MOOSERIDER magazine: Was Goldman-Sachs a real life form of "Taggart Transcontinental"?

Quotes

"Fascism and communism both promise "social welfare," "social justice," and "fairness" to justify authoritarian means and extensive arbitrary and discretionary governmental powers." - F. A. Hayek"

"Life is a Bungling process and in no way educational." in James M. Cain

Jean Giraudoux who first said, “Only the mediocre are always at their best.”

If you have ten thousand regulations, you destroy all respect for the law. Sir Winston Churchill

"summum ius summa iniuria" ("More laws, more injustice.") Cicero

As Christopher Hitchens once put it, “The essence of tyranny is not iron law; it is capricious law.”

"Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it." Ronald Reagan

"Law is where you buy it." Raymond Chandler

"Why did God make so many damn fools and Democrats?" Clarence Day

"If I feel like feeding squirrels to the nuts, this is the place for it." - Cluny Brown

"Oh, pshaw! When yu' can't have what you choose, yu' just choose what you have." Owen Wister "The Virginian"

Oscar Wilde said about the death scene in Little Nell, you would have to have a heart of stone not to laugh.

Thomas More's definition of government as "a conspiracy of rich men procuring their own commodities under the name and title of a commonwealth.” ~ Winston S. Churchill, A History of the English Speaking Peoples

“Laws are like cobwebs, which may catch small flies, but let wasps and hornets break through.” ~ Jonathon Swift

Thursday, December 15, 2011

Was Goldman-Sachs a real life form of "Taggart Transcontinental"?

The pure form of seamless government-corporate "crony capitalism formerly also known as Liberal-Fascism" was at work here. It even included the now defunct and bankrupt financial side company, MF Global. It even had corporate CEO of Goldman Sachs - turned US Senator - turned NJ Governor - turned MF Global CEO. It seemed to be a who you know rather than a what you know (and are competent of doing anything) scenario that played out in this case, as in so many others, recently.
The strong whiff of corruption lingers in the air, but it hasn't yet been uncovered, nor has $1.2 Billion.
♘

Corzine Gets Served Outside Capitol Hill Hearing - Forbes

Steve Schaefer, Forbes Staff 12-15-11

Former MF Global CEO Jon Corzine was exiting the room during a recess in Thursday’s House Financial Services Committee, when a man attempted to serve him with papers on behalf of one of the firm’s former clients.

CNBC cameras captured a man walking up to Corzine as he exited the hearing room and attempting to serve him with a lawsuit. Corzine told the process server to see his lawyer and kept walking as someone in his party bent over to pick up the documents, which had been put on the ground in the former New Jersey senator and governor’s wake. The network’s Kayla Tausche said the suit is on behalf of a customer who had a $95 million MF Global account, filed in the Southern District of New York.

Earlier during Thursday’s hearing, Corzine reiterated that he never authorized the misuse of customer money, never intended to do so and never said anything that could have been misconstrued to those ends.

-read on at links-

MF Global Files For Bankruptcy As Corzine's Grand Plan Fails