tag:blogger.com,1999:blog-5724181159639068489.post9061475107796048706..comments2023-11-05T05:09:14.089-05:00Comments on Goldman Sachs: Information, Comments, Opinions and Facts: Here's The World That Goldman Sachs Has Created for Itself!RobertMhttp://www.blogger.com/profile/03960912417983904202noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5724181159639068489.post-11260709909844708472011-12-09T12:15:36.244-05:002011-12-09T12:15:36.244-05:00Taking Profit from the Mouths of Babes
How the com...Taking Profit from the Mouths of Babes<br />How the combination of tax policy and Wall Street greed results in the systematic bilking of Medicaid and a generation of traumatized children.<br />By Jim Moriarty and Kevin Tumlinson<br /><br />There's an old party game where someone asks, "What would you do for a million dollars?"<br /><br />Answering this question can reveal a lot about you as a person. Would you steal for the money? Would you hurt someone? Would you hurt a child?<br /><br />As empathetic, moral, and ethical human beings we hope there is a line we would refuse to cross. It's wrong to steal, we say. It's horrible to hurt someone for money. And it is absolutely unthinkable to hurt a child under any circumstances.<br /><br />Humans, we reason, will largely refuse to do evil things out of a sense of common decency, if not a fear of social or legal reprisal.<br /><br />The problem is corporations1 aren't human.<br /><br />The simple fact is that inhumane acts occur every day, and the payoff is a lot more than a million dollars. In fact, thousands of children are being systematically abused and Americans are paying the bill for it, all as part of an elaborate and reprehensible disregard for state and federal laws.<br /><br /><br /><br />But don't worry," an advocate for the company said. "Your insurance won't be charged for the root canal."<br /><br />The problem is pretty simple. Wall Street hedge funds and private equity groups have discovered a veritable gold mine. They mine for gold by purchasing dental clinics, paying one of their employee dentists to pretend that he/she actually owns and controls the clinics, and then treating incoming patients with a laser-like focus on increased profits. The corporate control business model puts financial goals over legitimate dental needs, and the primary target is in Medicaid-paid dental services to children. However, the model is increasingly pervading all dentistry for children, spreading across the country like a cancer. The thought comes to mind, "There ought to be a law against this." Interestingly, there are such laws, but because of a lack of awareness on the part of the authorities, nothing is being done. A single Assistant U.S. Attorney or Assistant District Attorney could put these companies out of business over his lunch hour.<br /><br />At the core of this scam is the intersection of two different policies: tax policy and independent medical/professional judgment policy. Hedge funds and private equity funds circumvent the medical/professional judgment laws, and at the same time convert ordinary dental income into capital gains so as to maximize revenue and at the same time, pay much lower taxes. The economic result of this is the cheating of the American taxpayer and systematic and widespread child abuse.<br /><br />Converting these small dental practices into large corporate-run practices has opened a way for dentists to make tens or even hundreds of millions, but it has also opened the door to systematic corruption and abuse. To increase the number of procedures performed, dentists are performing procedures that are unnecessary and perhaps even unwise. Their victims are often lower-income families, who neither realize anything is wrong nor that they can fight back. This happens every day, to thousands of children, across America.<br /><br />http://www.moriarty.com/abusivedentalclinics/Updates/Mouths_Of_Babes/Nothings sacrednoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-90235501418583627282011-12-09T09:06:45.265-05:002011-12-09T09:06:45.265-05:00It's as if Jon Corzine's PR machine is in ...It's as if Jon Corzine's PR machine is in top spin mode. You'll <br />recall Jon Corzine is the former head of Goldman Sachs and former CEO of<br /> MF Global that appeared in front of Congress yesterday to answer <br />questions about an estimated $600 million to $1.2 billion in missing <br />money from the segregated accounts of customers of MF Global.<br /><br /><br />Yesterday and today, I heard confusion about whether or not MF <br />Global's diverting customer funds was allowable and the possibility that<br /> customers will eventually get the money back. <br /><br /><br />Let me be clear. The diverting of customer funds from segregated <br />accounts is not legal or allowable, and even if the money is later <br />"found" it is fraud.