEOS wrote:
Turquoise wrote:
We might as well nationalize banking. At least then, there'd be no pretending that it's a free market, and lending practices would be directly tied to the will of the people.
I don't see how nationalizing banks would tie lending practices to the will of the people. Like anything that's run by the government follows the will of the people...

IMO we really should have set up one federal/national bank to keep lending going while the financial industry restructures. One federal bank that would have acted as a competitor to the other banks who should have remained private and never received one penny of bail out money. It would have been nice to have another lender keeping these guys honest and keeping them from jacking up everyones credit card rates just because they decided they want more blood from loans already made.

But instead we have less lending, less competition, and a few 1000 pound piglets on the taxpayers teets. But we didn't do that so right now I would agree with Turq, better to nationalize whats there right now, its all our money anyway. Take it wash it clean get it working again, when everything recovers then refloat it on an IPO and make a bundle for the tax payer. Instead what is going to happen is that the govt will prop it up with money, let it stagger around taking other people down while it restructures and then magically the govt will bow out of the picture and leave the banks to windfall profits because to try to recoup the tax payers money is going to called socialist grab for private assets when the time comes.

2009-04-08 10:09:11

#17

FEOS: Bellicose Yankee Air Pirate; +1,182|6713|'Murka

Diesel_dyk wrote:
FEOS wrote:
Turquoise wrote:
We might as well nationalize banking. At least then, there'd be no pretending that it's a free market, and lending practices would be directly tied to the will of the people.
I don't see how nationalizing banks would tie lending practices to the will of the people. Like anything that's run by the government follows the will of the people...
IMO we really should have set up one federal/national bank to keep lending going while the financial industry restructures. One federal bank that would have acted as a competitor to the other banks who should have remained private and never received one penny of bail out money. It would have been nice to have another lender keeping these guys honest and keeping them from jacking up everyones credit card rates just because they decided they want more blood from loans already made.

But instead we have less lending, less competition, and a few 1000 pound piglets on the taxpayers teets. But we didn't do that so right now I would agree with Turq, better to nationalize whats there right now, its all our money anyway. Take it wash it clean get it working again, when everything recovers then refloat it on an IPO and make a bundle for the tax payer. Instead what is going to happen is that the govt will prop it up with money, let it stagger around taking other people down while it restructures and then magically the govt will bow out of the picture and leave the banks to windfall profits because to try to recoup the tax payers money is going to called socialist grab for private assets when the time comes.

I don't disagree with the proposal...only the notion that a national bank would somehow respond to the will of the people. If anything, the commercial sector responds more rapidly to the will of the people through supply and demand.

“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular

2009-04-08 14:08:12

#18

FEOS: Bellicose Yankee Air Pirate; +1,182|6713|'Murka

topal...who was that wall of text aimed at?

“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular

2009-04-08 14:56:04

#19

Turquoise: O Canada; +1,596|6707|North Carolina

FEOS wrote:
topal...who was that wall of text aimed at?

Good job... he posts something insightful, and you can't even respond to the post other than to do the old wall of text bullshit remark.

By the way, it's rather ironic that you would mention that what the government runs doesn't follow the will of the people. Being a Pentagon employee, I suppose you would know firsthand how little our foreign policy actually reflects the will of the people.

If it did actually reflect our will, we'd have border security and we would stop arming Israel to the teeth. But I suppose that's another discussion.

So, I guess taking your employer as an example, your assumption is correct.

Last edited by Turquoise (2009-04-08 14:59:04)

2009-04-08 16:11:07

#20

FEOS: Bellicose Yankee Air Pirate; +1,182|6713|'Murka

Turquoise wrote:
FEOS wrote:
topal...who was that wall of text aimed at?
Good job... he posts something insightful, and you can't even respond to the post other than to do the old wall of text bullshit remark.

By the way, it's rather ironic that you would mention that what the government runs doesn't follow the will of the people. Being a Pentagon employee, I suppose you would know firsthand how little our foreign policy actually reflects the will of the people.

If it did actually reflect our will, we'd have border security and we would stop arming Israel to the teeth. But I suppose that's another discussion.

So, I guess taking your employer as an example, your assumption is correct.

FFS, Turq. I was being serious. It wasn't a "wall of text bullshit remark".

Unwad your fucking panties.

I honestly didn't know if his insightful and well-written post (which was also a wall of text, btw) was directed at my post or not, as it didn't really address the issues going back and forth between you and I. Edit: And I see it has since been deleted, anyway.

The Pentagon has nothing to do with development of foreign policy, so I'm not sure what your remark on that note is supposed to reflect other than your utter ignorance of governmental roles and responsibilities being overcome by you seeing an attempt at a personal jab.

Last edited by FEOS (2009-04-08 16:19:17)

“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular

2009-04-08 18:03:40

#21

Turquoise: O Canada; +1,596|6707|North Carolina

FEOS wrote:
The Pentagon has nothing to do with development of foreign policy, so I'm not sure what your remark on that note is supposed to reflect other than your utter ignorance of governmental roles and responsibilities being overcome by you seeing an attempt at a personal jab.

Nice try. It doesn't change the fact that they execute foreign policy. That's why I said firsthand.

2009-04-08 21:58:44

#22

FEOS: Bellicose Yankee Air Pirate; +1,182|6713|'Murka

Turquoise wrote:
FEOS wrote:
The Pentagon has nothing to do with development of foreign policy, so I'm not sure what your remark on that note is supposed to reflect other than your utter ignorance of governmental roles and responsibilities being overcome by you seeing an attempt at a personal jab.
Nice try. It doesn't change the fact that they execute foreign policy. That's why I said firsthand.

Nice try, but no. Execution of a mission is not the whole of foreign policy. There are multiple instruments of national power, the military is but one of them. The integrated use of some or all of those instruments is the execution of foreign policy. To take a single instrument (say...the military) and say that whatever the military is doing is or is not reflective of the foreign policy aims of the people is to take a decidedly narrow (and wrong) view.

“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular

BF2S Forums W.H. team discloses TARP firm ties

ATG wrote:

Kmarion wrote:

Diesel_dyk wrote:

ATG wrote:

ATG wrote:

[TUF]Catbox wrote:

Turquoise wrote:

FEOS wrote:

Turquoise wrote:

Diesel_dyk wrote:

FEOS wrote:

Turquoise wrote:

FEOS wrote:

Turquoise wrote:

FEOS wrote:

FEOS wrote:

Turquoise wrote:

FEOS wrote:

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