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Keyword: goldmansachs

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  • Daily Kickoff: Rising Star Israeli diplomat George Deek | Ted Cruz to host Iran strategy meeting

    07/28/2015 11:19:05 PM PDT · by 2ndDivisionVet · 3 replies
    SCENE LAST NIGHT: Less than a mile or so from Chabad Lubavitch's HQ at 770 Eastern Parkway, around 80 Hillary for America supporters gathered at the home of former White House Jewish Liaison Jarrod Bernstein and Hildy Kuryk, currently communications director at Vogue, to hear from the Clinton campaign's senior advisors including manager Robby Mook, vice chairwoman Huma Abedin and finance director Dennis Chang. SPOTTED: Recent Chairman of the Conference of Presidents Bob Sugarman, Obama mega-bundler Sarah Kovner, Tusk Ventures' Seth London, Anya Hoerburger of Intermedia Partners, Samantha Maltzman, Jill Strauss, Samantha Vinograd of Goldman Sachs and formerly at office...
  • Greek Debt Crisis: How Goldman Sachs Helped Greece to Mask its True Debt

    07/01/2015 7:45:42 AM PDT · by SeekAndFind · 8 replies
    Der Spiegel ^ | 02/08/2010 | By Beat Balzli
    Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country's already bloated deficit. Greeks aren't very welcome in the Rue Alphones Weicker in Luxembourg. It's home to Eurostat, the European Union's statistical office. The number crunchers there are deeply annoyed with Athens. Investigative reports state that important data "cannot be confirmed" or has been requested but "not received." Creative accounting took priority when it came to totting...
  • Judge reopens FOIA case on Hillary Clinton aide Abedin (Huma)

    06/20/2015 8:23:41 AM PDT · by PROCON · 15 replies
    politico ^ | June 19, 2015 | JOSH GERSTEIN
    Reacting to the disclosure that Hillary Clinton exclusively used a private email account during her tenure as secretary of state, a federal judge agreed Friday to reopen a conservative group's Freedom of Information Act lawsuit seeking details about the employment arrangements of top Clinton aide Huma Abedin. However, U.S. District Court Judge Emmet Sullivan declined — for now — to address claims from Judicial Watch that Clinton's use of the private account and server led State Department officials to commit a fraud on the court by certifying they had turned over all responsive records.
  • GOP contenders take turns bashing Wall Street

    06/14/2015 8:05:27 AM PDT · by GIdget2004 · 19 replies
    The Hill ^ | 06/14/2015 | Kevin Cirilli
    Republican presidential candidates are increasingly adopting anti-Wall Street rhetoric, as they assail Democrats’ tactics to rein in big banks and appeal to voters’ distrust of the financial sector. In recent weeks, former Texas Gov. Rick Perry declared he is "fed up" with Wall Street's antics, Sen. Ted Cruz (R-Texas) slammed Goldman Sachs and Ohio Gov. John Kasich derided the banking industry as rife with greed. The fiery language comes as the landmark 2010 Dodd-Frank financial reform law nears its fifth anniversary next month. The Democrat-backed statute, Congress’s response to the 2008 economic crisis, put into place hundreds of new regulations,...
  • TED CRUZ HQ: A Note to Conservatives on Trade Agreements

    06/13/2015 4:07:12 PM PDT · by 2ndDivisionVet · 237 replies
    Ted Cruz for President ^ | June 12, 2015 | Staff
    Senator Cruz entirely understands the widespread suspicion of the President. Nobody has been more vocal in pointing out the President’s lawlessness or more passionate about fighting his usurpation of congressional authority. Senator Cruz would not and will not give President Obama one more inch of unrestricted power. There have been a lot of questions and concerns about the ongoing Pacific trade negotiations. Many of those concerns, fueled by the media, stem from confusion about Trade Promotion Authority (TPA) and the proposed Trans-Pacific Partnership (TPP). Let’s unpack the issues one by one. What are TPA and TPP? TPA stands for Trade...
  • Ted Cruz is right on the trade deal

    06/13/2015 12:40:40 PM PDT · by 2ndDivisionVet · 193 replies
    The Examiner ^ | June 13, 2015 | J. Maropoulakis Denney
    TPA, or similar a law, has existed for decades. The recent vote in the U.S. Senate was a renewal of the TPA, and Senator Ted Cruz, perhaps the foremost constitutional conservative in the Senate, supported it because it created a process in which the president could be held accountable. TPP was never voted on in the Senate or the House, and its language has not even been finalized. My objection, at this point, to the Trans Pacific Partnership (TPP) is that it is secret, and only members of congress are permitted to read it. Ted Cruz has read it, and...
  • Cruz avoids mentioning his wife's Goldman Sachs job

