tag:blogger.com,1999:blog-5724181159639068489.post2258556616440119218..comments2023-11-05T05:09:14.089-05:00Comments on Goldman Sachs: Information, Comments, Opinions and Facts: Inside Job: The Story About the "Crash" That Could Have Been AvoidedRobertMhttp://www.blogger.com/profile/03960912417983904202noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-5724181159639068489.post-22512064632276521022011-09-24T00:39:05.289-04:002011-09-24T00:39:05.289-04:00Hmmm !!!! Amazing view of this site .. It has grea...Hmmm !!!! Amazing view of this site .. It has great information about the stones and get new and great design to decorate our offices or homes.. thanks... <a href="www.great-stone.com" rel="nofollow">masonry products</a><a href="www.great-stone.com" rel="nofollow">Brick stone</a> bhulmadelanonoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-86846033402748508202010-08-31T17:38:01.430-04:002010-08-31T17:38:01.430-04:00Beware the "One World Order". It is hap...Beware the "One World Order". It is happening as Meyer Rothschild said, "Let me control the money of a nation and I care not who makes its laws"<br /><br />The bankers are taking control of all the wealth worldwide. All the major Central Banks work together along with the World Bank. It is one large but closed fraternity who are playing out the plan laid out many years ago. Rmember Bush 1 talked about the "New World Order" which is what it really is. Bush 2 allowed it to come to fruition and Obama is closing the book on it.<br /><br />Bernanke's plan of lowering interest rates giving away more "free" money will only move more wealth to that 1% that owns most of it now.Larry Rubinoffhttps://www.blogger.com/profile/00994883281506478553noreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-18101734821608948972010-08-30T13:32:16.973-04:002010-08-30T13:32:16.973-04:00Many of us that watch the economy were astonished ...Many of us that watch the economy were astonished when Obama appointed Gietner and Summers. They were at the helm when the economy started going down the tubes.<br />And what happened to the big banks' bonus pool? These people have no conscience.<br />The Republicans are worst and the Tea Party????<br />I think there might be something to this "one World Order. Certainly the world financial power is concentrated to a few.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-80739773379808343282010-08-28T10:54:21.442-04:002010-08-28T10:54:21.442-04:00@republicanmorhter
A very interesting piece. I ha...@republicanmorhter<br />A very interesting piece. I have long subscribed to the theory that Meyer Rothschild's plan of a "One World Order" by control of economies was a plan very much in effect. I believe that in this country, George W. Bush implemented the final stages of the Rothschild plan here. <br /><br />From the article above, central banks - all privately owned - were the creation of Rothschild. Indeed, his family still controls the Bank of England and the central bank in France.<br /><br />We can see here with our FED, that they are in control not only economically but politically as well.Larry Rubinoffhttps://www.blogger.com/profile/00994883281506478553noreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-28461167574549406252010-08-27T20:37:24.357-04:002010-08-27T20:37:24.357-04:00Looks like a great documentary - will have to find...Looks like a great documentary - will have to find a way to see it sometime. <br /><br />On the subject of these super banksters, I thought this excerpt from Quigley's Tragedy and Hope were revealing:<br /><br />Pg. 324: "the powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank, in the hands of men like Montagu Norman of the Bank of England, Benjamin Strong of the New York Federal Reserve Bank, Charles Rist of the Bank of France, and Hjalmar Schacht of the Reichsbank, sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."republicanmotherhttps://www.blogger.com/profile/07771957484079419477noreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-17144402501574346762010-08-27T10:26:29.418-04:002010-08-27T10:26:29.418-04:00Banks’ Self-Dealing Super-Charged Financial Crisis...Banks’ Self-Dealing Super-Charged Financial Crisis<br /><br />Over the last two years of the housing bubble, Wall Street bankers perpetrated one of the greatest episodes of self-dealing in financial history.<br /><br /><br /><br />Faced with increasing difficulty in selling the mortgage-backed securities that had been among their most lucrative products, the banks hit on a solution that preserved their quarterly earnings and huge bonuses:<br /><br /><br /><br />Goldman, Merrill and Others Get Tough <br />A little-noticed document released this year during a congressional investigation into Goldman Sachs' CDO business reveals that bank's thinking. The firm wrote a November 2006 internal memorandum [10] about a CDO called Timberwolf, managed by Greywolf, a small manager headed by ex-Goldman bankers. In a section headed "Reasons To Pursue," the authors touted that "Goldman is approving every asset" that will end up in the CDO. What the bank intended to do with that approval power is clear from the memo: "We expect that a significant portion of the portfolio by closing will come from Goldman's offerings." <br /><br /><br /><br />http://www.propublica.org/article/banks-self-dealing-super-charged-financial-crisisAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-53829711594713141852010-08-26T17:56:31.808-04:002010-08-26T17:56:31.808-04:00How Goldman Sachs will maintain proprietary tradin...How Goldman Sachs will maintain proprietary trading:<br /><br />Despite Reform, Banks Have Room for Risky Deals<br />By NELSON D. SCHWARTZ and ERIC DASH<br />The New York Times<br /><br />....