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Wall Street To Launch Propaganda Campaign That Makes You Like Bankers

Posted by Digby, Hullabaloo at 3:10 PM on June 25, 2009.


And they are using one of the Bush Administration's main flacks.

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These people think they can sell anything:
 

Wall Street’s largest trade group has started a campaign to counter the “populist” backlash against bankers, enlisting two former aides to Treasury Secretary Henry Paulson to spearhead the effort.

In memos of confidential meetings with top financial executives, the Securities Industry and Financial Markets Association said it began this month the “execution phase” of the operation, which pledges to “embrace change” and accountability. The plan targets policy makers and the media in New York, London, Washington and Brussels and calls for a “city-by-city, grass roots” approach.

[...]

The board meeting minutes and staff-written papers, obtained by Bloomberg News, outline the program crafted by polling, lobbying and public relations companies paid at least $85,000 a month. The memos provide a glimpse, in often candid language, into how Wall Street is grappling with its pariah status.

“It is imperative that in this historic period of reform, the industry be recognized as playing a positive role in seeking change and providing solutions to the problems we face,” one of the documents said. “There is currently widespread skepticism about the industry’s commitment to this needed change.”

The internal papers call for using regional securities firms, many of which have escaped notoriety in the financial crisis, to push the industry’s message with their local members of Congress. The plan notes that brokers across the country can also be used.

[...]

To advise on the strategy, the trade group turned to a bipartisan roster of consultants. Such advice doesn’t come cheap and SIFMA is discussing dipping into its reserves to cover some of the costs, according to one memo.

Michele Davis, Paulson’s former spokeswoman, and Jim Wilkinson, his former chief of staff, are among those leading the effort. SIFMA is paying their firm, Brunswick Group LLC, a monthly retainer of $70,000, the documents show. Both Davis and Wilkinson declined to comment. Paulson left office in January.

They're getting the band back together again.

I have written many, many times about Jim Wilkinson over the years starting within the first months of this blog with this one:

Via

Atrios

this may be the best article yet about the surreality of Operation Big Swinging Manhood.

 

Even Kubrick and Southern couldn’t have made this stuff up:

 

Clearly marked as the rabble-rouser of the get-out-of-Doha movement, I was approached by some enforcer types. The first person was a version of a Graham Greene character. He represented the White House, he said. Wasn't of the military. Although, he said, he was embedded here ("sleeping with a lot of flatulent officers," he said). He was incredibly conspiratorial. Smooth but creepy: "If you had to write the memo about media relations, what would be your bullet points?"

The next person to buttonhole me was the Centcom uber-civilian, a thirty-ish Republican operative. He was more full-metal-jacket in his approach (although he was a civilian he was, inexplicably, in uniform - making him, I suppose a sort of para-military figure): "I have a brother who is in a Hummer at the front, so don't talk to me about too much fucking air-conditioning." And: "A lot of people don't like you." And then: "Don't fuck with things you don't understand." And too: "This is fucking war, asshole." And finally: "No more questions for you."

I had been warned. (Read the whole thing)

It's pretty clear who that

civilian in uniform

is and he's a real piece 'o work:

 

Signaling the high interest in improving the military's image is the appointment of [Jim] Wilkinson as spokesman for CENTCOM. A veteran White House publicist as well as a Navy Reserve lieutenant, Wilkinson headed the anti-Taliban Coalition Information Center during the U.S.-led war in Afghanistan and was spokesman for the Bush campaign in Miami-Dade County during the Florida recount after the 2000 election.
Wilkinson's political credentials have aroused journalistic concerns that the Bush administration, not known for its openness, is trying to control the message and use it for re-election purposes in the 2004 campaign.

 

Buzzflash reported:

...this entire public affairs operation is headed Jim Wilkinson, one of the thugs who protested the Florida recount. Ever the good soldier, (though a civilian, Wilkinson reportedly wears a military desert camouflage uniform to work)...

 

Wilkinson wasn't just another flak. He was instrumental in rolling out all the new Bush product. And they had a very particular way of doing it.

 

"We’re getting the band together," White House Communications Director Dan Bartlett told the group on their first conference call last week.

The "Band" is made up of the people who brought you the war in Afghanistan—or at least the accompanying public-relations campaign. Their greatest hit: exposing the Taliban’s treatment of women.