    06/13/2015 6:45:19 AM PDT · by ncalburt · 201 replies
    investment news ^ | march 25,2015 | investment news
    http://www.investmentnews.com/article/20150324/FREE/150329968/cruz-avoids-mentioning-his-wifes-goldman-sachs-job
  • Prison labor helps U.S. solar company manufacture at home ( Suniva & Goldman Sachs )

    06/10/2015 11:58:39 AM PDT · by george76 · 15 replies
    Reuters ^ | June 10 , 2015 | Nichola Groom
    One of the largest companies to manufacture solar panels in the United States uses a surprising resource to keep costs low and compete against producers from China: prison labor. Suniva Inc, a Georgia-based solar cell and panel maker that is backed by Goldman Sachs Group Inc, farms out a small portion of its manufacturing to federal inmates as part of a longstanding government program intended to prepare them for life after prison. Suniva does not actively publicize its work with the prisons, saying it prefers to talk about its in-house factories in Georgia and Michigan, which handle most of its...
  • This Is How Little It Cost Goldman To Bribe America's Senators To Fast Track Obama's TPP Bill

    05/31/2015 6:16:54 AM PDT · by cutty · 56 replies
    Zero Hedge ^ | 05/30/2015 | Tyler Durden
    It took just a few days after the stunning defeat of Obama's attempt to fast-track the Trans Pacific Partnership bill in the Senate at the hands of his own Democratic party, before everything returned back to normal and the TPP fast-track was promptly passed. Why? The simple answer: money. Or rather, even more money. Because while the actual contents of the TPP may be highly confidential, and their public dissemination may lead to prison time for the "perpetrator" of such illegal transparency .... fast-tracking the TPP, meaning its passage through Congress without having its contents available for debate or amendments,...
  • The world is drowning in debt warns Goldman Sachs

    05/26/2015 3:46:19 PM PDT · by concernedcitizen76 · 31 replies
    UK Telegraph ^ | May 26, 2015 | Szu Ping Chan
    The world is sinking under too much debt and an ageing global population means countries' debt piles are in danger of growing out of control, the European chief executive of Goldman Sachs Asset Management has warned. Andrew Wilson, head of Europe, Middle East and Africa (EMEA), said growing debt piles around the world posed one of the biggest threats to the global economy.
  • Goldman Sachs Predicting $45 Oil By October

    05/20/2015 11:34:40 AM PDT · by bananaman22 · 8 replies
    Oilprice.com ^ | 20-05-2015 | pricingpoints
    Could oil prices be in for yet another decline? Oil prices have rebounded with surprising speed in recent weeks, with WTI prices bouncing by more than a third from March lows. There are good reasons for this. Rig counts are down by nearly 1,000 (or nearly 60 percent) since hitting a high in October 2014. Spending on some of the world’s largest projects has been cut by a combined $129 billion, a figure that could balloon to $200 billion by 2016. The spending and drilling contraction is finally leading to some small production declines.
  • Ex-Goldman Sachs Programmer Found Guilty in Split Verdict

    05/01/2015 12:04:27 PM PDT · by Brad from Tennessee · 1 replies
    New York Times ^ | May 1, 2015 | By BEN PROTESS and MATTHEW GOLDSTEIN
    For the second time in five years, Sergey Aleynikov was convicted on charges of stealing confidential computer trading code from his former employer, Goldman Sachs. The first time it took a federal jury just hours to convict; this time it came after more than a week of deliberation and an accusation of “food poisoning” and avocado tampering in a state court jury room. A jury on Friday convicted Mr. Aleynikov on one of the counts he faced but found him not guilty on another. They deadlocked on a third count against Mr. Aleynikov, who smiled nervously after the decision was...
  • Goldman Paid Bill Clinton $200,000 For Speech Before Bank Lobbied Hillary Clinton

    04/28/2015 2:09:47 AM PDT · by afraidfortherepublic · 1 replies
    International Business Times ^ | 4-28-15 | David Sirota & Andrew Perez
    Goldman Sachs paid former President Bill Clinton $200,000 to deliver a speech in the spring of 2011, several months before the investment banking giant began lobbying the State Department, then headed by Hillary Clinton, federal records reviewed by International Business Times show. Goldman’s objective in lobbying the State Department could not be immediately discerned. The lobbying disclosure filings note only that Goldman sought to “monitor deficit reduction issues” -- specifically, a bill known as the Budget Control Act -- and the bank declined to answer questions about the precise nature of its interests Three days after Bill Clinton accepted Goldman’s...
  • Almost 4 years after MF Global failed, Jon Corzine is reportedly getting ready for a comeback

