Wall Street & Goldman Sachs

Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. The Goldman Sachs Group, Inc. is an American multinational bulge bracket Investment Banking firm that engages in global Investment Banking, securities, investment management, and other Financial Services primarily with institutional clients. 5.0/5

Wall Street Goldman Sachs Morgan Stanley Lloyd Blankfein Federal Reserve Morgan Chase Barack Obama New York Times Deutsche Bank Greg Smith Justice Department Wells Fargo Social Security Lehman Brothers New York White House Hillary Clinton Exchange Commission

The Federal Reserve, together with Wall Street investment thugs Goldman Sachs & Co. and ,
This is the same guy that railed against Wall Street then turns around and endorse…
Hey, at least he got a bunch of Goldman Sachs boys off of Wall Street. That's something...
Goldman Sachs wants to become the Google of Wall Street (GS) ?
Goldman Sachs’ new CFO just faced his first grilling by Wall Street analysts
Wall Street on Goldman whiff: 'What the heck is going on?' - Goldman Sachs' stunning first-quarter profit disap...
Said Wall Street owned HRC.He has at least six former Goldman Sachs execs in his administration.Not s…
Sen.Whitehouse: Hillary+Wall Street= Nothing like the GOP. She gave a speech, Trump's put 3 Goldman Sachs people in the…
Wall Street, from heavyweights like Goldman Sachs and JPMorgan to boutique firms, is a vessel for fashion startups.
After filling his admin with Goldman Sachs alumni, Trump then fired "the man who terrifies Wall Street." Populism! https:/…
COME. ON. T campaign against Wall Street elites? Then why has he hired half of Goldman Sachs? Elevate working people? Ugh
. Billionaires, Wall Street, Goldman Sachs and racists. that's "draining the swamp"? 😂😂😂
another corrupt Wall Street / Goldman Sachs millionaire. Now in charge of our treasury.
Trump ♥ Wall Street. Not draining the swamp and giving even more high-level positions to Goldman Sachs. http…
Wall Street self-regulation is so 1990s. But Trump and his Goldman Sachs acolytes want to bring it back.
Surprise, surprise. Trump has turned his back on everything he said in the campaign and cozied up to Wall Street. https:…
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Trump letting Goldman Sachs' Gary Cohn make it easier for Wall Street to steal your money. So much for
2. Trump said Hillary was controlled by Wall Street, then he picked former Goldman Sachs execs for his cabinet https:/…
Wall Street executives&Goldman Sachs had total control of who Trump appointed 2his cabinet,folks who hate the departments…
Trump adds Goldman Sachs lawyer to his Wall Street dream team via
Trump named Jay Clayton, a Wall Street lawyer, to head the SEC. He's the latest pick with ties to Goldman Sachs.
Republican Party's official biography for Mnuchin left out most of his Wall Street ties ..top perch at Goldman Sachs.
Donald Trump won by running against Wall St. and (((Goldman Sachs))) -- and you'll never guess what happened next!.
Trump puts Goldman Sachs in spotlight, for better or worse - (Reuters) - No Wall Street firm is set to do bette...
Wall Street is celebrating Trump for his deregulation politics and his 2 former Goldman Sachs cab picks
Trump attacked Wall Street on the campaign. Now he nominates a former Goldman Sachs executive to be Treasury Secretary.…
I'm old enough to remember when Ted Cruz's wife working for Goldman Sachs meant that Cruz was a corrupt Wall Street insider.
So Trump blasted HRC for taking money from Wall Street and he appoints two Goldman Sachs guys to Treasury? He is the swamp
Trump lied when he said he would stand up to Wall Street. Considering Goldman Sachs employee for Treasury Sec.
Mercer-hedge fund owner, Bannon- ex Goldman Sachs, billionaire Trump are anti-Wall Street. What a lie. They just want $0 tax for themselves.
A 33-year old Goldman Sachs salesman just landed the most coveted title on Wall Street
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WikiLeaks: Clinton avoided criticism of Wall Street in Goldman Sachs speeches
No one trusts the media. They are bought and paid for by Hillary, the same way she's owned by Wall Street & Goldman Sach
Damaging emails show us why Hillary is hiding the Goldman Sachs transcripts. She tells Wall Street one thing…
Hillary to Goldman Sachs, Feb 4, 2014: "I'm kind of removed from the struggles of the Middle Class"
Where are those Goldman Sachs/Wall Street speech transcripts you promised to release Hillary Clinton for President?! 🤔 https:/…
Goldman Sachs bans donations to Trump, but not Clinton. . Who is the candidate of Wall Street again?
Also, born in 1951, but worked on Wall Street *before* 1966? Was she the Doogie Howser of Goldman Sachs?
don't your supporters know that Wall Street supports Hillary. Goldman Sachs endorsed her. Check out the news.
Bernie is supporting Hillary who is against everything he is for...she is Wall Street, Goldman Sachs & TPP.
A recent Goldman Sachs junior banker explains everything you need to know about Wall Street ht…
Martin:endorsed by Rep Henry Paulson former chairman of Goldman Sachs, SoT GWB, organizer of 2008 Wall Street bailout.
If only we could do the same for those funding Hillary's campaign (Wall Street, Walmart, Monsanto, Goldman Sachs)
Nike is poised to win at the summer Olympic Games in Rio this August, according to Goldman Sachs, acting as judge representing Wall Street.…
The CEO of Goldman Sachs accidentally explained why everyone hates Wall Street
Yea you maybe right not truthful about Wall Street, screwed Carson, etc. Goldman Sachs for example wife's employer..
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Clinton's Wall Street funders will put the kibosh on any talk of a Warren vice presidency quicker than you can say "Goldman Sachs."
Goldman Sachs is one of the biggest startup backers on Wall Street
Execs from Goldman Sachs, Morgan Stanley, and other top Wall Street firms share their...
The head of Goldman Sachs didn’t give Bernie $225,000 for a speech. He said Bernie would be dangerous for Wall Street. A…
Goldman Sachs banker Tim Leissner, who had ties to Malaysia's 1MDB, leaves Wall Street bank via
Hillary got $675,000 for 3 speeches from Goldman Sachs--oh & she promises to stick it to those Wall Street fat cats https…
Morally bankrupt Hillary "Goldman Sachs" "Witch of Wall Street" Clinton unleashes her dogs to attack
Goldman Sachs and other Wall Street banks will not be represented in my administration.
One statistic perfectly encapsulates the impact of technology on Wall Street jobs
A recent Goldman Sachs intern reveals 5 tips for surviving your first stint on Wall Street
Cutthroat rivals JP Morgan, Goldman Sachs and Morgan Stanley team up on Wall Street -- Which to buy?
Wall Street articles from Bloomberg New Energy Finance and Goldman Sachs are predicting renewable e
Hillary Clinton's top donors include Goldman Sachs and Citigroup. She is a candidate for Wall Street.
A secure messaging platform targeting Wall Street, was started by Goldman Sachs. And that's a problem.
Paul Craig Roberts: Freedom, Where Are You? Not in America or Europe The European Central Bank (ECN) chief Mario Draghi, who is a former Goldman Sachs executive, is running the printing press to print 720 Billion euros to make the stock-owning One Percent more rich. War, War, War, that is all Washington wants. It enriches the military/security complex, the largest component of the US GNP and the largest contributor, along with Wall Street and the Israel Lobby, to US political campaigns. The writer of the article Dr. Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy during President Ronald Reagan and associate editor of the Wall Street Journal. He was columnist for Business Week. When Mario Draghi who runs the European Central Bank (ECB) announced that he was going to print 720 billion euros annually with which to purchase bad debts from the politically connected big banks, the euro sank and the stock market and Swiss franc shot up. As in the US, quantitative easing (QE) serve ...
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This is from:of the Bankers At the turn of the 20th century, a plan to slowly take over the government of the United States began to unfold. Many works have been written about the Nazi machine that instigated two world wars, though few have traced the footsteps of the foreign financiers and the actors we prefer to call “politicians.” A brief glance at shipping records, passenger manifests, and financial transactions on Wall Street indicates a pattern of deception which was masterminded by this same machine. The level of cooperation from government agencies and their elected officials was not only disgraceful, but blatantly treasonous. In his book, “The Creature From Jekyll Island,” [1] author G. Edward Griffin described the secret meetings which created the Federal Reserve in 1913. The architect of the plan, Paul M. Warburg, was a representative of the Rothschild banks in England and France and his brother Felix headed the Warburg banks in Germany and the Netherlands. Of significance is the fact t ...
Nearly 3 decades of experience in management and leadership positions. Under his management his teams have achieved exemplary results, including revenue enhancement, profitability and client retention. He has held management positions in Wall Street elite institutions such as Goldman Sachs, Morgan Stanley/Dean Witter, Bank of America/Merrill Lynch, Oppenheimer, and the New York Stock Exchange (NYSE). Proven communicator, fostering relations and opportunities with key stakeholders including C-level management, teams, vendors, 3rd-party agents, and clients, consistently achieving and exceeding revenue and margin goals. Involved in 100s of NYSE IPOs, secondaries, and other offerings, including opening of $10B secondary for Bank of America. Secured legacy by directing buybacks in Visa, IBM, Time-Warner, Bank of America, and 25 other major repurchase programs valued at $500MM+. Facilitated introduction of Principals to funding venues, from equity lines, stock loans, convertible debt conversion, and private equ ...
Did Hillary and Bill get roughly $100 million from Goldman Sachs and Wall Street? No wonder Wall Street has soared under Obama.
[tbs 정오뉴스] ▶(Report) Global Oil Prices Plunge To Record Lows Again U.S. markets are reeling from the shock of another sharp decline in oil prices with major indices down more than eight-tenths of a percent at the end of Monday's trading session. The US benchmark West Texas Intermediate for February plunged to 45 dollars and 90 cents a barrel after an influential Wall Street Bank cut its forecast. Goldman Sachs believes the price of oil could tumble to as low as 42 dollars a barrel. Despite free-falling crude prices, both the traditional oil producers, such as OPEC countries and new ones like America's shale oil fields are still pumping more oil than the global economy can absorb And it's this trend that Goldman Sachs believes will keep oil prices low and possibly falling further in the months ahead. As for Korea, a new business poll suggests that cheaper oil and gas has boosted the confidence of local consumer industries. According to a survey of 500 manufacturers by the Korea Chamber of Commerc ...
Blame the selling on Goldman Sachs. The Wall Street firm pushed the market lower thanks to a bearish call on oil. Shares trying to recover another big drop in crude. Our January stocks doing very well considering the market is down over 1% this month. If we get some positive momentum we could really take-off...
Fact alert re. Mario Draghi: Rolling Stone journalist Matt Taibbi wrote colorfully of it: The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent Financial Crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who’s Who of Goldman Sachs graduates. Goldman has spawned an unusual number of EU and US officials with dictatorial power to promote and protect big-bank interests. They include US Treasury Secretary Robert Rubin, who brokered the repeal of the Glass-Steagall Act in 1999 and passage of the Commodity Futures Modernization Act in 2000; Treasury Secretary Henry Paulson, who presided over the 2008 Wall Street bailout; Mario Draghi, current head of the European Central Bank; Mario Monti, who led . ...
Bedfellows Time for an obscure historical analogy. Alexander Kerensky headed the moderate social democratic government in between the Russian Revolutions of February and October in 1917. According to Trotsky and others, Kerensky spent the October Revolution hiding under his bed. This allowed the Bolsheviks under Lenin to essentially ignore the sitting government and its political parties on their march to power. When Hillary Clinton chose to hide under her bed (either that or she was holed up in the basement at Goldman Sachs) during the Capitol Hill battle over giveaways to Wall Street, she pulled a Kerensky. She is now irrelevant to U.S. politics.
International bankers and their Big Wall Street banks operate on the "Shylock model".. What’s the worst thing that could happen to Goldman Sachs, JP Morgan, Rockefeller, and Rothschild who manage the Shylock Model? If any sovereign country – Argentina, Greece, Spain, Brazil, Italy – were to turn around and say: “Hey! How much did you say I owed you? 200 billion? No sweat! Come pick up your check Monday morning…” If that ever happened, bankers would be confronted with two very serious problems: Problem One (a Technical Hitch): Where would they find another group of ‘sheeple’ to impose unnecessary – even fictitious – 200 billion dollar debts at usury interest? Problem Two (a Political Hitch): They would lose control over Greece, or Argentina, or Spain, or Ireland,or Italy just when they had them right under their thumb, controlling their resources and governments; running the show because if any government were to do something “stupid” like being Sovereign, then all the bankers neede ...
Energy shares was largely being blame for dragging down Wall Street slightly lower on Monday as crude prices fell further.WTI Nymex fell below $80 again, while Brent fell below $85, after Goldman Sachs slashed its price forecasts, citing abundant supply and lackluster demand. The markets have
Matt Taibbi was the scourge of Wall Street who called Goldman Sachs a ‘vampire squid’. Here, he argues that the failure to jail crooked bankers has its flipside – a war on the poor
I just signed a petition to The United States House of Representatives and The United States Senate: I support Senator Elizabeth Warren’s call for Congress to hold oversight hearings into the New York Federal Reserve Bank’s deferential relationship with Goldman Sachs and other Wall Street banks.
So a former employee of the Goldman Sachs blows the whistle on Wall Street, Elizabeth Warren is leading the charge for a full Congressionally supported investigation of the Federal Reserve and Reuters isn't reporting on any of it? Time to delete that app.
Tapes pull back curtain on Goldman Sachs A former government employee says federal regulators are pushed around by their Wall Street subjects - and she has the secret recordings to prove it.
Explosive new secret recordings of Federal Reserve regulators in bed with Goldman Sachs has Senator Elizabeth Warren irate and demanding a federal probe into this close, and special, Wall Street/...
How a bank examiner strove to impose regulations on an institution allegedly expert at skirting them: Goldman Sachs
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Michael Lewis: The secret Goldman Sachs tapes revealed on are Wall Street’s “Ray Rice video.”
Hillary-The-Hawk Flies Again POSTED AUGUST 15, 2014 By Ralph Nader “Hillary works for Goldman Sachs and likes war, otherwise I like Hillary,” a former Bill Clinton aide told me sardonically. First, he was referring to her cushy relationships with top Wall Street barons and her $200,000 speeches with the criminal enterprise known as Goldman Sachs, which played a part in crashing the U.S. economy in 2008 and burdening taxpayers with costly bailouts. Second, he was calling attention to her war hawkish foreign policy. Last week, Hillary-The-Hawk emerged, once again, with comments to The Atlantic attacking Obama for being weak and not having an organized foreign policy. She was calling Obama weak despite his heavy hand in droning, bombing and intervening during his Presidency. While Obama is often wrong, he is hardly a pacifist commander. It’s a small wonder that since 2008, Hillary-The-Hawk has been generally described as, in the words of the New York Times journalist Mark Landler, “more hawkish than ...
Walmart, the largest employer in the world if you don't count the Chinese military, is on its way out according to Wall Street analysts, who see the same thing for fellow big box retailer Target. The prediction comes from a research note published by Goldman Sachs analysts. According to the publishe…
Goldman Sachs today reversed a trend on Wall Street of profit and revenue declines, posting not only larger than expected earnings in the second quarter, but actual growth compared to last year.
heard about it but didn't look into it until now. ex Goldman Sachs with 'deep ties to Wall Street' sounds good to me lol
From Data counters~ ~~~ Wall Street closes higher; indexes post losses for week The Dow Jones Industrial Average rose 28.74 points or 0.17 percent, to end at 16,943.81. The S&P 500 gained 2.89 points or 0.15 percent, to 1,967.57. The Nasdaq Composite added 19.29 points or 0.44 percent, to 4,415.49- Summary as fellows ~~ US stocks managed to score modest gains on Friday, but the S&P 500 posted its biggest weekly drop since April as investors showed only mild enthusiasm after getting their first glimpses of earnings. Shares of Wells Fargo & Co., which fell 0.6 percent to USD 51.49, were in the spotlight as the biggest US mortgage lender was the first major US bank to report earnings. Wells Fargo's results will be followed next week by earnings from Citigroup, Goldman Sachs, JPMorgan Chase and Bank of America. Next week's flurry of earnings will include reports from Google and Intel. "This market is predicated on economic data, but above all else, it's on what companies are telling us. We need to hear from c ...
