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Spitzer: If The Attorney General Does Not Sue Goldman Sachs, He Should Resign

Tyler Durden's picture




 

Now that Goldman is back in the spotlight following Carl Levin's concluding report, referring Goldman Sachs to the same law enforcement authorities that are overeager to get a job at none other than Goldman (the most recent example of which came yesterday when Bank of America which hired Gary Lynch, a former director of enforcement at the SEC, to head its legal, compliance, and regulatory relations efforts) for misleading investors and perjury, the wave of indignation at the glaringly obvious is once again back in vogue. To wit: on Friday's Andreson Cooper, Matt Taibbi and Eliot Spitzer presented their views on the fact that several years into the biggest ponzi collapse in Wall Street history, stabilized only by the Fed's pledging of trillions in taxpayer capital and the Treasury issuing like amount in debt to prevent the insolvency of Wall Street's corner offices, nobody has still gone to jail. It was actually an oddly open and forthright show. Some of the notable soundbites from the transcript: "Eliot, do you believe Goldman broke the law and lied? - Yes, I do. And I know people are going to say how can you say that as a lawyer? I have read this report. It confirms our worst fears about double dealing, lying. Goldman Sachs has zero, none, nada credibility in my book"....."Tim Geithner, treasury secretary, apparently reported in today's "New York Times" was calling people saying don't bring cases, it will unsettle the markets, so they let these guys go free. Meanwhile, he signed off on $12.9 billion to Goldman to cover a bad bet they made."....."Goldman Sachs was the number one private campaign contributor to Barack Obama's presidential election campaign. It's one of the single biggest campaign contributors to both parties in Congress"..."Anderson, before I sued, went after Merrill Lynch, which was the first case we filed many years back, I was told by their lawyer -- this is a direct quote -- "Be careful, we have powerful friends"...and the kicker: "Do you think the Justice Department will prosecute? Spitzer: If they don't, shame on them. If they don't, the Attorney General should resign if he can't bring this case." And when Holder resigns, he can go work as Goldman's newest General Counsel, the end. Hopefully, unlike last time people got angry, only to promptly lose interest in Wall Street's crimes, this time it actually leads to something.

Complete program transcript:

Anderson Cooper Transcript

h/t MM

 

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Sun, 04/17/2011 - 13:15 | 1177923 Dick Darlington
Dick Darlington's picture

Completely OT but for those interested in Finnish elections, now that the pre-votes have been counted, the anti-euro True Finns gained massively and were 3rd biggest party with 18.7% of the votes. If this will hold when all votes have been counted things will get very interesting...

 

Sun, 04/17/2011 - 13:39 | 1178015 DavidC
DavidC's picture

Thanks Dick, I was reading about the True Finns earlier and was/am interested in how the election might pan out.

DavidC

Sun, 04/17/2011 - 13:42 | 1178027 WestVillageIdiot
WestVillageIdiot's picture

Who would want to join the EU at this stage of the game?  That is like joining the Nazi Party in 1946.

Sun, 04/17/2011 - 14:19 | 1178173 chumbawamba
chumbawamba's picture

Or like buying US Treasuries/Selling Gold in 2011.

I am Chumbawamba.

Sun, 04/17/2011 - 15:52 | 1178369 Ted Celeste
Ted Celeste's picture

+1.  To this and everything you have contributed on this site.  Thanks for still being here.

Sun, 04/17/2011 - 17:38 | 1178524 margaris
margaris's picture

Found the whole interview (10 min.) on youtube:

http://www.youtube.com/watch?v=zJUNTq2L3ac

Enjoy!

Mon, 04/18/2011 - 05:05 | 1179422 Fíréan
Fíréan's picture

@ margaris.

 

Thank you for posting the link.

Sun, 04/17/2011 - 14:43 | 1178235 Dick Darlington
Dick Darlington's picture

My pleasure D. Here's an update: roughly 64% of all votes now counted and True Finns are sharing the first place as the biggest party with National Coalition!

Sun, 04/17/2011 - 13:04 | 1177927 naiverealist
naiverealist's picture

this is a cll for action.  Who will heed the call?  When??  Before or after the statute of limitations runs  out.

Sun, 04/17/2011 - 13:32 | 1177996 WestVillageIdiot
WestVillageIdiot's picture

Obama and Holder are proving that black people can be just as corrupt as white people.  I figured Marion Barry, Don King, Jessie Jackson, and a host of others had already done that but Holder and Obama are at the pinnacle of power.  They can't offer the excuse that they are "fighting the man".  They are the man and boy do they suck. 

Sun, 04/17/2011 - 13:57 | 1178081 DeadFred
DeadFred's picture

Always remember rule #1-  The banks control the government, not the other way around.  It has nothing to do with their skin color, party or anything else.  Anyone in those positions will be controlled by the banks.

Mon, 04/18/2011 - 00:30 | 1179189 Arthor Bearing
Arthor Bearing's picture

Woooo uncomfortable racial comment crisis averted

EDIT: hahaha Chumbawamba you're killing me

Sun, 04/17/2011 - 14:18 | 1178177 chumbawamba
chumbawamba's picture

Yeah, it took a black guy becoming president to wake people up to the fact that we've had nothing but niggers running the show for decades now.

I am Chumbawamba.

Sun, 04/17/2011 - 14:54 | 1178265 trillionaire
trillionaire's picture

Can you tell us what you mean by "niggers"?

Sun, 04/17/2011 - 15:11 | 1178301 Holodomor2012
Holodomor2012's picture

Quasi Mongoloid Eastern Europeans

Sun, 04/17/2011 - 15:13 | 1178304 Hansel
Hansel's picture

I can only guess he's using the Chris Rock definition (about 2:30 in).

Sun, 04/17/2011 - 15:35 | 1178340 cosmictrainwreck
cosmictrainwreck's picture

dictionary.com defn 2: "a person of any race or origin regarded as contemptible, inferior, ignorant, etc." Only 1 of 3 def's apply specifically to dark-skinned individuals. Everybody's so freaked out over the N word, lest we "offend' anybody. Shit - I am offended every fuckin' day by all kinds of shit, and nobody defends my sorry ass (white male). You damn betcha they've all been niggers.... since JFK. Whores, too.

