Image via WikipediaNew York Times
What in the World Is Goldman Sachs Thinking? (HSY)
The Motley Fool
By The Huffington Post News Editors
GS666 Comment: These are just two of many stories on this topic. It seems that we are fixated on bonuses and who get how much and in what way. This is a topic that has occupied headlines for many months. I don't know about you but I am getting tired of this topic. Everyone is missing the real issue(s) about GS - how they were instrumental in causing the Depressive Recession, the crimes, fraud and their influence over our government (government tampering).
Recently NY State AG, Cuomo, fled a law suit against BofA and Ken Lewis for fraud but it was filed as a civil action not a criminal action. What's up with that? Fraud is a criminal offense moreover it probably violates certain SEC regulations as well. However, it is a small -very small - step for corporate wrong doing and a very small step for mankind. Be that as it may, the issue of fraud and other criminal wrong doing is wht the focus should be on Goldman Sachs. We, along with many others on the internet - mainstream media, bloggers and others - have certainly written and reported on this but not with the same fever as we all report on bonuses.
Even the bailouts were - I believe - conspiratorial. Late Sunday night meetings and decisions. No Congressional oversitht with the money disbursed before anyone even got to their office Monday morning. This in itself needs to be talked about and investigated. Did these "late night" meetings violate any laws, rules or regula;tions or even the Constituion? Dialogue daily, I believe, should be there.
Hundreds of people, mortgage brokers/lenders and realtors, in particular, have been charged, convicted and sentenced to jail for committing fraud sometimes for less then one million dollars. Fraud that may not have been possible without the the cartel's offering the product which enabled them. Here we have companies like GS, AIG, BofA, JPMorgan, Tim Geithner and his New York Fed Bank as well as many other players possibly - not even allegedly at this point - committing fraud and to this pint the best we get is a CIVIL LAW SUIT. Some say - myself included - that these acts of fraud were and still are the largest such acts in the history of the world - so where is the JUSTICE and the JUSTICE system?
Forgive me for interrupting this news link but I had to express my feelings. While the effort of these links is to give you a one stop location for news on GS, it sometimes becomes difficult when the stories out there are so narrowly focused on bonuses. If we can stop the flow of money to these banksters, enforce existing regulations, re instate previous regulation and stop taxpayer assistance then bonuses might just subside and become a non issues.
To make my point, see the related links below. No need to open them, they are all about the bonus. ENOUGH already.
Thanks for listening. - Larry Rubinff
What Do People REALLY Think Of... Goldman Sachs?
By William Wei
EconomicPolicyJournal.com: CIA Agents Moonlight for Goldman Sachs
By Robert Wenzel
Present at the Destruction
Wall Street Journal
Ratigan: Goldman Sachs -- Robbing and Thieving The American Sucker ...
By DailyBail
Gerald Corrigan, a Goldman Sachs employee | OSHedge Blog
By lifegauge
Fears and Frets: Why Goldman Sachs Executives Go Into Government
By Rionn Fears Malechem
Digest the Jobs Report With a Grain of Salt
Wall Street Journal
I rest my case!
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1 COMMENTS:
Goldman used those technics aggressively during the crisis to make profits at the cost of clients. This example is not unique.
http://montyhallparadox.blogspot.com/2010/02/still-goldman-and-aig.html
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