Say what you will about the FCIC but these guys and girls are on top of their shit. They knew when Goldman was trying to pull a fast one on them vis-a-vis sending all of the bank’s emails over the past few years to Washington (as was requested) instead of just the relevant ones, underlined with notes that said stuff like “ooo that, sooooo not legal, you should really nail us to the wall for that” and “hooo boy, can’t believe we got away with that one” and they knew that Bill Thomas would make for riveting TV. And now, they’ve figured out a way to pay back the taxpayers for those bailouts. Continue reading »
Phil Angelides
Financial Crisis Inquiry Commission Devises Genius Plan To Put Tens Of Hundreds In Taxpayers’ Pockets
By Bess Levin
As you may have heard, the Financial Crisis Inquiry Commission is none too pleased with Goldman Sachs. First, the bank didn’t turn over requested documents as quickly as Chairman Phil Angelides and his wingman, vice-Chair Bill Thomas asked for them. Then the slippery little devils dumped twenty million pages on the commission’s asses. Somewhere in that pile of crap is probably the information the FCIC is looking for but Christ on a crutch it’ll be Labor Day before they get through the damn thing! I mean really! Some of us wanted to wrap this up and have that den of sin shut down before the Fourth. You know, so they could enjoy the long weekend without it hanging over their heads. But you know what? No, it’s cool. No one’s gonna get angry here because Goldman Sachs actually did Angelides and Thomas a favor. Because this little stalling tactic can only mean one thing. Continue reading »
It’s fair to say that members of the Financial Crisis Inquiry Commission are pissed as hell at what they think are efforts by Goldman Sachs to ride out their investigation. The commission’s chairman, Phil Angelides, blasted Goldman on a conference call with the media today after announcing the panel had subpoenaed Goldman, sending its shares down.
Apparently, Goldman has been responding to requests for documents by flooding the panel’s 50 staffers with millions of emails and other things, which are mostly bullshit documents that aren’t relevant to the investigation.
“We did not ask them to pull up a dump truck to our offices to dump a bunch of rubbish,” Angelides said on the call. “We’re not going to let the American people be played for chumps here. We should not be forced to play ‘Where’s Waldo’ on behalf of the America people.” Continue reading »
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