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"This Call Is Being Recorded For Quality Service"
You would think that, having run an investment firm of his own, the likes of Steve Rattner would realize that many hedge funds, particularly trader-centric firms (and which aren't?) record their calls. Apparently, that detail escaped him during the Chrysler bankruptcy fiasco.
Zero Hedge has been told that at least one of the firms that were purportedly threatened with dire action by the likes of the IRS, SEC or White House Press Office (Rattner obviously confused the placid Robert Gibbs with Helen Thomas here) if they did not support the administration-backed spoonfeeding of the UAW, has the threats on tape. Oops.
We didn't buy that Rattner resignation story in the first place, but how sad a state of affairs would it be if an Obama Czar used as the "cover story" for a resignation, allegations of fraud at their private equity fund because the truth was much worse?
If the story is true, it is a very disturbing revelation. The White House's indignant denials would be total fabrications and it would be interesting to comb through Chrysler bankruptcy testimony to see if anyone perjured themselves. Lying to a bankruptcy court is serious business. Or used to be. But this is one story where the "lie," to paraphrase Nixon, isn't what gets you. Or shouldn't be. Far more important is what this would mean for the rule of law (or lack thereof) in the United States.
What good is stamping out crony capitalism exactly if it is replaced with plain old cronyism bolted on to simple thuggery?
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Bwaaaahahahahahahaha
Excellent work Marla
If thats true, that would effectively put an end to this administration. I doubt it ever gets out.
Why does this not surprise me?
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Rattner = CFR .. will be protected at any cost.
Agreed.
Reminds me of this:
http://www.rollingstone.com/nationalaffairs/index.php/2009/07/22/cbo-chi...
Rumors mean little. If you have the tape .. post it.
Yes, this thread is worthless without audio!
As to the BS that blogs like Zero Intelligence spread, it is all based on linked and referenced facts (yes, that's what those graphs and hyperlinks in the posts are for, click them, you may be surprised what you find).
Agreed......
This tape is still being surpressed by the MSM, no? http://www.latimes.com/news/nationworld/nation/la-na-video29-2008oct29,0...
Definitely whoever has this tape needs to go public with it. They need to make a show of it, and with a lawsuit filed asap.
Yikes.
thuggery and cronyism, yes... and Thank you and TD very much in trying to voice something against it.... it is people like you that make the world a better place, not those idiots who are just out for their own evil self gratifications.
i wanna hear the tape....post the tape!
i expected nothing less from barry soetero's white house - bordello for the illuminist nwo.....pimp-master jay rockefeller manning the reception desk.
illuminati = naughty illuminist :-)
It's shocking that we haven't picketed DC. Do these people deserve the honor of directing 40%+ of our paychecks? Throw them all out and let's start over with a focus on leaders with a high quality of thought not speachifying.
We are. Sept 12th, 2009 Washington, DC
absolutely!!! i will never vote republican again
and will certainly not start voting democrap.....
I will never vote again. Instead, I will spend time in zen meditation and smoking unfiltered palmal.
I'm of the thought that if you organize and protest, you're expressing your right to voice grievances against your government. It makes you feel better, and you'll get the chance to associate with other people who share your views.
But I don't believe protesting changes anything. We jammed our congresscritters with unrelenting opposition (300:1 against) to TARP, but they went ahead and did what a few unelected people told them to do anyway.
If we no longer function as a representative democracy, you need to need to change tactics. If government isn't accountable to its people, then we need to use child psychology on them to get what we want.
Right now, I'd rather they accellerate their spending on everything, accellerate borrowing, cut taxes everywhere, hire lots more workers, and bail out more businesses. Let's explore the nether reaches of all the things government can do for everyone everywhere, and let's do it all right now.
The sooner this thing blows up, the higher the likelihood we'll rediscover a sustainable way of life.
Agreed. Im in that same camp. Im happy to see what Obama is doing, it just brings the big RESET sooner rather than later.
I second that. Instead of starving the beast, let them self destruct.
don't underestimate the lawful channels which
as you report it almost succeeded....remember
that goldman-sachs-congress voted down the funds
the first time and only when the fbi files and
reminders
of the clinton body count were rolled out did
the house roll over and spread its legs....
if more people had been engaged in harassing the
house and senate we might have seen a victory
against the raping of america.....
