My advice to Pres. Obama: "pecora" them! No ifs or buts and no Mr. nice.

Just call US now :

_________ The United States of Goldman Sachs.

The depth and breadth of this is amazing

Read

http://tinyurl.com/Goldman-Conspiracy

or

http://www.sott.net/articles/show/182789-Jack-Bauer-can-t-stop-The-Goldman-Conspiracy-

Namaste

Suit Claims JPMorgan Aided Madoff's Fraud

Diana B Henriques
New York Times
Sat, 25 Apr 2009 11:34 UTC

"Victims of Bernard L. Madoff's Ponzi scheme have accused his banker, JPMorgan Chase, of aiding his crime by maintaining his checking accounts and trading with his brokerage firm long after the bank itself realized that its prized customer was running a vast fraud.

The accusation was made in a lawsuit filed late Thursday in federal court in Manhattan by lawyers representing one of the latecomers to Mr. Madoff's scheme, a Florida partnership that deposited $12.8 million with him between October and early December.

A spokesman for the bank denied the accusation. "The allegations in this lawsuit are false and misguided and we look forward to swift vindication in court," said Brian Marchiony, after the bank's legal staff reviewed the complaint.

Mr. Madoff was arrested on Dec. 11 and pleaded guilty on March 12 to securities fraud, perjury and money laundering. He is in jail awaiting sentencing, currently scheduled for mid-June.

In admitting his crime, Mr. Madoff acknowledged in court that he had moved hundreds of millions of dollars through his checking accounts to give the illusion of active investing, when in fact he purchased no securities at all for his thousands of clients.

But according to the new lawsuit, the average balance in his checking accounts at JPMorgan Chase ran into the billions of dollars between 2006 and the middle of 2008, as nervous customers moved money from seemingly riskier investments into Mr. Madoff's hands.

Those enormous account balances, coming in from investors from all over the world, should have attracted the bank's attention, the complaint said. "Chase Bank permitted all funds from putative investors to be commingled in a single account and permitted Madoff to withdraw the funds as he saw fit, without limitation," it continued.

Then, in September 2008, the cash balance "began to drop precipitously," sometimes hovering near zero until Mr. Madoff could transfer fresh funds in from his London affiliate, according to the lawsuit. "In November 2008, the balance dropped close to zero several times," the complaint said, as "$300 million was deposited by victims to the Chase account and Madoff withdrew $320 million."

That violent ebb and flow of cash "did not comport with the banking patterns Madoff had demonstrated in the prior decade" and should have raised alarms at the bank, said Howard Kleinhendler of Wachtel & Masyr, the law firm representing the plaintiffs, a partnership called MLSMK Investments Company, based in Palm Beach, Fla.

In January, the bank acknowledged that it began withdrawing $250 million of its own money from one of Mr. Madoff's largest feeder funds, the Sentry funds operated by the Fairfield Greenwich Group, last September.

In response to questions, it said only that the action followed a review of the funds by the bank's due diligence staff.

Besides doing that due diligence and observing Mr. Madoff's checking accounts, the bank had another window into Mr. Madoff's business last fall, the new lawsuit asserts. That was the equity trading operation at Bear Stearns, which the bank acquired when it took over the investment bank in March 2008.

Bear Stearns had been steering a significant amount of stock transactions through his firm for years, Mr. Kleinhendler said. His complaint claims that the continuation of this prestigious trading relationship helped Mr. Madoff to deceive prospective investors to the very end of his scheme.

But that relationship also should have allowed the bank to see that the cash moving through Mr. Madoff's bank accounts far exceeded the amounts that could have been invested through his trading operations, Mr. Kleinhendler said.

If the bank had acted on its widening knowledge about Mr. Madoff's operation and pulled the plug on his bank accounts in September, when it pulled its own money out of the Sentry feeder funds, the plaintiffs would not have lost the $12.8 million they deposited in the final weeks of the fraud, the complaint concludes."

For student loans, Obama wants to bypass the middle man and lend directly to students. Why not the same for banks. Since big banks lend to middle-sized and small banks, why not give TARP money straight to these banks and bypass the Citibanks, B of As, and Goldman Sachs of the world.

