Does Goldman Sach really rule the world?

The Daily Beast ^ | 10.89.2008 | Will Cohen

[wolfcreek]

Some myths refuse to die—like the one brewing now about Goldman Sachs pulling strings in the market meltdown and bailout. Here’s why.

[wolfcreek]

Conspiracy? What conspiracy?

[scooby321]

Paulson

Rot Rubin

Jon Corzine

Current CEO attended New York Fed meeting while Goldman had 20 Billion expouse to AIG

Warren Buffet rescues Goldman ( no Government control)

[wolfcreek]

My appologies to the author. Should be William Cohan

[wolfcreek]

Ping your list please.

[Travis McGee]

"The logic of the conspiracy theorists in this regard is, of course, impeccable: Goldman alumnus Josh Bolten runs the White House, while his former boss, Hank Paulson, runs the Treasury. They both speak regularly to former Treasury Secretary Bob Rubin, now over at Citigroup, who ran Goldman before Paulson and who keeps Paulson and Bolton dangling like puppets on a string. They all supposedly touch base with the heads of the Italian and Canadian central banks—both Goldman alumni—and with Robert Zoellick, head of the World Bank, ex Goldman. What's more Paulson is now getting his advice on how to handle the crisis from Ken Wilson, the recently retired Goldman partner and financial-institutions M&A banker, who Paulson just recruited to Washington to help him out. Already at Treasury were Goldman alumni Dan Jester, Anthony Ryan, David Nason and Bob Hoyt, the department's general counsel. And—the conspiracy crowd can't help but point out—Neel Kashkari, 35, a former vice-president at Goldman who Paulson recruited as assistant secretary of international affairs in 2006, has just been appointed—by Paulson—to run, on an interim basis, the new $700 billion bailout fund."

Where is Old Hickory when we need him?

“Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.”

~~President Andrew Jackson

[arthurus]

Does Goldman Sach really rule the world?

No. Henry Paulson has been given that job.

[palmer]

That’s about the most poorly written article I have read in a while: a bunch of innuendo repeated and dismissed without comment. Sure the innuendo is mostly innuendo and any conspiracy was probably had mostly neutral intentions.. But the fact remains that GS and their allies were ground zero for creation of leverage and systemic risk. Perhaps some hedge funds would qualify as well and we shouldn’t forget their commercial bank enablers. At the very center of course is Greenspan’s low rates and encouragement of creative leverage.

[drpix]

"Paulson

Rot Rubin

Jon Corzine.."

Don't forget other Goldman Sachs operatives, Robert Zoellick the Pres. of the World Bank OR the man Paulson named to oversee the $700 billion taxpayer giveaway, Neel Kashkari. (No pun intended.)

[kcm.org]

George Soros--Satan
Warren Buffett--antiChrist
t-Boob Pickens--False Prophet

[djsherin]

ping

[Thermalseeker]

"The logic of the conspiracy theorists in this regard is..."

Wow. GS infestation......

[djsherin]

Ah Jackson. Refreshing in this day and age.

[wolfcreek]

“Don’t forget other Goldman Sachs operatives”

Don’t forget most of these individuals are member of the Council on Foreign Relations. (originally formed by the Elitist banking families of Europe who still have major shareholdings in the Fed reserve and member banks)

[litehaus]

(originally formed by the Elitist banking families of Europe who still have major shareholdings in the Fed reserve and member banks)

.

Oh come now,,,You don't believe those conspiracy things,,,Do Ya?

Recall when our son went over there (Europe) and I told him he'd see palaces that the Rockefellers couldn't afford the furnishings found in them..He thought I was kidding....

[AndyJackson]

There you go with that guilt by association thing again.

[AndyJackson]

Even if you have the nicest house on the block, if the block is burning down that is of little importance.

And when you put another Goldman alum in charge of the $700B bailout bonanza fund, you can be sure that the firemen are going to save your house first.

[Toddsterpatriot]

Does Goldman Sach really rule the world?

For sure. That's why Jack Ryan, former Goldman partner, easily defeated Obama in 2004 in a race for the US Senate.

[MamaTexan]

LOL!

I have to admit my admiration for Jackson.

He was a hellava President!