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Top Goldman Lobbyist Barred From Communicating With House's Financial Services Committee
In a rare example of testicular fortitude, Barney Frank has "banished" Goldman's Michael Pease from communicating with the U.S. House of
Representatives Financial Services Committee. According to Reuters, the Goldmanite, and former committee staffer, has been "asked" not to interfere with the Congressional panel for a period of 12 months. According to Barney Frank aide Steven Adamske:
"Mr. Paese left our offices in September 2008, and was not
allowed to communicate with any committee members or staff for
a period of one year due to normal ethics restrictions that
apply to all House and Senate employees. Out of an abundance of caution due to the nature of
financial regulation reform, the chairman has extended Mr.
Paese's recusal for another year."
For those curious just what the background of this one particular tentacle of Goldman's nefarious plan for global domination is, Mr. Pease "was the committee's deputy staff director before
he quit to work for the Securities Industry and Financial
Markets Association as a lobbyist. Goldman hired him in April."
And just in case there is any confusion where Washington's allegiances usually lie, the Center for Responsive Politics disclosed that "since 1989, [Goldman's] employees, their family members and political action committees
have donated $31.2 million to U.S. political candidates --
topping all other banks and financial firms."
While one applauds Mr. Frank's effort to at least provide the perception that Goldman is not manipulating the ongoing financial regulation reform effort, his anti-Wall Street ego would be better placated if Mr. Frank, as previously announced, focuses his efforts on Fed transparency initiatives. Unfortunately, any actions that do not comport with his disclosed goal of ending the Fed's covert ops, will be mostly perceived as hypocritical pandering to those that Barney is seemingly starting to finally oppose.
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More competition is needed to at least increase the cost of political lobbying. Trillions for 30 million? Thats one hellofa ROI.
It's called "We the people". We need to outspend the banksters.
Someone on Capitol Hill is beginning to get some kind of message. More pressure, worker drones!
Maybe naive, but effective representation shouldn't cost anything. Men should be guided by high morals, ethics, a divinity of action in making their mark on this earth.
But since Darwinism, organic biology, and the subtle whispers of humanism have convinced all that such is noise and nonsense, it is every encased cell of self action for one's self.
There is no society, there is no altruism, there is no doing good for goodness sake. There is only taking, stripping, stealing, organized theft, and survival of the fittest.
It makes a bleak world. It makes an empty universe when taken to its nth derivative.
Without understanding, economics will ever be extraction and entropy, and never a perpetuity of fine action and increasing wealth.
Very well said.
"There is only taking, stripping, stealing, organized theft, and survival of the fittest."
You left out 'rape'.
There is self interest, and then there is enlightened self interest. There is civil society, and then there is society at the point of a rifle. It's important to make a clear distinction. All self interest is not evil by definition.
what we have here is the best democracy money can buy..best bid gets hit by easy whores...the U.S. Open hosted by GS, the official gatekeeper and security consultant.
Cramer tonight talking about how all the negativity against Dark Pools is bogus. He said trading for the small investor has never been so fair. Dark pools are a huge benefit for liquidity and best execution. He's never seen it so good, and everyone else is just uneducated.
So there you have it, the great Cramer has spoken.
Castrate Cramer -- new bumper sticker. Asshole only talks the book of his hedge buddies. Another great time to remind anyone new here about www.deepcapture.com and the story of Dendrion and Cramers role in it.
say it ain't so...hypocritical pandering from a politician?
shocked.
Precisely. Kabuki theatre in a pink kimono.
Jesus! Is Cramer making his daily show based on what's reported on yesterdays Zero Hedge?
imho, mad money and ZH are mutually exclusive products.
any crossover is/was unintended and should not be construed as an endorsement in any way shape or form of said cable entertainment program.
even the Financial Times bloggers refer regularly to Zero Hedge, after the fact.
Whoa. We need some more of this action.
Hey, I'm still waiting for my damn pizza - what gives?
"In a rare example of testicular fortitude..." no, it's a common example of political dog & pony show.
