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Government Is Trying to Make Bailouts for the Giant Banks PERMANENT
Washington’s Blog
Thursday, Oct 29th, 2009
On September 25th, I wrote:
Paul Volcker and senior Harvard economist Jeffrey Miron both testified to Congress this week that the government is trying to make bailouts for the giant banks permanent.
Writing Wednesday in The Hill, Congressman Brad Sherman pointed out that :
In my opinion, Geithner’s proposal is “TARP on steroids.” Section 1204 of the proposal [the proposal being the "Resolution Authority for Large, Interconnected Financial Companies Act of 2009"] allows the executive branch to use taxpayer money to make loans to, or invest in, the largest financial institutions to avoid a systemic risk to the economy.
Geithner’s proposal reminds me of the Troubled Asset Relief Program (TARP), the $700 billion Wall Street bailout adopted last year, but the TARP was limited to two years, and to a maximum of $700 billion. Section 1204 is unlimited in dollar amount and is a permanent grant of power to the executive branch. TARP contained some limits on executive compensation and an array of special oversight authorities. Section 1204 contains absolutely no limits on executive compensation and no special oversight.
When I asked Geithner whether he would accept a $1 trillion limit on the new bailout authority (if the executive branch wanted to spend more, it would have to come back to Congress), he rejected a $1 trillion limit, insisting that the executive branch be able to respond without coming back to Congress.Both TARP and the Treasury proposal have vague provisions under which taxpayers might possibly recover any money lost through a special tax on the financial services industry. Under the Treasury proposal, only the very largest institutions could benefit from a bailout, but the special tax, if ever collected, would fall chiefly on medium-sized institutions.
Thus, the medium-sized institutions will be at a competitive disadvantage for two reasons. First, the largest institutions will be able to borrow money more cheaply because their creditors will believe that if the institution is unable to pay, the taxpayers will. Second, if there ever is a bailout benefitting a very large financial institution, the tax will be imposed on the medium-sized institutions.
Sherman is a senior member of the House Financial Services Committee and a certified public accountant, so he has a good nose for analyzing proposed financial regulations.
Last week, Sherman made the following comments to the Washington Independent regarding Congress’ proposed bill on the too big to fails:
That is a huge gravy train to the top 20 [financial institutions] because it allows them to borrow money at a lower rate. Think of what this does to moral hazard.
I’m not looking for a TARP on steroids with oversight. I’m looking for an end of TARP.
The House Committee on Financial Services will hold a hearing on the bill tomorrow, with Tim Geithner, Sheila Bair, John C. Dugan (Comptroller of the Currency), Daniel K. Tarullo (Governor, Board of Governors of the Federal Reserve System), John E. Bowman (Acting Director, Office of Thrift Supervision), Richard Trumka (President, AFLCIO), and others as witnesses.
As the Washington Independent points out, Sherman is going to try to take Tarp off of steroids:
Sherman said he intends to offer a series of amendments addressing the issue during the Financial Services panel’s markup of the bill, which has yet to be scheduled. Included will be a provision to cap the president’s bailout authority at $1 trillion, and another to strip out the resolution authority language entirely. A potential third proposal — to create an oversight panel like that monitoring TARP funds — is one he’s leaning against.
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October 29th, 2009 at 5:08 am
These thieving bankers are drooling to rob us again and again, over and over, it worked before, so they figure we dont care, and will never get their hands out of our pockets. I have no respect for govt. they are worse than the criminals they lock up daily, for at least petty thieves do their time, these coward, criminals will never see a day in jail for their theft!
Wez the Aussie Reply:
October 29th, 2009 at 5:39 am
That has always fascinated me. When someone drink drives or writes a phony cheque, the public scream to have them gaoled. When the Government invades another country and commits a War Crime, the politicians responsible are given medals. It just leaves me speechless.
delboy Reply:
October 29th, 2009 at 6:56 am
Too true. These things only come to pass because we let them.
CREMATION OF CARE Reply:
October 29th, 2009 at 8:37 am
WE ARE THE BANKERS AND WE DON’T CARE. HENCE THE EFFIGY THAT LETS OUT A SCREAM THAT WE DON’T CARE ABOUT. YOURS SCREAMS ARE LIKE THE SOUND OF CASH REGISTERS OPENING AND DOLLARS FLYING OUT INTO OUR POCKETS.
WE DON’T CARE
WE DON’T CARE
WE DON’T CARE
GET A CLUE
Beavis Reply:
October 29th, 2009 at 9:37 am
Wasn’t this Volker guy the dude that ‘disappeared’ millions of Iraqi Aid ? Courtesy of you the taxpayer of course. Haven’t people got short memories?
Stuntman Mike Reply:
October 29th, 2009 at 7:41 am
Nothing’s changed (”yes we can”)…
Give ‘em an inch and they’ll take a mile.
(click my name for protest tunes)
its all planned Reply:
October 29th, 2009 at 10:29 am
red..red…red…red…red..red…red…red…”hup two…hup two…hup two… ”
how much more will we take????
October 29th, 2009 at 5:10 am
GREAT WAY TO BANKRUPT THE U.S. ……. WE CAN NOW HAVE THE CHINESE OWN 1/2
OF THIS COUNTRY AND HAVE THIS COUNTRY SOLD TO N.W.O. WITH
NO SHOTS FIRED.
u ain't seen nothing yet Reply:
October 29th, 2009 at 6:47 am
That’s the whole idea, “Bankruptcy”. Once they have the taxpayers saddled with a debt
that will collapse us, You better watch out for the bigger hammer to drop. The s--- will not
only hit the fan, it will splatter like nothing we’ve never seen before.
