News & Analysis
Is Goldman Resignation Part of an Elite Plot?
Goldman Roiled by Op-Ed Loses $2.2 Billion ... Smith Resignation Costs Goldman Shareholders $2.2B ... Goldman Sachs Group Inc. (GS) saw $2.15 billion of its market value wiped out after an employee assailed Chief Executive Officer Lloyd C. Blankfein's management and the firm's treatment of clients, sparking debate across Wall Street. The shares dropped 3.4 percent in New York trading yesterday, the third-biggest decline in the 81-company Standard & Poor's 500 Financials Index, after London-based Greg Smith made the accusations in a New York Times op-ed piece. Smith, who also wrote that he was quitting after 12 years at the company, blamed Blankfein, 57, and President Gary D. Cohn, 51, for a "decline in the firm's moral fiber." They responded in a memo to current and former employees, saying that Smith's assertions don't reflect the firm's values, culture or "how the vast majority of people at Goldman Sachs think about the firm and the work it does on behalf of our clients." – New York Times
Dominant Social Theme: Dig up Pecora and let him run a commission.
Free-Market Analysis: Hoo boy. Here's what we really need: New "Pecora Hearings." is this why Goldman is being pilloried once again?
Is it a deliberate hit job of sorts? Certainly it is compelling. People hate the system so much that even the alternative news media goes along when it comes to Goldman Sachs.
It never seems to occur to anyone, even the brightest of the alternative media minds, that this is the way the power elite works. Do they ever set up a dialectic they don't control? "They" OWN Goldman Sachs it seems to us. Goldman works for "them" ... and "they" are offering up this firm like a sacrificial lamb.
But the stakes could not be higher. The end of the US system of capital-raising is being oiled and greased in Washington thanks to the constant drumbeat of anti-Wall Street news.
The guillotine is being sharpened. The screws are being tightened. It is almost time for the show to begin.
And what a show it will be: Political theatre designed to reduce what is left of Wall Street entirely to an adjunct of Washington, DC.
In the process it will accomplish what Alexander Hamilton long dreamed of doing 250 years ago: Reconfigure the Republic and turn it into a version of European nation-states.
After these new hearings take place, George Orwell's famous phrase will be fully operative: "If you want a picture of the future, imagine a boot stomping on a human face – forever."
This unpleasant sentiment has been the goal of certain individuals; but the proximate reality has drawn considerably closer in the past years now, ever since the disastrous economic collapse of 2008.
You ask why this is so. Why is it bad to have a Congressional Hearing to punish Wall Street and "throw the crooks in jail"? That's not the REAL reason for these upcoming hearings.
The real reason is to kill the last vestiges of the capital-raising mechanism in the US. Kill it. Kill it dead. After these new hearings take place, the ability for average people to raise capital – already doubtful – will be improbable indeed.
The other thing these hearings will attempt to do is to provide legitimacy for the current US political system and the penal-industrial complex. Over and over certain people complain that the "crooks" have not yet gone to jail.
But to put the "crooks in jail" will utilize the entire illegitimate structure of US power including the entirely corrupt US Congress, increasingly authoritarian law enforcement and murderous penal facilities themselves. The powers-that-be intend to capitalize on the righteous anger of US citizens to prop up the horrid system of US jurisprudence and Congress itself that only has about a 10 percent approval rating currently with the larger public.
This is only a secondary point, however. The primary goal is even more malicious. The power elite intends to make damn sure that if people make money in the future, it won't be via formal capital raising mechanisms.
The US has always been a nightmare for the elites that intend to run the world (and apparently control the world's central banks). One of the worst parts of the US system from a its standpoint is that average people have the capacity to make money. This isn't really the case in Europe where capital is doled out like royal titles: One needs, mostly, to be "connected" to get it.
But in the US even impoverished social misfits with a bright idea could raise money and build a business, even a big businesses. The power elite that now controls both money and media around the world has always found this to be unacceptable. First "they" helped create a formal "constitutional republic" and then with the advent of the Civil War, they helped destroy it.
