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

Monday, August 2, 2010

Goldman Sachs Links and News - August 2, 2010 Featuring Larry's Corner

Financial News: Fund Sues Goldman Sachs Over Oil Bets
Wall Street Journal
Goldman Defends Its Collateral Calls to AIG
ABC News
Goldman's Expensive Tastes Anger NYC Neighbors
New York Times (blog)
Lenders Freeze Global Assets of Ex-CEOs by Using UK Courts
... billion Ponzi scheme and led to US fraud charges against a Goldman Sachs Group Inc.
Where's 'The Beef?

For quite some time now, everyone seemed to have had a "beef" with Goldman Sachs.  Seemingly now there is little being reported by anyone.  Main stream media has found other issues to use for their 30 second sound bytes.  Even the oil spill in the Gulf is beginning to fade away in our media.  There was a major oil spill recently in Michigan but that doesn't seem to be worthy of much national medial attention either.  After all, they estimated only one million barrels of oil spilled.  So, "Where's The Beef"?

We hear little of our still struggling economy.  Some talk of some kind of recovery and an end to the Recession but to the millions of un and underemployed there is no recovery  To the millions who still face foreclosure, there is no recovery and to the millions still hungry there is absolutely no recovery.

Yes, there has been a recovery - a full recovery - for banks like Goldman Sachs, Citi, BofA and Wells Fargo.  A recovery for Merrill Lynch hiding behind the apron of BofA - both major causes of the financial crisis and both operating as if nothing ever happened.

Goldman Sachs is recovering but from what?  They lost nothing, were charged with nothing and paid next to nothing - in relative terms - for the one incident they were charged with.  They helped ruin this nation, they participated in the ruin of other nations such as Greece and Iceland and they profited heavily on the backs of people who are now suffering as a result.  Yet, memories seem to be fading. 

We can all joke about their ban on swearing, comments like the one made by their CEO and the ridiculous statements made by their head of PR which have given comedians material for their monologues.  We can't, however,  seem to get at the "meat" of the issues, expose them once and for all by punishing the guilt and the guilty. 

Our regulators had failed to regulate the regulations allowing the financial tsunami.  Now we have new regulators attempting to regulate the regulators that failed to regulate the regulations in the first place.  Seems like a real cluster.  Yes? 

Wilth all this political double speak, the media's slower speak and the people's lack of speak these monsters who unleashed these "weapons of financial destruction" are still free to continue to operate.  The fear, I fear is that companies like Goldman Sachs and their fellow banksters on Wall Street are not just Too Big To Fail, they are Too Big to Take Down. 

Justice is not served if not served for all.  If fear guides us then fear will rule us and if ruled by fear our individual rights and liberties will become extinct.  This land of freedom and opportunity must be reclaimed so that there is freedom and opportunity for all not just the select few - the Too Big's.

We, the people, are Too Big To Fail but we are failing.  We, the people must not allow our own failure by allowing those that should fail to survive.  There is an old saying, "if it is to be, it is up to me".  Together We Can Make A Difference,  We must not let the actions of the past by those we think are Too Big fade away from our memories.  We must keep this fight alive.


Anonymous said...

The world is their oyster...No one is going to stop them because everyone is in on it!

The Death of Market Fundamentals

Charts are painted to flush people out. What passes for a market is now just a serious of raids up and down the flagpole to shake the hell out of its minor participants. If you aren’t equipped to play “chase the algos” (entry ticket c. $40 million for the technology and servers), your money will simply be taken. The market has for hundreds of years taken money from weak hands, but now anyone without a first class algo can be considered and proven as weak. Fundamental analysis will not help the small trader. It’s simply pointless to participate. Instead of tree-shaking… now the whole damn forest is being shaken.

JR said...

So some corporations are thinking about not contributing to politicians running in the next election even though the Supreme Court says that corporations have the right under the constitution to "speak" by giving large amounts of money to politicians. Does GS think for a moment that we could believe they would give up their rights!!!???

More here:

JR said...

I have found a news magazine that is well-written and worth reading called counterpunch. The following is an article on the present state of American affairs (with a timely mention of Goldman Sachs):

Anonymous said...

Too funny...too true

Artist's Rendering Of Lloyd Blankfein's Desktop

JR said...

I know my comment here has nothing to do with Goldman Sachs directly, but since the Michigan Oil Spill has been mentioned, let me tell you a bit about the company responsible for it. Enbridge is a Canadian company but like most Canadian companies it has close connections with American companies and sells a lot of its oil and natural gas to the US.

Wikipedia says:

Quote--In October 2009, Enbridge was named one of "Canada's Top 100 Employers" by Mediacorp Canada Inc.[3] Later that month, Enbridge was also named one of Alberta's Top Employers.[4], and one of Canada’s Ten Best Places to Work.[5]. In November 2009, Enbridge was recognized as Canada’s Most Admired Corporate Culture in the Energy and Natural Resources sector.[6]. In early 2010, Enbridge was recognized as one of Canada’s Greenest Employers.[7] Unquote.

Then Wikipedia says

Quote--Between 1999 and 2008, Enbridge lists 610 spills that released approximately 21 million litres (132,000 barrels) of hydrocarbons.Unquote.

These spills are listed at

Enbridge apparently is trying to be green using wind power and natural gas but of course it can't resist getting as much as it can out of the oil left in the ground and thus we have these horrible spills.

Enbridge is planning to create an oil pipeline across the western Canadian provinces and I hope this spill will bring that project to an end.

Enbridge is also talking about exploring for natural gas in the shale ground of New Brunswick. In other parts of the world this kind of exploration has polluted natural wells and rural NB depends on natural wells for its water.

Our next fight will be to preserve the environment of NB against Enbridge's desire for natural gas.

I just thought you might be interested in hearing about Enbridge.

JR said...

Here's another column from counterpunch which describes in detail how greed is ruling America. Of course, GS is mentioned.

JR said...

In the first half of this video, Max Keiser talks about Goldman Sachs' creation of a derivatives exchange--another way to manipulate the financial system. Will it never end?

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