Gary Gensler: A U-Boat Sent into the CFTC?

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Mon, 12/05/2011 - 17:53 | 1948429 turtle
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@ Oquities, I'm guessing this is a trick question:

Is it "f... all of the above!"



Sun, 12/04/2011 - 20:23 | 1945226 AndrewCostello
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This little circle of friends has the politicians bought and paid for, and they are enslaving us through a corrupt system that only benefits the connected who are able to borrow money from nowhere and be paid out in real assets like gold, silver, land and oil.


It is time for revolution.  But the population are mindless pathetic cowards.




Join us and fight back:

Sun, 12/04/2011 - 19:09 | 1945058 WTF2
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He Sucks...


Sun, 12/04/2011 - 18:16 | 1944934 Oquities
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Quick quiz:

what do Gensler, Shapiro, Bernanke and Geithner have in common?

a.  they were all appointed by obama

b.  they all have a history as government slugs

c.   they will make fortunes when they leave govt. jobs

d.  they all go to the same synagogue as blankfein, dimon, soros, axelrod, sunstein, emanuel, panneta, lieberman, frank, etc., ad nauseum.

e.  they are all advocates of the modern economic theory of crony capitalsm

Sun, 12/04/2011 - 17:35 | 1944848 PontifexMaximus
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Sun, 12/04/2011 - 16:47 | 1944736 Below Zero
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What's to worry about? Gensler is in the club and the rest of you fuks are not. Get over it. All of your whining, kiyiing and speaking the truth changes nothing. Learn to accept your place humbly in society. Be grateful for even the down-trodden are still living. Its a great life, enjoy it.

Sun, 12/04/2011 - 17:03 | 1944777 Sabibaby
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Here, eat a bullet. You be greatful too, your children won't be so lucky.

Sun, 12/04/2011 - 16:11 | 1944637 Moe Howard
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This was all caused by the Republicans deregulating the financial markets. The Democrats were unable to re-regulate because the Republicans made that impossible during the years the Democrats controlled both houses, and for the two years they controlled it all.

In other words, Bush did it.



Ron Paul 2012

Sun, 12/04/2011 - 17:31 | 1944841 mumbo_jumbo
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"this was all caused by the republicans deregulating the financial markets"

news flash: Bill Clinton signed the repeal of glass-steagal....

BTW, WTF is up with posting here? no spell check and can't copy/paste???  WTF

Sun, 12/04/2011 - 16:35 | 1944699 cdskiller
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Don't be silly. Democrats did not want to re-regulate. Dodd and Frank received the most money in Congress from financial institutions. Chuck Schumer has prevented everything in the Senate and Obama received more bribes from Wall Street than any presidential candidate in the history of the United States.

Sun, 12/04/2011 - 15:07 | 1944455 f16hoser
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He's got the kind of face you wanna bitch-slap, over and over and over and over and over again. I bet his mommy tucks him in every night......

Sun, 12/04/2011 - 14:50 | 1944417 topcallingtroll
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Another goldman guy huh?

Now they also run the ECB, our treasury, the Italian and Greek governments, the SEC, among their recent conquests not to mention the exhaustive list of institutions they have wormed their way into prior.

They have had a hand in every scandal and bankruptcy and financial cillapse past and pending, yet no one in the government will investigate. When they are caught in blatant, obvious crimes that cant be covered up small settlements are arranged with the SEC that dont even begin to cover their profits from that and similar crimes.

But the FBI is looking for the terrorist boogey man, or working with the medicare AIG to go after doctors for billing twenty bucks more than the documentation supports.

Time for a reset. Somebody hit that damn reset button if you know where it is.

Sun, 12/04/2011 - 17:51 | 1944880 MarcusLCrassus
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They need to start putting these Goldman Sachs guys on the No Fly List. 

Sun, 12/04/2011 - 14:54 | 1944421 flacon
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It's a shame that the article is so consistently poorly written. 

Sun, 12/04/2011 - 14:31 | 1944386 Atlantis Consigliore
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The Tattoo,  of bureaucrat cockroaches:  to Oroarkes  Corsine:


In front of Congress: 

"da budget, de budget" screaming hysterically, we need more pimps whores liars and lawyers, he cried out,  my staff works very hard for the Merican sheep,  pimples,  he cried. as the Whores all nodded;

and the stockholders, and clients defrauded and pimped out:???


Screw em; its an election year,  sink a clearing house or bank or 2

and scare em.   we need more budgets for Dodd


you CAN fool everyone every time, just as enron, or

repeat after me:  :theres no people like sheeple......theres no ...


