Goldman Sachs may not be the only firm in SEC cross hairs (Whoo hoo! Hussein smells corruption!)

LA Times ^ | 4/22/10 | E. Scott Reckard

[Libloather]

Bush's fault? Not so sure...

[Crim]

HA...Goldman Sachs is playing the “stalking horse”.....so Obambi can go after the herd...

soros points and they will attack...

Master speaks...

[TCH]

OBAMA’S WALL STREET BILL LETS CROOKS ESCAPE

By Cliff Kincaid
April 21, 2010
NewsWithViews.com

The indictment of Goldman Sachs is as deceptive as the “financial reform” bill that President Obama and the liberals are pushing on Capitol Hill, says Zubi Diamond, author of the blockbuster book, Wizards of Wall Street. Diamond is warning legislators not to fall for the Obama Administration’s claim that the legislation somehow punishes Wall Street for bad financial practices.

Diamond, who has emerged as a major critic of the unregulated hedge fund industry, says he was not surprised that the Securities and Exchange Commission (SEC) named hedge fund short-seller John Paulson as a key player in the Goldman Sachs scheme to defraud investors but failed to indict him.

Diamond says that Paulson is being let off the hook because he is a member of the most powerful special interest group working the corridors of power in Washington, D.C.—the Managed Funds Association (MFA). He says the major media are afraid of taking on the MFA, which calls itself “the voice of the global alternative investment industry,” because of its tremendous financial clout. ...

Here’s the rest:

http://www.newswithviews.com/Kincaid/cliff408.htm

[Ernest_at_the_Beach]

From your link....

As AIM reported back in January of 2008, Paulson, who had already made billions of dollars betting that the housing market would collapse, had met with George Soros about using various “financial instruments” against the U.S. economy.

[Ernest_at_the_Beach]

MORE:

Diamond’s book makes the case that billionaire hedge fund short sellers deliberately engineered the economic collapse, making billions of dollars while ordinary Americans lost trillions of dollars in the value of their homes and investments. He says the purpose of the crash, in addition to making money for the hedge fund short sellers, was to elect Barack Obama to the presidency and achieve total control over the U.S. economy.

One book reviewer commented, “This is more of an exposé of who owns Barack Obama and put him in the White House!”

[Deagle]

Hah... Goldman Sachs is just a false front to cover for Fannie and Feddie’s gross problems (and still covered up by the government - hello Mr. Franks). This problem won’t even begin to go away until they solve that problem...

[goat granny]

If he smells corruption, he’s too close to his advisors butts.

[cricket]

Read it all at link.

That said. . .another excerpt/conclusion:

***************

They chose to do the bailouts, in order to replace the money looted by members of MFA. Meanwhile, the nation continues racking up more debt in trillions upon trillions of dollars to replace the stolen money.”

“George Soros and Obama adviser Larry Summers were recently laughing it up in Davos, Switzerland,” Diamond notes.

He adds, “The only reform that is needed is to restore the safeguard regulations which protect the invested capital from being looted by the hedge fund short sellers. These financial market safeguards were removed by former SEC Chairman, Christopher Cox, due to the lobbying influence of MFA.”

In a previous column, Diamond explained the nature of these safeguards and reforms.

In terms of the case against Goldman, Diamond predicts the result will be a financial fine and the firing of a Goldman vice president, who will then turn up working for a member of the MFA.

Diamond says the embarrassment to Goldman Sachs from the charges is a small price for the MFA to pay in order to get the financial reform bill passed, “which will cover their role in engineering the economic collapse, exonerate them from culpability, distort history in their favor, and put all the publicly traded companies under their potential control.”

************* No wonder Obama did not need a Birth Certificate. . .and won't.

[freekitty]

When is Soros going to be held accountable? And not just some dippy fine. He is stealing our money and no one is doing anything about it.

[cricket]

Bush's fault? Not so sure...

In fairness, it IS time to change the mantra! While Soros did not succeed in getting 'Bush' out by second term; he and his 'collective' did succeed in destroying him, politically, nonetheless. (Am wondering, how heavy a hand is his, for Brown/Clegg Election...)

[“George Soros put the support of the organization [the MFA] behind Obama,” his[Diamond] book says. “Soros wanted somebody that hates the traditional America and its constitution, a left-wing radical like himself, so he chose Obama.”]

