tag:blogger.com,1999:blog-5724181159639068489.post5019295247329360702..comments2023-11-05T05:09:14.089-05:00Comments on Goldman Sachs: Information, Comments, Opinions and Facts: First, We Need Some Goldman Sachs Bankers to Go To JailRobertMhttp://www.blogger.com/profile/03960912417983904202noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5724181159639068489.post-72287208260959742372011-04-13T12:34:17.018-04:002011-04-13T12:34:17.018-04:00It is my estimation at this point that they are tr...It is my estimation at this point that they are trying to use the great depression that their financial shenanigans have caused. They deliberately created this securitization fraud, this Ponzi scheme after 1999, when Tim Geithner and Larry Summers were both in the Treasury department of the Clinton administration and they drafted the legislation for deregulating the banking system, allowing financial derivatives to be traded without any supervision by the Commodity Futures Trading Corporation, the U.S. Government derivatives supervisory agency – and they knew what they were doing. As Paul Volcker said in an interesting interview – I am certainly not a fan of Volcker from his past, but in this case I agree with him. Paul Volcker said about a year ago when he was asked what he would point to as the most positive contribution of banking innovation in the last twenty years: Well, if I think about it, there is one positive contribution – the invention of the automatic teller machine (vii). Other than that, derivatives and all this financial innovation, has done nothing but harm. That’s a paraphrase, but I think in this case Volcker is right on his estimation.<br /><br />One major problem of our time might be that the central bank of the U.S., the Federal Reserve System, is privately owned.<br /><br />FWE: Yes.<br /><br />http://www.theundergroundinvestor.com/2011/03/a-history-of-rigged-fraudulent-oil-prices-and-what-it-can-teach-us-about-gold-silver/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-48254989045021253492011-04-13T10:36:45.338-04:002011-04-13T10:36:45.338-04:00It is my estimation at this point that they are tr...It is my estimation at this point that they are trying to use the great depression that their financial shenanigans have caused. They deliberately created this securitization fraud, this Ponzi scheme after 1999, when Tim Geithner and Larry Summers were both in the Treasury department of the Clinton administration and they drafted the legislation for deregulating the banking system, allowing financial derivatives to be traded without any supervision by the Commodity Futures Trading Corporation, the U.S. Government derivatives supervisory agency – and they knew what they were doing. As Paul Volcker said in an interesting interview – I am certainly not a fan of Volcker from his past, but in this case I agree with him. Paul Volcker said about a year ago when he was asked what he would point to as the most positive contribution of banking innovation in the last twenty years: Well, if I think about it, there is one positive contribution – the invention of the automatic teller machine (vii). Other than that, derivatives and all this financial innovation, has done nothing but harm. That’s a paraphrase, but I think in this case Volcker is right on his estimation.<br /><br />One major problem of our time might be that the central bank of the U.S., the Federal Reserve System, is privately owned.<br /><br />FWE: Yes.<br /><br />http://www.theundergroundinvestor.com/2011/03/a-history-of-rigged-fraudulent-oil-prices-and-what-it-can-teach-us-about-gold-silver/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-70204797674255647512011-04-12T10:57:15.318-04:002011-04-12T10:57:15.318-04:00The more one looks, the more fraud and bad managem...The more one looks, the more fraud and bad management one sees!Joycenoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-35537468324337246632011-04-12T10:31:51.934-04:002011-04-12T10:31:51.934-04:00Cooperman is ex goldman...Steinhardt is not!
Leo...Cooperman is ex goldman...Steinhardt is not!<br /><br /><br />Leon Cooperman, Who Was Down 36% In 2008, Defends Buffett, Bashes Steinhardt<br />"Earlier today Leon Cooperman, founder of Omega Advisors, took some time from his busy schedule of buying stocks, to bash Mike Stinhardt's moment of truth from last week, and to reaffirm his praise at the altar of crony capitalism by defending Warren Buffett. There is little we can add here, suffice to remind readers that the Omega Advisors' "hedge" fund was down by a whopping 36% in 2008 and was one of the worst performing hedge funds in the Great Financial Crisis (GFC), surely knows all about government funded rescues of the economy and those who ride on its coattails... not to mention the ensuing career risk in the absence of one."<br /><br />http://www.zerohedge.com/article/leon-cooperman-who-was-down-36-2008-defends-buffett-bashes-steinhardt<br /><br /><br />yes I would say the true owners of capital(the pensioners) are fools...<br /><br />is everyone tainted?..no...BUT...<br /><br />The process was corrupted a long time ago...<br /><br />See...<br /><br />In a scathing report, a former chief executive of the California<br />public employee pension fund was accused of pressuring subordinates to<br />invest billions of dollars of pension money with politically connected<br />firms.<br /><br />http://pensionpulse.blogspot.com/2011/03/corruption-at-calpers.html<br /><br />Broidy Pleads Guilty in Pay-to-Play Probe<br /><br />While much of the attorney general’s long-running investigation has<br />focused on the role of placement agents, Mr. Cuomo said Mr. Broidy’s<br />actions didn’t involve these financial middlemen that help money<br />managers obtain lucrative assignments investing pension money.<br /><br />“This is an old-fashioned case of payoffs to state officials,” he<br />said. “This case is effectively bribery of state officials.”<br /><br />http://www.huffingtonpost.com/tina-daunt/elliott-broidy-pleads-gui_b_379469.html<br /><br />Ex-Blackstone Pension Agent Pleads Guilty to Fraud<br />http://tinyurl.com/p4xt7fAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-14655014517614582012011-04-12T10:26:23.152-04:002011-04-12T10:26:23.152-04:00Thanks, Anonymous, for the link above. I shall po...Thanks, Anonymous, for the link above. I shall post it tomorrow.Joycenoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-50582227845723340382011-04-11T20:58:29.929-04:002011-04-11T20:58:29.929-04:00If he's correct...then why the over sized payc...If he's correct...then why the over sized paychecks??<br /><br /><br />Simon Johnson Explains What The Banks Did To Us And Why “Seriously — Goldman Sachs Can’t Fail”<br /><br />http://www.youtube.com/watch?v=-GmBoJ7qHYg&feature=player_embeddedAnonymousnoreply@blogger.com