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Bill Clinton is the culprit who singed the Commodity Futures Modernization Act that paved the way for Golkdman Sachs make billions at the cost of americn home owners --
Bill Clinton's behaviour of vietnam draft dodging --
He paid $850,000 to Paula Jones for sex --
He messed up with Monica Lweinsky and took the presidency to the brink --
He singed pardon on the last day at last minute for the fraudster Marc Rich --
All these points -- He is capable of having signed the act knowing fully well that millions of americans will lose their homes !
Bill Clinton is indeed a criminal !!
Goldman Sachs Plays, We Pay
By Robert ScheerHere's a gist of thoughts of Robert Scheeer
editor of Truth Digg that digs beyond the Headlines ---Never in U.S. history has one company wielded such destructive power over American and World political economy ---Irrespective of whether a Republican or a Democrat happened to be president. Goldman Sachs makes its money placing bets on people losing their homes. Lately, Goldman announced a 91 percent jump in profit to $3.46 billion for the quarter --- [[[ Three and half billion for one quarter only --- ]]] While dreams of millions of american families continue to be foreclosed --- because of a crisis that Goldman Sachs did much to cause.It was Goldman-Vice-Chairman, Robert Rubin who pushed through the radical financial deregulation during the Clinton presidency That made the derivatives madness possible. When Bill Clinton was asked on ABC’s Sunday show “This Week” If he now regretted the advice he received back then from Rubin and his protégé Lawrence Summers Both now top Obama advisersClinton responded: “On derivatives, yeah, I think they were wrong and I was wrong to take it. …”[[[ Could we believe president Bill Clinton was NOT aware of the repercussions when he willingly signed the bill into Law --- We say Clinton too is guilty of this crisis ]]] Thanks to that bad advice, Clinton signed off on the Commodity Futures Modernization Act, which categorically exempted those derivatives from any existing law or regulatory body. [[[ Derivatives = (law) a financial instrument whose value is based on another security ]]] It was that exemption that freed Goldman Sachs and others on Wall Street to run wild in packaging collateralized debt obligations --- That turned people’s home into nothing more than gambling chips. The more suckers to be conned into those mortgage obligations, the better for the financial casino—until it had to be saved by taxpayers from spiraling completely out of control.And it was Goldman Sachs Chairman Henry Paulson who engineered the Bush-era bailout that left Goldman Sachs holding the high cards. And left Lehman Brothers high and dry to go into bankruptcy and start the financial free fall. [[[ So, George Bush Jr too had his hand in the honey pot ! ]]] Goldman Sachs suddenly become a bank holding company --- and eligible for TARP funding and a sharp discount in the cost of borrowing money. Treasury Secretary Timothy Geithner, then head of the New York Fed, worked with Paulson to give Goldman Sachs the federally protected status of a commercial bank --- and also worked on the deal that passed taxpayer money through AIG to Goldman Sachs. [[[ Why Goldman Sachs and NOT Lehman Brothers ?
US presidents Bill Clinton and George Bush Jr were bamboozled or bribed or lobbied ? ]]] Lately, Sen. Blanche Lincoln porposed a bill that would prevent banks from dealing in swaps and other derivatives. Now that it is a bank, Goldman Sachs will have to drop that lucrative business --- or give up its right as a bank to borrow from the Federal Reserve --- as well as the protection of federal deposit insurance. [[[ Oh Lord -- the noose is tightening --- slowly yet surely ! ]]]The test for serious financial reform could well be that if it’s good for Goldman Sachs, it’s bad for the country. But with scores of Goldman Sachs executives well placed in the Obama administration --- As they were under Clinton and George W. Bush, it is a test the government is likely to fail as far as taxpayers are concerned. Or should we simply trust Mark Patterson, who was a Goldman Sachs lobbyist for three years --- Before he entered the Obama administration, to do the right thing for america ?The SEC civil suit is also a sign of progress. {{{ SEC = An independent federal agency that oversees the exchange of securities to protect investors ]]]There are other positive stirrings, as in President Barack Obama’s most recent speeches. But what is needed now is a profound populist commitment among those who elected Obama --- To demand he throw the money-changers out of the temple of democratic governance. [[[ Just as Jesus did in His times ]]]Our president, campaigned as a champion of the common people !The full report is here
Bill Clinton's behaviour of vietnam draft dodging --
He paid $850,000 to Paula Jones for sex --
He messed up with Monica Lweinsky and took the presidency to the brink --
He singed pardon on the last day at last minute for the fraudster Marc Rich --
All these points -- He is capable of having signed the act knowing fully well that millions of americans will lose their homes !