Occupying the NEED Act   Posted on December 12, 2013 by Nick Egnatz   More than 5 years into the economic crisis created by Wall Street, recovery is nothing but a meaningless word, mouthed by politicians. Yet just two years ago a bill was placed before the last Congress: the National Emergency Employment Defense Act (the NEED Act) Ignored by politicians and corporate media alike, the NEED Act would:Pay every American a Citizen’s Dividend that could easily be $10,000 for every man woman and child in the country.Thus giving small businesses what they need: customers with debt-free money to purchase their goods and services.Pay off the national debt, as it comes due, without deficit spending.Create 7–10 million new jobs repairing the nation’s crumbling infrastructure.Provide debt-free funds to beleaguered state governments. Indiana’s would initially be about $1.5 billion per year.Provide interest-free, loans to local governments for schools, libraries etc., replacing the present system of financi ...
A revealing and detailed audit of “Clinton Inc.,” which has raised more than $1 Billion from U.S. firms and executives since Bill and Hillary Clinton left the White House in 2001, shows that Wall Street giant Goldman Sachs has been the biggest contributor at nearly $5 million -- and even office spac…
Money and finance documentary on Goldman Sachs: Power and Peril. ne of the most powerful firms on Wall Street. It goes behind the scenes and explores its his...
Hillary a puppet of Wall Street - just like her $400,000 "speaking fee" last year from Goldman Sachs. Can't shake that image.
Thank the assiduous brilliance of Reuters' star columnist Felix Salmon for tearing away the phony artifice of the coziness between Wall Street regulators and Wall Street. In today's offering Salmon blew me away with his exclusive discovery that the SEC secretly promised Goldman Sachs NOT to prosecut…
Wall Street soars after manufacturing data, Dow up 100 points . . . . . . . . . . . . Wall Street kicked-off the second half of the year on a higher note with the S&P 500 on track for another all-time high and the Dow Jones Industrial Average within throwing distance of 17,000 again. Stocks gained support from Chinese manufacturing expansion and as a U.S. manufacturing index showed the highest level of new orders since December. Manufacturing activity expanded at a slower rate in June but was still near the highest since the end of last year. New orders rose to the highest level since the end of 2013, according to a report by the Institute of Supply Management (ISM). Markit’s final reading of U.S. manufacturing purchasing managers’ index for June came in at 57.3, slightly down from the 57.5 flash reading. Spending for U.S. construction projects rose 0.1% in May to a seasonally adjusted annual rate of $956.1 billion, the U.S. Commerce Department reported Tuesday. Economists polled by Bloomberg had expe ...
Another 10-cent gas price hike virtually overnight this week, and we all look at the news and wonder why. It has to be the Middle East, Libya, BP, ANWR, SUV drivers, Republicans or Democrats. It is frankly none of the above, at least mostly. It is Wall Street. If you want to know how a price bubble like this one happens, just look back 3 years ago. Investigative reporter Matt Taibbi explains what happened. “That summer, as the presidential campaign heated up, the accepted explanation for why gasoline had hit $4.11 a gallon was that there was a problem with the world oil supply,” Taibbi says. “But it was all a lie. The global short-term flow of oil has actually been increasing. In the six months before prices spiked, the world oil supply rose from 85.2 million barrels a day to 85.72 million. Over the same period, world oil demand dropped. Not only was the short-term supply of oil rising, the demand for it was falling — which, in classic economic terms, should have brought prices at the pump down. . ...
The future of Wall Street? taps Morgan Stanley, Goldman Sachs and other banks to work on an IPO via
"There is mounting evidence linking excessive speculation on oil to the high pump prices for gasoline. Exxon Mobil, Goldman Sachs, the International Monetary Fund, the St. Louis Federal Reserve, the American Trucking Association, Delta Airlines, the Petroleum Marketers Association of America, the New England Fuel Institute, the Consumer Federation of America and others have blamed excessive oil speculation for significant increases in oil and gas prices. Goldman Sachs, perhaps the largest speculator on Wall Street, has acknowledged that excessive oil speculation costs Americans at least 56 cents a gallon at the pump." Want to read more into this, but appreciate the move by Bernie Sanders. If so many relevant organizations are crying foul, I think some sort of intervention is necessary. Invoking a regulatory agency to step in seems reasonable - what are some market forces that would bring prices down from the speculation-fueled increases?
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A former Goldman Sachs trader has filed an arbitration complaint against the Wall Street giant because his multi-million bonus wasn't big enough.
- they took it all - why are we still silent?! "The writer and Wall Street veteran examines the genealogy of American power, about which she writes in her latest text, All the Presidents’ Bankers. Nomi Prins left a 10-year career on Wall Street—with posts at Goldman Sachs, Bear Stearns in London and Lehman Brothers—to write about politics, money and relationships."
Jana Partners' Rosenstein Despite working in finance for 30 years and amassing a princely fortune, Barry Rosenstein has always been an outsider on Wall Street. After graduating from Lehigh University and Wharton in the early 1980s, he had a hard time getting a job, ending up as an associate in the investment-banking unit at Merrill Lynch, which at the time didn't have the same cachet as Salomon Brothers, Morgan Stanley, or Goldman Sachs. Even at Merrill, the Bruce Springsteen fan from West Orange, N.J., didn't feel like he belonged: A supervisor told him he'd have to stop wearing ventless suits, because that "was not Merrill Lynch's style" -- which was more Brooks Brothers. Special Report: Hedge Funds Jana's Favorites Equity Came Roaring Back Table: Top 100 Hedge Funds It wasn't just a matter of fashion. Rosenstein was drawn to the aggressive, high stakes world of corporate raiders then making headlines. He got a job interview with Asher Edelman -- whose firm was becoming famous for launching hostile take ...
How? Oh that's simple. With the truth. George Bush Jr., *** Cheney, John Cornyn and his GOP pals, conspired with Big Oil, Wall Street and corporate media to deceive the American people in order to enrich their own pockets. They lied about WMD's to terrorize and instill fear in the American people and gin up support for an unnecessary war they would profit from, both politically and financially. Sadly, because of their treachery, these young Americans did not die for freedom or America. They died in vain for Exxon, BP, JP Morgan Chase, Goldman Sachs and Halliburtons bottom line and the ultra luxurious tax free lifestyle of their executives. The people in this conflict are not asking for our help and never wanted us there in the first place. So in order not to make a bad situation any worse, we are going to stay away and let these people work out their problems on their own. The truth is always simple.
Net worth of $200 million means you're "dead broke". Remember when I chuckled about a New Yorker writer referring to her as “Lunch-Pail Hillary,” suggesting she will run a populist campaign that is “critical of the Wall Street types”? Apparently she really intends to do this. A woman with a net worth of $200 million, who gives speeches to Goldman Sachs for $200,000 each, is perhaps the single least plausible populist of all time. She may attempt to pose as this reform-minded outsider who will shake up “The System,” when she is perhaps the personification of “The System.” You can count on one hand the number of people who have had more influence over public policy than her since January 1993. But she’s going to try it, because she is apparently incapable of perceiving herself as she is. Because massive wealth is seen as suspicious or inherently corrupting in today’s political culture, particularly in Democratic circles, she has to pretend she’s Middle Class, that her personal finance ...
Yes, Hillary Clinton is deeply in bed with Wall Street, Goldman Sachs, and the Koch brothers. Don't fall for the 2 party illusion! There ARE other options, it's time to rally around them!!!
It might appear that the US-of-A has gone bonkers. So let me clear up any confusion that you might have: Yes, it has! Yet, it hasn’t. More on that in a moment. First, though — whether looking at the “Tea Party” congress critters who’ve swerved our nation’s political debate to the hard right, or at the peacocks of Wall Street who continue to preen and profit atop the wreckage they've made of our real economy — it’s plain to see that America is suffering a pestilence of nuts and narcissists in high places. These “leaders” are *** bent to enthrone themselves and their ilk as the potentates of our economic, governmental and social systems, and they are aggressively trying to snuff out the light of egalitarianism that historically has been our society’s unifying force. Bill Moyers, America’s most public-spirited journalist, summarized the state of our nation in these terms: “The delusion is no longer marginal. It has come in from the fringe to sit at the seat of power.” Symptoms of ...
The bankers on Wall Street might have just given you the keys to completing the perfect bracket. A detailed analysis by international investing heavyweight Goldman Sachs has projected host nation Braz
“Water is the oil of the 21st century.” Andrew Liveris, CEO of DOW Chemical Company (quoted in The Economist magazine, August 21, 2008) A disturbing trend in the water sector is accelerating worldwide. The new “water barons” — the Wall Street banks and elitist multi-billionaires — are buying up water all over the world at unprecedented pace. Familiar mega-banks and investing powerhouses such as Goldman Sachs, JP Morgan Chase, Citigroup, UBS, Deutsche Bank, Credit Suisse, Macquarie Bank, Barclays Bank, the Blackstone Group, Allianz, and HSBC Bank, among others, are consolidating their control over water. Wealthy tycoons such as T. Boone Pickens, former President George H.W. Bush and his family, Hong Kong’s Li Ka-shing, Philippines’ Manuel V. Pangilinan and other Filipino billionaires, and others are also buying thousands of acres of land with aquifers, lakes, water rights, water utilities, and shares in water engineering and technology companies all over the world. The second disturbing tre ...
WHEN YOU ARE SCARED TO MAKE A MAJOR CHANGE IN YOUR LIFE Here's what I thought my options were: kill myself. Lie to a bank and take their money. Move to another country and hide. Leave my family. Or just disappear and die. I couldn't see any other options. I didn't trust myself. I didn't think I was good enough. I had unhealthy addictions. And I was depressed. I had nightmares in the rare moments I slept. So I couldn't trust myself to take a risk. I can't even imagine what it would be like to give up a guaranteed tens of millions of dollars of future income to become a student chef with no guaranteed hope for any future at all. The other day I spoke with Judy Joo, who went from being a high-paid Wall Street analyst to a low-paid chef. I got right to the heart of the matter: "Are you making more money now?" She didn't want to answer but I pushed. "No," she said, "Not even close." She was a bond analyst at Morgan Stanley and Goldman Sachs working sixty hour weeks. Now she still works 60 hour weeks. Only now ...
BECOME A MAN IF . What does it mean to be a man today? and NetNet’s John Carney have attempted to break down the chief rules that every man should live by. As you’d expect from Goldman Sachs, there’s a distinct Wall Street/white collar vibe to many of these pearls of wisdom — you should always tip more than you need to, for example, and your sunglasses need to be incredibly expensive. Some of the advice also seems to have come straight out of the 1960s-set TV show Mad Men (“When in doubt, always kiss the girl”, “Hookers aren’t cool, but remember, the free ones are a lot more expensive.”) We’ve also omitted some of the more overtly US-centric tips such as the best “rest rooms” in New York. Nevertheless, there are still a few interesting nuggets below that are probably worth adopting into your lifestyle. I’ll definitely be taking up fly-fishing this summer. The Unofficial Goldman Sachs guide to being a man: Stop talking about where you went to college. Always carry cash. Keep some ...
Thanks to a very limited audit of the Federal Reserve that Congress approved a while back, we learned that the Fed made trillions of dollars in secret bailout loans to the big Wall Street banks during the last Financial Crisis. They even secretly loaned out hundreds of billions of dollars to foreign banks. According to the results of the limited Fed audit mentioned above, a total of $16.1 trillion in secret loans were made by the Federal Reserve between December 1, 2007 and July 21, 2010. The following is a list of loan recipients that was taken directly from page 131 of the audit report. Citigroup - $2.513 trillion Morgan Stanley - $2.041 trillion Merrill Lynch - $1.949 trillion Bank of America - $1.344 trillion Barclays PLC - $868 billion Bear Sterns - $853 billion Goldman Sachs - $814 billion Royal Bank of Scotland - $541 billion JP Morgan Chase - $391 billion Deutsche Bank - $354 billion UBS - $287 billion Credit Suisse - $262 billion Lehman Brothers - $183 billion Bank of Scotland - $181 billion BNP ...
Occupy Goldman Sachs Many people ascribe all the fault for the economic collapse to the US government--not to Wall Street. This is a lie. Crimes were commited by bankers who have the system rigged. Read here to find out more on how they perpetrated--and profited by--their crimes. Get mad and stop listening to "little people" make excuses for grave injustices by powerful forces.
We will be among the biggest beneficiaries of reform,” Goldman Sachs CEO Lloyd Blankfein said of the 2010 Dodd-Frank financial regulation bill, which was supposed to be a broadside to Wall Street. Today, we get a hint how Goldman benefits: Regulations crowd out competitors, giving Goldman a bigger s…
A Wall Street executive who helped Goldman Sachs make more than a billion dollars betting against mortgages now wants to buy up troubled home loans.
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Catherine Austin Fitts... Dunwalke was the name of Clarence Dillon's estate in the hunt country of New Jersey. Dillon built Dunwalke during his years on Wall Street as the head of Dillon, Read & Co. Inc. When Dillon died in 1979, the Dunwalke mansion and 125 of the original 1,200 acres were bequeathed to Princeton University. In the summer of 2001, Princeton sold Dunwalke for $18 million to the co-President of Goldman Sachs.
As the president harangues Wall Street to clean up its house, all the president's Goldman Sachs men have their feet on the coffee table at his.
Don't you people see the pattern?!??! Hillary Clinton is bought and paid for by Wall Street!!! Her top donors are jp Morgan, Goldman Sachs Lehman Brothers and other Wall Street banks and firms! If she's elected Wall Street will just screw things up more and then get even MORE bailouts. WAKE UP YOU ***
General Electric received over $3 billion in federal tax refunds from 2008 to 2012, while making more than $27 billion in profits. What’s worse? They did it mostly by shifting profits offshore and out of our country. Now other huge companies on Wall Street like Goldman Sachs and Citigroup are sending lobbyists to Washington, by the dozens -- to ensure their interests are protected. Every dollar in taxes that they dodge through offshore schemes is a dollar we don't have for our country. And the rest of us have to pay the difference -- or watch as services like education and Health Care get cut.
Goldman Sachs is no longer the King of the Wall Street jungle. $GS
It's amazing! Three of the strongest progressive champions in Congress -- Reps. Raul Grijalva, Keith Ellison and Alan Grayson -- have joined our campaign to tell the Federal Reserve to stop greedy and reckless banks like Goldman Sachs. Read the e-mail below to see why these three congressmen have mailed aluminum cans to the Federal Reserve as part of this campaign, and why you should join them. - Matt Lockshin, CREDO Action P.S.When you're ready for instructions on sending you can, click here. Stop the banks. Send a can. Goldman Sachs and other the Wall Street banks that were responsible for blowing up our economy have now found a new way to fleece us and put our entire economy at risk. Under the not-so-watchful eye of the Federal Reserve Bank, these banks have gotten involved in the production and distribution of physical commodities. The banks’ involvement in these commercial commodities enterprises has created new risks these already reckless “too big to fail” banks can’t manage. And that doesn ...
A Leading Banker Indicts The 6 Giant Banks, US Industry In Annual Shareholder Letter Robert Lenzner March 22, 2014 It’s not often you read in a glossy annual report about the “impact on our industry in terms of lost integrity and damaged reputation” caused by the unscrupulous, devil-may-care activities of the “Big Six” U.S. bank holding companies, such as J.P. Morgan Chase, Goldman Sachs, Citigroup, Bank of America, Morgan Stanley and Wells Fargo. These banks have paid $82 billion in fines, sanctions and legal actions in 7 different countries over the past 10 years. My gut reaction was that $8 billion a year by 6 giant banks in 7 different nations was small change for banks that can make as much as $25 billion in a good year and pay their CEO a special bonus of $20 million for steering it through the shoals of the prosecutors. I was waiting for Robert Wilmers, Chairman of the $1 billion bank, M&T in Buffalo, to call for a multiplication table to use against the Big Six, who did $42.6 billion in ...
