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Meet The Man Responsible For Regulating $234 Trillion In Derivatives: The CFTC's New Head Timothy Massad
It's official - goodbye Gary Gensler, we hardly knew you... as a commodities regulator that is, although Bart Chilton (who is finally also stepping down due to being too burdened by lack of funding to actually do anything) was kind enough to provide much needed perspective on how the CFTC truly works. In place of the former Goldmanite, today Obama will announce that going forward America's top derivative regulator and CFTC head will be Timothy Massad, the Treasury Department official responsible for overseeing the U.S. rescue of banks and automakers after the credit crisis.
Who is Timothy Massad? Bloomberg has the details:
A former partner at Cravath, Swaine & Moore LLP in New York, Massad was a legal adviser to a congressional panel that oversaw the Troubled Asset Relief Program, which loaned billions of dollars in banks and auto companies to help stabilize the economy during the 2008 crisis. The program, which he then was confirmed to manage at Treasury, spurred a political backlash that drove congressional supporters from office in the 2010 election and fed criticism of Wall Street.
“Nobody ever wants to see TARP repeated. But the fact is, TARP is a program that did its job,” Massad said Sept. 30 at the Brookings Institution. “It has worked faster, better, and cheaper than most people ever thought possible.”
Massad would take over an agency that has put into place more than 60 rules mandated by Dodd-Frank to help reduce risk and increase transparency in the swaps market after largely unregulated trades helped fuel the crisis. The rules have yet to all take effect as the agency battles budget challenges as a result of failed efforts to increase funding from Congress.
The commission, which is designed to have five members, may instead have only one Democrat and one Republican early next year if Obama and the Senate cannot overcome political hurdles to confirm new commissioners.
So the man who was responsible for bailing out the banks at any cost, will now make sure these same banks don't do anything bad again. And he will also, somehow, "supervise" America's $234 trillion in derivatives and make sure nothing bad ever happens there too?
Somehow, we are a little skeptical. Sure enough: "The party-line split on the commission would probably delay votes on contentious Dodd-Frank regulations." In other words more of the same "nothing must change" hard line stance the CFTC has so sternly pursued since the crisis, and before.
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Derivatives? Here's my prediction;
Central bankers around the world will have an international meeting and come out of that meeting saying "What derivatives?"
Off course they will demand to maintain control of all physical assets on their books...
hedge accordingly.
The foxes have been in charge of the henhouse since 1913.
Ignore the following...
Looks like Gary "The Rat" Gensler's autistic brother.
he is invisible
http://en.wikipedia.org/wiki/Timothy_Massad
Must work for Mossad.
It is a farce.
http://dc.isda.org/about-dc-committees/current-dc-members/
Americas
Voting Dealers
Bank of America N.A.
Barclays Bank plc
BNP Paribas
Citibank, N.A.
Credit Suisse International
Deutsche Bank AG
Goldman Sachs International
JPMorgan Chase Bank, N.A.
Morgan Stanley & Co. International plc
UBS AG
Consultative Dealers
Nomura International plc
Société Générale
Voting Non-dealers
BlueMountain Capital Management, LLC (Second Term Non-dealer)
Citadel LLC (First Term Non-dealer)
D.E. Shaw Group & Co., L.P. (First Term Non-dealer)
Elliott Management Corporation (Third Term Non-dealer)
Pacific Investment Management Co., LLC (Second Term Non-dealer)
Consultative Non-Dealer
Saba Capital Management, L.P.
CCP Members
ICE Clear Credit LLC
Asia Ex-Japan
Voting Dealers
Bank of America N.A.
Barclays Bank plc
Citibank, N.A.
Credit Suisse International
Deutsche Bank AG
Goldman Sachs International
JPMorgan Chase Bank, N.A.
Morgan Stanley & Co. International plc
Nomura International plc
UBS AG
Consultative Dealers
BNP Paribas
Société Générale
Voting Non-dealers
BlueMountain Capital Management, LLC (Second Term Non-dealer)
Citadel LLC (First Term Non-dealer)
D.E. Shaw Group & Co., L.P. (First Term Non-dealer)
Elliott Management Corporation (Third Term Non-dealer)
Pacific Investment Management Co., LLC (Second Term Non-dealer)
Consultative Non-Dealer
Saba Capital Management, L.P.
