Elijah Cummings Is First Political Muppet To Issue Goldman Op-Ed Response

Tyler Durden's picture

It was literally a matter of hours following the release of the now historic Greg Smith "Muppets" Op-Ed, before the true criminals enabling the slow motion trainwreck of the Keynesian klepto-fascist experiment became heard. Sure enough, here is Elijah Cumming indicating he has the most to gain by scapegoating a firm that between Vampire Squids and Muppets is slowly being mocked into the same relevancy as an HR Giger petting zoo.

Washington, D.C. (Mar. 14, 2012) – Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, released the following statement in reaction to an op-ed by former Goldman Sachs executive Greg Smith that described the company’s culture as “toxic and destructive”: 


“Even after Goldman received a $10 billion taxpayer bailout and paid the largest SEC settlement in history for misleading its investors, it still hasn’t learned the lessons of the 2008 financial collapse, according to this insider. Putting its short-term corporate profits before the interests of its own investors and clients is exactly what helped cause the economic collapse and what continues to corrode Wall Street.”

In other news not a single Congressional or Senatorial muppet (a term Zero Hedge used long before the reverend Mr. Smith) announced today they will henceforth not accept any bribes, pardon, donations from Wall Street and/or corporate America. Or in this case, the same Transportation unions that received a far greater than $10 billion bailout as part of the GM "reorganization" (make that $16 billion) that made a mockery of contract law even more than the Greek bankruptcy.

Source: OpenSecrets

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Flakmeister's picture

Bork! Bork! Bork!


So wait, the banksters can't make money without stealing from their clients? Shocking news......And so big of Mr. Smith to come clean after all those years.  Can you please return all of the money that you stole plus interest plus pain and suffering and then perhaps we can talk about it. 

Flakmeister's picture

Naw... won't happen, any clawbacks would rightly be found unconstitutional....

The way I see it, if they got a Ken Starr clone with a $100 million dollar budget they could get these guys to perjure themselves with endless supeonas and cross examinations....

That might be the only way to get em....

Central Bankster's picture

So wait, Elijah thinks there is a difference between bloodsucking bankers and bloodsucking politicians?  Har har...

Carl Spackler's picture

Which goes right to Tyler Durden's point...a political muppet.

michael_engineer's picture

Maybe the banking industries business model of the past 6 decades isn't working too well anymore. It's possible that it is being structurally challenged by resource availability.

Flakmeister's picture

Once upon a time they were happy with the 1-2% of the economy that they skimmed off...

They legitiamtely earned that vig... then the '80s happened and the limits to greed were dismantled...

They still serve a purpose, but at 1/10 the size and in a general partner/limited partner structure...

Pizza man's picture

Read the article again. He didn't come clean. He intimated he didn't participate in the ripp-offs so nothing to come clean about.

As if any of the heros on this site would readily give up a multi-six to seven figure income on pure principal. Now we call for him to give it back with interest. HYPOCRACY...

For all we know at this point, the kid should be taken at face value. Or, he was turned down for partner and is pissing all over everybody with a few burned bridges thrown in for good measure. One or the other.

Dr. Engali's picture

Spoken like a true criminal from the house of Goldman.

CompassionateFascist's picture

You twit. I just gave up a 6-figure MONTHLY income: $1,240.63

NB: "principle".

Antipodeus's picture

"Pizza Delvery Man".  ;=P

trebuchet's picture

aaww dont be such a muppet!  you and i know it isnt going to happen.

LongSoupLine's picture

If I were to choose a Muppet, I'd say Elijah was Fozzy Bear.

max2205's picture

He's black. Move along, leave him alone.

spiral_eyes's picture

Elijah is cumming hard right now.

weinerdog43's picture

Actually, it's not easy being Tyler when you're giving blow jobs to Mitch McConnell.  Fair and balanced don't ya know.

Bunga Bunga's picture

Get over it, muppets are there to make money!

nmewn's picture

Dats raaaycist.


Only three?...oh come now...lol.

"I think when they (tea party) can vote for a Herman Cain and hear him say the things that he says, they feel like "Well, you know, I can, I support this guy...so it shows that I'm not racist and I'm supportive" - Elijah Cummings

Only in the twisted logic of the race baiter can a "racist" vote for what they percieve as inferior...remember...they are supposedly racist...right? 

