----- From: Scott Bergeson
The Angelides Commission: Tell America what happened Our Future Blog by Robert Borosage "We are pleased that the Financial Crisis Commission is coming together, under the leadership of chair Phil Angelides. It has enormous challenge before it. As Phil suggests in his opening statement, the Commission should aspire to be the modern day version of the Senate Banking Hearings in the 1930s that came to be named after the chief counsel, Ferdinand Pecora. In the 1930s, Wall Street excesses, fraud and speculation helped feed a bubble that burst and contributed to the Great Depression. FDR stepped into save the banks, reorganize them, and stave off financial panic. ... Now once more, Wall Street's crimes and excesses, speculations and frauds have helped drive this economy off a cliff. Government has bailed out the banks and saved them from ruin. ... The Angelides Commission - if it fearlessly lays out the facts, exposes the excesses, the deformed incentives, the frauds and crimes, that are at the root of the current crisis has the potential of playing a similar role to that of Pecora." [editor's note: If Angelides & Co. seek to expose the outright fraud perpetrated in the recent catastrophes, more power to them; if they seek, like Pecora did, only to insulate the gummint from its collusion with these thieves ... may they rot in hell! - SAT] (09/17/09) Read more: http://www.ourfuture.org/blog-entry/2009093817/angelides-commission-tell-america-what-happened RATIONAL REVIEW NEWS DIGEST The Freedom Movement's Daily Newspaper Volume VI, Issue #1,749 Monday, September 21st, 2009 http://www.rationalreview.com/news [email protected] might work. ------------------------------------ --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "ShadowGovernment" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/shadowgovernment -~----------~----~----~----~------~----~------~--~---
