Tag: TARP

Last Word: Former Sen. Blanche Lincoln (D., Arkansas)

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Former Senator Blanche Lincoln appeared on C-Span Washington Journal on July 1, 2011 when she received a call from Arrowflinger Al, who posed blunt questions about the loss of the Rule of Law and basic honesty at the hands of the bankers, accountants, and politicians.

Since this interview, the world financial crisis has worsened, with Europe in danger of collapse and the M.F. Global bankruptcy bringing the terrible consequences of the CFMA discussed here home to roost from sea to shining sea. Meanwhile, the Fed’s $trillions in toxic assets continues to rot as there are not enough lawyers, accountants, and auditors on earth to remediate the damage.

Here is the C-Span Washington Journal interview.

https://www.c-span.org/video/?300314-5/debt-ceiling-negotiations#

Last Word 012212A: Rep. Tim Huelskamp (R., Kansas) on M.F. Global

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The Arrowflinger catches up with Rep. Tim Huelskamp, R. KS on the Washington Journal of December 8, 2011. The Congressman expected to talk about the M.F. Global scandal, but got a surprise request. After a host of simply stunning and outrageous banking frauds, near and far, the notion of the NDAA applying to a frugal saver had Al ready to reenact Custer’s Last Stand.

At this posting, people’s cash accounts with M.F. Global, a primary dealer in the Federal Reserve system with a fiduciary duty as a Treasury bond marketeer, were still unaccounted for. This joins myriad failures to prosecute the bankers responsible. Customers’ gold in M.F. Global vaults was attached by the bankruptcy trustee, who made no discernment as to ownership. Georgia was number one or number 2 in mortgage fraud for five years running. Instead of cracking down on criminals, the last thing needed in the good old USA was loss of the Bill of Rights for the honest, frugal saver.

Here is the C-Span clip of the call from the ArrowFlinger.

https://www.c-span.org/video/?303079-5/representative-tim-huelskamp-congressional-agenda