Australia and New Zealand
Voting Dealers
Bank of America N.A.
Barclays Bank plc
BNP Paribas
Citibank, N.A.
Credit Suisse International
Deutsche Bank AG
Goldman Sachs International
JPMorgan Chase Bank, N.A.
Morgan Stanley & Co. International plc
UBS AG
Consultative Dealers
Nomura International plc
Société Générale
Voting Non-dealers
BlueMountain Capital Management, LLC (Second Term Non-dealer)
Citadel LLC (First Term Non-dealer)
D.E. Shaw Group & Co., L.P. (First Term Non-dealer)
Elliott Management Corporation (Third Term Non-dealer)
Pacific Investment Management Co., LLC (Second Term Non-dealer)
Consultative Non-Dealer
Saba Capital Management, L.P.
EMEA
Voting Dealers
Bank of America N.A.
Barclays Bank plc
BNP Paribas
Citibank, N.A.
Credit Suisse International
Deutsche Bank AG
Goldman Sachs International
JPMorgan Chase Bank, N.A.
Morgan Stanley & Co. International plc
UBS AG
Consultative Dealers
Nomura International plc
Société Générale
Voting Non-dealers
BlueMountain Capital Management, LLC (Second Term Non-dealer)
Citadel LLC (First Term Non-dealer)
D.E. Shaw Group & Co., L.P. (First Term Non-dealer)
Elliott Management Corporation (Third Term Non-dealer)
Pacific Investment Management Co., LLC (Second Term Non-dealer)
Consultative Non-Dealer
Saba Capital Management, L.P.
CCP Members
ICE Clear Europe Limited
LCH.Clearnet S.A.
Japan
Voting Dealers
Bank of America N.A.
Barclays Bank plc
Citibank, N.A.
Deutsche Bank AG
Goldman Sachs International
JPMorgan Chase Bank, N.A.
Mizuho Securities Co., Ltd.
Morgan Stanley & Co. International plc
Nomura International plc
UBS AG
Consultative Dealers
Credit Suisse International
Société Générale
Voting Non-dealers
BlueMountain Capital Management, LLC (Second Term Non-dealer)
Citadel LLC (First Term Non-dealer)
D.E. Shaw Group & Co., L.P. (First Term Non-dealer)
Elliott Management Corporation (Third Term Non-dealer)
Pacific Investment Management Co., LLC (Second Term Non-dealer)
Consultative Non-Dealer
Saba Capital Management, L.P.
Thanks AGAIN, IBAMA ...
""""RESISTANCE IS FUTILE, YOU WILL BE ASSIMILATED """"
Hehehehehehehe ...
We're Fucked...
Glad to see they finally appointed a Gentile to a financial governance position. Perhaps he will be better at financial calculation, providing a legitimate service to the people of the United States rather than a transfer of wealth to a select group associated with the monopoly on money creation.
Oh, you don't say? Well, nevermind....
Looks like Timothy Massad and Marty Feldman (Young Frankenstein) were separated at birth.
http://www.treasury.gov/about/organizational-structure/PublishingImages/Official%20Massad%20Photo.jpg
http://4.bp.blogspot.com/-CXkK6-bRDoE/UDxL-Ncn-hI/AAAAAAAAGH0/9C-QqiF337M/s1600/FR-3.jpg
Igor: You know, I'll never forget my old dad. When these things would happen to him... the things he'd say to me.
Dr. Frederick Frankenstein: What did he say?
Igor: "What the hell are you doing in the bathroom day and night? Why don't you get out of there and give someone else a chance?"
LOL
Just this morning, a clearly self-hating Jew told me that "Mossad's [sic] got fingerprints on everything" and I dismissed him as a ranting lunatic.
Weird.
Yea, kinda weird that you did.
You need a sarc tag. Massad is an Ashkenazi jew.
Well written sarcasm doesn't need a damned tag.
Think 'Mas(s)ada'.
I don't understand those who *STILL* blame Obama. He's just a puppet. A teleprompter-reader. An empty shell in a suit. And if McCain or Romney had won, everyone would now say the exact same things about him.
