Comments on: Robbing Us While Paying Out http://grittv.org/2009/05/11/walls-fargo-tarp-bankcruptcy/ Cultivating a Better Conversation Sat, 14 May 2011 01:31:38 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Laura Flanders http://grittv.org/2009/05/11/walls-fargo-tarp-bankcruptcy/comment-page-1/#comment-1740 Laura Flanders Tue, 12 May 2009 13:58:34 +0000 http://www.grittv.org/2009/05/11/we-are-not-all-in-this-together/#comment-1740 <p>Thanks! Talk about credit rating. We rate them high; they rate us low. Going along with it, makes us chumps.</p> Thanks! Talk about credit rating. We rate them high; they rate us low. Going along with it, makes us chumps.

]]> By: Maidhc http://grittv.org/2009/05/11/walls-fargo-tarp-bankcruptcy/comment-page-1/#comment-1739 Maidhc Mon, 11 May 2009 20:19:07 +0000 http://www.grittv.org/2009/05/11/we-are-not-all-in-this-together/#comment-1739 <p>I couldn’t agree with you more. I suggest you take a look at Jeff Gates’ deep <a href="http://criminalstate.com/blog/?p=40" rel="nofollow">analysis</a> of the financial crisis and its implications. In “AIG Made Easy,” the former counsel to the US Senate Finance Committee writes:</p> <p>“To facilitate an American-style “reset,” government debts will be secured by our full faith and credit to help financial sophisticates buy trashy debt securities from A.I.G.’s defrauded clients. That cost will reduce fiscal resources required to address the retirement needs of 78 million Baby Boomers whose pension funds were ravaged by this “Chicago” fraud.</p> <p>“As this cash-for-trash program proceeds, who will emerge as dominant owners of the nation’s distressed financial sector? Answer: the senior partners of hedge funds and private equity funds—who already dominate the Forbes 400 list of richest Americans.”</p> <p>I think he would make a great guest on your show. </p> <p>By the way, I love the show. William Black was great. I was really moved by the performance of Carol Churchill’s play for Gaza, and the interview with Annemarie Jacir and the clips from her film. Can’t wait to see it. And please have the mellifluous Glen Ford on more often too.</p> I couldn’t agree with you more. I suggest you take a look at Jeff Gates’ deep analysis of the financial crisis and its implications. In “AIG Made Easy,” the former counsel to the US Senate Finance Committee writes:

“To facilitate an American-style “reset,” government debts will be secured by our full faith and credit to help financial sophisticates buy trashy debt securities from A.I.G.’s defrauded clients. That cost will reduce fiscal resources required to address the retirement needs of 78 million Baby Boomers whose pension funds were ravaged by this “Chicago” fraud.

“As this cash-for-trash program proceeds, who will emerge as dominant owners of the nation’s distressed financial sector? Answer: the senior partners of hedge funds and private equity funds—who already dominate the Forbes 400 list of richest Americans.”

I think he would make a great guest on your show.

By the way, I love the show. William Black was great. I was really moved by the performance of Carol Churchill’s play for Gaza, and the interview with Annemarie Jacir and the clips from her film. Can’t wait to see it. And please have the mellifluous Glen Ford on more often too.

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