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Cry me a river for the Wall Street crooks!


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The Bankster gangsters are moaning constantly about being picked on! They should be happy Bush-Obama gave them immunity from prosecution, and they are not in Federal prison! There are not enough lamposts on Wall Street to hang them by!

 

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Wall Street is really, really unhappy with the president it helped give us — but there’s absolutely no sign these guys have learned their lesson.

Wall Street honcho John Mack said recently that the feds should “stop beating up” on his pals Lloyd Blankfien and Jamie Dimon, the CEOs of Goldman Sachs and JP Morgan. Dimon has described today’s regulatory environment as “relentless — just like the Mafia.” Blankfein is so cowed that he barely speaks publicly anymore except to embrace politically correct issues such as gay marriage.

Sorry: The Wall Street power brokers are certainly prime targets of President Obama’s class warfare, but these guys are far from innocent.

Turn back the clock a bit first to the 1990s, when Mack, Blankfein and Dimon met their first love: President Bill Clinton. A limousine liberal’s dream, he professed a “moderation” on social issues while he let the banks get away with just about anything they wanted, included killing Glass-Steagall — a smart law that kept risk-taking in the trading markets from infecting government-insured customer deposits.

After Glass-Steagall finally died, they all made gobs of money, so much that by 2007 they felt confident enough in their ability to mold regulatory policy that they began embracing the Democratic Party’s two presidential frontrunners.

For a time, Sens. Barack Obama and Hillary Clinton split the Wall Street honcho vote. Mack came out first for Hillary, explaining how he liked her embrace of universal health care — the same formula now slamming the economy and the public.

Blankfein moved into the Hillary corner as well, while his No. 2 at Goldman, Gary Cohn, joined Blackrock’s Larry Fink and others to support Obama. And when Obama wrested the nomination from Clinton, the Wall Street stampede to the former community organizer shifted into high gear.

Not even the looming financial crisis that threatened the survival of all the big banks could stop the Wall Street money from flowing into Obamaland. Sen. John McCain, the hapless Republican challenger, could barely get an audience or a buck from the fat-cat crowd.

When the crisis hit in the fall of 2008, Obama blamed the on Republican— without a peep from the bankers about the absurdity of that claim. And why should they? They’d done very well off Clinton’s repeal of Glass-Steagall, and their crowd had also found ways to make big profits from Clinton’s loosening of mortgage-lending standards — two of the root causes of the financial collapse.

The banking barons thought they had the best of both worlds: a bailout from the Bush crew, and a friend coming to replace him in a few months.

“Obama is a moderate,” Fink told anyone who’d listen. Dimon told people he believed Obama was smart enough to understand the banking industry’s needs. Mack voiced similar support, while Blankfein reveled in the fact that his Goldman Sachs was the second-largest contributor to the new president after the hyperliberal University of California.

But the affair started turning sour as Obama seized on a tactic to salvage his falling approval ratings in late 2009 when he used a “60 Minutes” interview to launch a new rhetorical assault on fat cats. After the “shellacking” of Democrats in 2010, the president took the class warfare into even higher gear.

By then Mack was no longer CEO of Morgan Stanley, but Blankfein and Dimon were still here to kick around some more, which the president’s minions have done almost nonstop ever since.

It’s not just the Dodd-Frank “financial reforms” that have rankled the Wall Street crowd; the constant name-calling by the guy they supported hurts almost as much as the punitive fines that Obama’s Justice Department and other regulators have squeezed out of the banks on a seemingly daily basis.

After supporting Mitt Romney in 2013, many of these honchos have moved back to the Dems, particularly Hillary. Wall Streeters tell me they believe the Democratic Party is finally lightening up on the class warfare attacks, pointing to the lack of direct banker-bashing in Obama’s last State of the Union speech. Sounds like wishful thinking to me.

John Mack has a point, at least superficially: The regulatory assault against JP Morgan had all the appearances of a mob shakedown, since Attorney General Eric Holder muscled $13 billion from Dimon after Dimon had criticized Obama’s policies. And yes, Obama’s attacks on bankers seem mainly to be futile attempts to divert attention from the lousy economy and his lousy economic policies.

But if Mack & Co. were completely honest, they’d at least own up to some of the blame for making Obama our president.

Charles Gasparino is a Fox Business Network senior correspondent.

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Ok, I see that all the RW bagger cons are not interested in this.

 

It doesn't surprise me at all.

 

Because you never see the economic collapse disscused at all on Fox News, Lush Rimjob, Savage, or any RW media.

 

Forbes and the WSJ, routinely blame it on Dems or mortgage brokers or anyone else to cover for the elite crooks they represent.

 

This is the NUMBER ONE ISSUE in America, and it has been forced to the back pages by the criminal elite that caused it!