They launched their apparent agent JP Morgan to control the wealth of the US and to create a series of phony crashes when he was fully empowered. The crash of 1907, which Morgan supposedly cured, seems to have been his creation as well.
It led directly to the Federal Reserve act and launched a century long inflation that has now devalued the dollar by about 99 percent. It is this monopoly central banking that has led to the current recessionary depression as well. The US is a hollowed-out economy. This was apparently the plan. The US and its republican culture stood in the way of world government.
On the way to the current disasters, regulatory democracy has taken root throughout the Western world. Regulatory democracy is supposedly the result of "market failures."
The biggest market failure that gave rise to regulations the way Helen of Troy's face supposedly launched a thousand ships, was the Crash of 1929 and the subsequent Depression. The putative result of these events was the so-called Pecora Hearings. And now the US is gearing up for another one.
We've been writing about this since last year. In fact, we were reporting on it as a dominant social theme long before there came "news" that a Pecora Hearing committee was forming in the bowels of Congress. Boy, were we surprised ... not. You can see one of our articles here: The Real Reason Bloomberg Sued to Open Up Fed Records?
Here at the Daily Bell, we observe the dominant social themes of the elite. We noticed that The Occupy Wall Street movement, funded ultimately by George Soros, seemed to spend an inordinate amount of time blaming Wall Street for the woes of the world. We even believe we know who is going to HEAD the committee. (Perhaps we're only "blowing bubbles," pretty bubbles, etc. ...) Just the other day, March 9, in the American Reporter, we see the following:
We are overdue for an accountability moment for the American financial industry. Fraud on a scale unimaginable has been committed, and the hard-earned savings of countless Americans has been looted, yet so far, only Madoff has taken the fall.
A bipartisan congressional panel armed with subpoena power is being formed to investigate causes of the Wall Street meltdown. The 10-member Financial Crisis Inquiry Commission (FCIC) will study how fraud, regulatory lapses, monetary policy, accounting, lending practices and executive pay contributed to the worst global financial crisis since the Great Depression.
The FCIC is modeled after the Pecora Commission, a U.S. Senate panel formed in the early 1930s that investigated the causes of the 1929 Wall Street crash. Those hearings, led by Ferdinand Pecora, produced the facts and momentum for the major New Deal financial reforms.
We need a Pecora-style investigation that will name names, ask tough questions and seek remedies. What we don't need is for the FCIC to be another version of the 9/11 Commission, a panel that was never allowed to fully and completely investigate all the lapses that led to the Sept. 11, 2001, terror attacks.
This is what we call an elite dominant social theme, folks. You got "yours" good and hard. And now it's time for Wall Street to pay.
The initial Pecora Hearings, run by Ferdinand Pecora, took place in the 1930s under Franklin Delano Roosevelt and resulted in the Wall Street we have today. In fact, the Pecora Hearings were based on farce and developed via fallacy.
The farcical part was that the Roaring Twenties and subsequent depression were the fault of Wall Street. Today, of course, historical fact points to illegal Federal Reserve inflation.
The Fed printed much more money than it had the right to print in the 20s and then after the crash, FDR deliberately covered up the crime by declaring bank holidays so that people would never cash in their paper receipts for gold.
When this didn't prove effective, FDR confiscated gold to make sure the banks, under the thumb of the newly founded Fed, would never have to redeem a penny. Thus we can see from the 1930s on, the Fed and the US government acted as a kind of criminal syndicate. This is forbidden history. It has only emerged popularly in the past decade, thanks to the Internet.
Today, thanks to free-market Austrian thinkers such as Ludwig von Mises, we know that the business cycle itself was responsible for the 1929 Crash and Great Depression. First, the Fed printed too much money and made everyone feel rich. Then, when the hot money circulated like sugar fueling a diabetic stroke, came the dreaded bust.
