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Tim Pawlenty To Head TBTF Lobby Group

Tyler Durden's picture





 

GOP presidential candidate drop out Tim Pawlenty, who until recently was considered a top VP running mate candidate for Mitt Romney, has shown his true colors, and has become the head of the Financial Services Roundtable, a U.S. bank lobbying group that represents JP Morgan Chase & Co and Wells Fargo & Co , among other financial companies, the group said on Thursday. This is also known as the TBTF consortium. From Reuters: "Pawlenty, who dropped out of the White House race early and quickly backed Mitt Romney for the nomination, takes over as president and chief executive office of the industry group on Nov. 1, it said in a statement. As the industry's top lobbyist, he will play a major role in the industry's efforts to make new Dodd-Frank rules, which Congress passed in 2010 in response to the 2007-2009 financial crisis, more favorable for Wall Street as regulators implement the law. The measure - a response to the crisis fueled by risky financial swaps trading at some firms that required multibillion-dollar tax payer bailouts - has yet to be fully enacted. "Few industries have more impact on the entire economy - and on the lives of average Americans - than financial services. I realize there is still work to be done to continue to earn customers' confidence," Pawlenty said in the statement. "Our members will best accomplish that goal by responsibly investing every day in our communities and job creators," he added."

None of this hopefully comes as a surprise. After all Pawlenty's primary donor group was Wall Street:

However, when compared to Chuck Schumer, we doubt that had Tim Pawlenty told the Chairman to "get to work" he would have gotten quite the same spirited response.

Perhaps instead of engaging in meaningless "he said, she said" theater, the US political system can finally reply to one simple question: just whose interests does it represent?

It certainly is not "the people's"

 


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Thu, 09/20/2012 - 09:49 | Link to Comment Bazinga
Bazinga's picture

And is anyone here surprised?

Thu, 09/20/2012 - 09:54 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Send Lawyers, guns, and money.

 

Hold the lobbyists.

http://www.youtube.com/watch?v=QPlMmwOq7U8

 

Thu, 09/20/2012 - 09:57 | Link to Comment Harlequin001
Harlequin001's picture

'"Our members will best accomplish that goal by responsibly investing every day in our communities and job creators," he added."'

whilst we tax the poor buggers to death...

Thu, 09/20/2012 - 10:03 | Link to Comment krispkritter
krispkritter's picture

'No one could have seen this coming...'

Thu, 09/20/2012 - 11:35 | Link to Comment redpill
redpill's picture

Hopefully he isn't any better at lobbying than he is at running for President.

Thu, 09/20/2012 - 10:12 | Link to Comment Precious
Precious's picture

... and Ron Paul heads the WTF group.

Thu, 09/20/2012 - 11:32 | Link to Comment YouAreBliss
YouAreBliss's picture

Put Romeny in there and see what happens.

Forget the 47% it's all about the .00001% - Jaime, Lloyd, Dick, Brian and Bob (say hello to your true masters)

Thu, 09/20/2012 - 09:50 | Link to Comment MiltonFriedmans...
MiltonFriedmansNightmare's picture

Tyler, so what you're saying is, the insolvent Wall St. banks are buying off the politicians with taxpayer funds?

Sounds about right to me; Carry on.

Thu, 09/20/2012 - 10:08 | Link to Comment krispkritter
Thu, 09/20/2012 - 11:34 | Link to Comment YouAreBliss
YouAreBliss's picture

And Jamie says - "that's how it's gonna be - so get over it"  Now back to the mines!

I need a larger Gold Throne.

Thu, 09/20/2012 - 09:51 | Link to Comment pemdas
pemdas's picture

He sees the handwriting on the wall.  Only 4% more and the 47% will rule the country. Regulation pedal to the floor!!

Thu, 09/20/2012 - 10:43 | Link to Comment Urban Redneck
Urban Redneck's picture

You don't appear to get it, the Redistributionist-in-Chief signed his name to Dodd-Frank.  The 47% or 51% are SLAVES to their ideological masters.  They will not benefit from the tipping of an artificial balance scale.  ZIRP is required to maintain the ponzi for the masses, which creates inflation which sucks the wealth from those masses, meanwhile the FED hands out free $ to the TBTF bank license holders in exchange for their phantom assets to make up for inflation that that the FED is fucking everyone else with.  More regulation won't fix this, and it won't be designed to.  The holders of banking licenses rule the FED which controls the country and decides on the flow wealth.

