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The government turned aside an offer from Goldman Sachs to take on the assignment for free
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4 COMMENTS:
Gensler is ex goldman & head of cftc..lets see what happens
GATA Chairman Bill Murphy, board member Adrian Douglas, and your secretary/treasurer were interviewed for a half hour this week by Eric King of King World News, discussing the U.S. Commodity Futures Trading Commission's hearing on futures trading in the precious metals, the CFTC's failure to act on advance notice of a silver market manipulation, and the general objectives of and prospects for the gold and silver manipulation schemes. You can find the interview at the King World News Internet site here:
http://tinyurl.com/yjts4z4
Fraud on the Street
Tuesday, March 30, 2010
Where on earth has the SEC been?
It’s now clear Lehman Brothers’ balance sheet was bogus before the bank collapsed in 2008, catapulting the Street and the world into the worse financial crisis since 1929. The Lehman bankruptcy examiner’s recent report details what just about everyone on the Street has known since the firm imploded – that Lehman defrauded its investors. Even Hank Paulson, in his recent memoir, referred to Lehman’s balance sheet as bogus.
In other words, the TARP covered the other bankers’ assets and asses.
http://tinyurl.com/y8rqc7m
Reuters Summit-Wall St cabal seen derailing serious swap reform
* High-frequency spat a "classic Wall Street land grab"
* Focus should be on risky derivatives: Kauffman's Bradley
"There is no incentive from the moneyed interests in either Washington or New York to change it," Bradley told the Reuters Global Exchanges and Trading Summit in New York.
"I believe we are in a cabal. There are five or six players only who are engaged and dominant in this marketplace and apparently they own the regulatory apparatus," he said.
"Everybody is afraid to regulate them."
U.S. and European officials are trying to craft new rules to regulate the $450 trillion private derivatives market in broad efforts to avoid another financial crisis.
http://www.reuters.com/article/idUSTRE62T5RD20100331
Anonymous said...
Fraud on the Street
Tuesday, March 30, 2010
Where on earth has the SEC been?
That is a question I have been asking since the original meltdown began in March of 2007. The fraud you see now at Lehman was rampant across the board. The SEC HAD TO KNOW but was probably told to close a blind eye to it. How do you think Madoff got away with what he was doing for so many years...because he was the best con man ever or he had friends in very high places? You figure it out.
You will find fraud rampant in all of our Too Big To Fail banks but since they are still open for business as usual and protected by our government there will never be any SEC investigations or disclosures of what they really know. THAT IS WHYL WE ARE HERE AT GS666, JPMORGAN666 and BARACKOBAMA666 and is why I began TheMortgageCornerFORUM in 2007 attempting to disclose all of this fraud. You can see related articles in TMC.
This is the biggest fraud ever in the history of our world and I believe - no, I fear - that our government was heavily involved.
We would all like the answer to "WHERE WAS THE SEC?"
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