In the fall of 2008, when the fear-mongering about the state of the nation's banking institutions was at a fever pitch, the American people were scammed. There was a major heist of the public's wealth, and we still have not reached the bottom of the deception. To this day, the public doesn't know the full list of the persons involved in the decision-making process. What was their personal history and their financial background? Were they even qualified to be in Washington? And under whose direction did they operate, the secretary of the treasury, the taxpayer, or the president? These questions and others still remained unanswered, and until they are, America is not a free country. It is time that we raise our voices and demand answers.
One figure who had an excessive amount of influence in the dying days of the Bush administration, in the financial crisis of 2008, was Dan Jester. In a New York Times article by Julie Creswell and Ben White from October 2008, called The Guys From ‘Government Sachs’, Jester is described as a "a former strategic officer for Goldman who has been involved in most of Treasury’s recent initiatives, especially the government takeover of the mortgage giants Fannie Mae and Freddie Mac. Mr. Jester has also been central to the effort to inject capital into banks, a list that includes Goldman."
In a recent New York Times column called, Mystery Men of the Financial Crisis, William D. Cohan asks: "Who the heck is Dan Jester? And why isn’t he telling us what he did during the A.I.G. bailout and other pivotal moments of the banking crisis?" Current Treasury Secretary Tim Geithner talked to Jester 103 times during the crisis in 2008, the only person who received more calls from Tiny Tim was Hank Paulson.
Cohan writes:
We need to get beyond the amusing political theater of the recent Financial Crisis Inquiry Commission hearings featuring tight-lipped Wall Street chief executives like Lloyd Blankfein of Goldman, John Mack of Morgan Stanley and Jamie Dimon of JPMorgan Chase — and the artfully crafted statements they compiled with the help of $1,000-an-hour Wall Street lawyers. We need to hear the nitty-gritty of what caused the crisis from the people who know why things happened the way they did but haven’t yet been asked to speak up by someone with subpoena power.
As long as Cohan's suggestion goes unheard, the American people will get angrier and angrier, until one day, they will finally explode, and wreak havoc on Washington D.C.