<br /><br />Indeed, several trades that were made on behalf of clients went bad for the banks even as the new rules were being debated in Washington this year. JPMorgan Chase and Goldman Sachs, for example, each lost more than $100 million on transactions handled for customers in the period from April to July. <br /><br />....<br /><br />“You can use client activity as a cover for basically anything you are doing,” said Janet Tavakoli, who runs her own structured finance consulting firm. “It’s very problematic that losses like this are showing up. It’s a prime example of what the financial reform bill doesn’t address.” <br /><br />Read article here:<br /><br />http://tinyurl.com/24amouaJRnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-67494107768089178012010-08-26T12:46:54.547-04:002010-08-26T12:46:54.547-04:00It is amazing that Goldman Sachs can say with such...It is amazing that Goldman Sachs can say with such confidence that the Fed is going to stimulate the economy even more, perhaps to the tune of $1 trillion. I can just imagine GS getting ready to hedge some more and to get even richer than King Midas. (Though the ending of that story could be prophetic too.)<br /><br />If the government had originally wound down the TBTF banks that contributed mightily to the present recession whilst protecting the depositors, much like the FDIC does and is doing with smaller banks, the result would have been less risky and expensive than it turned out to be. The big banks' CEOs and CFOs should have taken the major risk rather than earning stupendous bonuses. When the FDIC manages a bankruptcy, it gets rid of the management and installs new and better managers.<br /><br /><br />Goldman Sachs (NYSE:GS) Says More Fed Stimulus Coming<br /><br />According to Chief U.S. Economist at Goldman Sachs Jan Hatzius, the Federal Reserve will attempt to stimulate the economy as it continues to show it weakness.<br /><br />More here:<br /><br />http://tinyurl.com/2chcxp2JRnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-85160856642944278292010-08-26T08:25:35.574-04:002010-08-26T08:25:35.574-04:00Kotlikoff: U.S. Financial System Fundamentally Cor...Kotlikoff: U.S. Financial System Fundamentally Corrupt<br /><br />http://tinyurl.com/2bp7uo3Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-90306889788382163202010-08-25T22:48:13.784-04:002010-08-25T22:48:13.784-04:00Good interview with Laurence J. Kotlikoff at end.....Good interview with Laurence J. Kotlikoff at end....<br /><br /><br />Pension Ponzi Scheme $16 Trillion Short?<br /><br />Wall Street plays no role and makes no money? Who are we kidding here? Wall Street wolves are hungry and they want a piece of the Social Security (SS) pie. In fact, conspiracy theorists will tell you that this whole financial crisis was manufactured with the ultimate goal of privatizing SS to allow the fat cats on Wall Street to make even more money as they find new sources of revenues to fund prop desks, hedge funds, private equity funds and real estate funds.<br /><br />http://tinyurl.com/24ko9mlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-33239237323690192922010-08-25T14:25:44.200-04:002010-08-25T14:25:44.200-04:00I've just come across an article on Spencer Ga...I've just come across an article on Spencer Ganntt's book, "Vote the Bastards Out! Democrats, Republicans, Incumbents" below:<br /><br />http://www.counterpunch.org/bello08252010.html<br /><br />The book can be obtained online at google books.<br /><br />There is also a video on the same subject here:<br /><br />http://www.youtube.com/watch?v=vziDROl_MJo<br /><br />The premise seems to be that in order to correct a political system that is broken it is necessary to vote out all the incumbents (except for the ones truly interested in doing the will of the people). I would suggest that anyone associated with Goldman Sachs should not be elected.<br /><br />If you think about it, in the next election Obama would not come back, neither would McCain or anyone else in the present government, except perhaps people like Levin, Merkley and anyone else that has been supportive of laws that make people's lives better. That means that someone not in the political arena now would become the next President. He/She would have less baggage (one would hope)than anyone in the present government. There are so many possibilities:<br /><br />reform of lobbyists;<br />reform of campaign contributions;<br />legislation that is based on one idea at a time rather than 2000 pages long; etc.<br /><br />This is an interesting idea that could work in any democratic country.JRnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-83006512956009396112010-08-25T13:42:37.803-04:002010-08-25T13:42:37.803-04:00Isolated incident?
