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A Werewolf In Dollar's Clothing

Tyler Durden's picture




 

The only thing better than Alan Grayson? Matt Taibbi on Alan Grayson.

Turns out the vampire squid progenitor had gotten in some hot water with the Congressman way back when:

I  have personal experience with… well, let’s call it the unique personality
of Alan Grayson. In his capacity as an attorney he once basically
threatened to have me dismembered and have my body parts dumped in a
tin canister and fired into the center of a burning supernova. And
that’s actually underselling the real language he used. We were having
a disagreement about the use of information given to me by a certain
source in a story about military contracting, and in the middle of what
had been a normal contentious argument between two sane adults, dude
suddenly assumed this crazy monster-voice and just went medieval on me.
He was roaring into the telephone about how he was going to crush me,
how I was going to wish I had never messed with him, how I didn’t know
who the hell I was dealing with, and so on. One phrase I remember in
particular was, “I am going to strip the bark off of you!” It
came totally out of the blue and it was like being on the telephone
with a metamorphosing werewolf — the whole performance genuinely
freaked me out. I may even have peed a little, I can’t remember.

Yet it seems the Hunter Thompson of the bailout generation has managed to bury the hatchet:

When I heard Alan Grayson was running for Congress, I remember thinking to myself, That Alan
Grayson? The lunatic? It can’t be, I thought. I kept imagining trails
of half-eaten sheep leading to his campaign appearances. But it turned
out to be true. And when I checked, his platform turned out to be quite
sane and even kind of interesting. Then he got elected and I suddenly
started seeing his name attached to all of these calls for
transparency, various crusades for FinReg reforms, etc.

And now every time I see Alan Grayson, he’s tearing some freaked-out
bureaucrat a new asshole in the middle of some empty conference room in
the Capitol somewhere. I see the looks on the faces of these poor souls
and I know exactly what they’re going through. Which is just hilarious,
frankly. Especially since these people all tend to deserve it, like
this nebbishy little creep Alvarez quite obviously does.

And, as expected, at the end of the day the humor of the situation is not lost on Taibbi...

P.S. I should point out — I’ve gotten a couple of letters on this already — that by crazy,
I definitely mean Grayson sounds off his rocker when questioning
Alvarez. Although the Fed is certainly guilty of almost everything
Grayson accuses them of, the line of questioning is just bizarre. What
Grayson does here is sort of like asking someone to just admit to being
an axe murderer. Just admit it! Admit you murder people with axes. We all know what your denials mean! That said, this doesn’t mean we can’t enjoy the suffering of Alvarez in this exchange.

...Nor is it lost on the rapidly becoming a cult figure Grayson himself, who astutely realizes that just as silver is to werewolves, so the dollar is to the Fed. It appears when interrogating Bernanke's henchmen, what better way to distract them, than to prominently sport clothing featuring nothing less than the one symbol of modern capitalism hated the most by the Federal Reserve.

Alan Grayson featuring a werewolfian grin, and a tie

And, at the end of the day, when dealing with the only force in the world more powerful than the vampire squid, the only weapons available are humor and truth. Expect much more of both in non-mainstream media outlets near you.

 

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Sat, 09/26/2009 - 00:28 | 80270 Anonymous
Anonymous's picture

Thanks for the laugh!

If only it weren't so freakin' serious...

Sat, 09/26/2009 - 01:25 | 80293 SilverIsKing
SilverIsKing's picture

Grayson is a goofball...but he's our goofball.

Sat, 09/26/2009 - 07:35 | 80341 blueskyscottsdale
blueskyscottsdale's picture

Grayson is no goofball. He has a razor sharp intellect and he has the scum of our government in a pit bull's vice like grip. I want more Grayson's on Capitol Hill representing the people.

The Inspector General of the Fed and the Fed's Legal Counsel can't even tell you where the $1trillion the Fed has spent has gone. From C-Span:

http://www.youtube.com/watch?v=cJqM2tFOxLQ&feature=channel

http://www.youtube.com/watch?v=mXmNpdYpfnk&feature=channel

 

Sat, 09/26/2009 - 07:44 | 80342 Anonymous
Anonymous's picture

They know right down to the penny where the money went. They just pretend they don't know because then they would have to tell.

And that simply can't be allowed. It might upset the people who are paying for it.

Thu, 09/09/2010 - 03:03 | 571206 qrs521
qrs521's picture

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Sat, 11/06/2010 - 18:09 | 705628 sohbetme
sohbetme's picture

I like your ideas and thoughts. While chat and sohbet with my friends talking about it.

Sat, 09/26/2009 - 19:35 | 80574 chumbawamba
chumbawamba's picture

Yeah, but who is he really fighting for?

http://www.pjvoice.com/v45/45301grayson.aspx

I like it when politicians show some fucking spine.  I don't like it when they so oafishly express their fealty to a pissant foreign terror state.

I am Chumbawamba.

Sat, 09/26/2009 - 11:16 | 80390 Anonymous
Anonymous's picture

AG part Joker, McCarthy, Taz Devil, Werewolf.
Too bad he does not know more about finance.
Anyone care to adopt him?

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3251493

Sat, 09/26/2009 - 00:40 | 80274 Tripps
Tripps's picture

awesome! tiabbi rocks too

Sat, 09/26/2009 - 00:51 | 80277 Gordon_Gekko
Gordon_Gekko's picture

As long as Grayson is giving the CRIMINALS at the federal reserve a hard time, embarrassing them, making them look like idiots and criminals (which they are) - I DON'T CARE about his history or his private agenda (if any), although from the sound of it, looks like he's the exactly type needed for the job.The Fed is the enemy and Grayson is our friend. As long as fed officials get decapitated in public, I don't care who does it.

Sat, 09/26/2009 - 00:56 | 80280 percolator
percolator's picture

Right on, Gordon.

Sat, 09/26/2009 - 01:32 | 80295 Rick Blaine
Rick Blaine's picture

Exactly.

Sat, 09/26/2009 - 05:22 | 80328 narlah
narlah's picture

I absolutely agree with you Gordon !

The enemy of my enemy is my friend!

Sat, 09/26/2009 - 08:53 | 80351 Anonymous
Anonymous's picture

AMEN--
He has done a brilliant job of simply unmasking for the American people the INCOMPETENT twits that are in control of our financial system.

My question is--WHY is Grayson the only elected leader capable of this sort of direct, rational questioning???

WHY is Grayson the only one DEMANDING A SIMPLE ANSWER TO A DIRECT QUESTION??

Sat, 09/26/2009 - 13:50 | 80448 sgt_doom
sgt_doom's picture

Because normal and sane people don't normally seek power positions (Messrs. DeFazio, Kucinich, Feingold and Sanders being the exception).

And this is why we must always place limits on those in power!

Sat, 09/26/2009 - 22:23 | 80688 Anonymous
Anonymous's picture

Brad Sherman (D-Ca) is more capable than Grayson and is not such a stanky skank. The problem is these archaic imposed time limits - which the regulars who appear in front of Congress have figured out how to manipulate. There should be no time limits in matters as serious as these.

Sat, 09/26/2009 - 09:35 | 80361 Anonymous
Anonymous's picture

This is nothing but a hit piece on Grayson by Matt T cloaked in anti-fed speak. There's nothing more vicious than a dem on dem cat fight (particularly when one is a pit bull).

Sat, 09/26/2009 - 12:06 | 80407 Anonymous
Anonymous's picture

Let's just hope he is the real deal. The Den of Thieves is crafty

Sat, 09/26/2009 - 14:04 | 80457 Cursive
Cursive's picture

GG,

Yes, I agree.  I'm pro-Grayson and I like his badass pimpin' style.  It is also true that you don't get reform from a milquetoast wussie.  You gotta take a little bit of the good with the bad. A few years down the road, though, let's just remember the Boris Yeltsin saga.  We need Grayson now, we may not want him 8 years from now.  Give'em hell big Al.

Sat, 09/26/2009 - 23:14 | 80735 Anonymous
Anonymous's picture

We can only hope Grayson is America's Perseus and succeeds in beheading the vampire squid.

That said, I have known many civil servants and corporate suits with personalities similar to Grayson, and without exception, they were self-absorbed, narcissistic bullies. Therefore, my gut tells me The Honorable Mr. Grayson is simply grandstanding.

