Greedy Pigs Launch Counter Offensive
Having brought our reality show TV prez to heel, stolen trillions from the taxpayers through their moles in the government and fat and happy from their record bonuses the evil empire that is Goldman Sachs is now fighting back. Bloomberg announced that Wall Street (aka Goldman Sachs) has enlisted two lackeys of the Frankenstein of financial chicanery Hank Paulson to take their propaganda and shove it down the throats of the American sheeple. The timing is a bit off though and so is their overestimation of the ability of the American Idiots to disengage from their electronic crackpipes, Whacko Jacko kicked the bucket yesterday so a lot of money for this sewage could be saved – but hey, it’s mostly TARP mad money anyway ain’t it. Anyway, while the corporate media vultures are picking the meat from Jacko’s still warm corpse the story that I refer to is Wall Street Sets Campaign on Populist Overreaction. Seems like the anger directed at AIG’s plundering and Jim Cramer and CNBC’s lies has the financial oligarchs a bit restive although that anger has been tamped down by the three months running Green Shoots public relations campaign.
Here is an excerpt from the Bloomberg piece:
June 25 (Bloomberg) — Wall Street’s largest trade group has started a campaign to counter the “populist” backlash against bankers, enlisting two former aides to Treasury Secretary Henry Paulson to spearhead the effort.
In memos of confidential meetings with top financial executives, the Securities Industry and Financial Markets Association said it began this month the “execution phase” of the operation, which pledges to “embrace change” and accountability. The plan targets policy makers and the media in New York, London, Washington and Brussels and calls for a “city-by-city, grass roots” approach.
The securities industry “must be perceived as part of the solution, which will allow it to better defend against populist overreaction,” the documents, prepared for a June 17 meeting of SIFMA’s board, said.
The board meeting minutes and staff-written papers, obtained by Bloomberg News, outline the program crafted by polling, lobbying and public relations companies paid at least $85,000 a month. The memos provide a glimpse, in often candid language, into how Wall Street is grappling with its pariah status.
“It is imperative that in this historic period of reform, the industry be recognized as playing a positive role in seeking change and providing solutions to the problems we face,” one of the documents said. “There is currently widespread skepticism about the industry’s commitment to this needed change.”
In other words LIES…LIES..LIES to lure the suckers back into the casinos that were propped up by the Pope of Hope rather than the serious structural problems that caused the implosion to occur be corrected. What Goldman Sachs did is best explained by Matt Taibbi in his latest piece from Alternet Suck On Our Yachts.
This isn’t really commerce, but much more like organized crime: it was a gigantic fraud perpetrated on the economy that wouldn’t have been possible without accomplices in the ratings agencies and regulators willing to turn a blind eye. Imagine a meat company that bred ten billion rats, fattened them on trash and sewage, ground their bodies into chuck, and then sold it all as grade-A ground beef to McDonald’s and Burger King, right under the noses of the USDA: this is exactly the same thing, only with debt instead of food. We’re eating it, they’re counting the money.
That is the best explanation of the swindlers’ financial alchemy that I have ever seen and one that even 200 million Michael Jackson mourners could understand. Now as I stated in a post that I did last week about the fascination over Iran’s phony ‘Green Revolution’ (Green shoots, Green Revolution…..yada fucking yada, you would think that for as much money as they are paid that the public relations shops would at least have some originality) that Americans love a good revolution as long as they don’t actually have to arise off of their sofas, put down their remotes and participate. What Goldman Sachs, the Great Satan has done to us all should have millions of pitchfork and torch bearing taxpayers marching on Wall Street demanding mass lynchings. They certainly have time on their hands now that they are fucking unemployed and homeless.
But American capacity for outrage is limited to silly wedge issues, who was it that once said that he could hire half of the working class to kill the other half. Anyway, in wrapping up I want to bring attention to this delightful little piece from the foreign press on what our vastly more sophisticated European cousins are capable of when ripped off by the greedmongers.
A group of well-to-do pensioners who lost their savings in the credit crunch staged an arthritic revenge attack and held their terrified financial adviser to ransom, prosecutors said yesterday.
The alleged kidnapping is the latest example of what is being dubbed “silver crime” — the violent backlash of pensioners who feel cheated by the world.
“As I was letting myself into my front door I was assaulted from behind and hit hard,” the financial adviser James Amburn, a 56-year-old German-American, said. “Then they bound me with masking tape until I looked like a mummy. I thought I was a dead man.”
He was freed by 40 heavily armed policemen from the counter-terrorist unit last Saturday. The frightened consultant was in his underwear, his body lacerated by wounds allegedly inflicted by angry pensioners.
It appears that two couples had entrusted Mr Amburn’s investment company with €2.4 million (£2 million), which he ploughed into Florida’s boom-and-bust property market. The properties became forfeit during the sub-prime mortgage crisis but the couples wanted their money back.
After being bundled into the boot of an Audi in the west German town of Speyer, Mr Amburn was driven southwards to Chieming, close to the Austrian border, where one of the couples Roland K, and his wife, Sieglinde, 79, had a holiday home.
The financial adviser claims he was held there in a cellar for four days almost naked, fed soup twice a day and beaten. Another couple, Gerhard F, 63, and his wife, Iris, 66, both retired doctors, allegedly helped to torture the prisoner.
“I was beaten. They threatened again and again to kill me,” Mr Amburn said. At least two of his ribs were fractured.
Mr Amburn says he tried to escape once when he was permitted to smoke in the garden. He scaled the wall and ran though the rain in his underpants calling for help.
The pensioners pursued him in their car, shouting: “Stop that man! He’s a burglar!” Two locals pinned him to the pavement and he was taken back to the cellar, where he claims he received another beating.
The investment consultant’s break came when he was allowed to send a fax to a Swiss bank asking for the transfer of the funds demanded by the gang.
On the fax he pretended to refer to call options and to insurance policies (the German word for a financial policy is police). This came out as “call.pol-ice.”
They didn’t notice it but someone at the bank was bright enough to spot it,” Mr Amburn said.
The pensioners are under arrest on suspicion of deprivation of liberty, torture and inflicting grievous bodily harm. These charges carry a maximum of 15 years in prison.
“They were angry because they invested money in propertites in Florida and he lost it all,” Volker Ziegler, chief public prosecutor in Traunstein, said.
The numbers of attacks by elderly people had been rising fast even before the financial crisis hit savings. A three-man gang of pensioners is serving long jail terms for mounting 14 bank robberies across Germany to boost their retirement funds.
Rudolf Richter and brothers Wilfried and Lothar Ackermann were entitled only to modest state pensions of between €100 and €400 a month.
They became enraged by the size of bankers’ bonuses and over nine years — ending in their arrest in 2005 — netted more than €1.3 million. Police recovered only half that sum.
“It is unbelievable how easy it is to rob a bank,” Wilfried Ackermann, 73, boasted during the trial. The men held carrots in their pockets pretending that they had pistols.
On one of the raids Richter, 74, slipped on an icy pavement, dropped the loot and had to be carried to the getaway car.
I can’t happen here.
Posted on 2009/06/26, in Economic Collapse, Economic Royalists, Financial Fraud, Financial Terrorism, Goldman Sachs Scum, Government Corruption, Wall Street Bandits, Wall Street Traitors. Bookmark the permalink. Leave a comment.