tag:blogger.com,1999:blog-5724181159639068489.post3064909440287223444..comments2023-11-05T05:09:14.089-05:00Comments on Goldman Sachs: Information, Comments, Opinions and Facts: More Goldman Sachs Secret BorrowingsRobertMhttp://www.blogger.com/profile/03960912417983904202noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-5724181159639068489.post-36402754520286624702011-07-09T13:51:26.067-04:002011-07-09T13:51:26.067-04:00Hey, Washington, I've Been Paying Into Social ...Hey, Washington, I've Been Paying Into Social Security And Medicare For 48 Years--So How Much Are You Cutting From YOUR Benefits?<br /><br />This letter points out that Sen. Simpson himself, along with many other career politicians, has spent his life sucking on the taxpayer's teat.<br />To add insult to injury, you label us "greedy" for calling bs on your incompetence. Well, now I have a few questions for YOU.<br /><br /> 1. How much money have you earned from the American taxpayers during your 50-year political career?<br /><br /> 2. At what age did you retire from your political career, and how much are you receiving in annual retirement benefits from the American taxpayers?<br /><br />3. How much do you pay for YOUR government provided health insurance?<br /><br />4. What cuts in YOUR retirement and healthcare benefits are you proposing in your disgusting deficit reduction proposal, or, as usual, have you exempted yourself and your political cronies?<br /><br /><br />Read more: http://www.businessinsider.com/hey-washington-ive-been-paying-into-social-security-and-medicare-for-48-years-and-now-youre-screwing-me-2011-7?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-4473959325297929302011-07-08T20:02:32.750-04:002011-07-08T20:02:32.750-04:00With rulings like this, miscreants will face NO PE...With rulings like this, miscreants will face NO PENALTY !!!<br /><br /><br />http://newsandinsight.thomsonreuters.com/Legal/News/2011/07_-_July/Second_Circuit_slams_door_on_investors_suing_fraud_abettors/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-71923851535036315282011-07-08T15:05:33.098-04:002011-07-08T15:05:33.098-04:00This last link is really intriguing. I tried to a...This last link is really intriguing. I tried to access the link to the story at Jesse's Crossroads Cafe and couldn't but I found the source for the same information here: <br /><br />http://www.heraldtribune.com/article/20110707/ZNYT01/107073017/-1/news?p=1&tc=pg<br /><br />I remember hearing somewhere that George W. Bush tried to deregulate everything he could before he left office. I know he "inspired" the justice department to soften its outlook on torture and I'm sure he picked people for the Supreme Court with similar views to his--to make things softer for banks and businesses. <br /><br />This article reveals just how successful he was in re-creating things the way HE thought they should be. He was all for self-regulation and deferred prosecution is one aspect of that.<br /><br />It begins to explain why there have been no criminal prosecutions of banks like Goldman Sachs.<br /><br />It will take years and years to undo the harm the "W" caused to all democratic processes in the US (IMHO).Joycenoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-76896645855103700392011-07-08T11:32:27.739-04:002011-07-08T11:32:27.739-04:00Not Prosecuting Corporate Crime Aggressively Has B...Not Prosecuting Corporate Crime Aggressively Has Been US Government Policy Since 2008<br /><br /><br /><br /><br />Federal prosecutors officially adopted new guidelines about charging corporations with crimes — a softer approach that, longtime white-collar lawyers and former federal prosecutors say, helps explain the dearth of criminal cases despite a raft of inquiries into the financial crisis.<br /><br />Though little noticed outside legal circles, the guidelines were welcomed by firms representing banks. The Justice Department’s directive, involving a process known as deferred prosecutions, signaled “an important step away from the more aggressive prosecutorial practices seen in some cases under their predecessors,” Sullivan & Cromwell, a prominent Wall Street law firm, told clients in a memo that September.<br /><br />http://jessescrossroadscafe.blogspot.com/2011/07/not-prosecuting-white-collar-financial.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-55702745920594011582011-07-08T11:10:00.686-04:002011-07-08T11:10:00.686-04:00Keep believing in fairness..
I.R.S. Drops Audits ...Keep believing in fairness..<br /><br />I.R.S. Drops Audits of Political Donors<br />The Internal Revenue Service on Thursday abandoned its effort to force five big-ticket donors to pay gift taxes on contributions they made to nonprofit advocacy groups that are playing an increasing role in American politics. <br />The memo was a sharp reversal for the tax agency, which had invoked a rarely used, 30-year-old ruling to warn the five donors in February that they might owe gift taxes on their donations. Organizations heavily financed by conservative donors like David Koch, or in the case of Crossroads GPS, tied to top Republican strategists like Karl Rove, would have come under such newly enforced rules, were they to be imposed across the board.<br /><br />http://www.nytimes.com/2011/07/08/business/irs-drops-audits-of-donors-to-political-groups.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-52733592037603490512011-07-08T11:01:44.019-04:002011-07-08T11:01:44.019-04:00Bankers and Wall Street benefit from "too big...Bankers and Wall Street benefit from "too big to fail" and monetary printing. Unions buy votes from corrupt politicians.<br /><br />Inflation benefits those with first access to money. Who has that first access? Banks and the already wealthy.<br /><br />http://globaleconomicanalysis.blogspot.com/2011/07/hugo-salinas-price-and-michael-pettis.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-68664924655617738072011-07-08T10:27:06.816-04:002011-07-08T10:27:06.816-04:00The secret to their success....