I have read his bio, and wager Grayson believes himself to be a tough guy. I know for certain those he is calling out cannot be exposed for what they are and will risk and do anything to protect their interests. Either Mr. Grayson is a reckless maverick who actually supports the citizens of the United States, or he's simply a head fake. I'm sad to say my money's on the latter.

Sat, 09/26/2009 - 23:19 | 80738 Sancho Ponzi
Sancho Ponzi's picture

We can only hope Grayson is America's Perseus and succeeds in beheading the vampire squid. That said, I have known many civil servants and corporate suits with personalities similar to Grayson, and without exception, they were self-absorbed, narcissistic bullies. Therefore, my gut tells me The Honorable Mr. Grayson is simply grandstanding. I have read his bio, and wager Grayson believes himself to be a tough guy. I know for certain those he is calling out cannot be exposed for what they are and will risk and do anything to protect their interests. Either Mr. Grayson is a reckless maverick who actually supports the citizens of the United States, or he's simply a head fake. I'm sad to say my money's on the latter.

Sat, 09/26/2009 - 00:53 | 80278 chindit13
chindit13's picture

"I kept imagining trails of half-eaten sheep leading to his campaign appearances"

First vampire squid, and now this line.  Taibbi might leave behind an amusing body of work when all is said and done.

Tyler, you might post a photo of the Tasmanian Devil next to Grayson's picture here.

As much as I like to think Alvarez was squirming because the line of questioning was treading on sensitive ground, I rather think he was squirming due to the realization that democracy actually might be demonocrazy.  Alvarez may well have been wondering if Grayson had gotten the all clear from a mental health professional before putting himself before the electorate. Maybe it is just an unfortunate personal style, but Grayson did seem a hair's breath away from madness, and that is why Alvarez was uncomfortable.

The entire debate over Fed auditing suffers a bit because of the folks involved in supporting it.  Bachman asks good questions, but is easily discredited due to her religious fanaticism ("when I fasted for two days god told me to run for office").  Grayson, as Taibbi points out, has a lunatic streak. 

Sometimes I wonder if this whole "Audit the Fed" isn't a false flag to draw out the loons thus guaranteeing nothing ever gets done.

Sat, 09/26/2009 - 00:59 | 80282 Gordon_Gekko
Gordon_Gekko's picture

So what do you want of people who want to audit the Fed - BEND OVER?

Sat, 09/26/2009 - 06:42 | 80333 chindit13
chindit13's picture

After further consideration, and after the better part of a nice Barbaresco, I must admit that getting it done (transparency or dissolution) is the key thing, whatever it takes and whomever it takes.  Mea culpa.

Time to go Machiavellian;  the end justifies the means (and the meanies).  If Grayson can strike fear in Matt Taibbi, maybe he can get Bernanke to remember minor details such as discussions to pay out tens of billions in AIG CDS' to GS and their ilk, or the details leading up to BAC's purchase of MER, and who borrows what under what terms.

Sometimes I wonder what possessed us to let this absurdity go on for as long as it has.  A semi-public, semi-private institution answerable to no one and dealing at much less than arms length with its owners sets interest rate policy, creates money, purposely debases our currency, and enriches its owners obscenely at the expense of the citizens.  Then it gets all self-righteously indignant when the elected officials of the country want to take a delayed peek into its (malfeasance) activities.

Congressional hearings and GAO audits are the epitome of politeness compared to what should be done.

 

 

Sat, 09/26/2009 - 08:59 | 80352 Anonymous
Anonymous's picture

I would be really curious about the legal ramifications of "rogue" actors on binding the citizenry of the country. In other words, might it be possible to play the blame game and effectively default due to agents (e.g. Ben) clearly exceeding their authority? Interesting...

You all have to remember that the powers that be have multiple escape plans and, regardless of what happens, they'll be covered one way or the other (we may just force them into a lesser desired outcome). Obviously Ben & Co. are not on a crusade for themselves, just like Bawney Fwank and the lot aren't on a crusade for themselves... they're all just dancing to someone else's strings... In other words, not only do we have to cut the strings, but we have to find the puppeteers and ensure they can never remotely do the same. (for example, what if the yuan becomes the world's reserve currency, china democratizes just a little more (or not) and they set up shop somewhere else? Same shit, different country).

I also have to wonder what is step two of the equation? Let's say an audit found the FED to be the epitome of evil and conducting every illegal transaction known to man. Then what? How do we remove ourselves from (a) the damage done and (b) institute bi-partisan, universally creative, fundamental, and material change? and (c) how do we police any new regulatory scheme when our regulators have proven themselves absolutely inept at every step of the way? Just curious what we do after we find out what we already know... (aside from going to sleep with a smile on our collective faces).

Sat, 09/26/2009 - 13:30 | 80436 bonddude
bonddude's picture

They (politicians and GS, etc...) always new they would socialize the losses so the leverage party continued after the LTCM debacle.

Additionally, if Barbaresco increases your consideration quotient then I would prescribe a nice 2004 Barolo to kill the pain. It works for me...especially if I'm sitting in Barolo.

Sat, 09/26/2009 - 15:09 | 80485 chindit13
chindit13's picture

It was a '99 Moccagatta Bric Balin Barbaresco.  Can't beat Nebbiolo grapes.

Sun, 09/27/2009 - 09:31 | 80835 bonddude
bonddude's picture

cin cin

Tue, 05/11/2010 - 05:33 | 342641 velobabe
velobabe's picture

your profound, utterly profound.

i yearn to read your words and thoughts.

i really like your early authoring.

i admit to having to almost google everything that you say.

but hey, life is a learning trip. interesting what motivates humans to capture another's thought, and to create it into their own. i think that is what you do for me.

i don't read books much, obviously, but i enjoy your writing style and expression, with humor i adore, and where it takes me. so, i can say you are one of my favorite authors at present.

 

babe, it is so dysfunctional†

Fri, 05/21/2010 - 06:42 | 343004 velobabe
velobabe's picture

just cause.

Sat, 09/26/2009 - 19:05 | 80562 Gordon_Gekko
Gordon_Gekko's picture

I could not agree more.

Mon, 09/28/2009 - 04:07 | 81227 agrotera
agrotera's picture

chindit13--i was sadly shocked by your first post--this one is better. 

While all the think tank type discussions about our financial institutions are taking place and moving the ball forward for to maintain groupthinkthinktanks, we are all suffering all kinds of legalized criminality....and we are supposed to be polite?

Sat, 09/26/2009 - 12:24 | 80411 Hephasteus
Hephasteus's picture

It's control bullshit. It's like when you jump on someones shit and they go. Nobody talks to me like that NOT EVEN MY MOTHER. And your like. Well hell yes people talk to you like that. I'm doing it. Am I so SPECIAL?

You see the interview. You see the lawyer acting like a PR guy for the FED talking to children. "Well that information is available on our website" trying desperately to conform the interview back to what he's used to. Stupid uninformed childish congress people who don't understand the FED or what it does.

They do not want an 800 lb gorilla that KNOWS what they are up to in their face. It doesn't fit with thier passive aggressive agenda. They will pick at him from every angle. It's a control freak dance off. The "show" of being a cooperative informing public servant doesn't know the dance steps.

Sat, 09/26/2009 - 01:29 | 80294 Anonymous
Anonymous's picture

with "friends" like you i am sure nothing will
happen....

Sat, 09/26/2009 - 06:43 | 80335 I am a Man I am...
I am a Man I am Forty's picture

Long live the "loons".

Sat, 09/26/2009 - 09:36 | 80362 DrPsycho
DrPsycho's picture

To me, Grayson is  reptilian, but as others say, since he's doing the henchman's job on the Fed/Treasury, he's OK by me.  He certainly lacks any of the fear that seems to restrain other congresscritters from asking important questions.

 

BTW, here's a Sept 24 interview with Neil Barofsky, by HuffPo:

http://www.youtube.com/watch?v=BvwKzF6TLKo&feature=player_embedded

 

Talk about being marginalized.......we never hear about him on MSM.

