Goldman Sachs ...
Under Obama, Crony Capitalism Again Rules the Day
The Great American Bubble Machine how Goldman Sachs has engineered every major market manipulation
‘The formula is relatively simple: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. Then they hoover up vast sums from the middle and lower floors of society with the aid of a crippled and corrupt state that allows it to rewrite the rules in exchange for the relative pennies the bank throws at political patronage. Finally, when it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again, riding in to rescue us all by lending us back our own money at interest, selling...
Greece Paid Goldman $300 Million To Help It Hide Its Ballooning Debts
Simon Johnson: Goldman Is About To Be Blacklisted And Possibly Banned In Europe
Simon Johnson: Goldman Is About To Be Blacklisted And Possibly Banned In Europe Joe Weisenthal Feb. 15, 2010, 6:45 AM MIT professor Simon Johnson raises some provocative scenarios in regards to Goldman’s participation in Greece’s scheme to obfuscate its debt levels. In particular, he expects a full audit of the company, and perhaps some kind of ban: If the Federal Reserve were an effective supervisor, it would have the political will sufficient to determine that Goldman Sachs has not been acting in accordance with its banking license. But any meaningful action from this direction seems unlikely. Instead, Goldman will probably...
Geithner’s Backdoor Bailout for AIG
Federal Reserve Bank of New York Subpoenaed in AIG
Heres the latest in the question of the New York Fed, Treasury Secretary Tim Geithner and the AIG bailout, as weve covered here at Big Government before (here and here). Last year, Iraq war vet Kevin Murray brought a lawsuit against the Treasury Department and Ben Bernanke (Murray vs. Geithner, et al) for its acquisition of AIG a scheme that made the US taxpayer the worlds largest provider of Shariah-compliant insurance products. Lawyers David Yerushalmi and The Thomas More Law Centers Robert Muise found, in the course of discovery, that that was just the tip of the iceberg. Yerushalmi and...
Testy Conflict With Goldman Helped Push A.I.G. to Edge
Billions of dollars were at stake when 21 executives of Goldman Sachs and the American International Group convened a conference call on Jan. 28, 2008, to try to resolve a rancorous dispute that had been escalating for months. A.I.G. had long insured complex mortgage securities owned by Goldman and other firms against possible defaults. With the housing crisis deepening, A.I.G., once the worlds biggest insurer, had already paid Goldman $2 billion to cover losses the bank said it might suffer. A.I.G. executives wanted some of its money back, insisting that Goldman like a homeowner overestimating the damages in a...
The Trojan Horse Meets the Vampire Squid (Goldman Sachs innovates to restructure Greece’s debts)
Goldman Sachs and the Cap-and-Trade Jackpot
Goldman Caught Using European Loophole To Help Massively Understate Greek Deficit
Goldman Sachss CEO Blankfein Gets $9 Million Bonus for 2009
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