The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
Greenwald: Mass Outrage Over Goldman's "Blowout Profits"
One quote from the article (via Bill Moyers):
BLACK: The Bush administration and now the Obama administration kept secret from us what was being done with AIG. AIG was being used secretly to bail out favored banks like UBS and like Goldman Sachs. Secretary Paulson's firm, that he had come from being CEO. It got the largest amount of money. $12.9 billion. And they didn't want us to know that. And it was only Congressional pressure, and not Congressional pressure, by the way, on Geithner, but Congressional pressure on AIG. Where Congress said, "We will not give you a single penny more unless we know who received the money." And, you know, when he was Treasury Secretary, Paulson created a recommendation group to tell Treasury what they ought to do with AIG. And he put Goldman Sachs on it. MOYERS: Even though Goldman Sachs had a big vested stake. BLACK: Massive stake. And even though he had just been CEO of Goldman Sachs before becoming Treasury Secretary. Now, in most stages in American history, that would be a scandal of such proportions that he wouldn't be allowed in civilized society. MOYERS: Yeah, like a conflict of interest, it seems. BLACK: Massive conflict of interests. MOYERS: So, how did he get away with it? BLACK: I don't know whether we've lost our capability of outrage. Or whether the cover up has been so successful that people just don't have the facts to react to it.
Where Congress said, "We will not give you a single penny more unless we know who received the money." And, you know, when he was Treasury Secretary, Paulson created a recommendation group to tell Treasury what they ought to do with AIG. And he put Goldman Sachs on it. MOYERS: Even though Goldman Sachs had a big vested stake. BLACK: Massive stake. And even though he had just been CEO of Goldman Sachs before becoming Treasury Secretary. Now, in most stages in American history, that would be a scandal of such proportions that he wouldn't be allowed in civilized society. MOYERS: Yeah, like a conflict of interest, it seems. BLACK: Massive conflict of interests. MOYERS: So, how did he get away with it? BLACK: I don't know whether we've lost our capability of outrage. Or whether the cover up has been so successful that people just don't have the facts to react to it.
But...no scandal...so far... "Once in awhile we get shown the light, in the strangest of places, if we look at it right" - Hunter/Garcia
by Frank Schnittger - May 31
by Oui - May 30 25 comments
by Frank Schnittger - May 23 3 comments
by Frank Schnittger - May 27 3 comments
by Frank Schnittger - May 5 22 comments
by Oui - May 13 66 comments
by Oui - Jun 211 comments
by Oui - Jun 17 comments
by Oui - May 3130 comments
by Oui - May 3025 comments
by Frank Schnittger - May 273 comments
by Oui - May 2733 comments
by Oui - May 24
by Frank Schnittger - May 233 comments
by Oui - May 1366 comments
by Oui - May 913 comments
by Frank Schnittger - May 522 comments
by Oui - May 450 comments
by Oui - May 312 comments
by Oui - Apr 30273 comments
by Oui - Apr 2652 comments
by Oui - Apr 891 comments
by Oui - Mar 19144 comments