Posted on 10/19/2008 2:16:16 PM PDT by vadum
After Capital Research Center highlighted the incredible power that Goldman Sachs now wields and in the future will continue to wield in the U.S. government, today comes an article in the New York Times that says about the same thing in a more long-winded fashion.
The NYT article, "The Guys From ‘Government Sachs,’" by Julie Creswell and Ben White, provides a snapshot of the concerns that Goldman critics have:
They note that decisions that Mr. Paulson and other Goldman alumni make at Treasury directly affect the firm’s own fortunes. They also question why Goldman, which with other firms may have helped fuel the financial crisis through the use of exotic securities, has such a strong hand in trying to resolve the problem.It's good to know the New York Times has finally caught up to Capital Research Center.The very scale of the financial calamity and the historic government response to it have spawned a host of other questions about Goldman’s role.
Analysts wonder why Mr. Paulson hasn’t hired more individuals from other banks to limit the appearance that the Treasury Department has become a de facto Goldman division. Others ask whose interests Mr. Paulson and his coterie of former Goldman executives have in mind: those overseeing tottering financial services firms, or average homeowners squeezed by the crisis?
Still others question whether Goldman alumni leading the federal bailout have the breadth and depth of experience needed to tackle financial problems of such complexity — and whether Mr. Paulson has cast his net widely enough to ensure that innovative responses are pursued.
This weekend I was on CBS Evening News after I wrote, “Goldman Sachs Government,” which ran in the American Spectator Thursday. My article expanded on Fred Lucas’s profile of Goldman Sachs that ran in the October 2008 issue of Foundation Watch.
It’s just a matter of time before Paulson comes out with a bailout plan for those who lost in hedge funds.
The system needed to be liquid from wherever when clients come a knocking every quarter wanting what is left in their accounts back...
Goldman Sachs produced both Rubin and Corzine - uber-Dims - as well as Hank Paulson who gave us our September Surprise.
Paulson said it couldn’t wait a day, a week, certainly not a month longer. He needed $ 700 billion right now. (The roadmap of subprimes was getting too close to his sugardaddy, Goldman Sachs.)
If anything sinks McCain/Palin it will be Paulson’s September Surprise.
We rule the world
We rule the sheeple
We are the ones who make 8 digit pay
So let’s start taking.
(to the tune of ‘We are the World’)
Warren Buffett, Goldman investor, pressured Congress to do the bailout and currently advises the Marxist candidate for the presidency.
bump later
Certain big business’s always do well under socialist regimes and banana republics. Buffet and Goldman and Wells are now identified as benefactors. Invest cynically.
Warren Buffett is one bad mood away from being a James Bond villain. He could wake up on the wrong side of the bed one day and boom!
Don’t forget JPMChase and BofA as well. Their power has expanded exponentially during the current events.
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