Sun, 12/04/2011 - 14:29 | 1944383 NuYawkFrankie
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One UglyMoFo.

Sun, 12/04/2011 - 14:15 | 1944353 slvrizgold
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That little devious fucker should be beaten mercilessly, scourged, crucified, and left for the vultures.    Hey, isn't that popular culture for his people?

Sun, 12/04/2011 - 14:13 | 1944348 dcb
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my understanding is he has in fact ried to reverse things, but lobby influence prevented him from doing so. I would not be surprised if it in fact came from higher up.

Sun, 12/04/2011 - 16:54 | 1944756 Al Gorerhythm
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Then he should have followed Brooksley Born's example.

Sun, 12/04/2011 - 14:08 | 1944332 willien1derland
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It is not his stature or looks that are of concern it is his deteriorated morals, ethics, & manipulative abilities that are abhorrent & MUST BE PROSECUTED...In one of Tyler's posts today he mentioned that he was tired of the Wall St Propoganda - I too, must admit, that I am weary of the inane rhetoric...this trend has run its course and must be addressed. I am no saint, nor am I so naive that I believe ANYONE in WDC will make any meaningful changes - with McCain & Levin's NDAA legislation it is NOW VERY APPARENT that there is another band of terrorists that wish to destroy the American way of life & they are TRULY in our midst - the FINANCIAL & LEGISLATIVE TERRORISTS should be named & our military should be used, if necessary, to eliminate this risk...It is my sincere hope to see Paulson, McCain, Levin, Bernanke, Geithner, Dimon, Monihan, Blankfein & GS Cronies like Corzine et al in Guantanmo Bay & their ill gotten assets confiscated & used to offset the damage of their crimes & fraud

Sun, 12/04/2011 - 14:54 | 1944422 topcallingtroll
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It may be time to get radical.
Where is our Cassius?

Sun, 12/04/2011 - 16:02 | 1944608 Imminent Crucible
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He changed his name to Muhammed, and went over to the Sufis.

Sun, 12/04/2011 - 16:36 | 1944295 cdskiller
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Every time I look at Gary Gensler and Geithner, I just want to beat them up, you know? Just tie them to a chair and bitch slap them. Followed by waterboarding. God, that would be so much fun!

Sun, 12/04/2011 - 13:42 | 1944262 Seasmoke
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line them all up, preferably upside down at a gas station

Sun, 12/04/2011 - 13:17 | 1944183 jackinrichmond
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i think bonzai did a gensler-dracula blend..  it's worth looking for

..truly creeeepy.

Sun, 12/04/2011 - 13:13 | 1944170 Hannibal
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  Gary Gensler: SCUM OF THE EARTH!

Sun, 12/04/2011 - 12:53 | 1944091 Sabibaby
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Oh look, another shyster Jew

Sun, 12/04/2011 - 13:04 | 1944131 Gold Dog
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Sabibaby- You would think that the Chosen Ones would be getting a bit nervous by now and telling their brothers to stop fucking everything up or they will get a bad name!



Sun, 12/04/2011 - 14:17 | 1944359 flacorps
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Hofjuden do not submit to the rabbis. They're entwined with the regime.

Sun, 12/04/2011 - 14:03 | 1944319 Sabibaby
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History repeats! You'd think these knuckleheads would figure that out too!

Sun, 12/04/2011 - 16:15 | 1944055 non_anon
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ah, a villain can smile and smile and still be a villain

Sun, 12/04/2011 - 12:34 | 1944016 Conax
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Somebody colorized that pic of him. On tv he was shades of grayish green, but this pic is fleshtoned. I think he might be an amphibian.

Sun, 12/04/2011 - 15:58 | 1944593 Imminent Crucible
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Amphibian? Nah, just a chameleon. Definitely a reptile.

Sun, 12/04/2011 - 12:31 | 1944004 Everybodys All ...
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Speaking of derivatives. Has it gotten to the point that we are now allowing weekly derivatives/options to be written on nearly all stocks? Not a peep has been said about this by any of the financial networks.

First off, if you don't think the cabal of banks decides what the narrative will be in the media think again. It used to be that options expired on the third Friday of each month and they still do it's just that there are a ton of other deriviatives that expire every week. For what purpose do they serve? Where is the SEC, CFTC, and FINRA on this subject. Has this just become the only means for BAC, JPM, GS, C, and MS to make the kind of money they need to stay solvent. Is this the equivalent of the "Hail Mary" pass for banks? I think it is.

