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    Obama SEC Appoints Fox To Guard Chicken Coop: Average American To Get Screwed Like Always

    I just saw a AP news item here on TPM announcing with the following headline:  "Goldman Exec Named First COO of SEC Enforcement."  You can find the article here: 

     http://www.talkingpointsmemo.com/news/2009/10/goldman_exec_named_first_coo_of_sec_enforcement.php?ref=fpa

    For those of you who didn't realize how rotten the appointments of Summers and Geithner by Obama to the Obama administration were, I would think this ought to finally open your eyes.  Of course this was not a direct Presidential appointment so the Obama apologists will say since he didn't personally make the appointment, blah, blah, blah...  No President who would allow these thieves to be in charge and allow this sort of thing to come to pass after they and their buddies wrecked the economy, can claim to be a friend of the common citizen.  No friggin way!

    This was a very important and politically sensitive appointment.  Due to the corrupt nature of the appointment it is no surprise the announcement is made on a Friday aftternoon.

    Goldman Sachs is the most corrupt, monopolistic big investment bank on Wall Street.  Goldman Sachs, along with it's former Chairman engineered the first heist of taxpayer money to cover the bad debts of the crooks on Wall Street.  Goldman Sachs' butt boys Summers and Geithner have been managing the remainder of the heist.  The last person who should be heading up an office like this is someone who works for Goldman Sachs.  It could not be more obvious that the Obama administration is not serious about enforcement or curbing the criminal fraud that brought this nation to it's knees when they appoint a Goldman Sachs executive to this key position.  The conflicts among people like Summers and Geithner, et al are extraordinarily glaring and this new appointee is no different.  But in some respects this is even worse given the central importance this position will have in preventing the sort of criminal irresponsibility Wall Street is so famous for.  I wonder how big this fella's bonus was last year and how big it was this year?

    By far, President Obama's worst moves have been the appointment of Summers and Geithner and their "work" since January to service the criminals who brought about our economic collapse and rig the game once more for the despicable leaders of Wall Street are enough to turn the stomach of any decent, law abiding, tax paying citizen.  There ought to be a revolt over this transparent move to protect the interests of Wall Street while claiming to reign in abuses.  It's sickening.  But as we already knew, this crowd of crooked bankers has no shame. 

    It is at times when I hear of stunts like this that I pray to God that hell is real and painful because I know that these guys are going there.  It's too bad our President isn't protecting the interests of the people on such matters.  It is going to haunt the nation for years to come as a result of the predictable negligence and insider's influence that will no doubt characterize the performance of this office's responsibilities in the coming months and years.  It will also haunt whatever legacy the President hopes to leave.

    Comments

    And this on the full-of-holes-big-enough-to-drive-a-Hummer (pun intended)-through Derivatives Reform bill...Maria Cantwell did a presser about it. It is simply a crying shame. But hey! The DOW hit 10,000 yesterday! We're FREE!!!!!!!!!!
    http://www.newsweek.com/id/217999


    I forgot the Cantwell link:

    http://www.huffingtonpost.com/2009/10/16/sen-maria-cantwell-savage_n_323868.html

    And MSM is beating the drums about the DEFICIT being anathema to recovery. That also means that they are circling the wagons to prevent a true jobs stimulus package, yes? Boogers and farts.


    Yes


    Crony capitalism you know. I imagine Geithner asked for the guy. Change we can believe it - the corporate takeover of the United States continues apace.

    X**~`^v
    (splat of dishrag hitting the wall - thrown in disgust)


    OMG !!!

    He is only 29 years old.

    This hire is bizarre and should be investigated itself.

    I used to work for the SEC. If there was any positive morale left, it just got zapped.



    All of political Washington just keeps digging deeper and deeper the hole we are in.

    The insanity is overwhelming. The assurance of a devastating future calamity of epic proportion is a forgone conclusion. I can't bear to watch. I'm only sixty but maybe I'll get lucky with an early onset of alzheimers or dementia and be spared. Or maybe the healthcare insurers will get their backdoor death panels up and running. Where the hell did I put my prozac.


    Oh, honey, don't say that; we will need you.


    Par for the course with this administration imo. Very sad.


    Smell the glove, America.

