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October 18, 2009 at 2:43 PM #16514October 19, 2009 at 3:59 PM #471001
Arraya
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October 19, 2009 at 3:59 PM #471181Arraya
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October 19, 2009 at 3:59 PM #471540Arraya
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November 4, 2009 at 9:14 AM #477305Anonymous
GuestThis is an insightful and accurate snapshot of the reality we find ourselves in while Goldman has infiltrated the US gov and received $50 billion plus of “risk” capital from the various sources delineated – to continue to fabricate innovated financial products that are “too complex to explain!” So Goldman – which the Fed allowed to become a Bank Holding Company in Sept 08, to be able to obtain FDIC funding (under the radar)- is still only an investment bank generating fees from purely financial investments for itself – and not lending money for commercial or consumer loans which is the fundamental mission of banks!
It is self-evident that with 17% unemployment, we remain in terrible financial straits, with millions of our fellow Americans suffering from the utter devastation of financial tragedy. And Congress has still not properly addressed what needs to be done – if the history of the after life of the Great Depression has provided any lessons.
In 1989,when my first book, “Invest for Success: How to Avoid Getting Ripped Off by Real Estate Partnerships, the Stock Market and Diversification was being published, I wrote letters to Sen.C. Dodd; J. Katz, secretary of the SEC; and Sen. George Mitchell warning about encroaching Financial Darwinism considering that Wall Street was no longer engaged in real investment for capital formation – but was focused on financial investment for fees.
In January of this year I began to write my 2nd book – “How We Got Swindled by Wall Street Godfathers, Greed and Financial Darwinism,” which I completed several months ago and is now being considered by two publishers who may care enough about the truth to publish a book which starts on the banks of a river whose source is Social Darwinism and runs past all the contributory culprits to the inevitable conclusion that the current, and root cause of our financial holocost (caust) is Financial Darwinism! And we will not stop the current of Financial Darwisim by tinkering with new regulations agreeable to Goldman or the other Financial Darwinists.
Visit my blog at: http://www.howwegotswindled.blogspot.com for a better understanding, from a successful vetran of 40 years in the securities business who knows and has lived in the underbelly of the real truth.
I fully appreciate the objectivity and accuracy of Arrya’s piece – but as bad as Goldman may be the underlying context is systemically rotten and we need public outrage about the root cause to have any chance to correct the continuing rip offs and lack of Congressional courage to correct the substance of the problems by properly rebuilding barriers against greed like Glass-Steagall and the 1956 Bank Holding Company Act. (I feel less isolated after reading Arrya) If Goldman does not immediately return all Gov risk capital then it should be forced to act like a bank and provide loans to create jobs for the economy rather than use leverage that taxpayers have provided to issue derivatives for fees to satisfy their swine-pay syndrome. We must again regulate unbridled unfettered self-interested greed, or we are doomed to remain in the clutches of Trojan Mega Bank Holding Companies.
November 4, 2009 at 9:14 AM #477476Anonymous
GuestThis is an insightful and accurate snapshot of the reality we find ourselves in while Goldman has infiltrated the US gov and received $50 billion plus of “risk” capital from the various sources delineated – to continue to fabricate innovated financial products that are “too complex to explain!” So Goldman – which the Fed allowed to become a Bank Holding Company in Sept 08, to be able to obtain FDIC funding (under the radar)- is still only an investment bank generating fees from purely financial investments for itself – and not lending money for commercial or consumer loans which is the fundamental mission of banks!
It is self-evident that with 17% unemployment, we remain in terrible financial straits, with millions of our fellow Americans suffering from the utter devastation of financial tragedy. And Congress has still not properly addressed what needs to be done – if the history of the after life of the Great Depression has provided any lessons.
In 1989,when my first book, “Invest for Success: How to Avoid Getting Ripped Off by Real Estate Partnerships, the Stock Market and Diversification was being published, I wrote letters to Sen.C. Dodd; J. Katz, secretary of the SEC; and Sen. George Mitchell warning about encroaching Financial Darwinism considering that Wall Street was no longer engaged in real investment for capital formation – but was focused on financial investment for fees.
