Waiting for the Summer Rain

Reading every word of the 464 page official report.


And after these things I saw another angel come down from heaven, having great power; and the earth was lightened with his glory. 2 And he cried mightily with a strong voice, saying, Babylon the great is fallen, is fallen, and is become the habitation of devils, and the hold of every foul spirit, and a cage of every unclean and hateful bird. 3 For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies.

Revelation 18

The official report claims that the acquisition of Travelers by Citicorp in 1998 was allowed by a “technical exemption” to Glass-Steagall but Citicorp, now Ciitigroup, would have to divest itself of Traveler’s assets. Therefore, Phil Gramm, a foul little toad-eating son of a bitch who hates poor people, got Glass-Steagall repealed. This, the bipartisan report concludes, was a major factor in the entry of Citigroup and other large banks and investment groups into predatory lending in 2003 and securitization in 2005, which caused the crash of 2008.

“21 And a mighty angel took up a stone like a great millstone, and cast it into the sea, saying, Thus with violence shall that great city Babylon be thrown down, and shall be found no more at all. 22 And the voice of harpers, and musicians, and of pipers, and trumpeters, shall be heard no more at all in thee; and no craftsman, of whatsoever craft he be, shall be found any more in thee; and the sound of a millstone shall be heard no more at all in thee; 23 And the light of a candle shall shine no more at all in thee; and the voice of the bridegroom and of the bride shall be heard no more at all in thee: for thy merchants were the great men of the earth; for by thy sorceries were all nations deceived. 24 And in her was found the blood of prophets, and of saints, and of all that were slain upon the earth.”

Edward G. Nilges, “Study for a Dancing Angel”, pencil, 6 Aug 2011

The crisis is metaphysical in scope. Basically, it was the work of evil men. Goldman Sachs’, with no corporate governance, was underwriting and guaranteeing securities it was shorting in another group.

Lloyd Blankfein, the CEO of Goldman Sachs’, is, unlike most of the other thugs responsible, a Democrat and Obama contributor who has apparently bought exemption from prosecution, since President Obama has not kept his promise to appoint a special prosecutor to investigate the 2008 financial crisis.

I hope he, and the larger number of Republicans who committed this heist, will rot in hell.

Not only evil. Just ignorant. For example, when Hank Paulsen forced Lehmann into bankruptcy he did not know that foreign laws for bankruptcy would be activated. In general, foreign laws are stricter: the London office of Lehmann brothers was unable to access any Lehmann assets the morning after the announcement which triggered a world-wide financial crisis that, among many other knock on effects, destroyed the economies of Iceland and Ireland.

(Smashing a shop window and taking an iPod in London sounds pretty minor by comparision.)

(They told us in the Mad Men era that computers would protect us).

“Brigadier General Warren A. Black: The Matador, the Matador… me… me” – Fail Safe, 1964

Paul Tibbets was a mean sonofabitch (for let us not speak falsely now the hour is much too late) who piloted the B-29 that killed millions in Hiroshima. He was never sorry and never had a second thought. I wonder if he’s in Hell, perhaps like the innocent women and children of Hiroshima trying to stop the pain of his burns by jumping into a stinking river.

Each and every government official involved in the financial crisis was a mean sonofabitch except for the whistleblowers. Basically, they have the money while mothers and children uh don’t. They take a deep delight in this fact.

Eliot Spitzer is an ex-politician who’s unelectable owing to a scandal involving a prostitution ring, but his real crime was actively prosecuting mortgage and securities fraud as NY State Attorney General. They destroyed him deliberately.

I think it’s the end, America. Picture what will be so limitless and free.


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