Bloody hell....

Cancel 2016.2

Cancel 2016.2

The Almighty
http://finance.yahoo.com/banking-budgeting/article/108566/businesses-criticize-cast-of-inquiry-panel

A congressional commission examining the causes of the financial crisis was drawing fire even before its first public hearing got under way Wednesday, with business interests complaining that some panel members' ties to a major plaintiffs law firm could aid litigants seeking to sue financial firms.

The panel, the Financial Crisis Inquiry Commission, was created by Congress last year and also includes several members with ties to the banking industry. It will begin taking sworn testimony Wednesday from the chief executives of several big Wall Street banks, including Goldman Sachs Group Inc. and J. P. Morgan Chase & Co.
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are you fucking kidding me? The idiots in DC couldn't find people that DON'T have conflicts of interest?

The San Diego-based law firm with ties to the commission, Coughlin Stoia Geller Rudman & Robbins, has filed dozens of lawsuits against major banks since 2007, according to federal court records. A longtime lawyer with the firm, Byron Georgiou, sits on the 10-member commission. A senior commission staffer, Christopher Seefer, is on leave from his position as a partner with the law firm.
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The commission chairman, former California Treasurer Phil Angelides, was a trustee of state pension funds that periodically used Coughlin Stoia's predecessor firms in securities litigation against the likes of former telecommunications giant WorldCom, which collapsed in a massive accounting fraud that resulted in a 25-year prison term for its CEO. Mr. Angelides received about $250,000 in contributions from lawyers with the firm during his 2006 campaign for governor.
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Dan Newman, a spokesman for Coughlin Stoia, said critics of the firm's ties to the commission were seeking "to prevent the public from learning the truth about the root causes of the financial meltdown."
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yeah Dan... THAT is why they are critical... not your conflict of interest, but because they don't want people to find out the truth.

Some panel members and staffers have close ties to businesses. Vice chairman Bill Thomas, a former Republican congressman, is a government-relations adviser with a law firm that has banking clients. Peter Wallison is a fellow at the conservative American Enterprise Institute and a critic of many financial-regulation proposals. The commission employs a number of lawyers who previously worked for law firms that typically defend corporations, including banks.
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Seriously???? Is there not one single fucking ounce of integrity in DC? and yes.... that is a rhetorical question.
 
Yurt said:
lol....you forgot the invisible ninjas
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I just cannot believe that they expect to continue to get away with this crap. How hard is it to find people with financial and economic backgrounds that can run this committee with an unbiased view? This is a joke. One that should piss off both liberals and conservatives, Reps and Dems.
 
Superfreak said:
I just cannot believe that they expect to continue to get away with this crap. How hard is it to find people with financial and economic backgrounds that can run this committee with an unbiased view? This is a joke. One that should piss off both liberals and conservatives, Reps and Dems.
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It's easy. When you really start criticizing the banker cartel they smear you as jew hater and shut you down. You know why it works?

They really are jews.
 
Should they be rounded up? no.

Let's just dismantle the fed and tell keynesians and fake money lovers to fuck off. The jig is up.

The fiat money global dynasty failed.
 
Chapdog said:
have they even done anything about uptick, naked, and hedgefund transparency yet?
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Uptick... no... which means if any of the potential shoes drop... you will likely see another run on the financial stocks.

Naked... still illegal as it has always been. New rules state you have to borrow the shares prior to shorting, but who knows what they are doing to enforce.

Hedgefund transparency... nothing that I am aware of... I am sick of all the 'off the books' transactions where there is no transparency. We still don't know how many of those so called 'toxic' assets are sitting on banks balance sheets. We still have no idea who is shorting stocks. We don't need client breakdowns of the firms, but we should know which firms are doing the shorting... especially with the uptick rule gone.
 
Fed Independence = The right to central plan the entire economy for their own benefit and social engineering projects and leave the rest of us the pay the bills and shut up.
 
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