Page 224 - Scapegoat News Today

Think politically it works to get angry and say i dont appreciate what the oil companies are doing and make them the scapegoat, but we depend on oil and gulf is the source of the oil. one reason that the drilling is happening in the gulf that deep is his allies on the left, presidents allies on the left wont allow it on the inter c continental shelf where its more space or the arctic where it would injure seals and caribou if we had a spill as is happening on the gulf coast of the united states....

>> neil: very good. >> the industry lives in political purgatory because they really have chosen sides over the history of time and have been friend with the republicans. so when the democrats are in charge theyre vulnerable to bad public policy. keep in mind the ultimate person who pays for the costs are consumers, not the companies. >> neil: still you win very few sympathizers when your industry makes a lot of money and you can argue on, you know, earning for revenue bases and all that, its no...

Frenchman, theyve singled out him as the scapegoat for all of this. there is a lot of fingers that were in that pie. >> larry: help me. were they investing in mortgages they knew people werent going to make the payments and asked their investors to invest with them? >> yes. and as time went on as they saw in 06 and 07 when things were getting shaky, they started doing much more betting against these mortgage investments. >> larry: all this is alleged. >> they denied everything or sort of denied ...

Many people showed up and this good news, things have been peaceful. take a live look at the demonstration under way, just after 4:00 out here on the ws s weshgs andwest and a thousand are here, people from all walks of life are here, hispanic, black, white, asian, owed, young, the vast majority against the immigration bill just signed and those who say there should be a compromise. listen: >> i think it is a scapegoat and it is her agenda and shes not targeting the real issue and problems and n...

Were going to have hearings in six months, like the goldman sachs hearings in which senators will be railing against big oil, because its a big target. blaming them. and either, and the republicans and democrats will do it equally, as we saw in the goldman hearings. you always want to have scapegoat and its going to be b.p.. there has been a remarkable safety record in the gulf and the north sea in terms of these drills, but the problem is we have to drill so deep, this one is a mile deep. becau...

Dont think will help. >> it happens all the time. u.s. attorneys office in the southern district does it all the time and they dont care about the intent and you are focusing on justice and youre right. but that is not always reality. reality with the u.s. attorneys office is a conviction and to pay their -- they do it, joey, back me up on that. >> that is true. the u.s. attorneys office are good at what they do, unfortunately for arthur and i. as a result there will be problems for goldman to t...

In six months, like the goldman sachs hearings in which senators will be railing against big oil, because its a big target. blaming them. and either, and the republicans and democrats will do it equally, as we saw in the goldman hearings. you always want to have scapegoat and its going to be b.p.. there has been a remarkable safety record in the gulf and the north sea in terms of these drills, but the problem is we have to drill so deep, this one is a mile deep. because ironically we have had al...

>> we didnt have a massive short against the housing market and we certainly did not bet against our clients. >> doing pretty well this year? >> financially, yes. >> juan: but is goldman sachs the real villain in the economic meltdown or is it a political scapegoat. joining us from florida mike a trial attorney who has handled securities fraud cases. and from chicago, jonathan hoenig, a fox news contributor and a hedge fund manager. jonathan, i wanted to ask you. you feel that this has been a po...

>> we didnt have a massive short against the housing market and we certainly did not bet against our clients. >> doing pretty well this year? >> financially, yes. >> juan: but is goldman sachs the real villain in the economic meltdown or is it a political scapegoat. joining us from florida mike a trial attorney who has handled securities fraud cases. and from chicago, jonathan hoenig, a fox news contributor and a hedge fund manager. jonathan, i wanted to ask you. you feel that this has been a po...

>> we didnt have a massive short against the housing market and we certainly did not bet against our clients. >> doing pretty well this year? >> financially, yes. >> juan: but is goldman sachs the real villain in the economic meltdown or is it a political scapegoat. joining us from florida mike a trial attorney who has handled securities fraud cases. and from chicago, jonathan hoenig, a fox news contributor and a hedge fund manager. jonathan, i wanted to ask you. you feel that this has been a po...