tag:blogger.com,1999:blog-5724181159639068489.post2475335178335947304..comments2023-11-05T05:09:14.089-05:00Comments on Goldman Sachs: Information, Comments, Opinions and Facts: The Compartmentalization of Goldman Sachs's ActivitiesRobertMhttp://www.blogger.com/profile/03960912417983904202noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-5724181159639068489.post-79662123425502172132011-08-04T14:03:57.232-04:002011-08-04T14:03:57.232-04:00CORPORATE CRIME REPORTER
Corporate Crime, Russia,...CORPORATE CRIME REPORTER<br /><br />Corporate Crime, Russia, Peter Orszag and Getting Away with Murder<br />25 Corporate Crime Reporter 31, July 28, 2011<br /><br />Gretchen Morgenson and Joshua Rosner were at the Wilson Center in Washington, D.C. yesterday for a discussion about their book – Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon.<br /><br />During the question period, Blair Ruble, who heads the Kennan Institute at the Wilson Center, stood up to speak.<br /><br />He told a story about when he was at a conference in Elagua, Tartarstan.<br /><br />“I was pulled out of the conference, and was told the Minister of Economics was coming from the capital of Kazan to see me,” Ruble said.<br /><br />The country had apparently invested some of its oil wealth with the U.S. government and the Minister was concerned about the lack of accountability after the collapse of the housing bubble.<br /><br />“They had this oil revenue and they didn’t trust the Russian government,” Ruble said. “I was the first American he could find. We had lunch. After realizing I couldn’t help him he said to me – ‘When did you Americans become Russians?”<br />“My father was a federal prosecutor and my mother was a criminologist, and her speciality was Soviet criminology,” Rosner said. “As she read our book – she kept saying – Jesus, this sounds like the way it is done there. Every piece of it. You have an entrenched bureaucracy without accountability.”<br /><br />Rosner said a “code of silence” protects those complicit in the recent collapse.<br />http://corporatecrimereporter.com/morgenson07282011.htmAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-61959370731576297452011-08-04T13:15:08.159-04:002011-08-04T13:15:08.159-04:00We need candidates that are not part of the entren...We need candidates that are not part of the entrenched establishment...corzine does not fit bill!<br /><br />Risk off Stocks to the Ultra-Risk of Bonds, The MIC, Comic-Congress<br /><br />As the stock market goes down; people move into the ultra-risk of US<br />government and municipal bonds. Adjusted for risk US bonds need to<br />yield 8%-25% or more. No safety can be found in US bonds which are<br />keyed to confidence in the US government. Stocks are a function of<br />earnings, which are deteriorating and will continue to do so.<br />Challenging times are ahead. We need to cut Empire and transform our<br />War Department into a Defense department. If we were truthful about<br />accounting we could spend 1.7% of GDP, about the same amount per<br />capita as Canada. As far as social security is concerned, give me my<br />money back compounded. In a Fraud case against congress we are<br />entitled to be made whole.<br /><br />http://www.youtube.com/watch?v=wceT5BB3XTM&feature=youtube_gdataAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-88087648089342439822011-08-04T11:57:24.920-04:002011-08-04T11:57:24.920-04:00Meanwhile....
Jon Corzine
The former co-chief ex...Meanwhile....<br /><br />Jon Corzine<br /><br />The former co-chief executive of Goldman went into full-time politics in<br />1999, having lost the internal power struggle that preceded the company's<br />stock-market flotation in 1999. He has been governor of New Jersey since<br />2006, having spent the previous six years in the US Senate. His 2000 Senate<br />election campaign was then the most expensive ever in the US, and Corzine<br />spent $62m of his own money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-3765345619325745622011-08-04T11:52:31.709-04:002011-08-04T11:52:31.709-04:00Explain this...?
