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Jack Bauer can't stop 'The Goldman Conspiracy'
http://www.marketwatch.com/news/story/Even-Jack-Bauer-couldnt-stop/story.aspx?guid={BE0D1772-A628-454D-80BF-C4484CEBA7DF} ^

Posted on 04/21/2009 1:51:18 AM PDT by FromLori

10 reasons why Wall Street has absolute power over America's democracy

By Paul B. Farrell, MarketWatch Last update: 7:13 p.m. EDT April 20, 2009Comments: 22 ARROYO GRANDE, Calif. (MarketWatch) -- Two mind-numbing fast-paced dramas. Two parallel worlds. One real, one fiction, both deadly. Jack Bauer, mythic hero of "24." Dying from a deadly bio-pathogen leaked from weapons developed by Starkwood, a rogue mercenary army attacking the presidency, hell-bent on taking over America. The other drama in play: "Hank the Hammer" Paulson, iconic Wall Street hero, a Trojan Horse placed inside Washington by Goldman Sachs as Treasury Secretary in control of America's $15 trillion economy. Goldman, a modern dynasty with vast financial powers much like those once used by the de' Medici, Rothschilds and Morgans to control nations.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy
KEYWORDS: aigderivatives; comingdepression; creditdefaultswaps; goldmanconspiracy; goldmansachs; martinarmstrong; urlisnotthesource

1 posted on 04/21/2009 1:51:18 AM PDT by FromLori
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To: FromLori
Bauer works with garafalo... if he were a real man he would deal with that problem. No more 24!

LLS

2 posted on 04/21/2009 4:27:59 AM PDT by LibLieSlayer (hussein will NEVER be my President... NEVER!!!)
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To: FromLori

Saw something about the Goldman plot on a marketwatch comments to an article yesterday...not sure if I can find it again....


3 posted on 04/21/2009 10:03:21 AM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: Ernest_at_the_Beach
Maybe on the links at this Blog:

Catherine, Financial Permaculture, Money & Markets and News & Commentary

****************************EXCERPT************************

April 16, 2009 at 12:04 pm

Goldman Sachs is very much in the news these days. We thought we would aggregate the stories under one roof along with our favorite quote on the firm from a taxi driver in Kuala Lumpur:

“Why does Goldman Sachs run your government? What’s wrong with America is that it’s run by investment bankers, mostly from the same bank. How can Americans stand for it? Is Barack Obama from Goldman Sachs, too?”

4 posted on 04/21/2009 10:20:09 AM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: Ernest_at_the_Beach

If you do I would like to see it!


5 posted on 04/21/2009 10:22:36 AM PDT by FromLori (FromLori)
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To: FromLori
Interesting:

Goldman Sachs hires law firm to shut blogger's site

*************************EXCERPT********************

From the UK Telegraph...2:16PM BST 11 Apr 2009

By James Quinn, Wall Street Correspondent

The bank has instructed Wall Street law firm Chadbourne & Parke to pursue blogger Mike Morgan, warning him in a recent cease-and-desist letter that he may face legal action if he does not close down his website.

Florida-based Mr Morgan began a blog entitled "Facts about Goldman Sachs" – the web address for which is goldmansachs666.com – just a few weeks ago.

In that time Mr Morgan, a registered investment adviser, has added a number of posts to the site, including one entitled "Does Goldman Sachs run the world?". However, many of the posts relate to other Wall Street firms and issues.

According to Chadbourne & Parke's letter, dated April 8, the bank is rattled because the site "violates several of Goldman Sachs' intellectual property rights" and also "implies a relationship" with the bank itself.

Unsurprisingly for a man who has conjoined the bank's name with the Number of the Beast – although he jokingly points out that 666 was also the S&P500's bear-market bottom – Mr Morgan is unlikely to go down without a fight.

He claims he has followed all legal requirements to own and operate the website – and that the header of the site clearly states that the content has not been approved by the bank.

On a special section of his blog entitled "Goldman Sachs vs Mike Morgan" he predicts that the fight will probably end up in court.