***

"/B/mine

[“Nothing will happen until the American people know what caused the economic crisis and the solution for fixing it,” he tells AIM. “Nothing will happen until the American people know about the Managed Funds Association and their role in engineering the economic collapse.” He calls the MFA “the cancer in our society that needs to be cut out, exterminated and abolished. America and capitalism will not survive unless the Managed Funds Association is eradicated, uprooted and destroyed.”] kinkaid,March52010

**************

[major media are afraid of taking on the MFA, which calls itself “the voice of the global alternative investment industry,” because of its tremendous financial clout.]

[A 'clout' to be made easier; thanks to latest data gathering initiative]:

Managed Funds Association Announces Plan to Collect Industry Data

Washington, DC (PRWEB) January 8, 2010 -- Managed Funds Association (MFA), the leading association of the alternative investment industry, today announced it will launch an initiative to gather information from hedge funds, funds of funds and managed futures funds, for use in its industry education and advocacy efforts using PerTrac P-Card. [. . .]

Richard H. Baker, MFA President and CEO, said, "As the primary source of industry information for policy makers, the media and the public, it's important that we collect and aggregate data in a confidential and timely manner from as many managers as possible. [. . .] In addition, P-Cards have utility outside of MFA's efforts, allowing for and encouraging increased and more frequent communication and transparency between managers and investors, which is a key goal of MFA."] www.alipac.us link

*******

GEORGE SOROS-FUNDED COMMUNIST ORGANIZATIONS

sorosfundedcommunistorganizations

*******

[Liz]

Am wondering, how heavy a hand Soros has in the Brown/Clegg Election.......

QUESTION What moves did Soros make in the four weeks before the fraud charges filed against Goldman Sachs to save his GS investments? The answer will tell you everything you need to know.

REFERENCE Man who broke the Bank of England, George Soros; 'at centre of hedge funds plot to cash in on fall of the euro'
UK Mail Online ^ | 27th February 2010 | Karl West
A spokesman for Soros Fund Management said the legendary investor did not attend the dinner on February 8, but did not deny that his firm was represented. At the dinner, the speculators are said to have argued that the euro is likely to plunge in value to parity with the dollar.

The single currency has been under enormous pressure because of Greece's debt crisis, plus financial worries in Portugal, Italy, Spain and Ireland. But, it has also struggled because hedge funds have been placing huge bets on the currency's decline, which could make the speculators hundreds of millions of pounds.

The euro traded at $1.51 in December, but has since fallen to $1.34. Details of the secretive dinner emerged days after Mr Soros, chairman of Soros Fund Management, warned in a newspaper article that the euro could 'fall apart' even if the European Union can agree a deal to shore up support for stricken Greece.

SOURCE Read more: http://www.dailymail.co.uk/news/worldnews/article-1253791/Is-man-broke-Bank-England-George-Soros-centre-hedge-funds-betting-crisis-hit-euro.html#ixzz0gm hF5oqX (Excerpt)

REFERENCE The Depository Trust Company (DTC) is the world’s largest securities depository, holding nearly $19 trillion in assets for its Participants and their customers.... Last year, DTC processed over 164 million book-entry deliveries valued at more than $77 trillion.

The Federal Reserve Corporation, a/k/a The Federal Reserve System, is also a private company and is not an agency or department of our federal government. The Federal Reserve Board of Governors is listed, but they are not the owners. The Federal Reserve Board is nothing more than a liaison advisory panel between the owners and the Federal Government. The Federal Reserve mandates that the Depository Trust Company process every securities transaction in the US.

It’s no wonder that the Depository Trust Company (including the Participants Trust Company, now the Mortgage-Backed Securities Division of the Depository Trust Company) is owned by the same stockholders as the Federal Reserve System.

In other words, the Depository Trust Company is really just a ‘front’ or a division of the Federal Reserve System. “Depository Trust Company is 35.1% owned by the New York Stock Exchange on behalf of the Exchange’s members. It is operated by a separate management and has an independent board of directors. It is a limited purpose trust company and is a unit of the Federal Reserve.” - New York Stock Exchange, Inc.

If you’re not aware how the system works, you should visit or call a stock broker or bank and instruct them you want to purchase some shares of common stock or a small municipal bond, for example.

They will set up a brokerage account for you and act as your agent with full durable power of attorney (which you must legally sign over to them) to conduct business on your behalf, upon your buy or sell instructions. The broker will place your stock or bond purchase into their safekeeping under a “street name”.

The Depository Trust Company’s private holding company or street name, as shown on certificates is shown as either “CEDE and Company”, “Cede Company” or “Cede & Co”. The banks and brokers are merely custodians for their clients. By federal law (SEC), they cannot hold any assets in the customer’s name. The assets must be held in the name of Depository Trust Company’s holding company, CEDE & Co.