Sat, 09/26/2009 - 10:33 | 80371 deadhead
deadhead's picture

DrP....I read HuffPo and check in several times per day.  I saw that story and note to my fellow ZHers that it was front page, more on that in a sec as this matter is my main point.  I also note that in my view, HuffPo is MSM for the Obama base....maybe even moreso than the old grey lady.

HuffPo is clearly, without doubt, the home of the Obama worshippers and is so very widely read, I would consider it a major cornerstone of the "new" MSM.  The most interesting and consistent disconnect I witness on HuffPo on a daily basis is the Obama worshippers' intense hatred of the wall st gang and vehement opposition to TARP, the FED, Geithner, Goldman the vampire squid, etc.  They know intuitively that this is Obama's team, yet they cannot (refuse?) connect him directly to that group somehow and hold him responsible for the economic/monetary/fiscal policies that have developed under his watch. In other words, they seem to give him a pass on this particular issue, probably because of other issues they view with more passion, i.e. health care, cap/trade, etc.

I submit that this group will make the connection very, very soon and when they do, Obama has a big choice; his base or the cheat street gang.

Watch very closely the writings of Arianna, the leader of this group....she has been blistering the Obama admin with regards to the banking/wall st crises and she does not suffer from the disconnection that her readers do.  I also remind folks that this leader of the house of Obama had always been an economic conservative.

If she continues to rile her followers in the fashion that R.Paul/Grayson et. al. do with their group, cheat street might really get hammered and the Fed will be shitting its pants. 

Sat, 09/26/2009 - 11:32 | 80399 AN0NYM0US
AN0NYM0US's picture

+1

you have nailed it

Sat, 09/26/2009 - 12:24 | 80410 Anonymous
Anonymous's picture

Bingo. HuffPosters seem more interested in blaming previous administration and...err.."30 Yrs of Republicans".

Blame followed by excuses. There is culpability on both sides, but mostly with We the People, because silence equates to the Consent of the Governed.

Mon, 09/28/2009 - 04:14 | 81229 agrotera
agrotera's picture

It is bizarre that they can't make the connection--

Dear Huffsters, think back...Obama took almost THREE weeks to deliberate with tiny Tim on what to DECLARE about his approach to the banking crisis...CLEARLY he could have said, " What was done in the fall was a crime against the country, and we will be investigating and calling back the TARP, and asking congress for the authority to any of the institutions that can't find a buyer for their sorry ass pieces if they are broken." BUT NO, he said that he and his administration plan to follow the Paulson/Bernake plan which makes OBAMA AN ACCOMPLICE TO THE BAILOUT BANKHEIST.

 

Sat, 09/26/2009 - 12:44 | 80418 DrPsycho
DrPsycho's picture

"They know intuitively that this is Obama's team, yet they cannot (refuse?) connect him directly to that group somehow and hold him responsible for the economic/monetary/fiscal policies that have developed under his watch."

 

DH, characterizing a whole diverse group such as those who voted for Obama (myself included) in this way ("they" know intuitively ? !!!! WTF ! how would you know what anyonbe else knows "intuitively" ?) is intellectually indefensible and basically dishonest, and undercuts the validity of other points you're trying to make.

 

That said, I am one of those "Obama worshippers" (i.e. I voted for him.....but have an almost lifelong skepticism about any politician), and am very distressed with the way he's handling this economic situation.  He is clearly tied into Wall St interests through Geithner, Summers and of course, Bernanke, and I see his policies as an extension of GWB's ruinous rule.

He will  certainly be a one-term prez if he continues on this path, if I have anything to say about it......one vote that is.

Sat, 09/26/2009 - 13:56 | 80454 sgt_doom
sgt_doom's picture

How can anyone still believe in Obama (excepting stinking Cheney lovers) after his appointments - the most anti-worker, anti-union types in the known universe:

Diana Farrell (it is no exaggeration to say she wrote the book on "OFFSHORING"), Laura Tyson (remember her part in NAFTA, now director at Morgan Stanley), Richard Holbrooke (He hearts Henry Kissinger), Robert Hormats, Gary Locke, Rahm Emanuel, Mona Sutphen, Tara O'Toole, etc., etc., etc.

When you appoint primarily Wall Street lobbyists and biopharmaceutical lobbyists, that says it all......

Sun, 09/27/2009 - 23:40 | 81174 Anonymous
Anonymous's picture

Tara O'Toole is not a fait accomplit as yet for the Obama administration, her Senate confirmation is still pending. Legitimate questions continue to challenge her approval as Director of Science at Homeland Security, given her propensity to be bullish dooms day scenarios and of course, like so many, a proverbial link to lobbyists (bioweapons/biopharmaceuticals etc).

Obama and Congress should think hard before affirming O'Toole's nomination. We need a straight thinker as science director, not one prone to exaggeration at the helm of bio weapons/biopharmaceutical interface.

The Novel H1N1 mass vaccination may play a roll in determining federal and state mandatory inoculations. It's not a giant leap to imagine extrapolation of mandatory inoculations to bioterrorists vaccines, if the wrong person is at the helm at a pivotal time.

Sat, 09/26/2009 - 13:58 | 80455 bonddude
bonddude's picture

The one glaring takeaway from the operations of this administration is that there is ONLY ONE PARTY in American politics. And they allow the game of being for this or that cause. Clearly, if you look at the overall financial and military policies between Bush and Obama I really don't see much difference. The bankers ARE firmly in control. That said it does seem that Barofsky is honest. As for Grayson, I like his playing the foil but we'll see how it turns out.

Sat, 09/26/2009 - 14:01 | 80456 deadhead
deadhead's picture

DH, characterizing a whole diverse group such as those who voted for Obama (myself included) in this way ("they" know intuitively ? !!!! WTF ! how would you know what anyonbe else knows "intuitively" ?) is intellectually indefensible and basically dishonest, and undercuts the validity of other points you're trying to make.

It would be incorrect of me to characterize an entire "whole" group in one particular fashion, as any large diverse group has differences and my words suggested absoluteness.  I will amend my characterization of "they" to the "extreme, vast majority".

I'll pass on the intuitive matter but will object to "basically dishonest".

I'm delighted to see your thoughts as evidenced by your paragraph 3 & 4 and hopefully the "they" I refer to will follow along the route you have mentioned.

Sat, 09/26/2009 - 16:07 | 80513 MinnesotaNice
MinnesotaNice's picture

I agree with you... I read HuffPo at least once a day... and there is a disconnect... they are not all singing the party line for Obama... and he will have to make a choice... nice way to summarize it... either "his base" or the "cheat street gang"

Sat, 09/26/2009 - 16:24 | 80519 Anonymous
Anonymous's picture

we like to lurk around huffpo as well (just to get a sense of which way the wind is blowing around the wizard's posse) and we agree completely with DH's summation.

lady huff is no dummy and she's successfully spun her web right into a corner of the oval office where she can whisper into the other ear that's not listening to the garbage spewing from fat larry & tiny tim.

but up to now, O's been able to successfully walk the tightrope without falling on his face in front of the only people him (or any politician) cares about...his base.

which is why we could to believe it is extremely important to get HR 1207 without material change to its current form onto O's desk.

for that will be the day he has to make that choice that DH refers to -- no more smoke & mirrors. the curtain will be pulled so that even the blindest can see.

Sat, 09/26/2009 - 21:08 | 80624 deadhead
deadhead's picture

she's successfully spun her web right into a corner of the oval office where she can whisper into the other ear

i'd like to hear more about that....via axelman? the prick?  interesting thought, never picked up anywhere that she slid inside at all.....thanks for observation.

Sat, 09/26/2009 - 12:29 | 80414 Hephasteus
Hephasteus's picture

There they go with the fungibility rap. Which basically means they are converting things over and over in shell games. Fungibility to the FED means don't figure out what we are doing with all these carry trades.

Sat, 09/26/2009 - 14:11 | 80462 Cursive
Cursive's picture

Chindit,

 

Thinking the same thing.  He may be the Thomas Nast, or more appropriately, the Upton Sinclair of our times.

Sat, 09/26/2009 - 16:31 | 80524 Anonymous
Anonymous's picture

Who *isn't* a hair's breath away from madness these days? It's hard to grasp what the Fed is actually doing to this country and her citizens without feeling a little batshit crazy once in awhile.

