GOLDMAN-SACHS LOOTS AMERICA!

MSNBC ^ | Not Known | Dick Bachert

[Dick Bachert]

IF THIS DOESN'T HACK YOU OFF, NOTHING WILL!!!

Take your blood pressure meds, a Prozac and click on the link.

It was described thus by an earlier critic of the madness we're now living through:

“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many (THAT'D BE MOST OF US), it actually enriches some.” (THAT'D BE GOLDDMAN-SACHS!) John Maynard Keynes, The Economic Consequences of The Peace, 1920

Obozo and Bawney Fwank are proposing a new financial regulatory bureaucracy. Wanna bet none of it will come down on their buds at places like Goldman-Sachs??

Sounds like time for tar and feathers to me.

[Notary Sojac]

the demise of companies like Goldman-Sachs would not have been impact free

In the same way, surgery and radiotherapy have a much bigger "impact" on melanoma than would using Bactine and Band-Aids.

But that doesn't mean they're worse for you in the long run.

[ctdonath2]

Just before a country collapses, it’s leaders & powerbrokers take the money and run.

[ctdonath2]

Business property has taken a severe hit.

Buy now! A lot of great properties are going cheap. Who cares about vacancy rates? the population isn't imploding, so someone will want those rentals again. I recall something about Trump buying a particular near-empty building on prime land for next to nothing, hanging onto it for a while, then renting/selling it for enormous sums.

what are those properties worth if when you sell them, you take payment in “DOLLARS”?

Why dollars? Take payment in whatever you like. If the dollar has collapsed, take yen or euros or gold or art. SOMETHING will be of popular value.

Currency is just a conduit for wealth. If you have enough of it now, you can turn it into deflated investments which will bloom later.

[DoughtyOne]

I initially defended TARP, but it’s been proven undeniably that it was a complete sham. Funds that had to be spent in days or the nation was going down, weren’t spent for months. I’m not even sure they were ever disbursed in total.

Your comment inferring that Goldman-Sachs should have been allowed to fall doesn’t’ meet with objection from me.

The part that would have really infuriated me about that though, is that the people who devised and pushed through the policies that saw it crash, would have remained in positions of power within our government.

They should have been tossed in the nearest prison for cause.

[Dick Bachert]

Doughty, No, the FRIENDS of Goldman-Sachs -- many of whom are former G-S people now or then in government -- are who are destroying our "money" and economy to enrich themselves, with either power or material wealth or both.

Yes, we need a market system like a Wall Street but we need to figure out how to keep that playing field level for EVERYONE. We also have to get shareholders in businesses to pay more attention to what's going on with these interlocking/overlapping boards of directors that lead to the "you scrath my back and I'll vote for your outrageous compensation package" excesses we've seen the last few years. I own shares in at least one company where the compensation of the CEO and top managers is based 80% on COMPANY PERFORMANCE. We need a LOT more of that. Once the public loses confidence that the markets are fair for all, the system will implode. Revolutions have begun for less.

(In a follow-up post, I'll send you a link to two videos by a respected author and student of history describing how and why we she believes we got here. I agree with her.)

I once did a radio interview with a noted national theologian who offered that "Capitalism without an underlying God based faith system (in his and my case Christianity) is nothing more than a HUNTING LICENSE." He was correct and we're living through the result.

And you're preaching to the choir vis-a-vis the role played by Bawney, Chris Dudd, Paulson, et al. In fact, I did this little graphic -- which you've probably stumbled across here before -- many months ago. This is an updated version as it appears that the same criminals are preparing to do it to us a second time. Can I get a BOHICA? (Bend Over, Here It Comes Again.)

Be safe. There are many dangerous folk about and not all of them are with the government.

[Dick Bachert]

“First we shall take eastern Europe, then the masses of Asia. Then we shall take that last bastion of capitalism, the United States. We won’t have to attack. It will fall like an over-ripe fruit into our hands.” V. Lenin
“When we go to hang the last capitalists, they will compete to sell us the rope.”
V. Lenin

STARRING KARL MARX and BARACK OBAMA!
(Ohh, that was redundant!)
MIDDLE CLASS MUST NOT FAIL, PART 1
http://www.youtube.com/watch?v=nmgwCmBmyKU

MIDDLE CLASS MUST NOT FAIL, PART 2
http://www.youtube.com/watch?v=n0JLFHQiMs4

[Dick Bachert]

“When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” – P. J. O’Rourke”

[Dick Bachert]

“When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” – P. J. O’Rourke”

[DoughtyOne]

Both public (not government) sector firms and private investors will make money in the upcoming years. I am not convinced that Goldman-Sachs is getting some sort of great deal that the private sector can’t tap into. If nothing else, people can buy stock that will grow in value.

Yes Goldman-Sachs was bailed out. A lot of private sector folks have had their mortgages bailed out too.

Look, this sucks to you and I. We agree on a lot here.

