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I wish to thank those of you who come to this site even though I have been absent for quite some time. This site has a very important purpose. There is much to say and much to hear from all of you.

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April 19, 2010

Barack Obama Show The American People The AIG Emails

A Patriot's Day Call To Arms

Submitted by Dylan Ratigan
This letter is a call to (electronic) arms on Patriots' Day.
Mr. President, please show the American people the AIG emails.
In the wake of the disclosures associated with Friday's government fraud accusations against Goldman, Sachs & Co., one of our nation's wealthiest, largest and most politically well-connected banks, it is inexcusable the U.S. government still refuses to release the thousands of emails that exist between AIG and Goldman Sachs.
Unlike the Icelandic volcano, this was no natural disaster. Trillions of dollars have been defrauded from the U.S. taxpayer by a banking scam run by the top 1% of our country.
The mark for this con game has been and continues to be every teacher, cop, firefighter, nurse, conservative saver, small investor, student and retiree. People whose pensions, homes, jobs and monthly retirement stipends have been and continue to be deprived -- so these people can use our government to transfer money from your work to themselves.
We also know that the same people responsible for this failed system are STILL RUNNING IT, leaving obvious conflicts of interest everywhere you turn.
But the American people still have one tremendous ally in not letting them get away with the fraud -- a SEC law that forces these companies to keep records of all of their communications coupled with the most sophisticated, extraordinary ability to use 21st century technology to quickly harvest relevant information out of billions of pieces of data.
And even by barely scratching the surface, this is what we already find:
A Goldman Sachs vice president accused of fraud, writing "more and more leverage in the system, The whole building is about to collapse anytime now..."
An S&P ratings agent saying "Let's hope we are all wealthy and retired by the time this house of cards falters."
Our government is in a position to grant access to a vast pool of information that could answer so many questions about why all our money was taken. But flush with money from these potentially fraudulent institutions, politicians have systematically gutted the very people charged with investigating these crimes.
As a final insult, they provide 23.7 trillion in direct and implied support for these bankers to keep bonusing themselves billions, yet offer a paltry 0.0000003% of that amount to investigate how this incredibly un-American event happened in the first place.
To add insult to injury, we the people now OWN the company at the center of much of the alleged fraud. Currently, you, the U.S. taxpayer, own 80 percent of AIG and there are now 5 people who represent us as trustees at the company.
Please Mr. President,
Show the American people the AIG emails. Many are suffering, our young are without work, our middle class is stuck in houses they can't sell, making it impossible to move to new jobs for the future of our country, and our retirees who, at their most vulnerable, find the custodians of their life savings as either crooks or suckers for the bankster scams.
As our president, you are in charge of AIG. That means that without even a court order, the American people can see every email and it is long past due for you to release those 10 years of AIG emails to the people.
Today, in honor of our ongoing fight against tyranny, let's send a plea to all our elected officials, Treasury Secretary and president to fulfill their custodial obligation to those they represent and show the American people the AIG emails.
And just to prove a point, look into your old email files and find some innocuous email from the past 10 years to attach to the bottom... perhaps if we show them ours, they will show us theirs.
Here is how to do it:
Your Representative http://www.house.gov/
Your Senator http://www.senate.gov/general/contact_information/senators_cfm.cfm
Treasury Secretary Timothy Geithner
President Barack Obama

3 comments:

  1. Has SEC COO And Former Goldman Employee Adam Storch Recused Himself From The Investigation?

    http://tinyurl.com/y4hag69

    ReplyDelete
  2. Alleged Goldman Sachs fraud



    April 19, 2010

    Amanda Lang and Kevin O'Leary talk with Janet Tavakoli, president of Tavakoli Structured Finance, on the SEC's civil case against Goldman Sachs

    http://tinyurl.com/y23x7oq

    ReplyDelete
  3. Bill Black’s eye-popping statement at House FinServ hearing on Lehman


    BILL BLACK: Members of the Committee, thank you.

    You asked earlier for a stern regulator, you have one now in front of you. And we need to be blunt. You haven’t heard much bluntness in hours of testimony.

    We stopped a nonprime crisis before it became a crisis in 1991 by supervisory actions.

    We did it so effectively that people forgot that it even existed, even though it caused several hundred million dollars of losses — but none to the taxpayer. We did it by preemptive litigation, and by supervision. We broke a raging epidemic of accounting control fraud without new legislation in the period of 1984 through 1986.

    Legislation would’ve been helpful, we sought legislation, but we didn’t get it. And we were able to stop that because we didn’t simply consider business as usual.


    Lehman’s failure is a story in large part of fraud. And it is fraud that begins at the absolute latest in 2001, and that is with their subprime and liars’ loan operations.

    They could’ve stopped Aurora. They could’ve stopped the subprime unit of Lehman that was really a liar’s loan place as well as time went by.



    http://tinyurl.com/y7zjzbl

    ReplyDelete