Rep. Anthony Weiner says Glenn Beck has formed an unholy alliance with Goldline
Glenn Beck making a fool of himself
Rep. Anthony Weiner (D-NY) has opened up a full-throated attack on Glenn Beck’s peddling of gold coins from Goldline.
Weiner accused Beck of using his show “to prey on the public’s fears of inflation and socialist takeovers while actively promoting the purchase of gold coins as insurance against this purported government overreach.”
Media Matters for America reported that on Oct. 6, 2009, Beck said this on his Fox News show:
You don’t have any gold, right? This is you. This is you. This is your savings. How much did you lose if you had any money in your 401k? Did you lose, let’s say, I don’t know, 40 percent of it? So, that’s gone. Now, did you know that the dollar has lost nearly 29 percent of its value in the last seven years? Twenty-nine percent. OK, that’s gone. Just gone.
RUSH TRANSCRIPT:
Fresh from the Friday news dump, the Securities and Exchange Commission filed a civil suit against Goldman Sachs alleging that the firm engaged in securities fraud.
The too-big-fail Wall Street giant emerged from the recent financial crisis unscathed while 8 million Americans lost their jobs.
This marks the first time the SEC has taken action against a Wall Street organization that capitalized on the housing market collapse of 2007.
Goldman profited by betting against the very mortgage investments it was selling to its customers.
The suit named Fabrice Tourre the vice president at Goldman who helped create and sell the allegedly fraudulent investment.
Goldman called the SEC accusations “completely unfounded in law and fact.”
The investment bank said that they will vigorously contest them and defend the firm and its reputation.
Frank Rich: Goldman Can Spare You a Dime
Goldman Sachs
Nobody outside of Wall Street elites and the White House inner sanctum knows what’s really going on with the alleged economic recovery. What you do know is that Goldman Sachs is going to be handing out $23 billion in bonuses this year and record profits. You also know that without the hundreds of billions of taxpayer money, Goldman Sachs wouldn’t be rolling in piles of cash while its competition was left to fail (e.g. Lehman Brothers). And if you’ve been reading the newspaper, you know the Obama administration doesn’t care.
Frank Rich wrote about this today in his column “Goldman Can Spare You a Dime.” Rich compares Goldman Sachs to the early 20th century giant Standard Oil – known as “The Octopus.”
When Roosevelt set out to fix what was wrong with the economy that lead to the Great Depression, he didn’t hobnob with America’s first billionaire John D. Rockefeller as Obama has with Goldman Sachs bigwigs. If he had, Rich wrote, palled around with the Standard Oil titan, it’s unlikely the monopoly would have been broken up and the oil company would still have a stranglehold on the economy – sucking out money wherever it could sink its tentacles.
President Barack Obama
But Obama is clearly a friend to Goldman. His administration is filled with Goldman shills like Timothy Geithner and the newly appointed man in charge of the Securities and Exchange Commission’s enforcement unit Adam Storch – a former Goldman executive.