There has already been a shot fired. It occurred in Nov. 1963 in Dallas which created the
great Coup d etat of all time.
We’ve already have seen record number home foreclosures, the commercial real estate
is next. And who gets property ownership after foreclosures, the banks on wall st.
Who’s getting all the money, the same banks.
As soon as the dollar is devalued down to an unsustainable level, these bastards would
have already exchanged their dollars to the new Amero, and hand over all the stolen
property to the Chinese as collateral.
By the time all is said and done Joe Blow Peon will scratch his head and say
“What the f--- happened”.
its all planned Reply:
October 29th, 2009 at 10:40 am
u aint seen nothin yet, says we aint seen nothin yet…I bet if they get their NWO program established,the underbelly black market rebellion will destroy it from within. Some americans have been brought up to hate communism and will never swallow it. It will only create a huge underground movement of insurrection. Under the table dealings and rife corruption will flourish. Its true, “Theres more of us than there are of them. ..” martial law is a necessary ingredient to enforce a totalitiarian regieme.
Hmm Reply:
October 29th, 2009 at 8:39 am
“no shots fired”, aye? We’re in 2 wars dontcha know?
October 29th, 2009 at 5:12 am
Let the looting continue said one thief to another. Our “leaders” are bought and paid for and it is getting pretty obvious.
October 29th, 2009 at 5:12 am
AHAHAHAH AHAHAH
NO !!!!!!!!!!!!!!!!!!!!! YOU DON’T SAY !!!!!!!!!!!!!!!!
REALLLY !!!!!!!!!!!!!!!!!!!
AHAHAHHA
TOOOO f---EN HILARIOUS
DO TELL ME WHEN HAVE “ROBBERBARONS MASS MURDERERS AND THIEVE PRIVATE CORPORATE GOVERNMENTS NOT DONE THIS !!!!!!!!!!????????????????
AHAHHAHAHAH
AHAHHAHAH
CARRY ON SUCKING UP TO THE JEWVATICAN ROTSCHILD ROBBERBARONS MURDERERS AND THIEVES !!!!!!!!!!!!
AHAHHAHA FALLS OFF THE CHAIR LAUGHING !!!!!!!!!!!!!!!
AHAHAHAHAH
OHHH THEM SUCH NICE PEOPLE, THEM SPECIIAL PEOPLE!!!!!!!!!!!!!!!!!!!
AHAHHAHAHAH
October 29th, 2009 at 5:25 am
Partisan Politics Favoring the Privileged
Privilege always counted most from the time the nation was founded. The prevailing fiction then and now is an egalitarian country “free from the extremes of want and wealth that characterized (18th century) Europe” and most parts of the world today. It was as untrue then as now with wealthy 18th century colonialists having vast disproportional land holdings and control of banking, commerce and industry, such as it was back then.
These “wealthy and powerful ‘gentlemen,’ our founding fathers,” gathered in 1787 in the same Philadelphia State House where the Declaration of Independence was signed 11 years earlier. They came to draft a Constitution intended to last into “remote futurity” for their interests alone. Democracy for the many was not on the table in 1787.
Yet, they nominally managed to include unimaginable freedoms, up to that time, in the Bill of Rights ratified in 1791. They gave people the rights of free expression, religion, peaceable assembly, protection from illegal searches and seizures, due process and more even though it only got done through compromise after these ideas were twice rejected earlier. The delegates finally agreed out of necessity to get their document ratified and avoid a second convention some states wanted. To do it, they had to win over dissenting state representatives who wanted Bill of Rights protections for their own propertied interests.
They weren’t added to the Constitution as a democratic gesture to “the people” who were nowhere in sight then or henceforth. As history later showed repeatedly, the entire Constitution was flawed from the start as governments, then and later, freely and willfully ignored and set aside these less than inviolate freedoms as Presidents Adams, Lincoln, Wilson, Johnson, Nixon, George W. Bush, and many others easily were able to do and often did.
Overall, “the Constitution was consciously designed as a conservative document” the way the framers wanted it to be. They achieved their aims with provisions in it, or omitted by intent, to “resist the pressure of popular tides” and protect “a rising bourgeoisie(’s)” freedom to “invest, speculate, trade, and accumulate wealth” the way things work for capital interests today. It was to codify the law to let the country be run the way politician, jurist and nation’s first Chief Supreme Court justice, John Jay, said it should be – for “The people who own the country….to run it (for their benefit alone).”
Benjamin Franklin was reportedly asked at the end of the Constitutional Convention whether the 55 attending delegates created a monarchy or republic. He responded “A republic, if you can keep it” without acknowledging notions of an egalitarian nation were stillborn at its birth. It was true then and now in spite of all the pretense contrived to portray an idealized society, in fact, always out of reach for most in it.
This is Parenti’s dominant theme – of a government, since inception, serving the privileged few at the expense of the neglected or exploited many. That’s hardly a textbook definition of democracy, yet it’s the model one we’re taught to believe we have serving everyone equally. Parenti says his book is intended to show how vital it is for everyone to critically examine our society as a step toward improving it. He stresses a nation’s greatness is measured by its freedom from “poverty, racism, sexism, exploitation, imperialism….environmental devastation,” and a fundamental opposition to war and pursuit of peace everywhere. Benjamin Franklin also said “There never was a good war or bad peace,” a notion unimaginable to our leaders today.
michael parenti …democracy for the few !!!!!!!!!!!!
so tell me when did this not happen ????????????
