As we move on from the results of the 2008 presidential election, Imagine A Great Election will continue to monitor President-elect Barack Obama and his transition team. Our analysis will be issue-driven.
When the new president is sworn into office in January, we will launch ImagineAGreatCountry.com. Imagine A Great Country will analyze the same issues of top importance to American voters and will encourage readers to continue to contact their elected representatives and the media on such critical matters.
We cannot afford to wait four years to express our informed opinions on issues that impact us every day. Witness the mounting evidence that the unbridled greed of Wall Street and Corporate America knows no bounds:
Goldman Sachs urged bets against California bonds it helped sell
Los Angeles Times, November 11, 2008
In essence, while Goldman Sachs’ former CEO, current Secretary of Treasury Henry Paulson, and his hand-picked former Goldman Sachs henchmen are distributing nearly a trillion dollars to Goldman Sachs to bailout the likes of Goldman Sachs, Goldman Sachs is advising its big investors to sell municipal bonds short. These are the same bonds from which they profit by selling.
It is noteworthy that Goldman Sachs and MS convinced the Securities Exchange Commission that their (and any other) financial institutions could not be sold short until they were bailed out. Yet Goldman Sachs continues to sell America short in every conceivable way. These same financial institutions are spending taxpayer dollars as we speak to lobbyists at state and national levels to ensure that they can continue to steal from the American people.
What is enough for these people? How can it continue for even one more hour? We may all rest assured that such greed is not isolated to California and Goldman Sachs.
AIG demands and receives 40 billion more taxpayer dollars while they continue to party on
ABC News, November 10, 2008
AIG was caught partying after the initial bailout. Candidate Obama said then that the people responsible ought to be fired. It is clear these people do not understand the plight of the American people. Why should they? The top management (or should they be called “the top mismanagement”?) do not feel any pain.
This is our opinion. To voice your opinion, contact your representatives, the leadership of both parties, and members of the committees that ought to be exercising oversight in Congress. Also contact Secretary of Treasury Henry Paulson and the President of the United States to make your voice heard.
—Sherry Seiber
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