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GOP Leader Calls Goldman "Obama's Top Wall Street Ally" Asks "Just Whose Side Is President Obama On?"
Boehner Statement on SEC Charges Against Goldman Sachs, President Obama’s Top Wall Street Ally
GOP Leader: “Despite President Obama’s rhetoric, his permanent bailout bill gives Goldman Sachs and other big Wall Street banks a permanent, taxpayer-funded safety net by designating them ‘too big to fail.’
Washington, Apr 16 -
House Republican Leader John Boehner (R-OH) issued the following statement after the U.S. Securities & Exchanges Commission (SEC) announced it was charging Wall Street giant Goldman Sachs – which has been supportive of President Obama’s bill to create a permanent bailout fund – with defrauding investors:
“These are very serious charges against a key supporter of President Obama’s bill to create a permanent Wall Street bailout fund. Despite President Obama’s rhetoric, his permanent bailout bill gives Goldman Sachs and other big Wall Street banks a permanent, taxpayer-funded safety net by designating them ‘too big to fail.’ Just whose side is President Obama on?
“Instead of permanent bailouts for President Obama’s Wall Street allies, Republicans believe the best way to protect taxpayers is by reforming Fannie Mae and Freddie Mac, the government-sponsored companies that sparked the meltdown by giving high-risk loans to people who couldn’t afford it.”
NOTE: Goldman Sachs was President Obama’s top Wall Street contributor during the 2008 election cycle, donating nearly $1 million to his campaign.
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Of course it will give lots of fuel to the Punch and Judy show in Washington, but both sides are sponsored and bank rolled by the banks, the Treasury and those behind the Fed, so this is all lip service to prop up their little 'divid and conquer' sham.
We need an independent outside party to sweep away the two 'cola' parties, and give America a really great fresh new start, and change we really can believe in.
Ron Paul may or may not be that man, but someone with his clarity of how the economy is works is going to be key. I'd vote for Tyler, Reggie or Simon Johnson before any of the Rep/Dem Incs scamsters.
Whatever, Mr. Boner.
An equally prescient question is whose side are YOU on?
That's like the senator calling the president black.
I am Chumbawamba.
+1 to the nth chumbawamba
*sniff* This is the happiest day of my life!
Let's let the bankers, repubs, and demoncrats fight it out in a basement, with a bunch of loaded guns, like in Inglorious Bastards.
Just as long as we can block the door permanently.
John Boner, I find you to be a hypocrite of the highest order. STFU, you rat bastard!
Washington + Wall Street = Incestuous Cesspool of Thieves
Look, I have precisely no love for Boehner (though I admit to loathing Pelosi) - but what, precisely, has he said here that's not factual?
Not for nothing, but the Fed.Gov's timing of this (isn't this an option expiration day?), that it was a civil and not criminal charge, and the target (going after the most hated banksters) all smacks of cheap political soylent green for the unwashed, no?
If we start seeing suits marched out of 200 West in leg-irons, I'm all to happy to change my opinion. Until then, this is all about politics, so we can expect the red team to play the game as well (and as poorly).
but what, precisely, has he said here that's not factual?
Ummm... that part about how Fannie and Freddie caused a worldwide credit crisis, like in Greece?
So they had nothing to do with it?
They certainly contributed, and are continuing to contribute, no?
This is about control. Did Goldman really think they were going to get out from under the Bamsta's thumb just because they gave him a mil? The master's of wall st. have been one-uped! Bet they never saw it coming...
Sure they saw it coming - they were tipped off a couple of days ago and probably made about 7-figures on Friday shorting their own stock.
You have the relationship exactly backward - as Goldman will show when they orchestrate a take-down of the market just in time to pad to the likely gains Team Red was already expected to make in the CONgressional circus this November.
Never forget who works for whom in this "free-market" "capitalist" system.
Spot on about this asshole who once passed out healthcare industry checks on the House floor. What a fucking hypocrite of the highest order.
Funny, nothing on this thread but vents against Bohner...I'm new on ZH, but I notice Obama is safe here.
No one is safe here, not even the space monkeys.
Nah Obama is relatively safe here. Criticism of Obama usually results in knee jerk criticism of a Republican.
This site is not of the blame Bush ilk but ther is alot of "Both parties are the same." As if there is not a STARK difference between Paul Ryan and Barney Frank. Or of Ron Paul and Chris Dodd.
must be a young crowd...
Ryan (my district) voted for TARP...I couldn't believe it. That still hurts.
You're talking about individuals, not parties. Ron Paul is the exception, not the rule. He is much more of a Libertarian than a Republican (he's a member of both parties, AFAIK).
There are plenty who defend Obama here, for some reason, but there are also more who criticize him.
If you don't see that both R & D parties essentially embrace the same types of pro-big-government, middle-class-milking policies, I would suggest putting down the bottomless cup of kool-aid.
> "You're talking about individuals, not parties."