Sun, 04/17/2011 - 17:39 | 1178521 The Rock
The Rock's picture

They've all been nuthin' but bitchez and hoez.

Sun, 04/17/2011 - 16:05 | 1178396 Milestones
Milestones's picture

Ya Chumba, we're on the same page like I thought.       Milestones

Sun, 04/17/2011 - 19:52 | 1178772 ParaZite
ParaZite's picture

Dats Racist. 

Sun, 04/17/2011 - 14:56 | 1178263 Oracle of Kypseli
Oracle of Kypseli's picture

West Village (Nishimura)

I would make a dinstiction here. You should say "black politicians" are as corrupt as "white politicians."

Most people of any color are not corrupt. 

BTW: To prove your point all you have to do is look at the African nations.

Sun, 04/17/2011 - 15:33 | 1178338 bigkahuna
bigkahuna's picture

corruption is for everyone -- it always has been.

Sun, 04/17/2011 - 13:08 | 1177929 Leo Kolivakis
Leo Kolivakis's picture

Spitzer should have been the AG or better yet the president if the United States. Instead, we got Donald "the Clown" Trump shamelessly self-promoting himself every chance he gets.

Sun, 04/17/2011 - 13:14 | 1177945 cossack55
cossack55's picture

Eric Holder= "A Boy Named Won't-Sue"

Wheres Johnny Cash when you need him?

 

Sun, 04/17/2011 - 14:19 | 1178178 I am Jobe
I am Jobe's picture

Need Al Capone back. At least he had a nice baseball bat.

Sun, 04/17/2011 - 17:04 | 1178472 Dr. Porkchop
Dr. Porkchop's picture

These guys are so crooked, I'll bet even the mob sits around and complains about them.

Sun, 04/17/2011 - 19:19 | 1178711 williambanzai7
williambanzai7's picture

Bingo!

Sun, 04/17/2011 - 13:16 | 1177955 AN0NYM0US
Sun, 04/17/2011 - 13:18 | 1177959 Concentrated po...
Concentrated power has always been the enemy of liberty.'s picture

And I thought it was just your financial commentary that was junk...

 

Spitzer for POTUS?  You seriously typed it?  I mean it's one thing not to like the contenders, but it's entirely another to propose Spitzer.  The country has born enough cigar's in aide's and generally unqualified windbags.

Sun, 04/17/2011 - 13:35 | 1178007 topcallingtroll
topcallingtroll's picture

I don't like democrats in general, but bill clinton wasn't too bad.  It is really scary that Georgie boy made me nostalgic for horndog.

Sun, 04/17/2011 - 13:44 | 1178034 WestVillageIdiot
WestVillageIdiot's picture

Yes, Clinton and Congress balanced the budget.  Bwahahaha.  I never tire of hearing that joke.  I was at a trade show where Joe Scarborough was the speaker and kept repeating that over and over again.  I almost threw up.  Clinton only gave us Rubin and Summers and Hillary.  What a guy.  I do miss him.  Maybe I should go visit him in Harlem.  Oh, wait, his office is just up there.  That doesn't mean he actually hangs out there.  I would have to go to Chappaqua to find one of those phony Clintons.

"Man of the people" - ha ha. 

Sun, 04/17/2011 - 14:30 | 1178201 Gimp
Gimp's picture

Razoback Bill looked good on the surface but if people only new the truly shitty trade deals that he made with foreign nations that have caused the US to loose more jobs and money than can be counted you would realize that the BJ was the highlight of his POTUS reign... oops, spilled some.

Sun, 04/17/2011 - 20:34 | 1178847 Dooud
Dooud's picture

Dont be suprised when we finally learn that HornDog was behind the massive Tungsten replacement program at Fort Knox and the real reason Sandy Berger was redacting and stealing original notes was for this reason.

Sun, 04/17/2011 - 17:17 | 1178488 mdwagner
mdwagner's picture

Right, it's almost like he didn't even sign the repeal of Glass-Steagal and is now paid over $500k per speaking appearences by the banks too big to fail over and over and over again, raising his net worth from being $15 million in debt to being worth over $120 million today.  

It's almost like he wasn't the number one guy who opened the floodgates to outsourcing our jobs in a huge sellout to Wall Street.

Bill Clinton, what a guy.  At least he decided to raid the entire coffers of Social Security revenue to use as general revenues as an accounting gimmick to say he "balanced the budget."

Sun, 04/17/2011 - 13:43 | 1178038 Chuck Yeager
Chuck Yeager's picture

The unqualified windbag part might be true.  I don't know.

But judging Spitzer (or any public official) for conduct unrelated to their office is getting old.

Cast all the stones you want.  We will ALL end up bruised and bloody.  Every last one.

 

Sun, 04/17/2011 - 13:57 | 1178061 Montgomery Burns
Montgomery Burns's picture

 Powerful men screwing around with young women?  SHOCKING!! 

 

What was really shocking was that Clinton always went for such pigs. Could have done a lot better IMO.

Sun, 04/17/2011 - 14:23 | 1178185 MaHatma Coatma
MaHatma Coatma's picture

Hey Monty,  imagine Berlasconi and Clinton having a private conversation about Bill's taste in women.  Bunga Bunga!

Sun, 04/17/2011 - 16:43 | 1178441 Landrew
Landrew's picture

Oh, contraire! Gennifer Flowers was not a pig. Penthouse photos proved that. She was lovely, at least on the outside ha!

Sun, 04/17/2011 - 20:37 | 1178855 Dooud
Dooud's picture

Compare pictures of Gennifer and young Hillary and you can probably
understand the reason behind HornDog's interest, just living out the fantasy
he wasnt getting at home. ;)

Sun, 04/17/2011 - 13:28 | 1177980 web bot
web bot's picture

Leo... you just don't get it...

Now you're an expert on Spitzer? Look, you're a failed pension wannabe now becoming an expert on everything else.

Regardless of what one thinks of Spitzer, he's miles ahead of you. You're not even qualified to comment.

 

 

<Paging Mr. Akak... Paging Mr. Akak...>

 

 

Sun, 04/17/2011 - 13:34 | 1178002 topcallingtroll
topcallingtroll's picture

Hey no trolling without a license.

