Alan Grayson on Large Financial Institutions: Who will say ‘enough is enough’?
investment companies
Rep. Alan Grayson asks a group of witnesses representing parts of the hedge fund industry what the rules should be to prevent large financial institutions from threatening the financial system. The witnesses at this hearing are as follows: The Financial Services Subcommittee on Capital Markets held a hearing on Hedge Fund Registration on May 7, 2009 at 11am. The witnesses were: * Mr. Todd Groome, Chairman, Alternative Investment Management Association * The Honorable Richard H. Baker, President, Managed Funds Association * Mr. James S. Chanos, Chairman, Coalition of Private Investment Companies * Ms. Orice Williams, Director, Financial Markets and Community Investment Team, Government Accountability Office *Mr. Britt Harris, Chief Investment Officer, Teacher Retirement System of Texas The hearing charter and archived webcast is here: www.house.gov
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#2 written by plusaf 1 year ago
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#4 written by PerrrfictKats 1 year ago
People you should know that everyone who sits on Obama,s Cabinet are all the BuilderBerge Group and they are trying to destroy the banking system here and worldwide so they can get the banks on their Amero or into THEIR One World BANKing system which they will control.You should watch “THE OBAMA DECEPTION” on You-Tube, the full lenght version, Alex Jones is RIGHT_ON to him!
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#5 written by PerrrfictKats 1 year ago
This Group needs to be weeded out of the U.S. goverment and local goverments as too many have infiltrated both the DEM/REP parties. THE CANIDATES from BOTH parties last election were BOTH BuilderBurge Group people! The Americans that sit with this Group are traitors to their own countrymen; a bunch of Benedict Arnolds! The worst part is the media blackout so the public ever hears of what P-Bo,s really up to. The States need to throw every legal monkey wrench they can find and tie his ability to:
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#6 written by PerrrfictKats 1 year ago
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#7 written by PerrrfictKats 1 year ago
This explains why P-Bo,s cabinet is SPENDING money like a drunken salior. He WANTS to BANKRUPT the COUNTRY!! Thomas Jefferson wrote:” I believe that banking institutions are more dangerous to our liberties than standing armies.If the American people ever allow private banks to control the issue of their currency,first by inflation, then by deflation, the banks and corperations that grow up around the banks will deprive the people of all property untill their children wakeup homeless on the:
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#8 written by PerrrfictKats 1 year ago
continent their fathers conquered. The issueing power should be taken from the banks and restored to the people, to whom it properly belongs..” Thomas Jefferson letter to the Secretary of the Treasury Albert Gallatin [1802] The BBG is for global controll of banks, corparations, insurance companies and they filtrate goverments to seize control of their countys assets and properties. Think: ROBBER BARONS, and WE are the SERFS!
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#9 written by PerrrfictKats 1 year ago
These Benedict Arnolds in goverment as members of the BBG are guilty of sedition and treason against the American people the Constition, for giving this country away to foreign interests for personal gain. And when this all blows over, they should be CHARGED as such, given a Hemp Necktie and hanged on a scaffold at the closest Navey yard in Washington.
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#11 written by PerrrfictKats 1 year ago
Ben Bernake and Alan Greenspan are BOTH BuilderBurge Members serving for the past 4 Presidencys, and THEY are manipulating the globel economy artifisually to take legit money out of 401ks. It is rumored they will build up the enconomy, and then deflate it and take the remaining monies out of 401 and savings, that you havent yet lost. Remember what Thomas Jefferson said….
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#16 written by plusaf 1 year ago
Alan Grayson…. turn the telescope around… look through the other end… the “right answer” just might BE to NOT do anything!!!
an example is LTCM… they went bankrupt and how long did it take for the overall market to “recover” from their “disaster”?
the right question is: Do we NEED a SYSTEM to bar an institution, and that’s why there’s no good answer to your repeated questioning.
your assumption that “something must be done” may not be valit at all, but it’s not being examined!
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#17 written by MarcusCMarcellus 1 year ago
What incredible arrogance and double-talk. LTCM should have been allowed to fail; that would have given against over-leveraging. Instead, Greenspan bailed them out, bailed out everyone, and privatized the reward and socialized the risk. Fact is currency crisis ARE foreseeable: they have been occurring for 1000 years. The Rubble crisis was missed by LTCM because they were so damn arrogant and over-invested in their abstract, untested model based on the Black-Shoals formula to price options.
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#18 written by m3taLB1Rd 1 year ago
“A mosaic of risk”
amazing answers from the most incompetent.
I am very willing to say enough is enough as a citizen of the united states.
These videos are bothering me to a point that I really do not trust these people as handling my money anymore.
It would be nice if they labeled every one of these gentleman and had a banner underneath of what bank they represent, so they can be promptly fired.
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#20 written by cmfluteguy 1 year ago
No private bank should be allowed to risk our collective capital. It should only allowed to be risked by those who actually create value here in America, for example innovators and manufacturers. Now that the banks are not loaning to innovators, we need public banks who loan with no interest to our innovators.
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#21 written by m3taLB1Rd 1 year ago
Well, Im not one to say who will loan someone money based on the ridiculous formula they have, but I will say that our country has been running off steam of old crap technology for long enough. I guess if it aint broke dont fix it. But, something is definately broke here, and it seems noone wants to step up and take control of our country.
Seems they all want to play stupid while the dollars are hot, and juicy, and then scandal thier billions right back to where it came from…… US.
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Call and write your Congressman or Congresswoman & request that they co-sponsor H.R. 1207 to “Audit the Federal Reserve”…it’s Ron Paul’s “Federal Reserve Transparency Act of 2009″. We need this bill to pass! right on ! spread the news