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Octafish

(55,745 posts)
32. Is he a friend of William K. Black, too? He'd make a great AG as he knows what Fraud is.
Sun Feb 7, 2016, 01:53 PM
Feb 2016
Hillary, the Banksters Committed 'Fraud,' Not 'Shenanigans'

William K. Black
Huffington Post, 02/04/2016

Former Secretary of State Hillary Clinton, in her debate with Senator Sanders minutes ago, said that she went to Wall Street and told them to stop their "shenanigans." The context was that she was being asked to respond to the complaint that she was too close to on Wall Street billionaires. She had every incentive, therefore, to demonstrate how tough she would be on Wall Street.

In that context, the best she could muster was the pusillanimous "shenanigans." Here is a typical definition of that word with examples.

1. : a devious trick used especially for an underhand purpose
2. 2a : tricky or questionable practices or conduct --usually used in pluralb : high-spirited or mischievous activity --usually used in plural

Examples of SHENANIGAN
1. students engaging in youthful shenanigans on the last day of school
2. an act of vandalism that went way beyond the usual shenanigans at summer camp


Hillary cannot bring herself to use the "f" word in the context of Wall Street CEOs leading the largest and most destructive fraud epidemics in history - frauds that made them spectacularly wealthy. A few minutes later, Bernie said that "fraud" was Wall Street's business model.

SNIP...

Here is the reaction of another prominent official to the plight of the homeowners:

"Along with innovation came complexity, and complexity is the enemy of transparency. I had high school friends and grade school friends that got put into mortgages by unscrupulous brokers. Some lost their houses, and I spent time with them and looked at what they had been conned into accepting--they didn't understand what they were signing on for. It was despicable."

"Despicable." The person I am quoting is Hank Paulson, former head of Goldman Sachs, and Secretary of the Treasury under President Bush. Paulson is not by nature someone with great sympathy for the poor. Hillary urges us to believe that because she started as a lawyer for an NGO she has established that she is a person of exceptional empathy. But her 2007 speech to Wall Street was a direct test of character that she failed. Hank Paulson, the leader of the "Vampire Squid," won the test of reality and human sympathy and Hillary lost -- and it wasn't close.

Hillary could easily have gotten the issue correct by talking with Miller and Madigan to get the facts. Both AGs are leading endorsers of Hillary's campaign. Hillary did not investigate, she did not even take the step that Hank Paulson did and check with friends with real experience with foreclosures.

Hillary simply believed the banksters' myths about the crisis. She pronounced sentence on the people losing their homes who were the victims of the banksters' frauds. She implicitly cast the banksters as the victims of the homeowners. The best she could muster was to note that the banksters should have vetted the loans more carefully. What courage.

SOURCE: http://www.huffingtonpost.com/william-k-black/hillary-the-banksters-com_b_9164930.html

Recommendations

0 members have recommended this reply (displayed in chronological order):

...a government that delivers austerity? Ferd Berfel Feb 2016 #1
DU, is the Sequester over? Octafish Feb 2016 #2
Fucking Alan Dulles sided with the Nazis. Fuddnik Feb 2016 #7
Excellent book.. Truth! mountain grammy Feb 2016 #16
Yes, so true, and Ho Chi Minh was never our enemy.. mountain grammy Feb 2016 #17
Special interests.. speaktruthtopower Feb 2016 #29
$6.8 billion in tax savings for just one hedge fund amborin Feb 2016 #3
What would Goldman think of that? Octafish Feb 2016 #4
I'm a huge Jim Simons fan. One of the most brilliant humans of all time. Lucky Luciano Feb 2016 #13
Is he a friend of William K. Black, too? He'd make a great AG as he knows what Fraud is. Octafish Feb 2016 #32
What the savings in taxation to ONE Hedge Fund could buy the American People... MrMickeysMom Feb 2016 #5
Hillary will tell them to cut out their shenanigans mindwalker_i Feb 2016 #6
Just like Obama did in '08! No socialism for the 99.99 percent! Octafish Feb 2016 #21
Been saying that for some time now, he has. n/t dixiegrrrrl Feb 2016 #8
Yes, he did. nt antigop Feb 2016 #9
When he said that at the debate... Ned_Devine Feb 2016 #10
That and the dreaded media Marty McGraw Feb 2016 #20
Kicked and recommended. Uncle Joe Feb 2016 #11
The way I understand things, people on Wall Street are doing things that are flat out illegal. brewens Feb 2016 #12
K & R for the whole thread. Duppers Feb 2016 #14
Matt Taibi's article today ymetca Feb 2016 #15
Wow! Matt succinctly nailed it! Duppers Feb 2016 #24
Clinton via CNN now saying, why would WS be running $6 million ads against me if they didn't Jefferson23 Feb 2016 #18
The comfort of the rich depends on an abundant supply of the poor. Voltaire Tierra_y_Libertad Feb 2016 #19
Hence their "pro-life" movement? ErikJ Feb 2016 #23
A valid observation. Tierra_y_Libertad Feb 2016 #25
Bernie was found guilty of fraud and went to jail. ErikJ Feb 2016 #22
Chuckie tried to dismiss it as silly by claiming it CAN'T be because pensions are in there.... Spitfire of ATJ Feb 2016 #26
It's gambling with OUR money. Heads they win, tails WE lose. nt Romulox Feb 2016 #27
Some people get richest betting on the abject failing of the masses' investments. valerief Feb 2016 #28
K&R Jenny_92808 Feb 2016 #30
Go Bernie! jonestonesusa Feb 2016 #31
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