Exactly. The problem is, while there may be many individual reps in BOTH parties who have good intentions, neither party QUA PARTY will ever go against the money stream.
BTW, where do you see anyone defending Obama here? The last time I saw someone even argue that we should still "give him a chance" was probably April or May 2009.
OMGBBQ!!! Who would have guessed that Obama is also a piece of shit corporate fascist puppet! He's done such a great job of hiding it this past year! And hey, while we're at it, let's spend some quality time venting about the Bush administration, too! Pssst.. Breaking News! There were no WMD!!!
on Fri, 04/16/2010 - 12:59
#304365
Funny, nothing on this thread but vents against Bohner...I'm new on ZH, but I notice Obama is safe here.
R Man J,
Look KoolAide, Anti-Abortion Bush Luvr... Obama is Black(ish) Bush... No worries, both lobby lap dogs... In fact.. stupid... what has Obama done differently than Bush? 3 major issues? abortion for idiots aside... has the WallStreet Robbery stoped? have the troops come home? are there more or less listening devices in your home than before that Pinko, Commie took office?
Read, read everything twice... research it on your own and then maybe after detoxing from the Fox News, Rush bullshit... or what the fuck ever you are wasting your time with... maybe, after reading and researching minus the propoganda wheel spinning in the back ground... you may be of some use to your fellow American's...
ZH LOVES Obama... yeah! thats the ticket... Bush part duex... he's our messiah here! Yeah!!!! I need a crash helmet for a special needs idiot here please... anyone want to donate one? an extra laying around from your last adoption?
No worries you sound more ignorant that stupid R Man J.
on Fri, 04/16/2010 - 12:59
#304365
Funny, nothing on this thread but vents against Bohner...I'm new on ZH, but I notice Obama is safe here.
R Man J,
Look KoolAide, Anti-Abortion Bush Luvr... Obama is Black(ish) Bush... No worries, both lobby lap dogs... In fact.. stupid... what has Obama done differently than Bush? 3 major issues? abortion for idiots aside... has the WallStreet Robbery stoped? have the troops come home? are there more or less listening devices in your home than before that Pinko, Commie took office?
Read, read everything twice... research it on your own and then maybe after detoxing from the Fox News, Rush bullshit... or what the fuck ever you are wasting your time with... maybe, after reading and researching minus the propoganda wheel spinning in the back ground... you may be of some use to your fellow American's...
ZH LOVES Obama... yeah! thats the ticket... Bush part duex... he's our messiah here! Yeah!!!! I need a crash helmet for a special needs idiot here please... anyone want to donate one? an extra laying around from your last adoption?
No worries you sound more ignorant that stupid R Man J.
Whose Treasury secretary worked for GS? Trick question; they all do.
Hypocrisy, thy name is politician.
http://www.opensecrets.org/politicians/summary.php?cid=N00003675
I, for one, will predict that Obama will coddle all his little boyfriends on Wall Street with this Bill.
He will give them TBTF status. Laws and market forces are for little people.
He's now a full member of "Them". Sure pays well as per his 1040.
Partisan rhetoric about financial reform is nothing more than a circle jerk among transvestites. Don't be fooled by the boobs!
I am still going to vote out all incumbents in November. F'em all!
John Boehner should be careful of throwing stones.
Of course I agree with what he says, but the problem is what is he going to do. I hope the public is tired of being pulled this way and then the other way just to find out that both sides are the same in terms of deciet and corruption. If we could trust the words they utter then this problem would have been solved a long time ago. Unfortunately the hypocriticians are like used car salesman, they will say anything to make the sale.
Wow, what an amazing coincidence that there are two John Boehners in congress; this guy who is obviously looking out for "main street," and then that other slimy two-faced Republican fuck from Ohio who was trying to fluff Jamie D for campaign loot last month.
Sounds like somebody didn't get thier cut of the Wall Street Lobby monies? aaaahhhhhhhhhh?! poor wittle, ittsy, bittsy Lobby Whore is making noise becuae he got shorted or left out...
I really feel bad for him, not getting his cut... I mean shit! it's not like Goldman uses profits to Lobby with... its free money and they still stiffed him..