That’s how Depository Trust Company has more than $19 trillion dollars of assets in trust... or is it really in “trust” if the private Federal Reserve System is technically holding it in their “unknown” entity’s name?

Obviously, if stock and bond certificates you’ve purchased aren’t in your name, then the “holder” (the Federal Reserve System) could theoretically refuse to surrender them back to you. The Depository Trust Company owns that bond or stock, not you.

Rather than in your name, it’s registered (as the legal Registered Owner or agent) in their “street name”.....Cede & Company.

Cede & Co.
c/o The Depository Trust Company
7 Hanover Square
New York, New York 10004

George Soros and Quantum Partners. Cede & Co. is under:
- SOROS FUND MANAGEMENT LLC. in Delaware
- Quantum Industrial Partners LDC in Cayman Islands
- QIH Management Investor, L.P. in Delaware
- QIH Management, Inc. in Delaware
- Stanley F. Druckenmiller
- Duquesne Capital Management, L.L.C. in Pennsylvania
NOTE: Reuters recently reported that tiny Delaware surpasses Switzerland in financial secrecy.

=================================================

[“George Soros put the support of the organization [the MFA] behind Obama,” his[Diamond] book says. “Soros wanted somebody that hates the traditional America and its constitution, a left-wing radical like himself, so he chose Obama.”]

A picture is worth a thousand words.

Candidate Obama at fund-raiser April 9, 2007.
George Soros is seated to the right of the stairs. (Photo: Michael Edwards)

[Earthdweller]

One set of crooks taking out the other....Whats new in world history?

The only good thing that can come from it is, for a short time, the average American won't be sandwiched between the two but only devoured from one direction.

My guess is that the world bankers don't care if the reds or the free market wins in any given country...the big dogs will still get their profit.

[silverleaf]

Let’s hope Eric Holder is going down zerO/Reid/Schumer and Pelosi’s entire corporate donor list and issuing indictments..

D’OH!

[cricket]

How heavy a hand? No question, very, very heavy. . .

Thanks Liz; love this pic; (have it in my file but could not move it); it speaks a thousand words. Can ANYone doubt, 'who' was Obama's starting point. (Ayers did give a 'fundraiser' for Obama; have wondered if this was his basement; cannot remember if that question was ever answered.) The picture of course, stands alone and is testimony to the crime perped.

And as for Greece, with economy flatlining;: from AIM/Kinkaid,March 10 perspective:

Looking ahead, Diamond says, "When the European Union (EU) bails out Greece, that bailout will increase the EU deficit and weaken their currency, hence the decline in EU currency. That is the theory being floated by the manipulators. George Soros, the hedge fund short sellers and the speculators will trade with that assumption. They will run down the EU currency and that will be a manipulation by collusion."

Diamond notes that Soros is a member of the Managed Funds Association, and they are "making negative comments about the Euro. They are targeting and preying on capitalist countries and currencies."

..."They feel invincible. They have a license to destroy any company or country or hold the company or country hostage while preying on the investors. They are having dinner meetings, openly discussing collusion to attack a particular asset class, equity, or a country's currency. If this is not organized crime, I do not know what is." "They have primed the market for manipulation," he says.

(re Greece)Diamond says that the country "gathered all her nest eggs and brought it to the wolves' den at Goldman Sachs," a member of Managed Funds Association, "but Goldman Sachs then shorted the market while their clients were on the other side of the trade."

. . .there would not have been a Greece debt crisis if all the safeguard regulations had not been removed. He blames Christopher Cox [removal of the uptick rule; circuit breakers; mark to market accounting] caused the economic collapse and the stock market crash,"..."Greece lost investment capital in the 2008 Wall Street collapse [...] deficit ballooned [...] The EU is accusing Greece of not disclosing all their debt and investment risk exposure."

[. . .]"The Managed Fund Association is the government," Diamond charges. "They bought the policy makers and regulators, and then took over our government."

Aim/Kinkaid link

[cricket]

Forgot your very important footNOTE:

Reuters recently reported that tiny Delaware surpasses Switzerland in financial secrecy.

When did this all unfold? After Obama/(Soros) challenged the secrecy of Swiss Banks - or before...and/or pre/postcampaign...or 'what?

[Liz]

.....tiny Delaware surpasses Switzerland in financial secrecy. When did this all unfold? After Obama/(Soros) challenged the secrecy of Swiss Banks - or before...and/or pre/postcampaign...or 'what?

First came to my attention about 7-8 years ago when ex-Goldman head Jon Corzine registered three corporations in Delaware....just before he "invested" $165 Million of his own money to buy a US Senate seat and the NJ governorship.