Sat, 09/26/2009 - 00:53 | 80279 percolator
percolator's picture

Too funny.

Sat, 09/26/2009 - 01:12 | 80284 Anonymous
Anonymous's picture

He looks like the joker!

Sat, 09/26/2009 - 01:14 | 80285 pigpen
pigpen's picture

We need more Taibbi and Grayson. Honest lunatics and insanity are just what the doctor ordered.

Sat, 09/26/2009 - 01:19 | 80287 Anonymous
Anonymous's picture

from http://en.wikipedia.org/wiki/Alan_Grayson

In early 2009, Grayson responded to controversial comments by talk radio personality Rush Limbaugh, in which Limbaugh stated that he wanted President Barack Obama "to fail" when Rush said "Look, what he's talking about is the absorption of as much of the private sector by the US government as possible, from the banking business, to the mortgage industry, the automobile business, to health care. I do not want the government in charge of all of these things. I don't want this to work. So I'm thinking of replying to the guy, "Okay, I'll send you a response, but I don't need 400 words, I need four: I hope he fails."..." by saying, "Rush Limbaugh is a has-been hypocrite loser, who craves attention. His right-wing lunacy sounds like Mikhail Gorbachev, extolling the virtues of communism. Limbaugh actually was more lucid when he was a drug addict. If America ever did 1% of what he wanted us to do, then we'd all need pain killers."

On March 3 of that year, satirizing incidents in which prominent Republican officials (including Republican National Committee Chairman Michael S. Steele) were forced to apologize to Limbaugh for criticizing him, Grayson released a second statement, in which he said, "I’m sorry Limbaugh called for harsh sentences for drug addicts while he was a drug addict. I'm also sorry that he’s bent on seeing America fail. And I’m sorry that Limbaugh is one sorry excuse for a human being."

I believe this is called "going Fox News on somebody", but when done by the good guys it's pretty funny...

Sat, 09/26/2009 - 02:11 | 80307 Anonymous
Anonymous's picture

It burns my *ss that it is almost impossible to find a workplace where men are not listening to Rush Limbaugh at work. No wonder they got so dumbed down that they let the banksters steal the country out from under them.

Sat, 09/26/2009 - 19:24 | 80568 i.knoknot
i.knoknot's picture

It burns my *ss that it is almost impossible to find a home where folks are not listening to Obama on Letterman. No wonder they're so dumbed down that they're letting him and his marxist czars convert the USA to socialism...

Sun, 09/27/2009 - 07:45 | 80825 Anonymous
Anonymous's picture

The Czar meme is a badge of stupidity. Yes they had Czars in Russia, but not in the USSR.

Fri, 05/21/2010 - 06:30 | 365245 i.knoknot
i.knoknot's picture

i'd say touche', but the czar reference is actually from FDR's own staffing, and used by them to referrence their own dept heads.

Fri, 05/21/2010 - 06:41 | 365253 velobabe
velobabe's picture

your up early, WTF†

scared the shit out of me. going back to bed.

Sat, 09/26/2009 - 01:19 | 80288 Mediocritas
Mediocritas's picture

@chindit13, haha, you absolutely nailed it, Grayson really does look like (and behave like) the tasmanian devil

http://upload.wikimedia.org/wikipedia/en/a/a3/Taz.png

From this day forth, he shall be known as Alan "Taz" Grayson

Sat, 09/26/2009 - 01:19 | 80289 lizzy36
lizzy36's picture

humor, truth and a dose of hyperventilation.....lovely.

strong buyer of the lunatics! (after all i am here everyday).

Sat, 09/26/2009 - 02:06 | 80305 Spartacus
Spartacus's picture

Let me say a few words about Alan's behaviour. This guy is honest when he speaks. "The words are his feelings". People call these characters lunatics because  outbursts are not seen around in THAT society. In Afghanisthan, firing 15 rounds at another humanbeing on some pretext or other is NOT a sign of "lunacy". It is acceptable. having said that,I feel a little uncomfortable after Taibi's narration. It is disturbing to know that Taibi risked being lynched by a would be congressman! Is it possible that Taibi's persistent behaviour" could drive anyone crazy with his "persistent nigging( I admire Taibi' thoughts,but ,when overdone, it can drive people crazy). Insanity is a state of mind which can be swithched on and off. I am for "insanity" when used  for saving the lives of the general public". To hell with sane rascals at the FED and the Banks. Cheers

Sat, 09/26/2009 - 13:44 | 80446 Anonymous
Anonymous's picture

Those who feel the
breath of sadness
sit down next to me
Those who find they're
touched by madness
Sit down next to me
Those who find
themselves ridiculous
Sit down next to me
In love, in fear, in
hate, in tears
In love, in fear, in
hate, in tears
In love, in fear, in
hate, in tears
In love, in fear, in hate

the James. "Sit Down"

Sat, 09/26/2009 - 02:32 | 80315 Anonymous
Anonymous's picture

Lizzy, will you please share your lunatic bench with me?
Cheers,
Pigpen

PS - I get cut out to too many scenes in this gig, also why can't I have a speaking role?

Sat, 09/26/2009 - 01:20 | 80291 Anonymous
Anonymous's picture

His children are named Skye, Star, Sage, Storm and Stone. Storm and Stone are twins.

Sat, 09/26/2009 - 01:23 | 80292 Bthewee
Bthewee's picture

OFF subject - Sorry

But you guys will have fun with this - VAT tax in the on-deck circle


Sept. 25 (Bloomberg) -- John Podesta compared the nation’s current budget crisis to the situation former President Bill Clinton faced in 1993 and said some form of a value-added tax is “more plausible today than it ever has been.”

“There’s going to have to be revenue in this budget,” said Podesta, Clinton’s former chief of staff and co-chairman of President Barack Obama’s transition team, said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing today.

A so-called consumption tax would “create a balance” with European and Japanese economies and “could potentially have a substantial effect on competitiveness,” said Podesta. Value- added taxes in Europe and Japan encourage savings by taxing consumption.

Podesta said such a tax may be regressive, but can be balanced by exempting some products and using “the money to support low-wage workers.”

http://www.bloomberg.com/apps/news?pid=20601070&sid=aGxdXdfWrZ7o

 

Sat, 09/26/2009 - 01:51 | 80301 Hephasteus
Hephasteus's picture

He needs more threats. Let's help.

I'm going to shove your ass into a rocket. Shoot you into the middle of the galaxy. Kick your ass out and make you WALK home.

Fuck you. Fuck your ancestors. Fuck your children. Fuck everything you've ever been and everything you'll ever be.

Sat, 09/26/2009 - 09:54 | 80364 Village Idiot
Village Idiot's picture

Or this classic: "I'm going to rip your head off and shit down your neck."

Sat, 09/26/2009 - 02:03 | 80303 Anonymous
Anonymous's picture

Delicious, when someone likes Grayson gets the jigsaw puzzle pieces put together and realizes WHO he was put on this planet to scalp. Go get 'em, T-Devil! Also, what a show! You can't make this stuff up. It must be one reason life is worth living. :-)

Sat, 09/26/2009 - 02:06 | 80304 Intuition
Intuition's picture

I've concluded that it takes a good bit of lunacy to recognize the truth about the world in which we live. I'm deeply skeptical of Grayson (as I am with nearly all congressmen) but as long as he keeps excoriating the banksters at every opportunity, I'll just be glad he's on our side.

Sat, 09/26/2009 - 02:14 | 80308 arnoldsimage
arnoldsimage's picture

all this jawboning is fine; however, the money is gone. this country has been looted and all the arguing and examinations isnt going to do one bit of good as far as getting it back. it's all a show. we lose. there is a dictator in the house and no one in congress cares. in fact they didn't care that 300-1 constituents complained against tart, talf and everything else. all media is bought and paid for. wall street incredibly crooked... even worse than before. you can't tell the sheep to wake up any longer because they are not listening. game over. the only solution left, in order for anyone to take notice, is going to have to be some spilt blood. sorry, that's they way these things play out. our country has been suicided. 

