THE BOYS FROM WALL STREET IN THE HOT SEAT AGAIN

Those smart assed titans of Wall Street are back facing the music on Capitol Hill. What truly amazes me about these sociopath scumbags a year down the track is there is no still humility or accepting of any responsibility from these arrogant jerks for the mess we are still in. Worse still is the inaction form the other side to pass any legislation that reigns in their powers so a repeat will of 2008 will never happen again. My conservative opponents will have another laugh on me, when I state the democratic power brokers on the hill has as much of a vested interest in the status quo as the bankers. They made friends with and appointed enemies such as guru Greenspan worshipper and fellow libertarian Tim Geithner.

Of course we are led to believe Geithner is really a very smart bloke who knows what is going on, but something as simple s correctly completing his tax return was beyond his capability. I can never understand the democrats. Even President Clinton when he appointed Robert Rubin as Treasury Secretary (much of the deregulation came under his watch) he went into partnership with the devil. Washington now all but owns Citibank because as Chairman, Rubin went to Vegas with the company, thinking he could put into practice and take advantage of all the rules he created while he was President Clinton’s money man.

Bernanke to me comes across a boring Rabbi and I although he doesn’t speak gobblygook like his predecessor, I still cannot grasp where he fits into the picture apart from setting the interest rate. When it comes to that I am absolutely perplexed why credit card interest rates are now through the roof but Fortune 500 corporations can borrow money at 3%! With Barney Frank and Chris Dodd as the people’s representatives leading the way to make laws so America would never be held to ransom again by Wall Street, I have lost confidence in this administration’s ability to do the right thing by the American people. The posturing and grandstanding that takes place when the bankers are hauled in to answer questions by our elected representatives makes the gathering look like a pantomime with Hollywood writing the script! Nothing is ever going to change.

Tags: Citibank, Geithner, Wall Street