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6 Shocking Revelations About Wall Street's Secret Government


US Politics & Gov't  (tags: wall street, abuse, bushadministration, cover-up, corruption, media )

Vance
- 2756 days ago - alternet.org
This piece, cut down from the original Bloomberg article, explains behind the scenes machinations of Paulson, Geitner, et al. It indicates Paulson set up secret meetings resulting in $7 Trillion in loans. Congress was informed about none of this.



   

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Comments

(0)
Thursday December 1, 2011, 5:42 am
Not surprising, much is hidden these days Vance.
 

Past Member (0)
Thursday December 1, 2011, 7:30 am
unreal what these epople are getting away with. our whole government is corrupt.
 

LeMoyn Salmonsen (88)
Thursday December 1, 2011, 7:58 am
Thanks Vance for this post, I just signed the petition and posted this same artical connection in my comment on ** TAKE ACTION**The Occupy Amendment Proposed in Congress ***Please Sign
 

Kit B (276)
Thursday December 1, 2011, 9:14 am

I wish I could say, Wow, what a surprise. For those who work to learn and stay ahead of this situation most of this information has been available, though I do think alter-net did a great job by publishing this article. One step in ending this corruption is by understanding what is going on, the next is to sign the new petition to support the OCCUPIED Amendment, then write letters and make phone calls to each of your district representatives and Senators - don't stop after one letter or call - keep the pressure on till the bill is passed. Include the president in your letters and calls, write to your local newspapers, tell friends and neighbors - get them to sign the petition and add their letters and calls. We must take responsibility for what does or does not happen by being the force that demands transparency and honesty. We can do this, if we really want to change this take over of our government by the oligarchy. It's all in our hands.

The OCCUPIED Amendment:
http://www.care2.com/news/member/451276626/3033569

O = outlawing

C = corporate influence

C = CASH

U = Undermining

P = Public interest

I = in the

E = election process

D = democracy

Media and Democratic Rep. Deutch amendment is a blend of the best ideas:

1. The rights protected by the Constitution belong to human beings (natural persons).

2. Constitutional rights do not extend to for-profit corporations or other business entities, nor do they extend to chambers of commerce that promote business interests.

3. The constitutional rights of other non-profit corporations, such as charities, churches, schools, hospitals, clubs, unions, and environmental groups remain in place.

4. Immediately upon adoption, this amendment would prohibit business corporations and their associations from using money or other resources to influence voting on candidates or ballot measures anywhere in America—at the federal, state, and local levels.

5. Counteracting the 2010 Citizens United case and the 1976 Buckley v. Valeo case, Congress and the states would once again have the authority to regulate and set limits on all election contributions and expenditures, by any group or person.

6. This would empower Congress and the states to control election spending by CEOs and other wealthy individuals, including those rich enough to pay for their own campaigns.

http://www.care2.com/news/member/451276626/3033569
 

Craig Zimmerman (86)
Thursday December 1, 2011, 10:11 am
Bloomberg news deserves some credit for helping to expose this scandal.
 

Veronica G (108)
Thursday December 1, 2011, 10:19 am
Same sort of B/S in Uk, too.
 

Marco C (31)
Thursday December 1, 2011, 10:22 am
This is exactly what needs to happen. Balls to the wall exposure until the system is purged. This is where the spending will come down, the budget will feconsile and the deficit will dwiindle. The crooks better all leave before they are sought out and imprisoned for their crimes.
 

Sheryl G (359)
Thursday December 1, 2011, 10:35 am
I can't recall which channel on the TV went into depth on this, but you can be sure it wasn't Fox News...lol

Anyways, this is the Shadow Government some of us know about but as it is in the Shadows the average person and obviously some of Congress are not aware of it. I say some in Congress and the Government, for I feel even in our Government there are some playing ball with the theives and others who are kept out of the so called loop.

These Theives will throw these Congressmen under the bus, there is no Honor and they will begin to destroy each other. Which is what I'm looking forward to actually. Once the deck of cards start to fall they will push each other in front of the bus to save themselves.