Second, for the most part, Obama seems very non-confrontational on most fronts, not just the financial situation. But some actions he takes are surprisingly forceful. So hard to predict where he is going with banks. I can't figure out how much sway Geithner and Summers have on Obama. Are they the ones who convince him that he should follow these policies and keep intact the status quo, does he actually believe this himself, or does he not believe this but is too timid to do something? It is also possible that he is putting steps in motion to set up the banks to get them to do what he really wants (I hope he is that smart). Time will tell.

Keep the pressure on!

Greider's article presents the current banking/political crisis in the right light. His prescription - keep the pressure on and ratchet it up - is exactly right. His tone - urgent but not despairing - is how we need to hold it.

For the commentators who keep pronouncing Obama a betrayer or fraud and beyond redemption, and who hold up his lack of opposition to the bankers as proof, I ask you to consider this: If Obama is planning to act against the plutocrats, and if he tips his hand, they have many ways to massively sabotage his move, and it could set off a worldwide panic. So if he does plan to act, it needs to be a closely-guarded secret, and when he acts it needs to be a complete surprise.

Some Friday afternoon, after the markets are closed, 10,000 Federal Marshals and bank regulators - on about half an hour's notice - would descend on the banks, padlock them and seize their records and computers. Then Obama would go on the air to announce a Bank Holiday and appeal for calm and support. That would be the first we'd know of it. The Zogby poll which Greider quotes - showing only 6% support for the bailouts - is very important news for Obama if he is considering this. The public is ready support him.

Will this happen? There is no way we can know. All we can do is keep building the pressure and keep our faith in its possibility.

Chris Horton

Let's get them dogs fixed.

The really big dog on the block is President Obama; the rest are just members of the "me-too" pack of jackels. If everyone stopped using their credit cards and went to cash, these wimps would crawl away and leave us along. Good riddence to all of them.

It's not a matter of fortitude - Obama won't stand up because he never had any intention of standing up to them. Can anyone provide even ONE quote from his campaign saying that he would do that?

It isn't all just on Obama's shoulders. It was Congress that deregulated a lot of areas (eg, Glass-Steagall) leading to this mess and Congress which bears responsibility for fixing it. Not that I'm that hopeful, just that nobody has mentioned their role in this yet.

Obama will be able to reform the national-security state that he inherited from W and the demoblicans, only if both republicans and democrats ask for drastic changes to it, or if there is a massive popular outrage demanding such changes.

By releasing the memos he started this process, but now it's up to us to stoke public outrage.

Obama simply cannot risk dismantling W's national-security state cold turkey just by himself to please some fringe bleeding hearts. If he did it alone he would expose himself and his longterm plans for the nation to a devastating PR catastrophe were an out-of-the-blue terrorist attack to take place after the dismantling.

Similarly, we should never forget how much money fat-cat investors, health-care sharks, and other leeches are fighting for these days.

Obama cannot go against these masters of the universe cold turkey and take away the cake from them.

If he did, this neo-feudal class of parasites would cough up in a sec more than enough savings to hire full time and for several years every one of the many mercenary armies of the USA plus the whole of organized crime, just to get have him killed.

Obama must proceed carefully so he can change things when it is possible. Time is on his side since the several trillion dollars of financial vaporware that need to be "saved" cannot possibly be "ameliorated" without ruining the USA or ruining the fat cats.

So we must be patient and careful about what we ask for else we may end up having to whine about "the friend of the usurer" aka Joseph Biden...