You'll want to take a look at who control all of them. Follow the money, right into the heart of New York.
and from there to the Roman province of London? The scam is three: Religion, War and Money Creation. Has been this way a very long time.
Rome also had a fifth column that destroyed it from within... same as it ever was.
"John May lives!"
Look it up, if you have to.
.
Like eveyone else, I'm just blaming him
because he is BLACK.
He looks dimwitted. He'll do.
Our current history is eerily reminiscence of late 1920's and early 1930's.
Something bad - really lots of things - is brewing.
Cult of Personality Leadership
Relativism
Truth is a matter of perspective
Who will be the Brown Shirt?
Why, Barry's "Civilian National Security Force, which will be just as powerful, just as strong, just as well funded as the US Military", of course.
Where is Wells Fargo. Are they "safer" than the rest
.
You're half way there; Massad is butter to spread on Mossad and Assad bread.
Only the State department and NSA could think that one up.
If Massad massages Assad he can then go to Mossad and say he kicked badassad.
Perfect derivative play, OTC deregulated and rehypothecated.
> Must work for Mossad.
How else would he have got the job in the first place?
The blue pill or the red pill?
Important is only, that the sheeple are not interested if he has an Israeli passport. Never question your masters...
Being invisible is a great trick - this guy is *perfect* for the job.
Junior Soprano.
Clearly Nosferatu. I should know.
"... et cum spiritu tuom".
When I saw the photo, I immediately thought the same thing...he looks just like an older version of "The Rat" Gensler!
Also, the name sounds an awful lot like Mossad...
Unfortunately, unlike my silver, they cannot easily lose a quadrillion FeRNsworth of derivative financial instruments in a tragic sailboat mishap.
Why are all senior Goldmanites bald and rat-faced? Why can't the company outfit them all with wigs and facial massages?
More like Squidward form Spongebob...
"The civil service reform began in the federal government with the Pendleton Bill of 1883. As a result, the government was controlled with varying degrees of completeness by the forces of investment banking and heavy industry from 1884 to 1933."
Carroll Quigley, "Tragedy & Hope"
“The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government of the U.S. since the days of Andrew Jackson…The country is going through a repetition of Jackson's fight with the Bank of the United States--only on a far bigger and broader basis. “
-Letter to Col. Edward Mandell House (21 November 1933); as quoted in F.D.R.: His Personal Letters, 1928-1945, edited by Elliott Roosevelt (New York: Duell, Sloan and Pearce, 1950), pg. 373.
Except our current President ain't fighting...
Presidents stopped fighting years ago
“The powers of financial capitalism had another far reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements, arrived at in frequent private meetings and conferences. The apex of the system was the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the worlds’ central banks which were themselves private corporations. The growth of financial capitalism made possible a centralization of world economic control and use of this power for the direct benefit of financiers and the indirect injury of all other economic groups.”
-Carroll Quigley, Tragedy and Hope, page 324, first published 1966. Quigley was Bill Clinton’s professor at Georgetown and also taught at Princeton and Harvard.
Good info from you both. Thx.
BTW the Feudal infiltration of the Freemasons goes back to the Middle Ages, when the aristocracy started joining them and thus ever so gradually took over and redirected its initial agenda (Truth-seeking, Honor, Collegiality, Fraternity, Skill & Craftsmanship). When the aristocrats took over, Truth-seeking, Skill & Craftsmanship went out the window.
It became a sort of Elite Underground, that has been pulling strings and operating in the shadows for at least a hundred years, when European revolutions kicked out the nobility.
Dumb and malleable sheep think that 'socialists' are in control these days, when nothing could be further from the truth. Poor sheep, they simply lack the knowledge, insight and gray matter, to get to the truth (on their own).
Is the year 1717 the middle ages ?
Beginning of London controlled Freemasonry union.
Soon expanded into France and the United States.
The Bavarian Illuminati was formed in 1776. Jesuit Weishaupt said to be a secret Jew controlled by Rothschilds.
Blamed for the French Revolution overthrow of French aristocracy and royalty.
Blamed for the Russian revolution overthrow of Russian aristocracy and royalty.