Now, they’re back for a reunion tour on Iraq. The Band's instrument, of course, is information.

They aim to use it against Saddam Hussein, respond to his disinformation and control the message within the administration so no one—not even Vice President Dick Cheney—freelances on Iraq.

That’s no easy task. The members talk every day by phone at 9:30 a.m.

The key players are a handful of rising stars in their early 40s and under:

For starters there’s Deputy Communications Director Jim Wilkinson, 32, a fast-talking Texan who has become an unlikely but keen student of Islam. He recently got back from a trip to Morocco where he continued his study of Arabic (which he can now read and write pretty well).

It was Wilkinson who spearheaded the successful Afghan women’s campaign last year. A Naval Reserve officer, Wilkinson got his start working with Bush ally Texas Rep. Dick Armey. He’s the go-to guy when the White House needs information against its enemies.

In the last few weeks, he and his underlings have weeded through hundreds of pages of news clippings, U.N. resolutions and State Department reports to compile an arsenal of documents against Saddam Hussein. They released the first round last week: "Decade of Defiance and Deception" (a broken-U.N.-resolutions hit parade).

 

But Wilkinson's style wasn't honed in the post 9/11 era:

 

"Wilkinson first left his mark on the 2000 Presidential race in March 1999, when he helped package and promote the notion that Al Gore claimed to have 'invented the Internet.' Then the Texan popped up in Miami to defend Republican protesters shutting down a recount: 'We find it interesting that when Jesse Jackson has thousands of protesters in the streets, it's O.K., but when a small number of Republicans exercise their First Amendment rights, the Democrats don't seem to like it,' he told the Associated Press.

"For his troubles, Mr. Wilkinson was made deputy director of communications for planning in the Bush White House, and was among the aides who set up the Sept. 14, 2001, visit to Ground Zero that redefined George W. Bush's Presidency. During the Afghan war, he managed 'Coalition Information Centers' in Washington, D.C., and London, as well as in Pakistan and Afghanistan. In Qatar, he became the point man on the rescue of Pvt. Jessica Lynch and delivered the most memorable and sellable quote of Gulf War II: 'America doesn't leave its heroes behind,' he told reporters at a late-night briefing."

 

Here's one of my favorite Wilkinson quotes when he was assigned the hit on Richard Clark after his book came out:

 

White House officials strongly dispute Clarke's conclusion, saying it reflects an old-fashioned approach to dealing with terrorism. "Those who question Iraq have an outdated and one-dimensional view of what is really a multi-dimensional threat to our nation," said Jim Wilkinson deputy national security adviser for communications. "Some think the solution is to kill Osama bin Laden, finish Afghanistan and then go back to a defensive posture and hope we're not attacked again. This approach represents the old way of thinking because it ignores the fact that the modern terrorist threat is a global threat."

 

I think it's entirely predictable that the people who wrecked the world economy have hired the chief flack for the administration that wrecked everything else. They are all cut from the same cloth --- entitled modern aristocrats who can't ever learn from mistakes and think all they need to do is come up with a good advertising slogan and a marketing campaign to sell fetid compost and call it Godiva chocolate.

 

Hank Paulson really should have looked over Wilkinson's record. His clients of the past decade was George W. Bush and the Republican Party. I'm not sure anyone in history has ever helped destroy a brand more thoroughly than Jim Wilkinson. Bring it.

Digg!

Tagged as: bush, wall street, paulson, wilkenson

Digby is the proprietor of Hullabaloo.


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Kinda off topic... but I thought you would want to know
Posted by: Sister_Lauren on Jun 25, 2009 9:45 PM   
Current rating: 1    [1 = poor; 5 = excellent]
Is the Mormon Church Hiding Its Funding of the National Organization for Marriage?

On second thought, maybe it is not off topic at all.

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BBQ a banker - hell, all of them. And Paulson's head on a pike the mfer.
Posted by: thekidde on Jun 26, 2009 6:00 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
As for the Morons, er Mormons, their religion is as wacky as any and in some cases (magic underwear, Eden in Missouri, native Americans the lost tribe of Israel, dead Mormons get their own planet for all their wives and rugrats) more delusional than even Catholicism or Islam.

