Wednesday, January 13, 2010

Wall Street Executives Admit Missteps at Hearing

http://online.wsj.com/article/SB10001424052748704362004575000752756113586.html?mod=WSJ_hpp_LEFTWhatsNewsCollection

The 9/11 commission was a joke, a lie and a cover up all at the same time.
Real intervention needs to happen and the excuse of "We know what we did and we won't do it again" needs to be seen for what it really is.
Manipulated control. "To big to fail" needs to be brought to it's knees and divided up into the individual sum of it's parts.
This man already identifies himself and his industry alongside the importance of God.
Do you really think the enforcement of fair policing of his industry by his own brethren can even exist with that type of attitude?
I think not!
Let's not do things the way we always do and settle for "The excuse" or the apology.
It's time for real accountability and real punishment, not just the accepted payoff without the admission of the fraud or the theft, that these people and their corporate empires have laid before the feet of most of the civilized world.

It's time to call a spade a spade and this should and be seen for exactly what it was, the RAPE and Premeditated MURDER of the world's financial system carried out by those in to big to fail financial institutions that just didn't give a damned over what the consequences of their actions would bring.

Wall Street's biggest banks acted like used-car salesmen knowingly selling lemons to consumers, the head of a commission investigating the financial crisis said Wednesday, as top bank executives came under fire on Capitol Hill.

Former California State Treasurer Phil Angelides kicked off the first of two days of hearings with an aggressive exchange with Goldman Sachs Group Inc. Chairman and Chief Executive Lloyd Blankfein, suggesting the investment bank was not taking responsibility for its actions in the lead up to the crisis.

The bipartisan, 10-member panel was created by Congress to investigate and report on the financial crisis, and Mr. Angelides said the scope of the panel's work should be "similarly thorough" to the 9/11 Commission, which conducted more than a thousand interviews and reviewed millions of pages of documents.