Sat, 09/26/2009 - 07:08 | 80336 Sardonicus
Sardonicus's picture

I agree

Sat, 09/26/2009 - 08:14 | 80348 RatherBFlying
RatherBFlying's picture

Bullshit. There is a paper trail to all this looting and we can prosecute and jail the fuckers that participated. And we can kick the corrupt politicians and bureaucrats out of their cushy offices and never listen to them again. And then we can do what we eventually have to do, which is default on the debt and start over.

This country is only "suicided" if we continue to allow the corruption to exist and we end up paying for the mistakes of these bastards.

Sat, 09/26/2009 - 11:08 | 80388 Anonymous
Anonymous's picture

No paper trail when it's all electronic, files purged
and memory destroyed...

Sat, 09/26/2009 - 15:20 | 80492 RatherBFlying
RatherBFlying's picture

Ask Ollie North how that worked out for him.

Besides that, there were two sides to every one of these transactions. And on the private side, if you destroy those records, you just committed a criminal act.

There are lots of reasons to sit on your fat butt and do nothing. But action is the only way we are going to get out of this.

Sat, 09/26/2009 - 18:33 | 80550 D.O.D.
D.O.D.'s picture

"Ask Ollie North how that worked out for him."

Yeah, he's not that hard to find, he works for fox news now...

Sun, 09/27/2009 - 15:56 | 80993 Hephasteus
Hephasteus's picture

I don't see how anyone can work with him. He always looks like he is confused about something. I'd think everybody would be wasting time telling him stuff 5 times because his face ALWAYS says I don't understand.

Sat, 09/26/2009 - 19:29 | 80572 i.knoknot
i.knoknot's picture

sorry, the first dollar given starts as a "known". Track it along until some CEO who got that dollar starts the 'i don't know where it went' game. Then start the hanging. They'll figure it out soon-enough and dig out those backup tapes.

Sat, 09/26/2009 - 22:26 | 80692 Rusty_Shackleford
Rusty_Shackleford's picture

Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin to slit throats.

H. L. Mencken

Sat, 09/26/2009 - 02:26 | 80312 Anonymous
Anonymous's picture

Grayson, in a recent video, comes across really weak and ineffective. He's got the right idea, but he needs to get some counsel, some help, to help pin down those he's trying to hold accountable.

Sat, 09/26/2009 - 02:36 | 80316 Anonymous
Anonymous's picture

It is scary that the only congressman capable of putting these tough questions to the Fed is this loon. On one hand, the "questions" are absolutely right. On the other, his approach will turn off many of the people that need to be convinced.

Sat, 09/26/2009 - 02:48 | 80317 Anonymous
Anonymous's picture

Check out the tie.

Sat, 09/26/2009 - 03:47 | 80322 defender
defender's picture

The first time that I saw a video of Alan Grayson, I thought to myself "Here is a man thats greatest pleasure is pulling the wings off of flies and watching them squirm."  Right now there is a definite need for men like him to bring the corruption out of the system.  I shudder to think of what will happen when that need has diminished, or he gets to where he likes using his power too much.

Sat, 09/26/2009 - 04:29 | 80324 Anonymous
Anonymous's picture

its in French sorry. from a leading daily newspaper.

http://www.liberation.fr/monde/0101593367-250-milliards-de-dollars-en-bo...

a new story about 116bn $ worth of fake UST bills seized in Italy (remember the story in August ?). It seems Filipinos (again ?) are involved, they are imprisoned in Genoa.

i still cant figure out how this scam is working. are they trying to sell billions of fake UST to Alzheimerian rich Italian or Swiss widows for a small Euro donation ???

anyway that could be an indication to where EUR/USD will be trading after the mighty USD crash...

Sat, 09/26/2009 - 04:34 | 80325 ratava
ratava's picture

Having this guy eviscerate the Fed bastards. Fine with me.

Giving him any sort of political power. More than he has now anyways. No way.

 

This is the type of person who would immediately turn his back on us after arriving to power and start looting even worse.

 

Sat, 09/26/2009 - 05:05 | 80327 vicelord
vicelord's picture

During his Grand Inquisition of Alvarez, when he's asking him if the FED ever tries to manipulate the Stock Market or the Futures Market, he asks him who "executes trades for the FED?" and after being given the runaround, Alvarez lets it slip that the FED uses "primary dealers" to "ensure market stability" and Grayson says, "Ah-HA!  Which primary dealers?" and Alvarez's 1st response is none other than.... "JP Morgan/Chase."

 

It's about 3:35 seconds into this clip.  

 

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

 

So, after months and months of ZH posting those screen shots of those enormous blocks of SPY being bought by JPM, we can venture to guess exactly who they're being bought for.  The dots have finally been connected.  There you have proof positive the FED is helping to prop up the market.  

 

Now, the question is is are the other investments banks in on this?  Do they all act in concert with one another?  Like, for instance, does GS know in advance exactly when JPM is going to make these enormous buys of SPY and at the same time do they go around buying for instance enormous baskets of DOW 30 stocks, while SST buys oh let's say enormous amounts of $ES-F?  

Because, if they were, that would be criminal.

Sat, 09/26/2009 - 06:38 | 80332 chindit13
chindit13's picture

I believe Alvarez was referring to OMO's in the money market and Treasury market.  That is what Primary Dealers do, and are required to do to maintain their PD status.

Now if Grayson had been more specific and pointed, as many have suggested here, we might have gotten the answer you think we got.

Sat, 09/26/2009 - 05:34 | 80329 Anonymous
Anonymous's picture

The one glaring point that I care to bring up, hopefully reversing the inflation/hyperinflation, asset holding thesis is this exact vid. The death throes of the dollar and the fed will not be amicable, that much can be agreed upon. Using that logic as a base, the fed could easily create a deflationary policy and thwart all compelling arguments creating a squeeze in yet another illiquid asset with a buy the dip mentality (gold bugs that is for y'all).
So the question is "Could a trade ready thesis be formulated around a fearful fed?" Over their dead body I am sure.

Just a morning thought, closest to the matrix in the morn...

Sat, 09/26/2009 - 06:34 | 80331 Mediocritas
Mediocritas's picture

A lot of people talk about Grayson sounding like a loony...but that means I must also be a loony because I couldn't find fault with anything he said.

Personally, I think he's a much better attack dog than Ron Paul. Paul rambles too much, has a wimpy bark and no bite. I would like to see all the allies in Paul's trench just shutup and yield their time to Grayson. Give Taz a full half hour to roll white phosphorus into Count Fedula's lair.

Sat, 09/26/2009 - 19:45 | 80577 i.knoknot
i.knoknot's picture

+1

Careful out there. Noting that his so-called 'looniness' roots from an article from a seemingly "balanced" reporter... (note the inherent oxymoron anyone?), careful not to let them frame this man for you. There are no accidents. It's what they do. And it works on most people.

Watch him yourself, decide for yourself, think for yourself. Otherwise you're letting them "drive", and you've seen how well that has worked for this country this year (and 1930s germany/russia...).

I would use the same technique - here and now - to set the image of a wolf, when you see this man at work. grayson, wolf. grayson - wolf. grayson - wolf.

Isn't that amazing how you think of a gnarly wolf when you hear the name Alan Grayson now? Sharp teeth too.

My work here is done.

Sat, 09/26/2009 - 07:16 | 80337 Sardonicus
Sardonicus's picture

We are in trouble because this is America

http://www.peopleofwalmart.com/

You can scroll for hours looking at these people and suddenly it will dawn on you that smart, logical, rational, and informed people with critical thinking skills are outnumbered very badly.  These people are not freaks.  If you ever go in any wal-mart you could find one yourself in less than 3 minutes.  This is what America has become.  We have finally been dumbed down to oblivion. 

After looking at all of them, the next thing you know you will start questioning the concept that mankind is God's delight and realize that there is a reason other intelligent life in the universe has never shown itself to us.

The average dildo who gets up and works hard every day has no idea what goes on, how it all works, or that nobody is looking out for him.  They assume it will all work out, that somebody will fix it and that it will be all better someday soon.  All the while he is getting made poorer and poorer with fewer prospects and places all his hopes in government cheese and federal tits.