"It's just another example of how a bully like Goldman Sachs tries to throw their weight around," he writes.

Speaking to The Daily Telegraph, Mr Morgan explained how he went through a similar battle with US homebuilder Lennar a few years ago after he set up a website to collect information on what he alleged was shoddy workmanship in its homes. The pair eventually settled out of court.

6 posted on 04/21/2009 10:25:22 AM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: LibLieSlayer
Bauer works with garafalo... if he were a real man he would deal with that problem. No more 24!

You missed last night episode where Jeanne mounted the bio-weapon as a marital aid and was vaporised when it mysteriously went off. Too bad.

7 posted on 04/21/2009 10:26:01 AM PDT by McGruff (I guess it all depends upon what the meaning of "bow" is.)
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To: FromLori
Getting closer...

Behind the Curtain4!9!09

This is Martin Armstrong's "Tell All"

And

The Goldman Sachs Conspiracy Bible (GS)

Joe Weisenthal|Apr. 15, 2009, 10:24 AM

*****************************EXCERPT*************************

Theories about Goldman Sachs (GS) running a shadow government, or something nearly as dramatic, are all the rage these days.

The smoking gun, holy grail document that everyone's passing around is a 19-page treatise called "Behind the Curtain". It's written by Martin A. Armstrong, a former commodities investor who's now serving time in prison for scamming Japanese investors.

Honestly, we haven't read the whole thing, as we kind of stopped at the part where he talks about the assassination plot against him in prison, but we'd love to hear your take.

Behind the Curtain4!9!09

******************************************

Video at the link....have not viewed it.....

8 posted on 04/21/2009 10:33:41 AM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: FromLori
OK...I think this is the Blog that I was looking at yesterday...:

Thursday, April 9, 2009---Martin Armstrong Article Anthology

*************************EXCERPT*******************************

Below are links to 12 of Martin Armstrong’s most recent articles. As far as I know, this is the only compilation of all 12 articles on the web.

I have gone over his situation before, he is in prison as I explained and provided research links for in my article Martin Armstrong's Latest... from behind bars. My source tells me that the SEC has just agreed to review his case.

I believe his work to be much more valuable than the drivel the mainstream is constantly feeding us. His work and understanding of economic cycles is out of the box and colored by his life experience, but appropriately so. His cycle dates, however, are not necessarily perfect/exact (take them to be plus or minus) and are not necessarily aligned with just the markets in the U.S. Therefore, you should not attempt to “trade” them on a short term basis. They are the larger forces at work and you should instead look for signs of significant developments around his cycle dates. For example, he had a cycle date in February, 2007 that corresponded to a top in the Nikkei and also in IYR – Commercial Real estate. Another major date is April the 19th… only 10 days from now.

I am listing his articles roughly by date, most recent first (not all the articles were dated, I do not know the order of those) and will add a link to this post in the right column labeled “Other Articles” so that you can find it easily. There’s a ton of information to digest. Most of it is very good, all of it is interesting. Much of it deals with his situation and he does look “at the man behind the curtain,” so keep an open mind as you read, and remember that he is writing these the old fashioned way, on an IBM Selectric!

9 posted on 04/21/2009 10:39:35 AM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: FromLori
Dropping another link here:

The Coming Depression

Has a Dramatic chart by Martin Armstrong....

and notes....

***************************EXCERPT*******************************

1) Of the top nineteen (19) banks in the nation, sixteen (16) are already technically insolvent.

2) Of the 16 banks that are already technically insolvent, not even one can withstand any disruption of cash flow at all or any further deterioration in non-paying loans.

3) If any two of the 16 insolvent banks go under, they will totally wipe out all remaining FDIC insurance funding.

4) Of the top 19 banks in the nation, the top five (5) largest banks are under capitalized so dangerously, there is serious doubt about their ability to continue as ongoing businesses.

He then goes on to list things that we know to be factual, including derivatives exposure (mostly in interest-rate swaps and similar.)