"Why is Goldman Sachs, the most powerful bank on Wall Street, US chief investor abroad, why are they putting so much money behind Obama?? Because the families that run america, have been eyeing Obama for the last four years.. They see something in him that would allow them to take white supremacy to a whole new level..".. __Dr. Umar Johnson
As a piece of history, you would have to take Martin Scorsese’s latest epic, The Wolf of Wall Street with a grain of salt. Jordan Belfort, the mega-rich stock broker played by Leonardo Di Caprio who got busted by the FBI, was an exception to what actually happened. In reality, Belfort sold penny dreadful stocks so basically he was ripping off working class people who couldn’t afford blue chip investments. The FBI and the US Department of Justice never prosecuted the real crooks at investment banks and broking firms like Goldman Sachs and JP Morgan who made their money selling to the 1 per cent and who helped cause the global Financial Crisis. But let’s leave that aside – if you ignore history, it’s a great depiction of the near-insane proclivities of the super-rich, with their sense of entitlement that underpins the near-insane culture of Wall Street. Belfort spent a fortune on drugs, sex, and other self-indulgences and Di Caprio gives us an exuberant, hyper-energized riot. It’s a three hour . ...
Please read the latest from Untold History columnist Kevin Kelly: Bankster Justice - A Tale of Two Countries Americans were incensed when Congress handed Wall Street a blank check after the 2008 Financial Crisis. Despite their rampant fraud and their holding the economy hostage, which resulted in thousands of Americans being evicted from their homes, not a single CEO, hedge fund manager, or banker was prosecuted. One of most egregious example of known fraud was perpetrated by the Investment Banking firm Goldman Sachs. Unbelievably, the only individual found liable for committing fraud at Goldman Sachs, Fabrice Tourre, was recently offered a teaching position at the University of Chicago. Only upon massive public outcry was the University’s offer to Tourre rescinded. How can it be that such a disconnect exists between the public’s idea of justice and the penalties actually realized by the perpetrators of the financial scandal? It is worth noting that in direct contrast to our own seeming inability or u ...
Hi Everyone, For those of you in Gabelli that are interested in a career in Investment Banking, please be advised that the 'Fordham Investment Banking Society' will be launched very shortly. We are looking to hold the First Meeting on March 27th, which is the week after Spring Break. The location and time are TBD, but I will let everyone know who is interested via e-mail once that is established. The purpose of this organization is to increase Fordham's Investment Banking placement on Wall Street each year. Unfortunately, Fordham lacks with placement towards front-office positions at the world's largest banks, however, our goal is to correct this using our first-hand knowledge of the recruiting process and the industry as a whole. FIBS will educate everyone on the recruiting process and technical aspects of the industry, as well as prepare you for interviews and networking techniques. Professor McCann is also onboard, and he will provide his industry knowledge through his years at Goldman Sachs, J.P. Morg ...
Investment Manager week starts today. This week, we will be meeting with top Investment Management Companies like BlackRock, Goldman Sachs, Columbia and Alliance Bernstein. With their resources they give us the most up-to-date info on how we can best serve our clients with regards to their investments. Do you have a question you would like to ask the brightest minds on Wall Street? Leave a comment below and check back in for the answers.
The names have changed but the modern-day lords of finance do their forebearers proud. Presidents continue to surround themselves with top Wall Street insiders. Some could argue that Goldman Sachs executives best understand our financial system and are a logical choice to advise these presidents and influence Federal Reserve policy. What is also clear is that these same bankers have deliberately maneuvered themselves into close proximity of the Fed and the Federal government in order to influence and benefit from its policies. Since the Fed’s creation in 1913, the top bankers have consistently maintained close relationships with the Fed.
"By the middle of 2009, Barack Obama was no longer listening. He had already picked an economic team from among the Wall Street protégés of the Goldman Sachs executive and former economic adviser to the Clinton administration, Robert Rubin. . Obama’s (administration) has turned out to be the most secretive administration since that of Richard Nixon; and in its discouragement of press freedom by the prosecution of whistleblowers, it has surpassed all of its predecessors combined.
Occupy Los Angeles OWS shared Occupy Goldman Sachs's photo. It is an injustice in its own right to allow those with power and wealth to commit destructive crimes with impunity. It subverts democracy and warps the justice system when a person's treatment under the law is determined not by their acts but by their power, position, and prestige. And it exposes just how shameful is the American penal state by contrasting the immunity given to the nation's most powerful with the merciless and brutal punishment meted out to its most marginalized. The real mystery from all of this is that it has not led to greater social unrest. To some extent, both the early version of the Tea Party and the Occupy movements were spurred by the government's protection of Wall Street at the expense of everyone else. Read more: Goldman Sachs
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Terrence my nephew and godson, we are so proud of you. You were so focused at such a young age. Now you are 27 years old and making things happen in the Big Apple NYC. So you moved on from being Senior Analyst at Goldman Sachs on Wall Street, to Analyst Manager at American Express! The Best is Yet To Come!
Morgan Stanley commods revenue fell 38 pct in 2013; Goldman flat Commodity revenues fell nearly 40 percent at Morgan Stanley and remained flat at Goldman Sachs Group Inc last year, according to filings from the two biggest Wall Street commodities players that face a changing regulatory landscape. Morgan Stanley's commodity net revenues decreased by 38 percent from 2012, a second straight annual drop, in what the bank described in its annual report to Securities and Exchange Commission (SEC) as "challenging market-making conditions." Commodities net revenues fell 20 percent in 2012 over 2011. The dwindling revenues follow tighter restrictions on banks trading with their own money and heightened public scrutiny of their role in the natural resources supply chain. Goldman Sachs said its commodity net revenues for 2013 were "essentially unchanged" from 2012. The bank had said in 2012 it saw "significantly lower" revenues over 2011. The bank reported $902 million in revenues from market-making activities in co ...
Monsanto and Wall Street...Goldman Sachs.the banks.Don't just march against Monsanto... March against the government corruption that allows evil corporations like it to dictate public policy.
Goldman Sachs, the Wall Street investment bank, is being sued in London for selling Libya “worthless” derivatives trades in 2008 that the country’s financial managers did not understand. Libya says it lost approximately $1.2 billion on the deals, while Goldman made $350 million. At the time, the ...
is Behind Regime Change? “Revolution Business” NGO Supported by Wall Street and US Intelligence Exposed: Globally Renowned Activist Collaborated with Intelligence Firm Stratfor Serbia’s Srdja Popovic is known by many as a leading architect of regime changes in Eastern Europe and elsewhere since the late-1990s, and as one of the co-founders of Otpor!, the U.S.-funded Serbian activist group which overthrew Slobodan Milošević in 2000. Lesser known, an exclusive Occupy.com investigation reveals that Popovic and the Otpor! offshoot CANVAS (Centre for Applied Nonviolent Action and Strategies) have also maintained close ties with a Goldman Sachs executive and the private intelligence firm Stratfor (Strategic Forecasting, Inc.), as well as the U.S. government. Popovic’s wife also worked at Stratfor for a year. These revelations come in the aftermath of thousands of new emails released by Wikileaks’ “Global Intelligence Files.” The emails reveal Popovic worked closely with Stratfor, an Austin, Texa ...
WHISTLEBLOWERS of the Global BANK$TERS who Made Off with America (summary) It is now obvious that the banksters made off with not only America's wealth but the majority of the rest of the world's as well. What if the whole global financial system was a lie, a Ponzi Scheme? What if Wall Street was just a front for the global intelligence community with the help of a small group of elites? Most banks that foreclosed on homes did not even have the mortgage notes in their possession and therefore had no legal standing to foreclose. By June 2011 the Derivatives cancer had grown to 700 TRILLION dollars! Karen Hudes talks about the place and power of the World Bank, the Vatican and the Jesuits in the Geopolitical chessboard. Karen worked in the legal department of the World Bank from 1986-2007. During this time she began to blow the whistle on the endemic corruption she witnessed. This honourable action led to her termination and mistreatment. She explains the place of the World Bank in the World economy and the ...
Nikkei rises as market shrugs off poor US data; Yahoo, Mixi soar * Long-term investors want to be long - trader * Nikkei options seen settled at 14,536.09 - traders * Yahoo Japan jumps on inclusion in Goldman's conviction buy list * Kirin tumbles to 1-year low on weaker-than-expected profit forecast Japan's Nikkei share average rose on Friday morning, tracking gains on Wall Street as investors shrugged off weak U.S. data and stayed optimistic over the long-term economic outlook. Among notable movers, Yahoo Japan Corp jumped 4.1 percent to a three-week high of 615 yen after Goldman Sachs added the stock to its "conviction buy" list and raised its target price to 750 yen from 650 yen, citing strength in its e-commerce business and the company's recent results showing steady growth. Social networking services provider Mixi Inc soared 19 percent to a 2-1/2-week high after it raised its annual outlook to an operating profit of 200 million yen from a loss of 1.6 billion yen due to strong smartphone gaming traff ...
Wall St's grandfathers of commodities to survive Fed revamp better than others: Reuters As the U.S. Federal Reserve considers new ways of reining in banks' trading in what it sees as risky physical commodity markets, Wall Street's two oldest and biggest players may ultimately gain in stature. Thanks to a longstanding legal exemption that Fed officials say limits their regulatory capacity, Morgan Stanley and Goldman Sachs may yet emerge from the regulatory upheaval that is upending banks' commodities trading better-off than their peers, who face potentially tougher new rules. Although Morgan Stanley is selling its large physical oil trading desk and Goldman has said it may be open to selling its metals warehousing unit, which it was alleged to have used to inflate metal costs, they show little sign of pulling back from other big physical markets such as power, natural gas and metals. Their determination to stick with vast parts of the business may irritate rivals, such as Bank of America Corp's Merrill Lyn ...
Swiss Finance Academy: Now accepting student applications for its Summer 2014 International Wall Street Training Program in Verbier designed to help college undergraduate students, graduate students, as well as recent graduates secure the best possible job opportunities in Investment Banking and related fields. Thanks to our rigorous training, our alumni regularly receive offers from Goldman Sachs, Morgan Stanley, Citigroup, Deutsche Bank, and Bank of America Merrill Lynch, to name a few. Wall Street firms recognize that our participants excel on the job. We would appreciate if you could inform your students about this unique Investment Banking training opportunity by forwarding this email to your students, finance and economics majors and minors, and any relevant finance and business clubs, if appropriate. Training Program: As you may be aware, our training is globally reputed to give our students a tremendous competitive advantage, as well as skills necessary to excel on Wall Street. Besides classroom i ...
We saw "Wolf Of Wall Street" last night. Wow! Director Martin Scorsese is a master. The movie was disturbing but we were laughing through the whole thing. Leonardo DiCaprio was amazing as usual ... watching him crawl to his Ferrari smashed on "ludes" was masterful. Hard to watch but hilarious at the same time. It really isn't a movie about Wall Street. It's a movie about a hustler who started his own maverick operation on the periphery of the Financial Sector. The real movie will be about Goldman Sachs, Chase and the lot. What they are doing makes Jordan Belfort look like a boy scout on coke. This really is a contender for Best Movie. Although I can't understand how "The Butler" didn't get nominated for anything!
In the banking world, they’re considered the masters of the universe, the members of the most exclusive club on Wall Street. But for all the trappings, being a partner at Goldman Sachs may no longer be as lucrative for some, while the spots in the club may be shrinking.   Last month, some of Goldman’s elite partners, the highest executives at the banking, securities and investment management firm, took as much as a 30% cut to their bonuses. Sources tell Quartz that not all Goldman partners saw cuts in their bonuses; the pay cuts were in specific areas in which the bank performed poorly such as certain areas of fixed-income trading, while the pay for some others was up to roughly flat from the year prior.   A Goldman spokesman declined to comment.   Goldman has been cutting costs since posting lackluster results last year. Year-over-year profits at the first were down by 13%, and overall compensation was down about 3% compared to a year ago.   The pay reductions still leave partners as some ...
Currency Market Unsettled by Trader Exits on Lawsky Probe Feb 5, 2014 By Greg Farrell and Ambereen Choudhury The foreign-exchange trading business was in upheaval across Wall Street as senior executives resigned and others were fired amid an expanding probe of possible currency manipulation. Benjamin Lawsky, superintendent of New York’s Department of Financial Services, asked more than a dozen firms including Deutsche Bank AG (DB), Goldman Sachs Group Inc. (GS) and Citigroup Inc. (C) for documents on their currency-trading practices, said a person with knowledge of the matter. Deutsche Bank, the top foreign-exchange trader, fired four dealers after an internal probe, people with knowledge of the move said. Goldman Sachs lost two partners while Citigroup said its foreign-exchange chief will leave in March. ...
Compassion is for the weak.only the strong survive.it's the law of nature.and we must be strong in this jewish system. Look who's running the show.all jews... Bill Ackman, CEO of Pershing Square Capital Management Michael Bloomberg, founder and CEO of Bloomberg L.P. Lloyd C. Blankfein, Chairman and CEO of Goldman Sachs... Andrew Fastow, former CFO of Enron Laurence D. Fink, Chairman and CEO of BlackRock Marcus Goldman, co-founder of Goldman Sachs investment ban economic consulting firm; former Federal Reserve Chairman/// Ronald Perelman, American billionaire investor[9] Marc Rich, Oil trading. Robert Rubin, former Treasury Secretary, director of National Economic Council, and Chairman of Citigroup Samuel Sachs, co-founder of Goldman Sachs investment bank Jacob H. Schiff, Wall Street banker, leader of Kuhn, Loeb & Co.[13] George Soros, Wall Street investor and foreign currency speculator[4] Michael Steinhardt, Wall Street hedge fund manager[4] Paul Warburg, Chairman of Bank of the Manhattan Company (predec ...
Well the Puppet in charge is making his State of Disunion speech tonight and spewing more verbal diarrhea than we've seen on display in quite some time. Well god bless Goldman Sachs' America. "Forget the politicians. Look, the politicians are put there to give you the idea that you have freedom of choice and you don't. You have no choice. You have OWNERS. They OWN YOU. They OWN EVERYTHING. They own all the important land. They own and control the corporations. They've long since bought and paid for the Senate, the Congress, the statehouses, the city halls. They've got the judges in their back pockets. And they own all the big media companies so they control just about all the news and information you get to hear. They've got you by the balls. They spend billions of dollars every year, lobbying, lobbying to get what they want. Well, we all know what they want. They want more for themselves and less for everybody else. But I'll tell you what they don't want. They don't want a population of citizens capable ...
My blog post : How video is making it on Wall Street. How a 1869 institution is embracing Video. Goldman Sachs |
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you cannot put the potus in the same category as the Wall Street gamblers of Goldman Sachs
Goldman Sachs beat Wall Street estimates for the fourth quarter.
Goldman Sachs revealed fourth-quarter profits of $4.60 a share on revenues of $8.78 billion, widely beating Wall Street's expectations of $4.22 a share on revenues of $7.71 billion. The investment bank's shares edged up in pre-market action. For more news, please go to FoxBusiness.com and
Record highs on Wall Street overnight pushed Asian share markets higher, propping up European markets early Thursday. Respectable earnings from Bank of America and decent US economic data warmed investors after last Friday’s damp jobs report. US markets fell sharply in the wake of the jobs report but since have turned around following encouraging data out of the retail and business sectors. Overnight in Asia, Japanese machine orders rose a healthy 9.3% in November – indicating that PM Abe’s push to Japanese companies to invest in expansion may be paying off. Closer to home, the risk tone is stable but market participants are hesitant with some big profile data and earnings out for today and Friday whilst also chewing over today’s host of European earnings. UK retailers taking the spotlight again with Home Retail, Dixons and Halfords, all actually reported strong Xmas sales numbers; Home Retail, the owner of Argos and Homebase saw strong performance by both businesses and noted that digital sales a ...