... and the group credited (not blamed) for the American Revolution would be....... Presbyterians (i.e. Scottish Protestants). Hurray!!
Exactly. Who needs to be "netted" when they can just erase a few files and spreadsheets at LCH Clearnet? Problemo solved.
Massad?? Another zionist jew who supposedly will regulate business of big banks controlled by zionist jews?
It's a joke right?
I am not surprised.. The whole damn financial system is controlled by these people http://thezog.wordpress.com/who-controls-wall-street-part-1/
Was that Massad or Mossad?
No matter.
This one clearly is an alien. Where do they get these human impersonators that look like a praying mantis?
Nu Yawk?
I think they're from Ophiuchus, in the Marfik system. But it's OK, they've worked out a deal with the PTBs that the earth colonization process won't begin until 2020 and of course all the insiders get to rule as slavemaster underlords to the Marfikian Collective...the rest of us exterminated or enslaved...until the earth is an empty rock stripped of all resources, then what's left of humanity will be left to die.
Barack Hussein Obama appoints Massad.
U.S.A 2013
Pres Dwayne Elisandro Herbert Mountain Dew Camacho is not a reach anymore.
... assuming he's an illegal.
Timothy Massad, anagram for Toy Math Sadism.
Oh this should be good...
Don't worry. He's not corrupt in any way. And he will be tough on the big banks.
I'm feeling much better already.
Just this morning, he told Dimon off for going for a second refill.
It's not proper to drink baby's blood on Tuesday, much less two cups!
A quick google led me to an article about him at Slate Magazine, you know that bastion of totally neutral and not agenda driven publication. They led the article by referring to him as a "hard hitting team player" which I took to mean that he's pretty good at bowling and possibly billiards.
Last time I looked the derivatives outstanding on earth was north of 800 trillion.
as ziggy said; "Oh this should be good..."
Yeah, but you want to look at the net position which is about 1-3% of notional... which is about the GDP of the US. What could possibly go wrong?
Plus they have that nifty new 48 hour rule so they can find your swaps another home without affecting counterparties. Who needs regulation when you have diversification?
Like Lehman's net exposure was only $8bn according to them.
Bart Chilton redirected all of his funding into a secret hair gel account. On the brighter side, he looks fabulous.
You can bet Bart spends a couple of hours every day on his hair....its his signiture....his icon...and people tell him its beautiful everyday...so he primps all day long....spends more time on his hair than any regulation writing..that is for sure...
Wasn't Bart Chilton the guy John McClain killed at Nakatomi Plaza?
OT-I switch to Marketwatch for a second. An ominous headline is there : Dow loses grip on record high; stocks slide after sentiment data
The Dow was down 3.
Bagholder.
Obviously he's a man that can be trusted. You can tell because he's wearing a tie.
Also known as a Freemasonry cable tow, or Freemasonry noose.
Freemasonry Secret Oaths sworn while wearing the hangman's noose.
Break the oath and they kill you.
Freemasonry the creator of the Mafia.
Dodd-Frank? You kidding, right? I've lived to have known Glass-Steagall - and your Dodd-Frank is no Glass-Steagall. It's all been downhill, ever since ...
He may turn out to be no better, but can he really be WORSE than what was there for the past few years?
as an ex-derivatives professional, I will say this, when its blows it will blow BIG!
And that's exactly why they won't refrain from even the silliest measures to keep it from blowing ...
But I was told by Fed Chairman Greenspan that derivatives diversified risk as does securitization of mortgages . Shirley, you can rely on Greenspan, Dimon and Massad as well as former Congressmen who lobby for the big banks ! It's just one happy risk diversification family leaching and profiting from passing on risk to other institutions in an effort to stay afloat without collateral. Sooner or later it will sink from the weight of ever increasing debt in a sea of fiat printing that cannot be repaid. In essence the weight of debt sinks in a sea of weakened currency. Are you listening Janet ?
we used to have what they called dynamic hedging (I won't name the institute, its the big 4), which is suppose to hedge risk on the fly, hence ZERO risk. Didn't quite work, the whole department went up in smokes and flying colors. When you reply on computer algo, there is only so much its programmed to monitor and react to. In a market with a banded volatility profile, everything works accordingly, but when it spikes, god help us.
