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Butt Chewing!

A

Anonymous

Guest
This is a real "butt chewing out" that you'll probably never see on the FOX news...It's so true and the bureaucrat (Paulsons Senior Advisor) is so typical in evading the answers like it depends on what the meaning of "is" is!...We need a whole Congress of politicians like this gent from Illinois...





http://www.youtube.com/watch?v=UP73cK3GXdo
 
A

Anonymous

Guest
Oldtimer said:
This is a real "butt chewing out" that you'll probably never see on the FOX news...It's so true and the bureaucrat (Paulsons Senior Advisor) is so typical in evading the answers like it depends on what the meaning of "is" is!...We need a whole Congress of politicians like this gent from Illinois...





http://www.youtube.com/watch?v=UP73cK3GXdo

This was hitting the e-mail circles yesterday-- and was so typical of all the Congressional hearings on the economy I've been able to watch lately...
And its just plumb redeeming to hear not only the Democrats chastising these Bush puppets- but many Republicans- some who even go further and not only call them incompetent, but corrupt- as some have been doing to Bush...

Its just too bad it took some of these Repubs 8 years and allowing the country on the brink of implosion to take off their rose colored glasses- and start doing their job.....
 

Mike

Well-known member
Very fitting that you choose to chastise Republicans, yet use a comparison of vocabulaire evasion attributed to the consumate Democrat (Clinton)?

How smart are you this morning? :roll:
 

TexasBred

Well-known member
What's really funny is that the new Secretary of the Treasury looked just as stupid, inept and unprepared when he made his announcements yesterday. He and his dept. do not have a clue what they are now doing or what they need to do. What the Honorable Mr. Manzullo doesn't realize is that the US gov't cannot void employment contracts. How many inept CEO's have they removed from these companies?? Nada???? And you wonder why people won't invest in the stock market??
 
A

Anonymous

Guest
Mike said:
Very fitting that you choose to chastise Republicans, yet use a comparison of vocabulaire evasion attributed to the consumate Democrat (Clinton)?

How smart are you this morning? :roll:

Oh I was no Clinton lover- never voted for the man..The only thing I like about Clinton was (like Greenspan said in his book) he was more "fiscally conservative" than Bush- and he actually had a balnced budget and paid down some national debt for a couple of years...

The real interesting hearings to watch lately have been the Madoff/SEC hearings and the Congressmen of both parties ripping apart the SEC folks for their failure to investigate Madoff after having almost the whole case laid out to them by Markopolos over 7 complaints he filed between 2000 and 2007...

As several Congressmen noted- you didn't find anything because you didn't look- you didn't want to find anything....One summed it up best- when he told the Head of Investigations that "he couldn't find his own butt if he had both hands on it"...

I see he took the Congressmens advice- and resigned the other day.... :)

Lawmakers Blast SEC in Madoff HearingsBy MARCY GORDON, AP
posted: 6 DAYS 14 HOURS AGOcomments: 318filed under: MadoffPrintShare
Text SizeAAAWASHINGTON (Feb. 4) - House lawmakers on Wednesday accused the Securities and Exchange Commission of impeding their probe into how the agency failed to uncover the alleged $50 billion fraud perpetrated by Bernard Madoff.
The clash between lawmakers and high-ranking SEC officials came at a hearing after the whistleblower in the case, Harry Markopolos, said he had feared for his physical safety and would turn over new evidence to the agency showing the alleged Ponzi scheme mastermind had not acted alone.
Markopolos said he had discovered a dozen additional funds that funneled money to Madoff, "hiding in the weeds" in Europe. Managers of investment "feeder" funds that relayed money to Madoff willfully turned a blind eye to his improprieties because they were paid generous fees, Markopolos said.
He plans to present his findings to the SEC's inspector general on Thursday. If proved, they would substantiate the assertions of many analysts that the alleged fraud was far too large for Madoff to have conducted alone.
Madoff, a prominent Wall Street figure who had been chairman of the Nasdaq Stock Market, was arrested in December after allegedly confessing to his sons that he had bilked investors in what the authorities say may be the largest Ponzi scheme ever.
Markopolos also planned to provide information on what he called a "mini-Madoff," another Ponzi scheme he said he's uncovered that may have defrauded investors of as much as $1 billion.
In loud, angry exchanges, lawmakers threatened to issue subpoenas to SEC officials to compel their testimony.
 

