OBAMA MEETS WITH BANKING GNOMES WHO SCREAM AT HIM

gnomes-and-obama-argue1

Obama and the gnomes had a secret meeting.  They came to tell him to lay off of their madcap activities and just hand over all the money so they can get richer, faster.  He begged them to understand, people are pissed as hell at these rapacious creatures.  They, in turn, snarled, they would not lend the taxpayer money they are borrowing if we insist on some form a control of their uncontrolled lusts and desires to get rich, faster, on our collective dime.  Of course, I wasn’t there to yell, ‘YOU ARE ALL UNDER ARREST FOR FRAUD AND TREASON.’  Nope.  Obama wants to placate the gnomes, not discipline them.  I am commenting on nearly the entire Bloomberg story because this clearly illustrates who owns Obama and why he can’t fix a damn thing.  And how arrogant, stupid and obnoxious the gnomes are when they are badgering someone they own.  They are spitting mad, the US voters want to interfere with their use of our money.

 

Obama Tells Bankers to Show ‘Restraint’ as He Seeks Their Help – Bloomberg.com

President Barack Obama told chief executive officers from some of the largest U.S. banks to “show some restraint,” even as he courted their support for his plans to stabilize the financial markets.

HAHAHA,  I swear, I am going to laugh to death.  Of course, not all that many people have seen the little video I made,  YouTube – Cave of Wealth and Death pt 2 All About Gnomes

 

 

If Obama watched this, he could then clearly see exactly what he is dealing with.  His bosses, the gnomes, are brutal.  And mono-minded.  For him to beg them to SHOW RESTRAINT is utterly foolish.  The sole reason they do the things they do is, they have NO RESTRAINT and want infinite wealth!  

This is why they can enter the Cave of Wealth and Death in the first place.  They see Libra at the door with Her scales and yell, ‘Out of my way, bitch!  I’m going in and I’m stealing everything!’  Then, they rush in and jump into the Goddess of Infinity’s lap.

At a White House meeting yesterday, some of the CEOs expressed concern to Obama about government efforts to right the economy, HAHAHA….I bet it went like this: ‘OMG!  DAMN YOU!  Stop trying to stop us!  We are unstoppable and if you don’t stop trying to stop us, we will….just remember Kennedy!’ —-even as they pledged to help him achieve that goal. Worries included repayment aspects of the federal bank-rescue program  —HAHAHA, they screamed, ‘What the hell?  You want us to REPAY the sheeple????  NO WAY IN HELL!’—and details of initiatives aimed at preventing future banking meltdowns, according to attendees.

Imagine that!  Initiatives that might prevent the gnomes from rushing into the Cave of Wealth and Death and having sex with the Goddess of Infinity?  Perish the thought!  They want to control these pesky ‘details’ so there are NO CONTROLS AT ALL.  They hate Libra and love Infinity.  This is why I use the stories of the Cave of Wealth and Death: it helps us understand the twisted psychology of the gnome community.

The president met at the White House with more than a dozen CEOS from banks including Jamie Dimon of JPMorgan Chase & Co., John Mack of Morgan StanleyVikram Pandit of Citigroup Inc. and Lloyd Blankfein of Goldman Sachs Group Inc. as he sought backing for his plans and to move beyond furor over bank bailouts and bonuses. Obama said he challenged the executives to prove they understand the public’s anger and exercise “restraint.”

What the gnomes want is to use our own military to attack anyone in the US who dares to try to stop the gnomes and force an accounting and enforce sane banking laws.  They do NOT want sanity.  They want a police state where we pay all the losses and they get to stuff their pockets and take anything they want while giving out increasingly worthless paper money in return.  

And look at the list of pirates here!  Jamie Demon.  Mack the Knife.  Vikkie Pander.  And the supergnome, Blankenstein.  

“Show that you get that this is a crisis and everybody has to make sacrifices,” Obama, in an interview with CBS News later in the day, said he told them. “They agreed and they recognized it.  What they meant was, ‘make HUMAN sacrifices.’  And this meant to them, they must kill some people and terrorize the rest of us.  Watch out.  We know what happens next.  Now the proof of the pudding’s in the eating.”…

And guess who will eat shit?  Think the piratical gnomes are going to suffer for one second?  They are already suffering because they thought the new windows blasted into the US Treasury by Bernanke and Paulson would stay wide open and be just another wonderful looting locus.  Instead, strings are attached and they don’t like this one tiny bit. 