Goldman Sachs is the baddest bank on Wall Street, but everybody has down days.
Merrill Lynch Deals With The Elephant In The Room, And Why You Should Care A few weeks ago, a fun little article came out from Investment News titled, “Merrill Grapples With The Elephant In The Room” Let’s be clear, this article could have been written on any big Wall Street firm (think UBS, Morgan Stanley, Goldman Sachs, Wells Fargo, Edward Jones, etc.) as they are almost identical in what they do. But here is the reason I’m bringing it to your attention. Apparently, these big Wall Street firms are just now realizing that financial planning for a family is more than just setting up their investment allocation. These big firms are just now coming to the conclusion that your circumstances might actually be unique and different than others, and maybe, just maybe, they should ask you about that because maybe, just maybe, your financial planning should take that into account. Obviously, those of us in the retirement planning business have been aware of these issues for decades now and we have conver . ...
Wall Street critics need a new villain. Goldman Sachs has implemented a successful charm offensive since lawmakers hauled Chief Executive Lloyd Blankfein up to Capitol Hill and regulators extracted a $550 million settlement from the bank a few years ago. The case against JPMorgan boss Jamie Dimon is struggling to take hold. Steve Cohen, the hedge fund Wizard of Oz, is nursing legal wounds. The culture of greed in finance won’t disappoint for long, though www.golency.com
I loathe Wall Street and Goldman Sachs. So does Mississippi. But who cares?
Occupy Goldman Sachs On the morning of Oct. 6, 2008 congress sat down to start figuring out who dropped the ball in regards to the financial crises. "Effective indictments and prosecutions for fraud" were typical of the comments. Read this old ABC news link to see how obvious the fingerprints were on the first day of solving the biggest crime of the 21st century. Wall Street, the Fed, impotent oversight by the FBI, etc. What do you think 2014 will bring in terms of prosecutions for financial crimes? Justice or junket?
When Wall Streeters try and sweep away the atrocities of their industry they inevitably point to banks' charitable donations. Look, Goldman Sachs has given away $1.6 billion since 2006! Of course, Goldman had profits of $1.52 billion in just the third quarter of 2013 alone, and that was considered "...
Jamie Dimon and Goldman Sachs had difficult years, but for some on Wall Street 2013 was a year to remember.
On 30 November 2013, National Review bannered "Hillary Clinton's Lucrative Goldman Sachs Speaking Gigs," and reported that, "Hillary Clinton spoke at two separate Goldman Sachs events on the evenings of Thursday, October 24 and Tuesday October 29. ... Clinton's fee is about $200,000 per speech. ... Clinton also made visits to private-equity firms KKR in July, and the Carlyle Group in September." Ben White and Maggie Haberman issued a major story in Politico Magazine on 11 December 2013, "Lament of the Plutocrats," which described the sour attitude of Wall Street's titans toward almost all of the Democratic Party, and toward the social conservatives who voted in the Republican Party's primaries. These elite men found Barack Obama to be insufficiently deferential toward them in private, and even critical of them in public. They were especially outraged at his having slammed "fat cat bankers" in a 13 December 2009 "60 Minutes" interview with CBS' Steve Kroft. This public statement turned thes ...
Hillary Clinton was paid $400,000 for a pair of talks before Goldman Sachs and friends, in which blasted critics of Wall Street as "unproductive and foolish."
"Volcker contends the rule aims to curb conflicts of interest between bankers and their customers. He suggests that former investment companies like Goldman Sachs and Morgan Stanley, which sought banking licenses during the economic crisis in order to access federal protection against failing, should now turn in those licenses if they want to do speculative trading. “You shouldn’t run a financial system on the expectation of government support. We’re supposed to be a free enterprise system,” Volcker tells Moyers. “The problem of course is once they get rescued, does that lead to the conclusion they’ll get rescued in the future?” - from the post below Bill Moyers & Co. - good stuff on how Wall Street and their lobbyists are still trying to be "unreformed" at our expense.
There's a mountain of blame to go around for the unveiling of the 867 page Volcker Rule on trading by Wall Street investment banks and commercial banks. I blame President Obama, Treasury Secretary Jacob Leu, five regulatory agencies, the lobbyists for Goldman Sachs, JP Morgan Chase for allowing a ru...
It was announced yesterday that Tim Geithner, President Obama's first Treasury Secretary, will become president of Warburg Pincus, a private-equity firm. Before joining the Obama administration, Geithner had been president of the New York Fed, and before that worked for Bob Rubin in the Clinton Treasury Department. (Rubin, co-chairman of Goldman Sachs before becoming Treasury Secretary, advised Clinton to repeal Glass-Steagall and nixed the regulation of derivatives. After leaving the administration Rubin became chairman of Citigroup's executive committee, and was there when Wall Street nearly melted down in 2008; he is now a counselor at investment bank Centerview Partners LLC.) Geithner's move to Wall Street follows Peter Orszag, Obama's first director of the Office of Management and the Budget, also a Rubin protégée, who is now vice chairman of Citigroup's corporate and Investment Banking group. I don't begrudge those public servants who, after leaving office, take high-paying jobs in the private sec ...
Are Cash Sales Creating a Dangerous Mirage? DSnews.com 12/02/2013 By: Krista Franks Brock Home prices and home sales have been rising over the past few years, pointing to a recovery in the housing market, but RealtyTrac warns that what we are seeing may not be a true recovery but instead a mirage created by investors—a dangerous mirage that could lead to trouble in the years to come. Cash purchases made up nearly half of home sales across the nation in September, according to RealtyTrac’s data. A Goldman Sachs study puts the number at 57 percent. “All-cash is driving up home sales nationwide, which looks good on paper,” RealtyTrac said in its most recent Foreclosure News Report. Cash buyers tend to fall into one of four categories: institutional investors, “Rich People,” retirees, and foreign buyers, according to RealtyTrac. The National Association of Realtors recently reported investors are making up 35 percent of cash deals, and retirees are making up another 12 percent. “The outsized pre ...
One of the things Obamacare purports to do is control Health Care costs; ostensibly by slowing the rise of Health Care costs. This does NOT mean that healthcare will cost less than it does now, only that the rate at which costs rise are forecast to slow relative to the time before Obamcare, and much of the burden of paying these rising costs will be transferred from the elderly, sick, and previously uninsured to the young, healthy and inexpensively insured directly via higher cost insurance premiums and/or higher federal taxes and debt. STOP. Prior to Obamacare many of our nation's BEST & BRIGHTEST went into medicine. They invested hundreds of thousands of dollars in their education and training and still profited handsomely in the long run commensurate with their intelligence, education, skills and abilities. No more. Currently, many of our nation's BEST & BRIGHTEST avoid medicine, especially Family Practice medicine, and go instead into Finance -- working for Goldman Sachs, et al on Wall Street, or ...
How Wall Street is Bleeding Detroit Dry Report finds worker and retiree pensions are not the culprit - Sarah Lazare, staff writer Detroit's emergency manager Kevyn Orr has testified in court over the city's filing for bankruptcy (Photo: Rebecca Cook/Reuters) Shady Wall Street dealings and massive corporate subsidies are responsible for Detroit's financial nosedive, not worker and retiree pensions, a report published Wednesday reveals. Released by Wallace Turbeville, a former Goldman Sachs investment banker who now works for the think tank Demos, the study takes aim at Detroit emergency manager Kevyn Orr's claims that workers and retirees are to blame for Detroit's shortfall. “To say the pension fund killed the city, it’s like if you were stabbed, strangled and blown up, did you die from the strangling?” Turbeville said, according to The Huffington Post. “That’s why I find this whole thing illogical, except for the fact somebody didn’t like pensions." Turbeville singles out Detroit's risky fina ...
Diary of a Rogue Economist November 21, 2013 How I Explained Bitcoin to My 94-Year-Old Mother by Bill Bonner, Chairman, Bonner & Partners Bill Bonner Delray Beach, Florida Thursday, 21 November 2013 The Dow fell yesterday. Gold too. But at least Tim Geithner has found a job. Now, he can give up the food stamps… and get off the unemployment rolls. The cronies are taking back one of their own. He’s back on Wall Street – at private equity firm Warburg Pincus. “When they approached me, they clearly wanted me to play a substantial role in running the company,” Geithner told the Wall Street Journal. What does Geithner know about private equity? Nothing. But sometimes WHO you know is more important than WHAT you know. It won’t hurt Warburg Pincus that its new managing director knows his way around Washington. And it didn’t hurt the suits on Wall Street, when the bad debt hit the fan in 2008, that they had their man Tim in the Department of the Treasury. The record shows that Goldman Sachs boss Lloy ...
And the worst CEO of the big Wall Street firms is. Jamie Dimon, Brian Moynihan ? Nope. MarketWatch's David Weidner looked at the last four quarters of big U.S. bank results and ranked the companies by price to earnings, return on equity, price to book and the CEO’s compensation (using their 2012 packages) as a percentage of net income. He gave the pay-to-profit category double the weight. He also gave extra weight to the three-year stock price (through Nov. 12) performance. The data came from Capital IQ and the company profiles on WSJ.com. Scoring was simple: If you ranked high, you got five points. Last, one. For the weighted categories he doubled the points. Here's what he found: John Stumpf, Wells Fargo - ROE 5, Price /Book - 5, P/E 2, Pay/Net 10, Stock - 10 = 32 Jamie Dimon, JPMorgan Chase - ROE 3, Price /Book - 3, P/E 3, Pay/Net 8, Stock - 8 = 25 Lloyd Blankfein, Goldman Sachs - ROE 4, Price /Book - 4, P/E 1, Pay/Net 6, Stock - 2 = 17 Brian Moynihan, Bank of America - ROE 1, Price /Book - 1, P/E 5, ...
Obama has left other dilemmas for liberals. He was the largest recipient of Goldman Sachs and BP money in history. His financial team — notably Peter Orszag, who left the administration for Citigroup, and Jack Lew, who came to the administration from Citigroup — are proverbial revolving-door Wall Street fat cats who, in the parlance of Occupy Wall Street and Elizabeth Warren, did not really build their own wealth. It will be hard to take seriously any future liberal critique of a Republican cozying up to Wall Street. In other areas, hypocrisy gives way to incoherence. Obama seems to oppose fracking and horizontal drilling on public lands, but he cites private development as proof that his administration has done more to promote U.S. fossil-fuel production than any other in history. In terms of the deficit, forced sequestration is damned as reckless and yet becomes the basis for bragging about reductions in the deficit. The Middle Class? In terms of disposable income, jobs, and per capita net worth, th ...
Moody’s cuts ratings of three big US banks Published: Thursday, 14 Nov 2013 | 8:19 PM ET Moody’s has cut the credit ratings of big U.S. banks including Morgan Stanley, Goldman Sachs and JPMorgan Chase, after deciding that the federal government is less likely to bail the financial institutions out if they get into future difficulties. Goldman, Morgan Stanley and JPMorgan had the ratings on their long-term senior unsecured debt lowered one notch to Baa1, Baa2 and A3, respectively, Moody’s said on Thursday. The credit ratings on the three banks’ subordinated debt were also cut by one notch. The review by the second-largest rating agency, in terms of market share, follows a similar statement from rival Standard & Poor’s in June, and comes as governments attempt to avoid a repeat of the bailouts of the credit crisis era. James Gorman, Morgan Stanley Chairman and CEO says the bank undertook regulatory changes even before the Volcker Rule came along. Wall Street reforms under the Dodd-Frank Act forbid ...
Shrinking pay at Goldman Sachs shows Wall Street poised for bonus gloom
Wall Street - it can pay to be *** - Goldman Sachs can cut pay dramatically and maintain staff when times are tough because it pays so well in good times, Chief Executive Lloyd Blankfein said on Tuesday.
Wall Street including Goldman Sachs and Soros backed. Any one who believes Wall St isn't crooked is naive
Hillary’s Odyssey From Senator Clinton’s tergiversations on Iraq to Secretary Clinton’s lies on Benghazi By Victor Davis Hanson November 4, 2013 National Review Online Hillary Clinton is no doubt a talented speaker. She recently went into what the left wing sees as the heart of darkness of the American 1 percent at Goldman Sachs, purportedly gave two brief chats, and walked away with a reported $400,000 in fees. Such compensation is almost as profitable as Hillary’s long-ago cattle-future trading, in which as a talented rookie speculator she beat one-in-several-million odds by parlaying an original $1,000 investment into a $100,000 profit. That Goldman’s shenanigans were central to the 2008 housing and financial meltdown — and were empowered, in part, by Bill Clinton’s own prior twofer of deregulating Wall Street and appointing to Freddie Mac and Fannie Mae greedy, though liberal, incompetents of the likes of James Johnson, Franklin Raines, and Jamie Gorelick — apparently meant nothing to ...
Former Secretary of State Hillary Clinton made headlines recently when it was reported that Goldman Sachs – the quintessential illustration of the politically influential Wall Street bank — paid her an estimated $400,000 for two speeches. One of the speeches, according to National Review Online, was...
Clinton came in, he brought in one of the big players on Wall Street, Robert Rubin who has been head of Goldman Sachs.
Ted Cruz's wife is a VP at Goldman Sachs...he might talk like a Tea Partier but Wall Street is his real home, not Main Street
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News Flash. Top Wall Street executives get some of the best health coverage on the planet. Cruz's wife, Heidi Nelson Cruz, is a regional head of a Goldman Sachs division. According to a 2009 New York Times report, top executive officers and managing directors at the bank participate in a Health Care program that costs Goldman more than $40,000 in premiums for each particpant’s family annually. I guess Ted Cruz doesn't need Obamacare.
Very true I deal with markets and Wall Street the game is rigged Goldman Sachs, Hank Paulson, The Fed and Bernanke.
Had a fabulous last day in NYC. Walked down Wall Street to the East river, saw some tall sailing ships at the maritime museum, then had diim dum for lunch in China Town with Craig Woods, walked althrough the financial district to the west side to Battery Park City and saw a beautiful at installation at Goldman Sachs and a moving 911 memorial at the AMX Center. The n saw the Irish Hunger Memorial memorializing the millions of people who died in the Irish potato famine and those who continue to suffer from hunger and poverty around the world today. After that we took the Staten island ferry past the Statue Of Liberty and took some great photos. Then we took the subway to Grand Central Station where we tried out the whisper arch, went to the main terminal and watched hundreds of people rushing to the myriad of destinations, then we went to the dining concourse and had the tastiest Jamaican goat curry for dinner. Next we took a train over to 5th Avenue to see the Empire State Building lit up like the It ...
LaRouche: Behind The Shutdown & Debt Ceiling Swindle Wall St. Orders Obama To Kill Glass-Steagall Wall Street had demanded that President Barack Obama stop the reinstatement of Glass Steagall at all costs and instead move ahead with more bailouts and bail-in looting of the American people to preserve their thoroughly bankrupt system. The Wall Street policy means an acceleration of crippling hyperinflation, devastating austerity and, ultimately, mass murder of the nation's most vulnerable citizens. Several highly qualified Washington sources have confirmed that this was the ultimatum delivered by the Wall Street delegation that met privately with Obama on Wednesday afternoon Oct. 2 at the White House. The delegation was organized by the Financial Services Forum, a coalition of the nation's 19 biggest banks and insurance companies, and included Jamie Dimon, CEO of JPMorgan Chase; Lloyd Blankfein, CEO of Goldman Sachs; Brian Moynihan, CEO of Bank of America; Michael Corbat, CEO of Citibank; and Anshu Jain, C ...
