AIG and Goldman Sachs - Scandal, Scheme, Fraud, RICO or ALL

NOTE: When I read this piece on Market Watch, I asked myself why the SEC, FDIC, FBI, CIA, MI6, DGSE and Secret Service haven't done a thing to uncover the stinky-stink at Goldman Sachs and how it has placed their stinky-stink in just about every country on the planet. It's like a science fiction movie with the Evil Genius planting a timed virus throughout the world.

Government Sachs Is In Control
Commentary: Investment bank has strengthened its position through bailout by David Weidner on Market Watch

Lloyd Blankfein must be the luckiest guy on Wall Street. He leads one of the Street's biggest bailed-out firms, but unlike other companies propped up by taxpayers . . .

. . .

Since the fall of Bear Stearns Cos. a little more than a year ago, Goldman has taken more than $20 billion in taxpayer cash through loans, payments and backstops. Goldman's latest bailout coup was a $12.5 billion paid out of AIG's $180 billion government cash infusion.

Until it was fully extricated, Goldman always characterized its exposure to AIG as "immaterial," and that its $20 billion notional exposure to AIG was hedged. Turns out that it was -- through government bailouts that didn't exist when Goldman entered the contracts.

. . .

Even former New York Luv Guv Eliot Spitzer told journalist Fareed Zakaria on Sunday that he thinks something smells.

"The web between AIG and Goldman Sachs is something that should be pursued," Spitzer said. "Why did [those payments] happen, what questions were asked, why did we need to pay 100 cents on the dollar for those transactions if we had to pay anything, what would have happened to the financial system had it not been paid?"

Read the full article - Click Here

Does Goldman Sachs Manipulate the Stock Market?

NOTE: A dozen of you sent me the recent link to Zero Hedge. Thanks. It makes a great point of how Goldman Sachs controls stock trading and the markets. Here is an excerpt from Zero Hedge and a link to the full article is below.

The Incredibly Shrinking Market Liquidity, Or The Upcoming Black Swan Of Black Swans - Posted by Tyler Durden to Zero Hedge

. . .

A very interesting data point, also provided by the NYSE, implicates none other than administration darling Goldman Sachs in yet another potentially troubling development. The chart below demonstrates the program trading broken down by the top 15 most active NYSE member firms. I bring your attention to the total, principal, customer facilitation and agency columns.

(Chart shows Goldman Sachs at three times the level of the next firm, Credit-Suisse and almost 10 times Citi) For link to chart and article – Click Here

Key to note here is that Goldman's program trading principal to agency+customer facilitation ratio is a staggering 5x, which is multiples higher than both the second most active program trader and the average ratio of the NYSE, both at or below 1x. The implication is that Goldman Sachs, due to its preeminent position not only as one of the world's largest broker/dealers (pardon, Bank Holding Companies), but also as being on the top of the high-frequency trading/liquidity provision "food chain", trades much more often for its own (principal) benefit, likely in tandem with the other top dogs on the list: RenTec, Highbridge (JP Morgan), and GETCO. In this light, the program trading spike over the past week could be perceived as much more sinister. For conspiracy lovers, long searching for any circumstantial evidence to catch the mysterious "plunge protection team" in action, you should look no further than this.

For full article - Click Here

Volunteer Information - Exposing Goldman Sachs

Without volunteers, this website will fade into the mist like all the others. But we have an opportunity to make this the very first REAL action website on the Internet. To do that we need volunteers to research and post. If you have time, great. If not, maybe you have an assistant or associate in your office or company that can help . . . even if that is one hour a week, ten hours a week or more. I cannot accept financial contributions but I can accept the work of volunteers to make this a website that gets the attention of Washington. And if you have the financial ability to hire someone to assist (part or full-time) that would be FANTASTIC, even if it is just an hour or two a week.

I can use all the help I can get. One thing that happens is people send me links and articles. Then I need to read them to see if they are relevant. Then I need to pull a paragraph or two and set it up as a post with the Headline, Live Link, etc. It’s time consume, but even if I had 50 people that could do one of those a week, that would be great.

1 - My idea is to get a few volunteers to go out and find interesting posts for the blog I set up. I just posted a few where I simply use an excerpt and a link to the article. If we can get permission to post the entire piece that is fine, but the big guys will never do that. We may get that from other blogs, as they can take whatever we have. This is time consuming to find the pieces and then load them up, and I’d like to be able to put a few up every day.
2 – If this goes well, I will build a website where we will post all of the stuff from the blog, and this way we will get top ranking in Google.

3 – I also need a volunteer to screen and decide on comments we receive. This is relatively easy, with a basic quick read to make sure there is nothing offensive, no profanity and the comment is legitimate. Then it is nothing more than hitting the button to Publish or Reject.

4 – If all goes well, and we accumulate enough information, I want to write a book . . . How Goldman Sachs Destroyed the World

5 – I also want to start gathering information about where Goldman Sachs executives go. We know they are at the Bank of Italy, Bank of England, US Treasury, etc. Well, where else are they and what are they doing. This could be a book in itself. But if you have time to start Googling names of Goldman Sachs executives, you will see more names and more information. I need to get this info to one person to start outlining.

So that’s where I’m at. If you think you can help, please feel free to call me 772-260-5448 or email me Mike@GoldmanSachs666.com

Goldman Sachs Scandal in Most Stages of American History . . . but ignored today!

NOTE: Below is an excerpt from a Bill Moyers interview of William Black. Yes, Mr. Black is still alive and telling it like it is. I gotta think he must be wearing a Kevlar body suit by now. Read below after Mr. Moyers asked a question about AIG . . .

WILLIAM K. BLACK: What we're doing with -- no, Treasury and both administrations. The Bush administration and now the Obama administration kept secret from us what was being done with AIG. AIG was being used secretly to bail out favored banks like UBS and like Goldman Sachs. Secretary Paulson's firm, that he had come from being CEO. It got the largest amount of money. $12.9 billion. And they didn't want us to know that. And it was only Congressional pressure, and not Congressional pressure, by the way, on Geithner, but Congressional pressure on AIG.

Where Congress said, "We will not give you a single penny more unless we know who received the money." And, you know, when he was Treasury Secretary, Paulson created a recommendation group to tell Treasury what they ought to do with AIG. And he put Goldman Sachs on it.

BILL MOYERS: Even though Goldman Sachs had a big vested stake.

WILLIAM K. BLACK: Massive stake. And even though he had just been CEO of Goldman Sachs before becoming Treasury Secretary. Now, in most stages in American history, that would be a scandal of such proportions that he wouldn't be allowed in civilized society.

For the video and full transcript of this interview - Click Here