The Price Of Supreme Court Conscience: $10,000 Squid Bucks – The Skinny On SCOTUS “Justice” Elena Kagan
The Price Of Supreme Court Conscience: $10,000 Squid Bucks – The Skinny On SCOTUS “Justice” Elena Kagan
Submitted by Tyler Durden on 05/10/2010 06:09 -0500
The scramble to fill the Supreme Court with Fed and Wall Street puppets in advance of Bernanke’s last ditch appeal to preserve his secret bailout optionality of his closest Wall Street friends is on. Now that Elena Kagan is a officially the latest supreme court “justice”, here is all you need to know about her independent “allegiance”, courtesy of the WSJ:
From 2005 to 2008, Ms. Kagan was a paid member of the Research Advisory Council of Goldman Sachs Global Markets Institute, according to financial-disclosure reports she filed after being appointed to her current job. The form shows she was paid $10,000 in 2008, when she was dean of Harvard Law School.
The Securities and Exchange Commission has accused Goldman in a civil suit of failing to disclose to clients in a deal involving mortgage-related securities that a hedge fund betting on the mortgages to fail helped design the product. Goldman denies the charges.
Mr. Gibbs said the group Ms. Kagan advised had nothing to do with the activities in the SEC’s case. “This is a panel that had absolutely nothing to do with the decisions that Goldman has made that they’re now being investigated for,” he said. Asked if there was a concern that this issue could be used against Ms. Kagan, should she be nominated, Mr. Gibbs said, “No.“
May 9 will now live in history as not only the day fascism was overthrown, but the day in which the last take over of any hint of democracy both in Europe and the US was completed.
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