Thu, 09/20/2012 - 10:58 | Link to Comment kridkrid
kridkrid's picture

Nice post. Regulation is a red herring. The "problem" can't be fixed. The system, as it was designed, can only survive until the cost to maintain debt overwhelms the real economy that exists inside the financial Ponzi scheme. If half the people believe that a lack of regulation has destroyed this "thing" and the other half believe that it is regulation that has destroyed it, then the real conversation that should be happening, "what is the very nature of our monetary system" doesn't have to happen and thus hides the true nature of the oligarchs...Blood sucking parasites.

Thu, 09/20/2012 - 11:40 | Link to Comment samsara
samsara's picture

"...can only survive until the cost to maintain debt overwhelms the real economy..."

 

"The illusion of freedom [in America ] will continue as long as it's profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way and you will see the brick wall at the back of the theater." ~Frank Zappa
Thu, 09/20/2012 - 11:49 | Link to Comment Overfed
Overfed's picture

Ol' Frankie was spot on with that observation. We're fast approaching the crossing of the Rubicon, and nobody seems to know or care.

Thu, 09/20/2012 - 11:37 | Link to Comment YouAreBliss
YouAreBliss's picture

This GOP is such a fucking bunch of hypocrites!!

Thu, 09/20/2012 - 11:45 | Link to Comment mccoyspace
mccoyspace's picture

"ZIRP is required to maintain the ponzi for the masses, which creates inflation which sucks the wealth from those masses, meanwhile the FED hands out free $ to the TBTF bank license holders in exchange for their phantom assets to make up for inflation that that the FED is fucking everyone else with....  The holders of banking licenses rule the FED which controls the country and decides on the flow wealth."

A year and a half of ZH reading synopsized in 2 sentences. Well done!


Thu, 09/20/2012 - 11:18 | Link to Comment otto skorzeny
otto skorzeny's picture

my fave-"Pro-Israel"- kind of says it all. It pays well to be a congressional whore to AIPAC's pimp. I'm glad my kids are way too young to be drafted to fight the yids' wars.

Thu, 09/20/2012 - 09:52 | Link to Comment q99x2
q99x2's picture

This is not fair but a whole list of politicians and their largest contributors would be nice to pass out at the voting locations.

Thu, 09/20/2012 - 10:36 | Link to Comment kridkrid
kridkrid's picture

Kind of like a nutritional label, no? If you knew what your candidate was made of, you might make different choices. Of course in our single party system of r vs d, the choice is between a ding dong and a ho-ho. Same ingredients, different packaging.

Thu, 09/20/2012 - 11:53 | Link to Comment Nobody For President
Nobody For President's picture

Fair? Hell, it ain't even legal...

Thu, 09/20/2012 - 09:53 | Link to Comment JailBank
JailBank's picture

Have these guys got together yet to pick the next president yet? I would like to know the outcome of the election before Halloween if possible.

Thu, 09/20/2012 - 09:53 | Link to Comment LongSoupLine
LongSoupLine's picture

 

 

uhhh...gasp?

Thu, 09/20/2012 - 09:53 | Link to Comment disabledvet
disabledvet's picture

And Minnesota says PHUCK YOU TOO New York!

Thu, 09/20/2012 - 09:55 | Link to Comment Everybodys All ...
Everybodys All American's picture

I thought for sure it would be Corzine.

Thu, 09/20/2012 - 12:41 | Link to Comment XitSam
XitSam's picture

Nah, Corzine is too busy vaporizing his new hedge fund.

Thu, 09/20/2012 - 10:00 | Link to Comment FubarNation
FubarNation's picture

Traitor to the Republic. 

 

I don't think there is a solution to the banks anymore.  If you Nationalize them then we the people are on the hook for all their fucking around.

 

Perhaps we just let them fail.  Pick up the peices and start over.  National bank that takes over the Fed as well.  Contstitutional money creation under control of Congress like the Founders wanted.

 

Fubar

Thu, 09/20/2012 - 10:07 | Link to Comment Dr. No
Dr. No's picture

Greenbacker huh?  What makes you think CONgress issue more stable money than the FED?

