Goldman (Government) Sachs

Goldman Sachs, a part-owner of the Federal Reserve, played a key role in the 2008 credit crunch. The bank is still willing to market questionable products no matter the consequences to clients or society.

The bigger problem is that as long as the private central and commercial banksters create money from nothing, i.e. legalized counterfeiting, and hide behind the shield of corporation personhood, LLC liability exemption and government guaranteed loans, they will keep expropriating from THE PEOPLE and will keep passing their liabilities on the taxpayers, and the ordinary family will continue to be reduced to perpetual and permanent poverty in subservience to the Banksters and their associates.

http://www.batr.org/totalitariancollectivism/100911.html

There is no end in sight to the Elites’ stealing taxpayers past, present and future wealth.

History repeated: In the Great Crash of 1929, Goldman’s investors lost their shirts but Goldman kept its hefty fees.

Why is the DEA Laundering Drug Money for Mexican Cartels? | Drugs …

www.alternet.org

Dec 5, 2011 … Why is the DEA Laundering Drug Money for Mexican Cartels? … Goldman Sachs Takeaway: Fix Our Financial System or Get Ready for the …

… HSBC Watch website I picked up on money laundering … from Mexican exchange houses, money suspected to be drugproceeds. … Goldman Sachs sued again over MBS; Fannie Mae …

As FTW moves deeper into its multi-part investigation – inspired by revelations of possible 1987-92 drug money launderinginvolving AIG, Goldman Sachs and …

Drug Money Laundering: 2-5% of Global Financial Transactions. The IMF acknowledges that … corporate media, credit, debt, economic collapse, goldman sachs, illicit drugs, …

www.youtube.com [Found on Google]

Jun 29, 2010 … (Barack Obama=Goldman Sachs $1million) Well than every …. Add to drug money laundering by wall street ( Max Keiser ) Afghanistan warby …

www.theantechamber.net [Found on Bing]

MORE 9/11 CANTOR FITZGERALD, GOLDMAN SACHS, FED. R., UST, BUSH ETAL ‘FINANCIAL … American politicians and heads of federal agencies involved in drug money laundering and …

Africa is bleeding money to such an extent that a new book argues the world’s poorest continent is a net creditor to the rest of the world and should not have to pay its “odious debts”.

Matt Taibbi: Bank of America: Too Crooked to Fail

The bank has defrauded everyone from investors and insurers to homeowners and the unemployed. So why does the government keep bailing it out? This bank is like the world’s worst-behaved teenager, taking your car and running over kittens and fire hydrants on the way to Vegas for the weekend, maxing out your credit cards in the three days you spend at your aunt’s funeral. They’re out of control, yet they’ll never do time or go out of business, because the government remains creepily committed to their survival

Should Africa challenge its “odious debts?”
Reuters, March 15, 2012
By Ed Stoddard

Debt forgiveness for Africa has long been an activist battle cry popularised by celebrity voices such as Bono, and the concept of odious debt – incurred by rulers but bringing no benefit to the people – is not new.

Read More…

Subject: Fw: Goldman Insider Exposes Struggle forthe Jewish Soul

Some who claim to be monetary reformers in the U.K are so enamoured by being associated with Goldman so as to defend their actions.

People cannot see beyond their noses.

When Professor Rodney and I treat the organisation with the contempt it deserves, we are considered trouble makers by those who love to lick the boots of the Goldman bosses and Common Purpose.

Goldman is not the biggest problem it’s the FED,BIS, ECB,BOE

“It began with people being schooled to be stupid”
03-15-2012  •  dailypaul.com
“This video is about how government-run schooling contributed to the rise of socialism, imperialism and eventually fascism in Germany between the 1890s and 1940s.”

http://www.freedomsphoenix.com/News/107555-2012-03-15-it-began-with-people-being-schooled-to-be-stupid.htm?From=News

The Origin and Evil of Public Schools
03-15-2012  •  http://lewrockwell.com, John Taylor Gatto
A weekend seminar with John Taylor Gatto
http://lewrockwell.com/gatto/gatto7.1.1.html

11 Reasons Why America Would Be A Better Place Without Goldman Sachs 

03-15-2012  •  Michael Snyder, businessinsider.com
Would America be a better place without Goldman Sachs? Of course it would. The “vampire squid” of Wall Street does not care about the future of America.
http://www.businessinsider.com/11-reasons-why-america-would-be-a-better-place-without-goldman-sachs-2012-3

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http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?pagewanted=1&_r=1&ref=general&src=me

“Why I Am Leaving Goldman Sachs”What are three quick ways to become a leader?

a) Execute on the firm’s “axes,” which is Goldman-speak for persuading your clients to invest in the stocks or other products that we are trying to get rid of because they are not seen as having a lot of potential profit.

b) “Hunt Elephants.” In English: get your clients — some of whom are sophisticated, and some of whom aren’t — to trade whatever will bring the biggest profit to Goldman. Call me old-fashioned, but I don’t like selling my clients a product that is wrong for them.

c) Find yourself sitting in a seat where your job is to trade any illiquid, opaque product with a three-letter acronym.

