Otto was right: WTO, Larry Summers, etc. conspired to destroy financial regs
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Otto was right: WTO, Larry Summers, etc. conspired to destroy financial regs
Posted by CptBengal on 8/22 at 8:15 pm
quote:

The Memo confirmed every conspiracy freak’s fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet.


quote:

The Treasury official playing the bankers’ secret End Game was Larry Summers. Today, Summers is Barack Obama’s leading choice for Chairman of the US Federal Reserve


quote:

It begins with Larry Summers’ flunky, Timothy Geithner, reminding his boss to call the Bank bigshots to order their lobbyist armies to march: “As we enter the end-game of the WTO financial services negotiations, I believe it would be a good idea for you to touch base with the CEOs…”

To avoid Summers having to call his office to get the phone numbers (which, under US law, would have to appear on public logs), Geithner listed the private lines of what were then the five most powerful CEOs on the planet. And here they are:

Goldman Sachs: John Corzine (212)902-8281 Merrill Lynch: David Kamanski (212)449-6868
Bank of America: David Coulter (415)622-2255 Citibank: John Reed (212)559-2732
Chase Manhattan: Walter Shipley (212)270-1380
LINK



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Posted by kevv824 on 8/22 at 8:18 pm to CptBengal
Otto was right about a lot of shit


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Posted by CptBengal on 8/22 at 8:19 pm to kevv824
quote:

Otto was right about a lot of shit


lets not go crazy...



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Posted by lsuroadie on 8/22 at 8:20 pm to CptBengal
quote:

lets not go crazy...



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Posted by Bestbank Tiger on 8/22 at 8:21 pm to CptBengal
Wow, that's a Who's Who of crooks.

I'm just surprised that Summers was smart enough to pull it off. If you could buy him for what he's worth and sell him for what he thinks he's worth you would be a 1-percenter.



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Posted by TerryDawg03 on 8/22 at 9:49 pm to CptBengal
quote:

It was like replacing bank vaults with roulette wheels


I hate this type of rhetoric. Discredits the author somewhat, IMO. Still, interesting finding and would love for this to be true and blow up.



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Posted by ehidal1 on 8/22 at 11:08 pm to kevv824
quote:

by kevv824
Otto was right about a lot of shit


I think we found otto's alter



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Posted by Jimbeaux28 on 8/22 at 11:09 pm to TerryDawg03
What happened to Otto? I know he talked about how bad his health was. Did he get banned or worse?


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Posted by TN Bhoy on 8/22 at 11:09 pm to kevv824
quote:

Otto was right about a lot of shit



Adi Da
is my homeboy
and housemate



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Posted by GumboPot on 8/22 at 11:21 pm to TerryDawg03
quote:


quote:

It was like replacing bank vaults with roulette wheels



I hate this type of rhetoric. Discredits the author somewhat,


Yep. I hate it too. This seems to be a common style and is usually seen in financial doomsday and/or climate change articles. The author usually loses me the second I read that kind of bull shite.

Creative writing must be creeping into the journalism curriculum at colleges.



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Posted by a want on 8/23 at 8:02 am to CptBengal
quote:

John Corzine

Talk about douche bags...



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Posted by LSURussian on 8/23 at 8:04 am to Jimbeaux28
quote:

What happened to Otto? Did he get banned or worse?


Nothing is worse than banning.....






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Posted by Taxing Authority on 8/23 at 8:37 am to a want
quote:

Talk about douche bags...that should be in jail
Yup. Yet another "Wall St. Fat Cat" that Obama has failed to prosecute...


This post was edited on 8/23 at 8:38 am

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