How can y'all trust these fuckers? Seriously. Is it that nobody knows about this shit because the entire country is too busy trying not to lose their jobs? Where are we in the American Idol cycle? Are people just idiots? There HAVE to be enough smart folks in this country to do something about this kind of insanity:
Given the power of the N.Y. Fed, it is time to ask some very hard questions about its recent performance. The first question to ask is: Who is the New York Fed? Who exactly has been running the show? Yes, we all know that Tim Geithner was the president and CEO of the N.Y. Fed from 2003 until his ascension as treasury secretary. But who chose him for that position, and to whom did he report? The N.Y. Fed president reports to, and is chosen by, the Fed board of directors.
So who selected Geithner back in 2003? Well, the Fed board created a select committee to pick the CEO. This committee included none other than Hank Greenberg, then the chairman of AIG; John Whitehead, a former chairman of Goldman Sachs; Walter Shipley, a former chairman of Chase Manhattan Bank, now JPMorgan Chase; and Pete Peterson, a former chairman of Lehman Bros. It was not a group of typical depositors worried about the security of their savings accounts but rather one whose interest was in preserving a capital structure and way of doing business that cried out for—but did not receive—harsh examination from the N.Y. Fed.
The composition of the New York Fed's board, which supervises the organization and current Chairman Friedman, is equally troubling. The board consists of nine individuals, three chosen by the N.Y. Fed member banks as their own representatives, three chosen by the member banks to represent the public, and three chosen by the national Fed Board of Governors to represent the public. In theory this sounds great: Six board members are "public" representatives.
So whom have the banks chosen to be the public representatives on the board during the past decade, as the crisis developed and unfolded? Dick Fuld, the former chairman of Lehman; Jeff Immelt, the chairman of GE; Gene McGrath, the chairman of Con Edison; Ronay Menschel, the chairwoman of Phipps Houses and also, not insignificantly, the wife of Richard Menschel, a former senior partner at Goldman. Whom did the Board of Governors choose as its public representatives? Steve Friedman, the former chairman of Goldman; Pete Peterson; Jerry Speyer, CEO of real estate giant Tishman Speyer; and Jerry Levin, the former chairman of Time Warner. These were the people who were supposedly representing our interests!
Its because we don't care, AA. We're a nation of sheep. Just throw enough pablum at us on the TV and pretend that our votes matter every few years and you've got it made. All ya gotta do is tell us you care about us. We'll swallow that hook line and sinker. Every time.
The vast majority of people in this country have never read the constitution or the Bill of Rights end to end. And Im confident even fewer actually understand what they mean. And even fewer than that are actually willing to fight for the ideals therein.
Circling the bowl folks...all thats left is to enjoy the ride.
AA, to answer your question...American Idol is down to the final three...all guys...good Christian boy, gay rocker and your every day handsome pop/rock singer/guitarist. I like the first one and the last one but I'm not fond of the gay rocker (NTTATWWT).
What I'm trying to say is Tippy is likely right...I pray for my kids that he isn't.
I heard something the other day about the difference between how liberals and conservatives see the Constitution...conservatives believe that the document can be changed and updated and our founders accounted for that by allowing votes on amendments. But liberals think that we can change the Constitution just by interpretting it differently...that the founders words/writings are open to interpretation and thus, we don't need to put it to a vote, we just need the right people to interpret it how we want it.
I dunno about that, but I do know that there are very few who really know how the Constitution applies to their personal lives...same thing for the Bible for that matter...but that's a whole other controversial subject.
LMMFAO these fuckers...this asshole thinks he can resign and avoid the shit raining down on him? Fuck you, man.
[quote]The highly unconflicted NY Fed Chairman, who was buying boatloads of Goldman shares as the bank was getting taxpayer bailouts, has just resigned.
NEW YORK—The Federal Reserve Bank of New York announced today that Stephen Friedman, chairman of the board of directors of the New York Fed, has informed William C. Dudley, president and chief executive officer of the New York Fed, and the Board of Governors of his decision to resign effective immediately. [/img] http://zerohedge.blogspot.com/2009/05/ny-fed-chairman-stephen-friedman.html
Please note the sarcasm in the first line of ZH's post.
I've never met a retarded person who wasn't smiling.
