WSJ: Secret Phone Conversation Exposes Corruption in the Bailout Plan!---Young Turks

[CherylK]

Run time: 02:22 https://www.youtube.com/watch?v=DTZY5TFt0aw   Posted on YouTube: October 11, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: October 13, 2008 By DU Member: CherylK Views on DU: 2575

 
This is a very big story! Does anyone have the Wall Street Journal article to post here?!

[Eric J in MN]

1. Maybe this summary of the conference call...

...has the info you want:

http://www.nakedcapitalism.com/2008/09/mussolini-style-corporatism-in-action.html

[ihavenobias]

2. I'm too lazy to search for the links right now, but at least I'm honest

;)

[trthnd4jstc]

3. Here is the link from The Wall Street Journal:

http://online.wsj.com/article/SB122360084563521627.html

Attempts by Congress to make beneficiaries pay for their mistakes, such as placing caps on executive pay, were "quite reasonable" and "a pretty modest hindrance to you," he told them.

I looked for the youtube phone conversation, but could not find it. I did find out that Chris Dodds, our wonderful Republican, I mean Democratic Senator in charge of the Banking Committee, said that no confirmation hearings were needed, thus abrogating our Constitution: http://www.youtube.com/watch?v=3D5bv_sE1T0

[trthnd4jstc]

4. I Still Have not found the Youtube conversation that the Wall Street Journal article

alluded to, but here is Neel Kashkuri speaking at a press conferance, at 6:47 he mentions point 6, executive compensation. I wish lying in public by a member of our government was a Felony with 5 years imprisonment, and no less than $50,000.00 in fines: http://www.youtube.com/watch?v=SdzGtdKH4Ao

[cynthia]

5. they are trying to clean house while they can

greedy bastards

[WillyT]

6. Big K & R !!!

:kick:

[zeos3]

7. Kick

[DUlover2909]

8. I've been saying this for 7 years: "If Bush wants it, then say NO!"

No matter what it is. Money to feed the poor in Africa? NO! He'll just pocket the money and let them starve.

[keekers]

9. Freddie Mac, AIG, JPMorgan Helped Stage Republican Convention

"Freddie Mac, AIG, JPMorgan Helped Stage Republican Convention
By Jonathan D. Salant

Oct. 18 (Bloomberg) -- Freddie Mac and American International Group Inc., two companies bailed out by the U.S. government as the financial crisis unfolded, each contributed $250,000 for last month's Republican National Convention, Federal Election Commission filings show.

The money went to the local host committee for the convention in St. Paul, Minnesota, which raised $50 million. The committees can accept unlimited amounts from corporations, unions and individuals. While the donors' names were posted on the committee's Web site, the amounts they gave were not released until the FEC reports. The host committee for the Democratic National Convention in Denver has yet to file....
Goldman Sachs Group Inc. and Morgan Stanley, New York investment banks that changed to bank holding companies and therefore put themselves under increased federal regulation, also contributed money for the Republican convention. Goldman Sachs gave $255,000, and Morgan Stanley donated $100,000. New York-based JPMorgan Chase & Co., which bought Bear Stearns Cos., contributed $100,000."
http://www.bloomberg.com/apps/news?pid=20601070&sid=aXkxMXbFF.LE&refer=home