How do you borrow...The secret to their success....<br /><br />How do you borrow 200 billion against $1 and make 10 billion doing it<br /><br />http://maxkeiser.com/2011/07/08/how-do-you-borrow-200-billion-against-1-and-make-10-billion-doing-it/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-74672442444425496032011-07-07T22:55:33.719-04:002011-07-07T22:55:33.719-04:00Can't imagine why?..lol
At Goldman, Pressure ...Can't imagine why?..lol<br /><br />At Goldman, Pressure on Staff to Keep a Low Profile<br /><br /><br />In Ms. Baker’s case, she was told that writing about her time at Goldman would represent a breach of her confidentiality agreement, which extended indefinitely. The firm informed Mr. Levine, 33, that he would have to take a paid 60-day leave before he could start at Dealbreaker, a common industry waiting period referred to as a “garden leave.”<br /><br />“I don’t think it’s all that surprising, given everything that’s gone on with Goldman Sachs and the press,” said Bess Levin, the Dealbreaker editor who hired Mr. Levine.<br /><br />A Goldman spokesman declined to comment. Ms. Baker and Mr. Levine declined to talk about the contractual terms of their departure, citing their confidentiality agreements.<br /><br />Investment banks have always prized discretion among employees. But at Goldman — an investment bank so private that many of its employees refer to it simply as “the firm” — there is added pressure to keep a low profile.<br /><br />http://dealbook.nytimes.com/2011/07/07/at-goldman-mounting-pressure-on-staff-to-keep-a-low-profile/?hpAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-11303147560780461452011-07-07T18:53:36.545-04:002011-07-07T18:53:36.545-04:00This Time is Different, or will The Next Financial...This Time is Different, or will The Next Financial Crisis Be Even Worse<br /><br /><br />3. The incentives remain crooked. People outside finance from respected political pundits like George Will to normal people on Main Street still don’t fully get this. Wall Street rules aren’t like Main Street rules. The guy running a Wall Street bank isn’t in the same “risk/reward” situation as a guy running, say, a dry-cleaning shop. Take all our mental images of traditional American free-market enterprise and put them to one side. This is totally different. For the people on Wall Street, it’s a case of heads they win, tails they get to flip again. Thanks to restricted stock, options, the bonus game, securitization, 2-and-20 fee structures, insider stock sales, “too big to fail” and limited liability, they are paid to behave recklessly, and they lose little or nothing if things go wrong.<br /><br />4. The referees are corrupt. We’re supposed to have a system of free enterprise under the law. The only problem: The players get to bribe the refs. Imagine if that happened in the NFL. The banks and other industries lavish huge amounts of money on Congress, presidents and the entire Washington establishment of aides, advisers and hangers-on. They do it through campaign contributions. They do it with $500,000 speaker fees and boardroom sinecures upon retirement. And they do it by spending a fortune on lobbyists so you know that if you play nice when you’re in government, you too can get a $500,000-a-year lobbying job when you retire. How big are the bribes? The finance industry spent $474 million on lobbying last year alone, according to the Center for Responsive Politics.<br /><br />http://www.thetrader.se/2011/07/07/this-time-is-different-or-will-the-next-financial-crisis-will-be-even-worse/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-47172143585766092552011-07-07T16:27:20.994-04:002011-07-07T16:27:20.994-04:00How Goldman Sachs Created 'Shitty' CDOs, S...How Goldman Sachs Created 'Shitty' CDOs, Sold Them To AIG, Forced AIG Into Bankruptcy, Got A $20 Billion Bailout, Paid Themselves Billions In Bonuses, And Watched As Tim Geithner Covered It All Up<br /><br />Here's what you need to take from this: Goldman put together crappy CDO's, bought Credit Default Swap protection (insurance) from AIG, pushed AIG into bankruptcy by making claims on the insurance, and then got paid -- not by AIG -- but by the TAXPAYER.<br /><br />Oh, and the guy who tried to cover all this up? Barack Obama picked him to be your Treasury Secretary. Is this a great country, or what?<br /><br />http://dailybail.com/home/how-goldman-sachs-created-shitty-cdos-sold-them-to-aig-force.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-37968192292913041002011-07-07T15:45:46.207-04:002011-07-07T15:45:46.207-04:00Take a look at the items you listed above....just ...Take a look at the items you listed above....just remember this...they took the food right out of your mouth...maybe that's what it will take for people to realize how badly they were duped by government and wall street! Somebody had to pay for those bonuses!!!<br /><br /><br />AARP Screams Bloody Murder<br /><br />The idea of using this different measure of inflation, known as a “chained” consumer price index, has won support from numerous deficit-reduction commissions as well as many liberal and conservative economists." Yet reminding everyone that there is no such thing as a free lunch in finance, the "biggest savings—an estimated $112 billion—would be from slowing the growth in the cost-of-living adjustments for Social Security beneficiaries." Sure enough someone is unhappy. Enter the AARP which is already screaming, justifiably, bloody murder should the administration proceed with what will be an outright slashing of Social Security obligations. "AARP will not accept any cuts to Social Security as part of a deal to pay the nation’s bills,” said Rand. “Social Security did not cause the deficit, and it should not be cut to reduce a deficit it did not cause." Did Obama's war with America's seniors just enter Defcon 1?<br /><br />http://www.zerohedge.com/article/aarp-screams-blood-murder-warns-against-changing-cpi-definition-and-cuts-social-security-pur?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-88629016208202468252011-07-07T14:29:02.289-04:002011-07-07T14:29:02.289-04:00Gerald Celente wants to know did any of that bailo...Gerald Celente wants to know did any of that bailout trickle down...?...seems just up<br /><br /><br />http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/7/7_Gerald_Celente.htmlAnonymousnoreply@blogger.com