As a result, the Pecora Hearings were developed. The blame for the Crash and Great Depression were pinned on Wall Street and a bouquet of faux regulatory blossoms were cultivated: The SEC was formed, the NASD was created and outfits like the New York Stock Exchange were dubbed "self regulatory organizations."
The "public" stock market was invented, too. People tend to think there is a distinction between a private and public stock market but like so many other things in life, it is merely a regulatory distinction.
Let's not forget Glass-Steagall, as well. The idea of all of these nonsensical regulatory endeavors was to blame the crime of Federal Reserve monetary inflation on Wall Street chicanery. And now it is happening again. Goldman Sachs is being targeted for just this reason, in our view.
Of course, Wall Street DESERVES to be targeted. It is a shadow of a free-market facility, merely an adjunct of the power elite at this point. But it is not the MAIN MECHANISM of the coming authoritarianism. The main tools are monopoly-fiat central banking and government regulation.
The power elite flourishes via mercantilism. It created the Fed to be perceived as a PUBLIC facility and the Fed derives its authority from its PUBLIC brief. Government is not merely a helper in this regard, it is the prime enabler. Without enabling government regulation, the Fed would not exist; its credibility would not be buttressed.
The game is always ... blame Wall Street. We have no affection for modern Wall Street of its crookedness, but we can see an elitist meme as well as anyone. At this point Wall Street is hardly a private entity in aggregate. It, too, is a quasi-public facility with all the attendant market failure.
Were Wall Street actually PRIVATE – and run by the Invisible Hand – we'd be bigger boosters. But Wall Street's ruin and rapine is a direct result of the regulatory regime under which it is now "run." And the game, of course, is to pile up regulation on regulation until the banking mechanisms of the country are entirely dysfunctional and run out of Washington (at the behest of the elites running the shadow government).
We are therefore a bit ... suspicious of this executive director Greg Smith who quit Goldman in an open letter in the New York Times. He blasted Goldman Sachs and its unethical behavior. And the New York Times, a prime mouthpiece of the elite, was happy to report and report ... and report ... on it.
Our elves made a tiny bet among themselves that a Rhodes Scholarship (a sign of elite influence) lurked in Smith's background. We went looking and this is what we found, courtesy of an article in the UK Daily Mail:
... [Stanford University] confirmed he was given a scholarship but was not able to disclose how much it was for. After graduating, he applied for the prestigious Rhodes Scholarship which counts Chelsea Clinton among its alumni and would have allowed him to study at Oxford University in England for a year.
Smith was one of 10 finalists but only four got a place - and he missed out. A person familiar with the Rhodes application process said: 'If he got that far academically he was brilliant. 'It is not usual for people in such a position to take a job with a company like Goldman Sachs for a year or so between university and going on the Rhodes scholarship. Firms like Goldman seek them out as they are the best.'
Despite his successful career, in his letter Mr Smith said the 'proudest moments in his life' were getting the Stanford scholarship, being selected as a Rhodes Scholar national finalist and winning a bronze medal for table tennis at the Maccabiah Games in Israel, known as the Jewish Olympics. He said that was because those achievements 'came through hard work, with no short cuts.'
We're not as enamored of Rhodes Scholarships as is Mr. Smith. The Rhodes Scholarships come out of Oxford that, like Harvard, train and create the academic stormtroopers of the elite. Here's William Jasper on the characteristics that Cecil Rhodes valued for Rhodes Scholars:
"What are the characteristics that the Rhodes scholarship selection committees were to look for in candidates and nurture in their scholars? According to Rhodes' own criteria ... the traits most desired were(and are) "smugness, brutality, unctuous rectitude, and tact." ... According to Rhodes' co-conspirator Stead, it was expected that by 1920 there would be"between two and three thousand men in the prime of life scattered all over the world, each of whom, moreover, would have been specially - mathematically - selected toward the Founder's purposes."
Conclusion: We shall close with an observation that appeared in our previous article on what is manifestly planned for the US: "So ... remember this, please, as you listen to whatever Congress may muster after the next presidential elections (or even before). In the world of power and money, there is NOTHING that is as it seems. Countries NEVER go to war for stated reasons. Laws are NEVER passed for the reasons that are given. Regulations are NEVER propounded to "protect" the individual, but only to advantage the most powerful – the ones who can make the rules."