Read the fine print.

Sun, 04/17/2011 - 13:33 | 1178001 WestVillageIdiot
WestVillageIdiot's picture

Spitzer just screwed one hooker.  Holder and Obama are screwing us all.  And we aren't even getting paid. 

Sun, 04/17/2011 - 14:12 | 1178155 DeadFred
DeadFred's picture

Bullish on Vasoline

Sun, 04/17/2011 - 19:53 | 1178776 williambanzai7
williambanzai7's picture

Sun, 04/17/2011 - 21:49 | 1178967 Holodomor2012
Holodomor2012's picture

Apples and oranges.  Holder's folk are often uneasy around dogs.

http://www.youtube.com/watch?v=f0FMJJwN0Jk

Sun, 04/17/2011 - 13:36 | 1178003 web bot
web bot's picture

 

<PAGING MR. AKAK..... PAGING MR. AKAK...>

 

Sun, 04/17/2011 - 13:07 | 1177931 topcallingtroll
topcallingtroll's picture

Regulatory capture cannot be stopped when people have a cushy private opportunity when they leave the bureaucracy.

We need to end all financial regulations and zero out the bureaucracies. When things go bad people need to lose money.

Personal vigilance and ending moral hazard will correct all financial excesses at least as well as our current system and will cost the taxpayers less.

I wonder where tim geithner will go after he leaves public service.

Anyone want to place bets on timmah's future sugardaddy?

Sun, 04/17/2011 - 13:11 | 1177936 Global Hunter
Global Hunter's picture

agree 100%.

Sun, 04/17/2011 - 13:09 | 1177939 Spastica Rex
Spastica Rex's picture

End all laws, period.

Sun, 04/17/2011 - 13:13 | 1177947 cossack55
cossack55's picture

CONgress should pass a law ending all laws.

Sun, 04/17/2011 - 13:16 | 1177951 Thomas
Thomas's picture

These guys have destroyed more lives than the serial killers and rapists of the twentieth century combined...times ten...squared.

Sun, 04/17/2011 - 13:46 | 1178041 WestVillageIdiot
WestVillageIdiot's picture

Westchester and The Hamptons are exempt from such puny laws.  Are you new? 

Sun, 04/17/2011 - 13:22 | 1177969 Gold 36000
Gold 36000's picture

Timmah won't work for the squid when he leaves.  That would be too obvious.

He will write a book and get a million dollars secretly funded by the bankstas.  Or he could establish a consulting firm and get "hired" by the big banks to do nothing, or almost nothing.  It is too easy to obscure the money trail.  He doesn't even have to take a real official job with anyone after he leaves, or he could take an official job with a very small salary and get the rest handed to him in many other ways, including the above.

Sun, 04/17/2011 - 13:31 | 1177992 Gold 36000
Gold 36000's picture

oh yeah one more way.

Timmah will be put on several boards and for about a month's work per year he will draw a cool half million.

Sun, 04/17/2011 - 13:45 | 1178043 WestVillageIdiot
WestVillageIdiot's picture

Isn't Greenspan a top "consultant" for Deutsche Bank? 

Sun, 04/17/2011 - 14:14 | 1178164 chubbar
chubbar's picture

Didn't anyone ever wonder how Billy boy managed to acquire over 50 million dollars after leaving the white house (remember him crying poverty while trying to raise funds for his defense while in the WH). How many secrets and laws did he sell out for that dough?Those are some serious speaking fees, he he.

Anyone care to guess how much Obama will be worth 10 yrs out of office? Hell, by letting Wall street off the hook for stealing trillions without jail time, I suspect he will be worth hundreds of millions in todays dollars by the time all is said and done!

Mon, 04/18/2011 - 00:59 | 1179239 Widowmaker
Widowmaker's picture

You didn't see record bonuses as charitable giving?!

 

Sun, 04/17/2011 - 13:39 | 1178024 DavidC
DavidC's picture

Tony B. Liar might hire him...

DavidC

Sun, 04/17/2011 - 13:41 | 1178026 eatthebanksters
eatthebanksters's picture

Timmeh will start a consulting firm and collect extravagant fees from all the TBTF banks, GS, MS Deutsche and a few others.  He might even get blowjobs from Blankfein and Dimon for promising not to spill the beans.

Sun, 04/17/2011 - 13:46 | 1178049 WestVillageIdiot
WestVillageIdiot's picture

I think you misspelled "give".  Timmy is clearly a catcher, not a pitcher. 

Sun, 04/17/2011 - 15:11 | 1178303 Doña K
Doña K's picture

No wonder his mouth looks so stretched out. He has also been observed to be sucking a lot of lemons. I guess that's to get rid of the after-taste

Sun, 04/17/2011 - 13:35 | 1178008 WestVillageIdiot
WestVillageIdiot's picture

"I wonder where tim geithner will go after he leaves public service."

 

I don't know but I bet it is a place loaded with little boys. Do they need any political whores in Bangkok?  If so, I think Timmy found his new home. 

Sun, 04/17/2011 - 13:48 | 1178048 Chuck Yeager
Chuck Yeager's picture

All pigs are equal, but some will always be more equal than others!

Sun, 04/17/2011 - 13:14 | 1177944 chunga
chunga's picture

NY AG Eliot Spitzer took down AIG Founder Hank Greenberg for 'crookedness unbecoming NY' in 2005. He may have been the only one to land the burning jet and he got thrown out approaching the runway.

What a rabbit hole this is....

Sun, 04/17/2011 - 13:18 | 1177960 Global Hunter
Global Hunter's picture

It makes sense to me now how Spitzer's personal life became public.  Took me a few years to catch on but I get it.  

Sun, 04/17/2011 - 13:26 | 1177981 Gold 36000
Gold 36000's picture

yeah I understand too now.

I will vote for Spitzer for president.  He can take his escort to the white house too, or as many as he wants.  Hell I will be honored to pay for his first escort at the white house.  She can go to the inaugural ball with him.  I will get him the best.

Sun, 04/17/2011 - 13:34 | 1177997 topcallingtroll
topcallingtroll's picture

I would be honored to split the cost of spitzer's escort to the inaugural ball.