the whining and hoping for the great leader's redemption must stop. What is needed urgently from the left now is

i) that it pressures lazy left-wing economists, historians, and political scientists so they finally make the effort to find out in detail --and then publicize loudly and non-stop-- which are the great fortunes that demoblicans are trying to save when they cry wolf about "saving the financial system" --including useful idiot Krugman initially ; and denounce with names (but no addresses) the owners of these fortunes as members of a neo-feudal class that has bribed for decades mainstream demoblicans, journalists, pundits, and economists and is mobilizing them now to scare us into saving this class of parasites from its apocalyptic exposure to wrecked financial vaporware, i.e., to save this class' political and economic power (no, nobody wants to save "the banks" or "WS", how can anybody be so naive and fall for such an obfuscation!);

ii) that it convince the public that the bailout money should be used to jump-start the economy directly with or w/o the co-operation of WS and private banks; and+

iii) that it mobilize the whole nation to confront Obama and the demoblicans at every stop with questions about who are the specific *individuals* who would benefit personally most if the financial system is "saved" and why exactly these *individuals* deserve so badly to be saved at a price of billions of dollars each.

iv) that it mobilize everybody to demand from Obama and the demoblicans that they prosecute the torturers and restore the rule of law to the USA.

Changing the public's mood, its informational sophistication, and its argumentative readiness will give Obama the freedom to move in the right direction. He is smart, he does not want to be a martyr and go down in flames.

So let's stop complaining about WS, the banks, and the great leader's lack of leadership, courage, vision, blah, blah, blah.

Let's make sure the citizenry understands where Obama should go and why, and that it starts demanding it and loudly so.

Ask the citizenry, e.g., if it really wants that the Randolphs' billions in derivatives be purchased at face value from them by the taxpayers "to save the financial system".

All this talk about testicles takes me back to my days at Democratic Underground. ;)

The folks at Democratic Underground were forever talking about how the Democrats are not ballsy enough and brave enough to handle those big tough Republicans. Who knew politics was a fist-fight?

This is what an Obama conversation to his financial masters sounds like:

"We sick, boss? What can I do for you, boss?"

his presidency is doomed to failure (although i'm hoping he doesn't renege on appointing some younger liberal judges on the supreme court first). for what it's worth this is a golden opportunity for the progressive community. the faster the situation deteriorates, the sooner reticent middle class consumers will understand the fallacy of expecting 10% returns on their investments year after year in a system that is rigged against them. class consciousness can not be created out of thin air - words in texts are a poor substitute for personal experience - suffering.

so in the interim as our economy continues to implode we can expect higher unemployment, bread lines, crazy depressed gun wielding lunatics, soup kitchens and a lot more human suffering. it's par for the course - had roosevelt failed we could have gone through this transformation 75 years ago.

crisis precipitates change (not placards demanding hope). the deeper the crisis the greater opportunity for systemic change.

...peace...

Uh, I doubt he's being bullied by the Wall Street Mafia. Considering his upper-middle class background, he probably identifies with them. If Obama were truly a populist, he would have had them all jailed without giving them a dime. All of the rescue money would have went to the people instead. The author is being too kind to the President as it's pretty obvious by his appointing the deregulators that he's complicit in the crisis.

The quarrels between Obama and his Wall Street campaign benefactors now collecting massive subsidies are stage-managed for public consumption like a WWF wrestling match. This is just to give him political cover.

Just imagine for a moment that YOU were approached and offered the job of running for the President of United States with the best financial backing ever in the history of the country. And that the boundaries of your sandbox were clearly outlined. And the formation of boobs and penises is clearly not allowed. Would YOU take the job and HOPE that the public supports you in attacking the established powers of the Corporate-Military-Prison-Judiciary-Industrial Complex; The out of control MONSTER with its own resource strapped WILL, this creature by the way includes the CIA and the Secret Service. How would you react in a den of pre-selected pariahs(cabinet posts), IF you were lucky enough to have a SOUL sold to the DEVIL or not. If YOU had to protect your family and your self and your sanity and provide a reasonable degree of national and international order (albeit “reasonable” is highly unreasonable) and all in that order of importance. Would You first try to bait the MONSTER with an nice plate of food, ie; Afghanistan and Bailouts And Then HOPE that the PUBLIC stands up and Gives the severe directive and backing for some REAL resistance to planetary destruction and genocide. Is OBAMA BLUFFING when he says, “My administration is the only thing between you and the pitchforks," from the ABC news link “a fake check for 25 Billion.” Is that story even real?
The cool thing is that if we really stand up with any and all forms of non-violent activism, resistance, and sabotage the bankers will really see those “pitchforks” and so will Obama, weather or not he has the Bob Marly-Black Panther-Billie Holiday soul we all want him to have. We don’t want to underestimate the desire to be a “man of the people” and Rock Star of the universe. If we part the seas for him he will go. If not he will take refuge in feeding more to the MONSTER.

