Wall Street Journal
Goldman Defends Its Collateral Calls to AIG
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.