It makes me ill how callously people talk about ripping their clients off. Over the last 12 months I have seen five different managing directors refer to their own clients as “muppets,” sometimes over internal e-mail. Even after the S.E.C., Fabulous Fab, Abacus, God’s work, Carl Levin, Vampire Squids? No humility

**

http://www.henrymakow.com/goldman_sachs.html

” Weed out the morally bankrupt people, no matter how much money they make for the firm.”

Robert said (March 16, 2012):

This story sure reminds me of a Monday morning meeting I had a with a corporate rep/lending officer from the Local Credit Union. I was questioning some new policy’s and the direction the place seems to be going in. I was told point blank, right from the horses mouth. “We are no longer interested in community building and or the interests of individual clients” and
“An individual clients reputation is no longer considered and asset” etc

I was totally amazed…. I weep for the future.


(asked to elaborate)

was approaching them for project financing with specific terms, something I have done many, many times before with great success and always fulfilled my obligations.

This time I was just told no. When I asked why? the lending officer was very honest with me… he said “this isn’t the same institution it used to be” “I have absolutely no power to go to bat for you based on our excellent past working relationship” “all policy and decisions are now directed by central” Again in his own words. “we basically have a bunch of young kids sitting in a board room doing risk/profit calculations, they have no idea who you are and don’t care”.

My interpretation of his reply was that, its not so much the fact that im now suddenly a big risk after so many years of good relations but that I’m no longer profitable “enough”


MB said (March 16, 2012):

f I may, I would like to offer an additional point of view re: not only Goldman Sachs but the other too big to fail (“TBTF”) banks. I agree wholeheartedly that TBTF banks are inherently greedy entities that have structured their organizations to be ready, willing and able to screw their customers around the clock and globe. However, I don’t believe they screw ALL of their customers.

In fact, I believe have intentionally subordinated their own greed in the last decade to benefit certain “VIP” clients who use massive unbridled derivatives positions to globally invoke pain onto the masses in the form of (i) Credit Crisis, which mopped out many by rapidly deflating most asset classes and (ii) unprecedented Quantitative Easing, which has subsequently robbed virtually all “savers” of any yield on deposits or bonds while selectively re-inflating asset prices, most notably in energy and agriculture sectors to maximize damage to consumers around the world.

TBTF banks put greed aside to accommodate “VIP” customers — who one way or another were allowed to position themselves beneficially — by taking the other/crappy sides of the trades. TBTF banks then “traded out” to the extent possible, thereby schtupping non-VIP clients and designated mega-patsies such as AIG, which they knew full well would be saved by governments due to its large share of the global insurance market. However, TBTF banks had to swallow hard on the remaining crappy derivatives and the rest is history.


Brian H said (March 16, 2012):

Resigning from Goldman-Sachs because the company has become a crass machine only interested in making money and not “sensitive to the needs of the clients” is all fine and well, insofar as it goes. But the very NATURE of investment banks in general is the problem, not some “moral fiber” issue like the one reflected in this recent article. The present state of a bank such as this simply represents a logical progression to the level of corruption it finds itself in. As with any institution who from their OUTSET were formed to serve the greater New World Order agenda, this one exemplifies the latest stage moving towards complete Societal decadence.

The question for each person to ask themselves remains, “How far away from it will you remove yourself?”


Henry Makow is the author of A Long Way to go for a Date. He received his Ph.D. in English Literature from the University of Toronto. He welcomes your feedback and ideas at henry@savethemales.ca

Goldman Sachs Insider Resigns, Reveals “Toxic’ Culture In Which Managers Called Clients “Muppets’
Last year, Goldman Sachs faced a significant amount of heat when internal emails — in which, bankers described a financial product they sold to clients as a “shitty deal” — became public. Goldman trader Fabrice “Fabulous Fab” Tourre became the face of a bank that cared more about its own internal trading profits than serving the needs of its clients, as shown by an email of his stating that he didn’t even understand the “monstrosities” he was peddling. In today’s New York Times, Goldman Sachs executive director Greg Smith confirmed this characterization of the bank, writing that he resigned from Goldman due to its “toxic and destructive” environment which included managing directors referring to their own clients as “muppets”:

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Goldman Executive Resigns Via Public Letter
03-14-2012  •  By dealbook.nytimes.com/
In a frank opinion column for The New York Times, Greg Smith, a Goldman Sachs executive, explained on Wednesday why he was resigning from the firm.

http://www.freedomsphoenix.com/News/107419-2012-03-14-goldman-executive-resigns-via-public-letter.htm?From=News

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Matt Taibbi: J.P. Morgan Chase’s Ugly Family Secrets Revealed By Whistleblower
In a story that should be getting lots of attention, American Banker has released an excellent and disturbing exposé of J.P. Morgan Chase’s credit card services division, relying on multiple current and former Chase employees. One of them, Linda Almonte, is a whistleblower whom I’ve known since last September; I’m working on a recount of her story for my next book. One of the things we were promised by the lawmakers who passed the Dodd-Frank reform bill a few years back is that this would be a new era for whistleblowers who come forward to tell the world about problems in our financial infrastructure. This story now looms as a test case for that proposition. American Banker reporter Jeff Horwitz did an outstanding job in this story detailing the sweeping irregularities in-house at Chase, but his very thoroughness means the news may have ramifications for Linda…

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