Bill Clinton is indeed a criminal !!
Goldman Sachs Plays, We Pay
By Robert ScheerHere's a gist of thoughts of Robert Scheeer
editor of Truth Digg that digs beyond the Headlines ---Never in U.S. history has one company wielded such destructive power over American and World political economy ---Irrespective of whether a Republican or a Democrat happened to be president. Goldman Sachs makes its money placing bets on people losing their homes. Lately, Goldman announced a 91 percent jump in profit to $3.46 billion for the quarter --- [[[ Three and half billion for one quarter only --- ]]] While dreams of millions of american families continue to be foreclosed --- because of a crisis that Goldman Sachs did much to cause.It was Goldman-Vice-Chairman, Robert Rubin who pushed through the radical financial deregulation during the Clinton presidency That made the derivatives madness possible. When Bill Clinton was asked on ABC’s Sunday show “This Week” If he now regretted the advice he received back then from Rubin and his protégé Lawrence Summers Both now top Obama advisersClinton responded: “On derivatives, yeah, I think they were wrong and I was wrong to take it. …”[[[ Could we believe president Bill Clinton was NOT aware of the repercussions when he willingly signed the bill into Law --- We say Clinton too is guilty of this crisis ]]] Thanks to that bad advice, Clinton signed off on the Commodity Futures Modernization Act, which categorically exempted those derivatives from any existing law or regulatory body. [[[ Derivatives = (law) a financial instrument whose value is based on another security ]]] It was that exemption that freed Goldman Sachs and others on Wall Street to run wild in packaging collateralized debt obligations --- That turned people’s home into nothing more than gambling chips. The more suckers to be conned into those mortgage obligations, the better for the financial casino—until it had to be saved by taxpayers from spiraling completely out of control.And it was Goldman Sachs Chairman Henry Paulson who engineered the Bush-era bailout that left Goldman Sachs holding the high cards. And left Lehman Brothers high and dry to go into bankruptcy and start the financial free fall. [[[ So, George Bush Jr too had his hand in the honey pot ! ]]] Goldman Sachs suddenly become a bank holding company --- and eligible for TARP funding and a sharp discount in the cost of borrowing money. Treasury Secretary Timothy Geithner, then head of the New York Fed, worked with Paulson to give Goldman Sachs the federally protected status of a commercial bank --- and also worked on the deal that passed taxpayer money through AIG to Goldman Sachs. [[[ Why Goldman Sachs and NOT Lehman Brothers ?
US presidents Bill Clinton and George Bush Jr were bamboozled or bribed or lobbied ? ]]] Lately, Sen. Blanche Lincoln porposed a bill that would prevent banks from dealing in swaps and other derivatives. Now that it is a bank, Goldman Sachs will have to drop that lucrative business --- or give up its right as a bank to borrow from the Federal Reserve --- as well as the protection of federal deposit insurance. [[[ Oh Lord -- the noose is tightening --- slowly yet surely ! ]]]The test for serious financial reform could well be that if it’s good for Goldman Sachs, it’s bad for the country. But with scores of Goldman Sachs executives well placed in the Obama administration --- As they were under Clinton and George W. Bush, it is a test the government is likely to fail as far as taxpayers are concerned. Or should we simply trust Mark Patterson, who was a Goldman Sachs lobbyist for three years --- Before he entered the Obama administration, to do the right thing for america ?The SEC civil suit is also a sign of progress. {{{ SEC = An independent federal agency that oversees the exchange of securities to protect investors ]]]There are other positive stirrings, as in President Barack Obama’s most recent speeches. But what is needed now is a profound populist commitment among those who elected Obama --- To demand he throw the money-changers out of the temple of democratic governance. [[[ Just as Jesus did in His times ]]]Our president, campaigned as a champion of the common people !The full report is here
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