Tag Archives: goldman

UK benefit payout will exceed income tax revenue by over 10%

Stacy Summary:  Bit tip of the hat to @Mike2liverpool. And finally, go join the conversation about yesterday’s OTE at DemocraticUnderground, if you would like to. Oh, and email [email protected] if you want to send some comments to them!

We reject the assertion that we are inflators of bubbles and profiteers in busts, and we are painfully conscious of the importance of being a force for good.

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The revolution will not be golden

Stacy Summary: So, the entirety of Twitter has been hypnotised by green while Goldman Sachs transfers trillions in toxic waste to the balance sheet of those very same green iconed twitterers calling for others to be free!  And yet they themselves are being imprisoned by intergenerational debt!  While Goldman walks away with the biggest bonuses in their 140 year history!! This is just too awesome to be true.  I am still uncertain whether to laugh or cry.  Well, first let me try to appeal to the Iranian people to turn their twitter icons gold in support of those of us oppressed by the dictatorial Fed which has consolidated its power in the past week.  If I can’t get them to go gold in support of financial freedom fighters, then my suggestion is go long oligarchy and short the peasants!  Tomorrow!

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Headline – More calls for racketeering charges against Goldman

Stacy Summary:  Of course, Max has been saying this for more than a year now, and Paul B. Farrell at Dow Jones Marketwatch has caught the Max meme:

The beauty of prosecuting a conspiracy under RICO is that the conspiracy is a separate crime. And all members may be guilty of conspiring to commit each crime in pursuit of the conspiracy’s overall agreement. RICO’s list includes: Fraud, extortion, embezzling, theft, gambling, money laundering, bankruptcy, securities violations and obstruction of justice.

And right now, that may even cover bankers “cooking the books” using taxpayers’ TARP money to generate doctored, phony earnings to deceive investors. And hidden behind the individual crimes may be a collective act of treason to take over control of the American economy as the moneyed “superpower.”

With Henry Paulson at Treasury earlier, Goldman Sachs had absolute power, with the absolute backing of the party then in control of Washington. Flash forward: Now, with all their people, programs, lobbyists and connections left behind like landmines inside Washington’s new administration, the power of the “Goldman Conspiracy” may now be absolute, as in Lord Acton’s historic warning that “power corrupts and absolute power corrupts absolutely.”

Max saying the same thing in his own inimitable way:

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