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Posted by Danny B on 03/18/12 11:53 AM
GS has been in trouble for a while.
Click to view link
They shafted a lot of investors and, word gets around. They were so thinly capitalized that it didn't take much to take out profitability.
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Posted by Danny B on 03/17/12 08:25 PM
This is interesting info on the "resignations". It appears that they spiked in Jan. 2011.
Click to view link
This site seems to assign resignations by area.
Click to view link
It is interesting.
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Posted by LloydMiller on 03/17/12 05:33 PM
I don't claim to know exactly who is doing what right now, but my impression is that Goldman Sachs is more in the driver's seat than other of the major investment banking houses. Goldman Sachs put their man in as Bush's Treasury Secretary and carries on similar influence under Obama. Goldman Sachs was a major in attempting to get the market in phoney "carbon credits" going via Al Gore under both Bush and Obama. . . Morgan is no doubt up to something, but no like yesteryear. I don't really understand thier merger with Chase. . . if I recall correctly, Chase was having problems.
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Posted by immigrant_entrepreneur on 03/17/12 03:05 PM
Reply from The Daily Bell
Wow. It really is impossible to discuss these things with you. What do you think Wall Street is? A physical destination in New York? No, it is a global capital raising facility that one can characterize as the MONEY BUSINESS. Where do you think the people came from who run these incubators of yours and invest in them? Are they farmers? Shop owners? No, chances are they are people who work in the MONEY BUSINESS or at least have exposure to it. They work "on Wall Street." And after these new Pecora hearings, they will likely be affected as well, just like everyone else."
I will dispute this as well with examples I've observed. You're going to tell me that a local businessman who sells his business, let's say he's got 5 franchising operations, and he sells it for a total of 3 million dollars. He's got to deploy that money from the sale, which he sold to another larger franchisee. He takes that 3 million, and divides it into 1 million each, heads to a local incubator, or networks with other startup companies, and deploys each million into each company he thinks has a real shot.
Where does Wall Street play into this? This happens everyday. Look in a business forsale section of a newspaper and talk to the business owners. A global money business, probably 8 to 9 times out of 10, does NOT invest into new startups, or even medium level startups.
And if you're saying that it's impossible to discuss things with me, than apparently I've struck a nerve with my argument against your article! Perhaps you need to spend some more time actually, I don't know, talking to entrepreneurs? Or actually being an entrepreneur?
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Posted by immigrant_entrepreneur on 03/17/12 12:40 PM
" Reply from The Daily Bell
Glad you stopped by to read a single article. If you bothered to read more than one, you'd know we have often advanced the idea that most capital is raised via family and friends and many successful businesses are founded on the proverbial shoestring. We didn't feel like restating what we've stated many times before.
On the other hand, Wall Street and its related environs - including local broker dealers via private financings - can provide additional capital to businesses and offer adjunct financing that can buttress what the entrepreneur himself is able to accomplish.
In main, Wall Street is a power elite scam. But go back 125 years, and it was less so. And even today, it has its "moments" when it actually provides capital at reasonable terms to those who may need it. Not often, but sometimes.
After these next Pecora hearings, if and when they occur, whatever is left of formal financing will be rendered virtually useless. And that's likely the plan"
I also disagree with this assessment. Go to any Business/Technology/Startup Incubator, or go to any startup/entrepreneurship networking event, and you'll find that formal channels for capital are still rarely used. There are many many options for entrepreneurs. If your sole purpose in life is to go for an IPO, which is generally a red flag for most investors these days, expecially after the lessons learned from the tech bubble, then I agree with you, those formal channels are probably the only way to go.
But if you intend to maintain a private company, and develop solid, real cash flow and positive balances, there's no need for that kind of channel. People will always want to deploy their money in the most practical manner possible. I don't see that ever going away. Heck, they'll even go black market if necessary. This has happened throughout history.