If you remember "The Monkey Wrench Gang" and Edward Abbey, you'll recall that Abbey had an epiphany after years of fighting the system through legal and illegal means for the ecological causes he believed in. He bought a giant 1950-something Cadillac convertible with the giant fins and enormous fuel appetite and drove it around everywhere just for fun, burning as much fuel as he could as fast as he could.
Same principle applies here. I write my Democratic government folk begging for every change and handout imaginable, demanding they not cave-in to special interests. Then I write my Republican government folk and scream about taxes, market regulation, taxes, senior issues, taxes, preservation and expansion of Medicare and Social Security, taxes, and any other thing, including how high my taxes are, and how the military is grossly underfunded, threatening my family's safety.
This is like turning on the humidifier and dehumidifier in the same room and letting them battle it out.
I think Ayn Rand had at least this concept correct. If enough of the productive were to go on strike, the pace of collapse would accelerate dramatically.
If money / tax is the life blood of the beast, find any way possible to legally starve the beast.
Buy an M4, while you still can. When the shit hits, it'll be like Katrina on a national scale. But don't worry- FEMA's coming!
Yes, they really are coming...
http://www.fema.gov/media/fact_sheets/nle09.shtm
National Level Exercise 2009 (NLE 09) is scheduled for July 27 through July 31, 2009. NLE 09 will be the first major exercise conducted by the United States government that will focus exclusively on terrorism prevention and protection, as opposed to incident response and recovery.
NLE 09 is designated as a Tier I National Level Exercise. Tier I exercises (formerly known as the Top Officials exercise series or TOPOFF) are conducted annually in accordance with the National Exercise Program (NEP), which serves as the nation's overarching exercise program for planning, organizing, conducting and evaluating national level exercises. The NEP was established to provide the U.S. government, at all levels, exercise opportunities to prepare for catastrophic crises ranging from terrorism to natural disasters.
NLE 09 is a White House directed, Congressionally- mandated exercise that includes the participation of all appropriate federal department and agency senior officials, their deputies, staff and key operational elements. In addition, broad regional participation of state, tribal, local, and private sector is anticipated. This year the United States welcomes the participation of Australia, Canada, Mexico and the United Kingdom in NLE 09.
The way to protest is to not participate in their Ponzi markets. Personally, I have a very little interest in the markets. I trade options, but the vast majority of my investable net worth is in the metals.
Having metals also decreases the avaiable reserves of the bank that would have otherwise lent it out at a 10X multiple (the ones that are still lending).
Protesting is only for countries that dont have American Idol.
CNBC is running a 2 Hour Prime Time Special tongiht called Dow 9000: The Summer Rally....
you can't make this stuff up....
Yeah, like don't forget MSFT, AMZN, AXP earnings in that report too eh CNBC!
I would prefer the 17% top line miss by GE.
oh wait, they own cnbc.....never mind.
Even "thuggery" is OK when your actions are in the best interest of systemic collapse prevention. Hank set the bar and Rattner raised it...if only we could hear his sweet, sweet, sweet diatribe in a wmv. format. PLEASSSSSSSEEEEE!
1. FOIA
1A. look for real proof of Obama transparency theme.
2. Listen
3. Laugh
msft yhoo deal going round again?
I just wanna hear Rattner say, "I haven't been f*cked like this since gradeschool."
Sorry to use your words Marla.
If there's a tape I hope it was recorded lawfully. Many states prohibit taping conversations without prior notification, hence the ubiquitous disclaimer on the reception recording. My state allows it without prior notification if you're a party to the conversation.
This could be good!!
Recording for compliance is pretty clearly excepted from such laws.
excempted.
i miss the captcha =(
To leave out; exclude: An admission fee is charged, but children are excepted.
v. ex-cempt-ed, ex-cempt-ing, ex-cempts
W.T.F
Not really a word; no meaning: sometimes used in the place of a real word when said real word is misunderstood or ability to spell is impaired
Pwnt or Pwnd -adjective
LOLZzzzz I almost died
From what I have read, federal law allows single party consent to taping a phone call. State issues are more complicated and whether it can be used in a court is more complicated. Still, interstate phone taping seems safe, to me.
yeah but if you can get it posted to here, blogger, seeking alpha, that green place, cluster foo, and whatever else simultaneously, the evidence would be out there, pandering court system notwithstanding.
Who cares if it's lawful. The message I've gotten loud and clear from this administration and the last one is that we don't need no stinkin badges. The law? That's so yesterday.
Badges are stupid. And racist. The President told me so on TV. In Primetime, while the good stuff is on so I wouldn't miss it.
