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Simon Johnson: Goldman Is About To Be Blacklisted And Possibly Banned In Europe
http://www.businessinsider.com/simon-johnson-goldman-is-about-to-be-blacklisted-and-possibly-banned-in-europe-2010-2 ^

Posted on 02/15/2010 2:50:09 PM PST by blam

Simon Johnson: Goldman Is About To Be Blacklisted And Possibly Banned In Europe

Joe Weisenthal
Feb. 15, 2010, 6:45 AM

MIT professor Simon Johnson raises some provocative scenarios in regards to Goldman's participation in Greece's scheme to obfuscate its debt levels.

In particular, he expects a full audit of the company, and perhaps some kind of ban:

If the Federal Reserve were an effective supervisor, it would have the political will sufficient to determine that Goldman Sachs has not been acting in accordance with its banking license. But any meaningful action from this direction seems unlikely.

Instead, Goldman will probably be blacklisted from working with eurozone governments for the foreseeable future; as was the case with Salomon Brothers 20 years ago, Goldman may be on its way to be banned from some government securities markets altogether.
If it is to be allowed back into this arena, it will have to address the inherent conflicts of interest between advising a government on how to put (deceptive levels of) lipstick on a pig and cajoling investors into buying livestock at inflated prices.

[snip]

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: bubblemafia; eu; euro; europe; eurozone; goldman; goldmansachs; greece; pigs; wallstreet; wallstreetcrooks
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1 posted on 02/15/2010 2:50:09 PM PST by blam
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To: blam
"Goldman will probably be blacklisted from working with eurozone governments"...

Goldman Sachs is a criminal enterprise... but one of Obama's favorites....

2 posted on 02/15/2010 2:53:19 PM PST by Sleeping Freeper
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To: blam

They Greeced the wrong palms!


3 posted on 02/15/2010 2:53:51 PM PST by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: blam

I suppose I’m really reaching, but this seems momentous. It reminds me of the bankruptcy of Lehman Brothers. A sign that a great financial power was, in fact, rotten and hollow.


4 posted on 02/15/2010 2:54:38 PM PST by ClearCase_guy (I was born in America, but now I live in Declinistan.)
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To: Sleeping Freeper

Wolfram and hart.


5 posted on 02/15/2010 2:54:50 PM PST by gussiefinknottle (woof!woof!woof!)
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To: blam

That will have knock on effects in every arena if that happens.


6 posted on 02/15/2010 2:55:45 PM PST by sunmars
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To: blam

I would love to see Goldman Sachs go under and all the management put in chains for life.


7 posted on 02/15/2010 2:56:30 PM PST by ConservativeMind (Hypocrisy: "Animal rightists" who eat meat & pen up pets while accusing hog farmers of cruelty.)
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To: gussiefinknottle

hehe, I loved watching Angel but probably you are not far off the mark.


8 posted on 02/15/2010 2:56:48 PM PST by sunmars
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To: FromLori; onyx; CondoleezzaProtege; sonofstrangelove; Las Vegas Ron; JustPiper; ...

o.m.g. *ping*


9 posted on 02/15/2010 3:00:53 PM PST by hennie pennie
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To: HiTech RedNeck

Or they palmed the wrong Greece!


10 posted on 02/15/2010 3:03:53 PM PST by 9YearLurker
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To: blam; TigerLikesRooster; dennisw; FromLori; rabscuttle385; ex-Texan
"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."

~~William Cohan, "Does Goldman Sachs Really Rule the World?" October 2008

11 posted on 02/15/2010 3:04:38 PM PST by Travis McGee (----www.EnemiesForeignAndDomestic.com----)
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To: blam

Hey, I predicted this on FR today! Another one I got right. Just wait until the “Operation Albatross” story I broke comes true.

parsy, the clearvoyeur, or whatever that word is


12 posted on 02/15/2010 3:05:36 PM PST by parsifal (Abatis: Rubbish in front of a fort, to prevent the rubbish outside from molesting the rubbish inside)
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To: HiTech RedNeck

Mega OUCH!

parsy, the envious


13 posted on 02/15/2010 3:06:20 PM PST by parsifal (Abatis: Rubbish in front of a fort, to prevent the rubbish outside from molesting the rubbish inside)
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To: Travis McGee

Robert Zoellick (Ex-Goldman) has been pimping free trade for decades. The scum of the earth on Wall Street have been pimping free trade for decades because they make big money off all the money flows and de-industrialization of America. They moved America to a degenerate and faggy WalMart economy of consumers because there was more money in it

The same Wall Street scum who crashed our financial system with derivatives have been killing off American production and industry for years because they made money doing it. If it was up to me they would be marched to the gallows


14 posted on 02/15/2010 3:17:50 PM PST by dennisw (It all comes 'round again --Fairport)
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To: hennie pennie

Goldman Sachs doesn’t own the EU, like they own Obama.


15 posted on 02/15/2010 3:19:21 PM PST by stephenjohnbanker (Support our troops, and vote out the RINOS)
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To: dennisw

They may yet be, if we can extradite them from the countries they own.


16 posted on 02/15/2010 3:20:19 PM PST by Travis McGee (----www.EnemiesForeignAndDomestic.com----)
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To: parsifal

Have you got a link to that Operation Albatross story?


17 posted on 02/15/2010 3:21:46 PM PST by Lurkina.n.Learnin (Waste and fraud are synonymous with gov't spending)
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To: stephenjohnbanker

Really? It was my impression that Goldman Sachs owns everything and everybody!!


18 posted on 02/15/2010 3:24:19 PM PST by hennie pennie
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To: hennie pennie

“Really? It was my impression that Goldman Sachs owns everything and everybody!!”

Not just yet ;-)


19 posted on 02/15/2010 3:25:39 PM PST by stephenjohnbanker (Support our troops, and vote out the RINOS)
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To: ConservativeMind

“I would love to see Goldman Sachs go under and all the management put in chains for life.”

Could not happen to a more deserving den of thieves!


20 posted on 02/15/2010 3:26:41 PM PST by flash2368
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