Goldman’s body count is criminal

December 23rd, 2009 by stacyherbert

Stacy Summary: As we have said in our radio shows, Goldman basically took out an insurance policy on the US economy and her consumer/citizens and then had every incentive to burn the whole thing down to collect on the insurance money.

In addition, the Federal Reserve and the Treasury, by helping Goldman Sachs to profit from homeowner and investor losses, conceal their misrepresentations to shareholders, destroy insurers by stuffing them with toxic bonds that they marketed as AAA, and escape from the consequences of making a risky bet, committed a grave injustice and, very likely, financial crimes. Since the bailout, they have actively concealed their actions and mislead the public. Goldman, the Fed and the Treasury should be investigated for fraud, securities law violations and misappropriation of taxpayer funds. Based on what I have laid out here, I am confident that they will find ample evidence.

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30 responses so far ↓

  • Daniel S
    Dec 23, 2009 at 3:50 am

    They can blow up buildings full of people in America and call it collapse. They can blow up the economy and call it collapse.

  • Youri Carma
    Dec 23, 2009 at 3:52 am

    Debt restructuring by Dubai state-run companies may almost double to $46.7 billion as more of the emirate’s businesses may need help making payments, Morgan Stanley said earlier this month.

    Dubai World to Present ‘Standstill’ in Early January http://tinyurl.com/yjw3afq

  • Mother Earth
    Dec 23, 2009 at 3:55 am

    Drop the bodies on da floor…

    With most liquidity provided by criminals its only a matter of time before these will be disapointed and start to get angry..

  • Phil /Germany
    Dec 23, 2009 at 3:58 am

    @Stacy … NICE SUMMARY !

    It was already obvious to me in 2006/2007, but it needs reaping over and over again, until someone prosecutes IMO.

    …Goldman, the Fed and the Treasury should be investigated for fraud, securities law violations and misappropriation of taxpayer funds. Based on what I have laid out here, I am confident that they will find ample evidence.

    Why don’t they just say : The Government !

  • Phil /Germany
    Dec 23, 2009 at 4:00 am

    @Bonn … Cheesus, are you German or what ?

    eins / iens
    zwei / zwie

    LOL !

  • Dedo
    Dec 23, 2009 at 4:07 am

    If the Fed was initiated by the Bank of England, which is a subsidiary of the BIS,..surely that is where the investigation should start Stacy? {I should be a fkin’ defective) : )

  • Mother Earth
    Dec 23, 2009 at 4:07 am

    @Dan Valley

    Buddhists are atheists

  • Bonn
    Dec 23, 2009 at 4:11 am

    @ Phil /Germany
    I did a course in German from Max muller
    Yeah so I do know a little forgotten most of it
    But could find my way around Germany without help of using English

  • Youri Carma
    Dec 23, 2009 at 4:36 am

    Spending on infrastructure, tax breaks and other fiscal measures account for 52% of the total, up from 39% in March, as central bank loan programs are phased out. Congress and the administration’s $4.2 trillion portion, which amounts to 30 percent of everything produced in the country this year

    The U.S. House of Representatives last week increased the federal government’s debt ceiling $290 billion to $12.4 trillion. It also passed a $154 billion economic aid package to pay for extended unemployment benefits, new infrastructure projects and help to state governments.

    Commitments by Congress to spend more than $984 billion, or about 8 percent of the national debt, include stimulus packages and a November 2008 change in the tax code to encourage large banks to buy smaller ones.

    The Fed’s plan to buy $1.25 trillion of mortgage-backed securities is its largest spending program. The Fed holds $901.2 billion of the securities and is scheduled to complete the purchases in the first quarter.

    The Obama administration still has about half its $787 billion stimulus package to spend, according to the Office of Management and Budget

    The Fed’s balance sheet ballooned to $2.24 trillion in assets as of last week, up 142 percent from the beginning of 2008. The U.S. has run 14 consecutive monthly budget deficits http://tinyurl.com/ylzmsxg

  • Youri Carma
    Dec 23, 2009 at 4:52 am

    New Zealand: $150m SI farm deal backed by Dubai http://tinyurl.com/yeduh7x

  • Marc Authier
    Dec 23, 2009 at 5:20 am

    And Obanana works for them might we remind you. Where did 95% of his funds came from ? 95% no kidding. 95% from the Wall Strette mafia ! 95% How to you spell Banana Repbublic ? Obanana. Can’t stand this guyr. He is worst than Bush !

    And I am no fan of Bush. In reality the country should be renamed United SachsScums of America. Don’t forget. The criminals at thw White House and in the scum in the Senate and “Con”gress collaborated. On both sides. The Democrats and the Republicans should also be accused of criminal activities.

  • Jeffrey Cohlmeyer
    Dec 23, 2009 at 6:00 am

    And for those who might have missed it, Goldman is cramming through their version of ObamaCare to protect their new investment:

    http://www.bloomberg.com/apps/news?pid=20601103&sid=as.BRnlVf28Y

    “Blackstone Group LP, Goldman Sachs Group Inc. and Credit Suisse Group AG are backing a new U.S. firm marketing insurance to small businesses and middle-income individuals.

    Insphere Insurance Solutions will sell life, retirement and health products through 3,500 agents when the Dallas-based firm launches in January, the company said in a statement. Funding comes from a $1 billion private equity investment made in 2005 in HealthMarkets Inc., a predecessor firm whose agents will be retrained as the Insphere sales force, said Phillip Hildebrand, chief executive officer of both companies, in an interview.

