22 responses so far ↓

• Bonn

  Nov 11, 2009 at 2:54 am

  

  
• Mep

  Nov 11, 2009 at 3:00 am

  

  Wow, they sure are good at doing “God’s work,” aren’t they? Tavakoli rocks. I’m forwarding her work to my Congresscritters and to AG Cuomo.
• Mother earth

  Nov 11, 2009 at 3:02 am

  

  Maybe they should take one more lesson from god and sieze to exist..
• Phil

  Nov 11, 2009 at 3:03 am

  

  @Stacy .. great job by Janet going public on this.

  I repeat, I called ( suspected ) it at the time .. with no proof or detail of course , but Janet has now provided more detail and numbers.
  The question is … will anything be done about it ?
  Probably not … as usual !

  PS: of course, Max has been right all along !
  
• Bonn

  Nov 11, 2009 at 3:05 am

  

  RODFL how many times do you hear the word Victim on CNN and when you hear that you will definately hear
  Victims =
  Witness =
  Familys
  Task force
  Crime
  RODFL
  How ar u felling now
• Mep

  Nov 11, 2009 at 3:08 am

  

  @ Mother Earth – Maybe they meant Old Testament God?! We should ask them which God they mean. If they respond that their God is Allah, maybe then the media will do their job, start swinging away at Goldman, and talking about terrorists infiltrating the US and taking us down from the inside.
• Bonn

  Nov 11, 2009 at 3:10 am

  

  THREE U.S. GOLD MEDALISTS TO LEAD BASKETBALL WITHOUT BORDERS 2009
  http://www.nba.com/bwb/
• Mother earth

  Nov 11, 2009 at 3:11 am

  

  @Mep

  If their god was Allah they could not be in banking..

  Still it is a stark admission of control/power that should trigger a question: do we want someone to exert control over businesses, isn’t that what the free market was for?
• Mep

  Nov 11, 2009 at 3:19 am

  

  Sadly, Mother Earth, I think the response would still be that the market was too regulated and needs to be deregulated more if the free market is to really work its magic in keeping businesses in check. There’s a lot of rhetoric saying otherwise, but the vast majority of solutions being offered would only cover-up the fraud of the century and seek to go forth with even less oversight.
• Mother earth

  Nov 11, 2009 at 3:36 am

  

  @Mep

  That is provided there is a way to run the market, e.g. a currency..

  I predict China will force the US to eliminate some of the cadre of Wall st., and then I mean eliminate like it is done in China. I also predict ‘cannibalism’ within the financial sector (oppertunistic desperate hitmen). GS subsidiaries are in the wholesale suicide on demand business in India already ( http://www.youtube.com/watch?v=HF3fuCPze0I )..

  China will see internal unrest if they can’t keep people busy, and then its the tried and tested way to choose a common enemy, wich will be the West/US. They are anticipating this for years now.

  http://www.rense.com/general38/conflict.htm

  It seems the US bought the Indian alliance last week, but the IMF seems to want to keep the warchest filled (or why would the rest not have been shipped to china a long time ago?).
• Phil

  Nov 11, 2009 at 3:48 am

  

  When Suicide becomes Genocide

  http://www.youtube.com/watch?v=HF3fuCPze0I

  60% annual interest !
  Thx Mother … for getting public attention on this.
• Youri Carma

  Nov 11, 2009 at 4:04 am

  

  @Phil

  From the same very well informed Dutch Dude: Goldman Sachs Poisoned your Coffee Vid http://tinyurl.com/yzpd8lu
• Phil

  Nov 11, 2009 at 4:13 am

  

  @Youri … William Black

  One would think that with his “establishment” background, that public prosecutors would / should be on to GS by now.

  Nothing happens … as usual !
• Mother earth

  Nov 11, 2009 at 4:22 am

  

  Dudes, thanks for the appreciation…Isn’t it sad how high our expectations used to be of these bankers..
• Richard@lattitude30N

  Nov 11, 2009 at 4:28 am

  

  @Phil:yes that’s right….where oh where are the elliot spitzer’s????what was his title as NY AG?? “Sheriff of WS”??? Guess with this excessive corruption we must not need one…BTW the Bear Stearns traders were exonerated!!!!!!!!
• Youri Carma

  Nov 11, 2009 at 4:51 am

  

  @Phil

  It would be very interesting to know why?