I think Tyler's either overworked or now working for Goldman.
Pease prob rejected Frank's overtures. Now if it had been Steve Gobie...
Frank doesn't make overtures, he sits back and lets them throw themselves at him. It's how the prostitutes in Mass work;
"Eh, I've seen bettah johns, yah wastin mah time heeya."
Now Goldman will have to crush Frank. This might be fun!
No, all parties involved got preprogrammed prepaid cell phones prior to the notice, just to be on the safe side....the privately held federal reserve's baby will not be refused!
has anyone else ever noticed that nearly every time a woman or gay man is mentioned on this board, many comments try to demean them in a sexual manner?
it's like, "Hey I lost a lot of money in the crash and missed out on this rally, but at least I'm a straight white protestant man, not like those c*nts and fags."
If you have to resort to that to feel good about yourself...
That's because this is ZH. It's all trash talk. These guys have been calling for a crash since March 30th.
"every time a woman or gay man is mentioned on this board, many comments try to demean them in a sexual manner?"
ur right, every time .......+1000
TD,
Whats up with the erratic Bid/Ask spreads in SPY (and all indices) since mid-day and continueing into AH?
TD,
Whats up with the erratic bid/ask spreads since nid-day and continuing into AH
i'm not td and am no expert on all the bid/ask ploys, but spy topped the list on the daily wsj selling on strength chart. i check that everyday and frankly, it rarely gives me any insight, but the amount sold off was heavy. in case your not familiar with it, it's at wsj, click on "markets", click on "market data", cursor over "us stocks" and look for selling on strength.
Thanks for that info DH--wasn't familiar with it.
One tenacle rebuffed, fourteen more up Frank's ass.
I'm resting easier. That's one less lobbyist having sleepovers at the Financial Services Committee. Only 746 more lobbyists to go!
I know that corporations are legally entitled to be considerd "Persons" within the law, but isn't it time to prohibit corporations from donating excessive campaign contributions?
It's not as if the corporate entity can actully pull the lever or mark an 'X' for any particular politician.
What next, should we give corporations the ability to register and vote(s) in elections based upon the number of employees?
Or, am I just being naive?
As we all know politicians will always answer to the biggest campaing contributors.
But since every person in the US that is considered a US citizen is limited to $2500 in campaign contributions, this should be applied to corporations acting as "persons" under our so called campaign laws.
Long been my belief that if "corporations are legally entitled to be considered "Persons" within the law," that when exhibiting psychopathic traits, incarcerated and commited to capital punishment as well.
http://www.colbertnation.com/the-colbert-report-videos/249057/september-15-2009/citizens-united-v--federal-election-commission---jeffrey-toobin
Yes, pretty please. for sake of appearances, don't hang out with us. You can still call us at home and walk our dog, babysit the kid for political favors instead....
Those 2 million plus must have scared poor Barney, the douchebag.
why do you have an add for ge on your site?
Because they bring good things to life????
Good God. How far did this guy cross the line to actually get banned?
He wanted to top Barney.
All he had to do was walk in the door. Frank isn't a complete idiot and knew he would be called out if Paese had been allowed to get near the committee--too many people are watching--and not just Huffington. Personally, IMO, I think anyone who goes to the street should be banned from lobbying for 10 years. I also think SOMEONE in Washington needs to address the issue that Goldman is still a bank holding company and getting free money. They no longer need the status, nor does Morgan Stanley. If they aren't going to take deposits, get em off the dole. Grrrrrr.
That's not what he meant by top, I don't believe...
"I also think SOMEONE in Washington needs to address the issue that Goldman is still a bank holding company and getting free money. They no longer need the status, nor does Morgan Stanley. If they aren't going to take deposits, get em off the dole. Grrrrrr."
Yes, yes, yes. absolutely correct. and why does GS still have ~ 28 billion in fdic backstopped bonds out there? that really fucking pisses me off.
Makes my blood boil DH!
me too, but there is so much more...
anyone think Barney's hijacking a cause in order to get said cause under control?
