Tuesday, March 17, 2009

"In Public, Under Oath"

Since Bear Stearns, I've written several times about the possibility of bailout-related legal consequences for the private and especially public sector principals. Expect questions like these to start getting louder now.

Bernanke's employment at the Fed is becoming untenable, and Geithner may not be far behind.


Anonymous Anonymous said...

It ain't going to happen. Both the Democraps and Republicans are both knee deep in this shit. There is no way they take out these guys without taking out themselves.

The senate finance committee (dodd,schumer, frank etc...), geithner and bernake all need to go. They are all responsible. You'd have to be pretty naive to think Beranake is going to get the boot from these guys.

3/17/2009 9:12 PM  
Anonymous Anonymous said...

CR....who are your candidates for replacement? Volcker and ? Do you think Obama is ignorant about what has transpired or is he part of the "status quo"? Thanks for trying to get the word out on this stuff. Finally taxpayers are starting to catch on. I am the reader who sent you the protest pictures about a year ago. Unfortunately, we could only arouse 50 protesters for our taxpayer protest of bailouts with toilet in front of capitol. I'm sure we could get thousands now, but it is too late....so we hope for the next best thing....firings and prosecutions.

3/17/2009 9:13 PM  
Blogger Dad29 said...

firings and prosecutions

Or tar-and-featherings. Or hangings.

3/17/2009 9:22 PM  
Anonymous rapier said...

Those full payouts floored me too. I had been assuming they were paying 20cents on the dollar or something.

It should be recalled as well that the banks, foreign or otherwise were probably using the MBS swaps as hedges, on some level. For GS however everything says they were making a pure speculation. It's sick.

How come Paulsons name never comes up? What a piece of scum.

3/17/2009 10:14 PM  
Anonymous Goldhorder said...

If you could just get a few angry n bitter iraq vets together...have a bit of a lunch and learn...

3/17/2009 10:17 PM  
Anonymous judyo said...

Does "under oath" mean what it did 10 years ago? I think not.
Now, waterboarding might do the trick - I hear we're "into" that. And the last dictatorship says it's mighty effective. Keeps America "safe".

3/17/2009 11:11 PM  
Blogger Mr. Hedley Bowes said...

Is it the Fed, or the SEC that's most culpable?


3/18/2009 2:08 PM  
Anonymous Anonymous said...

Geithner and Frank are beloved by the Obama cult, who are not coming off their post-election high.

I literally cannot wait for these naive brats to start tasting reality when pensions get slashed and things worsen. At least some silver lining.

3/18/2009 6:55 PM  
Anonymous Anonymous said...

Evidently there are a lot of real problems with AIG.

AIG: Will We Solve the Underlying Problem?
"AIG gave more than $9 million in campaign contributions to Congress"

Upset with AIG? How About Your Bailout Funds Supporting Tiger Woods and Europe's Soccer Stars?
"naming rights thing is a scam. Just think about all the failed companies that were buying stadium names instead of working on their operations,"

Jimmy Kimmel had a good video on Wed night. The video started showing the AIG superbowl commercial. It was a group of clean kids on a school bus talking money, safety, and managing risk, and one kid pops up and says my parents have AIG. They all chime in and say we should convince our parents to go with AIG. Video two showed the same kids now dirty, homeless, on skidrow, wishing they hadn't talked about AIG to their parents.

"What's the difference between an AIG executive and a drunken Irishman? A drunken Irishman spends his own money." ~ Leno

"And you know what a piece of paper with a signature is, a contract. Something that can be renegotiated at any time." ~ The Majestic

3/19/2009 3:44 PM  
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