Posted on 07/04/2009 8:50:46 AM PDT by FromLori
Video at site
GS made billions off short hedge funds that wiped out companies in the Fall of 2008 using naked shorting, buying cred def swaps, etc. Bear Stearns most profit business catered to hedge funds - I forget the name prime lending I think.
When the hedge funds then turned on morgan stanley and goldman they ran to Treasury/Paulson and the SEC.
Australia last fall when things were melting down outlawed naked shorting and banned short selling of financial institutions. Their banks are still alive.
The American public is being robbed blind in the mkts and with the stimulus - meanwhile Goldman Sachs has record profits.
Laughing it up with his boyfriend, George Soros, of course.
I agree and there is a reason why they want cap and trade too
$$$$
http://bluelori.blogspot.com/2009/07/government-sachs-for-cap-and-trade.html
http://www.businessinsider.com/henry-blodget-is-obama-in-wall-streets-pocket-2009-4
Abso”friggin”lutely the eonomy is being manipulated, and no one will be arrested, tried and convicted because of their complicity either.
We are living in a thugocracy now. The criminals have taken over the country...the MSM, congress, AG, schooling, courts and etc...they will have their way with us.
Video: I'm Mad as Hell and I'm Not Going to Take It Anymore !
We should make this go VIRAL around the country pick a day and time and see if we could actually get people to do this! Start a movement so to speak!!!
Pardon me. And my disability. I meant to key in: ‘Ring any bells ____ ? 0 wakes up America.’
Paddy Cheyevsky was a great scriptwriter. He also wrote The Hospital with George C. Scott.
I give America maybe another year before fiction becomes reality ;-)
there is a special hell, I believe......
It happened before in 1999 to 2000 when the dot bomb stocks were manipulation. A few winners emerged but most were garbage. This was all to make the VC’s in Silicon Valley rich, a few equipment companies like Sun, Cisco and Oracle plus the investment banks at IPO.
The worthless crap dot bomb stocks on IPO date were traded back and forth by the investment banks that day to drive worthless companies to $100+ prices. They also had small floats to drive the prices up fast. John Corzine was CEO at Goldman then. First Boston was also another slime investment bank.
The rule at dot com companies from the VC’s was - you have to have Stanford grads, you had to be in Solicon Valley and you had to use the VC money to buy Oracle datbase software, Sun machines, Cisco routers and a maybe EMC storage.
The public had no clue. A few lawsuits were filed by people who knew but they fizzled away aginst Goldman and others legal army.
Roughly the same thing happened in 2008. Investment banks lending money to hedge fund shorts and clearing their trades.
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