"Barofsky Is Going After Geithner/AIG: Its Never the Crime, Its' the Cover Up"

[WhiskeyGirl]

Again, people, it is not the 'crime' it is the 'cover up' what part of Watergate didn't we get.....or more importantly what part of that doesn't President Obama get?

The real question here is all about 'transparency' in our financial sectors, it is about having the right, in this new and continuing 'Emergency Open Window of the Federal Reserve' along with our Treasury for the first time in the history of our nation to hold a virtual 'Dictatorship' as a partnership with Wall Street/the Banks, that 'we the people' are not allowed to view.  That is what Mr. Barofsky is talking about.  Nothing more, nothing less. 

Do you recall this completely outrageous ruling, that makes Watergate and Nixon's missing 18 minute missing tape seem like a joke?

    In May, the SEC approved a request by AIG to keep secret an exhibit to a year-old regulatory filing that includes some of the details on the most controversial aspect of the AIG bailout: the funneling of tens of billions of dollars to big banks like Societe Generale, Goldman Sachs (GS.N), Deutsche Bank (DBKGn.DE) and Merrill Lynch.

    The SEC's Division of Corporation Finance, in granting AIG's request for confidential treatment, said the "excluded information" will not be made public until Nov. 25, 2018, according to a copy of the agency's May 22 order.  The SEC said the insurer had demonstrated the information in the exhibit, called Schedule A, "qualifies as confidential commercial or financial information."

    By then, Wall Street will have significantly recycled many people (and probably some more firms) and perhaps the American public just won't care about how Tim Geithner helped bail out a gigantic black hole of a firm, upon which so many ostensibly rock solid firms had their foundation.

Read more: http://www.businessinsider.com/...

But Senator Kaufman is exactly right to press for more.  The resolution authority will not end "too big to fail" for large complex cross-border financial institutions.  It simply will not – if you think differently, just go talk to our G20 counterparts, as I have done.  There is no cross-border resolution mechanism, there is no international process to negotiate one, and there is no chance you will see such a process in the next 20 years.  "

http://baselinescenario.com/2010/04/14/senator-kaufman-is-right-senator-mcconnell-is-wrong-any-questions/

In other words, the next time you ever..............and I mean ever get out of your 'home' that has probably lost 30 to 50 percent of it's equity, and the Banks are still not 'Lending' so if you can actually take a job, that you were finally offered in another state..........that you can't move to, because you are 'underwater' and cannot sell your home to get that 'new job' you are shit out of luck...That is a direct result of the 'Greenspan/Bernanke/Wall Street/Banking Paid Off Regulators/Goldman Sachs, JP Morgan, Robert Rubin/Citi-Group f*** THE AMERICAN PEOPLE UP THE ASS, to come in and 'shit where they eat' to sell their own country men/women crap-0-la aramma....that led us here....so they could all cash in on their 'Ann Rand' immoral, yet 'technically legal' activities, that sank and continues to sink our entire world economy that caused a domino effect that they are all now pretending that 'they didn't know would happen' as the run off with billions in their pockets....

So how's THAT WORKING FOR YOU?......and...

remember this.....

The 'Bill' that we are supposedly 'getting' now..........as we all weep in our sleep because the Senate...........may have had to stay overnight on 'cots'......

is nothing more than a bunch of shit.  It changes nothing.

more here - http://www.dailykos.com/storyonly/2010/4/29/861835/-Barofsky-Is-Going-After-Geithner-AIG:-Its-Never-the-Crime,-Its-the-Cover-Up