Sun, 04/17/2011 - 14:27 | 1178195 DeadFred
DeadFred's picture

Don't find yourself in the crosshairs of the TBTF.  I wonder how many times they've failed.  How many hookers have been sent to but turned away by, lets say Ron Paul.  It looks like they got Julian Assange.  The Honey Trap is a tried and true technique.

Sun, 04/17/2011 - 14:29 | 1178200 DeadFred
DeadFred's picture

Of course often the politicians don't need any encouragement.

Sun, 04/17/2011 - 21:09 | 1178886 ViewfromUnderth...
ViewfromUndertheBridge's picture

Ron was right onto that Borat guy...walked away.

Sun, 04/17/2011 - 13:48 | 1178058 Chuck Yeager
Chuck Yeager's picture

It is a fine tradition, going way back.  Heck, Kennedy even made is fashionable.

Sun, 04/17/2011 - 14:20 | 1178183 chunga
chunga's picture

Whores...shit...they've all got their whores.

I love this Hitler parody video about H.R 3808

Sun, 04/17/2011 - 15:41 | 1178355 I am Jobe
I am Jobe's picture

Double the amount of Vaseline and find a country with lots of cobras and Mumbas and drop of the fuckers and return order.

Sun, 04/17/2011 - 15:10 | 1178292 trillionaire
trillionaire's picture

I agree.  I remember when this was happening I thought to myself someone wants this guy out.  It all makes sense now, they needed the convenience of sex crimes to get problematic people out of the way.

Sun, 04/17/2011 - 13:17 | 1177964 Careless Whisper
Careless Whisper's picture

word of the day: patina

Sun, 04/17/2011 - 13:21 | 1177967 NOTW777
NOTW777's picture

hilarious. holder is focused like a laser using the US gov to sue for muslim rights, terrorists rights etc and or suing AZ.  dont expect any GS interest

Sun, 04/17/2011 - 14:32 | 1178214 Gimp
Gimp's picture

Don't forget any white on black crime, that gives him real wood but we MUST ignore any Black on White crime. Remember the thugs at the voting station???  Not important..

Sun, 04/17/2011 - 13:22 | 1177968 Dan The Man
Dan The Man's picture

 

I hate them all...a little more now

Sun, 04/17/2011 - 15:14 | 1178309 Doña K
Doña K's picture

But at least you hate them all equally. Right?

Sun, 04/17/2011 - 13:26 | 1177977 Gold 36000
Gold 36000's picture

We have to publish a top ten list.  Only the crazies are willing to take action. 

If the government will not go after this huge fraud then maybe the crazies will do it, and we can sing about their bravery for thousands of years and incorporate them in the new mythology of the third millenium

The list starts with Geithner, Blankfein, Paulson, Dimon, Prince, and everyone at AIG.  Is there anyone else who should be added to the list?

Sun, 04/17/2011 - 13:29 | 1177988 velobabe
velobabe's picture

plan A, goldie.

Sun, 04/17/2011 - 13:39 | 1178016 WestVillageIdiot
WestVillageIdiot's picture

Shame on you.  Your list didn't begin with Greenspan.

Sun, 04/17/2011 - 13:45 | 1178036 Bay of Pigs
Bay of Pigs's picture

Or the Bernank.

Sun, 04/17/2011 - 13:44 | 1178031 silvertrain
silvertrain's picture

to many to mention but i will add mozilla...

Sun, 04/17/2011 - 14:03 | 1178119 WestVillageIdiot
WestVillageIdiot's picture

What do you have against the Firefox browser? 

Mon, 04/18/2011 - 00:32 | 1179192 The Real Fake E...
The Real Fake Economy's picture

pretty stupid but had to laugh haha

Mon, 04/18/2011 - 01:44 | 1179295 baby_BLYTHE
baby_BLYTHE's picture

I actually have a big problem with thunderbird, their email client. Damn thing is Buggy on my Mac. Off with their heads, I say!

Sun, 04/17/2011 - 13:28 | 1177986 velobabe
velobabe's picture

this could be another form of hope, via eliot and matt. at least they got on CNN, with some substance. i have a bit of optimism, probably will wane, but hold onto soemthing some a days.

patina, bitchez†

Sun, 04/17/2011 - 13:39 | 1178017 101 years and c...
101 years and counting's picture

the fact this was on the MSM tells me the shit may finally hit the fan.  afterall, we need a reason for Dow to fall under 10K so that Ben can launch QE3....

 

Sun, 04/17/2011 - 13:31 | 1177994 oldmanofthesee
oldmanofthesee's picture

Leo, you got minimal credibility remaining, from pushing the socialist pension crap. Don't erode what little is left by pushing Eliot Spitzer.

Sun, 04/17/2011 - 13:49 | 1178055 WestVillageIdiot
WestVillageIdiot's picture

Pensions aren't socialist.  I will bet my Social Security on it. 

Sun, 04/17/2011 - 15:07 | 1178288 penisouraus erecti
penisouraus erecti's picture

:-)

Sun, 04/17/2011 - 14:04 | 1178116 Leo Kolivakis
Leo Kolivakis's picture

Are you one of those dummies hoping Trump will run for office? Obama hopes he runs too...it's called the 'Perot effect'.

Sun, 04/17/2011 - 14:33 | 1178212 Careless Whisper
Careless Whisper's picture

Leo, this is for you. Mister Trump from a speech yesterday in Florida. Notice the lack of teleprompter.

"... it's like the difference between chicken salad and chicken shit..." Donald Trump

http://www.youtube.com/watch?v=WY-5onConhc

 

Sun, 04/17/2011 - 15:29 | 1178326 Doña K
Doña K's picture

Donald talks a good populist game, but his agenda is to salvage his failing "real-estate-on-sand" empire. He needs to roll over debt again and again and he is hunging by a thin string. It aint happenning. He needs bailouts and new legislation.

BTW: No one can save the system. The system must be destroyed first. Banksters to get people's wrath, lobbyists to be banned, new generation of politicians not to be allowed to get jobs with companies doing business with the government for 5 years after leaving office, and many other reforrms that will limit the influence. I am certainly not an expert on these. 