I also hope that those in Congress and the House now will learn this lesson when they are all exposed for their parts in it, that you play with Theives your head will also roll in time. The American people are the ones who elect and once enough of them see what is really going on they'll rid themselves of these rats, otherwise they are stupid not to do so, in that case all is lost.

Now will those Theives cover the elected officials backs that were in bed with them is the question. Much needs to change in the way business is done in Washington and we can only hope that enough of them will start doing the right things in their positions to begin this process.

I hope in future that elected officials learn that you can't just base your policies on those who have the most money. Even for the elected who may of thought they were doing the right things, who were deceived as well, this will show them that they were used and abused as well in their positions. Snakes in the grass who slithered their way to the powerful making claim to all sorts of things.

Well as the Chinese Curse reads...."May you live in interesting times." These certainly are interesting.

Now I want to see some HIGH ROLLERS end up behind bars not the students, grandparents, laborers, the Veterans, and others who make up the Occupy Movement.


 

Sir Walk F (124)
Thursday December 1, 2011, 11:36 am
Only when we stop putting our hopes in Partisanship will this change.
 

Norm C (74)
Thursday December 1, 2011, 11:38 am
Please remember, that with great, enormous private and personal wealth comes great, enormous and unaccountable power. With unaccountable power, backed by great, enourmous wealth comes widespread corruption.

Attack the root, the disease -- Concentrated wealth and elite incomes.

With great, enormous wealth in few hands comes a banana republic. BIG Money destroys a democratic republic. Big Money destroys a vibrant economy and reduces the vast majority to wage slaves (few job alternatives and fewer good jobs with needed benefits and even fewer paying appropriate wages) and indentured servants (lots of recent graduates with huge loans and few jobs with incomes capable of repaying them).

Attack the root, the disease -- concentrated wealth and elite incomes.

Reversing the absurd concept of corporations having Constitutionally protected political and privacy rights as if they were human beings is essential to restoring our self-governing republic. We should be taking away their right to "...bid defiance to our government..." by claiming rights reserved by and for We the People as listed in the Constitution. We must, therefore, overturn 125 years of spurious judicial activism/legislation by the Supreme Court to include Buckley v Valeo, Citizens United v FEC, First National Bank of Boston v. Bellotti, etc. The only ways to overturn once and for all a series of SCOTUS rulings is with either a clear repudiation by SCOTUS or a constitutional amendment. Clearly, this court will not repudiate this series of decisions based on a faulty and possibly corrupt headnote and not an actual ruling. That leaves us with an amendment.

Amendments must be carefully considered and crafted. The wording can be general and imprecise and therefore quite short, or it can be more specific and precise and therefore quite long. There are valid reasons for both. I favor precise and long because of the knowledge and experience that great wealth and power enables great cunning and the ability to buy the services of those who will find ways to interpret charter documents as persons and paper and digital money as speech.

One of the problems with merely stating that "persons" means "natural persons" within the scope of the Constitution could be that the current spate of initiatives to give fetuses and fertilized eggs full personhood will unleash another line of bizarre nonsense. These absurd stretches of language and reason, considering the history of the corporate personhood doctrine, must also be considered in the wording of an amendment.

One of the corporate personhood issues to be addressed is to retain for them those rights that allow corporations to operate and that require them to do so responsibly. They do need, and we should not try to take away, their "jurisdic" personhood rights of entering into contracts and of being able to sue and be sued.

Another issue is the rights of individuals within associations. What are the rights to privacy of members within an association vs. the rights of the association to privacy? Do the individuals' rights transfer to the association and its actions, or do they stay rooted in the individuals permitting the association to fail to disclose members but requiring the association to disclose the association's activities? And what about the ability of individuals within an association, such as a union or a fraternal organization or a religious group, being able to doorbell, phonebank or do voter turnout?

And what of "independent expenditures"? Once you eliminate the doctrine of money equals speech, you still have not controlled the ability of groups or organizations to run nonstop ads. Can they be banned completely? Or must they be limited with respect to how much individuals can contribute to them and who can contribute? Should they they limited to when such ads may appear?