This appears to have led to Treasury issuing the following statement this morning:

The U.S. Treasury Department has not yet received the results of "stress tests'' on the health of the nation's 19 top banks, spokesman Andrew Williams said Monday, after a blog said it had obtained the test results and some U.S. bank shares moved lower.

That's a lie.

How do we know its a lie?

Because of this from April 10th:

April 10 (Bloomberg) -- The U.S. Federal Reserve has told Goldman Sachs Group Inc., Citigroup Inc. and other banks to keep mum on the results of “stress tests” that will gauge their ability to weather the recession, people familiar with the matter said.

The Fed wants to ensure that the report cards don’t leak during earnings conference calls scheduled for this month. Such a scenario might push stock prices lower for banks perceived as weak and interfere with the government’s plan to release the results in an orderly fashion later this month.

How can you be ordered not to release something you don't have?

10 posted on 04/21/2009 10:48:15 AM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: FromLori; dennisw
Related thread:

Goldman Sachs hires law firm to shut blogger's site- goldmansachs666.com

11 posted on 04/21/2009 10:53:46 AM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: FromLori; Jim Robinson
Another related thread:

Geithner gives Goldman Sachs a pass

posted by Jim Robinson

12 posted on 04/21/2009 10:56:11 AM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: Ernest_at_the_Beach
Dropping this link here:

The Turner Radio Network has obtained "stress test" results for the top 19 Banks in the USA.

********************************EXCERPT*************************

The Turner Radio Network has obtained "stress test" results for the top 19 Banks in the USA. (Corrections/clarifications below in orange)

The stress tests were conducted to determine how well, if at all, the top 19 banks in the USA could withstand further or future economic hardship.

When the tests were completed, regulators within the Treasury and inside the Federal Reserve began bickering with each other as to whether or not the test results should be made public. That bickering continues to this very day as evidenced by this "main stream media" report.

The Turner Radio Network has obtained the stress test results. They are very bad. The most salient points from the stress tests appear below.

1) Of the top nineteen (19) banks in the nation, sixteen (16) are already technically insolvent. (Based upon the “alternative more adverse” scenario which had a 3.3 percent contraction of the U.S. Economy in 2009, accompanied by 8.9 percent unemployment, followed by 0.5 percent growth of the U.S. Economy but a 10.3 percent jobless in 2010.)

2) Of the 16 banks that are already technically insolvent, not even one can withstand any disruption of cash flow at all or any further deterioration in non-paying loans. (Without further government injections of cash)

3) If any two of the 16 insolvent banks go under, they will totally wipe out all remaining FDIC insurance funding.

4) Of the top 19 banks in the nation, the top five (5) largest banks are under capitalized so dangerously, there is serious doubt about their ability to continue as ongoing businesses.

5) Five large U.S. banks have credit exposure related to their derivatives trading that exceeds their capital, with four in particular - JPMorgan Chase, Goldman Sachs, HSBC Bank America and Citibank - taking especially large risks.

6) Bank of America`s total credit exposure to derivatives was 179 percent of its risk-based capital; Citibank`s was 278 percent; JPMorgan Chase`s, 382 percent; and HSBC America`s, 550 percent. It gets even worse: Goldman Sachs began reporting as a commercial bank, revealing an alarming total credit exposure of 1,056 percent, or more than ten times its capital! (HSBC is NOT in the top 19 banks undergoing a stress test, but is mentioned in the report as an aside because of its risk capital exposure to derivatives)

7) Not only are there serious questions about whether or not JPMorgan Chase, Goldman Sachs,Citibank, Wells Fargo, Sun Trust Bank, HSBC Bank USA, can continue in business, more than 1,800 regional and smaller institutions are at risk of failure despite government bailouts!

The debt crisis is much greater than the government has reported. The FDIC`s "Problem List" of troubled banks includes 252 institutions with assets of $159 billion. 1,816 banks and thrifts are at risk of failure, with total assets of $4.67 trillion, compared to 1,568 institutions, with $2.32 trillion in total assets in prior quarter.

Put bluntly, the entire US Banking System is in complete and total collapse.