Every state or city has a business/entrepreneurship incubator, I've been to a few. You won't ever find a Wall Street type prowling the halls for good ideas to invest into simply because those types in general are never into long term investments. You will find independent investors prowling the halls for good ideas to invest into. So no, I completely disagree with your assessment. Like I said, if you want to see my point, go to any networking event involving startups in your city or nearby locale, and visit any Business/startup incubator and just talk to people. It's that easy.
Reply from The Daily Bell
Wow. It really is impossible to discuss these things with you. What do you think Wall Street is? A physical destination in New York? No, it is a global capital raising facility that one can characterize as the MONEY BUSINESS. Where do you think the people came from who run these incubators of yours and invest in them? Are they farmers? Shop owners? No, chances are they are people who work in the MONEY BUSINESS or at least have exposure to it. They work "on Wall Street." And after these new Pecora hearings, they will likely be affected as well, just like everyone else.
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Posted by Trimergo on 03/17/12 10:50 AM
@ DB:
I was just made aware of the existence of this video:
Click to view link
Have you seen it yet? I have no idea where it comes from, or what the truth factor is. I dit find it interesting to say the least. Its message might fit into your story.
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Posted by Hoss on 03/17/12 08:10 AM
Valid point about starting a business. Way overboard on the criticism, though. They do funnel a lot of money through these 'formal' channels. So 'someone' must be using them. (Most of us will never qualify, and wouldn't let them come near us anyway.)
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Posted by immigrant_entrepreneur on 03/17/12 02:42 AM
Your article is incredibly flawed and these are my issues with the article. I'm an entrepreneur, and a capitalist in the traditional sense. I also have another buddy who recently created a startup company. My younger brother is an entrepreneur with several successful franchises. And none of us went through that article's premise, which is in using "formal" capital raising mechanisms to start new businesses.
The premise of the article is that the Goldman Sach's outing is to "attack" the formal capital raising mechanisms for businesses in the USA. I couldn't help but LOL when I read that, because I lived through the tech boom. Remember that? Back in the late 1990's? Remember the term IPO? Do you remember how every, and I mean EVERY single IPO that was sponsored by Goldman Sach's turned out to be the biggest pump and dump scam/sham ever perpetrated on the business world? Let's keep that memory in mind, shall we? I'm about to school you in basic business and entrepreneurship.
To prove my point that "formal " capital raising mechanisms is the LEAST used method of raising capital, go to any business section of any public library of any town or city, and look up ANY book on entrepreneurship on how to start a business. In every single book, there's a section called "Friends and Family."
That's right. When it comes to raising capital for any business, pretty much EVERY book discusses talking and selling your business plan to who? Friends and Family. Not the banks, not Goldman Sach's, not Venture Capitalists (Who, where we come from, we call them VULTURE CAPITALISTS.), and not Angel Investors, hell, not even State and Federal grants. The FIRST resource every book discusses to tackle, is selling your idea to your Family and your friends. This is hardly what I would call formal capital. Most businesses in the US get started in this fashion, and especially when you talk to immigrant entrepreneurs. I know this from observing my own family and the numerous businesses that they've started up.
Formal capital raising, as in through Goldman Sach's, if you hang around startup entrepreneur circles like I do, (go to any startup networking event and talk to the founders!) is usually seen as a no go, a last ditch resort if you really want to lose your company, or as a bad gamble to maybe sell your company off, which means that the entrepreneur is not in it for the long haul, and that puts the startup in serious doubt as to quality and capability.
The only way the "elite" can eliminate an individual's ability to raise capital to start a business is to wipe out the entire population of the US, cause we all have Family and friends. I say, good luck to that! So on a practical approach, and even in its central thesis, this article is incredibly flawed. If you don't believe me, try this as an experiment. Talk to your family and friends, and ask them, if you have a good idea, with a good business plan, and you've got your market understood, did your homework, would they be willing to invest their savings in you depending on how you structure their return? If you get even one yes, you've already disproven the central thesis of the article. And if you got nothing but no's, then you've either got broke family and friends, or you need to work on sales skills.