    04/20/2015 4:35:09 AM PDT · by Enlightened1 · 28 replies
    Business Insider ^ | Myles Udland
    Jon Corzine is thinking about making a comeback. According to a report from The Wall Street Journal, Corzine, who was formerly chairman of Goldman Sachs and the CEO at hedge fund MF Global before it went bankrupt in 2011, is considering a comeback. The Journal's Julie Steinberg and Rob Copeland report that Corzine has discussed plans about starting a new fund and that it would be started from his personal wealth and a small group of outside investors. The new fund could have around $150 million in assets under management, the report said. MF Global, which was a $1.6 billion...
  • Here Are The 379 Companies Urging The Supreme Court To Support Same-Sex Marriage

    03/06/2015 8:36:21 AM PST · by GIdget2004 · 94 replies
    Huff Post ^ | 03/05/2015 | Alexander C. Kaufman
    Big business has come out in favor of same-sex marriage. Exactly 379 corporations and employer organizations urged the Supreme Court to strike down state bans on gay marriage, according to a friend-of-the-court brief obtained by The Huffington Post. The document was expected to be filed late Thursday morning. “Employers are better served by a uniform marriage rule that gives equal dignity to employee relationships,” reads the brief, filed by global law firm Morgan Lewis. “Allowing same-sex couples to marry improves employee morale and productivity, reduces uncertainty, and removes the wasteful administrative burdens imposed by the current disparity of state law...
  • The Goldman Sachs primary

    03/06/2015 1:23:53 PM PST · by nascarnation · 8 replies
    Politico ^ | 3/2/2015 | Ben White
    NEW YORK — Forget the Democratic and Republican primaries: The two biggest names in the 2016 presidential race are competing directly against each other in an elite forum, the halls of Goldman Sachs. Jeb Bush will be back in New York raising money next week with his sights set on Goldman, the wealthiest and most successful bank in Wall Street history. He has a pair of events scheduled for next Wednesday with current and former Goldman executives, sources familiar with Bush’s plans said. The events signal that Bush hopes to go head to head for Goldman money and support with...
  • Wall Street Pays Bankers To Work in Government and It Doesn't Want Anyone to Know

    02/12/2015 2:19:12 PM PST · by Lorianne · 8 replies
    New Republic ^ | 04 February 2015 | David Dayen
    Citigroup is one of three Wall Street banks attempting to keep hidden their practice of paying executives multimillion-dollar awards for entering government service. In letters delivered to the Securities and Exchange Commission (SEC) over the last month, Citi, Goldman Sachs and Morgan Stanley seek exemption from a shareholder proposal, filed by the AFL-CIO labor coalition, which would force them to identify all executives eligible for these financial rewards, and the specific dollar amounts at stake. Critics argue these "golden parachutes" ensure more financial insiders in policy positions and favorable treatment toward Wall Street.''
  • Goldman Sachs CEO Key Investor in Hillary's Son-In-Law's Hedge Fund

    02/04/2015 9:34:38 AM PST · by Jack Black · 11 replies
    Weekly Standard ^ | FEB 4, 2015 | Daniel Halper
    The Wall Street Journal has a revealing report on the hedge fund Eaglevale Partners LP, which is run by Hillary Clinton's son-in-law, Marc Mezvinsky. The fund, it turns out, bet big on a turnaround in the Greece economy -- and lost. "Eaglevale Partners LP, founded by Marc Mezvinsky and two former colleagues from Goldman Sachs Group Inc., told investors in a letter sent last week they had been 'incorrect' on Greece, helping produce losses for the firm’s main fund during two of the past three years, according to the letter. Mr. Mezvinsky married Chelsea Clinton, the former first daughter, in...
  • Climate Change’s Bottom Line

    02/01/2015 6:08:36 AM PST · by Oldeconomybuyer · 42 replies
    New York Times ^ | January 31, 2015 | By BURT HELM
    It was 8 degrees in Minneapolis on a recent January day, and out on Interstate 394, snow whipped against the windshields of drivers on their morning commutes. But inside the offices of Cargill, the food conglomerate, Greg Page, the company’s executive chairman, felt compelled to talk about global warming. Mr. Page is a member of the Risky Business Project, an unusual collection of business and policy leaders determined to prepare American companies for climate change. It’s a prestigious club, counting a former senator, five former White House cabinet members, two former mayors and two billionaires in the group. The 10...
  • Center for American Progress won’t account $5 million in donations

