April 24, 2010 Senate subcommittee investigating financial crisis releases documents on role of Goldman Sachs.
The Subcommittee, whose Chairman is Sen. Carl Levin, D-Mich., and whose Ranking Republican is Sen. Tom Coburn, R-Okla., has conducted a nearly year and a half investigation into the 2008 financial crisis. “Investment banks such as Goldman Sachs were not simply market-makers, they were selfinterested promoters of risky and complicated financial schemes that helped trigger the crisis,” said Sen. Levin. “They bundled toxic mortgages into complex financial instruments, got the credit rating agencies to label them as AAA securities, and sold them to investors, magnifying and spreading risk throughout the financial system, and all too often betting against the instruments they sold and profiting at the expense of their clients.”
“Such proposed power sources and their transmission lines should be built 1000 ft minimum from any places there may be pregnant women, small children, schools, housing with children or potential high density population centers.
I supervised a team that did 2 years of non-ionizing radiation hazard (RADHAZ) surveys. It included power line emission measurements. We only made intensity measurements but were told to avoid drawing conclusions because only highly qualified and education certified “experts” can do that.
In my presentations I offered caution as my best advice. In this case, locate such power plants out in the middle of a nowhere so ugly and desolate that developers will have no interest raising housing suburbs near it. If Santee fits that description then it is a good candidate for such a project.
Caution is called for because our experts and vested interest parties waiver on conclusive hazard findings. One knowledgeable expert once told me ‘that electrical power in the modern world is such a necessity that we must live with all its unknown acceptable risks regardless of what they may eventually turn out to be.’ Fast reproducing and dividing living cells in all living things appear to have some degree of vulnerability when in close proximity to such potential RADHAZ power sources as electrical equipment.
Few dare to take a stand on this subject or even seek funding to conduct effective research studies. Such a controversial subject can lead to unknown future results and expenses.”
We are trying to Stop the power plant that Cogentrix Energy wants to put in the middle of our Santee neighborhood. It’s important to rally our community and show our city council that we won’t stand for this. The plant will burn toxic gas and spew pollution all over Santee.