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Octafish

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Gender: Male
Member since: 2003 before July 6th
Number of posts: 55,738

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''Dollar Phil'' Gramm and Bill Clinton work in UBS Wealth Management



President Clinton signed the Gramm-Leach-Bliley Act in November 1999. Senator Gramm, (third or so) from left, proudly declared it “a deregulatory bill,” and added, “We have learned government is not the answer.”

http://www.nytimes.com/2008/11/17/business/economy/17gramm.html?_r=0


Don't recognize a lot of the others there...

Dollar Bill Phil" Gramm, The senator who's raising bundles of cash from Wall Street in his bid to be the Republican presidential nominee, likes to tell audiences how tough he is on those who commit "crime in the streets." But when it comes to "crime in the suites," ol' Phil turns into a bleeding heart, knee-jerk defender of corporate muggers.

-- Jim Hightower in 2000

http://www.alternet.org/story/8198/hightower%3A_dollar_bill_phil_gramm


Phil and Bill now work in Wealth Managenent at UBS.

After his exit from the US Senate, Phil Gramm found a job at Swiss bank UBS as vice chairman. He later brought in former President Bill Clinton to the Wealth Management team. What a coincidence, they are the two key figures in repealing Glass-Steagal. Since the New Deal it was the financial regulation that protected the US taxpayer from the Wall Street casino. Oh well, what are a few hundred million in speaking fees compared to a $16 trillion bailout among friends?




It's a Buy-Partisan Who's Who:

President William J. Clinton
President George W. Bush Heh heh heh.
Robert J. McCann
James Carville
John V. Miller
Paula D. Polito
Anthony Roth
Mike Ryan
John Savercool

SOURCE: http://financialservicesinc.ubs.com/revitalizingamerica/SenatorPhilGramm.html

Why DUers and ALL voters should care about Phil Gramm.

Where they came up with such a thing, the Dry Run for Bank Deregulation: S&L Deregulation in the 1980s.

Know your BFEE: They Looted Your Nation’s S&Ls for Power and Profit

Who Repealed the Glass-Steagall Act?

'Dollar Phil Gramm' and Bill Clinton @ UBS

Dollar Bill Phil" Gramm, The senator who's raising bundles of cash from Wall Street in his bid to be the Republican presidential nominee, likes to tell audiences how tough he is on those who commit "crime in the streets." But when it comes to "crime in the suites," ol' Phil turns into a bleeding heart, knee-jerk defender of corporate muggers.

-- Jim Hightower in 2000

http://www.alternet.org/story/8198/hightower%3A_dollar_bill_phil_gramm

ETA: Phil and Bill now work in Wealth Managenent at UBS.

After his exit from the US Senate, Phil Gramm found a job at Swiss bank UBS as vice chairman. He later brought in former President Bill Clinton to the Wealth Management team. What a coincidence, they are the two key figures in repealing Glass-Steagal. Since the New Deal it was the financial regulation that protected the US taxpayer from the Wall Street casino. Oh well, what are a few hundred million in speaking fees compared to a $16 trillion bailout among friends?



It's a Buy-Partisan Who's Who:

President William J. Clinton
President George W. Bush Heh heh heh.
Robert J. McCann
James Carville
John V. Miller
Paula D. Polito
Anthony Roth
Mike Ryan
John Savercool

SOURCE: http://financialservicesinc.ubs.com/revitalizingamerica/SenatorPhilGramm.html

Some of why DUers and ALL voters should care about Phil Gramm.

Until Panama Papers, the nation's "news media" pretty much never talked about offshoring. Now, perhaps, they'll get to Phil Gramm and Co's work in "Wealth Management" via the offshoring story. After all, what better way to protect your wealth by hiding it where no one knows you have it, let alone can find it?

PR bailout plan will pay Wall Street and make Puerto Rico live in utter austerity.

Sotomayor and Ginsburg opposed the corporate welfare plan; Ms. Kagan joined with Roberts etc. in the ruling which says the Commonwealth can't restructure its debt.

http://thehill.com/regulation/court-battles/283249-supreme-court-puerto-rico-cant-restructure-debt

That's what Phil Gramm says, too.

So I'll go with James Rickards:



Repeal of Glass-Steagall Caused the Financial Crisis

The repeal of the law separating commercial and investment banking caused the 2008 financial crisis.


By James Rickards | Contributor Aug. 27, 2012

The oldest propaganda technique is to repeat a lie emphatically and often until it is taken for the truth. Something like this is going on now with regard to banks and the financial crisis. The big bank boosters and analysts who should know better are repeating the falsehood that repeal of Glass-Steagall had nothing to do with the Panic of 2008.

