goldman sachs

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.

Body count from Goldman actions crosses into criminal territory

In addition, the Federal Reserve and [...]

Tags: aig · cdo · fed · goldman sachs · treasury

An Unexpected Plunge, A Starring Role and ‘Charitable’ Bankers

November 18th, 2009 42 Comments

Stacy Summary: Witness the casino model in the Goldman Sachs / Buffett ‘charitable’ donation . . . you plough $23 trillion into the house slot machine and out comes $500 million in ‘free ‘drinks.

U.S. housing starts unexpectedly plunge in October

Goldman Sachs bankrupted AIG, played starring role in near collapse of global markets

Goldman Sachs & Warren [...]

Tags: aig · charity · goldman sachs · housing starts

Goldman News: Reasonable Doubt, Taking Away Homes & Gaining on CIT

November 2nd, 2009 124 Comments

Stacy Summary: More forensic examination of Goldman Sachs’ role during the days that its former Chief Executive, Hank Paulson, was bailing out the financial players. And for these neo-feudal times, here is the Daily Gulag from @adamc

Goldman Sachs: Reasonable Doubt (Janet Tavakoli)

Sophisticated counterparties like AIG are supposed to protect themselves, and have little chance for [...]

Tags: aig · cds · goldman sachs · hank paulson · lloyd blankfein

New Jersey’s indentured taxpayers give Goldman $1 million per month for swaps on non-existent bonds

October 23rd, 2009 85 Comments

Stacy Summary: What’s the proper word for it? Debt slavery? Indentured servitude? So many schemes so few words. We need a new Shakespeare.

New Jersey pays Goldman Sachs for swaps on non-existent bonds

“This vividly shows the risk of entering into interest- rate swap agreements,” said Christopher Taylor, former executive director of the Municipal Securities Rulemaking Board [...]

Tags: goldman sachs · new jersey · swaps