Sun, 12/04/2011 - 15:09 | 1944461 topcallingtroll
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It appears to be the case. Essentially this boils down to collecting money by selling puts. CDS, futures swaptions, all the fancy stuff is just a way to collect ongoing subscription income. It is essentially unrwgulated insurance. They know they could never pay if sovereigns default for examole, but they have doubled and tripled down as a way to dig themselves out of their hole. The gaping hole in their balance sheets that would be obvious if FASB and regulators were doing their job.

If we survive this without a collapse the banks slowly recapitalize thru these sales. That seems to be the plan. Then after surviving this gamble everyone plans to get religion and never gamble again.

If you face certain eventually bankruptcy by doing nothing, and believe you have an opportunity for one last gamble to avoid it, then no matter what the odds are you take the chance.

Sun, 12/04/2011 - 18:40 | 1944989 willien1derland
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TCT - Thank you for the post - very informative

Sun, 12/04/2011 - 14:16 | 1944354 willien1derland
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Everybody's All - I have heard only nominal information that such activities were occurring - I read on some of the MF Global articles that alternative actions a hedger could take would be to utilize deratives, however, I must admit that I have no real appreciation as to the mechanics or its associated risks - Additionally, I must admit that the whole derivatives arena frightens me as it appears to be associated significnatly with the Godforsaken 'Off Balance Sheet' FASB nonsense - Would really like to educate myself  - is there any information you could share on this? - Many thanks in advance

Sun, 12/04/2011 - 12:57 | 1944101 Bananamerican
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"tickled pink"

sounds more like SEC material...but then those blood funnels don't just attach themselves  


Sun, 12/04/2011 - 12:26 | 1943982 Everyman
Everyman's picture

If there ever was a mas produced zeroing in target for rifles, that sniveling arrogant ass in the  picture certianly deserves it.  That is the picture of a male human (not gonna call THAT a "man") that this world can completely do WITHOUT.  What does that particular person provide to humanity at large other than his ego?

THAT type of human is filling the "leadership" spaces in our society, politics, business, board rooms, and our churches.  This is the type of person that seems to be of no threat, nop hazard, but just "sits there" until the "evil spores" come out and corruption comes through unabated.

Take another look at that face, that is a person that can be co-opted and co-opts people and for nothing more than power of eny kind at any level.  This is the "nice guy" that will put a knife in your back when nobody is looking.

The simpering shit eating grin photo is the face of evil today.  Not a rag headed pissed off muslim.

Sun, 12/04/2011 - 12:38 | 1944045 Tom_333
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Sun, 12/04/2011 - 12:16 | 1943943 nowhereman
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Nobody here should be surprised by this, ZH was all over this at the time of his (dis)appointment.

Sun, 12/04/2011 - 12:13 | 1943932 connda
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Gensler: "MF Global?  What happen at MF Global?  A what?  A Default?  Customers lost money?  Really? Wow!  We ought to look into that."

Sun, 12/04/2011 - 12:00 | 1943886 williambanzai7
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Crony Toad

Sun, 12/04/2011 - 12:00 | 1943884 Rainman
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Excellent analysis.The twin towers of financial mayhem were the Glass-Steagall gutting in '99 and CFMA signed in 2000....both by Clinton...CFMA signed on his way out the WH door with the prezidential china. These were the giveaways signed by Bubba to keep his sorry impeached ass from being convicted in the Senate. The backwash continues to this day. Good ol Bubba puffs himself up as an international statesman....bullshit !

Sun, 12/04/2011 - 16:08 | 1944630 HCSKnight
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Careful Rainman, don't want to destroy the liberal illusion that underpins so many on ZH that think their white-bread digital rants are real libertarianism.

ZH IS the video game equivalent of libertarian-liberalism for a bunch of twenty somethings that will run to their mama - the liberal courts - the first time they are punched in the mouth.

Sun, 12/04/2011 - 16:33 | 1944691 Sancho Ponzi
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I have a 20 something year old son who can kick your sorry ass to the curb in seconds.

You may want to take a grammar course to learn how to properly use punctuation. There's never anything positive in any of your posts, and I'm tired of your pointless tirades and rants. It must suck to be you.


Sun, 12/04/2011 - 16:48 | 1944739 Al Gorerhythm
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I have a 10 year old neice who could take over when he ran out of puff. 

Sun, 12/04/2011 - 11:57 | 1943874 pragmatic hobo
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gensler is a guy that seemingly says all the right things but does exactly nothing.

Sun, 12/04/2011 - 16:45 | 1944732 Al Gorerhythm
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They are all the same. Look how Chilton has hoodwinked GATA, Butler and others.

Sun, 12/04/2011 - 12:14 | 1943935 High Plains Drifter
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its all tribal my man. all tribal......

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