The second issue I have with that article, is whoever wrote it, like I said, doesn't have practical entrepreneurship experience. If they think that the only mode of raising capital is through Wall Street, which it most definitely is NOT, then they're actively ignoring 100% of American small businesses, which are still the backbone of our economy. Another way you can prove my point is go talk to ANY small business in your neighborhood, and ask them how they got their funding, and if they got a loan from a bank. I will bet you that 9 times out of 10, not a single business managed to get a bank loan, and that those 9 out of 10, again, got it through family and friends, or via bootstrapping.
Anyway, that's my take on this article. I think whoever wrote it, is either incredibly ignorant to entrepreneurship and basic business skills, dumb, or in a conspiratorial point of view, reactionist to the point of irrational paranoia.
Reply from The Daily Bell
Glad you stopped by to read a single article. If you bothered to read more than one, you'd know we have often advanced the idea that most capital is raised via family and friends and many successful businesses are founded on the proverbial shoestring. We didn't feel like restating what we've stated many times before.
On the other hand, Wall Street and its related environs - including local broker dealers via private financings - can provide additional capital to businesses and offer adjunct financing that can buttress what the entrepreneur himself is able to accomplish.
In main, Wall Street is a power elite scam. But go back 125 years, and it was less so. And even today, it has its "moments" when it actually provides capital at reasonable terms to those who may need it. Not often, but sometimes.
After these next Pecora hearings, if and when they occur, whatever is left of formal financing will be rendered virtually useless. And that's likely the plan.
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Posted by Danny B on 03/16/12 11:05 AM
There are different power groups that have different priorities. I believe that various successes and failures in the programs of different groups are lumped together by people searching for a common thread. This brings a lot of confusion because we don't have a play-card showing the various competitors and their successes and failures.
It appears that the Eurozone project was set up for failure by some group at some level. It appears that the banking and economic system was set up for collapse by some group. THAT was an easy job. Just kill regulatory oversight and natural greed would do the rest. The bankers probably didn't consciously intend to crash the whole system. Did the BIS and / or the FED or IMF set the stage? Are these 3 groups in agreement or competition?
If the BIS, FED and IMF are working together, who is pulling their strings?
Goldman Sachs seems a bit large for a sacrificial lamb,,,,, maybe a sacrificial brontosaurus. One wonders if this shows an increasing loss of control.
The whistleblowers comment about PM manipulation is another odd story. This is a very risky move if it is from the PTB. It risks a collapse of the paper gold market.
At the same time, There are indications that U.S. Treasuries are ready to crash. If the PTB want a worldwide crash, they are making some serious moves.
I believe that we see various players at each level making moves to survive. Then, we see a few players making moves to destroy. Presumably,there is some top player making moves to "unify" the world's various systems. There is a strong possibility that the player(s) who wants global population reduction is in competition with the "unify" players.
One would suspect that GS is just another pawn to the top puppeteer. BUT, no chessboard has just one player.
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Posted by dkressnpv on 03/16/12 09:00 AM
March 14, 2012
A Response from Goldman Sachs
From Chairman Lloyd Blankfein
NEW YORK (The Borowitz Report) - The following letter to Goldman Sachs' worldwide clients was issued today by Goldman Sachs CEO Lloyd Blankfein:
Dear Goldman Client:
By now, many of you have probably read the regrettable resignation letter published in today's New York Times by former Goldman executive Greg Smith, explaining why he is leaving the firm after twelve years.
In the letter, in which he excoriates Goldman and his practices, Mr. Smith comes across as a man of conscience, ideals, and high moral standards. And as you read his words, you no doubt asked yourself this troubling question: how could Goldman have hired such a person?
