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View Diary: Former Sen. Judd Gregg Hired by Goldman Sachs (34 comments)

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  •  Didn't the Fed (15+ / 0-)

    ... shovel out something like $2 trillion to banks around the world over and above TARP during the crisis?  I've read that number, but don't remember the fig leaf explanations for what they were doing or why.  I do remember having arguments with apologists about how that $2 trillion would eventually come sloshing back to cause inflation, making us all pay in the end.  "But there is no inflation ... we're in a recession," they'd object.  Obviously they didn't remember the 70's, when stagflation disproved their contention.

    In that $2 trillion, three times the size of TARP, there are probably enough crimes that if they were exposed the Fed would turn into a latter-day Bastille.  Which is why I don't ever expect them to be exposed.

    Capitalism conquered communism, and now it's got democracy on the ropes. (JP Barlow)

    by Dallasdoc on Fri May 27, 2011 at 04:45:05 PM PDT

    •  I've seen as high as 12 trillion. This indicates (5+ / 0-)
      Recommended by:
      Badabing, Mary Mike, Dallasdoc, emal, 4Freedom

      9 trillion, and it's from the MSM.

      S.A.W. 2011 STOP ALL WARS "The Global War on Terror is a fabrication to justify imperialism."

      by BigAlinWashSt on Fri May 27, 2011 at 05:01:36 PM PDT

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    •  Doc, I keep asking that question, but when I ask (8+ / 0-)

      it, do you know what I am called here?  A CT theorists.  I find that so amazing, that we cannot in these amazing usual times, simply asks our government for answers and laws.

      I've been following the story about the great late departed Mark Pittman, from Bloomberg who dared to ask the real questions, that died from this entire horrifying debate in our nation: He was the one that dared to bring up the FOIA against the Federal Reserve, and then, what? Our own Democrats, do not stand up for that?  What is the big fucking secret here?

      I keep asking the same question:

      But what I will not turn away from is to ask this question:

      Why can't we have a discussion anymore about what the Federal Reserve's mandate is and why can't we discuss this?

      I reject that notion.  I also reject the notion that the Federal Reserve is not simply another 'silent arm' of the shadow banking system, that is completely out of control in our nation.

      I does not make any sense to me, to hear Barney Frank tell me he did not know anything about a $ 80 billion dollar pay out.  

      Nor does it make any sense to me, why the Federal Reserve Mandate for Full Employment is the last thing on our agenda, as these Banks were fully subsidized to make them all seem 'solvent' when they were not, and the all got bailed out, while the Middle Class went down in flames, and on top of that, both parties, including President Obama, appointed the Cat Food Commission and Gang of Six, that makes the Rethugs just all on the same page.

      I'm done with that bullshit, all the way.

      Ms. B.


      “I hope the two wings of the Democratic Party may flap together.” William Jennings Bryan

      by Badabing on Fri May 27, 2011 at 05:09:47 PM PDT

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      •  When you can't refute an argument (8+ / 0-)

        .... attact the arguer.  That's the tactic of apologists and politicians on the losing side of the facts everywhere.  Don't worry about what you're called, because you know you're right.

        It's amazing that people even here will cover up for the oligarchy, just because it has their favorite president in its pocket.  That "full employment" mandate is boilerplate inserted by Democratic congresses past who at least pretended to remember what the party stands for, but like the War Powers Act nobody ever expected it to be enforced.  

        I'll believe Barney Frank's ignorance wasn't willful when he picks up Alan Grayson's banner and pushes a real public audit of the Fed.  Until then, I won't take even Barney's protestations seriously.  He's had his nest feathered too cushily to be reliable on these topics.

        Capitalism conquered communism, and now it's got democracy on the ropes. (JP Barlow)

        by Dallasdoc on Fri May 27, 2011 at 05:21:34 PM PDT

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        •  Yep, only difference is that Gregg didn't stop (2+ / 0-)
          Recommended by:
          Badabing, psychodrew

          on the way to this position as Sec'y of Commerce in the Obama Administration, as planned.

          We're dangerously close, at least at the federal level, to an effective one-party system devoted to the plutonomy.  

          What shall we call it?  The Establicans?  The Aristocrats?...

          Conservatives are] engaged in one of man's oldest exercises in moral philosophy; ...the search for a superior moral justification for selfishness. JK Galbraith

          by Vtdblue on Fri May 27, 2011 at 06:04:55 PM PDT

          [ Parent ]

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