11 March 2011

Nope, No Corruption Here. None At All

Allegedly Democratic Co-Chair of Obama's deficit reduction (aka cat food) commission, Erskine Bowles, was recommending changes to Social Security that would likely lead to its privatization while on the board of directors of Morgan Stanley:
Erskine Bowles, co-chairman of President Barack Obama’s debt-reduction commission, said his job as a Morgan Stanley (MS) director didn’t influence his work on the panel’s recommendations for balancing U.S. spending, which said taxes are sapping the competitiveness of companies.

He and the commission’s co-chief, Alan Simpson, told an audience of bankers, investors and executives at an Economic Club of New York lunch meeting March 7 that the country may face a crisis if it doesn’t rein in the debt. Bowles, 65, has been a member of the bank’s board since the end of 2005.

“It didn’t have any effect on me at all,” he said in an interview after the lunch, when asked if his work for New York- based Morgan Stanley influenced the commission’s December proposals. “We tried to gore every ox we could.”
He also said that "The check is in the mail, this won't hurt a bit, I'll respect you in the morning, and I won't cum in your mouth."

Note also that Barack Obama was the one what hired these guys.


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