Posted on 09/27/2008 6:22:15 AM PDT by zimfam007
Just wondering if anyone else smells a link b/w Goldman Sachs and the many people pushing this $700 billion dollar TAXPAYER bailout. Buffett offers his dire warnings re:the market and this bailout... but he just invested $5 billion into Goldman Sachs. It just seems EXTREMELY interesting to me that Paulson was the former CEO over at Goldman, the memo forwarded to Obama's team, regarding the House's Republican plan, before the meeting at the WH on Thursday afternoon came from a "reliable" sourse over at Goldman, Jim Johnson is on the board over at Goldman, Buffett is an advisor to the Obama camp and he just invested $5 billion into Goldman..... I do not know, but this really smells, um, "fishy" to me..... seems like all these people have A LOT more to gain from a $700 billion dollar tax payer bailout than they would with ANY OTHER plan. Sounds so similar to what happened to get us into this big mess in the first place... GREEDY people, trying to line their pockets at the expense of the American people, the American dream and the very foundation of this country.
Okay, well doesn’t this beg the question... how ‘above the board’ is this plan then.... looks like there are a lot of people tied to this bailout — with their hands DIRECTLY in the mixing bowl -— that stand to profit from the Paulson bailout at the expense of the taxpayer.... you know using their political position for their own personal gain.... I am not naive here, I know stuff like this happens all the time.... but on this scale, with so much riding on this BAILOUT, with the future of our financial markets.... is the end game to destroy the US as we know it???
That puts Paulson at the head of the line to profit.
See a pattern with these examples???
James Johnson; board member at Goldman Sachs, served as chairman and chief executive officer of the Federal National Mortgage Association (Fannie Mae),
Henry Paulson, U.S. Treasury Secretary Henry Paulson. The former Goldman Sachs Group Inc. CEO, who received about $111 million between 2003 and 2006
Robert K. Steel; current Wachovia CEO, retired from Goldman Sachs as a vice chairman Robert Steel and Under Secretary for Domestic Finance
Edward Liddy; resigned from Goldman Sachs Group Inc.’s board of directors after becoming chairman and chief executive of American International Group Inc., the insurance company rescued by the U.S. government last week.
John Thain; last chairman and chief executive officer of Merrill Lynch, held management positions at: the New York Stock Exchange (CEO), and Goldman Sachs (President, Chief Operating Officer, Chief Financial Officer). He amassed $300 million in Goldman stock
//
http://www.sec.gov/Archives/edgar/data/886982/000119312508049485/ddef14a.htm
2007 Summary Compensation Table (a)
Name and Principal
Position
Year Salary Bonus (b) Stock
Awards (c) Option
Awards (d) Change in
Pension
Value All Other
Compensation (e) Total (a)
Lloyd C. Blankfein
Chairman and Chief Executive Officer
2007 $ 600,000 $ 26,985,474 $ 25,913,753 $ 16,440,188 $ 780 $ 384,157 $ 70,324,352
Gary D. Cohn
President and Chief Operating Officer
2007 $ 600,000 $ 26,585,474 $ 28,771,546 $ 16,200,096 $ 45 $ 354,196 $ 72,511,357
Jon Winkelried
President and Chief Operating Officer
2007 $ 600,000 $ 26,585,474 $ 27,837,144 $ 16,200,096 $ 342 $ 232,370 $ 71,455,426
David A. Viniar
Chief Financial Officer
2007 $ 600,000 $ 22,585,474 $ 21,119,365 $ 13,800,195 $ 1,370 $ 360,732 $ 58,467,136
Edward C. Forst
Chief Administrative Officer
2007 $ 600,000 $ 17,185,474 $ 16,662,772 $ 10,560,176 $ 6 $ 4,050,154 $ 49,058,582
Some tidbits about Goldman Sachs to add for consideration:
http://blog.newyorkcitycommunity.us/2008/09/20/jon-corzine-and-hot-air—perfect-together.aspx
Jon Corzine and Hot Air - Perfect Together
Paulson is a former ceo of Goldman. This bailout is to further enslave Americans to banks and the ‘Federal’ reserve. There is nothing federal about the reserve.
http://www.foxnews.com/story/0,2933,197554,00.html
May 30, 2006
WASHINGTON — Wall Street powerhouse Goldman Sachs has a long list of alumni who have gone onto government service, and it looks like it’s about to give up one more of its protégés with the nomination of Chairman and CEO Henry M. Paulson Jr. to head the Treasury Department.
