General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"White House Must Be Investigated for Role in Enron’s Fraud"
Blind Faith: How Deregulation and Enrons Influence Over Government Looted Billions from AmericansSen. Gramm, White House Must Be Investigated for Role in Enrons Fraud of Consumers and Shareholders
December 2001
http://www.citizen.org/documents/Blind_Faith.PDF
The Bushes and Lehman Brothers
http://online.wsj.com/article/SB118860733605915338.html
<...>
Walker began his career on Wall Street when he joined Goldman Sachs in the Merger Department in 1992 and six years later, in 1998, became of one of the firm's youngest partners ever.[4] He held several senior positions at Goldman, including co-head of the firm's Wealth Management business, and head of Alternative Investment strategies. In May 2006, Walker resigned from Goldman Sachs to become global head of Lehman Brothers' Investment Management.
http://en.wikipedia.org/wiki/George_Herbert_Walker_IV
Why can't Obama be more like Bush? Who is missing Dubya?
http://www.democraticunderground.com/10024828575
Fumesucker
(45,851 posts)HooptieWagon
(17,064 posts)ProSense
(116,464 posts)"Yea, Obama has been aggressive with Wall St...."
...are you laughing because you realize that the claim about Bush being "tougher" was beyond idiotic?
HooptieWagon
(17,064 posts)Whom do you think pulls their puppet-strings? Neither shows much interest in prosecuting economic fraud, neither shows much interest in prosecuting pollution, neither shows much interest in protecting worker safety. It remains to be seen if Obama will do anything more than talk inre to union rights, but I wouldn't hold my breath.
ProSense
(116,464 posts)"Neither has been tough on Corporate America...Whom do you think pulls their puppet-strings? Neither shows much interest in prosecuting economic fraud, neither shows much interest in prosecuting pollution, neither shows much interest in protecting worker safety. It remains to be seen if Obama will do anything more than talk inre to union rights, but I wouldn't hold my breath."
...nonsense. After people jumped on the bandwagon to claim that Bush, who was responsible for the worst financial crisis in more than 70 years, was "tougher," now the claim is "neither shows much interest in protecting worker safety"?
Not only did Bush stand in the way of prosecutions, he did everything to facilitate the abuses, gutting regulations (http://www.democraticunderground.com/10024828575) and opposing efforts by Congress to address the issues (http://www.democraticunderground.com/10024828575#post4)
Hey, Matt Tabbi.
http://www.democraticunderground.com/10024832738
There is no friggin comparison.
http://www.warren.senate.gov/files/documents/AFR%20Roosevelt%20Institute%20Speech%202013-11-12.pdf
http://www.democraticunderground.com/10024812296
Cali_Democrat
(30,439 posts)Apparently they are nostalgic for the days when corporate America was brought to its knees under Dubya's Justice Department.
ProSense
(116,464 posts)who has been involved in every financial scandal since the S&L crisis.
HooptieWagon
(17,064 posts)That was small potatoes compared to the scale of fraud committed leading up to the recent crash. Yet Obama Admin has failed to bring a single prosecution. Not one.
ProSense
(116,464 posts)"You do know there were over 100 successful prosecutions for fraud from the S&L crisis?"
The S&L crisis was before Glass-Steagall was repealed. President Obama is cleaning up Bush's mess.
Brown, Warren Urge Fed To Address Risks Associated With Bank Ownership Of Physical Commodities
http://www.democraticunderground.com/10024831309
HooptieWagon
(17,064 posts)However, Neil Bush was fined $50,000, prohibited from involevment in banking industry, and he and other directors of the S&L settled out of court for $2.5 million in a suit filed by the RTC. So there were actions taken in civil court. What actions has Obama taken, other than giving the criminals more money and jobs in his administration?
okaawhatever
(9,462 posts)tellers and lower rung employees lost their jobs than the fat cats who did the damage. There was a calculation made by the Bush admin and Congress that allowing the banks to fail would be worse to the average American than the bailout. We will never know what the consequences of allowing the banks to fail would have been. We do know that thousands more tellers and support staff would have been out of work than fat cat bankers. We don't know if other countries would have loaned us money or what the interest rates would be. We don't know how the loss of investment income would have affected the retirement funds of state and municipal employees, unions, and individual IRAs. If the justice dept, SEC or FBI get criminal charges against a bank tomorrow the bank will lose it's banking license in this country and shut down. Will it be worth it?
Iliyah
(25,111 posts)Note, vote!
alcibiades_mystery
(36,437 posts)they yabber that *YOU* have "cognitive dissonance" and that *YOU'RE* a "cheerleader."
These people are off the deep end in Obama-hate for serious.
annm4peace
(6,119 posts)and disclose the info from the Energy summit meetings Cheney had with the Energy CEO's just before the man made energy crisis.
As someone who survived the Central Valley, CA energy crisis and know 1st hand business closed, elderly and sick died because of the heat and children suffered.. it has been something I hope to see. Cheney should be charged as a traitor to his country for what he did.
okaawhatever
(9,462 posts)from owning commodities. Let's try to support the effort. If I see any stories about legislation I'll post them here.
MohRokTah
(15,429 posts)SidDithers
(44,228 posts)but Taibbi's fanbois and fangrrls here aren't going to like it.
Sid
randome
(34,845 posts)And at not being in the center of it. So they lash out in a new direction hoping to score points. Big fail on Matt's part. It remains to be seen whether he admits that or doubles down on the crazy statements.
[hr][font color="blue"][center]Stop looking for heroes. BE one.[/center][/font][hr]
sheshe2
(83,815 posts)gratuitous
(82,849 posts)Talk about a low bar to clear, but no doubt, the Obama administration isn't quite as hand-in-glove with nearly as many corrupt business interests as the Bush administrations. You may color us all really impressed down here.
Doesn't address squat-ah with what is currently going on, but the aid and comfort lent is no doubt greatly appreciated in certain quarters.