    01/22/2015 6:35:32 AM PST · by opentalk · 3 replies
    FireAndreaMitchell ^ | January 21, 2015
    Obama lackey John Podesta who founded the far left Center for American Progress is about as transparent as Obama. The Center of American Progress has been hiding it’s donor lists for month. Finally, today they were shamed into releasing a partial list of donors. Problem is Podesta’s Center for American Progress isn’t accounting for over $5 million in donations from ‘anonymous sources.’ Podesta will likely be a big part of Hillary Clinton’s run next year, if the old granny does in fact run. Wonder if she’ll get questions about her buddy Podesta’s missing $5 million. Funny too that you don’t...
  • Major corporations funding “gay” indoctrination in elementary schools across America.

    12/29/2014 7:27:53 AM PST · by massmike · 59 replies
    http://massresistance.com/ ^ | 12/29/2014 | n/a
    It's every parent's nightmare, but true: Major U.S. corporations are funding a campaign of sophisticated, psychologically intrusive "gay" indoctrination programs targeting very young children in elementary schools across America. It’s part of a very well-planned and well-funded effort to reach children as young as possible without their parents’ intervention. The national program, called “Welcoming Schools”, skillfully works on the minds of young children in three ways: (1) Introducing the concept of homosexuality to children. (2) Telling them that homosexuality is normal and natural. (3) Telling them that their parents or friends who portray homosexuality in a less than positive way...
  • Ford Foundation pours millions into net neutrality to guarantee billion-dollar investments

    12/15/2014 4:13:03 PM PST · by george76 · 8 replies
    Watchdog ^ | December 15, 2014 | Josh Peterson and Yaël Ossowski
    In addition to major telecommunications firms aiming to influence the public debate on net neutrality, there’s the Ford Foundation, the second-largest private foundation in the world. “If you are a foundation for justice in the world, and you don’t understand that the Internet is going to be a major battleground in this century, and you’re not engaged in that fight and supporting people who are concerned about access and security, you’re going to be left out of one of the most important justice issues of the day,” Foundation President Darren Walker told the Council on Foreign Relations this summer. “And...
  • Goldman's Entire Outlook For The Markets And Economy for 2015 In One Slide

    11/24/2014 7:35:36 AM PST · by SeekAndFind · 5 replies
    Business Insider ^ | 11/24/2014 | Sam Ro
  • RentEconomist Jonathan Gruber’s Ties to Goldman Sachs/Hamilton Project/Obama

    11/15/2014 3:00:08 PM PST · by Sons of Union Vets · 27 replies
    Firedoglake ^ | fflambeau
    ....In my far less titillating research on the Hamilton Project (see work listed below), I have come across some interesting ties between MIT economist Jonathan Gruber and the Hamilton Project. Gruber–it turns out–carries bags for the Obama administration and the Goldman Sachs, Robert Rubin-funded Hamilton Project. Gruber is a RentEconomist ready and seemingly willing to take any economic position (pardon the RentBoy inspired pun) you might want, for money that is, lots of it as Emptwheel has shown....... ....But while I have been doing research recently on the links between the Obama government and Robert Rubin and Goldman Sachs and...
  • The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare (Fake Story)

    11/08/2014 9:50:08 AM PST · by Bigun · 14 replies
    Rolling Stone ^ | November 6, 2014 | Matt Taibbi
    Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking By Matt Taibbi | November 6, 2014 "It was like watching an old lady get mugged on the street," she says. "I thought, 'I can't sit by any longer.'" Fleischmann is the central witness in one of the biggest cases of white-collar crime in American history, possessing secrets that JPMorgan Chase CEO Jamie Dimon late last year paid $9 billion (not $13 billion as regularly reported – more on that later) to keep the public from hearing. Back in 2006, as a...
  • Goldman Sachs: Expect U.S. crude to fall to $70 next year

    10/27/2014 2:02:27 PM PDT · by thackney · 19 replies
    Fuel Fix ^ | October 27, 2014 | Ryan Holeywell
    U.S. benchmark crude prices will fall to $70 per barrel next year, according to a new forecast published by Goldman Sachs Monday, suggesting that the recent and pronounced slide in oil prices isn’t a temporary phenomenon. The decline is due to oil production growing at a faster pace than demand, leading to global oil market that’s oversupplied. The report called the change inevitable, noting that “getting to a point where the market shifted back into surplus was only a matter of time.” The report predicts that West Texas Intermediate will fall to $70 per barrel in the second quarter of...
  • How Goldman's Libya case could disrupt derivatives