Or it could be a forgery. (in the way the bearer bonds in italy were a forgery)
speaking of, is anyone keeping tabs on that or has it been pretty much resolved? Any blogs keeping up on it anyone knows of?
i believe it has been pretty much buried by the cia....
huge amounts of cash have been sent by treasury
to certain usa
embassies, israeli banks, caymen islands, switzerland,
et. al. all connected to the bernie
madoff scheme....the large amounts of cash included
bearer bonds of which i believe the ones of
italian extraction were a part.....the huge
money shipments overseas are in anticipation of a
bank holiday.....embassies have been instructed
to buy local currencies.....i don't believe that the
wealthy folks were swindled....they were sending
money to safe havens in order to weather the
coming tsunami.....
heard the same rumors, never saw one bit of substantiating evidence tho?
it's never about a smoking gun or a bit of
substantiating evidence....no one is ever going
to hand you on a silver platter the information
you want especially as it relates to the exercise
of power...waiting for it is delusional..it's about credibility and making
sense of the facts.....imperial power politics is
not played or understood by waiting for the
bleach blonde to come
on at 5 with a gleam in her eye telling you who
is conspiring against whom.....i have sources
whom i trust
and fit their reports with other facts i know to
draw reasonable conclusions.....the majority of
posts here express a huge sense of conflict between
what they see and what they believe they should see.
much of the confusion is expecting instant cause
and effect which is wholly nonesense....
i think it is reasonable to assume that by all
reasonable and pre-2008 accounting standards that
our banks are insolvent and must be closed to
clean up the mess and dispose of the junk....there
is no rational reason why madoff's trial was behind
closed doors and why no conspiracy charges were
filed against him except his work was highly sensitive and related to national security.....any explanation
which dismisses
both of these facts as benign is stupidity.
Enacted in 1966, the Freedom of Information Act — or FOIA — gives any citizen the right to request access to federal agency records or information.
It's what I used when I took on the IRS for disallowing my status as a tax-exempt church.
There are a host of exceptions, including, as it happens, disclosures that would interfere with investigative procedures. I suspect we'd get dinged there depending on where the tape ended up (if it exists and if it ended up anywhere at all besides the burn bag). Still, we are looking into things like this.
So, who at this point is saying that this tape actually exists? How hopeful are you that anyone will ever hear it?
Now now, you know I can't talk about that. We'll see where it all goes.
If a tape did exist then you know there was a copy, perhaps more than one. The evidence never really goes away it just gets tucked into a vault somewhere as security.
the torrent vault would be best
(1)the easiest way to get it is to pay for it... You would put the site on the map (moreso than the CNBC dolts doing free PR). I suspect it will go to the highest bidder... which may or may not be a person/entity who cares to put it on public display.
(2)if a private firm has it, how do you plan to subject them to an FOIA request?
(3) maybe some type of taxpayer suit?
(4) some roundabout qui tam action? (might even get a payday out of the deal). Something against UAW?
"the easiest way to get it is to pay for it... You would put the site on the map..."
More like putting themselves or the site in the middle of a bullseye. If a tape does exist, whoever has it or gets it will want to start sleeping with one eye open.
I can say that without a doubt if the administration came in and made me eat millions of turds and I had a recording of them forcing the turds down my throat... that recording would for damn sure surface.
Where is the incentive to keep it silent? You screw me, I'll screw you.
"Where is the incentive to keep it silent?"
The incentive is that the United States Executive Branch might get a little pissed off.
When a rape is occurring, the perpetrator usually threatens the victim to "keep quite or I'll cut your throat." Or some variation on that theme.
again, what leverage remains after it's publicly disseminated? You put yourself on the map for leaking it and everyone gets to see what's going on... to say that such a recording would be a "viral" display is an understatement... it would be on every similar blog... torrent... whatever news agencies you could get to play it... and an incredibly array of websites... hell, I bet fox news would give you a 24 hour segment to display it. It's kind of like in the movie snatch, when bullettooth tony says "on the side of your gun, it says replica." No leverage... just a race to get it to market first.
the issue is whether or not the current possessor of the tape, if any, has the balls to sell it... and, the other issue is that so long as you know about the details of the tape, you're at substantial risk of harm... but so long as the tape remains out of the government's hands, you're going to stay alive. Keep it, make shit tons of copies, and start spraying it like agent orange. Then they would have to kill you after the fact out of spite with the public light on, rather than a conscious desire to keep the tape from dissemination... much better odds.
given that the basic prisoner's dilemma would probably require you to disseminate it to the public... and there are ready, able, and willing buyers... it probably doesn't exist anyway.