October 29th, 2009 at 5:28 am
Wealth and Want in the United States Getting More Extreme
Parenti distinguishes between society’s owner and worker classes with the latter paid much less than the value they create. He calls corporations “organizational devices” to exploit labor and accumulate capital with working people being society’s real producers. Publicly owned corporations are the dominant institution of our time existing for one purpose only, mandated by law – to maximize the value of shareholders’ equity by increasing sales and profits, securing new markets, and continuing to grow in size and dominance or be left behind. Their success is measured by their concentrated, virtual-monopoly size today. Of the world’s 100 largest economies, 51 are corporations, more US-based ones than from any other country. Noam Chomsky calls them “private tyrannies.”
They’re run by wealthy and powerful figures comprising, along with other elites, the top 1% of the nation’s affluent. Today they own 40 – 50% of the country’s wealth in the form of stocks, bonds, land, natural resources, business assets and other investments. In contrast, 90% of American families have little or no net worth after mortgage and other debt burdens are taken into account. Parenti stresses America has the highest level of inequality of all developed nations, the country is rigidly structured by class, and most people die in the same class they were born into. It debunks the notion of “a land of opportunity” for everyone.
It’s for CEOs who are practically deified in today’s business press. They’re hugely over-paid powerful figures gaining wealth at the expense of their rank and file. In 1965, they earned, on average, 24 times more than workers, in 1973 it was 45 times, in 1990 85 times, and in 2004 an astonishing 431 times as the disparity in wealth continues growing to levels economist Paul Krugman calls “unprecedented.” In the last generation, worker productivity grew, but wages didn’t keep up with inflation, and essential benefits declined and are disappearing. Corporations rely on downsizing and offshoring manufacturing and other high-paying jobs to cheap labor markets to reduce costs and raise profits. They maintain lean labor forces, rely heavily on part-time workers, are hostile to unions, and achieve the benefits of a huge reserve army of unemployed or underemployed to contain wage pressures.
Working people suffer the effects. Since 1999, consumer debt grew at twice the rate of their income, millions live in poverty, many more millions just above it, far more still have inadequate or no health insurance or other safety net protections, and defenseless children and single mothers (many black and other minorities) suffer most. Parenti sums up America’s dark side, unreported in the mainstream. Our nation “squanders our national resources, exploits and underpays our labor, and creates privation and desperate social needs serving the few” at the expense of the many. It mocks the notion of a egalitarian democratic society serving all its people and shames the nation for unjustifyably claiming it.
michael parenti …democracy for the few !!!!!!!!!!!
DO TELL ME WHEN THIS HAS NOT HAPPENED ???????????????
AHAHHAHA OHHH THEM SUCH NICE AND SPECIAL PEOPLE
GO VOTE !!!!!!!!!!!!!!!!!!!!!!!!! THEM PEOPLE ARE SOOO NICE, THEY LOVE YOU !!!!!!!!!!!!!!!!
AHAHAHHAHA
October 29th, 2009 at 5:29 am
http://www.KeepTheTruthAlive.com
October 29th, 2009 at 6:11 am
Our Plutocratic Culture Defiles Our Nominal Democracy
Parenti stresses America is a plutocracy, run predominantly by hugely affluent business people in industry and commerce, the dominant media as well as others in academia, entertainment, the clergy, and private foundations and charities. They spread the false gospel that “capitalism breeds democracy and prosperity” ignoring how democratic freedoms are incompatible with acquisitive corporate free-enterprise thriving on the exploitation of the majority everywhere.
Parenti asks “What about (forgotten) values relating to justice, health, occupational and consumer safety, regard for future generations, and accountability in government” along with concern for the environment, an educated and informed citizenry, affordable housing, worker rights, and peace on earth and an end to wars and conflict. In a “capitalist democracy,” we’re on our own, able to have anything if we can pay for it. The result is an enormous growing disparity between haves and have-nots and an uncaring government unwilling to help the ones in greatest need. That’s “The Other America” Michael Harrington wrote about 45 years ago that aroused John Kennedy’s concern in ways unimaginable in today’s age of greed and imperial arrogance.
A Constitution for the Privileged Few Alone
The origins of republican America were addressed above – to create a nominally democratic government Adam Smith said should be “instituted for the defense of the rich against the poor.” The nation’s founders achieved mightily, handing down their legacy to succeeding generations of leaders always mindful of who gave them power and who they had to serve. At the nation’s birth, only adult white male property owners could vote; blacks were commodities, not people; and women were childbearing and homemaking appendages of their husbands.
Religious prerequisites existed until 1810, and all adult white males couldn’t vote until property and tax requirements were dropped in 1850. States elected senators until the 17th amendment in 1913 gave citizen voters that right, and Native Americans had no franchise in their own land until the 1924 Indian Citizenship Act gave them back what no one had the right to take away in the first place. Women’s suffrage wasn’t achieved until the 19th Amendment passed in 1920 after nearly 100 years of struggling for it.
The 1865 13th Amendment freed black slaves, the 1870 15th Amendment gave them the right to vote, but it wasn’t until passage of the landmark Civil and Voting Rights Acts in the mid-1960s, abolishing Southern Jim Crow laws, that blacks could vote, in fact, like the Constitution said they could decades earlier. Today those rights are gravely weakened for all through unfair laws still in force and a nation growing more repressive and less responsive to the needs of ordinary working people and the nation’s least advantaged. The limited high-water mark of Lyndon Johnson’s Great Society has steadily eroded since in loss of civil liberties and essential social benefits.
cold dead hands Reply:
October 29th, 2009 at 7:08 am
And the 14 amendment put us all under their control. You changed you political status and are under their rules their laws but they don’t want you to know how they got you under their political control. The 13 Amendment was like the horse before the buggy.
