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 ...
“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”
The Obama administration will protect Goldman over here, but Goldman has made many enemies overseas.
Oh, Oh, it really SACHS to have your ANUS GREECED!
Thank you for asking. Everybody thinks I’m crazy.
http://www.freerepublic.com/focus/f-bloggers/2446043/posts
parsy, who broke this story
ROTFLOL!
Please let it be so. See tagline.
You are so right about Goldman being criminal. Most Wall street firms gradually shifted from hyper-aggressive capitalists to crony capitalists to organized crime operating under the legal radar.
However, both leave you with the same feeling but only one of the business entities delivers what you negotiated for. Might I pose this question to be pondered, which of the two is more ethical in their business standards?
Let’s hope for a “trickle up” effect.
Thanks for the ping.
Crash #2 in the horizon?
GS is as corrupt as it comes. They admitted to the senate that they do things that look illegal. Such as, buying a lot of a particular stock (and cause a run up in price), then downgrade it and sell at a profit, and while the selling frenzy starts over the gs downgrade, they short sell the stock. When the stock has reached its bottom, they begin buying again (remember in a down grade you go from buy to hold, or hold to sell, no where in there is buy).
These guys are crooks and I hope they get whats coming to them.
LOL, Are you in Caifornia on medical marijuana ?
Thanks! No, in Louisiana eating homemade pickles in the root cellar.
parsy, who says “Who Knows?”
Goldman Sachs = “Banksters”
“The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who’s Who of Goldman Sachs graduates.”
http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine
Greeced palms...now that is a good one!
What’s the Albatross story??? Is this a troll adventure?
Have you checked out the facilities in Atascadero?
We haven't seen a crash yet -- just pre-crash jitters.
When the food stops moving, that's a crash.
They are EXCELLENT articles, every single person who's read them is very impressed.
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The Great American Bubble Machine (cap and trade and Goldman Sachs)
23 posts - 16 authors - Last post: Dec 17, 2009
In Rolling Stone Issue 1082-83, Matt Taibbi takes on "the Wall Street Bubble Mafia" --investment bank Goldman Sachs. ...
http://www.freerepublic.com/focus/news/2289094/posts
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The Great American Bubble Machine (Goldman Sachs runs everything ...
41 posts - 18 authors - Last post: Sep 26, 2009
Skip to comments. The Great American Bubble Machine
(Goldman Sachs runs everything, it seems) · Rolling Stone ^ | 7-13-09 | Matt Taibbi ...
http://www.freerepublic.com/focus/news/2348634/posts
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The Great American Bubble Machine how Goldman Sachs has engineered ...
12 posts - 9 authors - Last post: yesterday
The Great American Bubble Machine how Goldman Sachs has engineered every ... Rolling Stone Magazine ^ | Jul 02, 2009 8:38 AM | MATT TAIBBI ...
http://www.freerepublic.com/focus/f-news/2451220/posts
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The Great American Financial Bubble Machine (Goldman Sach stealing ...
If you haven't read Matt Taibbi's recent Rolling Stone piece on Goldman Sachs, make sure to get your hands on it ASAP. It's a must read on how Goldman Sachs ...
http://www.freerepublic.com/focus/f-chat/2286227/posts
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The Great American Bubble Machine (Goldman Sachs)
Skip to comments. The Great American Bubble Machine (Goldman Sachs) ·
Rolling Stone ^ | July 13, 2009 | MATT TAIBBI.
Posted on 07/18/2009 2:03:02 AM PDT by...
http://www.freerepublic.com/focus/f-news/2295392/posts
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The Great American Bubble Machine
51 posts - 24 authors - Last post: Dec 18, 2009
Rolling Stone Magazine ^ | June 9th, 2009 | Matt Taibbi
... From tech stocks to high gas prices, Goldman Sachs has engineered every major ...
http://www.freerepublic.com/focus/news/2280025/posts
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Just what would it take, other than a natural disaster, to create conditions in which FOOD actually stops moving??? How does a crash create that?
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