    10/21/2014 7:47:02 AM PDT · by Lorianne · 3 replies
    CNBC ^ | 21 October 2014 | Matt Clinch
    A costly legal battle between Goldman Sachs and the Libyan sovereign wealth fund could have more permanent repercussions for the global banking industry, experts have told CNBC. The Libyan Investment Authority has accused Goldman of misleading it and taking advantage of its lack of financial knowledge to make "substantial" profits on a series of derivative trades back in 2008. The bank denies the allegations and a full hearing has been touted to begin in early 2016 after a preliminary hearing was completed earlier in the month. The LIA claims the disputed derivative trades in early 2008 cost $1 billion, and...
  • Peak Ebola? Even Goldman Is Now Warning About The Ebola Fear Factor

    10/17/2014 5:11:20 PM PDT · by Morgana · 9 replies
    ZeroHedge.com ^ | 10-17-14 | Tyler Durden
    News about the spread of the Ebola virus has been an increasing focus for market participants in recent days. Despite rising media coverage, Ebola seems to have had little discernible effect on consumer sentiment to date. However, as Goldman Sachs notes, the "fear factor" associated with Ebola appears more significant than in past instances of pandemic concern. While expert opinion sees the likelihood of a significant outbreak of Ebola in the US as very low, it is likely any negative macroeconomic consequences are most likely to be transmitted through fear or risk-aversion channels.
  • Smoking Gun Evidence That The New York Fed Serves The Interests Of Goldman Sachs

    09/29/2014 2:03:59 PM PDT · by SeekAndFind · 30 replies
    TEC ^ | 09/28 | Michael Snyder
    For years, many people have suspected that the New York Fed is more or less controlled by the "too big to fail" banks. Well, now we have smoking gun evidence that this is indeed the case. A very brave lawyer named Carmen Segarra made a series of audio recordings while she was working for the New York Fed. The 46 hours of meetings and conversations that she recorded are being called "the Ray Rice video for the financial sector" because of the explosive content that they contain. What these recordings reveal are regulators that are deeply afraid to do anything...
  • #TOLDYA On Goldman

    09/29/2014 9:59:13 AM PDT · by SatinDoll · 6 replies
    Barnhardt ^ | Sept. 29, 2014 | Ann Barnhardt
    I tweeted this the other day, but it needs to be pounded and driven so as many people as possible know and understand it. “I Am Putting Everything In Goldman Sachs Because These Guys Can Do Whatever The Hell They Want.” That title comes from a tweet by Eric Hunsaker of Nanex. It is morally incorrect, obviously, but it rhetorically drives home the point. I was encouraged yesterday by a person whom I did not expect to be following such news asking me if I had heard about “those Goldman Sachs tapes”. It was a sweet moment. “Yes,” I said....
  • Exclusive: Goldman group set to buy message system as alternative to Bloomberg - sources

    08/03/2014 8:04:46 PM PDT · by Ernest_at_the_Beach · 5 replies
    Reuters ^ | Sunday Auf 4, 2014 14 hours ago | By Lauren Tara LaCapra and Jennifer Saba
    NEW YORK (Reuters) - Wall Street firms led by Goldman Sachs Group Inc are close to buying a stake in chat and instant messaging startup Perzo Inc in pursuit of an alternative to a similar application from Bloomberg LP, sources familiar with Goldman's plans said.
  • Goldman Sachs managing director, 39, found dead after kiteboarding accident

    07/24/2014 12:57:29 PM PDT · by Nachum · 39 replies
    Daily Mail ^ | 7/21/14 | Daily Mail Reporter
    A Goldman Sachs managing director has died following an apparent kiteboarding accident, police said. The body of 39-year-old Nicholas Valtz was found floating off Lazy Point in Napeague Harbor, Long Island, on Sunday. The amateur kiteboarder was still attached to his kite, while his gear was scattered in a grassy area of the harbor. The East Hampton Star reported the Brooklyn resident went kiteboarding early in the morning. When he failed to return by 2pm, relatives he was staying with at a Bridgehampton home called police. 'We’re deeply saddened by this tragedy and our thoughts are with Nick’s family,' Goldman...
  • The Clintons’ Goldman Sachs Gold Mine