October 29th, 2009 at 6:12 am
The damn banks. Now we know for sure that they will be subsidised for life.
The bonus structure must be shattered. It was always going to happen anyway. Now the job must be finished off.
October 29th, 2009 at 6:26 am
Rise of the Corporate State that Rules Our Lives and the World
Parenti explains how, contrary to popular view, the history of America was marked by “violent class struggles, with the government” siding with “big business.” Native peoples were slaughtered for their land and resources, large landowners and corporations exploited slave labor, and limited labor rights were only won through pain and struggle. Government always sided with business interests “gorg(ing) themselves at the public trough, battening on such government handouts and protections as tariffs, subsidies, land grants, and government contracts.” Along the way, the public got pathetically little.
Governments also handed down friendly legislation and court decisions favoring wealth and power over ordinary people consigned to low wages, few or no benefits, unemployment, unsafe work conditions, child labor, poverty, and few of the rights democratic states are supposed to afford but don’t in America. It hardly mattered who was president, Democrat or Republican, Teddy Roosevelt or Woodrow Wilson, William Howard Taft or Calvin Coolidge. “Silent Cal” belied his reticence proclaiming what all presidents swear allegiance to – that “The business of America is business,” and government officials, chief executives and others in high places better not forget it.
They never did, even during Franklin Roosevelt’s New Deal, “an era commonly believed to have brought great transformations on behalf of (what FDR called) ‘the forgotten man.’ ” Roosevelt was a patrician allied with business interests trying to save capitalism in America from meeting the same fate as in Czarist Russia in 1917. That was job one, and giving a little to save the system was a small price to pay.
It showed in the National Recovery Act (NRA) benefitting corporations by restricting production and setting minimum price requirements. “The federal housing program subsidized construction firms and loan insurance for mortgage bankers.” Price supports and production cutbacks advantaged corporate agriculture. Only faced with mass unrest were relief programs created to relieve human need. So some real democratic gains were achieved, most notably essential social welfare legislation. Key but short-lived was the passage of the landmark Wagner Act in 1935 establishing the National Labor Relations Board (NLRB). It gave labor the right to bargain collectively on equal terms with management for the first time ever, an achievement the repressive 1947 Taft-Hartley Act began undoing that’s now lost altogether.
Parenti sums up the era as follows: “the New Deal era hardly adds up to a great triumph for the common people” with government mostly being responsive to the will and needs of corporate capitalism. It was true then but far more so now through “subsidies, services and protections that business could not provide for itself” and even plenty of them they can but don’t have to because government largess (with our tax dollars) does it for them.
October 29th, 2009 at 6:34 am
Time to fire myself from the company I volunteered in unknowingly.
October 29th, 2009 at 6:47 am
Bilderberg from 1982 onwards (USA) 82 88 89 91 92 93 94 95 96 97 98 99 00
____(function is at last attendance; x st – 10 years to Dec 98; x ad – as of Nov 98) (st) AT (st) DE FR GR FI CH CN US UK PT BE
Eliot, Theodore L, Jr, Deam Emeritus, Fkletcher School of Law, ex US Ambass (x st) sg sg sg sg sg sg
Yost, Casimir A. – Dir, Inst for Study of Diplomacy, Georgetown University, Washington st sg sg sg x st
Jordan Jr, Vernon E; Managing Director, Lazard Frères & Co. LLC st (st) (st) st st st st st st st st x x
Kissinger, Henry A. Former Secretary of State; Chairman, Kissinger Associates, Inc. st st (st) st st (st) st st st st st x x
Finley, Murray, Pres, Amalg. Clothing & Textile Workers Union, AFL-CIO, CLC st
Finney, Paul B, Editorial Director, Thomson Magazines st
Getchell, Charles, Lawyer, private trustee; rapporteur Bilderberg st
MacLaury, Bruce K, President, Brookings Institution st
Taylor, Arthur R, Managing Aprtner, Arthur Taylor & Co. st
Williams, Joseph H, Chair & CEO, The Williams Companies st
Bennett, Jack F, Dir & Snr VP, Exxon, former Undersecretary at the Treasury (x st) st x
Lord, Winston, Assistant Secretary for East Asian and Pacific Affairs st x
Dam, Kenneth W. Max Pam Prof Law, Univ. of Chicago; ex-Dep Sec State, ex-IBM (x st) x x x st st x x x
Mathias, Charles McC, Ptnr, Jones Day Reavis & Pogue; ex-Senator, Rep, Maryland (x st) x x x st
Ridgway, Rozanne L, Co Chair, Atlantic Council of the US, ex-Asst Sec of State, (x st) x x x (st) st
Sheinkman, Jack, Chair. Amalg. Bank, ex-Pres. Amalg. Textile Workers Union AFL-CIO x x st st st st (st)
Whitehead, John C. Former Deputy Secretary of State (x st) x x st st x x x
Williams, Lynn R, International President, United Steel Workers of America (x st) x x x st