We have more to deal with than merely the Citizens United ruling. Once that amendment, properly crafted, is passed, we will still have to deal with concentrated wealth. Remember, nothing was perfect or fair and just even before Citizens United (2010) or Buckley v. Valeo (1976) or even before the Santa Clara Railroad (1886) non-decision.

I have created a working version of an amendment consisting of, for now, seven paragraphs that attempts to deal with these issues. I would welcome constructive comments. If anyone would like a copy, please click on my avator/photo and request it. I will happily send it along.
 

Henriette Matthijssen (154)
Thursday December 1, 2011, 12:23 pm
Good that more articles are popping up exposing this fraud to the world & many are starting to see how lies & deceptions have worked so well for so few! More are seeing the bigger picture as OWS movement is taking place. Power to the people as we will win, evil will fail! Thanks Vance for posting.
 

Vallee R (280)
Thursday December 1, 2011, 12:42 pm
Great article -but as someone else wrote - not surprising - just pray OWS can expand to point of taking over the bast**ds
 

Kit B (276)
Thursday December 1, 2011, 1:11 pm

Keep sending this article around to friends, many have no idea this corruption runs so deep. And Norm, as always - an excellent comment, but of course I am out of stars to send.
 

pam w (139)
Thursday December 1, 2011, 1:24 pm
Thanks, Kit!
 

Yvonne White (229)
Thursday December 1, 2011, 1:28 pm
CONgre$$ never asks questions, unless they think they're not getting enough kickbacks..;) Hmm, I wonder where you apply to be a Shadow Government employee.. I bet the benefit packages are Much better than the usual civil servant's.. but I'm betting they don't allow Union organizing.. *sigh* plus, I don't even know how to Tweet: " •While Henry Paulson (Bush’s Secretary of the Treasury) was informing Congress and the public that only minor reforms were needed to protect Fannie and Freddie from collapse, he met secretly with leading Wall Street hedge fund managers -- among them his former colleagues at Goldman Sachs -- to alert them that he was about to nationalize the giant mortgage companies – a move that would eradicate nearly all the stock value of the companies. This information was enormously valuable because it allowed these hedge funds to short Fannie and Freddie and thereby make a fortune."
 

Yvonne White (229)
Thursday December 1, 2011, 1:30 pm
Now that at least Some of this Criminal Cativity has been brought to light - where are the Arrests????
 

liz c (827)
Thursday December 1, 2011, 1:33 pm
noted and shared. Thank you.
 

patricia lasek (317)
Thursday December 1, 2011, 2:10 pm
I agree Yvonne. Why hasn't anyone been arrested yet?
 

David C (75)
Thursday December 1, 2011, 2:39 pm
not surprised...we're a country of corporations and wealth have multilple votes and more power and "We the People" don't count unless we are rich and CEOs......
 

Past Member (0)
Thursday December 1, 2011, 3:12 pm
There is an organization, not believed to be real, to which the billionaires belong.

They hold control. Elections are for the entertainment of the masses.

The secret power, shielded from the knowledge of the masses is not of this world and yet the whole world lieth in the lap of the wicked one.

One of their greatest concerns is overpopulation.

This power, though it thinks itself so, is not omnipotent even though they fully train
and employ their people in the psychic powers.

There is a power higher than the psychic that resides in each one of us.

 

Helen K (36)
Thursday December 1, 2011, 3:31 pm
Thanks Vance, all very depressing and leaves one feeling even more hopeless - if that is possible.
 

Michael Carney (217)
Thursday December 1, 2011, 6:04 pm
Nothing they do, or are responsible for, shocks or surprises me anymore...Everyone of them belongs in jail for the rest of their disgusting lives...
 

Jae A (316)
Thursday December 1, 2011, 6:55 pm
OUr political system does show, beyond a doubt in my mind, that 'crime does pay'...and far far better for them than it does for the average 'at large' criminals.
 

Past Member (0)
Thursday December 1, 2011, 8:10 pm
This article is right on the money. What bothers me, as noted in the article, is that there is a perception that "Wall Street bankers and hedge fund managers are enormously smarter and sharper than the rest of us. They deserve our admiration." In reality, they are just better conmen/women without a conscience who really don't care about the clients they allegedly represent and the stability of the market.
 