Just before the election a lady Astrologer said that Obama had a weak Mars in his Natal Astrology Chart and thus would make a weak leader. Joan Baez and Mahatma Gandhi had strong Mars in their Natal Charts, warriors for peace. NASA Astronomers are secretly aware that the solar cycle warmer periods of more sunspots and cooler periods of less sunspots are associated with Uranus and Neptune in traditional astrological angular positions with Jupiter and Saturn. This cannot be explained by gravity but only by higher dimensional energy now called dark energy.

I just flew in from the Reservation & boy are my arms tired! Look in & see what America & Americans are up to today. Thought maybe you'd have all the problems of yoru Nation solved today? No? Well, maybe tomorrow even though I wouldn't lay any bets in Vegas about that happening.

Life is good. What an experience! It's always best to forgive.

Nice thread, all true. Also true, Obama might do a little good.

BO can win one or two significant fights if he chooses to try. Prosecute torturers, fight Wall Street which he certainly ain't trying to do-

But he IS ramping up to go around the Republican Obstructionist Scum in Congress and get some positive health care legislation enacted. They are promising to fight it. This will help the poor and middle classes. Forget testosterone, has he read The Prince? I think so.

I reitterate my awareness that he will do much wrong, is under the thumb of Tel-Aviv, the MIC & the .01%. I know though he is far better than NeoConJohn would have been-Cuba one small example.

Cordially, JoeCotton, California.

I don't buy all this endless talk about how Obama is merely a "puppet" of the banksters, that he can't nationalize the banks, because "he's too beholden to Wall street" etc. An emphatic speech or two, directly to the people, stressing, in no uncertain terms, that he is simply not going to allow this chicanery to continue and is thus already taking steps to send in independent auditors and restructure the mega-banks to save the nation and to prevent a deeper global recession etc. and he could, even at this late date, regain control of the situation. He is, after all, still the president, and if he would have the spine to ACT like one, like a TR or an FDR, he certainly has enough power to take charge and do what virtually every economist has said he simply must do, take over the zombie-banks in the same orderly manner that the FDIC and IMF have done in many other situations. I may well be way off base, but I think it's more that he's having a terrible time admitting to himself that he made horrible appointments in Geithner and Summers etc., and even bought into their very slick, if eristical arguments, which by now he must, at least at some level, know to be Wall St. hokum. [As witness his odd "pitchforks" comment.] But he seems afraid to come out and admit that he too was hoodwinked by those master swindlers. And so he is, at least for now, "waiting it out," hoping to hell that maybe "pushing on the string," by letting the Fed pour trillons more taxpayer dollars into the zombie-banks, along with his "stimulus package," will eventually get the economy moving again. It is getting clearer every day that that isn't working, and simply can't work, for reasons that dozens of economists have fully explained; namely no company wants to borrow money to expand production when the recession is still deepening. My biggest fear is that Obama doesn't understand that he doesn't have the LUXURY of waiting around still longer before nationalizing the scoundrels. If it had been done seven months ago, under Bush, we might already be seeing some improvement. But after all these months of doing nothing, it might be too late to avoid a full blown depression. But Obama doesn't see the world truly falling apart yet, so he's still hoping things will work out. But the real horrors are certain to come, and the longer he delays finally throwing the money changers out of the temple, the deeper will be the suffering of billions of people!! And all because this president, like the last one, can't seem to admit he got it terribly wrong. And where, oh where, is his COURAGE, or even just political good sense??

William Greider you are smarter than the drivel above--indeed we might wonder to whom are you bowing down in fealty? When Barack Obama came to the presidency he had the opportunity to choose his advisors and so who did he choose? Gates, Clinton, Summers, Geithner, and a whole host of other "me-too" Neocon Democrats.