New Jersey Pays Goldman Sachs fo...Explain this...?<br /><br />New Jersey Pays Goldman Sachs for Swaps on Nonexistent Bonds<br /><br />Oct. 23 (Bloomberg) -- New Jersey taxpayers are sending almost $1 million a month to a partnership run by Goldman Sachs Group Inc. for protection against rising interest costs on bonds that the state redeemed more than a year ago. <br /> <br /> <br />In New Jersey, the 3.6 percent fixed rate the trust fund is paying on the swap has pushed the cost to taxpayers of the original $345 million borrowing to 7.8 percent, the most the authority has paid since it was formed in 1985, according to records posted on its Web site. <br />The payments are draining money from a dwindling account that may not be able to support new projects because the $895 million in annual gasoline taxes and toll revenue dedicated to the fund will be needed to pay debt service on $10.3 billion in obligations. To help prop up spending, officials have suggested raising New Jersey’s 14.5 cents-a-gallon gasoline levy, the fourth-lowest among U.S. states, according to research by the Tax Foundation, a Washington, D.C.-based research organization. <br /> <br /> <br /> <br />“I’m sure there’s an explanation,” Corzine, 62, said during a brief interview as he left a contractors’ convention in New Brunswick, New Jersey, on Oct. 14. “They don’t just send money out.” <br /> <br /> <br />http://www.bloomberg.com/apps/news?pid=20601087&sid=aufmSRtDn0ggAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-8115028069340290362011-08-04T10:52:05.709-04:002011-08-04T10:52:05.709-04:00Machiavelli never let you know what was on his min...Machiavelli never let you know what was on his mind...<br /><br />Watch this..<br /><br />Its The OLIGARCHY, Stupid<br /><br />http://maxkeiser.com/2011/08/04/its-the-oligarchy-stupid/<br /><br />The Global Economy’s Corporate Crime Wave<br /><br />http://www.project-syndicate.org/commentary/sachs177/English<br /><br /><br /><br />New Jersey Pays Goldman Sachs for Swaps on Nonexistent Bonds<br /><br />Oct. 23 (Bloomberg) -- New Jersey taxpayers are sending almost $1 million a month to a partnership run by Goldman Sachs Group Inc. for protection against rising interest costs on bonds that the state redeemed more than a year ago. <br /> <br /> <br />In New Jersey, the 3.6 percent fixed rate the trust fund is paying on the swap has pushed the cost to taxpayers of the original $345 million borrowing to 7.8 percent, the most the authority has paid since it was formed in 1985, according to records posted on its Web site. <br />The payments are draining money from a dwindling account that may not be able to support new projects because the $895 million in annual gasoline taxes and toll revenue dedicated to the fund will be needed to pay debt service on $10.3 billion in obligations. To help prop up spending, officials have suggested raising New Jersey’s 14.5 cents-a-gallon gasoline levy, the fourth-lowest among U.S. states, according to research by the Tax Foundation, a Washington, D.C.-based research organization. <br /> <br /> <br /> <br />“I’m sure there’s an explanation,” Corzine, 62, said during a brief interview as he left a contractors’ convention in New Brunswick, New Jersey, on Oct. 14. “They don’t just send money out.” <br /> <br /> <br />http://www.bloomberg.com/apps/news?pid=20601087&sid=aufmSRtDn0gg<br /><br />Jon Corzine<br /><br />The former co-chief executive of Goldman went into full-time politics in<br />1999, having lost the internal power struggle that preceded the company's<br />stock-market flotation in 1999. He has been governor of New Jersey since<br />2006, having spent the previous six years in the US Senate. His 2000 Senate<br />election campaign was then the most expensive ever in the US, and Corzine<br />spent $62m of his own money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-80833095170006406492011-08-04T10:34:04.345-04:002011-08-04T10:34:04.345-04:00I read Wikipedia's biography on Jon Corzine an...I read Wikipedia's biography on Jon Corzine and he looks like one of the good guys. I also read an interview with him by William Greider in Feb 2002 at http://www.thenation.com/article/interview-senator-jon-corzine?page=full<br /><br />During the interview, he seemed to understand the need for regulation even in derivatives and this was well before the financial meltdown. <br /><br />Of course, in the nine years since, he may have changed his stance.Joycenoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-50280286600621127252011-08-03T16:15:02.459-04:002011-08-03T16:15:02.459-04:00Geithner out Corzine in?
Corzine is a big shot (h...Geithner out Corzine in?<br /><br />Corzine is a big shot (he had equal responsibilities at Goldie as did Hank Paulson). He would not consider a low level job in DC. So it has to be Tsec that he is after.<br /><br />Let the dust settle for a month or so on both the debt deal and the MS bond offering and we are going to see a new guy at Treasury. Another Goldmanite. Just what we need….<br /><br />http://www.zerohedge.com/contributed/geithner-out-corzineAnonymousnoreply@blogger.com