In fact, the financial crisis might not have happened at all but for the 1999 repeal of the Glass-Steagall law that separated commercial and investment banking for seven decades. If there is any hope of avoiding another meltdown, it's critical to understand why Glass-Steagall repeal helped to cause the crisis. Without a return to something like Glass-Steagall, another greater catastrophe is just a matter of time.

History is a good place to begin. After the Depression of 1920-21, the United States embarked on a period of economic prosperity known as the Roaring Twenties. It was a time of innovation, especially in consumer goods such as automobiles, radio, and refrigeration. Along with these goods came new forms of consumer credit and bank expansion. National City Bank (forerunner of today's Citibank) and Chase Bank opened offices to sell securities side-by-side with traditional banking products like deposits and loans.

As the decade progressed, the stock market boomed and eventually reached bubble territory. Along with the bubble came market manipulation in the form of organized pools that would ramp up the price of stocks and dump them on unsuspecting suckers just before the stock collapsed. Banks joined in by offering stocks of holding companies that were leveraged pyramid schemes and other securities backed by dubious assets.

In 1929, the music stopped, the stock market crashed and the Great Depression began. It took eight years from the start of the boom to the bust. Subsequent investigations revealed the extent of the fraud that preceded the crash. In 1933, Congress passed Glass-Steagall in response to the abuses. Banks would be allowed to take deposits and make loans. Brokers would be allowed to underwrite and sell securities. But no firm could do both due to conflicts of interest and risks to insured deposits. From 1933 to 1999, there were very few large bank failures and no financial panics comparable to the Panic of 2008. The law worked exactly as intended.

In 1999, Democrats led by President Bill Clinton and Republicans led by Sen. Phil Gramm joined forces to repeal Glass-Steagall at the behest of the big banks. What happened over the next eight years was an almost exact replay of the Roaring Twenties. Once again, banks originated fraudulent loans and once again they sold them to their customers in the form of securities. The bubble peaked in 2007 and collapsed in 2008. The hard-earned knowledge of 1933 had been lost in the arrogance of 1999.

CONTINUED...

http://www.usnews.com/opinion/blogs/economic-intelligence/2012/08/27/repeal-of-glass-steagall-caused-the-financial-crisis



Seeing how the repeal of Glass Steagall put the US taxpayer on the hook for the Wall Street casino, I can understand why a Hillary supporter would side with Bill.

FTR: Here's what I wrote in February 28, 2008 regarding the S&L crisis, a dress-rehearsal for what was to come with the banks:

Know your BFEE: They Looted Your Nation’s S&Ls for Power and Profit

Then, after the Bankstershitstorm in September 21, 2008, I asked them who stole it to put it back:

Know your BFEE: Phil Gramm, the Meyer Lansky of the War Party, Set-Up the Biggest Bank Heist Ever.

Who's lying, anigbrowl? You wrote Bush really meant something other than making money off war...

...or me, who pointed out how he, his father, and his grandfather were warmongers?

Know your BFEE: Merchants of Death

You know who is the liar, anigbrowl.

Walmart, for Victory!



WHY CLINTON AND (JEBTHRO) BUSH ARE NOW IN THE POCKETS OF WALMART, CHEVRON AND GOLDMAN SACHS

FRI, 7/17/2015 - BY PAUL LEWIS AND WILL TUCKER
THIS ARTICLE ORIGINALLY APPEARED ON THE GUARDIAN (Link below)

EXCERPT...

Disclosures to the Federal Election Commission reveal how lobbyists for Walmart, Chevron, Facebook and Goldman Sachs have been acting as fundraising captains for Clinton and Bush, bundling donations to channel to the two frontrunners.

CONTINUED...



Clinton and Bush campaign war chests filled with help of corporate lobbyists

Analysis of FEC documents reveal scale of donations from lobbyists including Walmart and Goldman Sachs, which could pay dividends after the election

FTNTTC: Walmart is where Big Money is. Its example precisely shows the concentration of capital over the past 36 years. While Walmart isn't the only corporation in the article and links, its example tells the story of government since Reagan and Trickle Down Voodoo Economics, where policies in Washington benefit the rich over everyone else, including the capital created by the labor of the many flooding into the pockets of the few at the top. They use small fractions of pennies on the dollar to buy the influence needed to keep it that way.

Except there was an intent to cover it up.

Hiding something from the Inspector General is a crime, isn't it?