Barack Obama by continuing the Bush legacy has "taken responsibililty" for the continuing financial emergeny and economic ruin just waiting to manifest. It is past time that Barack Obama stop bowing down to Congress, the Senate, Wall Street, the banks, and the multinational corporate community and start firing most of the rogues gallery of clowns who are now advising him.

If you think I am exagerating go watch the podcast of Larry Summers bull- shitting Meet the Press last weekend:

http://www.msnbc.msn.com/id/21134540/vp/30292960#30292960

Poet

William Greider asked:
"Is Obama Tough Enough to Stand Up to the Titans of Finance?"

The obvious answer is that Obama is their man. He is behoden to them. They
brought him to the presidency to do their bidding. Just look at his economic
team, from Geithner to summers etc etc. He has the same people who got us
into this mess. Do you pick the fox to guard the hen house?
So, Obama will not stand up the Titans of Finance. He will stand behind
them giving them all the help they want and need.

we should never forget how much money fat-cat investors, health-care sharks, and other leeches are fighting for these days.

Obama cannot go against these masters of the universe cold turkey and take away the cake from them.

If he did, this neo-feudal class of parasites would cough up in a sec more than enough savings to hire full time and for several years every one of the many mercenary armies of the USA plus the whole of organized crime, just to get have him killed.

Obama must proceed carefully so he can change things when it is possible. Time is on his side since the several trillion dollars of financial vaporware that need to be "saved" cannot possibly be "ameliorated" without ruining the USA or ruining the fat cats.

Similarly, Obama will be able to reform the national-security state that he inherited from W and the demoblicans, only if both republicans and democrats ask for drastic changes to it, or if there is a massive popular outrage demanding such changes. By releasing the memos he started this process, but is up to the left to stoke public outrage.

Obama simply cannot risk dismantling W's national-security state cold turkey just by himself to please some fringe bleeding hearts. If he did it alone he would expose himself and his longterm plans for the nation to a devastating PR catastrophe were an out-of-the-blue terrorist attack to take place after the dismantling.

So be patient and be careful about what you ask for else you may end up having to whine about "the friend of the usurer" aka Joseph Biden...

the whining and hoping for the great leader's redemption must stop. What is needed urgently from the left now is

i) that it pressures lazy left-wing economists, historians, and political scientists so they finally make the effort to find out in detail --and then publicize loudly and non-stop-- which are the great fortunes that demoblicans are trying to save when they cry wolf about "saving the financial system" --including useful idiot Krugman initially ; and denounce with names (but no addresses) the owners of these fortunes as members of a neo-feudal class that has bribed for decades mainstream demoblicans, journalists, pundits, and economists and is mobilizing them now to scare us into saving this class of parasites from its apocalyptic exposure to wrecked financial vaporware, i.e., to save this class' political and economic power (no, nobody wants to save "the banks" or "WS", how can anybody be so naive and fall for such an obfuscation!);

ii) that it convince the public that the bailout money should be used to jump-start the economy directly with or w/o the co-operation of WS and private banks; and+

iii) that it mobilize the whole nation to confront Obama and the demoblicans at every stop with questions about who are the specific *individuals* who would benefit personally most if the financial system is "saved" and why exactly these *individuals* deserve so badly to be saved at a price of billions of dollars each.

iv) that it mobilize everybody to demand from Obama and the demoblicans that they prosecute the torturers and restore the rule of law to the USA.

Changing the public's mood, informational sophistication, and state of readiness will give Obama the freedom to move in the right direction. He is smart, he does not want to be a martyr and go down in flames.

So let's stop complaining about WS, the banks, and the great leader's lack of leadership, courage, vision, blah, blah, blah.

Let's make sure the citizenry understands where Obama should go and why and that it starts demanding it and loudly so.

Ask the citizenry, e.g., if it really wants that the Randolphs' billions in derivatives be purchased at face value from them by the taxpayers "to save the financial system".