Thu, 09/20/2012 - 10:42 | Link to Comment kridkrid
kridkrid's picture

Or don't issue a monopoly on the creation of money... To anyone or any entity. It's a peculiar thing how we easily recognize the abusive nature of unearned monopolistic power, yet so freely assume it to be the natural state of "money".

Thu, 09/20/2012 - 09:57 | Link to Comment fuu
fuu's picture

Tim Pawlenty is a wimpy talent, a limp twenty if you will.

Thu, 09/20/2012 - 11:12 | Link to Comment OneTinSoldier66
OneTinSoldier66's picture

Like Alanis Morrisette would say, his (hand)shake is like a fish.

Thu, 09/20/2012 - 09:57 | Link to Comment docj
docj's picture

And the wheels on the bus go 'round and 'round...

Thu, 09/20/2012 - 09:59 | Link to Comment Chippewa Partners
Chippewa Partners's picture

MN will take it in the ass like every other state.   This will allow the banks to enable the FARMERS to keep taxpayer money rolling in with record crop prices.

Tom Daschle of ethenol fame is still one of the biggest scum in America. 

 

Thu, 09/20/2012 - 10:04 | Link to Comment Dr. No
Dr. No's picture

recently I learned chemical plants can covert natrual gas to ethenol for about $1.50 a gallon or better.  However, it is ILLEGAL to sell this ethenol in the US and therefore they export all of it.

Thu, 09/20/2012 - 10:39 | Link to Comment FubarNation
FubarNation's picture

Drip gas can be taken right from the well and put in your gas tank.   There are drip gas bandits that roam wells for this.

Thu, 09/20/2012 - 10:43 | Link to Comment Manthong
Manthong's picture

What area?

I'm thinking of relocating.

Thu, 09/20/2012 - 10:46 | Link to Comment Dr. No
Dr. No's picture

I will look into this.  My dream is to install an old school diesel into my truck.  Burn drain oil, vegi oil, diesel, and now drip gas.  woot!

Thu, 09/20/2012 - 11:40 | Link to Comment YouAreBliss
YouAreBliss's picture

Don't forget old GAS BAG (R) Grassley - never saw a socialist farm subsidy he didn't like.

Thu, 09/20/2012 - 10:01 | Link to Comment Number 156
Number 156's picture

And Romney says that 47% of people are dependent on government handouts, TBTF corporations are the largest of all welfare recipients.

Thu, 09/20/2012 - 10:05 | Link to Comment krispkritter
krispkritter's picture

Congress is the biggest of all Corporate 'Welfare' recipients...

Thu, 09/20/2012 - 10:43 | Link to Comment RSloane
RSloane's picture

Plus 100 if I could to you, Krisp, they are indeed welfare queens, every single one of them.

Thu, 09/20/2012 - 10:01 | Link to Comment Dr. No
Dr. No's picture

Big mistake.  Need someone with some more back bone than minnesota nice.  Although, just about anyone could walk into a meeting, plop down a "I represent JPM" and immediatly be the strongest guy in the room.

Thu, 09/20/2012 - 10:43 | Link to Comment SubjectivObject
SubjectivObject's picture

I have first hand experience about this, and you may be informed that in that when is comes to politics and the corpratist oligarchy, Minnesota Nice is merely an euphamism for Minnesota Stupid.  Pawlenderswhore is not stupid, he's evil.  What's stupid is who put him there.

Thu, 09/20/2012 - 10:02 | Link to Comment the not so migh...
the not so mighty maximiza's picture

What a man whore

Thu, 09/20/2012 - 10:12 | Link to Comment Arnold Ziffel
Arnold Ziffel's picture

This stuff gives meaning to Nietzsche's phrase, "God is dead."

Thu, 09/20/2012 - 10:13 | Link to Comment Schmuck Raker
Schmuck Raker's picture

NJ Governor, MN Governor....SSDD.

Thu, 09/20/2012 - 10:16 | Link to Comment “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

I hope he has an office in Benghazi.

Thu, 09/20/2012 - 10:17 | Link to Comment Jim in MN
Jim in MN's picture

He won't last.  I know this sounds hard to believe but he is actually too honest for this bunch of fuckfaces.