The average person knows nothing of what we talk about here daily and will never learn.  Americans have gotten too fat, dumb, and lazy to march with pitchforks.   People think signing petitions and marching with clever signs is meaningful.  They are not. We live in a sound-byte world now.  Anything that happened 5 minutes ago is over.  We have become a nation of Wal-Mart shoppers for Jesus that would rather drink beer and watch Nascar on a TV, and in a livingroom full of shit, made in China than truly fight for our Republic.   You don't need tea parties, you need to have goddamn shanty towns in front of every congresspersons district office with 24/7 tea parties/marshmallowroasts/tailgate parties.  Most people will spend more time waiting outside of a wal-mart for a $300 laptop than they will spend trying to change something that matters to this country.

The only way to effect change is through education.  Not the kind schools provide.  Everyone needs to go out and adopt an idiot and mentor them on crtitical thinking skills and how to vote with their lifestyle, their choices, and actions DAILY, not by pulling a lever and hoping for change, merely signing a petition once in a while, or getting on a bus for yet another tea party.  Make an effort to change a person and only then will you change the world.

goddammit it's gonna be a bad day.  I am grumpy early!

Sat, 09/26/2009 - 09:22 | 80357 Cheeky Bastard
Cheeky Bastard's picture

i have no idea how this post got 0 reply. you summed it up brilliantly Sardonicus. So very true. When you take a look at a percentage of people who have medium or high reasoning and thinking skills the notion that things will get better simply goes away when you see the general population and the way they are. Jesus fucking Christ, there is no hope. I say, let there be some comet which strikes us, kills us all, and leaves the planet dead for millions of years. Maybe next time, evolution will get it right. God fucking damn, now im pissed as hell.

Sat, 09/26/2009 - 09:48 | 80363 Anonymous
Anonymous's picture

CB -

You are right. This is a great summary of the current state of play. But I think the suggestion that educating people is the only path forward is the right one. In my experience people do want to learn what is going on, but they need someone to calmly and persistently explain how things work.

The only thing wrong with zerohedge, in my opinion, is the stop-start level of advocacy in its day to day operation. Complaining about insider trading is fine, and the Tylers appear to have some impact on things like the Perot fiasco. But every story - every single one - should have direct links to forward stories to elected officials, MSM reporters, regulators, DIGG and other news aggregators, and anybody else relevant to the situation.

Its not the same thing as marching with pitchforks, but we need to spread the only wealth that matters in a democracy - information.

Not as nihilistic as your idea, of course. But perhaps a start. I do have hope for a better day, a better system, a better economy. But that better situation will take time and a lot of work and a lot of advocacy. ZH can be that voice, but its time to leverage this site into something bigger than the walled garden of insightful individuals (of which I consider you the leading light).

I tell everyone I know (and I sit on a trading desk at a major Wall Street firm) to read this site. There is so much information that you just do not find anywhere else. Yes, it took the Tylers too long to understand how massive Fed liquidity injections would ramp stocks. But their market calls are in my opinion a sideshow to the central message, which it reliably on point and generally well expressed.

I would like to see a day when ZH is reliably in the top 50 sites on alexa.com. If we - all of us - get behind that effort I think you will see a lot more of what this community wants to see: more market transparency, a better monetary policy, and more accountability in this country's private sector.

Sat, 09/26/2009 - 20:17 | 80594 ToNYC
ToNYC's picture

Indeed..a little flavor on the chatter at the interdealer brokers spinning junk and CDS and other questionable paper as they trade dirty laundry and old maid cards before the reg-u-laters come for a look-see would be a treat at ZH..I miss the heads up having "stepped off the desk."

Sat, 09/26/2009 - 10:38 | 80375 Anonymous
Anonymous's picture

+1

Sat, 09/26/2009 - 12:49 | 80419 Gubbmint Cheese
Gubbmint Cheese's picture

Cheeky -

I remember listening to Harry Dent talk about the markets and politics in the mid 90's - one thing he pointed out then was that the political fabric of the country was decided by these very same 'people of wal-mart' - He quite correctly pointed out that there are tried and true republicans, and loyal democrats - and then a group of 'swing voters' who go back and forth depending on how they feel about a candidate. Many of these swing voters also believe Elvis is alive, WWF wrestling is real and enjoy eating cheese that comes out of a spray can. So there you go - THAT is who tips the scale and influences who are leaders are: Wal-mart shoppin' spray cheese eaters!

 

 

Sat, 09/26/2009 - 10:06 | 80366 AN0NYM0US
AN0NYM0US's picture

"Everyone needs to go out and adopt an idiot"

 

your post should be a contributor article - please submit it - it is brilliant and sadly it is true

Sat, 09/26/2009 - 16:00 | 80509 Sardonicus
Sardonicus's picture

I don't think ZH needs me as a contributor.  I don't think I have what it takes and they don't need what I have.  Happy to be a general participant.

Thanks for the comment though.

Sat, 09/26/2009 - 10:34 | 80372 assumptionblindness
assumptionblindness's picture

<<Everyone needs to go out and adopt an idiot and mentor them on crtitical thinking skills...>>

+10  

Like you said, we live in a world of sound-bytes (spewed by self-appointed "experts" and "leaders" whom we assume are trustworthy) which are quickly lost in the sea of American Idol, NASCAR, Dancing With The Stars and Squak Box. 

The masses are taught not to ask questions.  People who are informed are the ones who are tired of the games and seek the truth.  Mentorship in this area requires nothing more than to challenge an apprentence to ask questions and to vet the answers.  Rule #1:  Trust NO ONE! 

The reason that Grayson appears so out of step with his fellow Congressmen is because he doesn't accept the non-answer-answers from Fed and Treasury officials.  I think that his own personal experiences of misplaced trust have led to his trail of half-eaten sheep.  http://www.businessinsider.com/rep-alan-grayson-ponzi-scheme-victim-2009-7

 

Sat, 09/26/2009 - 11:29 | 80396 lizzy36
lizzy36's picture

I call it the apathy death spiral.

It manifests itself best, in the amount of k-y the average American doesn't even realize they need.  Millions thrown out of their homes, tossed out of work, lost their life savings, retirements postponed, 30% interest on credit cards, and trillions of their dollars spent to make the upper 5% richer.  

Adopt an idiot indeed! 

Sat, 09/26/2009 - 12:05 | 80406 JohnKing
JohnKing's picture

The Wal-Mart thing is a bit overblown, it would be hard for me to pigeon-hole the masses into that particular stereotype. People learn when they have to, with unprecedented unemployment and general chaos reaching the front door of many in JSP land, they are being forced to learn.

This is a bright spot:

In spite of the massive, full on frontal assault by big brother and state run media to scare the crap out of everyone, we have this:

"Most parents won't have kids get H1N1 flu shots"

Maybe less are fooled everyday. Maybe..

Sat, 09/26/2009 - 12:49 | 80420 The Eradicator
The Eradicator's picture

And one of the books that would be required reading is "Propaganda" by Edward Bernays.

Sat, 09/26/2009 - 13:34 | 80438 Uncle Remus
Uncle Remus's picture

"What we've got here is failure to communicate. Some men you just can't reach."

Epic FAIL. The abyss yawns ever wider.

Sat, 09/26/2009 - 15:01 | 80482 Printfaster
Printfaster's picture

The only stupider thing than the people of Walmart are the smart people who know how the Walmart people should live, and tell them so on the taxpayer's dime.

The only thing dumb about the Walmart people is that they keep sending money to the "smart people".

 

Sat, 09/26/2009 - 16:11 | 80516 MinnesotaNice
MinnesotaNice's picture

Kudos!  100% on target!

Sat, 09/26/2009 - 20:15 | 80592 Rusty Shorts
Rusty Shorts's picture

Sardonicus

 

"We have become a nation of Wal-Mart shoppers for Jesus that would rather drink beer and watch Nascar on a TV, and in a livingroom full of shit, made in China than truly fight for our Republic."

 

The Republic was dissolved in 1933 when FDR declared bankruptcy.

 

 "The receivers of the United States Bankruptcy are the International
Bankers, via the United Nations, the World Bank and the International
Monetary Fund. All United States Offices, Officials, and Departments are now
operating within a de facto status in name only under Emergency War Powers.
With the Constitutional Republican form of Government now dissolved, the
receivers of the Bankruptcy have adopted a new form of government for the
United States. This new form of government is known as a Democracy, being an
established Socialist/Communist order under a new governor for America. This
act was instituted and established by transferring and/or placing the Office
of the Secretary of Treasury to that of the Governor of the International
Monetary Fund. Public Law 94-564."

