The Mudcat Café TM
Thread #140523   Message #3231405
Posted By: Donuel
29-Sep-11 - 08:47 PM
Thread Name: BS: I voted for Obama, but...
Subject: RE: BS: I voted for Obama, but...
Dear Akenaton, (not the reformed Pharohistic monothiesitic church leader and architect of Egypt, but the Mudcat reformed folkster)

We can blame it all on the bankers. Yes the credo of Wall St. for decades has been money for nothing, but I can show you the exact date and hour in which we can prove we can blame it all on the bankers, and specificly Henry Paulson chairman of Goldman Sachs.

April 28th at 233 Woolworth Building the SEC opened a conference room for the Security Holder Director Nominations Roundtable meeting.
Inside were four SEC regulators who were bought by Wall St. banks to change the enforcement of the regulation that required banks to back up thier speculative bets with thier own money. The chairman Henry Paulson wanted the banks to oversee thier own risk managment and remove any and all restricktions on their banks borrowing, that they and they alone could be trusted to manage all thier risks wisely.

I have segments of the meeting that was taped. When a regulator even suggested that they would still report any felonious findings the room filled with laughter. When another regulator said if anything went wrong it would make a really big mess, more laughter and sarcastic remarks like "Yeah right I'm convinced, har har har".

It was all over in an hour. The Banks had never been in so much control while simultaneously being so out of control.

I have all the reigulators names and photos of each bank representative at this monumental moment that has brought down the US and Central Banks worldwide.

Yes there were many other accomplices such as rating companies and NASA math specialists that were hired to produce the derviitive so that no one on Earth could decipher its behavior or validity except by propriatary computers. We could balme Wall St for grabbing up all the Enron traders who found themselves out of work. There are many culpable accomplices who have no more defense thatn the Nazi war criminals at Nuremberg.

Yes we rightly can and should blame the banks.

I Belive they should be put on Trial...A BIG PUBLIC TRIAL.
The FBI and others have more evidence than you know.

Tonight I shall write what the big trial might be like.

There is no need to be so cynical as think it is impossible.
It is possible, and the world would listen more carefully than they did for OJ, I assure you.