Sun, 04/17/2011 - 15:47 | 1178362 Careless Whisper
Careless Whisper's picture

You're good.  You tell us a bunch of lies about Trump and you wrap them around the reforms that everyone agrees with. Who do you work for?

 

Sun, 04/17/2011 - 18:00 | 1178549 monoloco
monoloco's picture

Considering the financial condition of the United States, maybe a bankruptcy expert like Trump isn't such a bad idea.

Sun, 04/17/2011 - 18:10 | 1178567 Careless Whisper
Careless Whisper's picture

bankruptcy expert

i think you mean debt management expert.

Sun, 04/17/2011 - 13:37 | 1178010 mworden
mworden's picture

"Sue" or "prosecute"?

 

Prosecute seems stronger (but just as unlikely)

Sun, 04/17/2011 - 13:38 | 1178013 kragsquest
kragsquest's picture

How about Ralph Nader for AG? We need someone who is tough as nails. Frankly, Blankfein and the rest would be lined up against the wall and gunned down in an Islamic or South American country, after a speedy trial. 

Of course, Holder is pathetic, but let's hope he doesn't stand in the way of government officials who do want justice.  Where does libertarian Rand Paul stand on the case?

Sun, 04/17/2011 - 14:53 | 1178259 Uncle Remus
Uncle Remus's picture

Ralph can go fuck himself.

Sun, 04/17/2011 - 13:46 | 1178035 bankonzhongguo
bankonzhongguo's picture

The only thing more disgusting than a person calling Holder and Obama "house niggers" for GS and Wall Street elite is the outrageous fact that DOJ HAS DONE NOTHING to go after these crooks.

I've said it before and surely there must be more than one federal badge wearing crime fighter than has been relegated to trolling the financial blogs searching for phantom AQ who has an opinion on constructive fraud and Gramm-Leach-Bliley.  The silence and lack of prosecutions are deafening.

When the Amerikan secret police (sorry, but the FBI has now joined the ranks of the Stasi, NKVD and SAVAK thanks to all things Patriot/TSA) can't make a case against Corporations engaged in the manifest looting of the Republic and the Citizens they were shown to protect ... Well I guess all those boy scout merit badges and public school civics classes died with John Wayne, John Lennon and GI Joe.

Quantico, rotate through headquarters, retire at 55 only to have your pension go the way of the dodo bird thanks to the very bankers you helped protect.  Maybe you'll have the courage to tell your kids you made a mistake by not investigating the prosecutors when the country still had a chance to survive.

Funny how the current accountants with guns will be flatfooted hourly security detail for GS at the next Bilderberg and G20 meetings.

Thanks Mueller and Holder. 

You're doing a yeoman's job.

Sun, 04/17/2011 - 13:49 | 1178059 WestVillageIdiot
WestVillageIdiot's picture

Somewhere Felix Dzerzhinsky is smiling at your post. 

Sun, 04/17/2011 - 13:59 | 1178095 bankonzhongguo
bankonzhongguo's picture

Someone told me that they put up a NEW statue of Felix in Minsk within the lat few years.

Crazy.

The more things change the more they stay the same.

Sun, 04/17/2011 - 14:16 | 1178161 WestVillageIdiot
WestVillageIdiot's picture

The New York City Public Library is now named after Steven Schwazman of the Blackstone Group.  What's the difference? 

Sun, 04/17/2011 - 14:02 | 1178113 kragsquest
kragsquest's picture

Eventually they will have the computers with AI and smart DOJ folks to prosecute.

Sun, 04/17/2011 - 13:52 | 1178057 vast-dom
vast-dom's picture

Spitzer gets my vote! And hiring whores ain't nothing compared to destroying the global economy, not to mention most of the banksters do hire whores and snort copious amounts of blow while laundering their suppliers dirty money!

 

Gots to love it! We deserve what we get!

 

Here's the gameplan: Hire detectives and dig up the whoremongering drug usage and money laundering of these banksters and roll that up into the above criminal investigation as headed by Spitzer! 

Sun, 04/17/2011 - 13:50 | 1178064 WestVillageIdiot
WestVillageIdiot's picture

The best you can say about Clinton is "at least he got it for free".  Then you look at that wildebeast Monica Lewinsky and you realize he still overpaid. 

Sun, 04/17/2011 - 13:52 | 1178062 janchup
janchup's picture

But the AG's boss, with Geithner whispering in his ear, has always said "NO WAY."

 

Sun, 04/17/2011 - 13:50 | 1178065 indio007
indio007's picture

Anyone can prosecute a case in the name of the people. This is how it used to be done. There where no attorney's general prosecuting crime. Anyone can do it on their own. So Spitzer suck it up and do it yourself. I'll contribute 1000k to the fund.

Sun, 04/17/2011 - 13:51 | 1178067 WestVillageIdiot
WestVillageIdiot's picture

Count me in for 30 silver pieces.  "Real" money real well spent.

Sun, 04/17/2011 - 13:58 | 1178084 pops
pops's picture

So how much do you think GS has budgeted to donate to Ron Paul's campaign?

Sun, 04/17/2011 - 14:28 | 1178202 I am Jobe
I am Jobe's picture

ZERO. Are you kidding me. GS will not go up against Ron Boy. I want Jesse Ventura to slam dunk the bitchez.

Sun, 04/17/2011 - 13:58 | 1178092 no2foreclosures
no2foreclosures's picture

"Spitzer: If The Attorney General Does Not Sue Goldman Sachs, He Should Resign. . ."

No! No! NO!  If the AG won't sue Goldman Sucks, he should join them!  If you can't win. . .

Sun, 04/17/2011 - 14:00 | 1178093 Strategery
Strategery's picture

It appears that Geitner acted outside of his authority and is complicit in these crimes. GS principals should be prosecuted, and GS should be sued not only to compensate, but also to the extent of all profits made because if their actions. Geitner should be removed from office and dealt with severely so that he will be an example of what not to do. His duties were to Americans, not bankers!