Banking Dollars to the Lobby…
714 client(s) lobbied for specific issues containing the word 'bank' (See all)
Here's the Top 50 (by number of bank mentions)
· American Bankers Assn
· Federal Home Loan Bank
· National Assn of Realtors
· Credit Union National Assn
· Process Handler Et Al for Hire
· Brassell, Robert J Jr
· Estate of Robert James Brassell
· Bank of America
· Goldman Sachs
· JPMorgan Chase & Co
· National Assn of Federal Credit Unions
· Securities Industry & Financial Mkt Assn
· Self Help Credit Union
· Independent Community Bankers of America
· Loews Corp
· Morgan Stanley
· Mortgage Bankers Assn
· Estate of Delois Albert Brassell
· HSBC Holdings
· Citigroup Inc
· US Chamber of Commerce
· Delta Airlines
· UBS AG
· United Services Automobile Assn Group
· ACA International
· Consumers Union of the US
· Council of Federal Home Loan Banks
· Credit Suisse Group
· National Assn of Bankruptcy Trustees
· Delphi Corp
· National Assn of Home Builders
· Financial Services Roundtable
· International Council of Shopping Cntrs
· Advanta Corp
· Deere & Co
· National Cooperative Bank
· US Public Interest Research Group
· American Council of Life Insurers
· American Veterinary Medical Assn
· Clearing House Payments Co
· GMAC LLC
· Principal Financial Group
· American Insurance Assn
· Cerberus Capital Management
· Coalition for Employment Through Exports
· Zions Bancorp
· Ameriprise Financial
· General Motors
· Air Line Pilots Assn
· Arab Bank
Really? The Banks are using profits to pay for their Lobby? not the 0% Fed Window?
http://www.wired.com/threatlevel/2009/08/bank-lobbyists/
**** "In the first three months of 2009, the financial sector spent $104.7 million to lobby Congress and the administration, down 8% from the same period last year" ****
http://online.wsj.com/article/SB124640640747376775.html
So that I am clear... 2008 was a vintage year for Banks? they made soooooooooooooooooooooo much money on 2008 that in the first 3 months of 2009... they could drop $104.7 MILLION DOLLARS?
http://en.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008
“Instead of permanent bailouts for President Obama’s Wall Street allies, Republicans believe the best way to protect taxpayers is by reforming Fannie Mae and Freddie Mac, the government-sponsored companies that sparked the meltdown by giving high-risk loans to people who couldn’t afford it.”
How about if we reform the GOVERNMENT that sparked the meltdown by giving high-risk loans to people who couldn't afford it?
Becuase that is not what the Lobby wants to do... I mean thats not what the Lobby is paid to promote...
Bush, a right winger... started and Obama, a left winger continues... there is no, NO! difference between them... none.
Money win's... taxpayers pay for the lobby used against them... its a win, win for some and a lose, lose for the middle...
There is no koolaide.
Client Profile: Summary, 2007
Major Political Contributor
Year:
2009") 2008") 2007") 2006") 2005") 2004") 2003") 2002") 2001") 2000") 1999") 1998")
Issues Issue Specific Issues No. of Reports* Energy & Nuclear Power 11 12 Banking 10 11 Taxes 8 9 Finance 7 8 Trade 4 4 Retirement 3 3 Copyright, Patent & Trademark 3 3 Fed Budget & Appropriations 2 2 Insurance 2 2 Government Issues 2 2 Immigration 1 1 Transportation 1 1 Agriculture 1 1 Gaming, Gambling & Casinos 1 1 Environment & Superfund 1 1
Lobbying Goldman SachsClient Profile: Summary, 2008
Major Political Contributor
https://opensecrets.org/lobby/clientissues.php?year=2008&lname=Goldman+Sachs&id=
No one talks about the fact that bush,MCcain ,and mr hanky paulson bailed out goldman not obama !!!!!!!!!!!!! In mr hanky paulson`s book he say`s no tarp if not for johnMCcain !!!!!!!!!!!!!!!!!!!!!
There are no dem's or Rep's... just the lobby and the dollars used to steer the ship into running over the American Poor 1st, Middle 2nd and the last push into the credit line is the upper middle... where the noise is deafening...
The people, the educated people... with time, monies and thusly a voice are being herd.. (pun) The push now will be to segment the educated offensive into different camps... let them (them being, us) fight with ourselves over whatever will divide us the most.
Bush is Obama is Clinton was Bush and / or Reagan.
The day that Barney Frank is voted out is the day all Americans should run out in the street and celebrate. The guy is a two faced shill.
Only Ron Paul can save us all.
Boner is the biggest douchebag of them all.
Yeah, whose side is Obama on, creating a bail out fund similar to the FDIC where the capital is supplied by banks. What a terrible thing, you know, to finance your own insurance for when you fuck up, and tax payers dont have to shell out money.
The day Boner comes out in support of tighter regulation will be the day he doesn't go to the tanning booth.
For those with short memories who don't think there is a difference between parties let's review the tarp bailout. Quoting from Wiki:
"That same day, the legislation for the bailout was put before the United States House of Representatives and failed 205-228, with one not voting. Democrats voted 140 to 95 in favor of the legislation, while Republicans voted 133 to 65 against."
So, let's be clear on this bailout point. The party of Jefferson voted against any bailout, but the party of Hamilton loves big banks as the Federalists/democrats/statists/fascists always have. Unfortunately, those 65 Repubs need to be purged and replaced with true liberatarians which we'll do this Nov. Socialists love bankers since they facilicate funding their spending/debt. As Rand so profoundly understood, the struggle is always between the collective and the individual. Everything else is a distraction for the second raters/sheepy.