It wasn’t real “Wall Street Schemers”. It was self centered, Washington “K” Street politically-connected Democratic politicos, that fashioned themselves Wall Street magnates, that did all the damage.

Specifically, Fred Rains who used his Democrat political connections to get himself appointed in charge of the semi-governmental agency Fannie Mae. It was the Jim “Tim” Johnson who used his Democrat political connections to get appointed to head Freddie Mac. And it was Jamie Gorelik, who used her Democrat political connections to get herself selected as head of E F Hutton.

It was these three miserable political ph..cks who looted their organizations. They forced the rest of the Banking establishment to buy the waste paper that they made of “mortgage based securities” under threat of government investigating them for “not helping the poor buy houses” Thus lots of Banks had to purchase that waste paper as Assets, ruining their Balance Sheets when the waste paper securities became recognized as worthless.

These crooks had help from Senator Chris Dudd and Representative Barney “Fife” Franks, to enforce their threats. They each paid a million dollars or so, of campaign contributions, to the various Democratic campaign comittees for protection. And walked away with tens or hundred of millions in their own pockets, after creating this financial mess.

Interestingly, Obama used their “sage” transition-team advise to select that Tax cheat, Gietener as the new Secretary of the Treasury.

These were not real Wall Street professionals. They were, and are, politically-connected crooks. Meanwhile have you heard a single one of them being under threat of indictment? Of course not.

Just stopping in to take note of the behavior and agendas of all you posters on here.

I am very interested in the Volt’s battery, and I do admit I was rooting for A123 (probably because I know and like their product and know nothing about LG). But may the best battery win!

Has anyone else noticed how STILL, in all the latest media reports about the Volt or electric cars in general, including from very respected news sources, reporters can’t resist describing new EV Li-Ion batteries as being “like laptop batteries?” Normally I don’t nitpick this stuff but the Volt has been around long enough now for people to figure out (I thought) that its batteries are NOT like laptop batteries in any way other than general chemistry! Sure it’s Li-Ion, but it is in a whole ‘nother league compared to the battery in my Thinkpad right now. Power density, durability, cycle life…there is no comparison! Every time someone in the media mentions “Volt” and “laptop” in the same article I cringe, because people are instantly connecting the dots between the name of the chemistry and the exploding Sony laptops of a few years ago. Sigh.

For example, let’s say GM went with a smaller company like A123, and then A123 got into some financial trouble. A123 might then say “we need to raise the price we quoted or we’ll go bankrupt – you’re a big company – it wouldn’t hurt you to help us out”. This kind of stuff happens. With LG having $100 billion in annual sales, GM can rest assured that they won’t go have to go through this.