At Goldman, we pride ourselves on our ability to scour the world's universities and business schools for the finest sociopaths money will buy. Once in our internship program, these youths are subjected to rigorous evaluations to root out even the slightest evidence of a soul. But, as the case of Mr. Smith shows, even the most time-tested system for detecting shreds of humanity can blow a gasket now and then. For that, we can only offer you our deepest apology and the reassurance that one good apple won't spoil the whole bunch.
As to those of you who were serviced by Mr. Smith, it's understandable that you would be concerned about who will be taking his place going forward. On that front, I have some exciting news: today, Goldman is pleased to announce that our new executive director and head of the United States equity derivatives business in Europe, the Middle East and Africa will be Mr. Joseph Kony. For those unfamiliar with Mr. Kony's resume, let me assure you that he has the character and moral standards you have come to expect from Goldman, and like the rest of us here at the bank, he has dedicated his life to doing the Lord's work.
Sincerely,
Lloyd Blankfein
CEO, Goldman Sachs
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Posted by the_IRF on 03/15/12 11:06 PM
Cogent and most Excellent article. Thank you.
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Posted by Gregor on 03/15/12 09:08 PM
Rhodes, conquistador homosexual, typical of the political breed, just
Click to view link
Click to view link
Click to view link
West attaches Rape of Africa meme to "crazy fundamentalist imperialist cultural missionary genocide" etc. Yet, Mr. Wet Dream Napoleon Complex Rainbow Rhodes gets out of jail free on doublethink, as "great man of history" leaving a "legacy" for youth.
Western heroes make me laugh!
Diamonds remain needlessly expensive cartel product a century later ("legacy"), while desperate, starving, dirt-digging Africans enjoy the meme, "blood diamond traders," (more "legacy") unlike pure Mr. Rhodes, who never shed a drop...
Western hypocrisy! These Greatness memes last centuries with proper CFR/RIIA management. You dolts!
The Power-Elites, so good at rearranged history and memory holes, as Orwell said, who knew, ex Fabian insider, whom they tried to kill. He spent final years paranoid, watching for assassins on every boat landing near his island hut.
As for Goldman, Power-Elites gave aw-shucks goodfella treatment to CEO, a former tax lawyer inventing escape loopholes for rich clients.
Click to view link
That puff piece amuses: Mr. Aw-shucks just happens to get lucky, find a place on high, as if by magic, no evil required, almost no competition! Sure I believe it! My IQ fails 3 digits and I watch TV.
GS connects to Facebook, just
Click to view link
Even MSM covers GS sleaze,
Click to view link
The GS boyz think (as Rhodes, or all psychos), this is how "betters" of social dog heaps "make it" to the top by clawing/biting/chewing/raping everyone else.
Hence, Rhodes desired ruthless quality.
Of course D.C. and G.S. are in bed. Wall St. and D.C. have always copulated. There is no free market, only cartel capitalism with regulation as barrier to entry. Remember, competition is a sin.
Americans, ever wondered how CFR press keeps your greenies protesting new petrol refineries, not one built in decades now, for years of official red tape, even to try? Envionrmental regs give oil cartel "politically correct" protection. Bought-and-paid Sierra Clubbers never talk of military chemtrails toxifying pristine snow slopes of Mt. Shasta. Only petrol refineries matter!
So yes it's good cop / bad cop, D.C. / Wall St. Always progressives fall for the good cop routines. Even way back in 1913 when Progressive Woodrow Wilson signed the Fed scam which began to "regulate" the economy in the "public" interest... and make the Rothschilds their evil trillions, a new American slavery on debt instrumets.
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Posted by Hoss on 03/15/12 08:11 PM
That first link is very interesting, thank you.
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Posted by whatevertrevor on 03/15/12 07:15 PM
"What is strange is that if you look Blackheath up on Wikileaks, you see he's still alive, but when you look at the cached version, it says he died Feb. 29 of an "acute heart failure while riding the GT Western into Newbury.""
It could be that he was "heart attacked" and then replaced by his double. I don't know who the double works for though.
