Elliot Spitzer to Goldman Sachs: You Lied to the American People. You Should Be Prosecuted.

[sabrina 1]

Run time: 03:51 https://www.youtube.com/watch?v=dWFmD8r781U   Posted on YouTube: April 15, 2011 By YouTube Member: CNN Views on YouTube: 253   Posted on DU: April 16, 2011 By DU Member: sabrina 1 Views on DU: 3255

 
Elliot Spitzer, interviewing Carl Levin after the hearings on the findings in the report on Goldman Sachs, states that Goldman Sachs should be prosecuted for what they did that helped collapse the Global Economy.

'Goldman Sachs, you lied to the public, you lied to your clients, you got a problem, you come on this show, sue me, I don't care, you lied to the public, you should be prosecuted, I'm going to say it right now and I hope they are.'

Spitzer says that all the while he was a prosecutor in NY, Wall St. kept insisting they did not need regulation, that they would regulate themselves. Carl Levin responds that not only did they not regulate themselves, they were doing the exact opposite.

Goldman Sachs was betting on the failure of investments they were selling to clients without informing them that these were bad investments.

It's good to know that someone is looking into what caused the collapse of the economy because many people have been asking 'why have there been no prosecutions for what happened'?

And now they are trying to make the American workers pay for the debts they ran up??

[Taverner]

1. Spitz for AG

Hands down...he's who should be

[90-percent]

2. Go Spitz

He'll make short work of all those heinous medical marijuana users that took down our economy!

-90% jimmy

:sarcasm:

[sabrina 1]

3. Yes, he would have gone after them long ago if he was AG.

Matt Taibbi and Spitzer were on CNN this week, commenting on the Carl Levin hearings. Matt Taibbi said that if Holder doesn't start investigations immediately, he should step down.

As someone said recently 'this was the biggest Bank Heist in history, and there has even been an investigation'.

It's shameful, and this is the reason for their 'austerity' programs around the world. THEY caused the problems, but the people are being asked to pay for their crimes.

[freshwest]

8. They've done the same thing around the world, now there's nothing left but us to devour.

[sabrina 1]

11. Absolutely, it's global. The snakes have been working on this

for decades while we thought we were just dealing with our own individual countries.

The same words are used 'austerity' 'shared sacrifice' everywhere they are present cannabalizing socieities.

But, events have occurred which may have exposed to the extent that they cannot survive much longer. Wikileaks, for one thing, which clearly demonstrates just how many countries they operate in. Those cables reveal so much only suspected, now proven, about the presence of these parasites in every corner of the world.

And thanks to those revelations, starting with Tunisia, a global revolution is beginning.

If they could cross borders and care little about individual countries, we The People can do the same thing. People of the world uniting against them. Their secrets are out, they were better off when they were not so blatant.

The World Bank and the IMF are now being exposed also for making things worse in all the third world countries in which they interfered. Now Europeans, once thought beyond ever needing their 'services' are faced with being obliged to take loans from them. And this is causing more scrutiny of just what has been going on for all these years.

[freshwest]

17. Wikileaks has done a great service in revealing this, along with other English speaking countries.

Latin America is also leading the way in many respects. Our response has to be global like it once was, when we had international unions.

Right now, we are an occupied land, but most Americans refuse to admit it. The measures being taken in Michigan and Wisconsin and other states prove they intend to centralize control and ignore us.

Those who believe the 2nd Amendment and the right to bear arms will protect us are deluded. It's been a circus side show to keep our eyes off what the powerful have now.

Using violence will fail, for we have paid for the advanced weaponry they have. We know they have them, and should not be so arrogant as to think they cannot encourage someone to use them.

We must simply not comply, call them out for being ridiculous and not having any power over us in the end.

Our problem will be less 'them' and more our 'fellows,' who fear to lose their patronage and will attack any who speak against these cabals. We see it on message boards when the sacred cows of industry and religion are questioned. It's in real life, too.

Thanks Sabrina.

[txlibdem]

30. +1 Why has it been over 2 years yet the Obama administration hasn't mentioned any investigations

To find the answer as to why, go to celebritynetworth.com and look up the net worth of Eric Holder and Barack Obama. Surprise! They're multi-millionaires.

Does any of us actually believe that one multi-millionaire is going to look out for the interests of the poor and middle class? Or is it more likely that they will look out for their own "peeps" -- the other millionaires and billionaires.

[phasma ex machina]

4. What difference will more regulations make with a de facto revolving door between banksters and

and their make believe regulators?

[GreenTea]

5. Exactly why the Banks & Wall St. slime went after Elliot Spitzer' private life - The slime doesn't

want anyone to expose their lies, and slimy dealings & rip-offs of people's hard earned money...The banking corporation want absolutely no oversight, or laws telling them they can't steal from investors or loan borrowers they lied to & plan to steal from....

And the Banks & Wall St. want the republicans to give these slimy fuckers complete deregulation to do as they please and the republicans also want give these same cocksuckers our Social Security to privatize -

The same Banks & Wall St firms who received government bailouts will steal every penny from retired people will then the retired will be forced onto the streets and/or tax payers will have to pick up the burden (just like a "third world country") as the deregulated banks who will steal everything will keep all the peoples retirement money and never ever be prosecuted - How can they be, the republicans will give them complete deregulation before hand!

[sabrina 1]

6. Spitzer asks Levin about the Republicans

still demanding no regulation, and why they have 'learned the wrong lesson' from what happened. I like the way Carl Levin just sort of laughed.

I think Spitzer probably knows the answer. They are bought and paid for lackies of Wall St. and Big Business.

But all that money that has been stolen from the American people, and no one is trying to get it back?? Except for maybe Levin. I hope this is the beginning of a turnaround and that we start to see some action from the DOJ. But I won't hold my breath.

