The problem with the Senate Goldman Sachs hearing that occurred on Capitol Hill today is that it was all for show. The senators who questioned these fat cat, cigar-chomping, limp-dicked fuckwads spent the day dipping in and out of the proceedings, which began at 10 AM and continued on into the night. They, no doubt, had their pictures taken many times over so that they’ll appear in all of their local newspapers. And the perception will be: look who stood up against the financial institutions that caused the worst financial crisis since the Great Depression and so many Americans to lose their jobs. This hearing with Goldman Sachs quite conveniently was taking place as Democrats and Republicans on the Hill tried to work together to bring the Dodd financial reform bill to the floor of the Senate.
What is really happening here, Friends of Freemont, is just another wink, wink, nod, nod by those people who are in power in this country. The play’s the thing here. And, as we sit back in the crowd with our heads resting between Ophelia’s legs, we need to keep our minds on country matters. Financial reform legislation is politically popular at the moment and both the Democrats and the Republicans are looking to score some approval points with it. So, they’ll put on a show for us. And they’ll try to work together. And there may even be some headway made on actual finance reform. But, really, all it is that any of these people want to do is stay in power and to do that they need to get credit for something. I find it very telling, for instance, that the last sentence of the first paragraph of Senator Carl Levin’s Wikipedia page now reads: In 2010, Senator Levin served as Chairman for the interrogations of the senior partners of Goldman Sachs Group Inc. relating to the SEC fraud accusations straining the latter.
As I said in my below blog, Senator Levin’s line of questioning was absolutely hilariously bold and spoke to the root of the problem of financial greed. But I’m just not willing to believe that the government is doing enough to protect the American people from these fat cats. That’s because no matter who is in office, be it George W. Bush or Barack Obama, the White House will always be tied to the financial sector because it is the basis for our economy—an economy that needs to perform on a global scale. The unfortunate reality of this modern day capitalism is that the rich get richer as the poor get poorer. And those in power just dangle enough bullshit in front of our eyes so that we’ll stay quiet and get up the next morning.
After all these Goldman Sachs hearings are said and done, no one from the company will go to jail and I highly doubt any of their executives will receive anything more than a slap on the wrist. Their jobs will remain intact. And their young wives will blow them before they go to sleep at night. And all these big banks—they will be preserved in their conglomerate state.
So, the best advice that I can give to you is to continue to be aware of the black beast of corruption that preys upon the people of this nation. Don’t expect too much out of politicians, but expect less out of Wall Street. Because politicians, at least, need to answer to the American people. But those Wall Street fat cats only really need to answer questions when they pertain to the continued glutinous expansion of themselves.
- FB
