Otto was right: WTO, Larry Summers, etc. conspired to destroy financial regs | TigerDroppings.com
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CptBengal
USA Fan
BR Baby
Member since Dec 2007
44093 posts

Otto was right: WTO, Larry Summers, etc. conspired to destroy financial regs

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


kevv824
LSU Fan
Member since Sep 2006
2214 posts

re: Otto was right: WTO, Larry Summers, etc. conspired to destroy financial regs
Otto was right about a lot of shit


CptBengal
USA Fan
BR Baby
Member since Dec 2007
44093 posts

re: Otto was right: WTO, Larry Summers, etc. conspired to destroy financial regs
quote:

Otto was right about a lot of shit


lets not go crazy...


lsuroadie
LSU Fan
South LA
Member since Oct 2007
6412 posts

re: Otto was right: WTO, Larry Summers, etc. conspired to destroy financial regs
quote:

lets not go crazy...


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Bestbank Tiger
Tulane Fan
Landmass
Member since Jan 2005
23217 posts

re: Otto was right: WTO, Larry Summers, etc. conspired to destroy financial regs
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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TerryDawg03
Georgia Fan
The Deep South
Member since Dec 2012
2914 posts

re: Otto was right: WTO, Larry Summers, etc. conspired to destroy financial regs
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.


ehidal1
Rice Fan
Chief Boot Knocka
Member since Dec 2007
20777 posts

re: Otto was right: WTO, Larry Summers, etc. conspired to destroy financial regs
quote:

by kevv824
Otto was right about a lot of shit


I think we found otto's alter


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Jimbeaux28
LSU Fan
Baton Rouge
Member since Jun 2007
2574 posts

re: Otto was right: WTO, Larry Summers, etc. conspired to destroy financial regs
What happened to Otto? I know he talked about how bad his health was. Did he get banned or worse?


TN Bhoy
USA Fan
Sketty, Wales
Member since Apr 2010
47476 posts

re: Otto was right: WTO, Larry Summers, etc. conspired to destroy financial regs
quote:

Otto was right about a lot of shit



Adi Da
is my homeboy
and housemate


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GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
28558 posts

re: Otto was right: WTO, Larry Summers, etc. conspired to destroy financial regs
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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a want
LSU Fan
North America
Member since Oct 2010
10986 posts
Online

re: Otto was right: WTO, Larry Summers, etc. conspired to destroy financial regs
quote:

John Corzine

Talk about douche bags...


LSURussian
LSU Fan
Member since Feb 2005
85147 posts

re: Otto was right: WTO, Larry Summers, etc. conspired to destroy financial regs
quote:

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


Nothing is worse than banning.....





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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
24819 posts

re: Otto was right: WTO, Larry Summers, etc. conspired to destroy financial regs
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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