    07/04/2014 4:45:40 PM PDT · by 2ndDivisionVet · 3 replies
    Right Wing News ^ | July 3, 2014 | Dick Morris
    The never-ending Clinton money grab is more than $150 million deep. One of their most lucrative benefactors is Wall Street powerhouse Goldman Sachs. Since leaving the White House, Bill and Hillary have collected more than $3 million from the banking goliath in campaign contributions, speaking fees and donations to their private foundation. In addition, Goldman has underwritten some of Hillary’s pet projects, including a partnership with the State Department on a women’s project conceived by Hillary. There’s more — Goldman also made commitments in the millions to the Clintons favorite programs at the Clinton Global Initiative. Of course, that money...
  • "Clinton Inc." Raises Almost $3 Billion, And The Biggest 'Donor' Is...

    07/03/2014 9:44:52 AM PDT · by mojito · 10 replies
    ZeroHedge ^ | 7/2/2014 | Tyler Durden
    "Clinton Inc. is going to be the most formidable fundraising operation for the Democrats in the history of the country. Period. Exclamation point," is how on Republican lobbyist describes the Bill-and-Hillary show and as WSJ reports, in total, the Clintons raised between $2 billion and $3 billion from all sources, including individual donors, corporate contributors and foreign governments. They have raised more than $1 billion from U.S. companies and industry donors during two decades on the national stage through campaigns, paid speeches and a network of organizations advancing their political and policy goals. Financial Services firms have been one of...
  • Obama gives Canada cold shoulder

    04/21/2014 6:18:45 PM PDT · by rickmichaels · 16 replies
    Toronto Sun ^ | APRIL 21, 2014 | Ezra Levant
    Barack Obama waited nine months before replacing the last U.S. ambassador to Canada. The post was empty, and Obama just didn’t care. He doesn’t much like Stephen Harper – compare Obama’s icy body language towards Harper, to Obama’s deep bow when he met the Saudi king, or his high fives with the Hugo Chavez, the late ruler of Venezuela. Don’t feel singled out. That’s how Obama treats many of America’s traditional allies. He spied on German Chancellor Angela Merkel’s cellphone. The White House's bust of Winston Churchill was returned to the United Kingdom when Obama became president. Get used to...
  • Two Billion in Ukrainian gold takes wing, but to whom?

    03/17/2014 10:01:11 AM PDT · by Oldpuppymax · 10 replies
    Coach is Right ^ | 3/17/14 | George Spelvin
    All of the gold in the Ukraine is rumored to have been flown out of Boryspil Airport, Kiev at 2 a.m. Ukrainian time early on March 11 according to an unsubstantiated email CiR just received. The entire Ukrainian gold stash could have taken flight into the New York Fed via an Atlantic air transport airlift according to a former Goldman Sachs hedge fund manager based out of Hong Kong. Here is the text of the Email sent to CiR that carried the warning that “This has not been verified,” and has been linked to King World News Blog, dated March...
  • China: Gold Price Decline Premeditated; US Has Started a Currency War

    01/15/2014 7:33:03 PM PST · by Publius · 91 replies
    China Money Report ^ | 15 January 2014
    China National Gold Group Corporation General Manager Sun Zhaoxue has come out and told the world media that the US is suppressing the gold price. The reason for America’s manipulation of gold is to ensure US Dollar dominance on the world stage. America has by default ended up with the world’s reserve currency and therefore gets the world to work for them in exchange for an ever increasing supply of printed greenbacks. He also went on with an excellent analysis of America’s war against Europe and the Euro using their investment banks. Another good insight from Sun Zhaoxue is that...
  • Washington & Wall Street: Too Big to Fail and the Detroit Bankruptcy

    12/30/2013 2:49:03 PM PST · by george76 · 9 replies
    Breitbart ^ | 27 Dec 2013 | Christopher Whalen
    the bogey man known as “systemic risk” to gain advantage over the other creditors . ... In order for the OTC casino to work, the derivatives contracts had to be given special priority in bankruptcy. Speculative derivative instruments such as credit default swaps (CDS), which caused the failure and government bailout of American International Group, could never exist in significant size were in not for the safe harbor from bankruptcy for derivatives created by Congress in the 1980s and 1990s. Members of Congress from both parties were paid very well for their treachery. ... The intellectual author of the “systemic...
  • Too Big To Fail Banks Are Taking Over As Number Of U.S. Banks Falls To All-Time Record Low

