This letter is a call to (electronic) arms on Patriots' Day.
Mr. President, please show the American people the AIG emails.
In the wake of the disclosures associated with Friday's government fraud accusations against Goldman, Sachs & Co., one of our nation's wealthiest, largest and most politically well-connected banks, it is inexcusable the U.S. government still refuses to release the thousands of emails that exist between AIG and Goldman Sachs.
Unlike the Icelandic volcano, this was no natural disaster. Trillions of dollars have been defrauded from the U.S. taxpayer by a banking scam run by the top 1% of our country.
The mark for this con game has been and continues to be every teacher, cop, firefighter, nurse, conservative saver, small investor, student and retiree. People whose pensions, homes, jobs and monthly retirement stipends have been and continue to be deprived -- so these people can use our government to transfer money from your work to themselves.
We also know that the same people responsible for this failed system are STILL RUNNING IT, leaving obvious conflicts of interest everywhere you turn.
But the American people still have one tremendous ally in not letting them get away with the fraud -- a SEC law that forces these companies to keep records of all of their communications coupled with the most sophisticated, extraordinary ability to use 21st century technology to quickly harvest relevant information out of billions of pieces of data.
And even by barely scratching the surface, this is what we already find:
A Goldman Sachs vice president accused of fraud, writing "more and more leverage in the system, The whole building is about to collapse anytime now..."
An S&P ratings agent saying "Let's hope we are all wealthy and retired by the time this house of cards falters."
Our government is in a position to grant access to a vast pool of information that could answer so many questions about why all our money was taken. But flush with money from these potentially fraudulent institutions, politicians have systematically gutted the very people charged with investigating these crimes.
As a final insult, they provide 23.7 trillion in direct and implied support for these bankers to keep bonusing themselves billions, yet offer a paltry 0.0000003% of that amount to investigate how this incredibly un-American event happened in the first place.
To add insult to injury, we the people now OWN the company at the center of much of the alleged fraud. Currently, you, the U.S. taxpayer, own 80 percent of AIG and there are now 5 people who represent us as trustees at the company.
Please Mr. President,
Show the American people the AIG emails. Many are suffering, our young are without work, our middle class is stuck in houses they can't sell, making it impossible to move to new jobs for the future of our country, and our retirees who, at their most vulnerable, find the custodians of their life savings as either crooks or suckers for the bankster scams.
As our president, you are in charge of AIG. That means that without even a court order, the American people can see every email and it is long past due for you to release those 10 years of AIG emails to the people.
Today, in honor of our ongoing fight against tyranny, let's send a plea to all our elected officials, Treasury Secretary and president to fulfill their custodial obligation to those they represent and show the American people the AIG emails.
And just to prove a point, look into your old email files and find some innocuous email from the past 10 years to attach to the bottom... perhaps if we show them ours, they will show us theirs.
Here is how to do it:
Your Representative http://www.house.gov/
Your Senator http://www.senate.gov/general/contact_information/senators_cfm.cfm
Treasury Secretary Timothy Geithner
Follow Dylan Ratigan on Twitter: www.twitter.com/DylanRatigan
To put out the flames, the government has focused on health insurance reform, financial reform, gun law reform and illegal immigration enforcement. But, where is the jobs bill everybody is expecting? DOA? The people have been lost in the shuffle.
These guys are financial terrorists and their actions are treasonous to our country. They wiped out our country's financial underpinnings intentionally and they've bragged about making a killing before it blew up. It's blatantly corrupt and unless we get those e-mails people won't trust our country's financial system ever again, period.
Together, Washington and Wall Street screwed the American People. Now the spineless politicians are blaming their spouse ( wall st. ) for the crisis. There will not be a divorce for the two need each other. However, there will be a financial settlement and when it comes to paying up, the Americans without access to the Whitehouse will be asked to pay. Not directly, but indirectly , as soon as the financial wizards figure out how to separate you from your savings without you knowing it.
Economic terrorism?
The rating agencies gave AIG and their faulty credit default swaps a triple A rating. But as we all know AIG sold trillions of dollars worth of swaps that were worthless. Goldman Sachs and the rest of the free world relied on the ratings these agencies gave to them. Had the swaps worked as they were supposed to we neve would have had the financial meltdown.
Why didn' the rating agencies not do the job they were supposed to do? Because there was no incentive to do so. The government had given only a handful of agencies the monopoly on doing the rating. Goldman Sachs and everyone else had no choice but to use them under the dictates of government regulation.
So, there was NO free market in rating agencies. In any other industry, if a supplier doesn't provide you with a satisfactory product, you go to someone else who will. That couldn't happen here.
Bottom line: government is culpable.
"Without those ratings they wouldn't have sold a thing."
Precisely the point!
Nothing could be sold without the rating of the CDOs. And the government decreed only a handful of "Nationally Recognized Statistical Rating Organisations" that had the right to do the rating.
Tell me, David, if you were given the monopoly to provide a certain service, how motivated would you be to do the best possible job if you didn't have any competitors looking over your shoulder to take away your business?
There is no need to do due diligence when the US gov't is standing behind your investment. ( implied warranty )
But they still have to fly according to FAA regulations.
i am sure, all 100 have been listening to Dylan.
(too bad, most seem to have no shame............only ego.)
Dylan ROCKS!!!
i ask my friends - look what's happening - why aren't we out in the streets - where is the outrage? and yet, i don't see myself out there either (too busy, too, kind of, comfortable). as the concentration of wealth and power further squeezes into a smaller and smaller % - to dylan's point, look who is being shafted/ruined - the heart of our country and as a byproduct, our soul as well.
we need more msnbc-ers to ring the bell with clarity toward a tipping point of awareness before it's too late... keep up the good work!
They stole America,,,, by planting these rules that helped them take the money and run,,, and from the looks of things are far from being done..