By Jonathan Spicer
Reuters
We...Isolated incident?<br /><br /><br />By Jonathan Spicer<br />Reuters<br />Wednesday, August 25, 2010<br /><br />http://www.reuters.com/article/idUSTRE67O2QQ20100825<br /><br />NEW YORK -- A big high-frequency trading firm faces possible civil charges by regulators after its computer ran amok and sparked a frenzied $1 surge in oil prices in February, according to documents obtained by Reuters and sources familiar with the continuing investigation.<br /><br />Infinium Capital Management confirmed only that it is the company at the center of a six-month probe by CME Group Inc. into why its brand new trading program malfunctioned and racked up a million-dollar loss in about a second, just before markets closed on February 3.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-44474339123562075172010-08-25T12:33:55.935-04:002010-08-25T12:33:55.935-04:00After having read about the Illinois Teachers Reti...After having read about the Illinois Teachers Retirement System liquidation above by Anon, I was curious if there were other pension funds in trouble. The Ontario Teachers Pension Plan is Canada's largest and has been credited with good investment strategy. In 2010, it had a shortfall of 17.1B on 96.4B invested mainly due to low interest rates ( http://tinyurl.com/26a4djg ).<br /><br />It makes one wonder how many more pension funds are going to suffer as we go through this "double dip." The double dip is not official but I think it's here anyway.JRnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-36685834476688770752010-08-25T10:23:35.254-04:002010-08-25T10:23:35.254-04:00"The world is a dangerous place to live not b..."The world is a dangerous place to live not because of the people who are evil, but because of the people who don't do anything about it."<br />-Albert EinsteinAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-65511856370223111682010-08-24T21:47:12.951-04:002010-08-24T21:47:12.951-04:00Where the hell did you think this years bonus pool...Where the hell did you think this years bonus pool was coming from?....<br /><br /><br /><br />AIG Wannabe's Go-For-Broke Strategy Fails As Pension Fund Begins Liquidations<br /><br /><br /> The problem there is that due to its derivative exposure, liquidations now become self-reinforcing, as more cash needs to be pledged as collateral in a declining market, and the AIG death spiral we all know and love, follows. The only thing missing is for Goldman to raise its overnight variation margin requirements and it's game over, as we get a brand new AIG on our hands. <br /><br />And since Goldman is among the 60 or so asset managers that actually decide how the fund invests its meager assets, it is fully aware of its precarious position, and it is a sure bet that Goldman is currently deciding when to pull the plug on the TRS life support.<br /><br /><br /><br /><br /><br />http://tinyurl.com/23zm3nvAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-84224475219970885152010-08-24T14:32:26.810-04:002010-08-24T14:32:26.810-04:00I'm looking forward to seeing Ferguson's f...I'm looking forward to seeing Ferguson's film, if and when it comes North.<br /><br />After having read the suggested articles and interviews about Ferguson's film, I am reminded that others have been saying the same thing, and more, for quite some time (William K. Black, Ellen Brown ( http://www.counterpunch.org/brown08062010.html0 , Janet Tavakoli, Max Keiser, etc.).<br /><br />And this blog is important as a record of what one banking institution was up to before, during and after the financial crisis. I hope that justice will reign in the end.JRnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-34746501749568499202010-08-24T14:08:04.718-04:002010-08-24T14:08:04.718-04:00Here's a video from C-Span.org in which Matt T...Here's a video from C-Span.org in which Matt Taibbi is interviewed about his article on the recently passed Financial Reform Bill.<br /><br />Matt Taibbi, Rolling Stone, Correspondent<br /><br />As part of the Financial series, Matt Taibbi goes over his August 19 Rolling Stone article, "Wall Street Wins Big." The article examines how the provisions in the financial regulations law can prevent a future financial crisis, and how the bill falls short of this goal.<br />Washington, DC<br /><br />Video here:<br /><br />http://tinyurl.com/2bj2rklJRnoreply@blogger.com