    12/07/2013 10:37:20 AM PST · by SeekAndFind · 21 replies
    TEC ^ | 12/06/2013 | Michael Snyder
    <p>The too big to fail banks have a larger share of the U.S. banking industry than they have ever had before. So if having banks that were too big to fail was a "problem" back in 2008, what is it today? As you will read about below, the total number of banks in the United States has fallen to a brand new all-time record low and that means that the health of the too big to fail banks is now more critical to our economy than ever. In 1985, there were more than 18,000 banks in the United States. Today, there are only 6,891 left, and that number continues to drop every single year. That means that more than 10,000 U.S. banks have gone out of existence since 1985. Meanwhile, the too big to fail banks just keep on getting even bigger. In fact, the six largest banks in the United States (JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley) have collectively gotten 37 percent larger over the past five years. If even one of those banks collapses, it would be absolutely crippling to the U.S. economy. If several of them were to collapse at the same time, it could potentially plunge us into an economic depression unlike anything that this nation has ever seen before.</p>
  • REPORT: A Really Bad Currency Trade Totally Ruined Goldman's Quarter

    11/21/2013 8:11:03 AM PST · by SeekAndFind · 4 replies
    Business Insider ^ | 11/21/2013 | Steve Perlberg
    The Wall Street Journal's Justin Baer reports that a "complex bet in the foreign-exchange market backfired" for Goldman. Specifically, the forex desk bet incorrectly on the value of the dollar versus the Japanese yen, according to the report. Oops! Every quarter, we look at all the major bank's trading revenue from fixed income, currencies, and commodities dubbed "FICC." But major banks don't break out each component of FICC, so when Goldman Sachs reported $1.25 billion FICC net revenue during the third quarter, down 44% from 2012 and 49% from Q2 2013, we only had this explanation from the earnings report...
  • Hillary Clinton’s Lucrative Goldman Sachs Speaking Gigs

    10/31/2013 7:45:51 AM PDT · by Leaning Right · 19 replies
    National Review Online ^ | October 30, 2013 | Alec Torres
    Hillary Clinton spoke at two separate Goldman Sachs events on the evenings of Thursday, October 24 and Tuesday, October 29. As both Politico and the New York Times report, Clinton’s fee is about $200,000 per speech, meaning she likely netted around $400,000 for her paid gigs at Goldman over the course of six days.
  • A Wife Committed to Cruz’s Ideals, but a Study in Contrasts to Him (So it begins)

    10/23/2013 11:43:23 PM PDT · by 2ndDivisionVet · 36 replies
    The New York Times ^ | October 23, 2013 | Ashley Parker
    At first glance, Senator Ted Cruz’s wife, Heidi Nelson Cruz, seems to be just the sort of person the Tea Party supporters who celebrate her husband’s anti-establishment positions love to hate. A vegetarian with a Harvard M.B.A., Mrs. Cruz is a managing director at Goldman Sachs, one of the Wall Street firms that helped set off the populist rage that ushered Mr. Cruz into the Senate in 2012. She works for Goldman in Houston, where she lives with the couple’s two young children, and as her husband’s fame has increased — depending on the audience, he is among the most...
  • Boehner: Obama gambling with economy by refusing to talk

    10/07/2013 11:35:54 AM PDT · by Cincinatus' Wife · 24 replies
    The Hill ^ | October 7, 2013 | Pete Kasperowicz
    Speaker John Boehner (R-Ohio) said Monday that President Obama is putting the economy at risk by refusing to negotiate with Republicans over spending and the debt ceiling. "The president's refusal to negotiate is hurting our economy and putting our country at risk," Boehner said on the House floor. Boehner expressed disbelief at reports that Obama would rather see a debt default than talk to Republicans. "This morning, a senior White House official this morning said that the president would rather default than to sit down and negotiate," he said. "Really?" "The American people expect when their leaders have differences, and...
  • After Shutdown: Administration Gives $445,000,000 to Corporation for Public Broadcasting

    10/04/2013 9:25:05 AM PDT · by IbJensen · 37 replies
    CNS News ^ | 10/3/2013 | Terrence P Jeffrey
    (CNSNews.com) - On the first day of the “shutdown” of the federal government, when members of the U.S. Senate were going to the well of their house to point out that the shutdown would prevent the National Institutes of Health from starting clinical trials for cancer patients and others facing possibly terminal illnesses, the administration was giving $445,000,000 to the Corporation for Public Broadcasting, according to the Daily Treasury Statement. That means PBS NewsHour, National Public Radio and Sesame Street got a taxpayer subsidy during the shutdown, but not would-be cancer patients at the NIH. The $445 million the Treasury...
  • Does Goldman have a better economic pulse than BofA? Why replace the latter in the Dow Index?

