The Black Hole of Wall St.

SPIES LIKE US GS has covertly and successfully planted agents in US government bureacracy to guarantee their lord and master gets taken care of… damn the country. (“It was a quaint idea” – Lloyd Blankfein on the Declaration of Independence. Not really, that’s just just an exaggeration. But how much of  a stretch?)

After all, it was GS operatives which were behind the execution “with exterme prejudice” of Lehman Bros. just as much as it is behind the bailout. Especially in the case of AIG- counterparty to many GS Credit Default Swaps. Heads I win, tails you lose.

Perhaps GS will come to be known as ‘the black hole Wall St.’

Obama’s many public speeches (I think in one month he’s already surpassed Clueless Bush) plays to his strength. But the new President is quickly attaining the reputation as all talk, no effective action. Will he become known as the jawbone president?

Perhaps Barry Hussein is more comfortable campaigning than he is in the actual job.

Last night BHO said “We are not quitters.” He is right- his people are going to keep making the same mistakes over and over until the nation has been bankrupted, and the pigs have disgorged the middle class from its modest wealth and no longer exists.

All with the help, and strategic planning from, GS.

Hey, Mr. Obama, you got the job- now do something constructive!

Instead of focusing on bailing out the very institutions that have wiped out half the value of the NY stock market- in an effort to ‘restore confidence’ (it hassn’t, has it?)- how about arresting and prosecuting some of these ‘Masters of the Universe’ (Mozilo, Stanford, Madoff et al)? Where are the clawbacks?(Blankfein, Fuld, Mozilo, Pandit, O’Neal et al) instead? That would restore confidence that the system is healthy, and the guilty are being punished- not running the show. [Why Is Geithner Continuing Paulson’s Policy of Violating the Law?]

Prosecute the guilty. Clawback bogus bonuses and options. YKIMS!

Nobody has any idea just how big that black hole is. But trillions of taxpayer dollars later, it it still appears as if nothing can satisfy the thirst of this beastly thing.

And purge your administration of conflicts of interest. Send any GS and Shittygroup ‘ex-employees’ from the bureacracy. Start with those in positions of influence where they have direct oversight of anything finance related.

Once and for all, get rid of that damnable revolving door!

Bank stress tests are designed with the outcome already in mind. This will be nothing more than a propoganda tool. When the market needs propping up, they’ll conveniently release “positive” info that this or that bank is well-capitalized… Yeah. Right. Then on the Q.T. and very hush-hush quietly funnel them money in the dead of night…

[Hat tip]

Fallout form Madoff: motion picture nursing home forced to close [BB]


Boomus Interruptus Down and out in Maricopa, AZ

There will be blood Niall Ferguson interview [WARNING: CONTAINS FRANKNESS]

Capitalism is to the USA what communism was to the USSR. Any resemblance to the ‘actual thing’ is pure hyperbole. -Paco Bell


2 Responses to The Black Hole of Wall St.

  1. RaiulBaztepo says:

    Very Interesting post! Thank you for such interesting resource!
    PS: Sorry for my bad english, I’v just started to learn this language 😉
    See you!
    Your, Raiul Baztepo

  2. Paco Bell says:

    Salud Raiul and thank ewe for ur comment.

    What country are you from?

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