Wolfensohn, James D. President, The World Bank; ex-Pres James D Wolfensohn Inc (IN) x x x st st st st st st x x
Allaire, Paul A., Chairman of the Board and CEO, Xerox Corporation x x x st st st st st x x
Rockefeller, Sharon Percy. President and CEO, WETA-TV and FM (PBS.) (x st) st? x
Corzine, Jon S. Chairman and CEO, Goldman Sachs & Co. x x x (st) x
Gerstner, Jr, Louis V. Chairman, IBM Corporation. x x (st)
Holbrooke, Richard C. ex-Asst Secretary for Eur & Can Affairs, Ambass to UN (desig.) x x x st x
Wolfowitz, Paul, Dean, Nitze School, John Hopkins Univ.; ex-Under Sec. of Defense x x x x st x
Ball, George W, Former Under-Secretary of State (x ad) ad ad (ad) ad ad ad
Bundy, William P., Former Editor, Foreign Affairs ad (ad) (ad) (ad) (ad) (ad) (ad) (ad) (ad) (ad) (ad)
Heinz, Henry J II, Chair, HJ Heinz Co, Pres, American Friends of Bilderberg (x ad) ad
Rockefeller, David. Chairman, Chase Manhattan Bank International Advisory Cttee. ad ad (ad) ad ad ad ad ad ad ad ad x x
Victor, Alice, Executive Assistant, Rockefeller Financial Services, Inc. rp rp rp rp rp
Winthrop, Grant F, Partner, Milbank (Wilson) Winthrop & Co. x rp rp rp rp
Andreas, Dwayne O., Chairman, Archer-Daniels-Midland Company x x x x x x
Armacost, Michael H., Pres. Brookings Inst. x
Bartley, Robert L., Editor, Wall Street Journal x x
Bayh, Evan – Senator (D. Indiana). x
Bennet, Douglas J., Assistant Secretary of State for International Organizations x
Bentsen, Lloyd M., Partner Verner Liipfert Bernhard McPherson & Hand; ex-Treas. Sec. x x x x
Berger, Samuel R., Asst to President, National Security Affairs x
Bergh, Maarten A. van den, Group MD, Royal Dutch Shell x
Bergsten, C. Fred, Director, Institute For International Economics x
Bernstein, Richard, Book critic, New York Times x
Billington, James H, Librarian of Congress x
Black, Shirley Temple, Foreign Affairs Officer, Dept of State; frmr. Ambass to Ghana x
Blackwill, Robert D, Lecturer in Public Policy, Harvard; fmr. member Nat. Sec. Council x
Boskin, Michael J, Chairman, President’s Council of Economic Advisers x
Boyd, Charles G. – Executive Director, National Security Study Group x
Brady, Nicholas F, Treasury Sec; ex-Dillon Read; ex Senator, Republican, New Jersey x x
Bryan, John H., Chairman and CEO, Sara Lee Corporation. x x x
Buckley, Jr., William F., Editor-at-Large, National Review x
Chafee, John H, US Senator (Republican, Rhode Island) x x
Clinton, Bill D, Governor Arkansas x
Corrigan, E. Gerald, Former President, Federal Reserve Bank of New York x
Cortines, Ramon C, Chancellor, New York City Board of Education x
Dallara, Charles H, Assistant Secretary for International Affairs x
Davis, Lynn E., Undersec. for Arms Control and Intl Security Affairs Dept of State x
Day, Robert A, Chairman, Trust Company of the West x
Deutch, John M. – Prof. MIT, ex-DG. CIA; ex-Deputy Secretary of Defence x x
Dodd, Chistopher J. – Senator (D. Connecticut). x x
Donilon, Thomas E; Senior Vice-President, General Counsel and Secretary, FannieMae x x x
Dyson, Esther; Chairman, EDventure Holdings Inc. x
Espy, Mike, Secretary of Agriculture x
Esrey, William T, Chairman and CEO, Sprint x
Evans, Daniel J, US Senator, Republican, Washington State x
Feinstein, Diane, Former Mayor of San Francisco x
Feldstein, Martin S. – President and CEO, National Bureau of Economic Research Inc. x x x
Fischer, Stanley – First Deputy Managing Director, International Monetary Fund (IN) x x x
Florio, James J, Former Governor of New Jersey x
Foley, Thomas S., Partner Akin Gump Strauss Hauer & Field, ex-Spkr, House of Reps (D) x x
Forester, Lynn – President and CEO, FirstMark Holdings Inc. x
Freeman, Jr., Chas. W.,ex-Asst Sec of Defense for Intl Security; Chair, Projects Intern. x
Friedman, Stephen, Chairman, Goldman Sachs & Co. x x
Friedman, Thomas L., Foreign Affairs columnist New York Times x
Furlaud, Richard M, Director, Bristol-Myers Squibb Co. x
Gadiesh, Orit Chairman of the Board, Bain & Company Inc. x x
Galvin, John R, Prof Nat. Sec. Studies, West Point; ex-Supr Allied Comndr Eur (SHAPE) x x x x
Gergen, David R., Fmr Advisor to Clinton and Reagan; Fellow Aspen Institute x x
Gigot, Paul, Washington Columnist, The Wall Street Journal x
Graham, Donald E. – Publisher, The Washington Post x x
Graham, Katherine, Chair, Exec Committee, Washington Post Co x x x
Greenberg, Maurice R, Chair, American International Group Inc. x
Grossman, Marc – Assistant Secretary, US Department of State x
Grunwald, Henry A, US Ambass, to Austria; fmr Editor-in-Chief, Time Inc x
Habib, Philip C, snr. res. fellow, Hoover Institution; former Under-Secretary of State x
Hagel, Chuck – Senator (R. Nebraska) x x
Hamilton, Lee H. Congressman (D, Indiana.) x
Hoagland, Jim – Associate Editor, The Washington Post x x x
Hoge, Jr., James F. – Editor, Foreign Affairs x
House, Karen Elliott, VP International, Dow Jones & Co.; ex-For Ed, Wall St Journal x x
Hunter, Robert E, US representative to NATO x
Hutchison, Kay Bailey; Senator (Republican, Texas) x
Hyland, William G, Editor, Foreign Affairs x
Jennings, Peter, Anchor and Senior Editor, ABC News: World News Tonight x