People at the meeting said the president and the executives agreed on the need to work together to get credit flowing through the markets again and dig the economy out of a recession. One of Obama’s main messages was that financial institutions will find themselves working under stricter rules unless they take steps themselves, several attendees said.

Obama threatened them?  HAHAHA.  This means, they will activate their servants who infest DC and who we imagine, represent the US public.  It is already painfully obvious, we need much stricter rules and furthermore, asking a bunch of greedy, piratical gnomes to supervise themselves is like asking a child to guard a cookie jar.

“Clearly, the president said: ‘Look you can help me by helping yourselves and moderating this behavior and bringing scale to this and making sense out of it so the administration doesn’t have to step in,’” said Camden Fine, president of the Washington-based Independent Community Bankers of America.

They always ‘help themselves’ to the cookie jar!  This is how they operate.  I know that any mother that begs brats to not raid the cookie jar, get absolutely nowhere if she doesn’t use some strong arm tactics.  We know that that is.

Yesterday’s meeting was called to mend a relationship that deteriorated amid anger on Capitol Hill and among taxpayers over bonuses paid to some employees at American International Group Inc., once the world’s largest insurer, which has been propped up with $182.5 billion in government funds.

HAHAHA!  The gnomes want Obama to grovel.  So he did this a little bit while pleading with these monsters to behave themselves, PRETTY PLEEEEAAASE and maybe they can all go out and have ice cream later, OK?

The CEOs and administration officials called the 75-minute meeting a candid dialogue. It was a “very frank, open conversation,” Robert Kelly of New York-based Bank of New York Mellon Corp., told reporters afterward. “Our interests are very much aligned with the administration.”

Good grief. What this means is, Obama CONSPIRED with them.  They just destroyed the ENTIRE ECONOMIC SYSTEM OF THE ENTIRE PLANET EARTH and he wants to be ‘aligned’ with these creatures?  

While AIG wasn’t discussed by name, according to Fine, Obama emphasized the importance of “recognizing what the American public is going through in this economic crisis,” White House press secretary Robert Gibbs said.

In other words, Americans are losing jobs, committing suicide, going insane and dying.  While the gnomes still roll in obscene amounts of wealth.

“Several of the bankers indicated, ‘yes, we understand the public’s anger,’”Edward Yingling, president of the American Bankers Association, said in an interview after the meeting.

Yingling also said the bankers came to the discussion with their own issues.

These include concern about the vilification of Wall Street, negative comments about the economy and shifting rules, according to Yingling and other attendees.

The brats want us to stop talking about them?  HAHAHA.  I will still call them gnomes and demand, they be arrested.  This isn’t internal, either.  Since they operated in international waters, these pirates should be arrested, tried and hung.  Drawn and quartered, too, for that matter.  After all, they support torture.

As for shifting rules: who were the creeps who shifted the rules from being ones that worked to rules that were useless?  The banking gnomes!  They are scared, these old rules will return!  They want no rules, they hate Libra and her rules.

There’s a need for “consistency from the government so we don’t feel we are getting jerked all around,” he said. “We need people to be talking more confidently and not talking everything down all the time.”

 

 

 

 

THEY are getting jerked around????  After jerking around the entire planet and wrecking everything while they rushed off madly to snatch as much money as possible?  This clearly shows, these arrogant monsters are not humbled even slightly.  How on earth can anyone ‘talk more confidently’ when we are rushing over a cliff and falling into this immense ZIRP black hole?  Eh?  Try talking confidently!  

 

‘Hey!  We are falling off a cliff!  Oh well, we are now weightless!  Whoopee!’  how’s that for talking confidently?  Alas, when everything is going ‘down’ we can’t say, ‘it is going UP!’

 

Madoff Liquidator Says $2.6 Billion Will Pay Victims of Fraud – Bloomberg.com

 The agency liquidating Bernard Madoff’s brokerage says the $2.6 billion it has on hand is enough to satisfy all legitimate claims by victims of the money manager’s $65 billion Ponzi scheme.

