GoldmanSachs666 Message Board

According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage".[1] In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia

Sunday, April 12, 2009

Did Lloyd Blankfein of Goldman Sachs Lie to Congress?

NOTE: I received an email from the author of the piece below.

Banker CEOs Lied to Congress.
by John Olagues

This article is about how the CEOs of the largest Banks in the world lied to the U.S. Congress about the extent of their equity compensation bonuses. Their deliberate lies were pre-meditated and were intended to deceive the Congress and the viewing public.

Specifically at the 1 hour and 24 minutes into the afternoon session of the Congressional hearing on February 11, 2009, Representative Bill Posey from Florida asked the bankers to declare the value of all the equity compensation that they were granted during 2007. They answered with flat out lies or artificially low values.

NOTE: The article continues and provides details about Ken Lewis or Bank of America, Jamie Dimon of JP Morgan Chase, John Stumpt of Wells Fargo, Vikram Pandit of Citigrop and John Mack of Morgan Stanley.

Here is an excerpt and below a link to the article -

NOTE: The question we must ask is why Congress has not thrown these guys in jail if they lied? And if they did not lie, then the author of the article belongs in jail. But obviously, someone is lying. I'd place my bet on John and his facts . . . and against the bankers.


FM said...

Hi! I've heard that Goldman Sachs want to shut you down! They're so out of touch with the Internet and the truth movement that they never thought that they'd just give you way more exposure!

Good for you and us! If you need help to carry important info, let me know!

Anonymous said...

Im with you ask me what I can do to help . My web address is guys have ruined the American institution of Banking and replaced it with agendas of there own.

Anonymous said...

Thanks to their lawsuit threat, and the resulting Telegraph article, I found this site and have read all of the information provided herein. I probably never would have otherwise.

I love it when bullying backfires. Way to go, Goldman Sachs!

Anonymous said...

Hi from the UK. Just picked up your blog from the Daily Telegraph. More power to your elbow and keep up the good work!

Mebd said...

Hahaha indeed, thanks to their lawsuit, I stumbled onto your site as well! I'm with (the second)anonymous above!

Anonymous said...

I just put a link to this site up on a messageboard on MarketWatch and will continue to do so.

Quilly Mammoth said...

What blows me away is the number of high ranking Clinton Administration officials that keep popping up as the financial crisis is researched. Why did Rubin oppose regulating sub-prime derivatives?

The same names over and over. The incest between AIG and Goldman. And there's more.

In 1997 as Deputy Secretary of the Treasury under Robert Rubin, Larry Summers was mostly tasked with helping to stabilize the foreign currency crisis in Mexico and Russia. Part of that was an investment of some $2B in Russian bonds by the investment firm DE Shaw. Bank of America loaned Shaw that money in a derivative deal that allowed the hedge fund to make greater profit.

By the next year the bonds were junk and Nations Bank was ushered in to buy BoA who had taken a $375B writedown. After Larry Summers leaves Harvard he goes to work _for_ DE Shaw, he left there to join President-elect Obamas economic team. Hedge fund negligence, leveraged derivatives and the creation of Mega-Banks by Summers and Rubin...who profited handsomely in later years...the country is in the best of hands!

Quilly Mammoth

Anonymous said...

Everyone try to get this site onto GS' Wikipedia!

Jeff said...

Good work here. Hoping that you do not cave to the legal pressure.

Gill said...

Wish you luck with the blog - here in Europe we would indeed never have heard about it had GS not tried to close you down - how idiotic can you get - it's time more people knew what was going on



Anonymous said...

Great job. Huffington Post just posted a link tonight...(Easter 2009). The joke's on GS.
I have also forwarded your information to investigative journalist Eric Francis and couple of other people. This is going to spread like wildfire. As for your remarks about the Bill Moyers interview with Bill Black... I was discussing this with my good friend last week. Hopefully people will start to wake up.

Anonymous said...

Keep up the good work. You're a great example of a single citizen's power in the Internet age.

Anonymous said...

I have an idea. That you get millions of volunteers around the world to make exact duplicates of this website only under their names.
Why not? Then what is Sachs going to do? Try and shut them all down? SEnd their minions of lawyers around the world!!! The minute they brought in the lawyers, it was all over, this could go viral on them very quickly.

Anonymous said...

Heh, heh, heh - I work at Goldman Sachs. Can't wait to get to work tomorrow and see if this site is blocked (I'm sure it is).

shanker said...

I just learned about your site because of the threatened lawsuit.Isn't it ironic that the criminals are sueing the innocent people.Good luck to you and keep up the good work.

Anonymous said...

I think you have been placed in favor, to fight the good fight. Remember, David took on Goliath, and won! With God, who can be against you?? Pray and battle these Goliaths. God is not mocked and it is about time these arrogant men understood this.

Tim (NOT Geithner) said...