 

....apparently no one realizes that we were conquered back in 1933.

 

http://www.apfn.net/Doc-100_bankruptcy.htm

Sun, 09/27/2009 - 15:59 | 80994 Hephasteus
Hephasteus's picture

I'd take those people of walmart any day over the slick sleek sociopaths running the world.

Sat, 09/26/2009 - 07:57 | 80344 ED
ED's picture

Hitler was all this and more I'm sure. Careful how you eulogize your dogs of war

Sat, 09/26/2009 - 07:57 | 80345 Ned Zeppelin
Ned Zeppelin's picture

Did anyone figure out the source of those emails several of us got allegedly from Grayson? Is this legitimate?

Hi [Ned],

Share your thoughts on why we should audit the Fed with Rep. Grayson today!
I have good news. There's a hearing this Friday on the Federal Reserve Transparency Act, HR 1207. During the financial crisis, the Federal Reserve expanded its balance sheet to $2 trillion, and refused to tell me or any other member of Congress which banks got that money. This was unacceptable, as we made clear through letters, petitions, and hearings that have received millions of views and thousands of supporters.
Since then, I've been going to the floor and asking my colleagues to cosponsor HR 1207, the bill to audit the Federal Reserve, because we need to find out who got those trillions. In the House, there are now 290 cosponsors of the bill, which means that this bill is going to pass in some form. And Barney Frank, the Chairman of the House Financial Services Committee, committed to a "complete audit" of the Federal Reserve.
I want to make sure your voices are heard at this Friday's hearing on HR 1207. Tell me why you think the Federal Reserve needs to be audited.
http://action.firedoglake.com/1207hearing
I know people are saying the financial crisis is over, but unemployment is still high, credit is still tight, and no one I know is getting a raise. No regulators have been fired, Ben Bernanke is being lauded in the press for his "brilliance" and we still do not know who has received trillions in bailout money.
This Friday at 9am ET, the House Financial Services Committee will begin to debate a bill to fix the situation. To prepare for this hearing, I want to hear from you why you think we need to audit the Federal Reserve.
http://action.firedoglake.com/1207hearing
Over the course of the next few weeks, I'm going to be engaging in more activities to really push transparency in our financial infrastructure. And I'm going to need your help.
Thanks,
Alan Grayson
Member of Congress

Sat, 09/26/2009 - 09:18 | 80355 AN0NYM0US
AN0NYM0US's picture

Firedoglake is a another DailyKos - Grayson is Dem after all.

Sat, 09/26/2009 - 08:13 | 80347 Anonymous
Anonymous's picture

just remember, nobody likes good trial attorneys......... until you need one. one of their unique traits is that they really do not need you to like them. they like to fight and win......only.

the alternatives used to be played out on a field with clubs. a trial attorney is your best friend in time of need.
i grew up with one. a very difficult human being but, man, when someone needed him, no one was better in the cage. just remember.

i like taibbi, but perhaps he is somewhat refined for other personality types. i do not think i would be welcome in his club. i am not an attorney. it takes all types (with proper restraint for the more difficult ones).

Sat, 09/26/2009 - 09:16 | 80353 AN0NYM0US
AN0NYM0US's picture

I read Taibbi's blog - I know he's written some good stuff on GS etc and is well regarded as a journalist but his commentary on Grayson makes no sense unless he has some sort of a grudge to settle. Vanity Fair published an article on Grayson in 2007 (it's long but worth reading). Grayson is not crazy by any stretch. As a graduate of Harvard Law he was raised in the "projects" in the Bronx.

http://www.vanityfair.com/politics/features/2007/11/halliburton200711?cu...

http://www.graysonforcongress.com/page.asp?PageId=2

Edit: I wonder why Zero chose to feature Taibbi's blog here? It does a disservice to Grayson and what he stands for. Perhaps it's because someone of Taibbi's stature featured a Zero Hedge story that he has included it.

Zero does not need the validation or approval of other journalists - his rapid rise to the top of the blog ranks is evidence of that.

Sat, 09/26/2009 - 13:25 | 80434 Careless Whisper
Careless Whisper's picture

Thanks for those links. Interesting stuff. Very intelligent over-achiever. Being in Congress is below his level of expertise as a businessman and lawyer.

Sat, 09/26/2009 - 17:05 | 80535 Cursive
Cursive's picture

Your blind faith here - and criticism of Taibbi - are just the sort of preconditions to giving someone too much power.  I'm liking Grayson's full frontal assualt on the FR, but get off his jock, will ya?  Taibbi's recollection is very important.

Sat, 09/26/2009 - 10:40 | 80365 Ruth
Ruth's picture

Besides Sibel Edmonds, he's probably another maxed out gagged citizen, bet he's got a whole lota stuff on govt contracts and their colaborators.  Hope he stays on the hill, I think we're gonna need him in a big way. 

Corp death penalty fits well, http://www.huffingtonpost.com/2009/09/25/rep-grayson-calls-for-cor_n_300399.html

And now for a prettier picture, http://www.youtube.com/watch?v=nDyjkyBWN5o

Sat, 09/26/2009 - 10:08 | 80367 Handle with care
Handle with care's picture

His position paper on the economy is interesting.  Partly as it mentions his personal history, which shows he's no lunatic or dummy and partly in how focused it was on financial malfeasance and defending people from big banks

http://www.votesmart.org/speech_detail.php?sc_id=388937&keyword=&phrase=&contain=

 

Part of it is Democratic boilerplate, but it does seem to indicate at the very least that he's not one of those rich people who believes that having money proves they're special compared to everyone else and in pulling the ladder up behind him

 

You can see his voting record on that site as well, but he came to Congress after TARP so that doesn't show up.

Sat, 09/26/2009 - 10:22 | 80369 QevolveQ
QevolveQ's picture

Off topic, but does anyone have color on the massive move in a bunch of equity preferred names yesterday afternoon in the last hour of trading? Names that caught my attention (most >10% moves on decent volume):

 

these symbols are from Yahoo Finance, may be slightly different on other sites/brokers: JPM-PZ, WSF, MET-PB / MET-PA, C-PZ, UBS-PD / UBS-PJ, KEY-PE, DUA, NCC-PA, MWR, HFC-PB.

 

Sat, 09/26/2009 - 13:13 | 80429 Lionhead
Lionhead's picture

I noticed that also & that the etf PFF was trading up nicely after hours. I wonder if this is the pump before the dump on preferreds. These distribution pumps are quite obvious in the same way GS pumps before selling more shares/bonds for their "clients."  So, will these tickers be raising more capital soon?

Sat, 09/26/2009 - 13:22 | 80433 perpetual-runner-up
perpetual-runner-up's picture

probably swapping equity gains for PS...in the last crater, it became clear that PS was not going to be left for dead (most was made whole for fear of upsetting overseas treasury buyers)....because that is what the TBTF people own...

 

 

Sat, 09/26/2009 - 10:29 | 80370 Careless Whisper
Sat, 09/26/2009 - 11:08 | 80387 Anonymous
Anonymous's picture

Thank you, Congressman Grayson. This is courageous stuff.

Sat, 09/26/2009 - 11:12 | 80389 cocoablini
cocoablini's picture

Let's face it-for the average wage slave all this money shit and the FED malarky is BORING. It's not Monday Night Football.

Having intellectuals argue about  Austrian vs. Keynes PONZI economics is BORING-except when you lose your job.

Grayson, as a character, makes it look FUN to trash money-crats and the holders of the PONZI. The more whacked he looks, the more media. Let Ron Paul take the high road and run for President. Grayson can be the henchmen

Sat, 09/26/2009 - 20:03 | 80583 i.knoknot
i.knoknot's picture

Clearly, this "game" is far more interesting than football/idol/etc. It just needs better packaging and a better timeslot :^), Don't any of the networks out there smell the potential profit? Something like "DC 90218". Buxom interns, etc.

You can't pay enough for this stuff!

This is the real game - apparently going on for a long time.