Johnson, James A; Chairman and CEO, Johnson Capital Partners x x
Johnston, J Bennett, Senator, Democrat, Louisiana x
Kann, Peter R., Chair, CEO Dow Jones & Co., publisher Wall Street Journal x
Kassebaum, Nancy Landon, US Senator, Republican, Kansas x
Kearns, David T, Chairman, Xerox Corporation x
Kendall, Donald M, former Chairman & CEO, Pepsico Inc. x
Kimmet, Robert M, MD. Lehmann Bros, Fmr Undersecretary of State for Pol. Affairs x
Kirkland, Lane, President, AFL-CIO (Amer Fed of Labor & Congress of Industrial Orgs) x x
Kravis, Henry R. – Founding Partner, Kohlberg Kravis Roberts & Co. x x x x x
Kristol, William, Chair, Project for the Republican Future x
Krogh, Peter F, Dean School of Foreign Service, Georgetown University x
Kuczynski, Pedro Pablo, Co-Chair, First Boston International x
Leschly, Jan – CEO SmithKline Beecham plc. x x
Lewis, Drew, Chairman, Union Pacific Corporation x
Lewis, Samuel W, Director Policy Planning Staff, Department of State x
Lewis, William W. Director of McKinsey Global Institute, McKinsey & Company. x
McDonough, William J. President, Federal Reserve Bank of New York. x x x x
McGinn, Richard A. – Chairman and CEO, Lucent Technologies x
McHenry, Donald F., Research Prof of Diplomacy and Intl Affairs, Georgetown Univ. x
McLaughlin, David, President the Aspen Institute x
Martin, Philip L, Prof of Agricultural Economics, Univ of California at Davis x
Mathews, Jessica Tuchman – President, Carnegie Endowment for International Peace x x x
Matlock, Jack F Jr, Former U.S. Ambassador to the U.S.S.R. x x
Maynes, Charles William, Editor Foreign Policy x
Murdoch, Rupert, Chairman, News America Publishing (Australian) x
Nunn, Sam. Former Senator (D, Georgia.) x x
Nye, Joseph S Jr, Chairman, National Intelligence Council x
Odom, William E, Dir. of Nat. Sec. Studies, Hudson Inst; ex-Dir National Security Agency x
Page, Jr., John M. Chief Economist, Mid. East and Nth. Africa Region, World Bank. x
Pell, Claiborne, US Senator, Democrat, Rhode Island x
Penzias, Arno A., VP Research AT&T Bell Labs x
Perry, William J., Secretary of Defense x
Petersen, Donald E, Chairman, Ford Motor Company x
Pickering, Thomas R, US Ambassador to Russia x
Podhoretz, Norman, Editor, Commentary x
Powell, Colin L. Former Chairman, Joint Chiefs of Staff. x
Pressler, Larry, Senator, Republican, South Dakota x
Prestowitz, Clyde V. – President, Economic Strategy Institute x
Quandt, William B, senior fellow, The Brookings Institute x
Rattner, Steven – Deputy Executive, Lazard Freres & Co., LLC x
Reed, John S, Chairman, Citicorp x
Rhodes, William R. – Vice Chairman, CitiBank, N.A. x
Richardson, Bill – Secretary of Energy x x
Robinson, James D III, Chair & CEO, American Express Company x
Sanford, Charles S Jr, Chairman, Bankers Trust Company x
Scalapino, Robert A, Robson Res Prof of Government, Emeritus, Univ Ca, Berkeley x
Scowcroft, Brent, Former Asst to the President for National Security Affairs x x
Shad, John SR, Director and Philanthropist x
Shapiro, Robert B. – Chairman and CEO, Monsanto Company x
Shelton, Sally A, snr. fellow, georgetown University; ex Amnbassador to Grenada, E-Carib x
Sick, Gary G, Visitng Scholar, Research Institute for Internl. Change, Columbia Univ. x
Simons, Thomas W Jr, Ambassador to Poland x
Soderberg, Nancy E., Dep Asst to President for National Security Affairs x
Soros, George; Chairman, Soros Fund Management x x x
Stahl, Lesley R. National Affairs Correspondent, CBS News. x
Steinberg, James B; Deputy Assistant to the President for National Security Affairs x x
Stephanopoulos, George Prof., Columbia Univ., ex-Advisor to President for Pol. & Strat x x
Strauss, Robert S, US Ambassador to the Russian Federation x
Summers, Lawrence H. – Deputy Secretary for Intl Affairs, US Dept of the Treasury x
Tarullo, Daniel K; Visiting Professor of Law, Georgetown University Law Center x
Thoman, G. Richard – President and CEO, Xerox Corporation x x
Thornton, John L. – President and co-COO, Goldman Sachs Group, Inc x x
Trotman, Alexander J., Chairman, Ford Motor Company x
Tyson, Laura d’Andrea – Dean, Haas School of Business, Univ.of California at Berkeley x
Vink, Lodewijk J.R. de – President and CEO, Warner Lambert Company x x
Vogel, Ezra F. Henry Ford II Professor of Social Sciences, Harvard University x
Volcker, Paul A, Chairman, BT Wolfensohn; ex-Chair, Board of Federal Reserve System x x x
Weiss, Stanley A. Chairman, Business Executives for National Security, Inc. x x x
Whitman, Christine Todd – Governor of New Jersey x
Wilbur, Brayton Jr, President & CEO, Wilbur-Ellis Company x
Wilder, Lawrence Douglas, Governor of Virginia x
Wisner, Frank G, Under-Secretary for Policy, Department of Defense x
Wriston, Walter B, Former Chairman, Citibank x
Zoellick, Robert B, Counselor & Under-Secretary (designate) for Economic Affairs x
Zuckerman, Mortimer B, Editor, US News and World Report x
Codes: x-attending, ch-Chairman, sg-Secretary General, tr-Treasurer, ad-Advisory Group, st-Steering Committee, rp-rapporteur; brackets ( ) generally mean officer not attending, but for 1989 (st) means not clear due to absence of information;