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Lipstick on a monster.
Posted by: grindermonkey on Jun 26, 2009 7:30 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Until the unbridled greed and fatuous antics of bankers are controlled by law, no amount of selling will work. These people have sold OUR HOMES AND PRIVATE PROPERTY for fees and commissions to alien beings. They would compromise the Republic for 3%.

Their penance should be to submit to ETERNAL partition and regulation - the same regulation in the repealed Glass Act. An eleventh commandment should be enacted to underscore this regulation's importance: "Thou shalt not create imaginary wealth nor covet thy nation's treasury."

Apply the rule of law and THEN we can look at lipstick colors.

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Have it our way
Posted by: inprov73 on Jun 26, 2009 7:45 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
They should hire the person who does the Burger King ads - BK. In fact they could use the same ad. They could just have the Consumer face the opposite direction and bend over.

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leftbank
Posted by: markw4786 on Jun 26, 2009 8:04 AM   
Current rating: 5    [1 = poor; 5 = excellent]
It seems the bankers have also enlisted Pres Barack Obama and his industry handlers, Summers and Geithner in this effort. At last report, Mr Obama is doing his part. The Wall Street multi trillion $$$ bailout, the flaccid financial reform package, the mortgage "reform" package that froze sub-prime high rates, turning his back on auto industry labor and refusing to investigate the corruption, fraud and grand larceny that led to this debacle (with the catchy phrase: "We choose to look forward, not back"...sounds cool).
Between slick Wall Street PR efforts, Obama's "working man roots" shtick and American's ignorance is bliss ethic Wall Street will once again fool the nation.

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I got news for you banker crooks
Posted by: willymack on Jun 26, 2009 2:27 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
I'm gonna be a really tough sell. I couldn't stand banks or bankers when I was a kid, and you haven't done doodley-squat to make me change my mind.

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Words divorced from meaning
Posted by: susanhathaway on Jun 26, 2009 5:44 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Advertising has just taken the last step off the cliff (or down the rabbit hole): words are used solely because the advertisers think those words will appeal to people, not because those words mean anything at all.

"Change," "accountability," "green," "transparency," and "I take full responsibility" are but a few examples of empty words and phrases used for no reason except that the people putting them out there think they sound good, not because they care what those words ought to mean--and, of course, they are counting on the target audience not to think about what they ought to mean.

How many times, for instance, has someone connected to the Bush/Cheney crime syndicate used the phrase "I take full responsibility" with the knowledge that there will be NO consequences for his/her actions? The same thinking is now leading to the "rebranding" of the banks by calling them something other than what they are. Because "dishonest, criminal, greed-driven thugs" doesn't sell.

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And they want to give the super-secretive, central bank more power?
Posted by: ATH on Jun 27, 2009 10:03 AM   
Current rating: 5    [1 = poor; 5 = excellent]
It's obvious that President Obama is completely controlled by these central, international, and Wall-Street bankers. After all, it's the bankers who finance the M.I.C's wars. The MIC has enormous influence over our government. Weapons are our #1 export, and we are basically a war economy, which is why there is such gross economic inequality. These weapons do not benefit our society in any other fashion. The MIC (Military Industrial Complex..sometimes, I refer to the MICs, plural, by which I mean the combined forces of the MIC with the Medical Industrial Complex, which includes "Big Pharma")exercises enormous control over our government, and the people who finance the MIC, these "banksters," have even more power and influence. Especially the very unique institution known as the Federal Reserve, which is not a true government agency, but a private corporation acting as government agency. There is no other institution structured in this way, or as Greider says, "cloistered." The government has no control over the FED, although there is a bill that, if passed, will finally allow Congress to audit this private, central bank.

The Federal Reserve is the cause of the "boom and bust cycle" people have been tricked into believing is a "natural business cycle."
There can be no "free market" as long as the FED exists. By artificially keeping interest rates low, and manipulating the amount of money and credit available, the FED blows up these bubbles, and benefits immensley, and they benefit again when they burst. They are the ultimate inside-traders, and they are the reason labor has been destroyed, real money backed by gold no longer exists, and why our dollar is being drained of its purchasing power by the FED, due to its "out of thin-air" creation of enormous amounts of Federal Reserve Notes, which are "loaned" to their fellow bankers and banks--many which may be the very "member banks" that own the FED. But no one really knows who these banks are, but it's not too hard to figure out. What's harder to discover are the FED's secret shareholders, as it is a private corporation, incorporated in Delaware. Technically, it's considered a non-profit organization, because it's supposed to return all profits to the Treasury. However, since no one knows exactly how much money they are creating, or anything they are doing, due to their extreme secrecy, we can't know what their true profits are.