    09/11/2013 7:21:38 AM PDT · by SeekAndFind · 5 replies
    Fortune ^ | 09/11/2013 | Nin Hai Tseng
    Dow Jones says a goal of the 30-stock index is to capture the pulse of the broader economy. So why replace a rebounding Bank of America with Goldman Sachs? In the biggest change of the 30-stock index in nearly a decade, three companies will be replaced on the Dow Jones Industrial Average. Alcoa, Bank of America, and Hewlett-Packard are out, Nike, Goldman Sachs, and Visa (V) are in. The shake-up partly reflects declining fortunes and share prices, but the timing and reasons are nonetheless curious when we look at the departure of Bank of America (BAC). Like other big banks,...
  • Dow Jones Adds Goldman Sachs, Visa and Nike: Drops Bank of America, HP and Alcoa

    09/10/2013 7:25:32 AM PDT · by SeekAndFind · 14 replies
    Top News USA ^ | 09/10/2013 | Ryan Bilanich
    Dow Jones Industrial Average has planned adding Goldman Sachs, Visa and Nike. The index will also remove Hewlett-Packard, Bank of America and Alcoa. Investment bank Goldman Sachs would benefit from the addition to the stock index. The changes will be implemented from September 23. Dow Jones includes 30 stocks and gives an indication of the better performing companies in the stock market. The three companies to be removed from the index were trading low on the stock markets. The stocks have underperformed the market. Goldman Sachs stock was up by 2.3 percent in premarket trading. Visa and Nike both were...
  • European banks to quit London if UK left EU: Goldman executive

    09/03/2013 9:53:52 AM PDT · by Olog-hai · 23 replies
    Reuters ^ | Mon Sep 2, 2013 1:30pm EDT
    European banks would leave London “in very short order” if Britain voted to exit the European Union, a senior Goldman Sachs executive said in a newspaper interview published on Monday. Michael Sherwood, a vice-chairman at the bank, said the prospect of a British withdrawal was a real worry given Prime Minister David Cameron’s plans to hold a referendum on the subject if re-elected in 2015. … Goldman’s Sherwood predicted European banks would quickly relocate if Britain did sever its EU ties. “Forget what we would do. Every European firm would be gone in very short order,” he was quoted as...
  • Former Obama czar says we need more fear of global warming (Sunstein)

    08/28/2013 10:07:34 AM PDT · by opentalk · 23 replies
    Daily Caller ^ | August 27, 2013 | Michael Bastasch
    Former White House regulatory czar Cass Sunstein says the international community hasn’t fought global warming because the people aren’t afraid enough. “An understanding of what human beings fear — and what they do not — helps to explain why nations haven’t insisted on more significant emissions reductions,” writes Sunstein, who is now a professor at Harvard Law School. According to Sunstein, one reason people don’t fear global warming is because they don’t associate it with any “particular tragedy or disaster.” … Sunstein notes, that there “are no obvious devils or demons — no individuals who intend to create the harms...
  • Germany not keen to join France and UK in Syria strike

    08/27/2013 1:46:31 PM PDT · by Tailgunner Joe · 50 replies
    euobserver.com ^ | August 27, 2013 | Andrew Rettman
    BRUSSELS - Germany has indicated it will not take part in any military strike on Syria, as France and the UK signal readiness to join a US-led intervention. Philipp Missfelder, the foreign affairs spokesman for German Chancellor Angela Merkel's CDU party, said in the Leipziger Volkszeitung daily on Tuesday (27 August) that: "The [German] army has, through its current international operations, already reached the breaking point." He added that a Western strike could create a "spiral of escalating violence" by drawing Iran and the Lebanese militant group, Hezbollah, deeper into the conflict. He also said military action without a UN...
  • There Was A Guy Hanging Out Near Goldman Sachs Handing Out Donuts And Coffee For A Job This Morning

    08/08/2013 7:54:16 AM PDT · by SeekAndFind · 34 replies
    Business Insider ^ | 08/08/2013 | Julia La Roche
    A tipster sent us this photo of an enterprising young man outside the Battery Park ferry terminal near Goldman Sachs and NYMEX giving out free donuts and coffee so he can get hired. His name is Michael Penn and he's 23 years old. We caught up with Penn over the phone moments ago. He told us that he wants to get into the investment banking industry in any type of business development role. Setting up this stand outside of the ferry terminal by Goldman was one way to get his name out there. "People were coming up to me. They...