Senator Sanders Blocking Obama Nomination....

[RipTout]

Rightfully so.

Goldman Sachs resembles an elitist group of arrogant pricks....you get the impression they were just a bunch of manipulative bag men for the largest heist (to date) in the world.

Sanders hammers it home....the CDS debacle is unforgivable as is Obamas' constant parade of Goldman Sachboyz trotted out for powerful treasury positions....looks like GS slipped out the backdoor with a bunch of the loot while their competition got bailed out or died.

Senator Sanders Blocking Key Obama Nomination
By Ken Silverstein
http://harpers.org/archive/2009/03/hbc-90004606
I reported back in February on the case of Gary Gensler, the former Goldman Sachs employee and derivatives cheerleader who President Obama nominated to head the Commodity Futures Trading Commission (CFTC). Gensler's nomination sailed through the Senate Agricultural Committee but Senator Bernie Sanders has placed a hold on the nomination (as has a second senator who is as yet unnamed). A statement from Sanders's office said:

While Mr. Gensler is clearly an intelligent and knowledgeable person, I cannot support his nomination. Mr. Gensler worked with Sen. Phil Gramm and Alan Greenspan to exempt credit default swaps from regulation, which led to the collapse of A.I.G. and has resulted in the largest taxpayer bailout in U.S. history. He supported Gramm-Leach-Bliley, which allowed banks like Citigroup to become "too big to fail." He worked to deregulate electronic energy trading, which led to the downfall of Enron and the spike in energy prices. At this moment in our history, we need an independent leader who will help create a new culture in the financial marketplace and move us away from the greed, recklessness and illegal behavior which has caused so much harm to our economy."

Way to stand tall Bernie.