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Ok, I see that all the RW bagger cons are not interested in this.

 

It doesn't surprise me at all.

 

Because you never see the economic collapse disscused at all on Fox News, Lush Rimjob, Savage, or any RW media.

 

Forbes and the WSJ, routinely blame it on Dems or mortgage brokers or anyone else to cover for the elite crooks they represent.

 

This is the NUMBER ONE ISSUE in America, and it has been forced to the back pages by the criminal elite that caused it!

 

Nobody's wanted to say anything until you finished the story! Really knock those bagger con socks off by telling us the REST of the story....what Obama and the Pelosi-Reid Democrat Congress of Change did to punish and reform Wall Street. This should be good! Let 'em have it!

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The banks did what banks do. They make money. I do not remember any of the wall st. bankers being indicted. The crime was to bail them out. Bush started the bailout and oblameo doubled down. The banks should have went under and the surviving banks would have picked off the remnants. There is no bank or co. too big to fail.

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The banks did what banks do. They make money. I do not remember any of the wall st. bankers being indicted. The crime was to bail them out. Bush started the bailout and oblameo doubled down. The banks should have went under and the surviving banks would have picked off the remnants. There is no bank or co. too big to fail.

 

Agreed. The fact that nothing was done to these banks and bankers is just as criminal as the banker's behavior.

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Nobody's wanted to say anything until you finished the story! Really knock those bagger con socks off by telling us the REST of the story....what Obama and the Pelosi-Reid Democrat Congress of Change did to punish and reform Wall Street. This should be good! Let 'em have it!

Really, they are all complicit, and in the tank for Wall Street. But especially BushBama, because they tell the attorney general who to go after, and who to protect.

 

We all need to understand this issue, because the "moral hazard" still exists to do another, even bigger bailout that could take place because of reckless Hedge Fund gambling on credit default swaps to the tune of trillions of $!

 

The underllying problems have not been fixed! The Consumer Protection Financial Bureau is being stymied at attempts to prevent such a disasterous occurence.

 

If Senator Liz Warren, had her way, these miscreants would all be in Federal Prison, and I think Jessie Ventura would agree with that too.

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Tonight...I plan on sitting up and obsessing about the teacher who was mean to me 45 years ago on a rainy Tuesday.

Did he bugger you in the classroom closet?

 

100 hits of acid may have warped your brain. Ever think about that?

 

Seriously!

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Ok, I see that all the RW bagger cons are not interested in this.

 

It doesn't surprise me at all.

 

Because you never see the economic collapse disscused at all on Fox News, Lush Rimjob, Savage, or any RW media.

 

Forbes and the WSJ, routinely blame it on Dems or mortgage brokers or anyone else to cover for the elite crooks they represent.

 

This is the NUMBER ONE ISSUE in America, and it has been forced to the back pages by the criminal elite that caused it!

 

 

Since 1991, Bernie Madoff and his wife have contributed about $240,000 to federal candidates, parties and committees, including $25,000 a year from 2005 through 2008 to the Democratic Senatorial Campaign Committee. The Committee returned $100,000 of the Madoffs' contributions to Irving Picard, the bankruptcy trustee who oversees all claims. Senator Charles E. Schumer returned almost $30,000 received from Madoff and his relatives to the trustee, and Senator Christopher J. Dodd donated $1,500 to the Elie Wiesel Foundation for Humanity, a Madoff victim.

 

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

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SPEAKING OF WALL STREET BAILOUT, LOOK AT THIS VOTE !

 

A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes.

 

http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=110&session=2&vote=00213

 

 

Whose name do you see there ???

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100 hits of acid may have warped your brain. Ever think about that?

 

Seriously!

Maybe it did...BUT I don't sit around and obsess or worry about things I have no control over.

 

Dude, you need to spend some time in a third world country...it would really help you get over some troublesome things that seem to be going on in your life.

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Since 1991, Bernie Madoff and his wife have contributed about $240,000 to federal candidates, parties and committees, including $25,000 a year from 2005 through 2008 to the Democratic Senatorial Campaign Committee. The Committee returned $100,000 of the Madoffs' contributions to Irving Picard, the bankruptcy trustee who oversees all claims. Senator Charles E. Schumer returned almost $30,000 received from Madoff and his relatives to the trustee, and Senator Christopher J. Dodd donated $1,500 to the Elie Wiesel Foundation for Humanity, a Madoff victim.

 

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

Nice catch!

Maybe it did...BUT I don't sit around and obsess or worry about things I have no control over.

 

Dude, you need to spend some time in a third world country...it would really help you get over some troublesome things that seem to be going on in your life.

What troublesome things are you alluding to?

 

BTW, that's an excellent answer. Nothing personal.

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