I love math captcha. When your IP has been banned your good math will never equate! LoL. Try it sometime, OK? Thx. OhMy.
Uhh, I'd have to get banned to see if you're telling the truth and that would sort of defeat the purpose. I'll take your word for it.
If there is a tape, it needs to see the light of day. Period, full-stop. I cannot think of a plausibly-extant piece of evidence that would have more impact than this.
Rattner was appointed over the objections of people who knew him, people who happen to be to the left of Obama. His Quadrangle fund has a financial relationship with the 3 headed dog, and that by itself should have disqualified him.
Saying all that, lets hear the tape. Or tell us what fund is claiming to have it. (Most of the complaints about threats were from Perella Weinberg's lawyer at that time Tom Lauria. But I think Marla is just recycling something that she was writing about in early May. It's something that apparently she received by email. But the audio tape story is brand new. Same source?)
Now now, give her more credit than that. If you'd like people to leak shit to you, you can start a CNBC targeted financial insider themed blog. maybe you could go with the Transformers theme instead of the Fight Club schtick. I'll bet it would go over every bit as well, and you'd finally get all the credit your obviously superior intellect deserves.
Just picture it... they could be calling you Optimus, and you could do phone interviews through those helmets they sell at Toys R Us that make your voice sound like a robot.
The threat rumors, a primer...
1. Tom Lauria complained about a threat while representing Perella Weinberg. The threat consisted of using the force of the White House press corps against the dissenters. At face value that was a ridiculous threat. Perella Weinberg never said anything about it, then went along with the bankruptcy plan and got rid of Lauria.
2. In early May, "Marla" reported elsewhere (not Zero Hedge) that there were threats made more serious than the above, and went something like this:
"Who the fuck do you think you're dealing with? We'll have the IRS audit your fund. Every one of your employees. Your investors. Then we will have the Securities and Exchange Commission rip through your books looking for anything and everything and nothing we find to destroy you with."
The source is apparently an email that she received from "a source I consider impeccable, and unimpeachable."
3. And now "Marla's" story evolves to there's an audio tape of something like this getting recorded, not by the government, but by some Chrysler creditor fund.
So it's really up to that source to come public and present the evidence. I'm sure "Marla" doesn't have it.
(Drumroll ...)
Okay ... where is it? Where is this recording?
(sorry, just another internet rumor ...)
April 29, 2009 e-mail from Matthew Feldman, head lawyer for Treasury hired for the "Auto Task Force" to Robert Manzo of Capstone Advisory Group, a top advisor to Chrysler, sent just hours before Lord Obama bequethed to the masses that he was pushing them into bankruptcy:
"It's over. The president doesn't negotiate second rounds."
That's just an excerpt, the 4-5 e-mail thread in all its compensated psychopath glory was posted then by The Wall Street Journal. That these people believe they are above the law is just about beyond question. Their over-inflated ego's are beyond reproach, the dark side of charisma indeed. We handled booting Nixon's sorry ass for similar reasons, God willing we'll survive the temporary social carnage of booting these clowns soon enough too. We're due for a more transparent (dare I say noble) social order. It's on the way:
www.faustomics.com
It's not a "parade" and it's not only about "freedom of speech". For more than a year I've had 4 blogs/websites live, none with my name. For me it's about self-protection (for my family of five, seven including dogs, arf). Also, love it when people who give money "anonymously", preferring instead to pass on the shallow ego boost. No issue with them right? Nor is their one with giving thoughts anomously (and for the record I'm agnostic on the "flag as junk" option).
If this tape exists - and Lord, I hope it does, it'll be one hell of a bombshell. Want to see the press corp finally stop fawning over the Obamasiah and start digging through the dirt? This should get that steamroller 'a diggin...
We need all US citizens that want a free stock market and sunshine on the banksters, and Federal Reserve to form a unified front. United we stand and divided we fall. Zero Hedge, the ticker and all the other sites which are like minded need to band together. If we could get everyone together the politicians will have to listen. They seem to respond if they get pinged enough. My concern is that the lack of a central point for sending emails to congress is hurting our cause.
Thanks for the information
Good luck and good trading
Dave
The tape, please. Let's make that the latest Youtube most watched (heard) video.