Bankers--Central, international, corporate, and Wall-Street--finance both sides of all wars. They make the winner pay the debts of the loser if they can't pay themselves, and they charge considerable interest for this financing. This is the basis for a large part of the economy; it is why we are such a rich nation, but all the money goes to these few people in the MIC and the FED/Wall-Street banking cartel. It is also why we are always inciting violence around the world.

If they want to try to put bankers in good light, I say to them: good luck! These bankers are why families are being kicked out of their homes every 20 seconds; they are the cause of this whole recession. They are the cause of millions who lost their life savings by investing in these triple A rated toxic assets and CDOs. And, to top it all off, they laugh at us! Executives on Wall-Street were throwing dollars down on the protesters and laughing! To them, robbing families and leaving children to sleep in cars is funny to them. These are extremely self-centered, egotistic people who wouldn't stop to save a child unless they thought there was money in it for them. They are barely human, really, with no apparent empathy for what the rest of us are suffering through while they rob this nation and its citizens blind!

I'm almost out of space, so I will finish this in a 2nd post.

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And they want to give the super-secretive, central bank more power? Part 2
Posted by: ATH on Jun 27, 2009 10:17 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
We should work on our on campaign to expose all that these "banksters" have done, like throwing multi-thousand dollar parties after taking huge bailouts from we the taxpayers, and continuing to award six-figure bonuses to their incompetent CEOs after taking billions in taxpayer money. The FED has dropped 9 trillion dollars into the black-hole bailout, and even the Inspector General of the FED doesn't know--or won't say--where this money went. That's a lot of money. Just one trillion is such a large number, that even if you started at birth, and lived to a hundred, you couldn't count to 1 trillion in your lifetime. Or, if you were born at the time of Christ, and had a trillion dollrs, you could spend a million dollars every day, 7 days a week, 365 days of the year, and you would still have enough left to keep spending a million a day for about another 300 years! This is the kind of thing I'm talking about: doing this severely devalues the dollar. And sooner or later, the world will stop accepting the dollar, and a new currency will replace the dollar as the world's 'reserve currency.' My advice to anyone with enough money for it to matter, to ger rid of your F.R. notes and trade them for Yen or Euros or gold. Even if one is a billionaire, if the dollar is severely devalued or destroyed, one will be completely broke. So, it maybe a good idea to trade in those dollars for something more stable and real. I don't think the dollar will collapse, unless there is another round of "bail-outs" but all that money will probably cause some inflation, even though right now we're still in a deflationary stage.

"If the American people ever allow private banks to control the issuance of their currency, first by inflation, then by deflation, the banks, and the corporations which will rise up around them, will deprive the people of all their property, until their children wake up homeless..."
--President Thomas Jefferson

In 1835, Andrew Jackson shut down the private central bank that preceeded the Federal Reserve, or FED, and completely paid off the National Debt. He is the only President in history to do this. The way our monetary system works now, if we paid all of our debts, there would be no money in circulation, because our money is based on credit and debt. This where the idea of "wealth creation" was again institutionalized in the FED. Of course, wealth creation is actually debt creation. This is what President Jackson said:
"The bold efforts the present bank has made to control the government...are but premonitions of the fate that awaits the American people should they be deluded into a perpetuation of this institution, or the establishment of another like it."--President Andrew Jackson. Of course, we were deluded into creating another bank like it--The Federal Reserve.And now, President Obama's answer to our economic woes is to give the FED--which stood by and did nothing--if anything, it assisted what took place--during the formation of the housing bubble. It's sheer insanity to grant more power to an institution that can easily be seen as already controlling more power than the government! As no one, except maybe the NSA, is as secretive as the FED. It's just unbelievable.
I ask that others join me in calling their representatives in both houses of Congress and talling them that we strongly oppose this decision. We should be working to abolish the FED, not give it more power. As long as the FED exists, there will not be economic equality, and our monetary system will continue to benefit only a select few.

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» Excellent... Posted by: zigy