"Return on investment" was the name of the game----and he was very succesful using govt office to profit.

Be very alarmed if candidates in your area have Deleware Corporations. Demand that they reveal this info.

[cricket]

"Return on investment" was the name of the game----and he was very succesful using govt office to profit.

Be very alarmed if candidates in your area have Deleware Corporations. Demand that they reveal this info.

Thanks, Liz for info; had no idea. . .

Bump and share.../sigh.

[Liz]

"When the EU bails out Greece, that bailout will increase their deficit and weaken the currency into a decline. Soros, hedge fund short sellers, and speculators will trade with that assumption. They will run down the EU currency and that will be a manipulation by collusion."

Soros is a member of the Managed Funds Association, and they are "making negative comments about the Euro. They are targeting and preying on capitalist countries and currencies." ..."They feel invincible. They have a license to destroy any company or country or hold the company or country hostage while preying on the investors. They are having dinner meetings, openly discussing collusion to attack a particular asset class, equity, or a country's currency. If this is not organized crime, I do not know what is. They have primed the market for manipulation" .......

==========================================

KEEP IN MIND Greece paid Goldman Sachs $300 million in fees for arranging the toxic 2001 transactions, according to several bankers familiar with the deal. Here's how the G/S Wall Street predators operate domestically:

COMING TO A TOWN NEAR YOU Mother Jones magazine circa Feb 2007 reported on the activities of Mark Florian, Chief Operating Officer of Goldman Sachs' municipal finance division. According to the report, Florian was traveling to statehouses across the US to convince state officials that selling state assets would be "mutually beneficial." One of the scams involved "monetizing state roads. NOTE WELL: Monetizing means G/S bonding (AKA taxpayer debt)----which earns $billions for G/S til the end of time.

Then-NJ Gov Corzine (ex-Goldman head) stationed Goldman Sachs functionaries in state government as the issue of road monetization surfaced. Corzine hired four G/S buddies, including G/S alumnus Bradley Abelow as state Treasurer. Corzine took a road show across the state to sell the monetization deal. However, monetizing NJ roads hit a large pothole and collapsed like a flat tire---b/c taxpayers were onto the G/S bonding-debt scam.

=====================================

REFERENCE Goldman Sachs opened an office in Princeton NJ 2006 when Corzine was elected governor (the better to loot the NJ Treasury).

Goldman Sachs Hedge Fund Partners
701 Mount Lucas Rd
Princeton, NJ 08540-1911

G/S Hedge Fund Partners advertises it seeks investments in traditional infrastructure sectors including transport infrastructure such as "monetizing" toll roads, airports and ports as well as "monetizing" regulated gas, water and electrical utilities.

==========================

CONSERVATIVE MANTRA "Goldman owns the Obama administration."

GOOD FOR GOLDMAN, BAD FOR AMERICA (G/S the major toll collector on govt's red-ink railroad)
BY TERRY KEENAN, anchor of Cashin' In, Fox News Sat 11:30 AM.

EXCERPT G/S morphed into a commercial bank to take advantage of gov't handouts, yet Goldman is really a hedge fund on steroids, with trading accounting for 69% of gross revenue in the first quarter........ a big chunk of its trading involves US govt debt -- federal, state and local...... G/S has a huge vested interest in the US digging a deeper and deeper hole.........trading govt IOUs is big business.....one of the few growth markets on Wall Street. IPO's, M&A's, etc, have yet to recover but the US will borrow a record $3.25 trillion in the current fiscal year -- four times as much as in 2008.

With its biggest competitors out of business, G/S is a major toll collector on Washington's red-ink railroad.......a "debt tsunami" that will lift Goldman's fortunes. G/S plays on the bankrupting of America -- the more we borrow, the more they make........ ........but the American public should know this side of the G/S profit miracle.

Through savvy trading and management, G/S set aside $11.4B this year to compensate its employees on a playing field cleared of its top competitors and soon after Uncle Sam bailedout G/S with $10B TARP -- and millions more through AIG, all paid for by taxpayers.

G/S benefits nicely from the govt borrowing binge that was triggered in part by the banking crisis that started in Wall Street's own backyard.

http://www.nypost.com/seven/07192009/business/good_for_goldman__bad_for_america_180130.htm

[cricket]

p.s. of sorts a slight curve here. . .beyond the Big House; and making time; have wondered just where Blagojevich, otherwise, thinks he might begoing with Obama subpoena and how he thinks he is going to get there. Beyond the 'dead or alive' considerations...

[stephenjohnbanker]

Goldman owns Obama. Nothing important will happen to them as long as Obama & Holder run the dog & pony show.