"But the fact is, TARP is a program that did its job,”
What? These fucking people are incredible.
It did it's job, he's just neglecting to specify the people it did it's job for. aka not us.
Yes. Somebody else commented above there isn't a ton of info on this guy.
Apparently he's been rubbing elbows with the likes of Neel Kashkari and Herb Allison for quite some time.
That's all I need to know.
Great news, he is buds with cash carry. Funny how that guy helped loot Amerika and now narry a peep.
Some days I wonder if these fuckers are scared to be seen in public so they take some of thier ill gotten gains and get as far off the grid as they can.
I thought I read somewhere that cash carry was living in a cabin somewhere. I'm guessing it's not on a main thoroughfare.
It wouldn't surprise me to see Kashkari and others living in far-flung enclaves a safe distance from the proles.
I did a half-assed search on some of these GSE pricks and saved it. They really make me sick.
FRANKLIN RAINES [D] – FNMA CEO (1999 – 2004) Raines accepted “early retirement” from his CEO position while the SEC pretended to investigate accounting irregularities. Fannie’s own OHFHEO also accused him of abetting widespread accounting errors, including the shifting of losses, so he and his fellow execs could “earn” large bonuses. The WSJ reported back in 2008 that Raines was one of several cronies that received below market rates for mortgages from Countrywide. Raines alone receive loans for over $3 million while CEO of FNMA. Raines’ compensation for his “work” at FNMA - $90 million.
RAINES GRADE – F
DANIEL MUDD [R] – FNMA CEO (2005 – 2008) Before becoming CEO of FNMA, Mudd worked at the Office of the Secretary of Defense, was an advisor to Asia-Pacific Economic Corp., “served” on the board of the Council of Foreign Relations, “consulted” at the World Bank, and held many positions at GE Capital including president and CEO. Mudd was dismissed as CEO of FNMA when FHFA became conservator in 2008. In 2011 Mudd and other GSE execs were charged by SEC with securities fraud. After his career at FNMA Mudd became CEO of a NYC hedge fund named “Fortress”. Fortress invested in purchasing tax liens on delinquent property taxes from local governments under many benign corporate names such as “Pleasant Valley Capital” and “Travis Farm Investments”. Cozy. Mudd’s compensation for his “work” at FNMA - $80 million.
MUDD GRADE – F
NEEL KASHKARI [R] – FNMA CEO (Tenure is murky) Kashkari was a former investment banker for Goldman Sachs, was tapped by Hank “The Shank” Paulson to lend his skills over at TARP HQ, and now rather ironically, continues God’s work as a Managing Director at PIMCO. Kashkari’s compensation for his “work” at FNMA is also murky; I’ll just assume it was too much.
KASHKARI GRADE - F
HERB ALLISON [D] – FNMA CEO (2008 – 2009) The esteemed Mr. Allison was quickly whisked off to oversee the wildly successful TARP program. I didn’t find much on his compensation during his brief stint as FNMA CEO. Allison served in various positions at Merrill Lynch and became a member of the board in 1997. He was a director of the NYSE from 2003 – 2005.
ALLISON GRADE – F
MICHAEL WILLIAMS [?] – FNMA CEO (2009 – Jan 1, 2012) Mr. Williams is a 20 year veteran at FNMA. While “serving” as FNMA CEO, Williams managed to scrape by on less than $6 million in 2011 alone. This could and should be considered a hardship, given the complexities involved in purloining ~ $60 billion of Fed bailout money.
WILLIAMS GRADE – F
FANNIE’S MAJOR DANCE PARTNER, FREDDIE MAC, HAS ALSO PERFORMED VERY POORLY.
Charles (my friends call me “Ed”) Haldeman has announced his retirement plans but intends to be a good sport and stay on with insolvent FHLMC until another crony can be found to fill his wing-tips.
That might take a while. “Serving” as CEO of the ultimate backstops for the lion’s share of the MBS Ponzi is very stressful.