The move won’t be uncommon for Goldman Sachs employees. At least among its financial competitors, Goldman Sachs appears to be head and shoulders above the rest when it comes to putting former employees into the halls of government. For years, résumés around Washington have sported the company name, and those with the job experience have gone on to positions as Cabinet officials, agency analysts, advisory board members and even U.S. lawmakers.
(snip)
Observation:
Ref to post 25, since Goldman Sachs is the largest shareholder of the Chicago Climate Exchange, I just noticed Goldman Sachs has a number of new developments planned where there is proposed building of Transit Villages.
Transit Villages are part of the Clean Air Act And Clean Water Act.
As per the Acts: TRANSIT VILLAGES are a major solution to the serious and growing problems of peak oil and global warming by creating dense, walkable communities connected to a train line that greatly reduces the need for driving and the burning of fossil fuels.
About Transit Villages:
http://blog.newyorkcitycommunity.us/2008/01/11/ongoing-coverage-of-the-nj-toll-hike.aspx
http://blog.newyorkcitycommunity.us/2008/03/02/access-to-the-regions-core-and-transit-villages.aspx
(old marketing technique, give a headache, sell an aspirin)
All that Washington clout brings inevitable critics. Earlier this year, Fortune magazine aired a complaint from an anonymous Wall Street money manager who muttered darkly that Goldman’s stellar connections in the nation’s capital enabled it to weather the economic storm by feeding the firm information it wasn’t supposed to have. After all, the firm had net income of more than $11 billion in 2007, when most other firms were struggling mightily.
http://dyn.politico.com/printstory.cfm?uuid=6D5209B0-18FE-70B2-A86F4DBB1AD80D11
How Goldman Sachs took over the world
Whether it’s a credit crunch to fix or an Olympics to plan, the list ofGoldman Sachs alumni is sure to have a candidate
By Stephen Foley
Tuesday, 22 July 2008
EXCERPT
John Thornton
From his post as professor and director of global leadership at Tsinghua University in Beijing, the former Goldman Sachs co-chief operating officer John Thornton has become a highly-influential figure in the developing business and poltical inter-relations between the US and China. He was Goldman’s boss in Asia in the mid-Nineties and remains well connected in the East and the West.
Duncan Niederauer
Wall Streeters joked about a Goldman Sachs “takeover” of the New York Stock Exchange. Hank Paulson, the Goldman boss on the NYSE board, moved to oust the chairman, Dick Grasso, and recommended the then chief operating officer of Goldman, John Thain, as Mr Grasso’s replacement. Mr Thain modernised the exchange as demanded by Goldman, and Mr Thain’s old Goldman deputy, Duncan Niederauer, is in charge.
Jon Corzine
The former co-chief executive of Goldman went into full-time politics in 1999, having lost the internal power struggle that preceded the company’s stock-market flotation in 1999. He has been governor of New Jersey since 2006, having spent the previous six years in the US Senate. His 2000 Senate election campaign was then the most expensive ever in the US, and Corzine spent $62m of his own money.
Joshua Bolten
For five years until 1999, Mr Bolten served as director of legal affairs for Goldman based in London, effectively making him the bank’s chief lobbyist to the EU. The Republican lawyer aided George Bush’s 2000 election campaign, helped co-ordinate policy in the White House and has been the President’s chief of staff since 2006.
Paul Deighton
The man heading London’s planning for the 2012 Olympic Games, Paul Deighton amassed a fortune estimated at over £100m during his two decades at Goldman Sachs, where he had been one of its most powerful investment bankers.
Robert Rubin
A US Treasury secretary under Bill Clinton, Mr Rubin could once again emerge as a powerful figure in Washington if Barack Obama wins the presidency, since he has maintained his influence on Democrat politics. Mr Rubin reached the second-highest rung at Goldman, becoming co-chief operating officer before joining the US government in 1993.
Gavyn Davies
The ex-chairman of the BBC still has the ear of Gordon Brown, to whom he has been a good friend and informal adviser. He is married to the Prime Minister’s aide Sue Nye. Mr Davies spent 15 years as an economist at Goldman. He was commissioned to report on the future funding of the BBC by Mr Brown in 1999. Two years later, he was poached to chair it.
Jim Cramer
This former Goldman trader is, without question, the most influential stock pundit in the US. Hectoring and shouting his investment advice nightly on his CNBC show, Mad Money, he routinely moves share prices. His primal scream against the Federal Reserve (”They know nothing”) was a YouTube sensation last year, as the central bank refused to lower interest rates to ease the pain of the credit crisis on Wall Street.
