Marcy Kaptur knows her stuff and is one of the few that is for the people. Wall Street has been controlling our lives for way too long and if the Government doesn’t do anything about this problem, we are going to see riots like never seen before.
This just fits right along with all the pieces to this article.
A former senior analyst at Moody’s has gone public with his story of how one of the country’s most important rating agencies is corrupted to the core.
The analyst, William J. Harrington, was employed by Moody’s for 11 years, from 1999 until his resignation in 2010.
From 2006 to 2010, Harrington was a Senior Vice President in the derivative products group, which was responsible for producing many of the disastrous ratings Moody’s issued during the housing bubble.
Harrington has made his story public in the form of a 78-page “comment” to the SEC’s proposed rules about rating agency reform, which he submitted to the agency on August 8th. The comment is a scathing indictment of Moody’s processes, conflicts of interests, and management, and it will likely make Harrington a star witness at any future litigation or hearings on this topic.
Please take the time to watch this video in it’s entirety. It is amazing and will give you goose bumps!
Even now my voice is reaching millions throughout the world. Millions of despairing men, woman and little children. Victims of a system that makes man torture and imprison innocent people.
For those who can hear me, I say Do NOT DESPAIR…
The misery that is now upon us is by the passing of greed, the bitterness of men who fear the way of human progress, the hate of men who will pass and dictators die and the power they took from the people will return to the people as so long as men die liberty will never parish.
Soldiers don’t give yourself to brutes men, who despise you and slave you, who regimen your lives, tell you what to do, what to think and what to feel, who drill you, tire you, who treat you like kettle, use you as canon powder don’t give yourselves to these unnatural men, machine men with machine minds and machines hearts you are not machines, you are not kettle, you are men, you have the love of humanity in your hearts, you don’t hate, only the unloved hate, the unloved and the unnatural…
Any News Media Outlet…do you think maybe getting an interview with Sen Bernie Sanders to tell the truth the whole truth and nothing but the TRUTH?
He GETS IT!
Sen. Bernie Sanders (I-VT) discusses greed and the foreclosure crisis, and calls for a “new Wall Street” during a recent conversation at Brave New Studios in Culver City, CA. Produced by Brave New Foundation. We must put a human face on the foreclosure crisis affecting millions of families. Go to
Matt Taibbi has a feature article in The Guardian which parodies the Gordon Gecko “Greed is good” statement from the film “Wall Street”. He carries the subject forward to develop a picture of Ayn Rand Objectivism taking over the world.
This is an article that will make some readers scream in disgust at the position Matt espouses and others scream in disgust at the Randian world he rants against. He concludes the article:
This debate is going to be crystallised in the Goldman case. Much of America is going to reflexively insist that Goldman’s only crime was being smarter and better at making money than IKB and ABN-Amro, and that the intrusive, meddling government (in the American narrative, always the bad guy!) should get off Goldman’s Armani-clad back. Another side is going to argue that Goldman winning this case would be a rebuke to the whole idea of civilisation – which, after all, is really just a collective decision by all of us not to screw each other over even when we can. It’s an important moment in the history of modern global capitalism: whether or not to move forward into a world of greed with out limits.
Taibbi’s conclusion is similar to my repeated belief that it is important for the SEC vs. Goldman Sachs case to go to trial so the convoluted financial processes involved can be presented and reviewed by both plaintiff and defendant. The nature of the machinations must be understood by the masses and the limits of current law must be defined in order to have a rational debate. We need a complete expose so we can make logical decisions about where the financial system should go from here.
Absent the trial or some other process of discovery we risk being doomed to divide into three camps:
The Randians’ anything goes credo.
Those who want to regulate everything to death.
The vast majority who abandon hope of ever understanding enough to have an opinion.
We need a citizenry that understands what has happened to a sufficient extent to support some rational middle ground between the law of the jungle and all animals in zoo cages.