Jesse's Café Américain Fri 2009-10-23 19:27 EDT

Matt Taibbi: Wall Street's Naked Swindle

Jesse

This is worth reading. Wall Street's Naked Swindle by Matt Taibbi. Closing quote from this story: "The new president for whom we all had such high hopes went and hired Michael Froman, a Citigroup executive who accepted a $2.2 million bonus after he joined the White House, to serve on his economic transition team -- at the same time the government was giving Citigroup a massive bailout. Then, after promising to curb the influence of lobbyists, Obama hired a former Goldman Sachs lobbyist, Mark Patterson, as chief of staff at the Treasury. He hired another Goldmanite, Gary Gensler, to police the commodities markets. He handed control of the Treasury and Federal Reserve over to Geithner and Bernanke, a pair of stooges who spent their whole careers being bellhops for...

Jesse's Café Américain; Matt Taibbi; Wall Street's Naked Swindle.

Tue 2008-09-23 00:00 EDT

Winter (Economic & Market) Watch >> Massive Bailout? Hardly, a Massive Tar Pit Instead

Winter (Economic & Market) Watch >> Massive Bailout? Hardly, a Massive Tar Pit Instead; paulson bailout plan; ``work closely with the FOH (friends of Hank) on the Tar Pit scarfs, and also pressure and push the carrion off the cliff into the Tar Pit.''

economic; hard; Market; massive bailout; Massive Tar Pit Instead; watch; winter.