Mike

Well-known member
But Obama has chosen as head of the SEC one of the ones who was called corrupt.

Change? Not a chance...............................
 
A

Anonymous

Guest
Mike said:
But Obama has chosen as head of the SEC one of the ones who was called corrupt.

Change? Not a chance...............................

Well in the hearings- the Congressmen (of both parties) expressed quite a bit of hope and confidence that the new Administration would begin enforcing these laws that the Bush crew refused to- and work with them to set up some more stringent rules and laws to oversee/police these corrupt and greedy traders that have bilked folks out of Billions $ to try and restore some confidence in the investment industry...
 

Mike

Well-known member
Oldtimer said:
Mike said:
But Obama has chosen as head of the SEC one of the ones who was called corrupt.

Change? Not a chance...............................

Well in the hearings- the Congressmen (of both parties) expressed quite a bit of hope and confidence that the new Administration would begin enforcing these laws that the Bush crew refused to- and work with them to set up some more stringent rules and laws to oversee/police these corrupt and greedy traders that have bilked folks out of Billions $ to try and restore some confidence in the investment industry...

Yada Yada Yada.

I've already explained. If the Bush "crew" wouldn't enforce laws, why would the very same "crew" enforce them for Zer0? :lol:

Hope & Confidence? You're smarter than that. Well.......maybe not. :roll:
 

TexasBred

Well-known member
Oldtimer said:
Mike said:
But Obama has chosen as head of the SEC one of the ones who was called corrupt.

Change? Not a chance...............................

Well in the hearings- the Congressmen (of both parties) expressed quite a bit of hope and confidence that the new Administration would begin enforcing these laws that the Bush crew refused to- and work with them to set up some more stringent rules and laws to oversee/police these corrupt and greedy traders that have bilked folks out of Billions $ to try and restore some confidence in the investment industry...

How do the corrupt oversee the corrupt??? You'll never have confidence in the banking industry as long as you let the same crooks manage these companies and the people overseeing them are the same type crooks, once removed.
 
A

Anonymous

Guest
TexasBred said:
Oldtimer said:
Mike said:
But Obama has chosen as head of the SEC one of the ones who was called corrupt.

Change? Not a chance...............................

Well in the hearings- the Congressmen (of both parties) expressed quite a bit of hope and confidence that the new Administration would begin enforcing these laws that the Bush crew refused to- and work with them to set up some more stringent rules and laws to oversee/police these corrupt and greedy traders that have bilked folks out of Billions $ to try and restore some confidence in the investment industry...

How do the corrupt oversee the corrupt??? You'll never have confidence in the banking industry as long as you let the same crooks manage these companies and the people overseeing them are the same type crooks, once removed.

But with Bush it was a pattern you saw in ALL Departments and Agencies- it was POLICY...Hopefully the countries, Congress, and the new Administrations rebuff of this direction- and the evidence of what it results to-- will bring in new policy- and real oversight and regulation....

But like was brought up in the hearings- it takes someone with education, training, and experience in this type of trading and/or regulation of this type trading to be able to ferret out and identify the unethical and illegal actions....
But if the President says "take an 8 year coffee break" as has come out so often in the pattern of the Bush regime- nothing works....
 

TexasBred

Well-known member
8 year coffee break. That one is getting old. If they were unqualified it doesn't matter if they took a 10 minute break or 25 year break. Having worked in banking I can tell you it ain't hard to stay ahead of federal or state examiners and the size of the institution has nothing to do with it. They just send in more impotent FDIC and/or OCC folks and then you have gross impotence... I've proved that if you want to hide it.... you put it right under there nose, then you give them something insignificant to find and let them write you up for it. Banking regulators are way behind the bankers and investment firms.
 
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