TESTICULAR POLITICS SOUNDS CROOKED TO ME

I KNOW FOR A FACT -------- READ BELOW THAT THE CABINET OF PRESIDENT OBAMA IS FILLED AND RUNNING OVER WITH ADVOCATES FOR THE BILDERBERG’S

They are that secret group that has intentions of running the world. Sound like NAZI Germany not far from wrong. And we the people in the US today are treated as dunces standing in the corner with our nose in a hole. On President OBAMA staff are those that are ripping our nation apart and giving all the cream to their buddies in the BILDERBERG group.

Case in point Chrysler is forced into bankruptcy FIAT is going to take over rules of the Bankruptcy laws, who looses is the investors to the tune of $6.9 billion chump change when you are a Bilderberger.

NOW THIS GUY Giovanni_Agnelli started FIAT long ago and ponyed up to Nazi Germany and made a fortune while doing along with all the other big GOOD NAMES that run ads on our TV VIEW STATIONS laying claim to be the worlds salvation in all ways.

· George W. Ball[6] (1954-1992), former U.S. diplomat
· John Edwards[7][8]
· Gerald Ford[9]
· Bill Clinton[10] (1991), former US President, 1993 - 2001
· Jon Corzine (1995 - 1997[4], 1999, 2003, 2004), former US Senator, current Governor of New Jersey
· Richard N. Haass (1991, 2003, 2004[11]), president, Council on Foreign Relations
· Lee H. Hamilton (1997[4]), former US Congressman
· Christian Herter[12] (1961, 1963, 1964, 1966), former Secretary of State
· Richard Holbrooke (2006), former U.S. Ambassador to the United Nations
· Joseph E. Johnson[13] (1954), former President, Carnegie Endowment for International Peace.
· Henry Kissinger[11] (1957, 1964, 1966, 1971, 1973, 1974, 1977-2008), Secretary of State, 1973 - 1977
· Sam Nunn (1996, 1997[4]), former US Senator
· Rick Perry[14] (2007), Current Governor of Texas
· Kathleen Sebelius[15], Kansas governor and nominee for the the Health and Human Services secretary post
· Timothy Geithner[16], Treasury Secretary
· Lawrence Summers[17], Director of the National Economic Council
· Paul Volcker[18], Chair of the President's Economic Recovery Advisory Board

http://books.google.com/books?id=dK44ciNfx6MC&pg=RA1-PA35&lpg=RA1-PA35&dq=Giovanni+Agnelli+%3D+NAZI+GE...

http://en.wikipedia.org/wiki/Giovanni_Agnelli

http://www.bilderberg.org/bilder.htm

http://www.tribalmessenger.org/columns/blogs/tivana/who-are-they.htm

So now once again President Obamas star powers come into action screwing us once more in the first few days of his administration and how could he not know? GO FIGURE.

So as most of us tried to stay up with DICK CHENEY and KARL ROVE as they drove US into the ditch many times ------ but who has enough of a criminal mind to look into the future and see how Chrysler will rival again as a big winner once FIAT takes the reigns. And who in the bunch of President Obamas staff will see a big thought to be golden parachute for cutting and slicing up our manufacturing base and selling it off for pennies on a dollar to war time criminals in WWII.

Dwight Baker We The Peoples Advocates WTPA we are providing the only HOPE in saving our great nation. So JOIN IN and ENLIST to serve with your VOICES being heard and your VOTES being counted and moved along to our lobby group in Washington DC to power push the peoples needs, wants and wishes in our cities, states and Federal Governments.
Info contact Dbaker007@stx.rr.com

The components/aspects of life we are dealing with is not just the collapse of a financing system, but the first generation to realize unequivocally that unsustainability represents the scope of the system and the terminology by which it defines itself. Those terms are in a language of conflict and the paradigms they define. They are, like the times, changing before our eyes.

The necessity to consistantly, respectfully, level headedly flood your representatives phones and mailboxes with your concerns is a catalyst that maintained powerfully is a parallel action the representatives need in order to be able to say that their constituencies are demanding alternative action.

Shifting to local and regional balances will not be addressed in the MSM until it happens in a consistant and identifiably broadbased way. Grassroots does not function the same way as power from the top. Do not give up, celebrate the challenge, know that this is happening all over the world.

