tag:blogger.com,1999:blog-5724181159639068489.post3215833896096589627..comments2023-11-05T05:09:14.089-05:00Comments on Goldman Sachs: Information, Comments, Opinions and Facts: Goldman Sachs and Helicopter BenRobertMhttp://www.blogger.com/profile/03960912417983904202noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-5724181159639068489.post-15148372318564286642010-05-14T13:40:59.594-04:002010-05-14T13:40:59.594-04:00A little dated but interesting:
Of ideology, rece...A little dated but interesting:<br /><br />Of ideology, recession, and policy paralysis <br /><br /><br />The fact is, even today, although they all are not entirely in thrall to St. Milton, the country’s principal economic advisors remain mostly committed to the “free market” model of modern capitalism. The influence of St. Milton remains strong. That includes most of President Clinton’s economic advisors such as Robert Rubin and Lawrence Summers, George W.’s advisors Henry Paulson and Bernard Bernanke, and now with President Obama, we have Summers and Bernanke again along with Tim Geithner (not to mention the unofficial influence of Goldman Sachs’ Lloyd Blankfein). These savants have extended the theology of “free markets” to the financial sector, where it never had been considered wise for governments to yield regulatory oversight.<br /><br />Can there be anything more revealing about the insider, banker/trader outlook of Paulson, Geithner, Bernanke, & Summers, Inc., than the massive bailout with taxpayer money to AIG which then promptly paid off at 100 percent on the dollar its $12 billion debt to Goldman, Sachs. Which in turn reported record profits the next quarter, an achievement that owed not to its role as a newly-chartered bank that generates loans but to its extensive and murky trading business. (How murky? We now know that Goldman, Sachs was/is among the conspirators that concealed the true fragility of the Greek government while encouraging investors to buy Greek government bonds; and at the same time, speculating in Credit-Default Swaps that will greatly profit G,S when/if the Greek Government defaults. Similarly, the federal government bought at 100 cents on the dollar Bank of America’s worthless loans so that B of A could buy the foundering Merrill, Lynch, another high roller in the financial casinos of the globe, at the same time concealing from its own shareholders (1) just how loaded with debt Merrill Lynch was, and (2) that M,L was about to award its top executives more than a billion dollars in bonuses!<br /><br />http://blogs.berkeley.edu/2010/03/04/1203/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-82598208550192062012010-05-14T12:09:40.919-04:002010-05-14T12:09:40.919-04:00Cuomo Subpoenas Goldman...
http://tinyurl.com/3xm...Cuomo Subpoenas Goldman...<br /><br />http://tinyurl.com/3xmoeb6JRnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-36111521601891412012010-05-14T01:23:28.557-04:002010-05-14T01:23:28.557-04:00Trading Machines Gone Wild
What makes markets int...Trading Machines Gone Wild<br /><br />What makes markets interesting and so challenging is that no one knows in advance exactly where the “value” assigned by this collection of buyers and sellers will be on any given day. That is why good traders plan in advance a level or price at which they are willing to admit that their judgment of the “value” of a stock was wrong. If they are prudent, limit their losses and can maximize their winning trades, they will take 3 steps forward for every step backward. But the fact is even the best traders sometimes err.<br /><br />Not so in the brave new world of the high frequency algo crowd. You see, they never have a plan for getting out of a trade that goes south because in the world in which they live, there exists no such thing. Up until now, I had believed that only God was omniscient (knows all things particularly in advance because He decrees them). Suddenly however, this new breed of mortals has achieved “godlike” status with perfect foreknowledge and flawless insight and can claim to stand on the same level with the Almighty in the realm of future knowledge.<br /><br />Here is the truth – these huge firms have now become the market. It exists only to serve them.<br /><br /><br />http://jsmineset.com/2010/05/13/trading-machines-gone-wild/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-77715354017058745282010-05-13T19:26:21.908-04:002010-05-13T19:26:21.908-04:00Like the last Samurai said...perfect!
How Wall St...Like the last Samurai said...perfect!<br /><br />How Wall Street Can Win Back Confidence<br /><br />Prosecute wrong-doers. There have been many. Blatant and obvious insider trading on various news events, unlawful front-running, allegations of firms selling securities to customers as "good investments" while in emails claiming they're "crap", "trash", "turds" and similar and more. All of these are frauds of various sorts. If I bilk the little old lady next door out of $2,000 I am prosecuted and might go to prison. These firms bilked investors out of trillions over the last 20 years and few if any of them have faced any sort of criminal or civil sanction. The public cannot trust Wall Street until the cops show up.<br /><br />You want ordinary investors back in the market? Do the above.<br /><br /><br />http://market-ticker.denninger.net/archives/2315-How-Wall-Street-Can-Win-Back-Confidence.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-5248846654454730902010-05-13T17:38:27.506-04:002010-05-13T17:38:27.506-04:00They'll gut the U.S. with a smile on their fac...They'll gut the U.S. with a smile on their face.<br /><br /><br />Goldman Sachs are experts at this.<br /><br /><br /><br /><br />There is one other flaw in the EU plan. In 1992, when George Soros attacked the Bank of England, he did so by selling Sterling and buying dollars. This forced the Bank of England to do the opposite which was to buy Sterling and sell dollars. Since the Bank of England had a finite amount of dollars to sell, Soros knew he could beat them by buying more than they had. However, he needed real money to do this and he was perhaps the only speculator in the world at that time with that much money. Today you do not need money to destroy national finances, you can do this by the creation of synthetic short positions in Euros through the use of credit default swaps (CDS) and other derivative instruments. Goldman Sachs are experts at this. And they can create CDS in potentially infinite amounts since there is no regulation and no margin requirements. In effect, Goldman could create a short position equal to ten times the amount of Euros in the guarantee fund. Goldman can create synthetic short positions faster than the ECB can print money. Therefore, the ECB's plan is doomed to fail because they cannot beat the speculators who can use CDS instead of real money.<br /><br /><br />http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/5/12_Explosive_Gold_Catalyst_II_.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-562206342716689132010-05-13T17:29:43.397-04:002010-05-13T17:29:43.397-04:00The fed, goldman, jpm, imf,...they all are power s...The fed, goldman, jpm, imf,...they all are power structures with no accountability. Max's guest is right we need government that serves the people not corporate interests:<br />Jim Rickards<br />http://kingworldnews.com/kingworldnews/Broadcast/Entries/2010/5/13_Jim_Rickards.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-64074320093128284852010-05-13T15:15:56.874-04:002010-05-13T15:15:56.874-04:00That Max Keiser site is:
http://maxkeiser.com/201...That Max Keiser site is:<br /><br />http://maxkeiser.com/2010/05/13/kr42-keiser-report-markets-finance-scandal/JRnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-28455432341221585832010-05-13T15:13:11.492-04:002010-05-13T15:13:11.492-04:00Max Keiser has some interesting things to say abou...Max Keiser has some interesting things to say about how the financial crisis may end:<br /><br />strategy:http://maxkeiser.com/2010/05/13/kr42-keiser-report-markets-finance-scandal/JRnoreply@blogger.com