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Senate grills Goldman execs on meltdown role
Yahoo News ^ | 04/27/2010 | by Olivier Knox

Posted on 04/27/2010 7:52:07 AM PDT by MNJohnnie

Senators demanding answers on what caused the 2008 global economic meltdown were to grill Goldman Sachs chief Lloyd Blankfein Tuesday on the investment giant's alleged role in the collapse.

The US Senate Permanent Subcommittee on Investigations was to question Blankfein and other executives including Fabrice "Fabulous Fab" Tourre, the London-based French national at the heart of US fraud charges against the firm.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Constitution/Conservatism; Crime/Corruption; Extended News; News/Current Events
KEYWORDS: congresseducation; finacial; goldman; howmarketswork; longsandshorts; marketmaking; wallstreet
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If I were these guys, I would come with a list of all the political donations I made to these "Public Servants" in cluding those to Dear Reader himself, and ask for my money back in my opening statement.
1 posted on 04/27/2010 7:52:07 AM PDT by MNJohnnie
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To: MNJohnnie

A case of the pot calling the kettle black?

(oopsie...is that racist?)


2 posted on 04/27/2010 7:59:15 AM PDT by marstegreg
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To: MNJohnnie

This testimony is fascinating.

I don’t see where they committed anything illegal...so far.


3 posted on 04/27/2010 8:01:28 AM PDT by Clint N. Suhks (Jim Bunning we will miss you. Palin/Cheney 2012)
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To: MNJohnnie; OafOfOffice

In 2006 when Goldman sachs bought 10% in this redistribution of wealth scam, Obama also bought shares of goldman sachs. I have posted this before but it so relevant again. This was all planned and Obama was going to get his share.

Obama 2005 financial filings.

http://www.washingtonpost.com/wp-srv/politics/congress/fin_dis/2005/o000167.pdf

stocks;
AVI biopharma
Sky Terra

mutual fund;
Vanguard

http://www.washingtonpost.com/wp-srv/politics/congress/fin_dis/2006/o000167.pdf
Obama 2006 financial filings;

STOCKS
Purchase GOLDMAN SACHS 2006, 2006, 2006

Mutual funds,
Vanguard
Nuveen
Marshall prime money
PIMCO

http://www.washingtonpost.com/wp-srv/politics/congress/fin_dis/2007/o000167.pdf
2007 FINANCIAL FILINGS

Pretty much the same as 2006.

Obama Vanguard accounts.

http://www.abovetopsecret.com/forum/thread482681/pg1

87 posted on Tuesday, April 27, 2010 2:59:04 AM by OafOfOffice


4 posted on 04/27/2010 8:01:40 AM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
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To: MNJohnnie

This is political theater- watch for signs of scripting

Blankfein held a fundraiser for Harry Reid just last year

maybe GS has tightened its donations to the dems (or hinted at doing so) and this harmless little charade is a way of reminding Lloyd who his senior partner really is


5 posted on 04/27/2010 8:01:44 AM PDT by silverleaf (Karl Marx was not one of the founding fathers ....)
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To: MNJohnnie
This grandstanding is sickening. If you substitute Fannie and Freddie every time one of them says big wall street firm and substitute politician every time they say executives of these big Wall Street firms, you would be amazed at how well it fits.
Any proposed Financial Reform that leaves out Fannie and Freddie and politicians that greased the skids and former politicians that reaped huge personal financial fortunes (salaries and bonuses at Fannie and Freddie) on the backs of taxpayers, is disingenuous at best.
Is the taxpayer on the hook for hundreds of billions for Fannie and Freddie? - Yes
Who was in charge of the mortgage banks? Who made their policies? Who appointed their executives? Who reaped benefits?
Begin to address these, and we’ll talk. Until then, shut up and turn the mirror around.
6 posted on 04/27/2010 8:02:50 AM PDT by jgophel
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To: marstegreg
oopsie...is that racist?

I don't look at the color of their skin. I look at the content of their hearts.

Of course all of their hearts are black too.

7 posted on 04/27/2010 8:04:56 AM PDT by seowulf ("If you write a whole line of zeroes, it's still---nothing"...Kira Alexandrovna Argounova)
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To: MNJohnnie

How come they aren’t grilling Barney Frank and Dicky Durban about the Fannie Mae and Freddie Mac fiasco? After all THEY were the root cause of ALL of this!