We’ll have to accept former Freddie exec David Kellermann’s testimony posthumously. Mr. Kellermann was found hanging by the neck in the basement of his posh Vienna, VA home in the affluent suburb of Washington. D.C. way back in April of 2009. It is presumed he had no help and local police have stated there was no evidence of foul play.
Is he too from the 'tribe?'
As if there's a question with his freakish appearance and typical bald pattern.
goo goo g'joob bitchez [/walrus]
“It has worked faster, better, and cheaper than most people ever thought possible.”
of course it was cheap, it wasn't your money
Massad?! Are you shitting me? The son of a bitch looks like Oskar Schindler's book keeper. Nobody wants to call this what it is? These motherfuckers are a Fifth Column.
According to Jews, they never wanted to form a monopoly in the banking and financial industries, but historically the gentiles forced this upon them by banning them from other professions. Of course that isn't true, but to paraphrase a Polish proverb " the Jew cries out in pain while he strikes you".
Based on his name however, this guy could be an Arab.
Great! Just what this Country needs...another douche bag Harvard lawyer F***ing up the system. What a bunch of ass hats.
I'm soooo surprised {golf clap}
We still can't talk about it though - right?
So how many heads of the CFTC, Fed, and IRS in a row have been Jewish now? 2.5.% of the population, folks. Am I being "discriminatory"? in mentioning that this 2.5% seems to be almost exclusively appointed to any position of consequence having to do with banking, budget or finance - and these are appointments, there's plenty of incompetent Ivy League WASPs and tokens to choose from.
Jews no longer head the SEC or Office of Management and Budget. But they have the CFTC, IRS, Fed, FDIC, Sec of Treasury - and every single under secretary and the deputy sec of treasury, CBO, Council of Economic Advisors, National Economic Council*
Bureau of Economic Analysis {within Commerce), the US trade representative [and deputy!]
As well as a number of other agencies like the FCC and FDA and Federal Election Commission
I mean - what bothers me isn't so much the wild, wild, CRAZY over-representation, it's the fact that a] no one, not even ZH, would write an article about it - but too many white guys at the firehouse is fair game for the press, and 2] Abe Foxman would maintain with a straight face that Jewish control of the Fed etc. is an "antisemitic canard." He's currently in Israel meeting with other "Jewish leaders" from Israel and the rest of North America, periodically criticizing the US government for trying diplomacy with Iran.
What the fuck, man?? I mean - just what the fucking fuck??
https://en.wikipedia.org/wiki/List_of_federal_agencies
*
Past chairs include:
And yes, Virginia, Jews really do {mostly} run the Fed
http://www.globalresearch.ca/the-federal-reserve-cartel-the-eight-families
Maybe 'canard' means ' a true thing you can't say because we don't fear pogroms, but we fear the loss of our unrivalled power of the US economy, foreign policy, admission to the Ivies, etc etc.
It's fucking ridiculous we can't talk about this without being smeared as "antisemites." What a fucking magick trip.
See Ezra Pound and Eustace Mullins for some clarity.
Damn story spinning bastards...they are.
RIPS
Ummm, just FYI, the actual ethnic jewish population is MUCH higher. However, since they somehow got a law passed many years ago to make it illegal for the census to count their numbers, people tend to quote the number provided by the jewish authorities themselves. Does it not seem to be beneficial to hide ones numbers when one is trying to inobtrisively conquer a nation?
Remember, if you can't talk about someone they own you.
This and the following are lining up for their polonium sandwiches.
... Or NOT regulating as the case may be.
If based simply on actions, instead of words, it seems that the CFTC (and SEC) are simply there to provide cover for the banks that "own" the government.
I leave you regulators to it, and a one and a two.
I christen thee TINY TIM, a one anda two:
Tiptoe, thru the Derivatives, thru the Bullshit, Through the Opaque positions,
Tiptoe thru the Derivatives with me.....ahhhhhhhhaaaaaaaaa
http://youtu.be/skU-jBFzXl0
Glad to see him in there. We are well past the point to no return toward an economic collapse and a re-set of the country and economy. If they would put someone effective into the job, it would only serve to delay that collapse - not prevent it. This way, the collapse will happen sooner and we can move forward from there. As soon as one big bank bets on the wrong side of a huge leveraged derivative trade, it will take down everything.
