Thursday, April 16, 2009

Billions for contributors, a few red cents for the rest

Over the past couple of years Goldman Sachs and other big contributors to the politicians down in Washington have bought up tens of billions of dollars worth of so called "toxic assets" at very large discounts from the banks and other institutions that originally bought them at face value.

It's almost as though Goldman Sachs and George Soros and the other big money political contributors knew something was in the works to make those "toxic assets" smell as sweet as the sea breeze off the Horn of Africa.

Starting in November, just before the election, the politicians and their bagmen conveniently made a plan to buy up those toxic assets at face value with your tax dollars. The architects of that plan were (big surprise!) Treasury Department and Federal Reserve Bank appointees who spent long careers with Goldman Sachs, and various other speculative companies controlled by George Soros and other big contributors to the politicians. Those bagmen (Rahm Emmanuel almost surely collected and counted the small bills for President Obama; I don't know who picked up the suitcases of loot for President Bush - his bribery collecting mechanism is less obvious) worked closely with Barney Frank, Chairman of the House of Representatives' Banking Committee and Chris Dodd, Chairman of the Senate Banking Committee.

The hundreds of billions of tax dollars that are providing windfalls ($13 Billion for the 100 partners who own Goldman Sachs, for instance - $130 Million each) are being laundered through AIG and Fannie Mae and Freddie Mac. The chief guys who set up the laundering program are Ben Bernanke, appointed by President George W. Bush, and Timothy Geithner, appointed by President Barack H. Obama.

Goldman Sachs partners and their employees contributed about $6 Million in officially reported bribes to politicians in 2008 (75% to Democrats, 25% to Republicans). In order of bulging pockets, the following politicians collected the most boodle from Goldman Sachs over the past 20 years: Barack Obama, Hillary Clinton, Mitt Romney, John McCain, Jim Himes, Chris Dodd, Rudy Giuliani, John Edwards, Arlen Specter, Rahm Emanuel, John Sununu, Jack Reed, Michael Skelly, Max Baucus, tom Harkin - the list goes on and on and on and on.
See for the details.

In return for the $6 Million, the politicians have so far paid back $13 Billion of your tax dollars to Goldman Sachs. That's a one year return of over 200,000 percent.

That's real "investment banking." Somali pirates don't get returns like that and their main expenses are for used rubber boats and boiled peanuts to feed their crews of cutthroats.

George Soros gave about $3.5 million to politicians in 2008; and Soros is probably even smarter than the Goldman Sachs partners if you judge based on his success at making billions by manipulating currencies over the years. Figure that Soros has also made at least a 200,000 percent return on his "investment" and you can assume that he's in his money bin rolling around in something like $10 Billion of your tax dollars.

Talk about pirates! Shiver me timbers!

Referring to pirates, President Jefferson (or somebody) famously said, "Millions for defense, not one red cent for tribute."

Presidents Bush and Obama and their handmaidens Barney Frank, Chris Dodd, Rahm Emanuel, Ben Bernanke and Timothy Geithner apparently believe in the motto, "Billions for contributors, a few red cents for the rest."

All in all, we're complacently overlooking the largest theft in the history of the world, the very Godfather of all thefts; while President Obama is keeping the media and us dazzled with his fancy footwork as he walks his new pooch and his smooth mouthwork as he proclaims how much he cares about the poor chumps who are going to get some crumbs from his programs.

A Treasury Secretary with his briefcase can steal a whole lot more than 10,000 men with guns. It's been written that 'every man defines the extent of his own greed." True enough, since Tim Geithner took the time and effort to cheat on a paltry 30 Grand or so in taxes while he was being groomed to steal tens of billions in the smoothest heist since that clever dude cheated his brother Ishmael out of his birthright for a bowl of porridge.

Incidently, please don't read this as a partisan attack on the Democrats. When politicians steal on this scale they make sure everybody dips their beak so they can be sure nobody important enough to get attention will squeal. Just to prove this really is a bipartisan post, here's then Senator Obama yucking it up at a roast held in 2005 for Rahm Emanuel. You will notice that there are no suitcases of small bills visible in this video.

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