AT-Austria, BE-Belgium, BG-Bulgaria, CH-Switzerland, CN-Canada, CZ-Czech Republic, DE-Germany, DK-Denmark, ES-Spain, FI-Finland, FR-France, GR-Greece, HU-Hungary, IC-Iceland, IN-International, IR-Ireland, IT-Italy, LU-Luxembourg, NL-Netherlands, NO-Norway, NZ-New Zealand, PL-Poland, PT-Portugal, RU-Russia, SV-Sweden, TR-Turkey, UK-United Kingdom, UR-Ukraine, US-USA, YU-Yugoslavia
Sources:
82(st): Steering Committee list;
88 list: original List of Participants;
89(st): partial Steering Committee list;
91, 92 and 93 lists: taken from Spotlight;
92 Steering Committee list, extracted from Armen Victorian piece in Nexus Magazine;
94 list: original, plus Tony Gosling (www.bilderberg.org) and Spotlight;
95 list: Tony Gosling (Alberta Reporter) and elements from Spotlight;
96 list: Spotlight and Tony Gosling;
97 list: Tony Gosling, Lobster Magazine and Spotlight;
97 Steering Committee list: original from Bilderberg Meetings
98 list: original Participant List, and Parascope;
99 list: Portuguese News Weekly, Tony Gosling, Big Issue/Schnews – Bilderberg Minutes, and Spotlight;
2000 list: kindly provided by the Bilderberg Meetings;
Ex-Steering Committee members over the last 10 years (x st) – letter to Patricia McKenna MEP from Bilderberg Meetings, 3.12.98
(Thanks to Tony Gosling, Patricia McKenna, Armen Victorian, Jim Bogusz, Lobster, Nexus, Klaus Kopf, Jim Tucker, Spotlight, News Weekly, Big Issue/Schnews, Parascope and Bilderberg meetings)
Mama J Reply:
October 29th, 2009 at 7:40 am
VERY impressive! That must have taken you quite some time to type in. Thank you for sharing that information.
funny Reply:
October 29th, 2009 at 7:52 am
He cut and pasted it.
asshole Reply:
October 29th, 2009 at 11:05 am
Mama J Reply:
October 29th, 2009 at 7:40 am
funny Reply:
October 29th, 2009 at 7:52 am
He cut and pasted it. <<<< is correct when i am able to find link they are posted when not, information is posted
buttcheck Reply:
October 29th, 2009 at 12:34 pm
Good Job asshole!! Real information. Mike Parenti & Noam Chompsky are worth listening to, thats for sure & the Builderburger list–good info.
what trouble can so few cause Reply:
October 30th, 2009 at 4:39 am
noam chomskey is an old left hasbeen . hes in his own world of s---. 9/11 ect doesnt think it was an inside job lol. what a goon
October 29th, 2009 at 7:17 am
There is no more that can be done in the states, its like the titanic hit the iceburg and is sinking fast and instead of getting in the lifeboats yall are bitchin at each other, the ship is not coming back up people. margarita island is full of opportunity cheapest cost of living in the world, 4 cent a gallon gas free health care no taxes, no hurricanes, all food is organic by law. for more info check out http://www.escapethestates.com I have plenty of references from people I have moved down here, jump on the underground railraod and find out what it is like to live in a country that has alot more freedom then the united states. Put your money in a different currency and get out with it and dont look back. soon the dollar will be worth nothing, then you are stuck like a turd in the toilet. thanks for listening, if you need help contact me, My wife and I have plenty of knowledge about living here on margarita island we moved here 3 years ago with 3 small children and 3 dogs. We had to get our kids away from the toxic foods and envirment. We can help you escape the states no matter what situation you are in, venezuela does not abide with extradition laws to the USA.
Captain White Reply:
October 29th, 2009 at 8:45 am
Oh Russel Russel, you ugly white devil. When will you REPENT and give all your ill-gotten gains back to the exploited Native Indians that you took them from? They will let you have all your Polyester shirts back IF you ask them NICELY.If it’s good enough for us then it’s good enough for YOU!
HOW can you lie about how good things are there on Marghareta Island when you obviously can’t even afford a proper ad? Why do you dangle the prospect of FREEDOM for PEDOPHILES and other human scum by telling them that Venezuela won’t extradict them back to justice??? WHY do you think it is a good business practice to call your potential customers TURDS? WHO in the hell would trust a JACKASS like YOU??? DO everyone a favor and go the F away.
shocked and awed Reply:
October 29th, 2009 at 8:49 am
Russell is a cheap ass spammer who probably works out of a hotel room in Nigeria and when he isn’t busy trying to convince old people to send him their life savings he is writing this come to Gilligan’s island crap. Go to Hell Russell, your spam stinks worse than your salesmans---.
cold dead hands Reply:
October 29th, 2009 at 10:10 am
Russell contacted sight you talked about ask a few questions we will see.
October 29th, 2009 at 8:02 am
Talk about a conspiracy…
October 29th, 2009 at 8:17 am
Glenn Beck has been running really good economic schools for the average person. He is
also including history and mentions the really smart Walker guy who use to be the US
Controller.
