it's amazing. we have to take back this world from these criminals.
rubin (democrat/secretary of treasury/clinton)
paulson (republican/secretary of treasury/bush)
both ceo's of the most criminal organization (goldman sachs)
both rubin and paulson are shocked by the "fragility of the capital markets"
these are the same people that created this criminal operation.
think about it, these so called "experts" have created a disaster that will cost over 700 billion dollars.
you have to ask yourself, if monkeys were in charge, could they have done any worse?
should we reward the monkeys?
part of the problem started with the repeal of the Glass-Steagall Act of 1933 which established the Federal Deposit Insurance Corporation (FDIC) in the United States and included banking reforms, some of which were designed to control speculation.
many thanks to phil gramm for this repeal. gramm is a American politician who served as a Democratic Congressman (1978–1983), a Republican Congressman (1983–1985) and a Republican Senator from Texas (1985–2002). goes to show that the label democrat/republican can be two sides of the same coin.
here's a short history of gramm's current and past scandals:
Gramm is a vice-chairman of UBS Investment Bank, a financial services company based in Switzerland.
Although there were rumors that Gramm was being considered to be Treasury Secretary in George W. Bush's second term, he was not offered the position. He was also thought to have been in the running for the presidency of Texas A&M University, but the position went to former Central Intelligence Agency Director Robert Gates instead. After the November 8, 2006 nomination and subsequent confirmation of Gates to the position of Secretary of Defense, Gramm was briefly rumored to be a candidate for Texas A&M University presidency, despite statements from university officials that he would not be considered and denials from Gramm himself.
Involvement in "Enron Loophole" legislation
Gramm was one of five co-sponsors of the Commodity Futures Modernization Act of 2000[3]. One provision of the bill was referred to as the "Enron loophole" because the House Agriculture Committee drafted it and it was later applied to Enron. Some critics blame the provision for permitting the Enron scandal to occur.[4] At the time, Gramm's wife was previously on Enron's board of directors.
Phil Gramm's Quotes:
- "If you are willing to tackle the tough issues, you don't need to worry about stepping on anyone's toes; they will stand aside and shove you to the front." — As quoted by former Gramm staffer Wayne A. Abernathy[18] September 12, 2002, before the Senate Committee on Banking, Housing and Urban Affairs.[19]
- "I have as many guns as I need, but I don't have as many guns as I want."[20]
- "Most people don't have the luxury of living to be 80 years old, so it's hard for me to feel sorry for them." - (in response to a statement that a Social Security proposal would hurt people over 80)[21]
- "I recently told Ed Whitacre [former CEO of AT&T, who retired with a $158 million pay package] he was probably the most exploited worker in American history"[22]
- "We have sort of become a nation of whiners. You just hear this constant whining, complaining about a loss of competitiveness."[12]
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