Bonifides

For those who may be skeptical about the veracity of the stress test report above, be reminded that only last Sunday, April 12, this radio network obtained and published a Department of Homeland Security (DHS) Memo outlining their concerns that returning US military vets posed a domestic security threat as "right wing extremists." That memo, available here, is marked "FOR OFFICIAL USE ONLY" and contained strict warnings that it was not to be released to the public or to the media. We obtained it and published it days before other media outlets.

Link to Reuters deleted at their request 0842 HRS 21 April 2009

Further, todays Wall Street Journal (April 20, 2009) is confirming at this link that lending by the largest banks has DECREASED 23% since the government began the T.A.R.P. program, causing many in Congress to ask where the money has actually been going. Apparently, it has been going into propping-up the failing banks instead of out in loans to the public.

Additional details and proofs are forthcoming. . . . . continue to check back on this developing story.

UPDATE 1154 HRS EDT April 20, 2009 --


The United States Treasury has openly and brazenly lied regarding our stress test report and we can prove they have lied about it.

This morning, the United States Treasury issued a statement (HERE) claiming they do not yet have the results of the Stress Tests, rebuking our report

How do we know its a lie?

Because of this from April 10th:

April 10 (Bloomberg) -- The U.S. Federal Reserve has told Goldman Sachs Group Inc., Citigroup Inc. and other banks to keep mum on the results of “stress tests” that will gauge their ability to weather the recession, people familiar with the matter said.

The Fed wants to ensure that the report cards don’t leak during earnings conference calls scheduled for this month. Such a scenario might push stock prices lower for banks perceived as weak and interfere with the government’s plan to release the results in an orderly fashion later this month.

How can you be ordered not to release something you don't have?

Since that was published on the 10th of April, we therefore know that the results exist and Treasury, the banks involved and The Fed have them, as The Fed was concerned that some banks might try to use them (perhaps in a misleading fashion) during their first quarter conference calls and earnings releases.

Sorry guys, but whether the Turner Radio Network has the real results or not is no longer material. What's material is the claim that Treasury doesn't have them, since they told the banks on the 10th not to release them, and you can't release what you don't have.

The problem with lying is that eventually you forget your previous lies and thus get caught when you contradict yourself.

13 posted on 04/21/2009 11:10:24 AM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: FromLori; NormsRevenge; Grampa Dave; SierraWasp

See #13.


14 posted on 04/21/2009 11:15:20 AM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: All; Fred
More ....tinfoil stuff...FR thread:

A world currency moves nearer after Tim Geithner's slip (Does THE ONE Wants A One World Order??)

********************EXCERPT***************************

03/26/2009 10:12:43 PM PDT · by Fred · 11 replies · 612+ views The Daily Telegraph ^ | 032509 | Ambrose Evans-Pritchard
US Treasury Secretary Tim Geithner confessed on Wednesday that he had not read the plans by China's central bank governor for a "super-sovereign reserve currency" run by the International Monetary Fund, but nevertheless let slip that Washington was "open" to the idea. Whoops. This is how matters quickly escalate in geo-finance. China's suggestion – backed by Russia, Brazil, and India, and clearly aimed at breaking US dollar hegemony – is making its way onto the agenda of the G20 Summit next week. 'Dollar-dämmerung' no longer looks so far-fetched. China's paper, by Governor Zhou Xiaochuan, is couched in understated language –...

15 posted on 04/21/2009 11:22:34 AM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: All
And a Blog:

New World Order Currency Due Soon Obama-Bush-Clinton Crime Family Syndicate Update

*****************************EXCERPT********************************

Explosive Back Breaking News



by Tom Heneghan

International Intelligence Expert

Saturday  April 18, 2009

CONSPIRATORIAL TRAITORS Against the American People
Daddy Bush, Obama, BushFRAUD and Clinton

Photo by Pool/Getty Images


UNITED STATES of America  -  It can now be reported that TRILLIONS of dollars of AIG (American International Group), Citibank and Goldman Sachs U.S. dollar counterparty derivatives are sitting in major Japanese and Chinese banks.

