Sunday, March 23, 2014

government captive to the vampire squid


forbiddenknowledgetv |  In this interview on C-SPAN, Glenn Greenwald cites a Sammy Johnson Op-Ed in the Washington Post that basically says that the New York investment bank, Goldman Sachs, "...seems to have a virtual lock on the Treasury Department. Positions: The Clinton Administration's Secretary of the Treasury was a former Goldman CEO, Robert Rubin and of course, of course, under President Bush, the CEO who designed the bail-out packages was the former Goldman-Sachs Ceo, Hank Paulson. The current Secretary, Tim Geithner is a protege of Robert Rubin - his Chief-of-Staff is a Lobbyist with Goldman-Sachs - and that's just one firm.

"But you look across the government, you see the financial industry, through its enormous financial resources, pouring money into the campaign coffers of the members of Congress, controlling members of the Executive Branch - and so each and every policy that the Executive Branch, under both President Bush and Obama have promulgated and advocated, as a response to the [World Financial] Crisis - has as the primary beneficiaries, the financial elites who have funded them and who control them and to whom they are inextricably linked - and it's a form of extreme corruption, in general - and I think that in a case where there's a real crisis, it's a particular problem.

"Another thing that I would underscore is that, if you go look back at how the [World Financial] Crisis began, in the 1990s, the financial industry was advocating, vigorously that many of the limitations on what they were able to do, many of which had been in place since the Great Depression - to prevent another Great Depression - were abolished one-by-one - and why? On a bi-partisan basis, because they fund both political parties and they were able to write the laws and those regulations were abolished, at their behest; that's what CAUSED the Financial Crisis - and that same corrupt system is still fueling what is intended as the solution."