One of the staffers told IG investigators that it was made clear that "the matter was not to be discussed any further," according to the report. The other employee said staffers were told "never to speak of the Secretary's personal email system again," it says.

http://www.nbcnews.com/news/us-news/what-state-department-email-report-means-hillary-clinton-n580516


Perhaps not, as there was no Inspector General at State during Clinton's term.

That is one goal, certainly. I'd also like to defeat Republicanism.

The part that uses humanity as cannon fodder, especially.



9 Shameless Warmongers Who Call Fox News Home

By , Media Matters for America
Posted on September 5, 2010, Printed on September 6, 2010
http://www.alternet.org/story/148086 /

1. Karl Rove...

White House Iraq Group was formed to “set strategy” for going to war with Iraq.


The Washington Post reported in 2003 (accessed via Nexis) that the White House Iraq Group (WHIG) was formed in August 2002 “to set strategy for each stage of the confrontation with Baghdad. A senior official who participated in its work called it ‘an internal working group, like many formed for priority issues, to make sure each part of the White House was fulfilling its responsibilities.’ ” Part of the WHIG’s mission, according to the Post, was to decide “what to demand of the United Nations in the president’s Sept. 12 <2002> address to the General Assembly, when to take the issue to Congress, and how to frame the conflict with Iraq in the midterm election campaign that began in earnest after Labor Day.” Rove was a regular participant in this group.

WHIG promoted view that Saddam “had weapons of mass destruction and was seeking more.” The Los Angeles Times reported on August 25, 2005, (accessed via Nexis) that the WHIG “promoted the view that Hussein had weapons of mass destruction and was seeking more”

SNIP...

4. Bill Kristol

Kristol: “American and alliance forces will be welcomed in Baghdad as liberators.”


In testimony delivered February 7, 2002, before the Senate Committee on Foreign Relations, Kristol said:

(A)s in Kabul but also as in the Kurdish and Shi’ite regions of Iraq in 1991, America and alliance forces will be welcomed in Baghdad as liberators. Indeed, reconstructing Iraq may prove to be a less difficult task than the challenge of building a viable state in Afghanistan.

The political, strategic and moral rewards would also be even greater. A friendly, free, and oil-producing Iraq would leave Iran isolated and Syria cowed; the Palestinians more willing to negotiate seriously with Israel; and Saudi Arabia with less leverage over policymakers here and in Europe. Removing Saddam Hussein and his henchmen from power presents a genuine opportunity — one President Bush sees clearly — to transform the political landscape of the Middle East.


CONTINUED with details on each warmonger...

http://www.alternet.org/story/148086/9_shameless_warmongers_who_call_fox_news_home



Welcome to DU, lapucelle! You may note I don't like Buy Partisan warmongering, especially.



Oh. Kristol's partner in War Inc, Robert Kagan, endorsed Ms. Clinton recently.

It must be a family thing, laughing at others' deaths.

Like Poppy Bush laughing during Gerald Ford's eulogy upon mention of a "deluded gunman."

It was a telling moment:



Poppy Bush brought up JFK Assassination and ''Conspiracy Theorists'' at Ford Funeral

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=364x3029417

Poppy smirks or laughs or grins at the moment he says "deluded gunman" near the 1:09 mark:





George H.W. Bush’s Eulogy for Gerald R. Ford

The New York Times
Published: January 2, 2007

Following is the transcript of the eulogy for former President Gerald R. Ford delivered today by former President George H.W. Bush in Washington, as recorded by The New York Times.

EXCERPT…

After a deluded gunman assassinated President Kennedy, our nation turned to Gerald Ford and a select handful of others to make sense of that madness. And the conspiracy theorists can say what they will, but the Warren Commission report will always have the final definitive say on this tragic matter. Why? Because Jerry Ford put his name on it and Jerry Ford’s word was always good.

A decade later, when scandal forced a vice president from office, President Nixon turned to the minority leader in the House to stabilize his administration because of Jerry Ford’s sterling reputation for integrity within the Congress. To political ally and adversary alike, Jerry Ford’s word was always good.

SOURCE:

http://www.nytimes.com/2007/01/02/washington/02cnd-ford-ghwb.html



PS: Of course, to Gerald Ford Warren Commission skeptics presented "no problem."

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x3772251

PPS: What's even more telling is how there are still people interested in scrubbing the assassination record of any reference to Poppy.

PPPS: For those interested, background...

Know your BFEE: Poppy Bush was in Dallas the day JFK was assassinated.

C-SPAN has the film, too: http://www.c-span.org/video/?c4479286/jfk-assassination-player-george-herbert-walker-bushs-eulogy-snippet-president-fords-funeral-smiles

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