These derivatives, due in May, threaten to collapse the World currency market and, once again, jeopardize the entire World banking system.

Note: A counterparty U.S. dollar derivative is actually a bet made that benefits from the appreciation of the U.S. currency.

Almost all of RED China's current assets are dollar dominated.

The now bankrupt Federal Reserve, under the leadership of its former Chairman, sociopath and Bush-Clinton Crime Family Syndicate stooge, Alan Greenspan, guaranteed face value payment on these toxic assets, again, due in May of 2009.

We can now divulge that the Federal Reserve does not have the funds to pay off on these derivatives.

16 posted on 04/21/2009 11:26:15 AM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: Ernest_at_the_Beach
"More ....tinfoil stuff..."

With Obambi having hijacked the presidency, absolutely nothing can be dismissed as "tinfoil stuff". Nothing.

17 posted on 04/21/2009 11:27:25 AM PDT by Czar ((Still Fed Up to the Teeth with Washington))
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To: All; FromLori; Jim Robinson; NormsRevenge; Grampa Dave; SierraWasp

The Blog linked at post # 16...is off the wall with accusations....


18 posted on 04/21/2009 11:31:00 AM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: Czar
From the link at #15....

***************************EXCERPT**********************************

The Special Master will also ask Fitzgerald why he is leaking Federal Grand Jury evidence to former Chicago Tribune editor James Warren, who, himself, is an FBI Division 5 informant, including the copies of the actual tape-recorded conversations involving Rahm Emanuel, Jesse Jackson Jr. and Antoin "Tony" Rezko.

Warren, a closet homosexual, a blackmailer and British Intelligence asset, has been used for years by the U.S. Attorney's office in the Northern District of Illinois to orchestrate frame-ups of politicians who cannot be controlled by the Illinois mafia syndicate.

19 posted on 04/21/2009 11:34:58 AM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: Czar

Whoops...that should have been the link at #16.


20 posted on 04/21/2009 11:37:04 AM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: All
A goodie from the link at #16....

Note: The latest profits posted by banks aka Wells Fargo are based on listing toxic derivatives as being worth 85 cents on a dollar when they are actually worth less than half a cent.

21 posted on 04/21/2009 11:40:59 AM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: FromLori; SeekAndFind; Czar
Back to the original topic...related thread:

Goldman Sachs : Big Profits, Big Questions

22 posted on 04/21/2009 11:47:01 AM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: McGruff

Dang... I always miss the good ones!

LLS


23 posted on 04/21/2009 12:18:16 PM PDT by LibLieSlayer (hussein will NEVER be my President... NEVER!!!)
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To: All; NormsRevenge; Grampa Dave; SierraWasp; FromLori; Czar
Searching onU.S. dollar counterparty derivatives...leads to this:

**************

Who Are The AIG Counterparties? Here Are Some...

***************************EXCERPT****************************

Over at TPM, Josh has been doggedly highlighting the refusal of both AIG and the federal government to reveal the identity of AIG's counter-parties in its disastrous credit default swaps. And several lawmakers have in recent days pressed Tim Geithner and Ben Bernanke on the issue.

The question matters, of course, because AIG needed to make its most recent multi-billion dollar trip back to the public trough (that's over $160 billion in all for AIG, if you're counting) in order to pay back its creditors on those disastrous swaps -- and thereby, we're told, prevent a wider financial collapse. So identifying who those swaps were made with will tell us, in effect, who this latest portion of our money is ultimately going to.

It's worth noting, then, that, thanks to some great reporting from the Wall Street Journal and the New York Times, we do in fact have some preliminary information about who AIG's partners were on the swaps.

This Journal story from October 2008 names the following nine American and foreign banks as having bought swaps from AIG: Goldman Sachs; Merrill Lynch; UBS of Switzerland; Credit Agricole SA of France; Deutsche Bank of Germany; Barclays, and Royal Bank of Scotland Group, of Britain; and CIBC, and Bank of Montreal, of Canada.

Merrill is described by the Journal as a "big client" of the AIG unit that did the swaps.