    Hey, but at least TPM is covering the really important stuff, like American Police Force, the Teabaggers and Oily Titz. And the MSM has our backs with wall-to-wall coverage of that essential helium-filled spaceship story.

    This country is doomed.


    Lets see now;

    Bush appoints Repug Congressman Christopher Cox to head the SEC and Wall Street dances in the street.

    Obama appoints this Goldman Sachs guy to SEC enforcement...."change" heh.

    Years ago it was said that the Japanese were going to own us, then the Chinese replaced the Japanese as our prospective owners.

    Who would have ever believed that it would be Goldman Sachs would actually take ownership.

    "Change" yeah, everything changes but nothing ever changes.


    A link to bring comfort to your unemployed family, friends and neighbors:

    http://www.nytimes.com/2009/10/17/business/economy/17wall.html?_r=1&hp=&adxnnl=1&adxnnlx=1255791739-delrnz4K/mzINW7frXv2zA

    Somebody, try again to explain the differences between Plutocrat Party A and Plutocrat Party B.


    And Tom DeLay dancing. I confess I emailed him and begged-with-all-due-respect not to become Huffington Post.


    PR. The paychecks come from the same pay masters.


    They should all quit dancing without Delay.

    Dancing with the Stars is a perfect metaphor for present-day America - the Elite having an opulent gala on the deck of the Titanic, while below deck the lower classes are drowning.


    Maybe. But I'm thinking it may take more than a war of words before this shit gets straightened around. Been there done that and don't want to do it again. Vietnam was enough for one lifetime. Not to mention nobody listens to old people who don't have a pot to piss in. I've been thinking about this and there is a limit to how many people can be living off an economy without actually contributing to the productivity of any real goods or adding real value to services.

    Wall Street is a ponzi scheme where they make money from money in a shell game but don't make one damn thing of useful value. Washington is thinking they can base an economy on that model but you can't eat money or drive to work in it or live in it. In the end it becomes intrinsically valueless. Wall Street likes this model because there is no hassle with procuring raw materials and having a labor force and because it's easy. The control is highly centralized and not subject to external sources of contribution.

    We have to figure out we must return to a manufacturing base if we are going to sustain this economy. And that means essential services like healthcare, energy, transportation and communication absolutely must be cost competitive with our global neighbors. And that means investing heavily in our public infrastructure which was built during the post depression era. And that means spending money, sacrificing some profits and changing the scheme of taxation for at least a couple of decades. None of this will happen though. Congress is too dumb to see the forest for the trees. They have no plan and no clue.


    And will require true reform for health care in order to increase the pricing competition for American-made goods, lessening the attraction of shipping manufacturing off-shore.
    We do still manufacture defense/war armaments in all 50 states (Jarecki's Why We Fight documentary.)
    I'm tired, too, I admit; some days words and emails and faxes are all I have left.
    Not much of that fictitious money created on Wall Street seems to go into the Tax coffers, either, and with the increased socialization of the risk being shunted directly to the taxpayers, we are really and truly screwed.
    One of my nightmarish worries is that when and if the dam breaks, will this country elect Liz Cheney President?


    Exactly right. Your solution is correct, but Congress is corrupt and broken. Only some sort of mass strike ferment will scare them into doing the right thing. Up till now people have been happy to tune out, busying themselves with their favorite opiates. The question is - will this all-too-obvious looting of the country's wealth by the oligarchy finally open the eyes of the soma-tose masses to the virtual anal raping we are enduring on a daily basis? Its hard to believe it won't, but I have been disapointed time and again. The American people seem to have an undiminished ability to be diverted away from fighting for their own self interest, into dead ends like teabagging, birtherism, partisan bickering in which both sides are fighting silly, wrong-headed battles over less important issues. The death of the the Monetarist world system is ongoing and will result in a civilization-wide collapse without a complete bankruptcy reorganization of the monetary system. Forget all the other petty (in comparison) issues for now. Failure to defeat the economic royalists now - now, not in a year or a decade, will mean a new dak age for the human race.


    Pro-choice, anti-choice plutocrats, plus some social issues I like well. But where there ARE not-soldout Congresspeople, the good ones are Dems. Bernie Sanders has a rip-snorter video up:

    http://www.sanders.senate.gov/newsroom/media/view/?id=c4828fdd-7ff0-4f7c-b371-b14115d3ae0a

    (Wall Street and the down and out)


    Yes, but Bernie isn't a Dem. Maybe we should join him!


