Glenn Greenwald POPPED Tim Geithner in the chops, way before it was cool.

[Octafish]

The events preceding Goldman Sachs’ new “blowout profits”

In May, a former top IMF official noted: "the finance industry has effectively captured our government.

BY GLENN GREENWALD
Salon.com MONDAY, JUL 13, 2009

Remember all of this — the $700 billion bank bailout, the AIG scandal, dark and scary threats of imminent global meltdown if there wasn’t full-scale capitulation by the citizenry to the immense transfer of public wealth to the private investment banking sector? Such distant, hazy memories: so many exciting celebrity deaths and riveting celebrity resignations ago. If sequences of events like these don’t cause mass citizen outrage, then it’s hard to imagine what will:

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Robert Reich, March 18, 2009:

We’ve also learned that much of the 170 billion has been used by AIG to pay off AIG’s putative obligations to other Wall Street banks such as Goldman Sachs. Goldman has maintained that it got no bailout money from the Treasury. But in fact it received some $13 billion through AIG. More troubling is that the original plan to bail out AIG was concocted at a meeting held last fall, run by then Treasury Secretary Hank Paulson who, before becoming Teasury Secretary, had been CEO of Goldman Sachs. Also attending the meeting was Lloyd Blankenfein, the current CEO of Goldman Sachs. Also at the meeting: Tim Geithner, then head of the New York Fed.

Tom Edsall, The Huffington Post, April 2, 2009:

Decisions made during the final months of the Bush administration created an environment in which the most politically connected investment banks, Goldman Sachs and Morgan Stanley, not only flourished, but saw their competitors laid waste, with firms like Lehman in bankruptcy, and others, like Merrill Lynch and Bank of America, forced to merge in desperate hope of surviving.

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Former IMF Chief Economist and current MIT Professor Simon Johnson, The Atlantic, May 2009:

THE ATLANTIC: The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government — a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. . . . .

JOHNSON: Squeezing the oligarchs, though, is seldom the strategy of choice among emerging-market governments. Quite the contrary: at the outset of the crisis, the oligarchs are usually among the first to get extra help from the government, such as preferential access to foreign currency, or maybe a nice tax break, or—here’s a classic Kremlin bailout technique — the assumption of private debt obligations by the government. Under duress, generosity toward old friends takes many innovative forms. Meanwhile, needing to squeeze someone, most emerging-market governments look first to ordinary working folk — at least until the riots grow too large. . . .

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http://www.salon.com/2009/07/13/goldman/

It's not just Snowden and illegal NSA spying, Big Money hates Greenwald for telling the truth about how the rich get richer and the 99-percent are used to foam the runway for the Banksters, thanks to Wall Street's toadies in Washington.