'I do not doubt the president's good intentions'

Then why the Hell not? This is what is absolutely more demoralizing to The People than the Overt Right Wing trash, these liberals who 'do not doubt the good intentions'! How can one ever get organized with this defeatist mind set? You simply need to doubt the president's good intention, Mr Greider.

Elizabeth Warren (chair of TARP Congressional Oversight Panel) says that she has tried for weeks and has not been given the details of the "stress test". She also said "I don't have a badge and a gun. The power of this panel is derived entirely from the voice of the American people. If they stay out of the policy debates, then Treasury can spend at will and reshape the American economy with no one in the room but insiders. If they are involved, the policies will look different."

I am not ready to say it is over. If Elizabeth Warren does not get the facts and accounting that she is authorized to get, then that is grounds to fire Summers and Geithner and to get repaid. We have to keep pushing for that. It will either yield results or will clarify who's who and what's what for the public.

I think the left is too quick to fold and abandon an important fight where there are a lot of facts and public support on our side. In contrast the right will go on and on like pit bulls based on nothing... (see Norm Coleman or the Starr Commission or Ahmadinejad's nukes).

Don't give up. Keep on talking. Organize.

Joe

Is Obama Tough Enough to Stand Up to …

N O P E

Get it right, it is the ƒ ⊃ © king _ T I T A N I C S _ of _ d e a d _ f ish ' i a n c e

They're already well doomed for the job, and pin-stripped fish food

The option to employ the tactic used by FDR in a similar crisis may have already passed Obama by: Undertake hundreds of bold actions in the first 100 days, then pick and choose what to fight for and save, all the while challenging the public spiritedness of those who close down the rest. Proceeding with caution gives just a few targets which will fail when attacked if they were offered only with hesitancy in the first place.

Don't freak out. He's handling it.

http://www.theyorkshirelad.ca/12loweringtheante/loweringtheante.html

ha ha ha ha !!! credit card bubble...

Community organizers, by and large, have to be nice guys. We all know where they finish, don't we?

In Washington you're in trouble if they're not afraid of you.

I'm just hoping that when he has to do what needs to be done, he will.

Time to collar our white-collar pirates!

"Why are you a pirate?" "That's where the money is," said the young Somali native.

"Why do you turn toxic sub-prime mortgages into AAA rated securities?" That's where the money is, answered the young Wall Streeter.

From Dr Wu's latest book: "Your Pirates and Mine"

"What a fine mess you made, Mr. Banker."

The trouble with the large banks and with Goldman-Sachs in particular, is that it runs the government-as in, Government-Sachs. I, for one, would let G-S, BA, Citi go down the tubes and return government to the taxpayers.

It was not for nothing that President Eisenhower warned of the military industrial complex running the country. Turned out, it's true--now it's called the Wall Street/Pentagon complex.

Who is in charge of all of us? Why, none other than Larry Summers (Wall Street) and Robert Gates (Pentagon). Obama is a wholly-owned subsidiary of Goldman-Sachs, The congress is all bought and paid for, the media is corporate run. Is there a way out of this fine mess?

I actually saw one of those arrogant bastards on MSNBC advocating investing in the big financial institutions "too big to fail" because the government would always be there to pick up the tab.

First line:

"The big dogs of banking and finance are playing a rough game of bump-and-run with our president, trying to knock him off balance and demonstrate their dominance"

HEY! He appointed them!

This is really sad. In 2000, my wife and I thought Colin Powell was a man of principle and honor. If he had run, we would have voted for him.

Then, when push came to shove, he lied and apologised for his master's actions and tried to justify them, even when they went against what he had said he stood for. In short, he became what used to be referred to as a house n-----.

Obama came along and, with grave misgivings, we supported him. We thought his constitutional background would lead to his expressing his indignation by putting the Constitution back in force, intact and functioning.

Now in power, he is providing immunity for torturers and for their masters in high places, he is giving the banksters anything they wish, he is widening the wars that are tearing us apart for the enrichment of the oligarchy, he is widening the surveillance society, posse comitatus is still out and the NorthCom combat brigades are still in.

