Comments on: The Pecora Committee in Context: Mythbusting

By: goldstandard

goldstandard — Sat, 02 May 2009 20:39:22 +0000

Place the new Pecora investigation in the peoples house and place Alan Grayson in charge, He seems to be one of the few standouts that has the balls to make these people squirm.

By: Styve

Styve — Sat, 02 May 2009 19:10:37 +0000

Thanks for the great post, and I look forward to reading the other installment!

A la Spitzer’s being taken out for his audacious effort to expose AIG and the predatory lending scandal, keep an eye out for A. Cuomo to be “swimming with the fishes” for his recent forays into the medicaid and pension fraud scandals.

http://www.oag.state.ny.us/med.....9a_09.html

http://www.bloomberg.com/apps/.....refer=home

By: Kathryn in MA

Kathryn in MA — Sat, 02 May 2009 19:04:27 +0000

Fascinating! God, yes, let’s have a Pecora commission.

By: T-Bear

T-Bear — Sat, 02 May 2009 19:02:16 +0000

drive-by

The term is: MORTGAGE EASEMENT

cram the CRAM-DOWN to where the sun don’t shine up some banksters backside.

away

By: John Anderson

John Anderson — Sat, 02 May 2009 18:58:46 +0000

She is, in fact, superb. A real American hero.

By: scribe

scribe — Sat, 02 May 2009 18:23:16 +0000

Is it known how much of Roosevelt’s rebuff to Lamont and the House of Morgan led, directly or indirectly, to the so-called Businessmen’s Plot of 1934-ish vintage, to take over the WH using the Bonus Army as its muscle?

Also, it’s said that Roosevelt twisted Joe Kennedy’s arm with the threat of prosecution (for insider trading or otherwise, relative to his stock dealings) into coming out publicly in favor of the Exchange Acts (’33, ‘34) and that he later sweetened the deal (also getting him out of town) by sending him to London as Ambassador. Care to comment?

By: bobschacht

bobschacht — Sat, 02 May 2009 18:16:16 +0000

While we’re Waiting for Pecora, Why not cast a spotlight on Elizabeth Warren’s TARP Oversight committee? Can they hold public hearings, and get CSPAN to cover them? Warren is a sharp cookie, and she deserves a bigger platform.

Bob in HI

By: John Anderson

John Anderson — Sat, 02 May 2009 18:09:16 +0000

I’ll come back to this issue in my next post. In fact, I invite the Pups to offer their opinions on it now in advance.
And you can also go to the Moyers Journal site and weigh in on this there as well.

I had hoped to be with you Pups for another half hour or more but the familial “stuff” has come up!

Keep up the conversation. When I get back in 30-45 mins, I’ll check in on the flow.

By: John Anderson

John Anderson — Sat, 02 May 2009 18:03:02 +0000

Yes.

Boring old Glass-Steagall only gave us, oh, you know, a half century of financial peace of mind.

When I wrote Follow the Money, my book about Tom DeLay and the Abramoff scandals, one of the stories that most struck me was the tale of a little known Midwestern utility company, Westar, whose management was keen to turn it into “The Enron of the Midwest.” They damn near did, and their timing could not have been worse since it happened just as the original Enron was beginning to tank.

In trying to take this traditional old, money-making utility and turn it into a juiced-up Wall Street favorite, management found itself enmeshed in the world of K Street in the Age of DeLay. It also found its stock in free–fall. The truly screwed-up story of Westar was Enron in miniature–but in some ways the story of the banks too. This is what happens when you remove the regulatory framework that not only protects the public–but protects the company as well.

By: IowaCitySteve

IowaCitySteve — Sat, 02 May 2009 18:02:30 +0000

And now you know why Eliot Spitzer HAD to be destroyed. Unfortunatly he made it too easy.