Goldman Sachs CEO Lloyd Blankfein and Bank of America CEO Brian Moynihan warned President Obama of the economic consequences if gridlock continues in Washington. WASHINGTON (CNNMoney) More than a dozen Wall Street bank chiefs warned President Obama at the White House that the financial system would suffer if the shutdown and debt limit aren't resolved. "We shouldn't use the threat of causing the U.S. to fail on its obligations to repay its debt as a cudgel," said Lloyd Blankfein of Goldman Sachs (GS, Fortune 500) after the meeting. Congress has been unable to come to a deal to fund the federal government, which shut down Tuesday. Even more pressing to bank chiefs and investors, Congress has until Oct. 17 before the Treasury exceeds its borrowing capacity, which means the U.S. will no longer be able to pay all its bills in full. On the second day of the federal shutdown, Blankfein and other bank CEOs said they told the president they agree the long-term consequences of a shutdown would grow "extremely adve ...
CRUZ STAYS AT CENTER OF FIERY SHOWDOWN By Gary Martin, San Antonio Express News October 1st, 2013 WASHINGTON -- Republican Sen. Ted Cruz of Texas remained squarely in the center of a fiscal firestorm as Congress battled over a budget bill late Monday before the government was shut down. Critics brought up the issue of Cruz's own health insurance on the Senate floor. According to multiple reports, his insurance policy is through the employer of his wife, Heidi. She is a Goldman Sachs executive. Democrats quickly seized on the fact that Wall Street firms have some of the most generous Health Care plans for their executives, plans that are not available to most Americans. Cruz sought to sidestep the criticism and instead blamed Senate Democratic leader harry Reid for failing to consider House-passes resolutions to keep the government open by defunding or delaying the Affordable Care Act. For the remainder of the story see the Express News or the Houston Chronicle.
Investment Banking September 30, 2013, An Ex-Trader, Now a Sociologist, Looks at the Changes in Goldman By PETER LATTMAN There once was a time, before JPMorgan Chase’s woes dominated headlines, when Goldman Sachs was the symbol for Wall Street’s dark side. Its depiction as a bloodsucking “vampire squid” in a Rolling Stone article captured the public’s imagination. And “Why I Am Leaving Goldman Sachs,” a damning resignation letter published as an opinion article in The New York Times, also touched a nerve. Amid the vitriol, Goldman has had plenty of defenders. They argue that the bank performed far better than its peers during the crisis and continues to be a profit-making machine. It still lands the biggest, most prestigious banking assignments, has unparalleled risk management and remains the bank of choice for top recruits. So which is it? Steven G. Mandis, a Ph.D. candidate in sociology at Columbia University, takes a measured, academic approach to the question in a new book, “What H .. ...
Warren Buffett collects $2B on investment in Goldman Sachs.yeah, the ones that were "too big to fail".he didn't get any inside information on that one though, right? He is a genious.you know what it takes to be a genious in Wall Street? It takes insider information like the kind he got through his father.then it takes $30B and more insider information to get even more richer off the backs of the American public.Buffett, Soros, Gates.all billions richer under Obama.meanwhile, the rich look for ways to ensure that our ability to defend ourselves and to live under the constitution are taken away.and they will become Oil Company richer when Obamacare is implemented because they have the leverage to invest in the pre-ordained winners in healthcare.because of their contacts with Congress.our Congress has been bought and paid for a long time now.this is no different than the monarchy in France before their revolution.jmo of course.
One of the right-wings attack points against Obama is receiving contributions (like every other candidate) from Goldman Sachs, and yet Ted Cruz's wife is a big shot in the firm of Goldman Sachs and nothing is said about that heavy duty connection to a Wall Street. Tired of their hypocrisy and their hate. ALL Obstructionist OUT in 2014!
People saying that Raghuram Rajan is a 'Wall Street agent' little do they know that 3 years before the advent of the global Financial Crisis Raghuram predicted it in his book 'Fault Lines' that how the lending of easy home loans by Wall Street behemoths like Goldman Sachs is going to affect at large the American economy, and thereby, the world economy.
It's time to get very very serious about stopping the Trans-Pacific Parternship Agreement...NAFTA on Steroids. What is TPP? The Trans-Pacific Partnership would create a super-treaty which would jeopardize the sovereignty of the nations involved by giving that power to large corporations like Wal-Mart, Monsanto, Goldman Sachs, Pfizer, Halliburton, Philip Morris, GE, GM, Apple. There are currently 11 nations involved: U.S., New Zealand, Australia, Brunei, Chile, Malaysia, Peru, Singapore, Vietnam, Mexico and Canada. Japan has shown interest. The economic power of this group is more than 40% larger than the 27- nation European Union. TPP will offshore millions of good-paying jobs to low-wage nations, undercutting working conditions globally and increasing unemployment. TPP will expand pharmaceutical monopoly protections and institute longer patents that will decrease access to affordable medications TPP will limit food GMO labeling and allow the import of goods that do not meet US safe standards. TPP will i ...
Colonel Gaddafi knew that political unity must be grounded in economic unity. He was the main force behind the founding of the African Union (AU), and pressed for a single African currency and an African Central Bank. These plans would take colossal amounts of money - even more than Libya’s oil revenues were taking in. The only place to get that kind of money fast was to enter the shark pit itself – Wall Street – and the Libyan Investment Authority (LIA) starting doing business with the most vicious shark of them all – Goldman Sachs. At first, Libya suffered tremendous losses, but then, as Professor Campbell puts it, Libya went for the jugular. The whole of the Wall Street Ponzi Scheme rests on the Petrodollar, and the laundering of Petrodollars through the “dark markets” of Dubai. Professor Campbell writes: “After December 2010, the Central Bank of Libya took a controlling position in Arab Banking Corporation, based in Bahrain. The Arab Banking Corporation was owned by the Kuwait Investment ...
Final time, I am posting this today. This is dedicated to all my fellow Occupiers..years ago...Two years ago one of the most important days to happen in the "Post 9/11 world" and in my short existence occurred. A crowd of about 1000 persons, from all different walks of life, representing a diverse coalition of philosophies, united together, to focus their collective outrage toward the seat of unregulated avarice and opulence, Wall Street. A few years prior to September 17th 2011, the roof caved in on Middle Class America, when the housing market crashed in 2008. Ponzi Schemes were being exposed, Bear Sterns and Lehman Brothers both collapsed under the weight of their own folly. Fannie & Freddie were revealed as fraudulent. Goldman Sachs came away a winner as they made a bearish bet on the housing market bubble burst, and the American Insurance Group (AIG) five years to the date on September 17th 2008 received an 80 billion dollar bailout on the tax payers dime. Just when enough was thought to be enough, T ...
Moody’s could reduce the ratings of Wall Street giants like Goldman Sachs, Morgan Stanley and JPMorgan Chase as much as two grades.
Eliz Warren wants to take this Goldman Sachs aluminum story and run right over Wall Street with it
Softball Rampage Has A Wide Selection of Products.
Did you know that the most bankcrupt economies in Europe are Ireland, Iceland,Spain and Greece. This happened largely due to the collapsed half a decade ago of giant investment houses in the Wall Street in the US most notorious of them all Lehman Brothers, Goldman Sach etc. that brought the global Financial Crisis on Ocotober 2007 which validated the statement that when the US economy fell sick the rest of the world catches pneumonia unfortunately the hardest hit were in those of Europe.
WARNING: (but you should still read this)The National Security Agency is likely recording and storing this communication as part of its unlawful spying programs on all Americans … and people worldwide. The people who created the NSA spying program say that this communication – and any responses – can and will be used against the American people at any time in the future should folks in government decide to go after us for political reasons. And private information in digital communications may be given to big companies by the government. "We are lied to, misled, misinformed, and inundated with falsehoods and propaganda on a daily basis by our leaders. The proof that we live in a plutocracy dominated by two corrupt political parties (with 250 millionaires in Congress), six Wall Street banks (JP Morgan, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, Morgan Stanley), six mass media companies (Comcast, Google, Walt Disney, News Corp., Time Warner, Viacom), seven arm dealers (Lockheed Martin, Bo ...
The Shocking Truth About Wall Street Stock Recommendations It is difficult to get a man to understand something, when his salary depends on his not understanding it. -- Upton Sinclair When Apple announced its second-quarter earnings on April 23, a flurry of news reports cited Wall Street analyst forecasts to help explain the company's results. This is how the bottom lines of companies and stocks are ordinarily explained to the public. An analyst from Goldman Sachs (NYSE: GS ) noted that the March quarter was better than expected, but the June quarter guidance was "far worse than feared." He ultimately lowered his price target to $500 from $575, while maintaining a "buy" recommendation on the stock. An analyst from JPMorgan (NYSE: JPM ) also lowered his target price, in this case to $480 from $575, and advised he expected "AAPL to remain range-bound" until there was more visibility into new product launches. More bullishly, the analyst from Piper Jaffray felt Apple might trade higher in late 2013, and ma . ...
Two more World Wars WW3 and WWW4 What Will the Bilderbergers Decide on Iran? On June 3-6, 2010 the luxurious Dolce Resort in Sitges, Spain will host the next annual meeting of the Bilderberg Group-an unofficial, invitation-only conference of around 130 guests, representing the backstage global elites – most influential figures in international politics, banking, business, the military and media – the sponsors, patrons and manipulators of dozens of presidents and prime-ministers worldwide. The sessions will be held behind closed doors, as ever. Any capable analyst can easily predict what will be the main topic of the discussion. The outcome of the economic crisis, so smartly played by the ‘dedicated’ circle within Wall Street, is hardly achieving its goals. Despite further concentration of capital under control of few private groups like JP Morgan Chase, Goldman Sachs and Citigroup, the economies and monetary systems of the key international players beyond their reach – China and Russia – survi ...
Jewish thievery is wrong wheather its on Wall Street, Goldman Sachs, JP Morgan, Wells Fargo, BofAmerica banksters or the US Congress, Amen!
Change under Obama? Not so much. Remember the 2008 Financial Crisis? He said right before elected “A lack of oversight on Wall Street & in Washington is exactly what got us into this mess” He went on to choose: Timothy Geitner- Treasury Secretary. President of the Federal Reserve during our Financial Crisis. Key person in Goldman Sachs getting dollar for every dollar for its bets against mortgages. Mark Patterson- Chief of Staff US Treasury Dept. He was a former lobbyist for Goldman Sachs. Lewis Sachs –Former Senior Treasury Adviser under Obama. Overseer of Tricadia one of the most aggressive firms behind CDO’s. Gary Gensler-Commodities Futures Trading Commission. Former Goldman Sachs executive. Helped ban the regulation of derivatives. Mary Schapiro- Securities and Exchange Commission. Former CEO FINRA, Investment Bankings self-run monitoring agency. Rahm Emanuel- former Chief of Staff under Obama. Served on the board of Freddie Mac. Martin Feldstein- Member of Obama’s Economic Recove ...
Who needs Republicans when Wall Street has the Democrats? With the help of congressional Democrats, the Street is rolling back financial reforms enacted after its near meltdown. According to the New York Times, a bill that’s already moved through the House Financial Services Committee, allowing more of the very kind of derivatives trading (bets on bets) that got the Street into trouble, was drafted by Citigroup -- whose recommended language was copied nearly word for word in 70 lines of the 85-line bill. Rep. Sean Patrick Maloney, Democrat of New York, a major benefactor of the Street, co-sponsored it. Most of the Democrats on the Committee, who also receive generous donations from the big banks, voted for it. Rep. Jim Himes, another supporter of the bill and a former banker at Goldman Sachs, is now leads the Democrat’s fund-raising effort in the House. Bob Rubin – co-chair of Goldman before he joined the Clinton White House, and chair of Citigroup’s management committee after he left it – is st ...
WASHINGTON — The push for mass coal exports from Washington state, already facing a huge environmental battle, also could get hit with slowing Chinese demand for coal shipments. The American coal industry, stung by a drop in U.S. demand, hopes to revive its fortunes by sending Rocky Mountain coal to Asia from proposed terminals near Bellingham and Longview, Wash. But a recent report by Wall Street colossus Goldman Sachs says this will be a transformational year for China, with its seaborne coal imports dropping for the first time since the global Financial Crisis of 2007 and 2008 and continuing to decline in the coming years. China’s own coal production has spiked, Goldman Sachs said, along with investment in Chinese railroads to move its coal. China, with its cities shrouded in smog, also is trying to improve energy efficiency and diversify its fuel mix, including investments in nuclear energy and wind power, according to Goldman Sachs. Deutsche Bank also said in a report released this month that the ...
Permission to Splurge: Whole Foods Isn’t Just About Where You Buy Your Food; It’s About Who You Think You Are observer.com When Whole Foods co-CEO John Mackey’s book, Conscious Capitalism, came out in January, Claude Arpels and Winsome Brown hosted a book party for about 150 people at their gorgeous and expansive Tribeca apartment. It was a fitting venue. While America’s hard right continues to find new ways to make people hate big business and the overpaid Wall Street courtiers that serve it, the tastefully decorated digs screamed You Can Still Do Well Without Selling Your Soul to Goldman Sachs. Let’s set aside the fact that Mr. Arpels—the grandson of one of the founders of the famous French jeweler Van Cleef & Arpels—was born on third base. And that he and Ms. Brown (“an actress and writer”) think that posing in front of a wood-burning stove in one’s country house for the Times’s Home & Garden section is a convincing way to establish one’s environmentalist bona fides. They’re s ...
GANGSTER BANKERS This is the government admitting to being afraid to prosecute the very powerful – something it never did even in the heydays of Al Capone or Pablo Escobar, something it didn't do even with Richard Nixon. And when you admit that some people are too important to prosecute, it's just a few short steps to the obvious corollary – that everybody else is unimportant enough to jail. Our GOVERNMENT did not just bail out Wall Street, but also lied on the financial sector’s behalf, calling unhealthy banks healthy and helping banks cover up how much aid they were getting... ~ “It has been almost five years since the Financial Crisis, but the big banks are still too big to fail. That means they are subsidized by $83 BILLION a year by American taxpayers and are still not being held accountable for breaking the law.” --Elizabeth Warren (Sen. Bernie Sanders, economist Joseph Stiglitz and US citizens) ~ Bankers Dodge Taxes : Bank of America, Citigroup, JPMorgan Chase and Goldman Sachs take ta .. ...
sau một hồi đọc bài văn này Unit 11 BE 4 mà chẳng hiểu gì mấy. bài đọc khó hiểu quá Larry Page and Sergey Brin, the thirtyish founders of Google, are doing something so courageous that it has never been risked before, not even by the bold Silicon Valley iconoclasts who preceded them. Not by Microsoft's Bill Gates. Not by Netscape's Jim Clark. Not by Oracle's Larry Ellison. Not even by Apple's Steve Jobs. The Google guys are telling Wall Street to drop dead. For all their talk about reinventing the world, those entrepreneurs from an earlier era played the game of going public the way it had always been played. Before Google came along, when a company was ready to sell shares, it hired big Wall Street investment firms such as Goldman Sachs and Morgan Stanley. The firms offered the stock to their favorite customers at a big discount to what it would command on the open market. The privileged few were guaranteed quick profits, but the company received less money for its IPO than it h ...
Wall Street firms like Goldman Sachs, Morgan Stanley, and BlackRock Advisors that I’m sure would love nothing more than to see public money that goes to Medicare and Social Security privatized so they could get their cut. - Bill Maher.
Goldman exposed to $20bn loss in a crisis 08 March 2013 - 5:13 am Goldman Sachs would suffer a $20bn loss in a severe Financial Crisis, according to a Federal Reserve stress test that marks out the renowned Wall Street institution as one of the weakest in the industry and limits its ability to pay dividends. The Goldman result in the Fed’s annual measuring of 18 bank balance sheets against the scenario of a deep global recession and market shock was the biggest surprise of the exercise and a potential threat to the company’s ability to increase its dividend and share buyback. Using the stress test results, the Fed will officially announce whether banks will be allowed to return billions of dollars to shareholders next week, although it gave them a preliminary indication on Thursday. Institutions whose requested capital payout would leave them beneath the regulatory minimums in the stress test are allowed one chance to revise down the size of their capital return requests before that announcement. Gold ...
sec.gov An image from the SEC website itselfAt a talk at the New School last week, Greg Smith, former VP of Goldman Sachs in the UK noted that less than 1/3 of Dodd Frank Act rules have been implemented and that the Securities and Exchange Commission (SEC) has missed more than a 3/4 of its own deadlines. ‘"I would argue, today, casinos are better regulated than banks." ’ The below is an excerpt from "Occupy Movement Files Lawsuit Against Every Federal Regulator of Wall Street", by Pam Martens Occupy Wall Street’s brain trust, Occupy the SEC, just filed a Federal lawsuit that encapsulates the crony capitalist state that passes today for democracy. Occupy the SEC is suing every Federal regulator that resides in the pocket of Wall Street – which means they are suing every Federal regulator of Wall Street. And, spunky group that they are, they’re naming individuals too. Here’s the rundown: Ben Bernanke, Chairman of the Board of Governors of the Federal Reserve System, Martin Gruenberg, Chairman .. ...