Sun, 04/17/2011 - 14:02 | 1178104 Strategery
Strategery's picture

BTW, Because it's actions impact the American populace, the Fed and Bernanke owe fiduciary duties to the American people not to steal their savings and devalue their hard earned currency in order to prop u the bankers.

Sun, 04/17/2011 - 14:07 | 1178125 slewie the pi-rat
slewie the pi-rat's picture

holder is a fukhead.  i've been callin the asswipe out, here, since Feb. 

SUE  G/Sachs?  give them an opportunity to settle, for 5 cents on every dollar they and buffett and Moody's made on their frauds. 

earth & slewie to spitzer and holder:  fraud is a crime.  ya get yer evidence, ya indict the perps, ya convict em if ya can, and ya put em in prison.  fukface phil angelides just gavelled his investigaters out the back door, saying :  we have two justice systems now, and the one for the rich and politically connected is gonna be upheld by ME, here! 

well-respected analysts have mapped out no less than 5 levels of fraud in the RE boom/crack-up:

1)  fraud in the mortgage apps.  (wink, wink)
2)  fraud in MERS
3)  fraud in the securitization and ratings of the mortgages
4)  fraud in the sale of the the mortgage based securities
5)  fraud in the "insurance" created, "valued" and marketed

this doesn't include the damned bail-outs, but does explain why fanny & freddie R fukkied, and we're on the hook for all that bull-shit, too!
i appreciate tyler's leadership in pointing out where crimes have been committed and (wink, wink) overlooked.  if barry bonds can stand trial for perjury (which is fine by slewie) so can the banksters who lied to congo. 
we're sick & tired of wrist slaps and "settlements" where the criminals get to bank 95% of their illegal gains.
WE want these asswipes tried, convicted, and imprisoned, and we don't care how much $$$ they are paying those who "control" the Justice Dept.  to fade their crimes and put petty criminals like you and slewie on the hook for the losses they caused.  those shitheads bankrupted themselves, their "companies" and their clients, fine, bankrupt them!  they committed crimes while doing so, imprison them, too.  this ain't freakin rocket science.  we know who these asswipes are, same as we know barry bonds. 

sue them?  NO!  put lloyd away "for 6 months"?  NO!  it may be difficult to go up the food chain and convict.  yet, it is done all the time. but, ya can't (wink, wink) look the other way, and do it!!!

even if you can only prove civil fraud against the damned company, let's prove it, fine them to DEATH, and bury these companies, forever. 

Sun, 04/17/2011 - 14:11 | 1178150 Life of Illusion
Life of Illusion's picture

 

Who let GS and others do it ………..

http://www.washingtonpost.com/wp-dyn/content/article/2008/02/13/AR2008021302783.html


Predatory Lenders' Partner in Crime How the Bush Administration Stopped the States From Stepping In to Help Consumers

  you post. Who's Blogging » Links to this article



By Eliot Spitzer

Thursday, February 14, 2008

Several years ago, state attorneys general and others involved in consumer protection began to notice a marked increase in a range of predatory lending practices by mortgage lenders. Some were misrepresenting the terms of loans, making loans without regard to consumers' ability to repay, making loans with deceptive "teaser" rates that later ballooned astronomically, packing loans with undisclosed charges and fees, or even paying illegal kickbacks. These and other practices, we noticed, were having a devastating effect on home buyers. In addition, the widespread nature of these practices, if left unchecked, threatened our financial markets.

Even though predatory lending was becoming a national problem, the Bush administration looked the other way and did nothing to protect American homeowners. In fact, the government chose instead to align itself with the banks that were victimizing consumers. Predatory lending was widely understood to present a looming national crisis. This threat was so clear that as New York attorney general, I joined with colleagues in the other 49 states in attempting to fill the void left by the federal government. Individually, and together, state attorneys general of both parties brought litigation or entered into settlements with many subprime lenders that were engaged in predatory lending practices. Several state legislatures, including New York's, enacted laws aimed at curbing such practices. What did the Bush administration do in response? Did it reverse course and decide to take action to halt this burgeoning scourge? As Americans are now painfully aware, with hundreds of thousands of homeowners facing foreclosure and our markets reeling, the answer is a resounding no. Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye. Let me explain: The administration accomplished this feat through an obscure federal agency called the Office of the Comptroller of the Currency (OCC). The OCC has been in existence since the Civil War. Its mission is to ensure the fiscal soundness of national banks. For 140 years, the OCC examined the books of national banks to make sure they were balanced, an important but uncontroversial function. But a few years ago, for the first time in its history, the OCC was used as a tool against consumers. In 2003, during the height of the predatory lending crisis, the OCC invoked a clause from the 1863 National Bank Act to issue formal opinions preempting all state predatory lending laws, thereby rendering them inoperative. The OCC also promulgated new rules that prevented states from enforcing any of their own consumer protection laws against national banks. The federal government's actions were so egregious and so unprecedented that all 50 state attorneys general, and all 50 state banking superintendents, actively fought the new rules. But the unanimous opposition of the 50 states did not deter, or even slow, the Bush administration in its goal of protecting the banks. In fact, when my office opened an investigation of possible discrimination in mortgage lending by a number of banks, the OCC filed a federal lawsuit to stop the investigation. Throughout our battles with the OCC and the banks, the mantra of the banks and their defenders was that efforts to curb predatory lending would deny access to credit to the very consumers the states were trying to protect. But the curbs we sought on predatory and unfair lending would have in no way jeopardized access to the legitimate credit market for appropriately priced loans. Instead, they would have stopped the scourge of predatory lending practices that have resulted in countless thousands of consumers losing their homes and put our economy in a precarious position. When history tells the story of the subprime lending crisis and recounts its devastating effects on the lives of so many innocent homeowners, the Bush administration will not be judged favorably. The tale is still unfolding, but when the dust settles, it will be judged as a willing accomplice to the lenders who went to any lengths in their quest for profits. So willing, in fact, that it used the power of the federal government in an unprecedented assault on state legislatures, as well as on state attorneys general and anyone else on the side of consumers. The writer is governor of New York.

 

Sun, 04/17/2011 - 15:04 | 1178277 honestann
honestann's picture

No federal government agency can "invalidate" the fundamental crime called "fraud".  Perhaps they can play games with banking rules and regulations and such, but no way, no how can they prevent states from prosecuting utterly fundamental laws like fraud.  If they try, they are 100% clearly rouge government, and all the states must formally dissolve the federal government.