I too heard about this through the rumblings of the disturbed elite crew at Paulson's old stomping ground. Of course they lied. The entire establishment is in deep denial over the mess they have created and are hiding the fact that many top institutions are now bankrupt. But the taxpayers will keep them afloat thanks to pals like Summers and Timothy G. Money talks and they seem to have all of ours at the moment.

Adam Luebke said...

Remember, any publicity is GOOD publicity. Thank all HIGHER powers for the Age of Information. Keep it real, even if Satan itself is trying to shut down your blog.

The Fly said...

Abbey Cohen needs a swift kick to the balls.

The insane amount of corruption that goes on between Goldman and the Governemt is gross.

Im going to email you something about GS, Paulson, a Senator, and a crime.

The only catch is that you have to post it.

This will make your chin hit the floor.

Ive been waiting for the perfect time to get this off my chest.

Enough is enough.

This is going to raise some seriou eyebrows.

Anonymous said...

I , likewise, had only just heard of your blog site thru daily news and, was curious to learn on what grounds GS was citing. Just because "they" say so, means nothing~! If anything, they have done more to hurt their own causes, the moment the phone call was placed.
BTW, I made a copy of your website and, emailed several copies to other email address outside of this country.

Anonymous said...

Great blog. Good thing they tried to shut you down or I'd have missed it. Thank you for keeping us informed.

Anonymous said...

I never heard of this site until GS moved against you. The elevated you with their actions.

Anonymous said...

Power to you, my friend! Linked through to you from the Telegragh article - and I'm not even in the US but in India.

It's sad that you have very very few volunteers - but don't be disheartened. That's the way it is with any sincere cause. Fighting for what is right isn't sexy - dirrrty money is. I know this - I'm fighting corruption here ( HA! what a joke that is).

Am spreading the word here... b t w we have a huge GS branch here in India and the foreign staff here live like MahaMahaRajas. It's great living off OPM ( Other Peoples; Money)

Anonymous said...

Interesting perspective from Forbes on GS who was regularly pumping and forecasting ever higher highs on the crude contracts as it hit nearly $150 bbl crude price. In the process it brought down Semgroup a pipeline co. that was short crude and of course our economy.

Where are the needed investigations? First into the great crude oil pop and manipulation of 2008 where $150 oil put the first knife into the economy, and then into the multi-trillion dollar ripoff of the world at the hands of Wall Street (may I call them banksters?).

Anonymous said...

History of GS and many of the players errr former employee's:

Anonymous said...

Where are they now ? In Government of course !!

3. Alumni

* Henry H. Fowler - 58th United States Secretary of the Treasury (1965-1969)
* Robert Rubin - Former United States Treasury Secretary, ex-Chairman of Citigroup.
* Henry Paulson - Former United States Treasury Secretary.
* Edward Lampert- Hedge Fund Manager of ESL Investments. Brought K-Mart out of Bankruptcy in 2003.
* Joshua Bolten - former White House Chief of Staff
* Erin Burnett - CNBC Host
* Jon Corzine - Governor of the State of New Jersey.
* Michael Cohrs - Head of Global Banking at Deutsche Bank
* Emanuel Derman - Author of My Life as a Quant and co-developer of the Black-Derman-Toy model.
* Jim Cramer - founder of, best selling author, and host of Mad Money on CNBC
* Ashwin Navin - President and co-founder of BitTorrent, Inc.
* Abby Joseph Cohen - Perma-bull market forecaster formerly of Drexel Burnham Lambert
* George Herbert Walker IV - member of the Bush family and current managing director at Neuberger Berman
* Robert Zoellick - United States Trade Representative (2001-2005), Deputy Secretary of State (2005-2006), World Bank President.
* Mark Carney - Current Governor of the Bank of Canada [36] [37]
* Michael D. Fascitelli- President & Trustee of Vornado Realty Trust.
* Neel Kashkari - Assistant Secretary of the Treasury for Financial Stability
* Charlie Haas - Wrestler, who is working for World Wrestling Entertainment.
* Malcolm Turnbull - Australian politician, currently the federal leader of the Liberal Party of Australia.
* John Thain - former Chairman and CEO, Merrill Lynch, and former chairman of the NYSE.
* Robert Steel - Chairman and President, Wachovia.
* Reuben Jeffery III, Under Secretary of State for Economic, Business, and Agricultural Affairs (2007-)
* Romano Prodi, Prime Minister of Italy twice (1996-1998 and 2006-2008) and President of the European Commission (1999-2004) [38]
* Mario Draghi, governor of the Bank of Italy (2006- ) [38]
* Massimo Tononi, Italian deputy treasury chief (2006-2008) [38]

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All I want to say is that it is a complete shame that such a awful thing like that have happened.
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Anonymous said...

Blankfein should do some serious time behind bars. Obama and Holder don't have the balls to prosecute him. Yet they waste our money with Barry Bonds taking steroids. I guess a poor baseball player doesn't contribute enough money to the campaign.

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Mr. Landrum said...

Lloyd Blankfein doesnt need to be in congress. We should all be more aware of whom we pick in order for our country to not get run down as with president obama.

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