Now we have GEITHNER and that other thing running the money show.
no Reply:
October 29th, 2009 at 8:26 am
Glenn Beck is a tool for the elites. He will lead you sheep off a cliff. He supported the wars. He supported the Patriot act and domestic spying. How much money has the wars he pushed drained from us? His economic schools must be some kind of joke.
October 29th, 2009 at 9:33 am
We need to clean up Washington, get rid of all the global elite group and put new blood with new ideas in office so our country can go in a different direction.
This group in Washington thinks the same, members of CFR, Bergers, Grovers, Trilateralists, etc. They all share the same philosphy of the demise of the USA.
bon Reply:
October 29th, 2009 at 10:52 am
vote the little guy with zero zionist backing.
October 29th, 2009 at 10:05 am
Id make these crooks PRISON SENTENCE Permanent.
If you or i stole $50 we would do time in jail.
These guys commit GRAND LARCENY to a tune of Trillions of Dollars, then they get away Scott Free, and are often lauded as “heroes”
Nothing could be further from the truth.
Support HR1207. Lets end the fed.
October 29th, 2009 at 1:55 pm
GOOD AND GENTLE PEOPLE OF THESE UNITED STATES, WE ALL KNOW WHAT IS AT HAND. OUR LIBERTIES HAVE NOT BEEN TAKEN FROM US, THEY HAVE ONLY WRITTEN UNCONSTITUTIONAL LAWS THAT CAN NOT BE UPHELD. YES, YES IT IS GOING TO BE A DIFFICULT AND UPHILL BATTLE (STRESS ON THE WORD BATTLE) IF YOU HAVE NOT PREPARED FOR FOOD SHORTAGES DO SO NOW! IN REGARDS TO SELF DEFENSE, GUNS ARE NOT THE ONLY MEANS (THINK SERFS STORMING THE FUDAL CASTLE) WE THE PEOPLE WILL NOT GO QUIETLY INTO THE NIGHT. GAIN ALLIES IN YOUR TOWN, NEIGHBORHOOD, POOL RESOURSES. THIS IS GOING TO GET UGLY, BUT ARE YOU WILLING TO DO IT? IF NOT ROLL OVER AND DIE. YOU ARE USELESS TO ME AND YOUR FAMILY AND COUNTRY. BUCK UP!!
BEFORE THIS WINTER IS OVER THERE WILL BE ATROSITIES ON OUR SOIL THAT NO ONE IS PREPARED FOR. TAKE A BREATH BURY YOUR DEAD AND FIGHT!
October 29th, 2009 at 10:05 pm
Everything is designed to fail!
Our Economy
Our Sovereignty
Our Health
Our Jobs
Our FREEDOM!
Freedom – Get it while supplies last – limited time offer – The price will soon go up!
October 30th, 2009 at 12:27 am
WHAT A CROCK OF _HIT ! THIS IS A DOWN AND OUT RIP OFF AMERICA !
ANOTHER ATTEMPT TO GET THERE HANDS IN YOUR TREASURY !
YOUR TAX DOLLAR ARE GETTING RIPPED OFF AGAIN ?
HOW MUCH MORE OF THIS TREASON ARE YOU GOING TO TAKE ?
WE ARE AT WAR, AND AN ACT OF TREASON SHOULD ME A CAPITOL CRIME !
IF THE DNC NETWORK IS ATTEMPTING TO OVER THROW YOUR GOVERNMENT WITH THE HELP OF THE KNOWN COMNUIST IN OFFICE AND THE MILITARY NEED TO TAKE ACTION AND RESTORE THE GOVERNMENT AMERICA !
WRITE THE PENTAGON AND TELL THEM THAT YOU WANT THEM TO ACT TO RESTORE YOUR GOVERNMENT !
HOW MUCH MORE OF THIS CRAP WILL THIS COUNTRY BE ABLE TO TAKE AMERICA ?
IF YOU DON’T ACT, YOU MAY NEVER HAVE THE CHANCE TO DO SO ?
AMERICA WAS FORMED BY AMERICANS FIGHT BACK !
WHER DO YOU STAND AMERICA ?
THESE GUYS IN THE GIANT BANKING COMPANYS HAVE FOUND THE MOTHER LOAD , YOUR TAX DOLLARS AND THEY WILL TAKE EVRY CENT THEY CAN GET THERE HANDS ON !
IF THE TREASURY IS BROKE, IF ANOTHER COUNTRY ATTACKS THE USA, WHERE WILL THE MONEY COME FROM TO FIGHT BACK AND I WILL TELL YOU IT’S THE END OF AN ERROR !
AMERICA WILL BE NO MORE ?
THE COMNUIST ARE DOING THE BEST TO HELP THEM !
RENT THE MOVIE “BLOOD ON THE SUN ” MAY BE THAT WILL HELP YOU UNDERSTAND JUST WHAT GOING ON ? PLEASE NOT THIS MOVIE WAS AROUNG THE SECOND WORLD WAR PERIOD !
FIGHT BACK AMERICA, WHILE YOU HAVE THE CHANCE !
REMEMBER ALL THE AMERICANS WHO GAVE THEIR LIVE TO GIVE YOU THE LIBERTY YOU ENJOY !
PLEASE DO YOUR PART AMERICA ?
October 30th, 2009 at 4:40 am
get ready for total poverty
October 30th, 2009 at 12:11 pm
Beat the banksters at their own game. They and our government are going to crash our currency, which will make your savings worthless. The only thing that will be worth anything is gold and silver.
Take some of your savings and buy gold and silver. It will increase in value as your savings decrease. If enough of us buy silver, the incredible short manipulation will finally come to an end, and the price will explode. When this happens, it will be the manipulators who end up loosing.