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Tag Archives: Goldman Sachs

‘Why are banks giving out bonuses to execs who leave to work for the government?’

We’ve discussed this before. Why are the behemoths of Wall Street paying bonuses to executives who do tours in Washington?

Could it be that the banks see it akin to serving in the National Guard or something, that these executives are helping their fellow man and so deserve a little something extra?

Yeah.

No. More likely they are paying these guys extra money because the banks know that having representatives at the very highest levels of government is very profitable and a good form of insurance.

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Hillary Clinton’s new (real) theme song for 2016 (This video is NOT a joke)

Well I think we can guess with this video where Hillary thinks she needs to do some work.

I mean the video speaks to me as a dude. See, Hilary’s down to earth. She’s not the conniving, social climbing, callous, self aggrandizing crony capitalist who gets paid $300,000 per speech who takes piles of money from Goldman Sachs and the rest of Wall Street that I thought she was. The below video shows me this.

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Why the New York Fed Annoys Republicans and Democrats Alike

By far the most secret and least accountable operation of the federal government is not, as one might expect, the CIA, DIA, or some other super-secret intelligence agency. The CIA and other intelligence operations are under control of the Congress. They are accountable: a Congressional committee supervises these operations, controls their budgets, and is informed of their covert activities. It is true that the committee hearings and activities are closed to the public; but at least the people’s representatives in Congress insure some accountability for these secret agencies.
It is little known, however, that there is a federal agency that tops the others in secrecy by a country mile. The Federal Reserve System is accountable to no one; it has no budget; it is subject to no audit; and no Congressional committee knows of, or can truly supervise, its operations. The Federal Reserve, virtually in total control of the nation’s vital monetary system, is accountable to nobody – and this strange situation, if acknowledged at all, is invariably trumpeted as a virtue. – Murray N. Rothbard from The Case Against the Fed

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Why Wall Street loves Hillary

For the bankers the main issue is who will keep the current implied bailout regime in place? Who will let the Federal Reserve do what it does without criticism? Who will keep the light from shining on them? Who won’t question the current system of debt piled on debt piled on debt. Who will happily do The Street’s bidding?

Hmmm.

Hey Hillary, you’re “pragmatic.” You look pretty good. Here’s $100 million. Now go knock em’ dead.

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Elizabeth Warren: When Going Got Tough, Obama Admin ‘Picked Wall Street’

Given that she supported renewing the Export-Import Bank of the United States, Boeing’s bank, one of the most egregious examples of crony capitalism there is, Ms. Warren also chose to support Wall Street. Additionally, her baby the Consumer Financial Financial Board is (illegally?) housed within the Federal Reserve (not subject to Congressional funding oversight) and has become a lobbyist mill already.

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