William K (308)
Thursday December 1, 2011, 8:38 pm
These crooks run free and are getting a pass to keep committing their crimes while the rest of us get pepper sprayed for pointing their behavior out.
 

Glenn Byrnes (197)
Thursday December 1, 2011, 8:38 pm
I have a petition on Care2 that asks the government to limit each American's personal weath to two billion dollars and each corporation's assets to ten billion with anything they make beyond that going to taxes and charity. Please sign it. Thank you.
 

Quanta Kiran (67)
Thursday December 1, 2011, 9:25 pm
Noted.
 

KS Goh (0)
Friday December 2, 2011, 12:53 am
Thanks for the article.
 

Kristen H (25)
Friday December 2, 2011, 5:15 am
They have us by the balls... or do they?
 

nancy B (16)
Friday December 2, 2011, 8:45 am
What is opposite of progress? CONgress!!!!
 

Arielle S (313)
Friday December 2, 2011, 9:46 am
Harry's Law (such a wonderfully aware TV program!) would call this "Outrageous Government Conduct" - how about a class action suit against Congress?
 

Bob P (394)
Friday December 2, 2011, 10:26 am
thanks for the info
 

Phil R (29)
Sunday December 4, 2011, 5:01 pm
I can't say this surprises me. This condition has been endemic in governments since the first city states of Mesopotamia. Money (or wealth) has always meant power.
The difference in modern Democratic Republics is that the masses get to vote....so in that respect, we have an advantage. The problem is that many politicians are confident that they will be re-elected no matter how they rip off their constituents. Those that do not represent us as we wish should be gone at the next election cycle. The thing is that we need to understand what it is that benefits us. Will tax breaks for the rich and large corporations help the middle class or the economy? It never has in the past. I suspect it won't do much good in the future.

Large corporations ARE necessary to maintain a modern economy. .....so i don't think we should hobble our banks and industries unnecessarily. Perhaps the bailout was necessary, but now that these corporations have had the benefit of a second chance (some even a third chance) they should be repaying the debt they owe the American people by helping us out of this recession. This might involve hiring more US employees at a good living wage and helping add to tax revenues by repatriating money earned in foreign countries.
We came to their rescue when they needed us....a little loyalty and reciprocity on their part would be nice.
I think the thing that PO'd me the most was watching Wall Street types drinking Champagne and laughing while jobless people demonstrated below them.
 

Joanne M (22)
Monday December 5, 2011, 6:23 am
This does not surprise me.
 

P A (117)
Monday December 5, 2011, 10:05 pm
They gave HOW MUCH to the banks etc in the end??? 'Power corrupts and absolute power corrupts absolutely' - rarely more apt. They are going to have to build extensions onto Hell for this ghastly bunch!
 

Mary T (178)
Friday December 9, 2011, 1:22 pm
Thanks Vance, Nothing surprises me anymore about our government and all their greedy crooked ways.
 

Penelope Ryan (178)
Friday December 9, 2011, 2:51 pm
The way things are and the fact that the power is in the hands of the worst liars and the most selfish bunch of rich politicians and their 1% croonies; I am not sure this country can be saved. I hope it can but the corruption and the correlation of the rich getting all the benefits including , if the republicans have their way, helathcare, rivals the fall of Rome....
 

Jim Phillips (3247)
Friday December 9, 2011, 3:30 pm
How many beds in prison are available for those guys who caused the 
Disastrous financial fallout that was felt around the world... 

Wish Obama would get rid of Summers, Geithner and Bernanke...

Ty, Vance.
.
 

Susanne R (236)
Friday December 9, 2011, 10:47 pm
Gordon Gekko (Greed is good!) is alive and well and more influential and powerful than ever!

I agree with the author: "Occupy Wall Street is fundamentally correct, but we need more. The occupiers dramatically attacked Wall Street elites and captured the country’s imagination with their 1 percent, 99 percent framework. And the idea is sticking and spreading. But that’s only the start. To reclaim our country from Wall Street’s secret government we will need to develop an enormous movement among the 99 percent."
 

Chien Chao (105)
Saturday December 10, 2011, 9:35 am
thank you
 
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