Skip to comments.Goldman Sachs and the Cap-and-Trade Jackpot
Posted on 02/13/2010 9:14:23 PM PST by gibtx2
From the website that is not approved by Goldman Sachs
Senators Dianne Feinstein (D-CA) and Olympia Snow (R-ME) have introduced a bill to make the Commodity Futures Trading Commission the sole regulator of the carbon market created by cap-and-trade legislation.
So does this mean that freebooting Goldman Sachs could be the de facto regulator of the carbon market?
The current chairman of the CFTC is Gary Gensler, formerly of Goldman Sachs. Goldman Sachs is a part owner of the exchanges where carbon allowances would be traded. Goldman Sachs has spent millions of dollars lobbying for cap-and-trade legislation in anticipation of making billions of dollars at the expense taxpayers and consumers. Goldman has a special exemption from the CFTC to exceed the trading limits normally placed on commodity speculators. Not only was this exemption secret for 17 years, the CFTC recently had to ask Goldman for permission to release the letter to Congress! Goldman Sachs employees are heavy contributors to the Democratic Party giving it over $4.4. million in the last election. Barack Obama received more than $997,000, Feinstein received $24,250, and Snowe received $17,000 from Goldman. All-in-all, this could result in a pretty decent return-on-investment for Goldman.
As the global warming bubble inflates and then bursts, will Goldman Sachs self-regulate all the way to the bank
making record profits at the expense and misery of taxpayers and consumers?
(Excerpt) Read more at goldmansachs666.com ...
Cr@p & tax carbon allowances are the new derivatives or phantom securities that the fat cats in finance create to enrich themselves and fleece the rest of us. The liberals in government are on board with the scheme as they figure they will be part of the rich crowd and we peasants will do our masters’ biddings.
These carbon allowances promise to offset carbon use by sponsoring trees not cut in the Amazon or new grasslands in Kenya or somewhere we can’t check up on the promise to offset carbon use. The money actually ends up shared by the finance fat cats and whatever government that licenses the fake securities. Don’t fall for this deal, it’s as fake as the data made up to scare us to believe in global warming or climate change or whatever the greenies talk about.
so how close it Goldman Sachs to GE on Cap and Trade they partners..
That’s just going to create a robust black market. “Psst! Hey buddy! Wanna buy some carbon dioxide?”