<br /><br /><br />Jon Corzine was a bond trader in his past life and he says he doesn't<br /> know where the money is and that he didn't understand the details of <br />the operations of MF Global, which appear to be a mess due to negligence<br /> or intent. <br /><br />Instead of unwinding the trades, it appears that MF Global illegally <br />wired money from customer accounts to satisfy margin calls on MF <br />Global's trades. If that illegal activity happened, Corzine as a bond <br />trader aware of risk and as the head of MF Global, knew it or should <br />have known it. This should be the focus of Congress' investigation. <br />Wire fraud is a federal crime.<br /><br />http://www.huffingtonpost.com/janet-tavakoli/jon-corzine-dodges-the-fr_b_1138625.htmlGo to jailnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-27767127255800047402011-12-08T21:47:44.756-05:002011-12-08T21:47:44.756-05:00Capital Account: William K. Black on MF Global and...Capital Account: William K. Black on MF Global and Jon Corzine Culpability (12/08/11)<br /><br />From Goldman Sachs to governor to grilling, Jon Corzine former CEO of <br />the now bankrupt MF Global testifies on Capitol Hill. He claims he is <br />clueless about how and where the possible $1.2 billion dollars of his <br />client's money is that is missing. How has all of this happened three <br />years after the financial crisis when Wall Street was supposed to be <br />reined in? And the golden boys of Wall Street have their Goldman <br />tentacles spread over the MF Global case. The head of the CFTC - MF <br />Global's regulator - has recused himself from the MF Global probe <br />because he worked with Jon Corzine at Goldman Sachs. We speak to William<br /> K. Black, a former regulator who during the Savings and Loan crisis <br />oversaw more than 10,000 criminal referrals, 1,000 felony convictions, <br />and where hundreds of bankers went to prison.<br /><br /><br /><br /><br /><br /><br />http://www.youtube.com/watch?v=tPZ6KHLys5E&feature=colikeNo regulationnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-6891405486053825112011-12-08T13:17:36.502-05:002011-12-08T13:17:36.502-05:00Jon Corzine has released the written testimony tha...Jon Corzine has released the written testimony that he will make before Congress today. It has been highly polished up by his legal advisers and contains so many "I can't recall's" that even Bill Clinton would blush. While the entire testimony has very little credibility with regard to substantive issues, I just want to address one specific quote from the testimony because I know - for a fact - that Corzine is lying. From page 17 of the prepared testimony:<br /><br /> I did not, however, generally involve myself in the mechanics of the clearing and settlement of trades, or in the movement of cash and collateral. Nor was I an expert on the complicated rules and regulations governing the various different operating businesses that comprised MF Global. I had little expertise or experience in those operational aspects of the business.<br /><br />Here's the full testimony: LINK If you take the time to read the full testimony, please try not to puke like I nearly did over the obvious lies and legally refined statements which are designed to obfuscate and cover-up the truth.<br /><br />http://truthingold.blogspot.com/2011/12/jon-corzine-is-full-of-shit-and-liar.htmlKeep believing in justicenoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-44189385512590511822011-12-08T10:49:00.648-05:002011-12-08T10:49:00.648-05:00Analysis of Jon Corzine Statement MF Global - Open...Analysis of Jon Corzine Statement MF Global - Open Letter 2 to CME<br /><br />http://www.youtube.com/watch?v=hulgO07Cq8I&feature=colikeWere screwednoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-6598918126014363842011-12-08T10:46:17.575-05:002011-12-08T10:46:17.575-05:00John Crudele: Bloomberg News confirms that stock m...John Crudele: Bloomberg News confirms that stock market was rigged<br /><br />So now do you believe me? The stock market was rigged.<br /><br />It has been a little lonely telling this story over the past few years.<br /><br />But now that another news organization has finally gotten off its lazy butt, I'll tell it again: Under former Treasury Secretary Hank Paulson, confidential government information was regularly leaked to select people on Wall Street.<br /><br />As I've explained many times before, the Post got hold of Paulson's telephone records back in 2009. And the phone logs show that Paulson, the former head of Goldman Sachs, regularly spoke with influential people on Wall Street with whom he shouldn't have been communicating. These phone calls could have been -- let's use the word "enriching" -- for the recipients. <br /><br />http://gata.org/node/10751No recoursenoreply@blogger.com