tag:blogger.com,1999:blog-5724181159639068489.post1529803342150019961..comments2023-11-05T05:09:14.089-05:00Comments on Goldman Sachs: Information, Comments, Opinions and Facts: Goldman Sachs Links and News - November 20, 2009RobertMhttp://www.blogger.com/profile/03960912417983904202noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5724181159639068489.post-32913734445387730912009-11-22T11:55:53.632-05:002009-11-22T11:55:53.632-05:00Janet Tavakoli Retracts Her Apology To Goldman Sac...Janet Tavakoli Retracts Her Apology To Goldman Sachs, Calls For More Regulation Of The Government Backstopped Hedge Fund<br /><br />Goldman’s Turn to Apologize<br /><br />In light of the SIGTARP report, I withdraw my earlier apology to Goldman. Public commitments to AIG are currently around $182 billion. If you wonder what Goldman CEO Lloyd Blankfein meant when he said: “[Goldman Sachs] participated in things that were clearly wrong and we have reason to regret and we apologize for them,” think of Goldman’s role in AIG’s crisis, Goldman’s bailout, and Goldman’s ongoing heavy taxpayer subsidies. That way, one of you will be genuinely sorry about it.<br /><br /><br />http://tinyurl.com/yhh6sbsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-26509398070881074052009-11-21T22:05:57.594-05:002009-11-21T22:05:57.594-05:00I agree with Rep. Kaptur. She is one of the very ...I agree with Rep. Kaptur. She is one of the very few in our Cngress who sees the truth and wants to do something about it.<br /><br />The FBI did tell America that fraud in the mortgage industry was rampant and it was the mortgage broker industry who took all the heat and blame. Hundreds of brokers have been found guilty of fraud and sentenced to prison. Yes, many were guilty and were criminal and some just got caught up in the rushingn waters. <br /><br />The FBI also reported in 2008 that it was investigating 14 financial institutions who they would not name. Nothing has EVER been said about this investigation for fraud 0 NOTHING EVER. <br /><br />I have always maintained that the fraud began at the top of the pyramid, Wall Street. Then flowed downhill to the banks then to the wholesale lenders and finally down to the mortgage broker and loan originator in the field whose only job was to match a borrower to a lenders guidelines and submit an application.<br /><br />It was the bank, wholesale lender (many of whcih were owned by Merrill, Bear and Lehman) who had the authority to underwrite, approve and fund loans from guidelines created by Fannie/Freddie or one of the three Wall Street Firms mentioned above. It was their rules.<br /><br />Goldman was a kingpin as they were critical to selling the derivatives - bets guaranteeing the loan pools if they failed. Bets that were never backed by real money.<br /><br />Fraud when the rating agencies automatically gave mortgage pools AAA ratings knowing they were not.<br /><br />There is so much evidence of fraud withing all the failing mortages, not by the borrowers but by the banks, lenders, servicing companies and Wall Street. Wall Street is even defrauding the investors who invested in the pooled mortgage securities and derivatives.<br /><br />Expose Wall Street and the other commercial banks for what they are. Instead our government protects them by bailing them out continuously.<br /><br />Everyone needs to listen to Rep. KapturLarry Rubinoffhttps://www.blogger.com/profile/00994883281506478553noreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-10979559206499585372009-11-21T21:03:30.893-05:002009-11-21T21:03:30.893-05:00Bust the financial trusts
By Rep. Marcy Kaptur
T...Bust the financial trusts<br />By Rep. Marcy Kaptur <br /><br />The giant firms have already shown us they are impervious to regulation. They exploit loopholes almost before Washington has created them.<br /><br />The FBI told America in 2004 that fraud was rampant in the mortgage sector. Fraud takes many forms, including control fraud. That is why I have introduced legislation, H.R. 3995, which would authorize the use of funds for the FBI to muscle up with 1,000 additional agents who would be assigned to mortgage, corporate and securities fraud investigations. We need 1,000 agents, not a few hundred, to untangle what might well be the largest financial swindle in U.S. history<br /><br /><br /><br />http://thehill.com/special-reports/taxes-a-banking-november-2009/68473-bust-the-financial-trustsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-5354549734619765332009-11-21T11:57:49.950-05:002009-11-21T11:57:49.950-05:00Lloyd Blankfein's Apology for God's Work? ...Lloyd Blankfein's Apology for God's Work? Apology NOT Accepted!<br /><br />http://tinyurl.com/yggxgj8Anonymousnoreply@blogger.com