    “What attracted Blackstone and Goldman Sachs was HealthMarkets’ agents,” Hildebrand, 56, said yesterday. “We had an asset many companies are without — a delivery platform to take it to the customer. We said, ‘We have all these agents, why don’t we put them to work?’”

    Firms including Goldman Sachs and Morgan Stanley have been investing in middlemen to generate fee income from insurance without taking on the risk of losses on investment portfolios backing policies. Insurers including Hartford Financial Services Group Inc., Liberty Mutual Group Inc. and Unum Group have been seeking to add smaller customers as larger clients pressured by the recession use their scale to demand lower rates.”

    So to me, it looks like Goldman is going to send agents door to door trying to get people compliant with crap-paper health insurance once Obama signs that sham health insurance bill.

  • Marc Authier
    Dec 23, 2009 at 6:39 am

    5 year prison terms if you don’t pay the Obanana/Golman pimp.

  • Jeffrey Cohlmeyer
    Dec 23, 2009 at 7:37 am

    That would be the “gulag” half of Max’s prescient “Casino-Gulag Model”.

    I’ve learned that the louder and more far-out Max’s statements are, the more I need to pay attention because that is *precisely* what is going to happen in a year or two.

  • Sherri Young
    Dec 23, 2009 at 8:37 am

    Does anyone have anything to offer on the suspension of issuance of the 30-yr Treasury bonds from February 2002 until February 2006 and how that suspension fed into the CDO/CDS mess? Insurance companies used AAA long-dated paper to pair up against long-term risk such as life insurance. Mortgage rates were benchmarked against the 30-yr paper. Would not a suspension of new supply from the Treasury have functioned as a stimulus plan for CDO issuers? Were there any CDS written against 30 year t-bonds until after 2006?

    Since our fiat currency is all debt paper, would not a suspension of new debt create a contraction in money supply as old debt was rolled off rather than rolled over?

    Just trying to look at one more facet of this hard, sharp lump of coal.

    Any thoughts or resources?

    Thanks.

  • Michael Le Couteur MSCD, ret’d
    Dec 23, 2009 at 2:39 pm

    Anybody interested in a Guillotine.

    http://dreadwilliam.com/bigg.html

    Love the last line on the Site.

    “And please don’t kill anything with it. Peace be with you.”

    Unfortunately just as in the Russian Revolution, all Czars (for lack of a better term) will be gotten rid of so there will be no going back to the old ways.

    Tonight on the Running Man! Two pedophiles and one banker. Don’t forget to tune in.

  • jon
    Dec 23, 2009 at 3:47 pm

    If goldman sachs and jp morgan stanley didn’t own the usa and its judiciary they would have been thrown into prison long ago.

  • gb
    Dec 23, 2009 at 5:28 pm

    @marc
    gore vidal calls it “the united states of amnesia”
    @mother e.
    buddhists are not atheists

  • Daniel S
    Dec 23, 2009 at 7:14 pm

    If you look at the word Atheist in terms of it’s roots, then Buddhists are Atheist because the same derogatory connotation would have been given them since they don’t believe in a God the way the Greeks did. Other than that far-fetched argument, Buddhists believe in spirits, souls, gods, and so on. They are in a category of their own having laid claim to reason and yet maintaining a personality cult that believes in reincarnation. Of course, the Buddha didn’t speak english and his teachings were passed down indirectly by memory after his death, so we can pretend he didn’t mean God or go into how his definition of God was so very different than say a Christian’s. But still, Buddhists believe in Gods, so lets put them in the category of theists regardless of the double-speak of their cult, or whatever someone posted to Wikipedia today.

  • whitemale08
    Dec 23, 2009 at 7:16 pm

    This is what happens when you think the bail outs of Goldman
    Sucks and JP Morgan were cute-n-funny.

  • The Underfundedmentalist
    Dec 23, 2009 at 9:24 pm

    Leo Strauss eat your heart out! Goldman Sachs has dethroned you as the new ultimate neo-liberal! They have united the statists and anarchists of the world by deregulating the governmnet down to a no-bid-contract clearinghouse for stateless multi-nationals.

  • California Doctor
    Dec 23, 2009 at 10:08 pm

    From Balloon Boy parents get jail time sentence …
    So, the DA’s prosecute this hapless wanna-be family and then ignore the crap and payola circuit at the big banks?

    Quoting the LA Times:
    Schapanski also barred the couple from receiving any financial benefit, such as a book deal, in connection with the incident.

    Summing up the balloon boy saga, he said, “What this case is about is deception and exploitation — exploitation of their children, exploitation of the media, exploitation of the emotions of people. And it was about money.”

    End quote

    What a moronic judiciary ! These idiots sentence this hapless family to jail time.

    That cell would be better occupied by the bankers who donate to their reelection campaigns and the crooks at Goldman Sachs

  • The Underfundedmentalist
    Dec 23, 2009 at 10:46 pm

    @ cal doc
    exploitation of the media,
    I think this is why they are being prosecuted, they didn’t give the media their cut. We will see many more stories of ‘Greedy Peolpe’ trying the stunts that the big boys pull off.
    Graft doen’t enjoy company.

  • Bill Stewart
    Dec 23, 2009 at 11:27 pm

    The US now owes its foreign investors so much that the only way to have any kind of workable payback arrangement is to allow Americans to be hunted by the foreign investors.

    I see a huge market for
    – selling human meant to China, as all meat production will have to shunted off
    – other stuff I have not considered ?

  • The Underfundedmentalist
    Dec 23, 2009 at 11:45 pm

    so what should we call this new world we didn’t order
    do we call it command consumerism?,
    bailnomics?
    fraudhypokracy?