In fact, the states are grossly derelict for not formally dissolving the federal government many decades ago for good cause, and recently for astronomically egregious cause.

The experiment in "central banks" has been an absolute, complete and utter failure (except for the banksters), and the central bank must be eliminated.

The experiment in "central government" has been an absolute, complete and utter failure (except for the banksters and authoritarians), and the central government must be eliminated.

This is crystal clear.  That nobody in government (especially in the states) takes any such action is treason.

Today the entire country operates by and for:

predators DBA federal government
predators DBA federal reserve
predators DBA large banks

Sun, 04/17/2011 - 16:42 | 1178437 slewie the pi-rat
slewie the pi-rat's picture

tyler is the governor on NY?  wayta go, Gov. Durden! 

spitzer used to be the gov. of ny, but resigned in '08 due to sex scandal.  he usta be the state atty general, too, as well as a manhattan prosecutor under morganthau.  he blew it.  i don't care, either way.  i thought he tried to go a bit fast, politically, when he got the state house.  im my mind, he created his own political opposition to many of his ideas by a kind of arrogance.  but, he won huge, too! 

i think the FBI took him down via the scandal.  but i can't prove it.  in march 2008, when he resigned, the banksters were hitting the fan, and spitzer, if he hadn't left his dick in about 50 doors, might have changed history, with andrew cuomo, now gov, as the AG.  coumo's dad, mario, was gov, too, in the early 90's.  maybe the cuomo's "play along" a bit more than spitzer, with the bankster class.  not sure, but maybe. 

andrew is up to his ass in allig8Rz trying to keep NY solvent.  heard anything about those banksters causing a LOT of this lately?  LOL.  that's why the banksters pay these pols, isn't it?  the banksters just want to steal our wealth, by any means available, the next just as outrageous as the last. 

that's what banksters do, folks, and the U-S-A has the best fukin banksters in the world!

Sun, 04/17/2011 - 14:20 | 1178179 Thunder Dome
Thunder Dome's picture

Rape bitchez!  

 

What are you gonna do about it?  Nothing.

Sun, 04/17/2011 - 14:30 | 1178206 I am Jobe
I am Jobe's picture

Does that come with Vaseline or KY? Just curious.

Sun, 04/17/2011 - 14:37 | 1178225 Yancey Ward
Yancey Ward's picture

He probably is worried about getting outted with a high-priced hooker if he sues Goldman.

Sun, 04/17/2011 - 14:43 | 1178238 Jerry Maguire
Jerry Maguire's picture

http://strikelawyer.wordpress.com/2011/04/17/prosecute-the-banksters/

It may be viscerally satisfying, but it accomplishes nothing really.  Prosecute them, don't prosecute them.  It makes no difference.

Amending the constitution would make a difference.

 

Sun, 04/17/2011 - 14:54 | 1178262 honestann
honestann's picture

I don't think so.  They blatantly ignore the constitution.  What is needed is some way for regular folks to try and punish government [and large corporation] criminals, with no way for the "formal" court system to overturn.

Sun, 04/17/2011 - 14:50 | 1178256 honestann
honestann's picture

You know, for all the worry Jefferson and others had about government getting out of control, you would have thought that they would have put something in the constitution to let "regular folks" charge and try people in government [and large corporations] without ANY involvement by government, and with explicit protection from government interference or overturning of decisions.

Clearly this government has gone far beyond the point of no return (probably for decades), and some way is needed to hold government criminals liable in criminal [and civil] ways.  The absence of such a mechanism will guarantee the need for an all out shooting war between the people and government... and that is not a pretty thought.

Sun, 04/17/2011 - 15:00 | 1178272 Vendetta
Vendetta's picture

A total void of justice is bullish for PMs

Sun, 04/17/2011 - 15:05 | 1178281 mt paul
mt paul's picture

tired of toothless regulations...

 

bite a banker

Sun, 04/17/2011 - 15:08 | 1178286 Rick64
Rick64's picture

Its like a corrupt police dept., everybodies got each others back.  We need someone higher up to clean it up, but its corrupted from the top down.

Sun, 04/17/2011 - 15:11 | 1178295 penisouraus erecti
penisouraus erecti's picture

talk....talk...blah blah...yada yada...........when/who is ever going to do anything about it that is in a position to actually do something about it?

Sun, 04/17/2011 - 15:10 | 1178298 Seymour Butt
Seymour Butt's picture

Will Lloyd do the perp walk? You betcha.

Sun, 04/17/2011 - 15:19 | 1178316 nah
nah's picture

the future is comming guys

.

lies colusion corporate media and a supereconomy are going to be great for people

Sun, 04/17/2011 - 15:25 | 1178320 lizzy36
lizzy36's picture

Geithner was the head of FRBNY when this crisis occurred. He failed at his job. he should have been fired. Instead he got a promotion to Treasury Secretary. Failing up is the new American exceptionalism.

Stability of the markets (wealth effect) is the ONLY thing the United States worships anymore. Stability of the markets at all costs.  But they want cheap stability, the kind one buys, not the kind one creates, invests in and protects by prosecuting those that attempt to undermine that so called stability.

Geithner doesn't want prosecution because he is as culpable, if not more so than goldman sachs.

Sun, 04/17/2011 - 15:27 | 1178325 AldousHuxley
AldousHuxley's picture

We need to give social and moral support to Spitzer. Yes, he has paid for prostitutes, but it was an agreement between two consenting adults. His personal shortcomings is pale in comparison to how bankers are prostituting you and your child's future. Put your priorities straight America!

 

Sun, 04/17/2011 - 15:30 | 1178329 LivermoreJim
LivermoreJim's picture

Spitzer the moralist?  Ha.  He should have been jailed for using public funds to pay for his hooker.  Had it been his own money...non problemo.

Sun, 04/17/2011 - 15:51 | 1178372 Careless Whisper
Careless Whisper's picture

It was his own money. You're a liar.