Damn! Just another house n-----.

Frankly, I think we've had it.

Considering Mr. Greider's article and much else I have heard and seen of the Obama presidency, I'm ready to declare a new title for it, from the prospective of many progressives, as The Subjunctive Presidency. How many places per square bit of cyber-space contain the mood of "if," "perhaps," "he could," "if he would only," it's possible," etc.? Greider sets up the relation of Obama with Wall Street as a testicular struggle with an unknown outcome: can this economy be saved? Who will have the balls to prevail in this struggle? Who knows? It's easy enough to define the villains who set up the perils of Pauline, but will Mighty Mouse or whatever other hero come to her rescue before the movie is ended? This is an attractive way to make "news" of any disaster, to pose as problematic the motives of the Craigslist killer or the motives of BHO in releasing torture documents declaring the acts described therein as "shameful," then promising not to prosecute any CIA operatives acting under "legal guidance," and even going to Langley to thank the same people for their great service to the country.

By trying to be literally all things to all people, Obama manages to be nothing reliable to anyone. Everything is "possible" with this administration. Obama could do obviously progressive things like declaring clearly and forcefully for the Employee Choice Act or against NAFTA, putting single payer on the "table" as his own "scratch" health care plan, declare an immediate end to U.S. involvement in conflicts in Iraq, Afghanistan, Pakistan, read the riot act to Israel on its policies toward Palestine, etc. etc. He could do all these things, but will he? The Subjunctive Presidency. Can you even WAIT to see how "this thing will end?" As a creature of Hollywood celebrities as well as Wall Street titans, you might expect that his presidency will be given the Hollywood ending treatment that things work out "in the end" with the best dramatic resolution. Or maybe there will be more a Samuel Beckett ending in which the play ends in about the same way it starts. Maybe, maybe, maybe....a Subjunctive Presidency which persists partly because intellectuals in his "progressive base" don't want finally to admit that he has just screwed up and there's going to be no "happy ending" to this particular story.

Unfortunately for America, Obama is the bankers water boy. What he lacks in real life courage and intellect, he makes up for on the basketball court. There, doesn't that make you feel better now!

We have sided with our captors since 1980. Stockholm Syndrome. BO is a skinny, weak, chain-smoking lawyer who is wondering about now how he ever wished this fate on himself and his family. He has no free will here, and unfortunately neither did GWB. If we were to somehow wipe them all off the world stage others would replace them in a heartbeat. Some like it and come back for more. Others are threatened with an unfortunate reduction of their historical reputations and slither on their belly: Look at Bill Clinton $42 , he's still working for Bush $41 in agreeing to debate Bush $43 in Toronto this year. It's the Bohemian Club all over again. Skull and Bones. Grim, slimy, elites, controlling their little territories and producing gold year in and year out.

michael jordan

http://sites.google.com/site/apolloguide/

The modus operandi of Obama is here (from Mike Whitney):

"The Treasury Secretary knows his plan won't fix the banking system; he's just hoping that the economy rebounds before the government is forced to nationalize the big banks. It's just a stalling ploy, but, even so, there are risks. As the economy worsens, the likelihood of another financial meltdown or a run on the dollar increases.

..."

http://informationclearinghouse.info/article22465.htm

"Is Obama Tough Enough to Stand Up to the Titans of Finance?"

Jeez Bill, they got him elected! Wall Street represents his biggest campaign donors. Obama is not going to stand up "to" the "Titans of Finance", he will stand up FOR them! Otherwise, why would Summers and Geithner be in his cabinet?

Looks like the Alchemists of Money already won. Obysmal took a dive for the short money.

The answer is simple.

Customers: Take all of your money (checking, savings, 401k, etc.) out of these banks and put them in credit unions. The massive run will force these goliaths to shut down, effectively forcing Wall St. to collapse like a house of cards.

Is Obama Tough Enough to Stand Up to the Titans of Finance?

Apparently not. He has yet to stand up to Pelosi and the ladies of the House.