The Hickory Hound: My Goldman-Sachs question at the Town Hall meeting this morning

I asked the following question at this morning's Town Hall about Free Enterprise held at the SALT Block here in Hickory:

One of the biggest issues that we face as a nation is the problem we see with investments and the cronyism with a company such as Goldman-Sachs and I don't see anything happening on the national level. The Republicans got us into this situation with Goldman-Sachs. Mr. Obama comes into office and it's business as usual with companies such as Goldman-Sachs and JP Morgan and they have their tentacles in everything. How do we get their tentacles out of everything, because I don't think until we get these two companies out of what they are doing that we are going to be able to restore the economy to what it was. I asked Congressman McHenry what his thoughts were on that process?

I will display Congressman McHenry's answer in an article that I am doing about this Town Hall. I don't think people understand how Goldman-Sachs (as the frontman) and JP Morgan (who was the primary force behind the creation of the Federal Reserve) have hijacked our Government. I would like for you to understand the context and reasoning behind asking this question, which are displayed in the links below.

Egregious Goldman-Sachs
Goldman Sachs-AIG: It's Likely Worse Than You Think - RealClearPolitics.com - James Keller - January 13, 2010
Goldman Fueled AIG Gambles - Wall Street Journal - December 12, 2009 - Serena NG & Carrick Mollenkamp
Goldman Sachs had bigger role in AIG than realized - BloggingStocks - Tom Johansmeyer - December 14, 2009

Egregious JP Morgan
(JP Morgan and Goldman-Sachs) - Two Giants Emerge From Wall Street Ruins - New York Times - Graham Bowley - July 16, 2009
Why Goldman Sachs Is JPMorgan’s Biggest Asset - Bloomberg - David Reilly - December 4, 2009

JPMorgan Said to Trim AIG Role on Possible Conflicts - Bloomberg - By Zachary R. Mider and Hugh Son - December 4, 2009

Lets see where this all started
AIG seeks $75 billion in loans to stay afloat - Los Angeles Times - September 16, 2008
The Real AIG Scandal - It's not the bonuses. It's that AIG's counterparties are getting paid back in full. - Slate.com - Eliot Spitzer - March 17, 2009

Hound: I can go on and on, but I think you get the drift. I talked about Goldman Sachs' Treasury - The Biggest Conflict of Interest Ever on October 9, 2008 when this whole mess started.

I think that the Republicans are misreading the tea-leaves if the think that they can come into office and continue business as usual with the people who have these conflicts of interest running our financial markets. We have seen straight-up insider trading. We have seen blatant conflicts of interest. We have seen these companies getting money on the way up and on the way down.

We need full scale congressional hearings. We need to know who knew what and when, There will be no immunity. They will answer the questions or be held in contempt of Congress. We want every red cent of money that was made from ill-gotten gains. People know that our future is at risk. This cannot be allowed to stand.

That is where the anger comes from. If this is not acted upon, then we all know what the ramifications are. The Republicans let us down during the beginning of this century, so they lost control. The ball was handed over to the Democrats and look what they have done. If the Republicans are given back control and it remains business as usual, then what alternative will the American people have?