[Liz]

How Goldman secretly bet on the U.S. housing crash
McClatchy Newspapers | November 1, 2009 | Greg Gordon
Posted Sunday, November 01, 2009 by crosstimbers

WASHINGTON — In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting. Goldman's sales and its clandestine wagers, completed at the brink of the housing market meltdown, enabled the nation's premier investment bank to pass most of its potential losses to others before a flood of mortgage defaults staggered the U.S. and global economies. Only later did investors discover that what Goldman had promoted as triple-A rated investments were closer to junk. Now, pension funds, insurance companies, labor unions and foreign financial institutions that bought those dicey mortgage securities are facing large losses, and a five-month McClatchy investigation has found that Goldman's failure to disclose that it made secret, exotic bets on an imminent housing crash may have violated securities laws. (Excerpt) Read more at mcclatchydc.com ...

============================================

Goldman Sachs Will Be Sitting Pretty With Emanuel in the Obama White House
By Timothy P. Carney, Examiner Columnist, Nov 21, 2008

EXCERPT Today, in these tumultuous times of bailouts and meltdowns when the investment banking leviathan needs Washington more than ever before, Goldman Sachs can leverage its most valuable asset yet White House chief of staff Rahm Emanuel.

Traditionally a Democratic booster, and one of Barack Obama’s top sources of funds in this past election, Goldman has always had particularly strong allies in government.

Rahm Emanuel is one such ally. An interesting early chapter in the Goldman-Emanuel relationship took place in the setting of Bill Clinton’s 1992 campaign for the White House. Clinton hired Emanuel as his chief fundraiser.At the same time, however, Emanuel was on the payroll of Goldman Sachs, receiving $3,000 per month from the firm to “introduce us to people,” in the words of one Goldman partner at the time. This is certainly a noteworthy relationship, but it’s one that has almost entirely escaped scrutiny. (snip)

In his four terms in Congress, Emanuel raised $74,750 from Goldman, making the firm his number four source of funds. Goldman has helped Emanuel. How has Emanuel helped Goldman? The most obvious answer, as mentioned in this column two weeks ago, is in Emanuel’s lead role in shepherding the “$700 billion” bailout—first proposed by former a Goldman CEO, Bush Treasury Secretary Henry Paulson—through the skeptical House.

Of course, back in the Clinton days, Goldman benefited from NAFTA and the bailout of the Mexican currency, with Emanuel pushing NAFTA through Congress, and Rubin hammering out the peso bailout.

Did Goldman improperly funnel money to the Clinton campaign by subsidizing Emanuel’s salary in 1992? Did Goldman’s help to Clinton spur the Democratic president to push NAFTA and the Mexican bailout?

The answers to these questions are opaque, and with Emanuel burrowed deep within the Obama White House, the continued relationship between Goldman Sachs and Obama’s right hand man won’t be easy to follow.

Watch which regulations of Wall Street Obama fights for. Watch where the bailout money goes.

SOURCE http://www.washingtonexaminer.com/opinion/columns/TimothyCarney/ Goldman_Sach_Will_Be_Sitting_Pretty_With_Emanuel_in_the_Obama_White_House_112108.html

THINGS WE DO NOT KNOW ABOUT RAHM EMANUEL Did Rahm reveal all of his ties to financial institutions involved in Obama's trillion dollar federal bailout of financials?

[Liz]

These financial “geniuses” (like Rahm) are “licensed.” Financial licenses can be lifted for any number of reasons. For instance:

If licensees fail to disclose ownership in investment vehicles.

If licensees fail to file proper documentation with govt agencies.

If licensees fail to file reports with The Treasury.

If licensees fail to file state and federal tax returns (stolen money is taxable).

If licensees fail to pay state and federal taxes on hidden profits.

If licensees fail to account for investment proceeds.

HERE’S HOW JUDGES PREDICATE SENTENCING GUIDELINES:
Amount licensee lost to the the Treasury, the taxpayers and others. What role a licensee had in conspiracy schemes to defraud. Whether a licensee obstructed justice in the course of investigations or, later, during trial.

AND LOOK FOR THIS Orchestrating votes for funding schemes——while holding idden equity positions in companies doing business with the govt.

Audits might uncover questionable banking activities, and fraudulent accounting practices. An audit might show two sets of books-—with off-the-books bank accounts accessed solely by govt looters. Illegal schemes might involve:

(1) money laundering,
(2) tax evasion (stolen money is taxable),
(3) violations of US banking and currency laws,
(4) conspiracy to commit wire fraud,
(5) commercial bribery in real estate schemes,
(6) establishing secret offshore bank accounts outside the purview of the IRS,
(7) fraudulent and casual accounting practices,
(8) non-existent financial oversight,
(9) computer trespass, computer tampering,
(10) grand larceny.

ACTION

(1) EMAIL enforcement@SEC.gov

(2) IRS toll free 1-800-829-0433 You may stay anonymous.
(Stolen money is taxable)

(3) Govt officials mishandling tax-exempt revenue are subject to fiduciary negligence laws. EMAILaskDOJ@USDOJ.gov.

(4) Banks holding govt monies should be audited (or be subject to federal regulators).

[winodog]

http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine

They blame Goldman Sachs

[LomanBill]

It is incumbent upon the honorable craftsman

to be aware of whether or not his services are being used

as a means to accomplish evil ends -

and to act accordingly.

[moehoward]

bump