If you're a visual learner and you would like a quick lesson about how badly the American people got SCREWED during the financial meltdown in 2008 by Wall Street and our government (AIG, Goldman Sachs, and the TARP bailout), please enjoy this beautiful animation from the credits of the Will Ferrel, Mark Wahlberg film The Other Guys. P.S. it's a funny film...
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POGO Sticks It to the SEC On Democracy February 15, 2013 In our last episode of that ongoing Washington soap opera, “As the Door Revolves,” we introduced you to former federal prosecutor Mary Jo White, pursuer of drug lords and terrorists, who left government to become a hot shot Wall Street lawyer defending such corporate giants as JPMorgan Chase, UBS, General Electric and Microsoft. Oh yes — and former Goldman Sachs board member Rajat Gupta, currently appealing his insider trading conviction. The New York Times reports that White and her husband, who’s also a corporate litigator, have a net worth of at least $16 million and investments that might be valued as high as $35 million. Now, courtesy of President Obama, Mary Jo White’s been named to head the SEC, the Securities and Exchange Commission — the very agency that regulates her clients and everyone else doing business in the stock market. But as they say on late night TV, wait — there’s more! Join us for our latest episode of “As th ...
So let's share some snapshots from the State of the Union. That’s Speaker of the House John Boehner, of course. He's led his party to protect Wall Street from oversight and accountability. The finance, insurance, and real estate industries gave him more than three million dollars last year. Eric Cantor is the Republican majority leader in the House. Among his biggest donors--Goldman Sachs, masterminds of the mortgage-backed securities that almost sank the world economy. Cantor’s also the third largest recipient of money from the National Rifle Association in the House, which is one reason he's such a "big gun" there. Senator Robert Menendez, Democrat of New Jersey, may be in hot water. He's currently under investigation for allegations that he improperly intervened with government agencies on behalf of a big donor. And there's Fred Upton, Republican from Michigan, chairman of the House Energy & Commerce Committee. What a coincidence. The oil and gas industry is one of his top donors, helping him raise ...
Does all this offer a clue as to why the US economy has failed to recover from the Wall Street debacle of 2008, why the federal bailout was a handout to super-rich criminals, and why Obama took actions which prevented a recovery? A closer look at Tim Geithner's circle of economic advisers reveals the chilling Trilateral effect: Paul Volker Alan Greenspan E. Gerald Corrigan (director, Goldman Sachs) Peter G Peterson (former CEO, Lehman Brothers, former chairman of the Council on Foreign Relations) These men are all Trilateral members. How many foxes in the hen house do we need, before we realize their Trilateral agenda is controlling the direction of our economy? The TC has no interest in building up the American economy. They want to torpedo it, as part of the end-game of creating a new international currency, ushering in a de facto Globalist management system for the whole planet. Any doubt on the question of TC goals is answered by David Rockefeller himself, the founder of the TC, in his Memoirs (2003): ...
And - here's the big one - earnings are tax-free at retirement. For most people, having tax-free retirement income is better than being able to make contributions with pre-tax dollars.. If confirmed by the Senate, White would take over the nfl jerseys cheap SEC from interim chairwoman Elisse Walter, who has served ever since former SEC chair Mary Schapiro resigned in December. During Shapiro's tenure, the SEC sued major Wall Street banks including JPMorgan Chase, Citibank, and Goldman Sachs, obtaining sizable settlements.      In the grand art of link building all links are NOT created equal. + PR(tn)/C(tn))Here is the original formula posted when PageRank was first implemented. I'm here to encourage the new class of young leaders gathered in Davos to think about ways cheap nfl jerseys they can help solve one of the most overlooked barriers to global economic growth: girls' and women's health. It's the reason the journalist and I missed our stop and had to jump from the train.      Eaton; and sister ...
In the latest example of Wall Street's influence in Washington, the Treasury Department approved tens of millions of dollars in bonuses for Goldman Sachs executives with ties to the Obama administration.
Lehman Brothers declared bankruptcy and the financial collapse of 2008 began. The economic meltdown wiped out more than $11bn of personal wealth in the US, threw millions out of work, and has already resulted in the foreclosure of more than 10 million homes. Americans believe that financial executives should have gone to jail their crimnal acts that led to the collapse, but there have been no prosecutions. People & Power investigates why Wall Street has not been prosecured and liable to pay back all the stolen money crimes connected to the deepest financial collapse since the Great Depression. But the Department did not prosecute executives from mortgage lenders and banks like Washington Mutual, Countrywide, Deutsche Bank and Goldman Sachs for fraudulent mortgages origination and securitisation criminal practices exercised by such companies. Chris Swecker, a former assistant FBI director in charge of the Criminal Investigative Division, thinks that the Justice Department has been "timid in approaching pro ...
Wall Street has found a new way to put shareholders second. While many banks are finally bowing to pressure to restrain compensation, Goldman Sachs and JPMorgan are now trying to stifle investors from voting on legitimate matters at their upcoming annual meetings. Goldman asked the Securities and Exchange Commission for permission to omit a proposal that would require it to appoint an independent chairman. JPMorgan, meanwhile, wants the regulator to let it remove from its proxy an initiative to have the board of directors explore “extraordinary transactions that could enhance stockholder value” - in other words, a breakup. Both suggestions are rational topics for debate. Calling for a bank to split the roles of chairman and chief executive is hardly a new concept. Last year, Goldman and Lloyd Blankfein, who holds both titles, negotiated their way out of putting the issue to shareholders by striking an agreement with aggrieved investors to revise slightly board oversight of executives. Meanwhile, share ...
re: Mary Jo White and her appointment to head the SEC by Obama, the office charged with policing Wall Street,a friend writes: 'Unfortunately, that article is a bit misleading about Mary Jo White. I won't even go into it all -- her "tough prosecutions" involved politically safe crap, like the Orwellian War on Terror. She currently works at one of the most financially successful litigation firms in the world, but look at her clients... Some of Debevoise's clients include: AIG, American Airlines, American Express, AXA, BNP Paribas, The Carlyle Group, Clayton, Dubilier & Rice, The Coca-Cola Company, CNN, Delta Air Lines, Deutsche Bank, Gap, Goldman Sachs, JPMorgan Chase, Kelso & Company, MetLife, National Football League, National Hockey League, NBC, The New York Times Company, Providence Equity Partners, Prudential Financial, Polyus Gold, Siemens, Shell Oil Company, SONY, Universal Music Group, Verizon, Yahoo!.'
Goldman CEO Lloyd Blankfein is back on top of the Wall Street heap. After five years of lagging his rival, JPMorgan Chase CEO Jamie Dimon, the Goldman Sachs head honcho is once again rolling in more...
Overseas Market Update: USA: A rebound for Apple buoyed the technology sector on Wednesday, while Wall Street adopted a generally wary stance in considering results from several banks including J.P. Morgan Chase and Goldman Sachs. Treasury prices advanced for a fourth day, erasing the quick selloff that characterized the beginning of the year and representing a more balanced approach among investors concerned about Monetary Policy and the political risks to the economic outlook. The euro extended a loss versus the dollar and remained under pressure versus the yen, a day after Luxembourg PM Juncker warned that the shared currency is “dangerously high.” Gold and platinum futures pulled back, giving back some of the gains seen in a strong prior-day session, while investment bank Goldman's said it’s betting on copper and palladium for 2013. Crudeoil futures traded higher, finding support after an industry group reported a smaller-than-expected increase in U.S. inventories for last week, but with the gov ...
American Logo January 22, 2012 Volume II,Issue # 35 _ The Lawyer Model and The Washington Fish Market The reason I don't buy into international financial conspiracy theories is not that it isn't possible, (and might be an improvement over the status quo in some instances), but that it doesn't make sense. From my limited observation over 60 years in and around the mocket, the financial giants (such as Goldman Sachs, Barclay's Bank, Credit Suisse, Lazard Freres and the fiscal agents for the Grey Nuns of Madawaska) are so busy trying to screw each other over that there's little time for them to conspire against the rest of us. Not that it doesn't happen from time to time. Take the last decade or so, devoted to the mortgage-backed securities game of volley ball on Wall Street. But conspiracies are secret or they're not conspiracies, and what confronts us daily is known to anybody with an I.Q. over 80: that the whole nation is being screwed over is a fact of life rather than something secretive. Particularly i ...
Business Deals: It's Bonus Week on Wall Street - A number of Goldman Sachs employees say they are optimistic about their year-end bonus; the mood at Morgan Stanley, however, is not quite as bright.
Hank Paulson (Repub, Goldman Sachs, W) didn't have a problem asking for $750B for his Wall Street buddies...
Why I Left Goldman Sachs: A Wall Street Story [Hardcover] by amazon.com A portrait, in Proustian detail, of a world and a mentality that is utterly alien, and should be infuriating, to most of us on Main Street. -- Mark Gongloff, Huffington PostA personal tale of one person caught up in a wave of greed, betrayal, and a complete disregard for the standards that had made Goldman Sachs the most trusted name on Wall Street.-- David Siegfried, Booklist[Greg Smith] did what we would all hope that our own banker would do: he spoke out publicly about something that was wrong.-- Hamilton Nolan, GawkerAn insider's take on Goldman Sachs strikes a nerve.it provides a rare inside look into a career path to which many aspire: from nothing to Wall Street affluence. It will also be read because of its characterisation of Goldman's integrity. Where once it profited from helping clients prosper, the bank shifted, Mr Smith contends, into an entity that profited from clients.-- The Economist...Smith has written a field guid ...
Gupta case: Goldman seeks reimbursement of $6.9mn legal fees New York: India-born fallen Wall Street titan Rajat Gupta should be ordered to reimburse to Goldman Sachs USD 6.90 million of legal fees incurred in his insider trading case, the investment bank has said, telling a court here that it is "entitled" to the amount. The US government has also written to the District Court in the Southern District of New York to grant Goldman's request to be reimbursed by its former director Gupta the amount it paid in legal fees and related costs in connection with the investigation of his insider trading case. In a motion filed in court, Goldman said it has been a "victim" of 64-year-old Gupta's criminal conduct and violation of his duties as the firm's director. "As a result of Gupta's conduct, Goldman Sachs has incurred nearly seven million dollars in external legal fees and costs in conducting an internal investigation, in responding to numerous government requests in parallel criminal and civil investigations a ...
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* Do Right Thing: walk the straight and narrow path, walk the way, know the way * For Liberal, Labor and Green *** in Australia; the GST is the VAT of the European Union, according to OECD and IMF to achieve regional economic integration. The doctrine is called HARMONISATION to merge the countries into a the imperial bloc. Looks like goody Internationalism if you don't think any further about it right? The connection to the Carbon Tax, global warming and Goldman Sachs? You know former Liberal candidate John Hewson? He's Trilateral Commissioner like Ross Garnaut and a current profiteer on the Carbon Tax trade. Both economic technocrats. Goldman Sachs is making an American Psycho killing in Climate and Forest Bonds. That's the value of trees and forests to Wall Street, raising bonds and derivatives on trees. The Socratic Question: "What's the value to the Bankstas?" - That's how you get Obama, the "US Dem" converging to a US VAT and Carbon Tax in the forms of Cap and Trade/ETS. Same taxation regime, moo ...
"Hurricane Sandy has exposed the horrifying inequities of American society. After one of the largest storms on record swept through New York City, Wall Street was up and running within days, and the power at Goldman Sachs remained on for the duration... While the Red Cross and FEMA have dragged their feet, the activists and ordinary people of Occupy have initiated a vast relief effort that includes countless volunteers. But unlike the massive relief agencies, "Occupy Sandy" does not have unlimited resources. Come to this fundraiser and hear some great music. All proceeds go to Occupy Sandy."
Goldman Sachs CEO Lloyd Blankfein came to Capitol Hill this week to call for cuts in Social Security, Medicare and Medicaid. As Congress and the White House are negotiating a year-end deficit deal, Blankfein sought to “lower people’s expectations” about their retirement and Health Care. He spoke with all the sympathy for someone struggling to get by on $14,000-a-year retirement that you’d expect from a Wall Street banker paid $16 million last year. “Think about the arrogance of these guys on Wall Street who were bailed out by the Middle Class of this country when their greed and recklessness nearly destroyed the financial system and now they come to Capitol Hill to lecture Congress and the American people about the need to cut programs for working families,” Sen. Bernie Sanders said in a Senate floor speech. BLANKFEIN FACTS: Lloyd Blankfein was paid $16.1 million in 2011, a 14 percent increase while earnings fell 47 percent » During the Financial Crisis, Goldman Sachs received a total of $814 ...
Another Excerpt from SS/Medicare- But It Won't Happen But in Washington policy circles, taxing Wall Street is off the agenda, cutting Social Security and Medicare is on the agenda. And, best of all, many of the people at the center of the housing crash are playing leading roles in this drive to cut retirees benefits. Last week, many people might have seen Lloyd Blankfein, the CEO of Goldman Sachs, talking about the need to cut Social Security benefits and raise the retirement age. The last time that Mr. Blankfein was very visible in policy debates he was desperately seeking a bailout for Goldman Sachs which was facing a Bank Run that pushed the company to the edge of bankruptcy.
"CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Contracts and Tax Breaks. Goldman Sachs chairman and CEO Lloyd Blankfein said Social Security "wasn't devised to be a system that supported you for a 30 year retirement after a 25-year career." The key to cutting Social Security, he said, was simply a matter of teaching people to expect less. Less than three years after receiving $10 billion in bailout money from American taxpayers, Goldman Sachs informed its employees recently that it will fire 1,000 workers in the United States and elsewhere, shifting their jobs to the cheaper Singaporean labor market." HuffPost Blankfein earned a total of $54.4 million in 2006 as one of the highest paid executives on Wall Street. His bonus reflected the performance of Goldman Sachs, which reported record net earnings of $9.5 billion. The compensation included a cash bonus of $27.3 million, with the rest paid in stock and options. While CEO of Goldman Sachs Group in 2007, Blankfein earned a ...
Goldman Sachs, Lehman, Merill, Wall Street, Barclays...even Warren Buffet made an appearance. You need to see the movie.
America is already the hardest working country in the western world, but for Wall Street fat cat Lloyd Blankfein, that's not enough. Blankfein, currently CEO of Goldman Sachs, told CBS News' Scott Pelley that he believes it's time to increase the retirement age: BLANKFEIN: You’re going to have to un...
Barack Obama raised $1 million out of this building in 2008, but is being spurned by its nabobs in 2012. It's Manhattan headquarters of Investment Banking and securities firm Goldman Sachs, angry at 2010 Wall Street reform legislation signed by Obama. They're giving heavily to Republicans this year. (Photo by Stan Honda/AFP/GettyImages) (AFP/Getty Images) The Boeing Co. was a big winner with the Air Force tanker contract, celebrated by Democratic Sens. Patty Murray and Maria Cantwell, and Rep. Norm *** Still, the Chicago-based aerospace giant has favored Republicans by a 58-42 percent margin in its political giving. The king of all corporate contributors is a union-loathing Las Vegas gambling mogul. Nos. 1 and 2 positions on the corporate giver list are held by the Las Vegas Sands Corp., of casino mogul Sheldon Adelson, and the Adelson Drug Clinic. The clinic is an addiction withdrawal center run by Adelson’s physician wife Miriam. Perry Homes is just behind. It is the home-building firm of Texas ...