    What choice do we have if we aren't in favor of the current rigged table? I'd be for a Sanders/Grayson ticket in 2012.


    Beautiful! Bernie gets it. However he is 1 of 50 and in a unique position. The "centrist" traitors like Reid, Dodd, Pelosi, Frank, et. al. are firmly in the trall of the financial oligarchy. Nero Obama fiddles and basks in adulation while the country burns down to its foundation. Only by becoming the party of FDR once more can the Dems hope to rescue the republic from economic death at the hands of the corporatists.


    Remember when Ed Asner was trying to rustle up a Socialist Democratic party, and got Hollywood black-balled for his efforts? I was ready to join. He was born in Sept. 41; would make him ? 70 in 2012? That's still within the age requirements, isn't it?
    Sanders/Elizabeth Warren.


    I like that ticket! Grayson was on Bill Mahr last night. Good guy. We can't wait till 2012, however. Can't wait for 2010 for that matter.


    Here's another interesting little tidbit for those who can't quite bring themselves to admit that Summers is a dangerous, irresponsible and criminally negligent money man:

    http://blogs.reuters.com/felix-salmon/2009/07/23/annals-of-rank-hubris-larry-summers-edition/

    It is short and really worth reading.

    When you consider his track record and all the bad things that have resulted from his bad decisions don't you have to wonder why on earth Obama (who is supposedly a good man) would saddle the country with this asshole and risk the future of the nation not to mention the future of all the children of all the common people?


    I don't know if Obama is "good" or not. I can't see into his heart. Of course I voted for him - what choice was there? The hope was that he would use his mandate to reinstate the necessary FDR reforms into our govt's regulatory structure. The Summers appointment, among others, dashed that hope. The Goldman takeover of economic policy making in the US shows that Obama is either hopelessly ignorant on economic matters or a willing dupe to these predators. Either way, evil is the result of his admin's policies. Get over the fact that he is "Not Bush", that its nice to have a Prez who can speak in whole sentences, can say all the right things in nice speeches. Actions and policy are the real reality. He must be opposed on substantive grounds by progressives or all the well meaning words don't mean shit. We have to force out the Wall Street crowd and compel Obama to be FDR or the country is toast.


    One of the biggest weapons wielded by our corrupt, plutocratic financial industry is the very complicated nature of the mess they've made. It's sold this way: You can't understand how tangled the structure has become since regulations were removed. We're the only ones who can undo this Gordian Knot, because we the ones who tied it up in the first place. Not only are the players too big to fail, they're too enmeshed in the system to ignore. Using this front-loaded extortion, they are re-establishing the very nonregulation that precipitated our current catastrophe. We, the people, have been shoved aside, relegated to be mute witnesses to this ugly process. Our democracy is active only at the tip of the economic pyramid, among wealthy sectors and their paid political stooges. Our only role will be to be drained of everything we have, to be looted. This is the biggest, most expensive street mugging ever pulled.


    That's good.


    First we have to shoot all the muggers. Then take all their stuff and make it over in a civil way.

    And quit hiring muggers.


    I don't think you could compel him to be something he doesn't believe in. He uses Reagan as an example far more often than he does FDR. I honestly do not think he has any idea how bad things are out here for us little people and I'm not sure he cares all that much. His economic policies don't demonstrate that he gets it and his talk of deficit reduction in the face of a "jobless recovery" demonstrates he doesn't.


    "mute witnesses" and slaves


    I don't think he has any interest in getting it. I think he figures he's got a future like Bill Clinton's touring the world making mega millions off speeches and picking up honorary degrees and awards.


    The appointment of a Goldman Sachs exec to "supervise the SEC's Office of Market Intelligence, with an eye to improving the monitoring, collection and analysis of the hundreds of thousands of tips and complaints the agency receives annually" is shocking and I don't shock easily anymore.

    Thank you for expressing what I should have taken the time to say myself.


    I think you have a good point few have the stomach to mention which is that he's just taking care of himself and ensuring the good life after the White House. I want to think he's better than that, but it's hard not to come to that conclusion given the ineffective response he is making to our new depression and his total lack of effort in doing anything to prevent it happening again in a few years.


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