By the end of 2007, with the value of the underlying assets plummeting, many of these banks had asked for collateral on the swaps, according to the Journal.

For instance, the paper reports that Goldman held swaps that insured about $20 billion of securities. In August 2007, Goldman demanded $1.5 billion in collateral from AIG. It ultimately got $450 million, then another $1.5 billion last October. At that point, says the Journal:

Goldman hedged its exposure by making a bearish bet on AIG, buying credit-default swaps on AIG's own debt.

That picture of Goldman's exposure jibes with a New York Times story from September 2008 about the credit default swaps, which reported that Goldman was AIG's "largest trading partner," and likewise gave a figure of $20 billion for Goldman's exposure to AIG.

The Times also implicates another domestic firm: JP Morgan (now JP Morgan Chase). In fact, it recounts that it was derivatives traders from that company that a decade ago, first brought to AIG's London-based financial products unit, run by Joseph Cassano, the ill-fated idea of doing credit default swaps.

It reports:

Ten years ago, a "watershed" moment changed the profile of the derivatives that Mr. Cassano traded, according to a transcript of comments he made at an industry event last year. Derivatives specialists from J. P. Morgan, a leading bank that had many dealings with Mr. Cassano's unit, came calling with a novel idea.

Morgan proposed the following: A.I.G. should try writing insurance on packages of debt known as "collateralized debt obligations." C.D.O.'s. were pools of loans sliced into tranches and sold to investors based on the credit quality of the underlying securities.

It's not 100 percent clear, then, that JP Morgan Chase is a current counter-party of AIG on the swaps -- but it certainly wouldn't be surprising.

That same Times story offers another hint, albeit a vague one, about the identity of the counter-parties.

While clients and counterparties remain closely guarded secrets in the derivatives trade, Mr. Cassano talked publicly about how proud he was of his customer list.

At the 2007 conference he noted that his company worked with a "global swath" of top-notch entities that included "banks and investment banks, pension funds, endowments, foundations, insurance companies, hedge funds, money managers, high-net-worth individuals, municipalities and sovereigns and supranationals."

What to make of all this? Well, here's one thing.

24 posted on 04/21/2009 12:38:13 PM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: All
From the test at post #24 just above...which would be exceedingly interesting:

Goldman hedged its exposure by making a bearish bet on AIG, buying credit-default swaps on AIG's own debt.

25 posted on 04/21/2009 12:42:36 PM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: Ernest_at_the_Beach
test....should be ...text
26 posted on 04/21/2009 12:44:44 PM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: Ernest_at_the_Beach

I was reading some of Armstrong’s stuff the other day on a recommendation from Jim Sinclair. ( www.jsmineset.com )

Armstrong’s a fascinating character.


27 posted on 04/21/2009 1:59:17 PM PDT by ovrtaxt (We are not to expect to be translated from despotism to liberty in a feather bed. -Jefferson)
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To: FromLori
This is the #1 read piece on the Marketwatch website at the moment...and pulled this out of the comments section:

Government Sachs is in control

**********************EXCERPT****************************

DAVID WEIDNER'S WRITING ON THE WALL

Government Sachs is in control

Commentary: Investment bank has strengthened its position through bailout

He leads one of the Street's biggest bailed-out firms, but unlike other companies propped up by taxpayers, Blankfein's Goldman Sachs Group Inc. is far more profitable. And it's poised to become a more influential force with greater market share.

Different from American International Group Inc or Citigroup Inc Goldman hasn't had to forfeit an ownership stake in its firm, and its shareholders -- many of them management and employees -- have benefited. Goldman shares trade above $100. That's less than half of where Goldman shares traded at their peak, but far better than the $1 and $3 that AIG and Citigroup shares trade for, respectively.