Holy shit TD, is that a GE F136 Aircraft engin commercial on the sidebar?
Make sure you click on it...GE should definitely spend their ad dollars here.
Staffer to staffer is the mix that guides.
Does anyone actually see this making a difference at all?
No. Squid gets what squid wants.
Ya it'll make the eventual screw off and stay screwed off that much deeper and more lasting.
curious. what caused SPY to whipsaw in AH's (a few minutes ago)?
Its just a lover spat, I'm sure they'll kiss and make up.
Barney's committee deputy staff director becomes one of Goldman's top lobbyist, and meanwhile, back at the ranch, Geithner's new chief of staff is a former Goldman Sachs top lobbyist.
Dizzy yet?
Have we also forgotten that the Fed hired a former Enron lobbyist to be their lobbyist? JFC, I hope Ron Paul get's it done.
Got to keep a close eye on Timmah. He's a weak link. Like that guy MacDonald they had to shoot in the head over the weekend. Anymore on that story about Rockefeller's head honcho? He blew his mind out in a car....
Apparently... he hadn't noticed that the lights had changed.
Must have been in some deep caca.
ah, ah.....ah, ah - A Day In The Life.
Smoke and mirrors. We'll make sure the press reports on one lobbyist we banned, while meanwhile we still let GS borrow at 0% for their hedge fund/HFT/SLP/flash trading/front running schemes and the FDIC still guarantees their debt and the Fed still lets them swap worthless paper for treasuries at par.
Don't forget about the free police brigade they are demanding for their new 200 West Street headquarters.
http://www.nypost.com/p/news/local/manhattan/city_to_unsafe_sachs_pay_for_protection_o7lBRDNpPO5uA5SBQuPYLO
Wow Mr. Anonymous, thank you for the wonderful quote!!!!!!!!!!!!!!
--could you please post this repeatedly for a few weeks or months to remind everyone of the healing quality and purity of truth, and justice?
The new William Wallace is practicing guerilla warfare these days. I saw him in the mountains.
Regardless as to what this might look like, the reality is that it was probably in the best interest of Mr. Frank to ban this lobbyist for a year, otherwise I can't imagine why he would have ever done it. I mean really, if there's nothing in it for Frank then why bother? There had to be some other underlying motivation for it.
Loud noisy people like Huff Post for one. Drudge for another. This has nothing to do with re-election IMO--it has to do with public outrage. Say what you will about Michael Moore but he is going to stir the pot even further with anti-squid sentiment. Matt Taibbi got it started for mass publication, Elizabeth Warren has her eyes wide open and she is no dummy, and I might add much of the world wants an answer to why they were made whole by AIG. Hank called Lloyd without waiver before his application for the waiver was applied for many times from the TSY office. Goldman has 98 out 100 monster trading days. The list goes on and this is not going to go away.
Yes, but for their limited wins of today, their heads will line the pikes of the new empire for uncounted miles.
Mandate of heaven will require the expiation of their transgressions. Indubitably so.
"...their heads will line the pikes of the new empire for uncounted miles."
Now that's something I want pictures of, even better, movies!
Barney is too busy with the brothel in the basement! LOL
OMG...Im having an Giant Acorn moment.
Grilled squid on pikes is fantastic.
Little garlic'll knock that fishy taste right out. Squid Benedict-Blankfein with bernaise is especially good.
I'm in this legendary thread
Is this corruption and cronyism really any worse than it has been, historically, or are we just more aware because of the net? Feels worse, but that could simply be the daily information beating we take. Speaking of the 30 mil, it always amazed me when I lived in Louisiana how relatively little it took in bribes for a given payoff. Observed from a distance, of course.
I'm sure it's a little of each, 1) we're much more aware of it and 2) it's probably bigger now because things are falling apart, arms are flailing about, citizens are mad etc.
It's suprising to me that the chairman has the authority to tell another member who they may or may not meet with beyond agreed upon parameters
Nothing will ever change until you have public funded elections and complete ban on contributions to politicians.
All smoke and mirrors.