Lol .. the future is being planned at a much higher level than this. One complicit toady or another does not make a difference. They are put into a position to make sure that nothing unexpected happens. That is all.
Is it possible to get a juicy government job in the US without being a member of the Law cabal?
From a non-Americans view, it doesn't look likely.
What a circle jerk/wank.
I think that we should review the rules for getting this policeman, and that is what this chap should be, a financial policemen.
When is it OK to have an EX Criminal (not even going to try and talk about getting a repentant ex Criminal), manage the criminals? WE are so fucked it is not even funny.
This from a country that chooses presidents by them being "guys we would like to have a beer with",
This country deserves this....
President Alfred E. Neuman Leading America's Bread and Circuses,
...Two Gulf Oil Wells leaking
...At least two Nuclear Power Plants leaking
...Cities and related Pensions going BK
...University Loan Bubble approaching $150 Billion
...Green Programs Ethanol and Solar...profited only by Cronies
...50% of children receiving Govt Food Aid
...100 million Adults unemployed
...50 million on Food Stamps
...Millions of High School Students Homeless
Approaching our Planet is one "Mother of All Wars, World War".
He needs to change those glasses for ones that black out at the first sign any manipulation in the markets, Joo Janta sunglasses would seem appropriate.
his last name is Massad? Kinda coincidentally creepy: #Mossad
lol
Free Francis Sawyer !!!!
He is the messenger , just as much as Snowden is.
All the ALGOs are partying their asses off over this one... JFC > CFTC= Corrupt Fucking Thugs Club.
Hide, stuff the bad stuff somewhere and deny,
He found nice government burial plots for the skeletons in the banker's closets. Probably dug up some Revolutionary War veterans or Thomas Jefferson or something to find space.
Another member of the tribe. Color me surprised.
He looks like his hobbies are barbecueing orphans, and breaking into show tunes for no apparent reason.
Moloch. Isn't that the diety to which these heebs sacrifice children?
That's where that famous line "doing God's work" came from..
Tim of Mossad to oversee the "weapons of financial mass distruction". How ironic.
Hey, it's not like he will be doin' all this " supervisen' 'an ensuren' " just on his own!
His secretary will be helpin' him. She makes a mean cup of coffee, too!
Everything will be just fine. This time it's different.
no anti semenism intended.
no anti masonic satanism in tended.
no racialismo in it but
is this ugly fucker jewish?
just askin.
Tony, Tony, Bubie, somebody's gonna put you on a list... just sayin'
double post burp
So he will tell the Mint to make 234 One Trillion Dollar coins and then all is good?
No worries.....
Make that a 1000 coin order, and it's probably still gonna be tight.
“Nobody ever wants to see TARP repeated. But the fact is, TARP is a program that did its job,” Massad said Sept. 30 at the Brookings Institution. “It has worked faster, better, and cheaper than most people ever thought possible.”
Or is TARP just another fraud that won't be exposed until the next crash?
the derivative world looks like the chess world now scheduled at Chennai. There is an awesome and "devil take hindmost" type opening play called "Dracula vs Frankenstein"...funny things happen when you get into that derivative tit for tat.
Was Chertoff's head cloned?
Anyway - the Govt that can't put a freekin web-site together wants you to believe that it can control/regulate the already gone-supernova quadrillion$ derivative market?
OKaaa...y, Sure thing, Why not...
I see more Paulson without the hinky pinky
We're doomed
Obongo hates jews... so this one came direct from Rothschild central control. Barry gets his choom and crack and personal backdoor lubricant... we get another mega-corrupt heeb. (no offense)
Obama likes anyone with millions of dollars to give to him.
Joo's and Dykes and Negroids on the front line for the TPTB...always looks like a freak show, where's my bread, I didn't want crumbs
Some of the more interesting bullets from Mr Massad's resume:
He has never supported a Republican campaign, no shocker there. He is from the Clinton camp, though.
And then, just to peek into an unmolested virgin mind, a bit from his undergrad days writing in the Crimson:
http://www.thecrimson.com/article/1977/5/3/battling-the-modern-sweatshop...
We are in the best of hands, kids.