The Securities Investor Protection Corp. is using a formula that investors may challenge in court. The agency has the money in an industry-financed fund and from recovered assets to reimburse Madoff’s 5,000 customers to the maximum allowed by its charter, Stephen Harbeck, SIPC president, said in an interview.

The SIPC has $1.6 billion in a fund designed to reimburse customers as much as $500,000 on lost investments, plus $1 billion recovered by brokerage trusteeIrving Picard from Madoff firm bank accounts and desk drawers, Harbeck said.

Madoff’s funds always went up and up and up.  Even though it was 100% fraud.  Like the crooks who met with Obama yesterday to give him his latest orders—‘Get rid of those peasants and make them shut up!’—Madoff charmed everyone, as he picked pockets.  Everyone thought, they would get real rich, hanging out with him.  They got poorer.

Some Madoff investors are up in arms about SIPC’s decision, announced by Picard at a Feb. 20 creditors’ meeting, to limit victim claims to “net equity” — cash invested minus sums taken out. That formula ignores profit reported on customer brokerage statements for the past 20 years, gains that were fictitious because Picard found no evidence Madoff had made any trades or profits going back decades.

Even though there were NO INVESTMENTS, they want the ‘return’ on their money that they got via fraud.  Not realistic returns, they want the FANTASY returns.  There is a problem with all this: there was no money in the first place.  So they can’t recover money that never existed.  They all have to chalk this up to the harsh school of experience. I have lost immense amounts of money in the past, and I didn’t cry about it.  This is life!

 

After all, we can and do lose the most valuable thing on earth: our own lives.  Not to mention, loved one’s lives.  That is all that matters, in the end.  Anyway, they trusted a con man.  They can collectively sue the US government for not protecting them.  But this means, voting into office, people who protect us, not protect con men, pirates and gnomes.  

 

So far, I see voters voting for the protectors of con men, not us.  Political agitation for cleaning up the financing of elections is a major task.

Customers paid taxes on those phantom profits and “legitimately expected” that they owned the securities listed in official brokerage statements, said Helen Chaitman, a Madoff victim and lawyer with Phillips Nizer LLP who is advising 350 investors in the fraud without charge.

If they paid taxes on phantom incomes, they should get a full refund.  This is fairly easy to do.  But to demand the full return on fictitious returns is unreasonable.  Capitalism is all about using capital to recycle into the system to support new enterprises, etc.  If no money flowed into the system to ‘grow’ something else, it was not growing.  So they have to accept this and realize, there is no free lunches here.

 

On the other hand, the demoralizing sight of a bunch of spoiled brat gnomes demanding bonuses for doing a terrible job, grates even more.  They expect to always be rewarded, even as they create losses! They are every bit as much, a bunch of cons and frauds, as Madoff:

 

 

Goldman Sachs Funds Paid $49.6 Million to Top Executives in ‘08 – Bloomberg.com

 Goldman Sachs Group Inc.’s top 10 executives received $49.6 million from their investments in hedge funds and private equity funds during 2008, more than most of them earned in compensation after agreeing to forgo bonuses.

See? Up or down, they are rewarded.  They screw everything up, they want petting, loving and lots of loot.

Chief Executive Officer Lloyd Blankfein’s $1.1 million in total compensation was dwarfed by the $11.3 million he received in profits and other income from his fund investments, the New York-based company’s proxy filing showed. Co-President Gary Cohn’s $3.7 million in pay contrasts with $7.4 million in fund income, the filing showed.

This is why they hate paying taxes.  The richer they are, the more they hate sharing.  In general, they despise public responsibilities.  This is for the little people who not only get to pay all the taxes, but clean up all the gnome spit and throw-up after the gnomes party.  

While the payouts pale in comparison with Blankfein’s record-setting $67.9 million bonus for 2007, they illustrate that top executives had other sources of income at the sixth- biggest U.S. bank by assets. Two of the executives, Co-President Jon Winkelried and Co-General Counsel Gregory Palm, sold fund stakes back to the firm to raise money in the last four months of the year rather than sell stock in a rocky market.

