Congresswoman presses Geithner on connections to Goldman Sachs

David Edwards
Raw Story
Tuesday, March 24, 2009
http://rawstory.com/news/2008/Waters_...

Rep. Maxine Waters (DEM-CA) asked Treasury Secretary Timothy Geithner about his connections to Goldman Sachs at a House banking hearing Tuesday morning. Goldman Sachs is known to have received bailout money given to A.I.G. Goldman may have participated in the government decision to provide the original bailout money to A.I.G.

Geithner told Waters that Goldman Sachs could help manage the new program to help banks remove toxic assets from their books. It is possible, if they are qualified, he said.

Former Treasury Secretary Hank Paulson once served as Chairman and Chief Executive Officer for Goldman Sachs, afer working for the firm for decades.

Neither did it look good when Geithner — himself a protégé of notorious Goldman alum John Thain, the Merrill Lynch chief who paid out billions in bonuses after the state spent billions bailing out his firm — picked a former Goldman lobbyist named Mark Patterson to be his top aide, writes Matt Taibbi in Rolling Stone.

In February, Congresswoman Waters received a lot of attention after telling the heads of J.P. Morgan Chase, Bank of America, Goldman Sachs and five other powerhouses at a prior House hearing, To the captains of the universe sitting here before all of us, all of my political life I have been in disagreement with the banking industry.

The Washington Post noted that Waters was dripping sarcasm from every syllable of captains and universe. Bank of America chief executive Kenneth Lewis attempted a little joke in response, saying, I feel like a corporal of the universe. Stony silence from the seething Waters.

Lesson to future Hill witnesses: Dont taunt a grouch, Frank Ahrens wrote for the paper. Especially one with power.

This video is from CNNs Newsroom, broadcast Mar. 24, 2009.
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[clubcalichad20]

HANG THE FUCKER!

[craigenputtock]

There should a hundred Maxine Waters in the congress when it comes to reigning in these rogue bankers who are destroying this country!!!!!

[73mandala]

HA, the USA's laws are a joke, if you're in this clique of financial elites you are above the law in fact it seems that they make the laws, Americans these ppl are your enemy these grubs are stealing your tax $ and laughing in your face as they do it. All these grillings from congress amount to zero at the end of the day, what happens to GS? Nothing they just get bailed out with YOUR TAX $ and continue on their path to the ultimate demise of your country,Americans you'd better get control back

[lamiac2411]

Oh man let me say I am a very "sensitive" person I guess you could say. In other words I really do not get enjoyment seeing someone being put to death unless it is for something so terrible it is hard to even imagine. I WOULD GIVE UP ALL OF MY POSSESSIONS TO SEE GEITHNER AND ALL OF HIS WALL STREET CRONIES HANG! I DON'T WANT AN INSTANT DEATH, I WOULD THEM TO SLOWLY CHOKE TO DEATH, VERY SLOWLY. I WOULD BE THERE LOOKING STRAIGHT IN HIS EYES LAUGHING AND SPITTING IN HIS FACE. FUCK YOU GEITHNER!!

[getabrainasshole]

@clubcalichad20 you need the (s) for plural......goldman sachs is running the country..............claims of obooma getting millions from goldman sachs employees in campaign contributions.............gold­man sachs "ground fcking zero"

[getabrainasshole]

the acorn ho is getting serious........is it because the dumbocants didn't get paid off??

[RadioTangible]

Is this what the kids mean by "telling it like it T. I. tis?"

[taosimplicity]

@ngonea, don't go to Brazil, I found out recently that it's too expensive to live there because senior Americans can't afford to retire in the states and the exodus to Brazil has made it easy to gouge Americans. Condo and home prices are more expensive there than they are here. Try Argentina, specifically Mendoza. Things are still affordable enough and the food is CHEAP. $11.00 for 2 people and HUGE portions of excellent food. It's even cheaper to live in Quito Ecquador.

[ngonea]

@taosimplicity -LOL I 'm coming too!

[ngonea]

@Damnthewargods - yeah and did you catch it when he said "Your Government"? that's because The Sec Of Treasury, The Sec Of State & The Attorney General ALL have to EXPATRIATE themselves in order to perform their jobs, so who do they work for? Yep the

foreign Int'L CREDITORS who are THE OWNERS OF THE FED RESERVE BANKS, & BY EXTENTION THE ones now foreclosing on THE U.S. that's why ppl are thrown out of their homes.These demons OWN ALL LAND RIGHTS via the debt of the District Of Columbia

[Damnthewargods]

Goldman Sachs did have a big part in this......

and what does lil Timmy mean open and competitive process....does he mean everybody will get a chance to screw the American people?

[Truthtolder]

And creating hyperinflation by printing to much money in circulation is the answer?

How is bailing out broke banks and failed companies with the taxpayers money going to save your economy?

The FED won't even tell you where all the trillions went.

A recession was unavoidable considering you are living far beyond your means comparatively to your horrible economy.

In a recession you are suppose to save money, not spending more.