  My suspicion is that loads of people are not well informed cause they are not as curious info gatherers as we are. A lot of people don’t get the info from the internet which also seems to create a wide gap in info which the MSM is not filling trough their traditional media.

  If they get the info it’s so far off from their believe system that they refuse to accept it or simply put their heads in the sand and refuse to talk about it in the false hope it will blow over like a ocasional rain cloud. I experienced that myself on some birthday party “don’t mention the crises” they said.

  Some question to look around for the answer……?
• stacyherbert

  Nov 11, 2009 at 5:14 am

  

  Goldman Sachs abandons kittens

  http://www.newdeal20.org/?p=5706
• sklein

  Nov 11, 2009 at 7:40 am

  

  the coup-

  What is the future of a democracy where a President can be assassinated under suspicious circumstances while the machinery of legal action scarcely trembles?

  — machinery of legal action scarcely trembles?
• Frank Hope

  Nov 11, 2009 at 8:15 am

  

  It’s great to have Janet Tavakoli on our side. I just wish she would also post her statements as HTML.

  Janet finally answers my question from March 2009: “Did Goldman Sachs precipitate the fall of AIG?”

  I asked this based on a WSJ article. Here’s a quote.

  AIG documents released by the House committee show that as market conditions deteriorated, Goldman pushed AIG to provide it with more collateral to offset its exposure on the derivative contracts. Minutes from one February meeting cited “Goldman’s acknowledged desire to obtain as much cash as possible from their collateral calls.”

  Read more here.

  http://futurenewstoday.blogspot.com/2009/03/did-goldman-sachs-precipitate-fall-of.html
• stacyherbert

  Nov 11, 2009 at 8:16 am

  

  @Frank Hope – I second that . . . re: posting as HTML
• Dante

  Nov 11, 2009 at 10:35 am

  

  Financial innovation is Wall Street’s new ‘soul sickness’
  Commentary: New mutant American capitalism has no moral compass

  “Former Fed Chairman Paul Volcker and Nobel-Prize-winning economist Joseph Stiglitz warn: We need a new Glass-Steagall to rein in Wall Street. Or prepare for a new meltdown. At a Senate hearing last summer financial-innovation pioneer Richard Bookstaber, author of “A Demon of Our Own Design: Markets, Hedge Funds & the Perils of Financial Innovation,” said: “Derivatives are the weapon of choice for gaming the system.” They are “vehicles for gambling … side bets on the market.”

  Get it? Derivatives put all markets, investors and taxpayers at risk. These “side bets can pose risks that extend beyond the losses to the person making the bet,” because they actually “change the behavior of the market.” In short, financial innovations only serve the interests of Wall Street’s insiders, not the public interest, not Main Street investors, not American taxpayers, and not retail banking customers. Without transparency and regulation reform, a new meltdown is guaranteed. ”

  “That means Wall Street’s blind “anything goes” obsession with financial innovation is totally consistent with the rules of the new American capitalism. Morals, ethics and the public good are irrelevant in the rules of Wall Street’s new mutant American capitalism.

  Wall Street’s only restriction is to obey the 11th commandment: “Thou shalt not get caught.” And when you compare the number of indictments from the 2008 meltdown to earlier ones during the Enron-era scandals and the S&L frauds (plus add in the $23.7 trillion debt those same “too-greedy-to-fail” crooks scammed from American taxpayers), you can easily see why Wall Street is clearly living within the rules they created for the new mutant American capitalism. ”

  http://tinyurl.com/ye3qeh9
• Jim ODonnell

  Nov 11, 2009 at 11:35 am

  

  The Lloyd’s Prayer [as in Lloyd Blankfiend]

  Chainman Who Art At Goldman,
  Blankfein Be Thy Name.
  The Rally’s Come.
  God’s Work Be Done,
  We Have No Fear Of Correction.

  Give Us This Day Our Daily Gains,
  And Bankrupt Our Nearest Competitors,
  Just As You Taught Lehman And Bear A Lesson.
  And Bring Us Not Under Indictment.

  For Thine Is The Treasury,
  The House And The Senate
  Forever And Ever.
  Goldman.