Since the fall of Bear Stearns Cos. a little more than a year ago, Goldman has taken more than $20 billion in taxpayer cash through loans, payments and backstops. Goldman's latest bailout coup was a $12.5 billion paid out of AIG's $180 billion government cash infusion.
Until it was fully extricated, Goldman always characterized its exposure to AIG as "immaterial," and that its $20 billion notional exposure to AIG was hedged. Turns out that it was -- through government bailouts that didn't exist when Goldman entered the contracts.
Even former New York Luv Guv Eliot Spitzer told journalist Fareed Zakaria on Sunday that he thinks something smells.
"The web between AIG and Goldman Sachs is something that should be pursued," Spitzer said. "Why did [those payments] happen, what questions were asked, why did we need to pay 100 cents on the dollar for those transactions if we had to pay anything, what would have happened to the financial system had it not been paid?"
But the AIG-Goldman affair is just the beginning, under the policy enacted by former U.S. Treasury Secretary Henry Paulson, Goldman's chief executive until 2006. Major competitors have failed or been diminished. Goldman already seems, if not just poised, to be dominating what's left of the investment banking landscape.

28 posted on 04/21/2009 2:06:08 PM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: ovrtaxt

I know nothing about him....


29 posted on 04/21/2009 2:07:30 PM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: Ernest_at_the_Beach

I forget where I read it but one giy said the rst of AIG is as toxic as it’s financial products division. That for years AIG has been pulling re-insurance scams where the re-insurer it uses is just another AIG sub-company

THe whole idea of re-insurance is to back up what you insure with more reserves. It has similarities to CDS because they back up your insurance bets with reserves (that are mythical but reserves none the less until last years blowup))


30 posted on 04/21/2009 2:21:36 PM PDT by dennisw (Your action becomes your habit. Your habit becomes your character, that becomes your destiny)
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To: Ernest_at_the_Beach

I hang out on MW too! What’s your handle, I will send you a friend request.


31 posted on 04/21/2009 3:50:33 PM PDT by TenthAmendmentChampion (Be prepared for tough times. FReepmail me to learn about our survival thread!)
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To: Ernest_at_the_Beach

Is this it?

Paul B. Farrell: Even Jack Bauer couldn’t stop ‘The Goldman Conspiracy’
http://www.marketwatch.com/news/story/even-jack-bauer-couldnt-stop/story.aspx?guid=%7BBE0D1772%2DA628%2D454D%2D80BF%2DC4484CEBA7DF%7D&dist=msr_1


32 posted on 04/21/2009 3:53:22 PM PDT by TenthAmendmentChampion (Be prepared for tough times. FReepmail me to learn about our survival thread!)
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To: Ernest_at_the_Beach

Oh oops, that’s the source article. However, there are a bunch of comments on it.


33 posted on 04/21/2009 3:58:25 PM PDT by TenthAmendmentChampion (Be prepared for tough times. FReepmail me to learn about our survival thread!)
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To: Ernest_at_the_Beach

bookmark bump


34 posted on 04/21/2009 9:17:07 PM PDT by AmericanArchConservative (Armour on, Lances high, Swords out, Bows drawn, Shields front ... Eagles UP!)
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To: TenthAmendmentChampion

i just look there ,...don’t have an id...


35 posted on 04/21/2009 10:27:17 PM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: Ernest_at_the_Beach

Thank you so much for the great finds!


36 posted on 04/22/2009 4:55:46 AM PDT by FromLori (FromLori)
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To: FromLori
Going back to the MW forum...found this link...haven't done anything with it though:

Goldman Matrix of holding companies

37 posted on 04/22/2009 9:26:56 AM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: Ernest_at_the_Beach

Zerohedge has an even more detailed one. And check this one out too...

http://www.goldmansachsexposed.blogspot.com/

http://www.goldmansachsexposed.blogspot.com/

http://zerohedge.blogspot.com/2009/04/goldman-web.html

http://zerohedge.blogspot.com/2009/04/so-treasury-was-lying-after-all.html


38 posted on 04/22/2009 9:30:38 AM PDT by FromLori (FromLori)
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To: FromLori

Yikes....just got into the first link...been busy following the CIA Interrogation Memo release and what appears to be Obama’s plan to prosecute past Bush officials over that....could Paulson be next in line....might be more justified....


39 posted on 04/22/2009 9:43:37 AM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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