HOW GOLDMAN SACHS' PROBLEMS ARE HURTING YOU

The title story by John Crudele as published in The New YorK Post on lne edition.

Over the past few years I've looked into the much-too-cozy relationship between Goldman and Washington.

I've suspected that this Wall Street firm has been acting, in essence, as an arm of the government. And I am also pretty sure that if Goldman and Washington have something secret going on, the investment firm isn't doing it for altruistic reasons. There's money to be made.

WAKE UP AMERICA!  What is truly going on?  It appears that there are so many people making so many similar observations that there are things going on that appear to be criminal.  

Well, you know the old saying, "If it walks like a duck and quacks like a duck, IT MUST BE A DUCK".



John Crudele of the New York Post seems to think this "duck" is up to no good - an opinion shared by many.  Yet no one has declared open season on "duck" hunting.  Why is that and who should make that announcement?

And despite Paulson's contention it would be entirely inappropriate for him to discuss sensitive matters with people who could profit from the information. It is, in fact, illegal. And the penalty could be jail time. 

Criminals do belong in jail.  There is enough criminal activity going around within our financial institutions to fill several of the so called detention centers set up around the country to house civil protester's labeled as low level terrorists.
 
Let me ask; is deliberate manipulation of a financial system for self gain at the expense of the entire nation a form of treason and terrorism?  While Americal suffers and hungers, our financial institutions thrive, using our money - besides -  to make it even more criminal.

What has been of particular interest to me is whether Paulson contacted his friends at Goldman after a lunch with Federal Reserve Chairman Ben Bernanke on Thurs., Aug. 16, 2007.

That day Wall Street seemed to get wind of the idea that the Fed was planning to do something big, and stock prices rallied strongly at the very end of that trading session.

The very next morning Bernanke cut interest rates, the first of many such moves.
This was the start of the Goldman suspicions.

Very suspicious indeed, Mr. Crudele.  But you go on to tell us even more.

Then The New York Times got hold of Paulson's phone records for Sept. 2008, which detailed loads of calls between him and Goldman right before the government's decision to bail out AIG, a huge insurance company.

The Treasury said there was nothing wrong with the phone calls. (emphasis added)

Now we seem to be going from a "duck" story to something that smells pretty fishy...a "fish" story.  

Here goes the "fish" story;

And, in an interview with the Journal, Tim Geithner claimed the government never did anything to benefit Goldman.

But then he also admitted that Washington had been "forced to do extraordinary things and, frankly, offensive things to help save the economy."

Nobody bothered to ask about those "offensive" things and whether they had anything to do with Goldman. (Note:  Emphasis as it appeared in original article)

Yes, I remember reading this in the WSJ and wondering as I read it, what "offensive things".  My answer to myself was that everything they were doing was "offensive".  In fact, this whole economic crisis that began as a so called "mortgage meltdown" was "offensive" to me and smelled pretty "fishy".

Now, here is something in Mr. Cordele's article that poses even a better question and frankly one I overlooked when it was first reported.  So please pay attention here.

The most intriguing recent mention of Goldman occurred back in July when a former employee of that company named Sergey Aleynikov was arrested for stealing proprietary computer codes.

The Justice Department snapped right to it, saying in court: "The bank (Gold man) has raised the possi bility that there is a dan ger that somebody who knew how to use this pro gram could use it to ma nipulate the market in unfair ways."
Is that what Goldman was doing with the program? Was it manipulating the market in unfair ways? Why else would it have had such abilities? (Note:  Emphasis in original article)

I have to repeat the last paragraph quote above.  Sorry but it has to be heard loudly.
Is that what Goldman was doing with the program? Was it manipulating the market in unfair ways? Why else would it have had such abilities?

My Question is also, "why would it have such abilities?"  Hmmmm.

Mr. Cordele says, "Either the Congressional Oversight Committee or the Justice Department should start doing their job. And if any investigator gets grief from the Treasury, then we will automatically know that there has been wrongdoing."  but I say, it should be our Criminal Justice System.  The same system that arrested and convicted Bernie Madoff - who I am beginning to believe - was just the fall guy for Goldman, JP Morgan and a shield for our Treasury and SEC.

Let's get our "ducks" in a row and go "fishing".