Sat, 09/26/2009 - 11:22 | 80392 Handle with care
Handle with care's picture

Did you know this guy took a bunch of lawsuits all the way against winners of no-bid contracts when the DOJ refused to prosecute?  And he won some of them.

 

A hell of a lot better than all the whiners who do nothing

 

"The Wall Street Journal said Alan is "fighting a one-man war against contractor fraud in Iraq." 

The national organization Taxpayers Against Fraud named him Lawyer of the Year in 2006 for his work against war profiteers."

 

 

My opinion of him is growing the more I read

 

 

 

 

Sat, 09/26/2009 - 11:56 | 80405 packeteerist
packeteerist's picture

I want to move to Florida's 8th district so I can be represented, instead of the pussified pansycrat I have, Alan Grayson is showing what a Congressman should be doing, grilling these fuckers and have them shifting around, looking for help. He smells their fear and had he received another 5 minutes, we would just see a pool of piss and sweat under Alvarez' chair, like a melted wicked witch of the Sachs.

I watched some more youtubes of him just flaying the FEDs own IG, and that Virkam Punjab fucktard. Awesome.

Sat, 09/26/2009 - 12:25 | 80412 Careless Whisper
Careless Whisper's picture

What is an un-numbered Swiss bank account? I've heard of a numbered account, which is semi-secret, but not an un-numbered. Grayson asked Alvarez a hypothetical question about the Fed loaning a billion dollars to a bank (Dick Cheney Saving & Loan) whose only asset was an un-numbered Swiss account. Given Grayson's experience with the no-bid contracts the military gave out, I'm wondering if he knows something about secret funding of war efforts by the Fed?

Sat, 09/26/2009 - 12:37 | 80415 Anonymous
Anonymous's picture

In China...they would have literally been rid of many of
the politcos....perhaps the US should do the same....

Sat, 09/26/2009 - 12:43 | 80417 I am a Man I am...
I am a Man I am Forty's picture

So the guys that actually work for the Federal Reserve don't have to show up at these hearings.  WTF?  What a joke.  Good job C-Span for not covering this and the rest of MSM for that matter.  Where the hell was everyone?  That place should have been packed.

Oh and by the way, don't think for a second when we get too close they aren't going to play the "national security" card.  Wall Street and the CIA are an incestual bunch.

Sat, 09/26/2009 - 13:53 | 80451 Screwball
Screwball's picture

I was hoping CNBC would carry it, then CSPN, but nothing.  Bernanke was at a League of Negro women thing that Maxine Waters put on.  CNBC(S) decided to show that, or part of it, as it turned out.

I tuned into the hearing though the links provided here.  I tried to count how many people were there, but couldn't.  Wasn't too many, which is sad.

IMHO, this should have pre-empted any and all programming on every damn channel.  But hey, we wouldn't want to miss the soaps, the moring talk shows, and Rush comes on at noon.  We have our priorities.

What a sad state of affairs.

On the topic mentioned above about "adapt an idiot" - great idea, but probaby futile.  I live in the sticks, compared to most.  We have limited cable TV, and no internet in some places.  The people are only fed what comes over the air and radio.  They don't understand the financial system, nor care to.  Many never heard of Goldman Sachs or Glass-Steagall.

If you try to educate them, they blow you off as a liberal/conservative and you are part of the problem, or THE problem.  They are very biased, and very divided, and have no plan on changing anytime soon.  All they care about it turning on the next episiode of Rush/Beck/Olbermann/Maddow to get their daily fix of bullshit that agrees with their position.  Then go watch American Idol, NASCAR, and feel good because they went to a tea party or wrote a lettoer to the editor.

I am convinved there is no chance of changing many of these peoples mind.  They think everything is the fault of G.W.B or Obama, depending on which side of the fence they are on, or which talking head bullsitter they worship, and I mean worship.

Sad state of affairs - again.  I don't have the answers, but the news (cough, cough) media should be ran out of the county.  They do us no justice.  A pathetic bunch of lying, greedy, misinforming, sensationalist, non-reporting pile of horse dung.

[/rant]

 

Sat, 09/26/2009 - 12:52 | 80422 Tripps
Tripps's picture

The lawyer didn't say JPM buys stocks for the FED!

 

he was talking about primary dealer activities

 

 

 

Sat, 09/26/2009 - 13:41 | 80441 Anonymous
Anonymous's picture

WHY is it that our PRESIDENT is not asking these sorts of honest, straightforward questions??

Are our our elected leaders so completely bought and paid for, so completely OWNED by Wall Street, that they cannot simply do their JOB for the American people???

If you want to call Grayson "crazy" for trying to cut through the FED SPEAK circular psycho-babble, then we need a WHOLE LOT MORE CRAZY just like him in Washington!!!!

Agree with previous post--- Every spineless politician in that room needs to sit the fuck down, and scede their time to Grayson. Let the adults or ADULT in the room do the talking!!

AUDIT THE FED---END THE FED!!

Sat, 09/26/2009 - 13:43 | 80444 Anonymous
Anonymous's picture

We love you Alan!!

Keep up the good fight--The American people and World are watching!

Sat, 09/26/2009 - 14:40 | 80471 Anonymous
Anonymous's picture

Taibbi is back smoking crack again . . . he sees conspiracies everywhere ... in his cereal too

Sat, 09/26/2009 - 16:42 | 80473 AN0NYM0US
AN0NYM0US's picture

moved

Sat, 09/26/2009 - 15:14 | 80488 Printfaster
Printfaster's picture

Hmmm.  Grayson is the democrat party cat's paw.  What is really going on?

The game of politics is about distraction.  Distraction from real problems to imaginary problems.  Distraction from serious, ingrained corruption to minor corruption.

So Grayson is being wheeled out to go after Wall Street.  I guess that we all know the real corruption was in the DC area with Fannie, Freddie and the myriad of federally sponsored financial activities.  Wall street was the monkey for the organ grinder.  Wall street didn't just invent the CDO, it was handed it on a plate by the DC democrat politicians in congress and on the boards of Fannie and Freddie.

What we are seeing now is that the monkey is being shaken down for more campaign contributions.

Wonder what happens when the monkey is broke.

 

Sat, 09/26/2009 - 15:29 | 80495 packeteerist
packeteerist's picture

Phil Gramm was a democrat? I think you need to flush out your headgear. Lush Rimjob is not a good source of facts - it's both sides of this isle that made this mess.

 

Its going to take patriots from both sides, and then some, to clean it up. 

 

 

Sat, 09/26/2009 - 15:35 | 80499 suteibu
suteibu's picture

Lush Rimjob?

 

Way to rally the "patriots" from the other side. 

Sat, 09/26/2009 - 16:56 | 80529 Anonymous
Anonymous's picture

I've been a Taibbi and Ames fan for, like almost ten years, and I can't understand the fuss people are making about the "vampire squid" analogy in the Goldman piece. As far as I'm concerned it seemed like just another Taibb-ism, but nothing outstanding, even a bit below his best rhetorical efforts. Has anyone asked him about this, like that Michael Lewis and big shots like that are ooo-ing and ahh-ing over something that for him has to seem like just another double off the wall? I bet he's been scratching his head over it. Maybe it was the subject and timing of that piece, so he had a massive, angry audience, and all it took to go supernova was average Taibbi. But I bet he even debated himself on that one, like maybe I'll go back and find a more apt or even more insulting metaphor for Goldman, but then hit his deadline. Cuz if you've followed his writing, it's nothing special.

Sat, 09/26/2009 - 18:50 | 80556 Anonymous
Anonymous's picture

I like the fact that he is busting the Fed and Bernanke in the nuts, but he voted for Cap and Tax. Not really sure what he is thinking on that.

Sun, 09/27/2009 - 12:03 | 80893 Anonymous
Anonymous's picture

Two thoughts: First, with Alan Grayson(s) out there, John Goodman is the best Hollywood could come up with for Fred Flintstone? Fail. And second, did Martin Short model Nathan Thurm after Scott Alvarez?

Sun, 09/27/2009 - 14:01 | 80939 Tripps
Tripps's picture

you can listen to alan from a few days ago on alex jones....

http://www.youtube.com/watch?v=bXZSVQJzlec&feature=channel_page

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