This is supposed to be very common practice amongst world politicians and bankers especially in the US. "Hilary Clinton" was seen in two different places only 15 minutes apart but WAY more than 15 minutes drive apart and in different hairstyle and clothing.
We get fooled by what we see all the time.
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Posted by venkat on 03/15/12 07:01 PM
And to add - they are springing the madam before the street can do another eliot spitzer, however much porn country it is - there is still audience to shame people. And when Pecora like specter unravels the charges will be straight and different from the trivial charges used to lock up folks. And the elephant in the room are the derivative books, and the global economy and Russia, China, Europe, BRICS, Middle East are also putting pressure for the ridicule they have taken from USA for their ideologies that were failed. If Greece and PIIGS sovereign debt is bad just because they cannot print, how much is USA innovation worth so that $ printing does not count for fathom less USA debt? And the issue around Iran will bring up the question of $ pricing for oil, which is a key root of the imbalances.
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Posted by venkat on 03/15/12 06:37 PM
It is as clear as day now. It is time for the sacrificial lamb offerings. When the dotcom bubble burst, they sacrificed a few analysts, and Andersen, Enron, Worldcom to start with. This time Bear, Lehman, Wamu, Country wide, Indymac, Wachovia, Merrill and many other names fell because of counter party or market actions and not because of any court action. And with the collapse seen at a global level, and with people not letting go and baying for blood, they hope they will save the $ by sacrificing wall street. Therefore Goldman will be in the dock before the elections otherwise Michelle will not be able to ready Obama in the morning and send him out to give his speeches, just see the recent Arianna Huffington story to see how naked the emperor proxy would feel to step out. Also in the 1930's they went after Insull the main street guy and Mellon the treasury secretary. If the baying does not stop and they have to sacrifice a bureaucrat/politician/wall st guy, they may even throw in Timgy.
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Posted by johnblenkins on 03/15/12 06:30 PM
All good publicity if your not the Goldan Sucks
Political Puppets Obama/ Romney.
"We rip off clients to get you elected"
JPM. must be funding Santorum, Via the Vatican.
Rumor JPM eyeing Popes alter silver to cover
Blyth's Short position.
All in all a good day for Silverbugs and Ron Paul fans.
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Posted by taxesbyanyothername on 03/15/12 06:28 PM
Seems TPTB are not only manipulating us for continued power, but also sowing confusion just for amusement . I've yet to come up with anything useful rather than just pure speculation by pondering the resignations, yet it does seem to indicate something phunny Phil.
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Posted by concernedforfreedoms on 03/15/12 05:47 PM
Here's the link to the rats. Click to view link
Unsure if a hoax, I personally verified the links/stories on the first 102 back a week or so ago when that's all there was. Most were "out" between now and May.
The White Dragon Society is taking credit. They say they gave the elitists until March 31st.
Click to view link
Click to view link
Lord James of Blackheath speaking to Parliament in 2010. Click to view link
What is strange is that if you look Blackheath up on Wikileaks, you see he's still alive, but when you look at the cached version, it says he died Feb. 29 of an "acute heart failure while riding the GT Western into Newbury."
Click to view link The owner of IP address that modified it is from S.C.
Is this another elitist meme? Only time will tell. It's interesting to say the least.
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Posted by Don from the Republic of Lakotah on 03/15/12 04:49 PM
It's my understanding that the nominally Christian JP Morgan's derivative sins are four times greater than those of the nominally Jewish Goldman Sach's. Yet Matt Tabbi et al elusively flog Goldman Sachs whilst turning a blind eye to JP Morgan.
It seems that Tabbi's Zionist archetype may be getting a makeover.
Organization(s): JPMorgan Chase
Comment Text: ... On a side note, I do not work directly with accounts that would have been directly impacted by the MF Global fiasco but I have heard through other colleagues that [JPMorgan Chase] have involvement in the hiding of client assets from MF Global. This is another fraudulent effort on [JPMorgan Chase's] part and constitutes theft. I urge you to forward that part of the investigation on to the respective authorities. ...
Click to view link
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