8 posted on 04/27/2010 8:07:11 AM PDT by Bigun ("It is difficult to free fools from the chains they revere." Voltaire)
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To: MNJohnnie

Glenn Beck connected a lot of dots between GS and Obama yesterday.


9 posted on 04/27/2010 8:09:08 AM PDT by lonestar (Better Obama picks his nose than our pockets!)
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To: Bigun

This is all Kabuki theater for the masses. Corruption is complete. The political class is merely going through the motions with the Wall St. guys. Bailouts for billionaires is alive and well.


10 posted on 04/27/2010 8:11:20 AM PDT by Gen-X-Dad
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To: MNJohnnie

The answers are not what the kangaroo court wanted to hear.


11 posted on 04/27/2010 8:12:08 AM PDT by Carley (I'll keep clinging to the constitution, my guns and my religion, thank you.)
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To: Gen-X-Dad

Exactly!


12 posted on 04/27/2010 8:12:32 AM PDT by Bigun ("It is difficult to free fools from the chains they revere." Voltaire)
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To: Bigun

Don’t leave Dodd out of the mix of corrupt pols.


13 posted on 04/27/2010 8:12:54 AM PDT by Carley (I'll keep clinging to the constitution, my guns and my religion, thank you.)
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To: Carley

NO! Please don’t!


14 posted on 04/27/2010 8:14:00 AM PDT by Bigun ("It is difficult to free fools from the chains they revere." Voltaire)
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To: Gen-X-Dad

The speaker I heard made it clear that not ONE single individual investor was part of their process.

ALL the investors were sophisticated fund MANAGERS with full knowledge of the risks and rewards.


15 posted on 04/27/2010 8:14:13 AM PDT by Carley (I'll keep clinging to the constitution, my guns and my religion, thank you.)
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To: lonestar

He is doing it again right now. He is also tying all this to Al Gore’s company and Cap and Trade


16 posted on 04/27/2010 8:16:00 AM PDT by MNJohnnie (he problem with Socialism is eventually you run our of other peoples money. Lady Thatcher)
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To: MNJohnnie

Levin doesn’t know what he is talking about!

GS was short for a client not themselves.


17 posted on 04/27/2010 8:16:38 AM PDT by Clint N. Suhks (Jim Bunning we will miss you. Palin/Cheney 2012)
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Nothing but a.......


18 posted on 04/27/2010 8:16:58 AM PDT by OB1kNOb (When injustice becomes law, resistance becomes duty. - Thomas Jefferson)
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To: MNJohnnie

Believe me the Senators already know and Goldman Sachs and the Senators including Obama and George Soros are all in this together.


19 posted on 04/27/2010 8:23:29 AM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: MNJohnnie; penelopesire; Liz; onyx; hoosiermama; STARWISE

0bama
Joyce Foundation
Chicago Climate Exchange
Generation Investment Management
Al Gore
David W. Blood
Goldman Sachs
Hank Paulson
Maurice Strong
Soros
...

More here:

http://www.freerepublic.com/focus/f-news/2501282/posts

//

http://www.muckety.com/Generation-Investment-Management/5000777.muckety

Generation Investment Management
People related to Generation Investment Management:
David W. Blood - co-founder & senior partner
L. John Doerr - advisory board member
Mark Ferguson - managing partner & CIO
Albert A. Gore Jr. - chairman
Peter Harris - managing partner & COO
Peter S. Knight - managing partner
Colin le Duc - managing partner
Miguel Nogales - managing partner
Other current Generation Investment Management relationships:
Ausra, Inc. - investor

Generation Investment Management

http://www.muckety.com/David-W-Blood/29954.muckety

David W. Blood

Gender: Male

David W. Blood lives and/or works in
London, UK.
David W. Blood current relationships:
Acumen Fund - advisory council member
Generation Investment Management - co-founder & senior partner
Hamilton College - trustee
David W. Blood past relationships:
2008 Barack Obama presidential campaign - London fundraiser co-chair
Goldman Sachs Asset Management - CEO


20 posted on 04/27/2010 8:23:39 AM PDT by maggief (Not everything is what it seems.)
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