He will, however, last long enough to pay his debts off before moving on to think tanks, universities etc.

2 years absolute tops.  And that will be a struggle.

Thu, 09/20/2012 - 10:40 | Link to Comment Manthong
Manthong's picture

Hmm..

Is that like "She's a good girl and she's only hooking and doing porn long enough to pay off the student loans."?

Thu, 09/20/2012 - 10:25 | Link to Comment spanish inquisition
spanish inquisition's picture

He can take all the experience screwing over MN that he did to propel him to the national stage and now work on screwing over the country. Mr accounting shift/ raising fees not taxes is more dangerous than most, because he is in a cute little aw shucks package.

Thu, 09/20/2012 - 10:45 | Link to Comment RSloane
RSloane's picture

Puh-lease! He is NOT CUTE. He looks like he swallowed his own chin.

Thu, 09/20/2012 - 10:33 | Link to Comment SmoothCoolSmoke
SmoothCoolSmoke's picture

He knows their is not going to be a job for him in the Romney Administration....................  cause he knows there ain't gonna be a Romney Administration.   Just another guy covering his ass(ets).

Thu, 09/20/2012 - 10:33 | Link to Comment SubjectivObject
SubjectivObject's picture

Proof positive that the Minnesota electorate is degenerated to retarded mush.

Thu, 09/20/2012 - 10:40 | Link to Comment Lost Wages
Lost Wages's picture

Paul Wellstone died. The liberals were left with nothing but Al Franken and Amy Klobuchar. Then... Michelle Bachman and Tim Pawlenty rose from the 10,000 Lakes to represent confused conservatives. Seems like a nightmare.

Thu, 09/20/2012 - 10:52 | Link to Comment fuu
fuu's picture

Then there was Jesse.

Thu, 09/20/2012 - 11:35 | Link to Comment samsara
samsara's picture

Paul Wellstone didn't die,   He got "Wellstoned"

Google it,  it's part of the lexicon now.

 

Urban Dictionary: wellstoned

To die in a plane crash after being a strong vocal critic of an unpopular political position.

Thu, 09/20/2012 - 11:41 | Link to Comment Jim in MN
Jim in MN's picture

The rot had already set in in 1988, when the state party refused to let n-time presidential candidate Harold Stassen have a seat in the national convention delegation...because he was pro-choice.

 

Oh, and here's a nice little essay on the 'paradox' in MN politics featuring Reps Ellison and Bachmann, who represent neighboring districts.

 

http://religionandpolitics.org/2012/07/23/minnesota-a-professor-tells-a-...

 

Thu, 09/20/2012 - 10:40 | Link to Comment Scalaris
Scalaris's picture

Of course you can rely on me, for keeping the wolves in check, in a fair, ethical and democratic manner.

- Sheep

Thu, 09/20/2012 - 10:43 | Link to Comment Meesohaawnee
Meesohaawnee's picture

would the better headline be to "TBTF Bribe Group?"

Thu, 09/20/2012 - 10:51 | Link to Comment dadichris
dadichris's picture

i hope the TBTF produce a film denigrating Muhammad

Thu, 09/20/2012 - 11:08 | Link to Comment AgShaman
AgShaman's picture

We have 'Pawlenty' of taxpayer monies to bail out these failures in business

Thu, 09/20/2012 - 11:43 | Link to Comment DR
DR's picture

My vote for the LOL De Jour award!

Thu, 09/20/2012 - 11:11 | Link to Comment Meesohaawnee
Meesohaawnee's picture

how fitting on a trading site. A commercial about a product to wipe my ass..

Thu, 09/20/2012 - 11:18 | Link to Comment ZackAttack
ZackAttack's picture

In a way, it's reassuring that the Inner Party doesn't actually *believe* the prolefeed.

http://www.youtube.com/watch?v=52ZyYbYpN9Q

But, you know, couldn't he have waited 6 weeks?

Thu, 09/20/2012 - 11:28 | Link to Comment YouAreBliss
YouAreBliss's picture

GOP = Bankster Whores (except Ron Paul - not his suckup son)

Thu, 09/20/2012 - 12:03 | Link to Comment Nobody For President
Nobody For President's picture

Ahh yes, the Financial Services Roundtable, serving the public since 1993: Fried, boiled, and baked.

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