Lloyd Blankfein — evidently taking a break from doing “god’s work” as the CEO of Wall Street behemoth Goldman Sachs — told CBS News’ Scott Pelley that he believes the retirement age needs to be raised
"Wall Street is helping fund groups like the Third Way that are pushing hard for us to give our Social Security Trust Fund – which has over two and a half trillion dollars in it – to Goldman Sachs and Citibank so they can take care of it for us. Doesn’t that make you feel all safe, and warm-and-fuzzy?"
Reposted - so true sadly: a letter from Michael Moore Monday, November 5th, 2012 Friends, Tomorrow, the bankers and corporate chiefs are planning an historic victory party. With the election of Mitt Romney, their takeover of American democracy would be complete. They thought they had accomplished that four years ago when they backed Barack Obama (he received more money from Wall Street than McCain; Goldman Sachs was his private contributor). And even though he never put a single one of them of any consequence in jail and never signed any bill that would truly stop their out-of-control greed; and even though he placed two of Wall Street's favorite operatives – Timothy Geithner and Lawrence Summers – in charge of the Treasury and Economic Policy; and even though he let them use bailout money – our money – to give themselves lavish bonuses after they wrecked our economy; and even though he didn't go for a single-payer Health Care system and made sure that under "Obamacare" no insurance company woul ...
WINNER TAKE ALL "2009 was a very good year for Wall Street Executives and investors. At the 38 largest companies they earned a staggering $140 billion--a record high. Goldman Sachs paid its employees an average of nearly half a million dollars each." The top twenty-five hedge-fund managers earned an average of $892 million each. And while Wall Street's top personnel was raking it in, the average American worker on Main Street was struggling to make ends meet in the worst economic downturn since the Great Depression. How these two disparate scenarios occurred is the focus of Paul Pierson and Jacob Hacking's book WINNER TAKE ALL POLITICS. They explore the mystery of how, from 1979 until the eve of the recent recession, the top one percent of income earners took in 36% of all all gain in the US economy. The current crisis is just the latest period of the long struggle between American Democracy and American Capitalism. Part One of the book explains what happened to bring about this unequal distribution of m ...
By Bernie Sanders, Special to CNN updated 1:05 PM EST, Tue February 28, 2012 Wall Street speculation drives up the cost of oil and gas; Goldman Sachs experts say it pushes prices up by 40%. STORY HIGHLIGHTS Bernie Sanders: Speculators cash in by jacking up oil and gas prices; market loosely regulated Speculators controlled 30% of the oil futures market 10 years ago: up to 80% today, he writes Sanders: As speculators gamble, Americans pay a virtual speculators' tax on gas We can lower gas prices so they reflect the fundamentals of supply and demand, he says Editor's note: Bernie Sanders is an independent senator from Vermont. He was elected to the U.S. Senate in 2006 after serving 16 years in the House of Representatives and is the longest-serving independent member of Congress in American history. (CNN) -- Gas prices approaching $4 a gallon on average are causing severe economic pain for millions of Americans. Pump prices spiked 5% in the past month alone. Crude oil prices stood at $108 on Friday, up from ...
Even more reason not to vote for Romney: Taken from ElectoralVote.com: "Forget the Middle Class, It's Elite vs. Elite While all the television ads are about the Middle Class and who loves it more, the reality is a bit different. As Deepthroat told reporter Bob Woodward some 40 years ago: "Follow the money." In 2008, Wall Street bankers were divided between John Mccain and Barack Obama, but this year they have come down clearly on the side of Mitt Romney. The five biggest sources of donations to Romney's campaign this year are Goldman Sachs, Bank of America, Morgan Stanley, Credit Suisse, and Wells Fargo, all giant financial institutions that recognize Romney as one of their own. Clearly an elite group if ever there was one. How does Obama compete with these financial powerhouses? He does get small donations, but he has his own elite team as well. His consists of people from the tech sector, government, and universities. His five biggest donors are the University of California, Microsoft, Google, governmen ...
Once a high flyer for Goldman Sachs, Greg Smith now says the company's culture has turned for the worse while the industry issues that led to the Global Financial Crisis are unchanged.
Hamilton Collection
I recently finished reading "Why I left Goldman Sachs." Seems like GS got the better end of the deal by being rid of such a pompous, self important, and self indulgent egomaniac like Greg Smith. I have never read such a egocentric, self righteous rendition of a story before...if there is anything wrong with Wall Street it is that they can produce people like Smith who think they walk on water and can do no wrong...
7 (NaturalNews) Greg Smith, a Goldman Sachs mid level vice president, resigned in the spring of 2012. Upon his resignation, he decided to write a "tell all" book regarding his experience with the firm and why he left. Most of us are aware that there is some level of deception and corruption on Wall Street. After all, it's where people go to make big money. But why would an employee making half a million dollars a year decide to call it quits after spending 12 years with the company? For Greg it was an environment gone so morally wrong that he couldn't bear to be a part of it anymore. In his book he details accounts of co-workers and supervisors knowingly giving their clients raw deals and joking about it after. One of the most common ways clients were cheated is that they were sold incredibly complex and sophisticated products that they didn't fully understand. Greg observed that the holy grail for many employees was when you could find a very unsophisticated client and sell them a very sophisticated prod ...
Video: Secret ways of Wall Street exposed by former employee: Greg Smith left Goldman Sachs and has written a bo...
it was shameful and disgusting to read the Bill Gates and Kofi Annan ( Manmohan singh of UNO) supporting a hard core white collar accused Rajat Gupta by requesting in public fora for a leniency in his Insider trading case; First if this had happened in Microsoft will Bill Gates tolerate such acts ?? will he allow his auditors, management team to perform such acts ?? is it ethical ? is it good moral ?? A Man who was on the board of bluest of blue chip companies such as Gillete, P & G, World Bank, Goldman Sachs etc if he kept passing valuable and confidential information to men like Raj Rajaratnam for huge sums of money to be made by going forward or short in Wall Street because of the advance information he possess on account of his stauts in the board . Rajat ate too much and we are all aware of the fact that had Rajat Gupta inspite of his qualification both professional and academic done this sort of a crime no one would have dared to accuse or file a case against him Only in India can anyone escape ...
Long Term Capital Management was a hedge fund that went bust in 1998. The investing public was told that unless they were saved or liquidated orderly it could bring down the entire global market. An initial buyout offer from Goldman Sachs, AIG, and Warren Buffet was rejected. Ultimately the New York Federal Reserve Bank bailed them out. Later the losses were disclosed as being 6.4 Billion dollars. To everyone not a banker reading this 6.4 Billion is the equivalent of a peanut butter jelly sandwich to Wall Street. Why was the most powerful Federal Reserve Bank organizing this rescue package. Long Term Capital's lead attorney James Rickards denied multiple reports his client was massively "short" or betting against gold prices. One year later Gordon Brown ordered England to sell 400 Tonnes of Gold at the very bottom of the market through the Bank of England. This very same year Goldman Sachs went public as a company and raised Billions of dollars. Goldman was rumored to have assumed Long Term's gold short p ...
New York: Rajat Gupta, former Goldman Sachs director, to be sentenced in insider trading case today in New York a year after the Indian-American Wall Street executive was charged with passing boardroom secrets to the now imprisoned hedge fund founder Raj Rajaratnam. The Prosecution has sought a prison term of 8-10 years for the 63-year-old Gupta, who was convicted by a jury in June this year in a closely followed trial on three counts of securities fraud and one count of conspiracy. Mr Gupta, the most high profile Wall Street executive to be convicted in the government's crackdown on insider trading, is seeking leniency from the judge, citing his otherwise unblemished career and philanthropic works. Mr Gupta's lawyers have requested that he be spared prison, citing his work with groups such as the Bill & Melinda Gates Foundation on fighting disease in developing countries. Bill Gates, Microsoft Corp's co-founder, and former United Nations Secretary-General Kofi Annan are among the luminaries who have urge ...
The sentence that will be given today to Rajat Gupta, a former Goldman Sachs director convicted of insider trading, could set a disturbing precedent if the court grants his request to be sent to Rwanda or elsewhere to perform charity work. Gupta’s request would be laughable if it didn't indicate the...
Standard & Poor's has released an analysis on Monday contending that Goldman Sachs and Morgan Stanley, more than any other Wall Street bank, could suffer under the so-called Volcker Rule.
Here it comes. Another one of my famous rants in 3,2,1. What the *** is wrong with you conservatives? Don't get me wrong, i love you guys. But let me lay this out for you since Rush Limbaugh won't. Rmoney will NOT repeal Obama care. Rmoney will NOT repeal Wall Street reform. We all know he won't repeal the NDAA act. Only because he said so. And he sure as *** wont repeal financial reform. There's no way he'll scrap a bill that gives the banks more power and wiggle room. The very banks, like Goldman Sachs, that help fund both Rmoneys and B.O.s campaigns. Rmoney is a progressive. Not a conservative. And no matter who wins, we are going to invade Iran. I'm talking WW3. Which means poverty, kidnappings, dead rising from the graves, cats and dogs living together folks. Israel can and wants to defend for themselves. And we are doing nothing but holding them back. We're being *** Plus Rmoney says he wants to increase military spending. While keeping Medicare in check. All of this while balancing the budg ...
Greg Smith wrote the essay that echoed across Wall Street like a thunderclap. Smith was a vice president at Goldman Sachs until March.
The muppet show is just getting started. Greg Smith, author of a new Wall Street tell-all that accuses Goldman Sachs, his former firm, of ripping clients off, says the Financial Crisis and new regulations have done little to curb bad behavior on Wall Street.
Greg Smith, the former Goldman Sachs vice president who notoriously resigned from the Investment Banking behemoth in a New York Times op-ed in March claimed the bank and Wall Street are taking advantage of uniformed clients to make money during an interview on CBS News' "60 Minutes" Clients that did...
Another book I encourage people to read is "As the Future Catches You" by Juan Enriquez. I attended a Conference on Wall Street hosted by Salomon Smith Barney back in my Student Loan Days involving the Capital Markets and working with some of the biggies like Goldman Sachs, Citi Group, Rbc Dain Rauscher, etc, etc, etc. At that conference Juan Enriquez was the Key Note Speaker. What his book focused on was all the change we have gone through since the USA declared independence. It is all driven by technology and his main speech was that a 3.5" floppy drive was the same as an Orange. It got my attention - because back in 2001 the floppy disc had 0's and 1's on it (computer information) and the orange had been DNA sequenced and at its basic level DNA sequencing is made up of 0's and 1's. Than he went on to track all the change we have experienced and in the 1990's the pass started to really excellerate. In fact from 1990 to 2000 we experienced 50 years of change in 10 years. He projected that fr ...
I thought it interesting, and telling, when I read that Romney's top five campaign contributors are all big Wall Street firms and banks: 1. The wonderful Goldman Sachs whose machinations and illegal activities in the 2007-08 mortgage crisis are infamous! 2. Bank of America--One of the least popular banking/investment companies in the world, and owner of one of the worst lending companies in the mortgage bubble collapse, Countrywide Financial. 3. JP Morgan Chase--well known for many shady dealings over the past 20 years, especially awful was their admitted overcharging of American military families for their mortgages and illegally foreclosing on the homes of military personnel serving in Afghanistan. 4. Morgan Stanley--this company's illegal activities (including colluding with Chinese government officials) are just too numerous to list. 5 Credit Suisse (a Swiss Bank and investment company--maybe Romney has some of his millions there, too). Obama has no investment companies or banks in his top contributor ...
Image is all that matters to the mob. Obama can take in the biggest campaign haul from Wall Street in world history, as he did in 2008, but the mob will never believe he’s in the pocket of Wall Street bankers. The top-three corporate employers of donors to Barack Obama, Joe Biden, and Rahm Emanuel were Goldman Sachs, Citigroup, and JPMorgan. Six other financial giants were in the top thirty donors to the White House Dream Team: UBS AG, Lehman Brothers, Morgan Stanley, Bank of America, Merrill Lynch, and Credit Suisse Group. In 2008 alone, Goldman Sachs employees gave more to Obama — nearly $1 million – than any other employer, with the sole exception of the entire University of California, which has 230,000 employees — ten times more than Goldman. And still Republicans are called the Party of Wall Street. Bush let Lehman Brothers go under — what else do Republicans have to do? — P.10-11
Little Giant Ladders
What Mitt Romney and Liar Loans Have in Common (Be Very Afraid) by Adam Levin As I watched Governor Romney in the Presidential debate Wednesday night I was reminded of a financial tactic the candidate's political supporters and financial backers on Wall Street used during the mortgage boom--the one that netted them billions of dollars while simultaneously pushing the American economy off a cliff. I'm talking about the liar loan, a line of credit based on smiling assertions without a shred of proof--the practice that helped flatten the mortgage market and gut the U.S. economy. This time around, though, the Governor was manipulating the truth not to score some jumbo re-fi deal (after all this is a man who could buy the White House outright), but to gain access to the U.S. Treasury and all the mechanisms of American fiscal and Monetary Policy. The loan he's looking for would be a four-to-eight-year instrument--one that would allow the nation's wealthiest Goldman Sachs-types to resume the looting of America t ...
Goldman Issues Strong Sell On Obama As Firm Refuses To Vote With Its Wallet Zero Hedge October 9, 2012 Confirming a move that will surprise exactly no one, the firm which is best known in the world for two things: i) arbitraging the gullibility of its clients, and ii) flipflopping faster than anyone when the narrative demands it, the WSJ reports that Goldman Sachs has mutated from Obama’s biggest financial backer 4 years ago on Wall Street, to one of the most stingiest firms. “Employees at Goldman donated more than $1 million to Mr. Obama when he first ran for president. This election, they have given the president’s campaign $136,000—less than Mr. Obama has collected from employees of the State Department. The employees have contributed nothing to the leading Democratic super PAC supporting his re-election. By contrast, Goldman employees have given Mr. Romney’s campaign $900,000, plus another $900,000 to the super PAC founded to help him.” In other words Goldman has just voted with their wall ...
Today news cameras caught Big Bird going to interview at Bain Capital and Cookie Monster dropping off his resume at Goldman Sachs. "Need money to pay for cookies...cookies no is free." said the blue monster, hiding behind dark sun-glasses as he entered the hallowed halls of a Wall Street icon. Lloyd Blankfein, head of investment bank Goldman Sachs said shortly after, "Cookie Monster is that exact type of person we are looking for here at Goldman. Which is to say he is not human at all. He is a voracious beast that will consume all that he comes across regardless of who doesn't get any cookies. Frankly, he reminds me of myself that way I suck up dough all day. Good luck trying to make cake you plebes!" said a smiling Blankfein. Big Bird was less compelled to to speak to the media. When shown that Mitt Romney's Budget Deficit Plan, (Cut PBS 400M - Military Increase 200B = Negative $196B) would actual add to the deficit. Big Bird chuckled before saying, "Looks like his budget plan is brought to you by the le ...
Such crap... We know what a bad mortgage is. The problem is big banks, investment agencies, and credit ratings agencies conspired together and were rating subprime mortgages as triple AAA and selling them as high rated derivatives when they were worth zippo then using credit default swaps to bet on them failing. People like Henry Paulson, our former Treasury Secretary and former head of Goldman Sachs, helped the subprime mortgage loan bubble get bigger because banks such as his were making a killing on betting on them to fail. When people who shouldn't have gotten a loan in the first place surprise! defaulted on their loans, big banks got paid. That's what the bailout was for. We paid banks to pay other banks what they were owed. You won't hear either or them talk about that, though. Wonder why? Oh yeah, they're both owned by Wall Street.
Lloyd Blankfein, chairman and CEO of Goldman Sachs, says the U.S. risks a ratings downgrade and a hit to its reputation as a global business leader as legislators battle over the upcoming 'fiscal cliff.'
