I have officially reached an all time high of what I can only call 'Corruption Fatigue,'' in our nation, so I'm not at all surprised to hear that former Governor and Senator of New Hampshire, Judd Greg has been hired by Goldman Sachs as yet another (closet lobbyist, i.e., fake consultant) today in the news.
My husband, worked under the government in New Hampshire, during Judd Gregg's tenure as Governor, and he used these words to describe him:
'When he shook, my hand on several occasions I always felt as if I were shaking the hand of a cold hard dead fish, and looking a cobra in the eyes. I actually felt all the hairs on the back of my neck standing up, and I had a strong feeling I wasn't the only one in the room experiencing this same feeling.' HAT TIP to my astute husband who I adore.
Early last year, Gregg said that Democrats were overreacting to civil charges filed against Goldman for securities fraud by using the indictment to push regulatory reform. He noted at the time that the allegations had not yet been proven in court.
"It's really disingenuous for some people to pursue regulatory reform based off this one instance," the retired senator said on MSNBC. "This is a single event, we don't even know what the outcome will be."
During an April 2010 appearance on Fox News, Gregg corrected the host Greta Van Susteren's assertion that Goldman received a $10 billion bailout. The bank didn't need the money, and that it's wrong to criticize them for handing out big bonuses, he said:
Did you catch that? After a two year investigation, by Senator Carl Levin and his own Senate panel did that fully provides all the evidence (that AG Eric Holder refused to do and has of yet, refused to address), Gregg, called all 'an antedonale event.'
And this is after the amazing block buster story yesterday, that Bloomberg broke, in their further efforts to expose the Federal Reserve for what they are in the Freedom of Information Act, they they recently won by the Supreme Court.
You actually thought this TARP agreement of $ 700 billion was the bottom line? Whereby Hank Paulson (formerly of Goldman Sachs) held a virtual gun up against Congress's head?) Get over it, that was just the beginning.
Credit Suisse, Goldman Sachs and Royal Bank of Scotland each borrowed at least $30 billion in 2008 from a Federal Reserve emergency lending program whose details weren’t revealed to shareholders, members of Congress or the public.
Here's more from Bloomberg:
“This was a pure subsidy,” said Robert A. Eisenbeis, former head of research at the Federal Reserve Bank of Atlanta and now chief monetary economist at Sarasota, Florida-based Cumberland Advisors Inc. “The Fed hasn’t been forthcoming with disclosures overall. Why should this be any different?”
Congress didn't even know about this $80 billion dollar bailout of the banksters:
Congress overlooked ST OMO when lawmakers required the central bank to publish its emergency lending data last year under the Dodd-Frank law. “I wasn’t aware of this program until now,” said U.S. Representative Barney Frank, the Massachusetts Democrat who chaired the House Financial Services Committee in 2008 and co- authored the legislation overhauling financial regulation.
http://www.economicpolicyjournal.com/...
Wow, Barney Frank: 'I don't recall, I don't remember, I didn't know about this.' Well, why didn't you is the question? And the bigger question, is why isn't every single Democrat is not demanding that AG Holder is continuing to sit on his hands, to allow the Statue of Limitations to run out on Goldman Sachs and their ilk, just in time for the 2012 elections?
Where is the major Petition Drive on any of the Democratic Sites in the blogs being held up, to demand that AG Holder, act upon the evidence presented by Senator Levin and his Senate Panel? Not to mention the Fake Pecora Commission of Phil Angelides of the FCIC Commission, who presented their own evidence of the full on corruption that has gripped both parties in our government, and is getting away with it.
http://fcic.law.stanford.edu/...
Hat tip, btw, to bobswerve great diary today.
http://www.dailykos.com/...
I suppose in the end, the saddest for thing for me to watch is how the Oligarchs are simply getting away with it all by playing us all against each other. It is disgusting now that the 'truth is slowly leaking out' by a very brave man Mark Pittman who actually ended up dying from a heart attack from exposing the truth for Bloomberg, is coming to light:
http://www.bloomberg.com/...
So here is the fucking truth: The Federal Reserve has no independence, whatsoever. They are the Central Bank and the Regulators of this nation, along with all the other Regulators that have refused to do their jobs, (Most of all, Treasury, Timothy Geithner) and our own Congress, the SEC, the NYSE, the OCC and others and have been fully complicit crony team of players, to support Wall Street and the Banks. That is what they do, and the bullshit Mandate of the Federal Reserve for 'Full Employment,' is the biggest lie of all.
Instead, what we have really become is a lawless nation all around, and when we as Democrats stand up for that, what does that mean?
It means we are no better than those that we are calling Rethugs. It actually promotes the same ideas, 'that our crooks are better than your crooks,' and it is bullshit, all the way around.
For a great article on this realistic debate, see this:
What's the hole that is swallowing up the economy? The failure to follow the rule of law.
The rule of law is what provides trust in our economy, which is essential for a stable economy.
The rule of law is the basis for our social contract. Indeed, it is the basis for our submission to the power of the state.
We are supposed to be a nation of laws, not of men. That's what humanity has fought for ever since we forced the king to sign the Magna Carta.
Indeed, lawlessness - the failure to enforce the rule of law - is dragging the world economy down into the abyss.
http://www.zerohedge.com/...
Now that the heat is on Goldman Sachs and others of their ilk, is not ok with me to see yet another asshole like, Judd Gregg, being dug out of his grave, another filthy government 'tit' guys stepping up to the plate to cover their asses. No, is ok with me to see Rep. Barney Frank (A Democrat) actually telling us 'he didn't know anything about what the Federal Reserve was doing when they gave out a secret fund for $80 Billion bucks, when millions of Americans have lost their homes, being illegally foreclosed upon, lost all the equity in the bullshit 'bubble economy,' their jobs, their savings, their retirement accountants and with no recovery on the way by either party, to call it all:
Being pragmatic.
That is bullshit, and total bullshit.
We have indeed become a 'lawless nation,' and until we face that same central fact in our nation, and in both parties, guess what?
You are going to get more of the same. That is why the Cat Food Commission and the Gang of Six went down in flames. Got it Yet?
There is an old Italian saying, that I loved from the old great movie, Moon Stuck, Olympia Dukakis (as her mother) said it to Cher in that movie:
She said: 'You don't shit where you eat,' and if you cannot see how both parties are doing that to all of us right now, than I feel sorry for you, I really do.
It is not ok, to allow the Rethugs to do the same things as our own party is doing.
Ever.
Thanks for letting me share.
Ms. B.