Sun, 04/17/2011 - 15:59 | 1178384 Ted Celeste
Ted Celeste's picture

Spot-on.  Spitz is a good dude, even w/the daddy issues.  And he has good taste in women.  Nobody's perfect, you know?

 

Sun, 04/17/2011 - 22:48 | 1179044 Theta_Burn
Theta_Burn's picture

And not to mention if he was an Italian or french official, he'd still have his job.

Sun, 04/17/2011 - 15:45 | 1178360 ivars
ivars's picture

Listen to the next president:

http://saposjoint.net/Forum/viewtopic.php?f=14&t=2663#p31841

I have a feeling the USA have to default soon, and with conviction, that can only be found in populist movements.

Is Tea Party also supported by GS?

Sun, 04/17/2011 - 18:28 | 1178593 LowProfile
LowProfile's picture

Yes.  Palin is the perfect candidate to marginalize the TP forever.

Fucking moron.

Sun, 04/17/2011 - 15:50 | 1178364 Atomizer
Atomizer's picture

Bloody Hell Tyler!! How dare you expose the inter workings of a fraudulent system. Was just planning to visit Egypt, acting as an SEIU administer. Received all these phone calls from hedge funds claiming I was damaged goods.

LOL. Keep up the good work Tyler.

Gang of Four - Damaged Goods

Sun, 04/17/2011 - 15:49 | 1178368 lolmaster
lolmaster's picture

WOW from one renegade (hooker banging, Wall St persecuting for fame not justice) AG to another renegade (defending terrorists for cold hard offshore cash money, traitorous) AG.

I'm sure Holder is shaking in his Saudi bought-and-paid Gucci loafers!

Sun, 04/17/2011 - 15:55 | 1178376 cosmictrainwreck
cosmictrainwreck's picture

sure, it's all smoke & bullshit, but makes great teevee, don't it? that's all they care about....selling ad time

Sun, 04/17/2011 - 16:02 | 1178392 Kurtieboy
Kurtieboy's picture

"Control" is extreme and a little too simplistic. My daughter has a great deal of influence on the decsions I make. Does that mean she controls me?

Sun, 04/17/2011 - 16:10 | 1178394 Bill D. Cat
Bill D. Cat's picture

Must have been killing Cooper that he couldn't use  ass pound prison  on air .

Sun, 04/17/2011 - 16:20 | 1178407 Waterfallsparkles
Waterfallsparkles's picture

I do not think that there is anything we can do about it except to change our behavior.

The things I have done is to modify my living standards.  I keep the heat down to 58 degrees in the winter and no air conditioning in the summer.  I buy only essentials like food.  No clothing, no fancy gadgets, nothing that is not essential for survival.

Cut cabel, cut cell phone except a $10. month prepaid plan, cut wire line down to basic service with limited minutes, cut driving.  Do not go to the store unless I run out of something and if I do make a list and do not buy anything not on the list.  Only shop specials and reduced prices for groceries and stock up on anything on sale.  Do not use paper towels, just towels that can be washed.  Cook from scratch.  Peal potatoes and carrots for meals.  No prepaired foods or carryout.  No Starbucks. Pack a lunch. I remember my Mother reusing plastic bags and aluminum foil.  She would wash it and reuse it again.  Dry your clothes on a clothes line outside instead of using your dryer.

Driving less saves not only on Gas but on wear and tear on the car, tires and maintenance.  If you get 3 more years out of your Car you have saved.  You do not have to buy tires as often and reduce maintenance and cost for repairs.

Plant a garden this spring.  With Tomatoes close to $2. a lb and Zucchini the same you can save some dollars. 

Learn how to repair your own plumbing and fix your own furnace.  I have, the internet is a great tool.  Mow your own lawn.

With all of this you work less pay fewer taxes and have more in the end.

Sun, 04/17/2011 - 16:30 | 1178423 Waterfallsparkles
Waterfallsparkles's picture

Plus, if things get worse I will rent out a room or finish off my basement and rent it for additional income.  Just like my Grandmother did in the Recession.

Sun, 04/17/2011 - 16:49 | 1178450 slewie the pi-rat
slewie the pi-rat's picture

hi.  thank you for your contribution, here.  it is quite the pleasure to get to know you a bit, finally. this ain't 2-3 sentences of deflection!

you and i have very nearly the same values and the same lifestyle and simplicity. i'm surprized, WFS, but not amazed. 

being enuf of a rube to accept this as y-o-u, i'll forgive you the white mask.  lol! actually, you had me at the white mask.  that's why i've been tearing at it, so.

thanks, again!

Sun, 04/17/2011 - 17:44 | 1178519 Waterfallsparkles
Waterfallsparkles's picture

Thank you for your comment.  It is not a white mask it is my Grand Daughter holding my White Cat spirit which is not too pleased.  To bad you cannot see the big picture you would smile.  My Grand Daughter is smiling and my cat looks like she wants to kill someone.  Which is really funny because my Grand Daughter is so happy to have captured the cat but the cat is Tortuously waiting to get revenge.

As for your comments.  Yes you are right You and I cannot change the World but we can learn to live in it as it is.  No, it is not easy giving up things we were used to but losing them is not so traumatic after all.  I lived without them before and will again.

After all I lived without color TV and a remote control and cabel.  Only 3 local chanels before.  I lived without air conditioning.  I lived without 2 cars in a family.  Only one.  I lived without fast food and TV diners or pre prepaired food.  I lived without faxes, copy machines, cell phones.  I lived without Dishwashers, Dryers for our clothes, without clothes from China.  Only hand made clothes from our sewing machines.  I made all of my children s clothes and my own, plus drapes, curtains and bedspreads.

You know, life was actually good then.  The Family ate together, played games together and talked to each other.  I still remember playing Canasta with my Grandfather after dinner.  The whole family played at the Dining room tabel.  It was so much fun. No e-mails or blackberrys or instant messages.

Makes you wonder what we have really become.

Sun, 04/17/2011 - 19:21 | 1178721 slewie the pi-rat
slewie the pi-rat's picture

my daugher, when 2, took a kitty in each hand, thumb & forefinger tightly wrapped around their necks, and would parade proudly around the patio, singing to them, while they looked like little flying squirrels, with eyes bugging out. 

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