tag:blogger.com,1999:blog-5724181159639068489.post5539358724395563199..comments2023-11-05T05:09:14.089-05:00Comments on Goldman Sachs: Information, Comments, Opinions and Facts: Why Goldman Sachs Has No CredibilityRobertMhttp://www.blogger.com/profile/03960912417983904202noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5724181159639068489.post-52446326058364065352011-09-07T12:41:18.574-04:002011-09-07T12:41:18.574-04:00I hope there will be a non-violent demonstration a...I hope there will be a non-violent demonstration and long sit-in that will spur actions, somehow!Guestnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-80582102838802643032011-09-06T17:57:19.720-04:002011-09-06T17:57:19.720-04:00SAN LUIS OBISPO, Calif. (MarketWatch) – The start ...SAN LUIS OBISPO, Calif. (MarketWatch) – The start of WWIV? Too strong? <br />Maybe just the “Second American Revolution?” Too dramatic? Either way, <br />this is a new D-Day, the invasion of Wall Street. And a global <br />game-changer. <br /><br /> <br /><br /> <br /><br /><br /><br />On Sept. 17, the Arab Spring becomes the new American Fall, with 20,000 <br />revolutionaries in a tent city. Plus “solidarity” occupations in major <br />financial centers worldwide, all ready for a long siege, vowing not to <br />leave till they get their “one simple demand.” <br /><br /><br /><br /><br /><br />The new ones are also united in the spirit of the Tahrir Square <br />revolutionaries: “One thing we all have in common is that we are the 99%<br /> that will no longer tolerate the greed and corruption of the 1%,” <br />according to posts on the <br />Occupy Wall Street website <br />. <br /><br /> <br /><br /> <br /><br /><br /><br />Leaderless, yes. But now their real power comes in a new strategy: “one <br />big swarm of people” challenging authority. They want their democracy <br />back: “One citizen. One dollar. One vote.” Get the corrupting influence <br />of money out of elections. <br /><br /> <br /><br /> <br /><br /><br /><br />Bottom line: They want to eliminate “the greatest corrupter of our democracy: Wall Street, the financial Gomorrah of America.” <br /><br />http://www.marketwatch.com/story/occupy-wall-street-will-lay-siege-to-us-greed-2011-09-06?Harrynoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-20139286169593030742011-09-06T16:24:48.888-04:002011-09-06T16:24:48.888-04:00"Fraud As a Business Model"
Tavakoli Str..."Fraud As a Business Model"<br />Tavakoli Structured Finance<br /><br />To illustrate just one type of malicious mischief, Senator Carl Levin (D. Mich.), Chairman of a senate investigative panel, issued a memo stating that Goldman "magnified the impact of toxic mortgages." The Wall Street Journal reviewed data showing that a $38 million subprime-mortgage bond created in June 2006 was referenced in more than 30 debt pool causing around$280 million in losses to investors by 2008. In other words, Goldman kept repackaging, reselling or protecting (buying credit default protection on) losers. It took the wrong kind of nerve for Goldman's CEO to say he was doing "God's work."<br /><br />Money is being put in taxpayers' pockets in the form of "recoveries" while being extracted again in the form of subsidies and cheap funding to shaky banks that continue to award record pay and record bonuses as they gouge consumers. We can expect more of the same if we continue to let banks off with a slap on the wrist for malfeasance--along with a taxpayer subsidized fine--while banks neither admit nor deny wrongdoing. <br /><br />http://www.huffingtonpost.com/janet-tavakoli/fraud-as-a-business-model_b_950806.htmlAnonnoreply@blogger.com