Tossing Timmy and Larry Under the Bus
It's time. No good can come from having Wall Street humanoids dispensing public coin to other Wall Street humanoids. Mr. Obama is still talking the talk — he was in fine fettle yesterday evening in Costa Mesa, California — but he ain't walking the walk. Treasury is completely adrift; there's no end to these bail-outs in sight; no long term plan worth mentioning; nor any international financial diplomacy that impresses allies or interested bystanders. What Mr. Obama desperately needs is a financial team that excludes those responsible for the mess in the first place. He's gamely trying to double-talk his way out of that reality (why he picks corrupt allies remains a puzzle) but I don't see many true believers
Posted by George Kenney on March 19, 2009 12:14 AM 
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watch this
http://video.google.com/videoplay?docid=7886780711843120756
[Since this isn't very well described, for those who might watch it's a long and somewhat confused, but hard-hitting, editorial comment by Alex Jones. g.]
Posted by: cmm | March 19, 2009 2:15 AM
If the net cost to the Obama administration will be a plus, then fine: Toss them.
But please, some suggestions for the people who can do the job and would be willing to risk taking the next bus. Names? Anyone?
My level of frustration with the systemic corruption of the American capitalist system keeps me draped over the fence line between "it's not recoverable" and "string up the bastards."
Names...
Posted by: Peter | March 20, 2009 10:21 AM
Regarding the Madoff Ponzi scheme story, I thought your readers might find the following report of interest:
'Heneghan: Madoff-Gate now New York State Real Estate-Gate'
at
http://www.fourwinds10.com/siterun_data/government/banking_and_taxation_irs_and_insurance/social_security/news.php?q=1237416379
It has been interesting to read/watch how Mr Madoff has been treated so gingerly by the MSM. If the Heneghan/W Madsen story is basically accurate, it would appear that a lot of very public players are having their strings pulled by those (mafia-linked major construction firms in the NYC area) who anticipate making a killing on real estate developments related to the proposed Cornerstone projects. While it may be speculative to suggest a conspiracy involving the perpetrators of the events of 9/11/2001, who knows at this point in the story? The 'Madoff-Gate' story suggests some significant portion of the monies involved in the Madoff Ponzi scheme may be residing in Israeli (and/or other off-shore) banks.
By the way, the 'Madoff-Gate' story is no less believable/exceptional than Barack Obama's appearance on the Jay Leno show. After all, the timing of Obama's efforts may have diverted attention of the American public from the more significant AIG-related disasters facilitated by his economic advisers' decisions to foist upon the American taxpayers the responsibility for back-stopping the unregulated/unsupervised banksters' involvements with their various securitization creations. Were the Obama administration to institute policies of 'change', a large number of the so-called 'masters of the universe' might be on their way to jail and the zombie banks might be allowed to fail. Obama's main strength appears to be his showmanship and the Leno show afforded an opportunity for the President to demonstrate that particular undisputed capability.
[I don't consider WMR a reliable source. g.]
Posted by: William Wilson | March 20, 2009 1:44 PM