Robert Zoellick
Goldman provided a lucrative home to Robert Zoellick, the neo-conservative Republican, between the time he quit as Condoleezza Rice’s deputy at the State Department in 2006 (having not secured the job he coveted as Treasury Secretary, when it went to Hank Paulson) and his appointment last year as head of the World Bank. At Goldman he had acted as head of international affairs, a kind of global ambassador and networker-in-chief.
Mario Draghi
The head of the Italian central bank is another example of the revolving door between Goldman and public service. Mr Draghi had been an academic economist, an executive at the World Bank and a director-general of the Italian treasury before joining Goldman as a partner in 2002. He is becoming a significant figure in the response to the credit crisis, chairing the financial stability forum of central banks, finance ministries and regulators.
Malcolm Turnbull
Treasurer for the opposition Liberal Party, Mr Turnbull is one of the fastest-rising politicians in Australia. He was the aggressive advocate who took on and beat the British Government in the Spycatcher trial of the former MI5 agent Peter Walker, but he then pursued a career in business and ran Goldman Australia from 1997 to 2001, before jumping in to politics to serve as environment minister under John Howard.
Hank Paulson
Cometh the hour, cometh the man. President George Bush must be delighted he lured a reluctant Hank Paulson away from his $38m-a-year job as Goldman Sachs chief executive in 2006, just in time to deal with the Wall Street crisis that has engulfed the entire US economy. The bird-watching enthusiast had been a surprising choice as Treasury secretary, since his environmentalism was at odds with much of Bush’s policy.
Maurice Strong should be in that list too. He is one of the people that put together the Asian Hedge Funds that went out through Goldman Sachs.
He is also the top wind bag in the Global Warming tirade.
Our economic system is free enterprise, the creation and marketing of goods and services. We call it the free market. The Left calls it Capitalism, the manipulation of money.
Are the Democrats Left or Right? Under the Democrats the government has become the largest manipulators of money. Combine the free market money system (banks, S&Ls, insurance companies, etc.) with the Wall Street and government manipulators of money and you have what we have today.
“Maurice Strong should be in that list too. He is one of the people that put together the Asian Hedge Funds that went out through Goldman Sachs.
He is also the top wind bag in the Global Warming tirade.”
http://www.canadafreepress.com/index.php/article/5216
George Soros, Maurice Strong and company redefine the Middleclass
By Judi McLeod Friday, September 26, 2008
EXCERPT
So how does UN Poster Boy Maurice Strong intend to harness America’s middleclass?
This is what Strong told a reporter back in 1990, when he was describing what he called a fantasy scenario for the World Economic Forum meeting in Davos, Switzerland—where 1,000 diplomats, CEOs and politicians gather annually “to address global issues”.
What if a small group of these world leaders were to conclude that the principal risk to the earth comes from the actions of the rich countries?…
In order to save the planet, the group decides: Isn’t the only hope for the planet that the industrialized civilizations collapse? Isn’t it our responsibility to bring this about?
“This group of world leaders forms a secret society to bring about an economic collapse,” Strong told the reporter in painting his so-called fantasy scenario.
“It’s February. They’re all at Davos. These aren’t terrorists. They’re world leaders. They have positioned themselves in the world’s commodities and stock markets. They’ve engineered, using their access to stock markets and computers and gold supplies, a panic. Then, they prevent the world’s stock markets from closing. They jam the gears. They hire mercenaries who hold the rest of the world leaders at Davos as hostage. The markets can’t close…
>>>Our economic system is free enterprise, the creation and marketing of goods and services. We call it the free market. The Left calls it Capitalism, the manipulation of money.
>>Are the Democrats Left or Right?
Nothing is that cut and dry and you know it. Joseph Borkin, the chief economic advisor of the Anti-trust Division of the Department of Justice, during his investigation of companies involved with funding WW2 showed how panopolies, when companies enter into vehicles of cross agreements, and capitalism was being used to implement socialism. Global panopolies was never the true intention of a free market. That creates the reverse affect.
bttt
I don’t see that article posted on FR.
I am going to post it.
You may want to ping this thread.
Wells Fargo is in great shape.
Yes. Disincorporate Goldman Sachs. Since the American people grant them their corporate status, we can dissolve it.
We can do this. We can also jail the criminal conspirators too.
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