Just like Madoff gave his ugly brats and himself and hausfrau, hundreds of millions in illicit loot, these guys are not happy unless they get immense sums, too.  The numbers are obscene.  This is why we must tax the very rich.  If they can reward themselves, they will do so, to the nth degree.  If they feel, the government will take some of this loot, they are less motivated to steal stuff.

“Stock sales would easily have covered their liquidity requirements but given the turbulent market conditions, we, and they, were concerned that such sales would be misconstrued by the market as indicating a lack of confidence in Goldman Sachs,” said Lucas van Praag, a spokesman. “It was clearly in the long-term interests of the organization and our shareholders that we purchase these interests.” Goldman Sachs bought the holdings after consulting with the board, he said.

HAHAHA!  The gnomes wanted to dump their stock.  But this means, filing with the SEC.  Even toothless, this requirement exposes the gnomes to examination.  So, if they are lying and they lie all the time, and claim, all is well, we can look at SEC filings to see if the jerks are selling off their own stocks, exiting as fast as possible.  

Palm, 51, raised $38.3 million in cash, while Winkelried, 49, garnered $19.7 million, the proxy showed. Palm’s sale represented 25 percent of his total investments in the funds and Winkelried’s was 30 percent, said van Praag.

This is another regulation the gnomes would dearly love to kill.  They hate any regulations. They either make the regulations toothless or they run the regulators or they simply void any laws restricting their nefarious activities.  And this means, giving money to politicians.  

 

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4 Comments

Filed under money matters, politics

4 responses to “OBAMA MEETS WITH BANKING GNOMES WHO SCREAM AT HIM

  1. Pingback: OBAMA MEETS WITH BANKING GNOMES WHO SCREAM AT HIM « Culture of Life News

  2. Kurt

    Hi Elaine,
    Below is one of the best articles written about the coming depression by an honest and brilliant economist who certainly carries his father’s genes.
    He explains in very convincing detail, the real economic problems we face today, in dealing with this unprecedented Depression during the next 20 years. It really is a must read!
    I am sure your readers will be interested in reading it. The article appeared in AlterNet.org and the link follows.
    I will also include the comment that I made on this article.

    “This Crisis Is Way Bigger Than Dead Banks and Wall Street Bailouts
    By James Galbraith, Washington Monthly. Posted March 23, 2009.

    Why the economic crisis, and its solution, are bigger than anyone has so far admitted.”

    http://www.alternet.org/workplace/132849/this_crisis_is_way_bigger_than_dead_banks_and_wall_street_bailouts/

    Below was my comment:

    “So far Mr.Galbraith is the only economist who dares to expose the reality.
    I do not believe that the Obama’s economic team could possibly fail to see the underlying causes of the present crisis and the kind of economic policy that would be required in dealing with them. The only way they could justify the largest transfer of taxpayer funds to the people who are responsible for the crises that we face today is to explain it as a liquidity problem, just like the way they justified the previous bailouts .

    However, unlike the1930s, Americans today are burdened with extensive debt.
    As Mr. Galbraith points out, during the last depression factories that previously produced the goods were still there, but idle. What was lacking was the demand for the products that they produced. Roosevelt’s stimulus plan, at least, produced a partial recovery. Today, unfortunately, those factories are no longer here; we have eliminated them and shipped the good paying jobs abroad. Therefore, any increase in demand will only restart the collapsed container shipping traffic. We cannot recover even in 20 years unless we again produce all the goods that we consume in this country. (In the 50s we hardly imported anything from abroad). Otherwise, it will take even longer to rely on new industries to create well paying jobs at a massive scale in new energy and dealing with global warming.

    Finally, unlike 1930s (when we were the biggest creditor nation on earth), we now own the largest foreign debt on the planet. While countries such as China will be investing their massive foreign exchange reserves in their infrastructure such as high speed rail and advanced subway systems, whereby creating well paying jobs so that their massive export industries will be operating in full capacity again, however this time they will satisfy their internal demand. They surely will not be buying our treasury bills to provide the funds that we will need for our giant stimulus spending. We will be left with massive quantitative easing that at some point will result in runaway inflation and become a major obstacle to the economic expansion that would be necessary to pull us out of the depression.”

  3. Doug Gerash

    I like the term gnomes. But, I also like Shakespear’s word, “knaves.”

    Enjoyed reading an intelligent, astute website.

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