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GOLDMAN SACHS MAFIA

 
Goldman Sachs Charade By Michelle Malkin
Monday, April 26, 2010

As Obama harangues Wall Street to clean up its house, all the President's Goldman Sachs men have their feet on the coffee table at his house. While President Obama assails the culture of greed and recklessness practiced by these men, his administration is infested with them.

The White House can no more disown Government Sachs than Da Boss-in-chief can disown Chicago politics.Obama is demanding "financial regulatory reform" -- just as the U.S. Securities and Exchange Commission has filed civil suit against Goldman Sachs for mortgage-related fraud. Question the timing? Darn tootin'. There are no coincidences in the perpetually orchestrated Age of O.

 

Foxes investigating the foxes in the hen house.

As the New York Post reported Tuesday, the Democratic National Committee immediately bought sponsored Internet ads on Google that direct Web surfers who type in "Goldman Sachs SEC" to Obama's fundraising site. "It's time to hold the big banks accountable," the money-grubbing DNC message bellows. But just like his predecessor George W. Bush, Obama has relied on Goldman Sachs and Wall Street power brokers to engineer massive government interventions to "rescue" failing businesses with the tax dollars of ordinary Americans.

Democrats are silent on the $994,795 in Goldman Sachs campaign cash that Obama bagged. The class-warfare Dems also are mum on all the president's Goldman Sachs men sitting in the catbird seat:• Goldman Sachs partner Gary Gensler is Obama's Commodity Futures Trading Commission head. He was confirmed despite heated congressional grilling over his role, as Reuters described it, "as a high-level Treasury official in a 2000 law that exempted the $58 trillion credit default swap market from oversight.

The Foxes

The financial instruments have been blamed for amplifying global financial turmoil." Gensler said he was sorry and was quickly installed to guard the henhouse.• Former Goldman Sachs lobbyist Mark Patterson serves under Treasury Secretary Timothy Geithner as his top deputy and overseer of TARP bailout -- $10 billion of which went to Goldman Sachs. Left-leaning government watchdog Melanie Sloan of the Citizens for Responsibility and Ethics in Washington responded: "It makes it appear that they are saying one thing and doing another."

White House National Economic Council head Larry Summers reaped nearly $2.8 million in speaking fees from many of the major financial institutions and government bailout recipients he now polices, including JP Morgan Chase, Citigroup, Lehman Brothers and Goldman Sachs. A single speech to Goldman Sachs in April 2008 brought in $135,000. Summers has prior experience negotiating government-sponsored bailouts that benefit private concerns. In 1995, he spearheaded a $40 billion Mexican peso bailout that bypassed Congress. Summers personally leaned on the International Monetary Fund to provide nearly $18 billion for the package. Summers' boss, then Secretary of the Treasury Robert Rubin, was former co-chairman of Wall Street giant Goldman Sachs -- the Mexican government's investment banking firm of choice.

As Obama harangues Wall Street to clean up its house, all the president's Goldman Sachs men have their feet on the coffee table at his house.Michelle Malkin is the author of "Culture of Corruption: Obama and his Team of Tax Cheats, Crooks & Cronies" (Regnery 2009).

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