The auto industry was not saved. It went through an organized bankruptcy scripted by the Obama Admin to favor Democrat unions. Basically, they ignored 240 years of contract law to supersede the claims of senior debt holders to keep the union pensions intact. Very illegal, and the long-term impacts of breaking that trust are just starting to be felt.
Enron was a DS operation, with fake convictions that were all overturned......but after they'd ruined 1000's of jobs and taken down a Big 5 accounting firm (Arthur Anderson). The attorney who did that? Andy Weissman (Muellers Pit Bull).
Lehman didn't go broke so much as they had their access to capital cut off to partition them away from the rest of the financial system. ALL banks are broke in that context, as none can survive a capital call. Lehman just got picked to be the fall guy.
Citi has now been bailed out by the US gov't 6 times in a little over a century. I know; I used to work for them.
What I'm saying is Obama made a deal with the banks. They've been working together ever since, and you're seeing the results with these woke corporations today.
I was on the asset management side at Citi. I probably shouldn't say much more than that. I left when I figured out how corrupt the system really is.
When I got into the business, there was a barrier between the Wall Street Banks and DC. It was frowned upon for the government to get involved in the private sector. That changed very quickly in 2008 when the Banks had to go to Congress hat-in-hand to remain solvent.
Now the two work hand in hand, as the politicians ensure massive liquidity is in the system so the Banks can continue their usurious ways and make sure no banker ever goes to jail. When they do catch someone, they end up negotiating a settlement that comes out of shareholders pockets and ends up in the pockets of politically favored NGO's or other connected entities.
So what do the politicians get? The usual grift, but there was much more.
Obama got elected as a huge influx of campaign contributions showed up that weekend and a ton of favorable coverage and polls appeared to sway public opinion.
Beyond that, this ushered in the age of the richest corporations working hand-in-hand with the White House to enact their social and economic goals they now had in common. All Obama had to do was convince them that he wasn't a radical socialist who would actually threaten their existence and was instead very much for sale to the highest bidder.
Obama promised no real regulation and in return worked in partnership with the richest corporations in the world to destroy his political opponents.
Since then, wealth accumulation was concentrated in the top 1% at the expense of everyone else. It was only under Trump where the middle class started to stage a comeback, and that just couldn't be allowed.
This was always about naked power and greed, and the corruption became institutionalized; that's the moral hazard we warned about.
I see. I understand. What are you doing now, investigative journalism or becoming an IT-Expert?
Thanks for the wonderful explanation. It amazes me the lack of character, morals, ethics and principles that exist, even with a man like Obama.
You know, how the top brass in the military, courts and media can be this corrupt.
So, what is their social and economic goals, Nazism/Fascism? I know Reagan warned us about it in a 1975 in 60 Minutes interview, under the title of "If Fascism ever comes to America, it will come under the umbrella of Liberalism".
I manage money for a handful of people and dabble some in consulting for startups, but I'd much rather just be teaching scuba diving.
I think maybe the reason we have so much corruption at the top of society these days is due to the perverse incentives. When hiring a CEO, the one who is best for your stock price is the one who knows how best to spend money lobbying for political carve-outs. Same concept applies across government and military. It's long been an issue, but the Obama admin put this into overdrive.
For many of these people, it's just all about power, wealth, and prestige. There is no higher purpose.
The bigger question is whether there are others orchestrating this who do have a very specific purpose that does not have the greater welfare of people as a priority. I suggest there are, and they've been at this for a long time.
The auto industry was not saved. It went through an organized bankruptcy scripted by the Obama Admin to favor Democrat unions. Basically, they ignored 240 years of contract law to supersede the claims of senior debt holders to keep the union pensions intact. Very illegal, and the long-term impacts of breaking that trust are just starting to be felt.
Enron was a DS operation, with fake convictions that were all overturned......but after they'd ruined 1000's of jobs and taken down a Big 5 accounting firm (Arthur Anderson). The attorney who did that? Andy Weissman (Muellers Pit Bull).
Lehman didn't go broke so much as they had their access to capital cut off to partition them away from the rest of the financial system. ALL banks are broke in that context, as none can survive a capital call. Lehman just got picked to be the fall guy.
Citi has now been bailed out by the US gov't 6 times in a little over a century. I know; I used to work for them.
What I'm saying is Obama made a deal with the banks. They've been working together ever since, and you're seeing the results with these woke corporations today.
Interesting. You worked for CITI Group you say ... in what position? Were you a senior investment banker?
So, what is the "deal" Obama and the banks made, and what is the eventual result it leads to?
Also, I know about the corruption of the DOJ from Sydney Powell's testimony and interviews.
I was on the asset management side at Citi. I probably shouldn't say much more than that. I left when I figured out how corrupt the system really is.
When I got into the business, there was a barrier between the Wall Street Banks and DC. It was frowned upon for the government to get involved in the private sector. That changed very quickly in 2008 when the Banks had to go to Congress hat-in-hand to remain solvent.
Now the two work hand in hand, as the politicians ensure massive liquidity is in the system so the Banks can continue their usurious ways and make sure no banker ever goes to jail. When they do catch someone, they end up negotiating a settlement that comes out of shareholders pockets and ends up in the pockets of politically favored NGO's or other connected entities.
So what do the politicians get? The usual grift, but there was much more.
Obama got elected as a huge influx of campaign contributions showed up that weekend and a ton of favorable coverage and polls appeared to sway public opinion.
Beyond that, this ushered in the age of the richest corporations working hand-in-hand with the White House to enact their social and economic goals they now had in common. All Obama had to do was convince them that he wasn't a radical socialist who would actually threaten their existence and was instead very much for sale to the highest bidder.
Obama promised no real regulation and in return worked in partnership with the richest corporations in the world to destroy his political opponents.
Since then, wealth accumulation was concentrated in the top 1% at the expense of everyone else. It was only under Trump where the middle class started to stage a comeback, and that just couldn't be allowed.
This was always about naked power and greed, and the corruption became institutionalized; that's the moral hazard we warned about.
I see. I understand. What are you doing now, investigative journalism or becoming an IT-Expert?
Thanks for the wonderful explanation. It amazes me the lack of character, morals, ethics and principles that exist, even with a man like Obama.
You know, how the top brass in the military, courts and media can be this corrupt.
So, what is their social and economic goals, Nazism/Fascism? I know Reagan warned us about it in a 1975 in 60 Minutes interview, under the title of "If Fascism ever comes to America, it will come under the umbrella of Liberalism".
I manage money for a handful of people and dabble some in consulting for startups, but I'd much rather just be teaching scuba diving.
I think maybe the reason we have so much corruption at the top of society these days is due to the perverse incentives. When hiring a CEO, the one who is best for your stock price is the one who knows how best to spend money lobbying for political carve-outs. Same concept applies across government and military. It's long been an issue, but the Obama admin put this into overdrive.
For many of these people, it's just all about power, wealth, and prestige. There is no higher purpose.
The bigger question is whether there are others orchestrating this who do have a very specific purpose that does not have the greater welfare of people as a priority. I suggest there are, and they've been at this for a long time.