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Wall Street Can Wait
theFinancialSkinny ^ | 09/26/2008 | theFinancialSkinny

Posted on 04/16/2010 11:09:53 AM PDT by parkerj

Former Treasury Secretary Hank Paulson is the former CEO of Goldman Sachs.

He didn't have a problem letting Bear Stearns go down the tubes.

He sat and watched while Lehman Brothers went belly-up.

It wasn't until the short sellers got around to attacking Goldman Sachs that he decided there was a crisis of potentially catastrophic proportions and that the taxpayers needed to ante up $700 billion to save his old buddies on The Street.

We'll let you decide if that was a coincidence.


TOPICS: Business/Economy; Constitution/Conservatism; Crime/Corruption; Government
KEYWORDS: bailout; goldmansachs; securitiesfraud; tarp
We published this editorial nineteen months ago on September 26, 2008. Today, the Securities and Exchange Commission charged Goldman Sachs with securities fraud for allegedly misleading investors about a mortgage security it sold to them while betting against that same product.
1 posted on 04/16/2010 11:09:53 AM PDT by parkerj
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To: parkerj
Republicans should run against Goldman Sachs

Goldman is a DEMOCRAT dominated firm, which has become a revolving door between government and Wall Street, for many Democrat political hacks.

Goldman is a piggy bank for the Democrats!

I do not like the attacks on Wall Street, in general, but where Goldman is concerned, the attacks are largely justified!

2 posted on 04/16/2010 11:13:40 AM PDT by Kansas58
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To: Kansas58

We don’t care for the attacks either, but you’re right about GS.


3 posted on 04/16/2010 11:17:11 AM PDT by parkerj
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To: parkerj

The hedge fund shorts - Soros, Stave Cohen (SAC), JC Flowers, John Paulson (no releation), David Shaw and a bunch others just went down the list and then started eating the people financing their gang shorting - Goldman Sachs and Morgan Stanely. The little b**ches at Goldman (Blankfein) and John Mach at Morgan Stanely started squealing like little pigs.

Chris Cox at SEC had no clue what was going on and could have stopped naked shorting and other abuses. Bush should have had a Nick Brady like his old man had. He had no one who knew Wall Street that he could trust - big mistake.


4 posted on 04/16/2010 11:18:07 AM PDT by Frantzie (McCain=Obama's friend. McCain called AMERICANS against amnesty - "racists")
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To: parkerj

Wow, the crooks are accusing the bigger crooks of being crooked!

SEC the FED and Goldman are all in bed with one another. Heck I would not doubt that Goldman guys knew of this announcement and shorted stocks to make money off their own accused wrongdoings.

I hate to say this but this started with Bush not seeing Paulson for who he is. This one really is largely Bush’s Fault. How Bush came to trust anyone associated with Goldman Sachs is unimaginable.


5 posted on 04/16/2010 11:24:21 AM PDT by precisionshootist
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To: Frantzie

It’s always wise for a president to have a Wall Street pro on his team to keep the boys in line.


6 posted on 04/16/2010 11:25:44 AM PDT by parkerj
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To: precisionshootist

We cringed when he hired Paulson, whose wife is a big-time Democrat.


7 posted on 04/16/2010 11:28:14 AM PDT by parkerj
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To: Kansas58
"Republicans should run against Goldman Sachs Goldman is a DEMOCRAT dominated firm, which has become a revolving door between government and Wall Street, for many Democrat political hacks.

Goldman is a piggy bank for the Democrats!

I do not like the attacks on Wall Street, in general, but where Goldman is concerned, the attacks are largely justified!

I agree, totally. And I have a posting record that shows I was pointing it all out long before today.

8 posted on 04/16/2010 11:29:15 AM PDT by LZ_Bayonet ( I AM THE TEA PARTY LEADER !)
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To: parkerj

Bush is a great man with a big heart but I think he put way to much trust in some people that clearly had questionable backgrounds and associations. By mere association with Goldman Paulson should have been scratched from the list of any position in the admin.


9 posted on 04/16/2010 12:08:01 PM PDT by precisionshootist
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To: precisionshootist

It may be a while before another Goldman Sachs executive gets appointed to or nominated for a high government office.


10 posted on 04/16/2010 12:19:58 PM PDT by parkerj
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To: precisionshootist
How Bush came to trust anyone associated with Goldman Sachs is unimaginable.

Most certainly true, and the corruption continues.

We have always questioned whether GWB was just grossly naive or intentionally subversive, on this and other things (e.g. amnesty).

Now we are on to another regime (which incidentally was elected as a reaction to a vague perception of the above about GWB) and the ugliness of the CFR and Washington DC continues, worse than ever, ala Goldman Sachs, Rahm Emmanuel.

The solution is to cut, decentralize, and deprive the federal government of authority and our money. That is what the US Constitution and hopefully the Tea Party is about.

The US voter may be dumb and apathetic but not THAT dumb and apathetic. He just doesn't have any legitimate choices.

Johnny Suntrade

11 posted on 04/16/2010 2:17:57 PM PDT by jnsun (The Left: the need to manipulate others because of nothing productive to offer.)
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