[freshwest]

10. Without sufficient majority, nothing can be done. It will require a huge majority to turn it around.

Levin and others did the investigations. The process is waiting for that majority.

[sabrina 1]

12. I think it's up to the DOJ now.

We'll see what happens. I don't see how these revelations can be ignored.

[freshwest]

18. I think more pressure needs to be applied, to let them know the game must end.

The trap that Obama and others have fallen into, is trying to protect everyone in the USA from the blackmail these people committed. Any approach will have to be done one by one, not as a whole. They have the resources to sit and drink champagne in their perches abroad watching America implode upon itself if the entire system is dismantled too quickly. It would be like a war zone.

[sabrina 1]

20. Yes, I agree that it needs to be done slowly and carefully.

I don't think it can be done any other way actually. The magnitude of the crimes is astounding really and over so long a period of time.

It would be hard to know where to begin, but I think Spitzer is correct about Goldman Sachs considering what is now known about their practices.

I think it will years to uncover all of the corruption. However beginning the process would serve as a deterrent to some and that can only benefit the people.

I also think there should be a major effort made to retrieve some of the tax payers' money which is another good reason for starting the process of investigations.

And I see your point about the world watching as the country implodes. And that is why I believe what they did was treasonous. They cared nothing for this country, motivated only by pure greed.

[freshwest]

9. +100,000

[freshwest]

7. Glad to see Spitzer still on it, thought he was gone for good.

[DeSwiss]

13. K&R

- I repeat: CAPITALISM IS CANCER.

[JJW]

14. Tough talk but....

Millions have lost their homes, had their pensions destroyed, and yet not a single banktser has gone to jail.

[sabrina 1]

16. That's what Spitzer is angry about. Not a single prosecution.

If he was AG prosecutions would have begun years ago. Which is probably why he's not.

He and Matt Taibbi were on CNN together this week, and Matt Taibbi correctly said that if Eric Holder doesn't start investigating these enormous crimes now, he should step down. I agree with that.

[slipslidingaway]

15. knr nt

[midnight]

19. Hopefully we put the cop back on the beat?

Put the Glass–Steagall Act back into practice and then we can talk about having true over site.

[yurbud]

21. Obama would seal the deal on his reelection if he had the cajones prosecute all top Goldman Sachs

execs and even better, smash their firm to bits, and any other big enough to buy our government and break the world economy.

[sabrina 1]

22. After reading Matt Taibbi's latest article about the

money that was given to Wall St. insiders, foreign banks, foreign car manufacturers etc all the while this country was supposedly going broke, I can well understand the anger Spitzer feels that there has not been a single prosecution yet.

Add to that, the revelations from Carl Levin this past week, and there is no doubt, nor can the DOJ pretend there is, that there was massive corruption going on and that these greedy, power-hungry people are responsible for the near destruction of this country.

And we were worried about FOREIGN terrorists?

You are correct, if this administration were to initiate prosecutions, his re-election by a landslide, would be guaranteed. But how can he do that when Goldman Sachs were his biggest campaign donor, and his cabinet is filled with Goldman Sachs alumni. I wonder if he even got to choose them himself?

[yurbud]

24. I don't think he did get to choose them. What intelligent person in their right mind would

go back to Rubinite scum like Larry Summers who promoted policies that led to the crash unless you had no choice?

That's like choosing Dr. Mengele for your kid's pediatrician.

[90-percent]

23. what Jesse sez

I've posted this info elsewhere.

Jesse Ventura recently claimed that the Treasury Secretary has come from Goldman Sachs for THE LAST FIFTY YEARS!

regardless of which party was in the White House!

-90% Jimmy

[sabrina 1]

26. I didn't know that. It makes ou wonder if the president has any

say in these appointments at all. Eg, I remember Elizabeth Warren questioning Geithner before Congress last year, trying to get answers about the money that was set aside to help homeowners going into foreclosure. Apparently very little of it had been used and his responses were arrogant and angry, he had the attitude that no one had the right to question him.

Also, he and Bernanke would not reveal to whom the TALF money had been given. Now, we are finding out, as Matt Taibbi's recent article was based on those revelations. And no wonder they did not want us to know. Foreign banks, foreign car businesses, the wives of Wall St. execs?? All the while this country was going broke. Apparently there was plenty of money, trillions, to hand over to those entities and to Wall St. banks.

Disgusting is all I can think to say at this point.

[yurbud]

25. Did Elliot Spitzer really need to be chased out of public life because of stupid hooker scandal?

We need guys like this in the game.

He should be running the SEC or something else where he could really put the screws to the assholes on Wall Street.

[sabrina 1]

27. No, he didn't and should not have been. But Wall St.

wanted him out of commission so I guess that's what matters. I'm surprised he's even allowed to comment on all of this.

This whole Wall St/Goldman Sachs operation appears to have taken over this government. Now that we know, what can be done about it?

[yurbud]

28. at the presidential level, I'd say nothing can be done, but in house and senate races

back progressives, and put up challengers to blue dog and DLC incumbents, whether or not those at the top of the party like it. If Joe Lieberman can be defeated in a Democratic primary, any corporate bootlick can.

[sabrina 1]

29. I agree completely, Congress is where people should focus

their efforts, and I never believed that a good progressive could not be elected anywhere especially if they ran on these issues. All polls show that across party lines, people want these banksters to be held accountable.

It's beginning to look like it doesn't matter who is in the WH, the presidency may very well have been coopted.

Also, those running for that office should be asked 'Who will be in your cabinet'? Not that s/he may even have a choice anymore, and if that's true, then there HAS been a 'coup' as many have said for a long time.