Image by lymangsr via Flickr.The GS TowerThanks again to a reader who brought this to my attention. It is a post from Business Insider...Clusterstock - 15 Reasons Why You Don't Want To Work At Goldman Sachs - Random strangers hate you for no reason - which is reason number 6 out of the 15.Read it from the beginning...click here
In it we got a one liner acknowledgement which read:
Anonymous people on the internet publish a website, GoldmanSachs666.com, about how evil you are.Well, I appreciate the "mention" but just want to clarify that we are not "Anonymous people", I am, in fact, very visible. I fully disclose my name, email and phone numbers on this site as well as other sites I publish. Our founder, Mike Morgan, also was not Anonymous when he created this blog. In fact, he was international news for some time due to Goldman Sachs attempt to shut him "up" by shutting down this site. Obviously, they lost.
Be that as it may, Business Insider was right, our effort is to expose Goldman Sachs, their seemingly illegal behaviors and how their evil actions caused so much harm to this nation, their fellow citizens and to nations and people around the globe. I have said it before and will say it again, if true investigations were done and not stymied by government officials, the outcome could indicate that Goldman's actions have been and probably still are treasonous. How's that for evil?
5 COMMENTS:
So how do you think they reap billions this time?..remember the last time..it was a weekend?
US budget negotiations collapse again
Mr Paulson, who earlier had breakfast with Mr Geithner, was blunt in his assessment of the dangers. “Failing to raise the debt ceiling would do irreparable harm to our credit standing, would undermine our ability to lead on global economic issues and would damage our economy,” said Mr Paulson, who dealt with the financial crisis. “The sense of urgency is clear.”
http://www.ft.com/intl/cms/s/0/2fa7cdb2-b480-11e0-a21d-00144feabdc0.html#axzz1StNPjAAP
Congress Members: “Wall Street Greed and Endless Wars Are To Blame For Our Budget Crisis” …. “Congress Takes Money From The American People and Gives It To War Profiteers and Wall Street!”
http://georgewashington2.blogspot.com/2011/07/congresswoman-wall-street-greed-and.html
Save the Gambling Bankers
She was overruled by Geithner and by the Treasury Department, and especially by Bernanke, who essentially said, “We have to save the rich first. We have to save the gamblers.” There was plenty of money in all of the banks to cover all of the retail vanilla deposits for businesses and families. What there was not money for was for all the cross-gambles that they had made on derivatives—that is, which way interest rates would go, which way currencies would go. And so, this was really a casino. These were bets. And people like the AIG couldn’t pay. And the question is, how are you going to get the winners in this casino to get money from the losers, who are broke? So these $16 trillion worth of loans were all for junk securities. They weren’t for the solid securities that did back out the deposits. These were all for junk gambles, having nothing to do with the real economy at all.
And the result was that while many of the $16 trillion have been repaid, there has been a residue of $13 trillion added to the government debt since September 2008, when all of this began. All this was created simply on a computer keyboard at the Treasury. So the question is, if they can create a $13 trillion on a computer keyboard, taking over Fannie Mae and Freddie Mac, and the Federal Reserve can simply give this money, why can’t they, over 50 years, pay the trillion dollars for the Medicare and the Social Security? It’s—obviously, it’s a charade.
http://michael-hudson.com/2011/07/save-the-gambling-bankers/
Budgetary Deceit and America's Decline
The Republicans also misrepresent the costs and benefits of closing the deficit through higher taxes on the rich. Americans wants the rich to pay more, and for good reason. Super-rich Americans have walked away with the prize in America. Our country is run by millionaires and billionaires, and for millionaires and billionaires, the rest of the country be damned. Yet the Republicans and their propaganda mouthpieces like Rupert Murdoch's media empire, claim with sheer audacity that taxing the rich would kill economic growth. This trickle-down, voodoo, supply-side economics is the fig leaf of uncontrolled greed among the right-wing rich.
The Democrats of the White House and much of Congress have been less crude, but no less insidious, in their duplicity. Obama's campaign promise to "change Washington" looks like pure bait and switch. There has been no change, but rather more of the same: the Wall-Street-owned Democratic Party as we have come to know it. The idea that the Republicans are for the billionaires and the Democrats are for the common man is quaint but outdated. It's more accurate to say that the Republicans are for Big Oil while the Democrats are for Big Banks. That has been the case since the modern Democratic Party was re-created by Bill Clinton and Robert Rubin.
http://www.huffingtonpost.com/jeffrey-sachs/budgetary-deceit-and-amer_b_907684.html
Saturday, July 23, 2011
Get Ready for TARP 2.0
Now as the article also indicated that Mr. Market has been singularly unconcerned; 10 year and 30 year bond yields fell slightly on Friday, but that was before the talks broke down. The release of concerned chatter among Geithner, Paulson, Bernanke, and Dudley, appears an effort to rev up the engines in case they feel they need to go into full out alarmist mode and rattle the markets to pressure Congress into acting.
But we can see how the endgame is already being scripted. Ezra Klein, the Democratic Party’s answer to Baghdad Bob, is already telling us how this staged drama will play out. The messages in his piece tonight: Boehner allegedly doesn’t have the votes, and not having a deal (just like not passing the TARP) is The End of The World As We Know It (in his words, “disaster,” “unleash a market panic,”). So the only solution is for the Democrats to give in to this Republican non-negotiable posture and presumed market armageddon (which we indicated, might not be the calamity the DC punditocracy presumes it will be).
But the average person loses out no matter what happens.
http://www.nakedcapitalism.com/2011/07/get-ready-for-tarp-2-0.html
Obama's Main "Jobs" Man Moves More Jobs To China!
http://truthingold.blogspot.com/2011/07/obamas-main-jobs-man-moves-more-jobs-to.html
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