I wonder how many Republican/Conservative voters know that 18 Republican politicians own shares in Goldman Sachs, 3 of which are John Boehner, Eric Cantor, and Paul Ryan. Also, there are 9 Democrats who own shares in Goldman Sachs as well, but they are not prestigious people in politics nowadays. For Bank of America we have 38 Republican politicians owning shares and 28 Democrats owning shares. There are 3 prestigious politicians owning shares in Bank of America, them being John Kerry, Paul Ryan, and John Boehner. Also, it is quite a shame to see Brad Sherman also owning shares in a Wall Street bank, because he made it appear he at least somewhat cared about the American people when, in 2008 on the floor of the House of Representatives, he reproached Wall Street for trying to fearmonger the Congress into passing a bill that would send Wall Street $700 billion in unmarked bills. According to the speech Brad Sherman gave, Wall Street tried creating a "hostage situation" and threatened to implement martial l ...
Libertarian Party "The biggest recipients of government welfare are not welfare moms. It's corporations. Huge agribusiness, pharmaceutical companies, auto companies (and their politically influential unions), and, of course, Wall Street. If the LP wins, those guys have the most to lose. (After all, D's and R's both supported bailing out Goldman Sachs, which now supports campaigns of the D's and R's. The Libertarian Party was the only major party to oppose the Wall Street Bailout.)" Libertarian Party...
2008 - Goldman Sachs and Morgan Stanley, the two last remaining independent investment banks on Wall Street bcome holding companies
Its good to see that Wall Street has cause to celebrate with a return to the self-congratulatory galas of 2008... (From NYT DealBook feed): "Don't Pack Away Your Gala Wear J. Michael Evans, a Goldman Sachs vice chairman, and his wife, Lise, who recently upgraded their abode, are two co-chairs of an event tonight at Cipriani 42nd Street on behalf of the nonprofit New Yorkers for Children. The black-tie gala, which begins at 6:30 p.m., is to support children in foster care. Downtown at the Cipriani Wall Street, George Soros is being honored tonight by the Institute of International Education. Bloomberg News has details of the season's social calendar, featuring events with the likes of Vikram Pandit, Gary Cohn and John Paulson. "
88. For that vice-presidential salute to "the people building smart toasters...this is real stuff." 89. Because the stimulus included an earmark for a Los Angeles-Las Vegas Maglev railway. 90. And there is not going to be a Las Angeles-Las Vegas Maglev railway. 91. Because he didn't let a crisis go to waste. 92. Because he demonizes Wall Street bankers. 93. Except his first chief of staff, Rahm Emanuel of Wasserstein Perella. 94. And his successor, Bill Daley of JP Morgan. 95. And his successor, Jacob Lew of Citigroup. 96. Because we wouldn't mind seeing Goldman Sachs take a loss on this particular investment. 97. Because since he took office, real median household income is down $4300. 98. Because he can't distinguish between conservatism and anarchism. 99. Because his "jobs czar" praised Germany for the fact that "government and business [work] as a pack. 100. He revived the old "Social Darwinism" canard. 101. "Top-down economics." 102. Because taxation for seniors making less than $50,000 ...
Published on Friday, September 14, 2012 by The Asian Age The Global Food System Casino - by Vandana Shiva Food is our nourishment. It is the source of life. Growing food, processing, transforming and distributing it involves 70 per cent of humanity. Eating food involves all of us. Yet, it is not the culture or human rights that are shaping today’s dominant food economy. Rather speculation and profits are designing food production and distribution. Putting food on the global financial casino is a design for hunger. After the US subprime crisis and the Wall Street crash, investors rushed to commodity markets, especially oil and agricultural commodities. While real production did not increase between 2005-2007, commodity speculation in food increased 160 per cent. Speculation pushed up prices and high prices pushed an additional 100 million to hunger. Barclays, Goldman Sachs, JP Morgan are all playing on the global food casino. A 2008 advertisement of Deutsche Bank stated, “Do you enjoy rising prices? Ev ...
Revisionist history is not recognizing the Financial Crisis for the Wall Street perpetrated fraud that it was! These "vulture capitalists" orchestrated a deliberate fraud of unprecedented proportions! Not only did they profit by selling into the upswing of the "bubble," they profited far more by short selling and making a windfall on the collapse of the most epic Ponzi Scheme of all time! Bernie Madoff was s a rookie chump compared to Goldman Sachs! What a series of mysterious coincidences: all 3 major ratings agencies, S&P, Moody's, and Fitch just happened to start giving investment grade ratings to "Toxic" sub-prime securities that were far worse than mere "Junk" so pension funds could be systematically raided, and Goldman Sachs as the ring leader, along with others on Wall Street, were short selling against their own clients (insider information)! This is the same principle employed by organized crime to "rig" sports betting! The scope and scale of the Wall Street fraud was such that it posed the large ...
A lot of you have asked me for specific information. I had to find it-- this is an excerpt from an article plublished on Dec. 1, 2010 regardings Sen. Bernie Sanders requlation on auditing the Federal Reserve. Please remenber, The President nor the Secretary of the Treasury had the authority to do this. The Fed does not report to Congress or the President. "...What have we learned from today's disclosure? And, this is based on a 4 hour examination of over 21,000 transactions. We have learned that the $700 billion Wall Street bailout signed into law under George W. Bush turned out to be pocket change compared to the trillions and trillions of dollars in near zero interest loans and other financial arrangements the Federal Reserve doled out to every major financial institution in this country. Among those are Goldman Sachs which received nearly $600 billion; Morgan Stanley which received nearly $2 trillion; Citigroup which received $1.8 trillion; Bear Stearns which received nearly a trillion; and Merri ...
I'm surprised Walmart, J.P. Morgan Chase and Goldman Sachs didn't take out any ad space at the RNC or DNC. They sure as heck are bankrolling (bought off) candidates. Walmart is chomping at the bit (also see Billy Boy Gates) for a piece of the public education budget and both Romney and Obama are set to deliver it with a nice red bow attached to it. Chase and Sachs couldn't be happier. They raped the country in broad daylight and got away with it. Heck, some of them ended up on government payroll. Obama's economic hatchet men, oops I mean advisors. They'll probably stay as Romney's as well. Some of them have been regulars in the White House since Clinton was in office. Then they go back to Wall Street and reap the benefits of their own deregulation policies. Now that's pimpin.
Right now, we are seeing the leadership at the RNC commit political suicide before our eyes. Right now I can tell who will win the election this November if there is not a game changer on the ballot this November. The winner will be the Federal Reserve Bank, Goldman Sachs and Wall Street. Both Obama...
There are some folks that will consider this an overly partisan shot...but it isn't intended that way. Remember George W. Bush? Theoretically evil incarnate? Remember Enron? The fiscal mess that developed during the 1990s and blew up in 2001? It was the Justice Department under Mr. Bush that sent Enron officers to prison. Which is appropriate. Remember Barack Obama? Again.theoretically evil incarnate? Remember the housing mess...credit default swaps...Countrywide.Goldman Sachs? Again, developed over the decades prior and blew up in 2008? Instead of putting those responsible in prison, we made Wall Street insider Timothy Geithner the Secretary of the Treasury.
“The top financial backers of Barack Obama’s [2008] presidential campaign included Wall Street leaders Jamie Dimon (CEO, JP Morgan Chase), Lloyd Blankfein (CEO, Goldman Sachs), *** Fuld (CEO, Lehman Brothers), Warren Spector (CEO, Bear Sterns), Larry Fink (CEO, BlackRock – the world’s largest money management firm), Greg Fleming (number two at Merrill Lynch), and Mark Gallogly (number two at the private equity firm Blackstone.) Collectively, these titans raised more than $100 million for the Obama campaign.” --David Horowitz And folks think only Republicans have money. Both sides are beholden to the bankers, people, the Left just gets away with blaming the Right.
When 16% of people working in Financial Services readily admit they would commit a crime if they could get away with it, alarm bells should be going off at the Securities and Exchange Commission and other financial regulators. True, Wall Street might attract more than its share of Gordon Gekko-like criminal personalities. But behavioral science suggests more is at work. The Financial Services industry has become a "criminogenic" environment that tempts otherwise ethical, conscientious people into criminal conduct they would never indulge in outside the workplace. Consider the tragic case of Rajat Gupta, a Goldman Sachs director and noted philanthropist who seemed a pillar of the community until he was recently convicted of insider trading.
Read this article from Chris Whalen carefully. The Wall Street banks are free to steal your money. The legislative, judicial and executive branches of the United States government agree that this is OK. Goldman Sachs, Jon Corzine and a myriad of other sociopathic predators have already gotten away w...
From times 24/7 For all the bluster of Obama, pre- and post-2008, as well as that of Attorney General Eric Holder concerning the alleged criminal activities on Wall Street, there have been zero Wall Street prosecutions under Obama/Holder. Compare that with his predecessors Bush and Clinton: Bush: 1,300 convictions; Clinton: 1,000 convictions; Obama: Zero attempts. And why the difference in prosecuting the law? The GAI report reveals that the Department of Justice upper echelon is stacked with attorneys, including Eric Holder, from Law Firms representing the very same companies involved in the financial meltdown of 2008, as well as financial corporations with questionable actions during the Obama administration. ... AIG, Goldman Sachs, Wells Fargo, J.P. Morgan Chase, Bank of America, CitiBank, Deutsche Bank, ING, Morgan Stanley, UBS, Wilmington Trust, and John Corzine's MF Global.
Matt Taibbi of Rolling Stone on Tuesday night blasted the Department of Justice for not prosecuting Goldman Sachs or any of its employees despite a nearly year-long fraud investigation.
Largest Contributors for Obama It should be of no surprise that among Barak Obama's top 20 campaign contributors, 5 are financial institutions. (Also of note, 4 are Law Firms and 1 is the largest tax evader in the United States - General Electric). Goldman Sachs, JPMorgan Chase, Citigroup, UBS, and Morgan Stanley are all active supporters of President Obama, the targets of anti-Wall Street populism, recievers of bailout money, and have grown market share significantly in the past 4 years.
Our government's extended protection of MF Global's Jon Corzine – the former $ trillion taxpayer-funded Goldman Sachs bailout Chief – will most likely eliminate the threat of ALL criminal charges against one of the largest Ponzi 'artists' to walk the face of the earth.
Major Banks/Wall Street did a lot to contribute to the economic problems we are facing. Guess who Mr. Romney's top five contributors are.Goldman Sachs...JPMorgan...Morgan Stanley...Credit Swiss...Citi Group.ALL helped put the U.S. in the mess we are in with thier so called "self regulation" Do you think ol Mitt is going to help them out if he were to get elected?
Lee Mueller, I been waiting for your liberal friends to show outrage for another broken promise by OBAMA but IT seems they are preoccupied making up BS about Ryan AND BANK STOCKS. Where is the LIBERAL OUTRAGE FOR Why Goldman Sachs, Other Wall Street Titans Are Not Being Prosecuted Aug 14, 2012 4:45 AM EDT The Justice Department's decision not to prosecute Goldman Sachs in a financial-fraud probe is another sign of the cronyism that has kept Attorney General Eric Holder from taking action against other big Wall Street firms, says Peter Schweizer.
Eric Holder's Justice Department also said that it will not prosecute Goldman Sachs, the Wall Street firm supposedly at the center of the market crash. But again, Goldman Sachs was a client of Eric Holder's Law Firm Covington & Burling, and they also gave over a million to the Obama campaign.
Here are some facts that you will never hear from the national news media. Under the Clinton Administration there were over 1800 Savings and Loan officials prosecuted for fraud, with 1000 going to jail. Under the Bush Administration, there were 1300 corporate fraud convictions. In 4 years under Obama: 0! VP Joe Biden said the other day that Romney-Ryan wanted to "take the chains off of Wall Street" and then, to a crowd of mostly black democrats said, "'dey gawna put yal back in chains" (just like that!). In the Goldman Sachs Abacus swindle (what, no media coverage of that either? Go figure!!), EVEN CARL LEVIN, Democrat Senator from Michigan, chair of the Senate Permanent Subcommittee on Investigations, was pressing the DoJ (The Obama Department of Justice) for prosecution. The DoJ announced last Thursday that they would NOT be pressing charges, surprise, surprise. If you are unfamiliar with the Abacus deal, Goldman Sachs sold collateralized debt obligations (bundled mortgages) under a product called Abacu ...
U.S. Attorney General Eric Holder will not bring up on charges any of the high end con artists from Goldman Sachs. Obama should land on the deck of an aircraft carrier docked on the Hudson near Battery Park, and then prance up Lower Broadway, clad in a $5000 Italian-cut suit, with his economic team behind him brandishing a banner that reads, "Mission Accomplished." This is the reason this cynical Chicago politician was marketed to the Liberal Class: The One Percent knew they could be counted on for their hypocrisy; they knew the Liberal Class could be counted on to support everything Obama did (and will in the future) -- the very things that they wax indignant about during Republican presidencies. They could be relied on to turn a blind eye towards those dispossessed of their homes by Obama's Wall Street benefactors (He took more campaign cash from Goldman then any candidate, Democratic or Republican in 08) -- as they pointed in the direction of muck-headed Romney and warned of the odious implications of ...
Peter Schweizer on why Goldman Sachs, and other Wall Street titans are not being prosecuted:
The U.S. Justice Department has announced that it will not be prosecuting Wall Street firm Goldman Sachs or its employees following an investigation into financial fraud. A Senate panel had been investigating allegations that Goldman marketed four sets of risky mortgage securities without informing ...
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The DOJ has decided it will not prosecute Wall Street firm Goldman Sachs for its involvement in the Financial Crisis fraud.
Via - Daniel Baber "On September 18, 2008, Ryan attended a closed meeting with congressional leaders, then-Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke, and was urged to craft legislation to help financially troubled banks. That same day Ryan sold shares in various troubled banks and invested in Goldman Sachs.[32] In 2002, Ryan voted in favor of the Iraq War resolution, authorizing President George W. Bush to use military force in Iraq.[33] In 2003, Ryan voted in favor of the Medicare Part D prescription drug expansion.[34] In 2004 and 2005, after the reelection of Bush, Ryan pushed the Bush administration to propose the privatization of Social Security; Ryan's proposal was ultimately not fully supported by the Administration and it failed. After the next election, he was chosen as the ranking member of the House Budget Committee.[35] In 2008, Ryan voted for the Troubled Asset Relief Program, the Wall Street bailout that precipitated the Tea Party movement, and the bailout o ...
In a case that exemplifies the degree to which Wall Street's largest financial firms have been shielded from meaningful prosecution for their role in the Financial Crisis of 2008, the Justice Department late on Thursday announced that no charges would be brought against Goldman Sachs for its role in...
Back in 2008, Financial Services companies, Goldman Sachs in particular, loved the Democrat Party and then-Senator Barack Obama. “[E]mployees of New York-based Goldman gave three-fourths of their campaign donations to Democratic candidates and committees, including presidential nominee Barack Obama,” Bloomberg reports. But then something happened. He got elected. After the 2008 presidential election, members of the financial community were no longer valued donors but were instead “fat cats” who don’t pay their “fair share” or “play by the rules.” And then the White House condoned and coddled that whole “Let’s Destroy Capitalism” Occupy Wall Street thing. What we’re trying to say is that members of the financial community, Goldman employees in particular, seem a little sore with Team Obama. So much so, in fact, that the Obama campaign has repeatedly tried to convince Wall Street that they’re not out to get them. Apparently, it’s not working: Goldman employees are “showering ...
There can be no genuine free enterprise until Wall Street loosens their grip on the entire economy. Most of our current economic proble$s are a direct result of the repeal of banking laws that were put in place so that another Great Depression could never happen again. Bill Clinton helped to have Glass-Steagall repealed during the last days of his presidency. That allowed Goldman Sachs, Citibank and others to grow to be "too big to fail" and reach their tentacles into every Anerican neighborhood and even around the world...
Does Mitt Romney pay more in fees to his Wall Street advisers than he does in taxes to Uncle Sam? What do New Englanders know about Romney’s leadership skills that the rest of America doesn’t? And was Mitt Romney really as successful at Bain Capital as is now claimed? The...
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