Or is he calling him an Uncle Tom?

Boy, wouldn't I love to crawl around in this guys head for a half hour...with a "free", state mandated, full Fluke body condom on, of course ;-)


And speaking of Fluke...(no...I won't let it go)...58k a year for a Georgetown Law degree that when she graduates the average starting salary for her will be 160k, but she can't afford nine dollar a month birth control pills...she's dating a one percenter's son...and taking european vacations...lol.

Well duh.


YC2's picture

I like this muppet meme, hopefully its got legs

ihedgemyhedges's picture

Just wait 'til all the strippers come out with their responses......................

Cursive's picture

Headlines from 2015:



"Call Girl Says Lloyd Liked To Deficate In Diaper"


NY Post:

"High Priced Honey:  Blankfein Liked a Crap and Wipe"



"Is It Time To Dip Your Toe Back Into Stocks?"

Central Bankster's picture


Heard at the local brothel:


Goldman Sacks

Just the tip

Flakmeister's picture

Anyone remember the movie "Heavy Metal" and the trial of Captain Stern??

"Hangin's too good for him...."

"He ought to be cut into little itty bitty pieces"

Sounds like a good recipe for calamari...

CompassionateFascist's picture

esp segment where Pentagon Jewess gets kidnapped by space aliens; seduces toaster; then demands Jewish wedding.

TradingJoe's picture

We all live in ABSURDISTAN now!!

MrBinkeyWhat's picture

You can't make this stuff up. No body would buy it...

Seasmoke's picture

So we've been told and some choose to believe it.
I know they're wrong wait and see.


SumSUN's picture

"it still hasn’t learned the lessons of the 2008 financial collapse,"

They've learned a lot.  The more they learn how to screw us, the more we get screwed!

Outlaw Of The Wasteland's picture

 "Someone's broken Ape law"  - elijah cummings

blindman's picture

Dancing squid bowl dish in Hakodate
sometimes things are just what they seem to be.
sick and cruel but for some reason? funny.
i think i need help with this.

surf0766's picture

How much did he get from them? Who are his top donor's?

Thunder_Downunder's picture

"This is disgraceful."


"I've received advice from Loyd these strongly comments are acceptable, and I may now I glare ominously."

Everybodys All American's picture

well break them up then dumbass ...

Dr. Engali's picture

The theives are turning on each other.

lizzy36's picture

Congress has a more toxic dysfunctional quid pro quo environment than Goldman could ever aspire too.

Catullus's picture

Even after they got billions of dollars for doing what they were doing, they kept on doing it!!!

This crisis is just the gift that keeps on giving. How much credibility can these people possibly lose?

No bother getting pissed off. Just laugh at these people.

Encroaching Darkness's picture

"slowly being mocked into the same relevancy as an HR Giger petting zoo"

BUT, BUT, they're CUTE, and CUDDLY, and our bioweapons division thinks they have real potential.....

+10^6 little facehuggers for H.R. Giger reference!

Coke and Hookers's picture

I would love to take all keynesians in the world on a field trip to the HR Giger petting zoo. Come on boys! Pet the nice queen. She likes it!

Cursive's picture

It's time to put on makeup, It's time to dress up right....

Stax Edwards's picture

It is absurd to say Goldman learned nothing from the crisis.  Quite the contrary, they learned that no matter how egregious their theivery becomes and no matter how big their losses might be, by simply becoming a "bank" (where the hell are the branch locations and ATM's anyway?) with the FED's blessing they will be backstopped by the US taxpayer.  It is genius plan from an organization that you should expect nothing less from.  Heads they win tails we (taxpayers) lose.  Frankly anyone offered such an opportunity would be a fool to turn it down.  Unfortunately for most of us, our former co-workers do not run the FED.  I for one am looking forward to the FED extending employment offers to both Blankfein and Corzine in short order since both of their private careers seem to be going up in smoke.  Here's to many more years of Goldman alums running the US Treasury and Fed!

Dis:  Considering predicting Blankfein's departure from the Sach by the end of the year on Intrade.  Anybody got the over/under?

Coke and Hookers's picture

Correct. Goldman now has several new revenue streams thanks to their subsidiary; the US Government: Current taxpayer money, future taxpayer money and taxpayer assets.