In January of this year I began to write my 2nd book – “How We Got Swindled by Wall Street Godfathers, Greed and Financial Darwinism,” which I completed several months ago and is now being considered by two publishers who may care enough about the truth to publish a book which starts on the banks of a river whose source is Social Darwinism and runs past all the contributory culprits to the inevitable conclusion that the current, and root cause of our financial holocost (caust) is Financial Darwinism! And we will not stop the current of Financial Darwisim by tinkering with new regulations agreeable to Goldman or the other Financial Darwinists.
Visit my blog at: http://www.howwegotswindled.blogspot.com for a better understanding, from a successful vetran of 40 years in the securities business who knows and has lived in the underbelly of the real truth.
I fully appreciate the objectivity and accuracy of Arrya’s piece – but as bad as Goldman may be the underlying context is systemically rotten and we need public outrage about the root cause to have any chance to correct the continuing rip offs and lack of Congressional courage to correct the substance of the problems by properly rebuilding barriers against greed like Glass-Steagall and the 1956 Bank Holding Company Act. (I feel less isolated after reading Arrya) If Goldman does not immediately return all Gov risk capital then it should be forced to act like a bank and provide loans to create jobs for the economy rather than use leverage that taxpayers have provided to issue derivatives for fees to satisfy their swine-pay syndrome. We must again regulate unbridled unfettered self-interested greed, or we are doomed to remain in the clutches of Trojan Mega Bank Holding Companies.
November 4, 2009 at 9:14 AM #477843Anonymous
GuestThis is an insightful and accurate snapshot of the reality we find ourselves in while Goldman has infiltrated the US gov and received $50 billion plus of “risk” capital from the various sources delineated – to continue to fabricate innovated financial products that are “too complex to explain!” So Goldman – which the Fed allowed to become a Bank Holding Company in Sept 08, to be able to obtain FDIC funding (under the radar)- is still only an investment bank generating fees from purely financial investments for itself – and not lending money for commercial or consumer loans which is the fundamental mission of banks!
It is self-evident that with 17% unemployment, we remain in terrible financial straits, with millions of our fellow Americans suffering from the utter devastation of financial tragedy. And Congress has still not properly addressed what needs to be done – if the history of the after life of the Great Depression has provided any lessons.
In 1989,when my first book, “Invest for Success: How to Avoid Getting Ripped Off by Real Estate Partnerships, the Stock Market and Diversification was being published, I wrote letters to Sen.C. Dodd; J. Katz, secretary of the SEC; and Sen. George Mitchell warning about encroaching Financial Darwinism considering that Wall Street was no longer engaged in real investment for capital formation – but was focused on financial investment for fees.
In January of this year I began to write my 2nd book – “How We Got Swindled by Wall Street Godfathers, Greed and Financial Darwinism,” which I completed several months ago and is now being considered by two publishers who may care enough about the truth to publish a book which starts on the banks of a river whose source is Social Darwinism and runs past all the contributory culprits to the inevitable conclusion that the current, and root cause of our financial holocost (caust) is Financial Darwinism! And we will not stop the current of Financial Darwisim by tinkering with new regulations agreeable to Goldman or the other Financial Darwinists.
Visit my blog at: http://www.howwegotswindled.blogspot.com for a better understanding, from a successful vetran of 40 years in the securities business who knows and has lived in the underbelly of the real truth.
I fully appreciate the objectivity and accuracy of Arrya’s piece – but as bad as Goldman may be the underlying context is systemically rotten and we need public outrage about the root cause to have any chance to correct the continuing rip offs and lack of Congressional courage to correct the substance of the problems by properly rebuilding barriers against greed like Glass-Steagall and the 1956 Bank Holding Company Act. (I feel less isolated after reading Arrya) If Goldman does not immediately return all Gov risk capital then it should be forced to act like a bank and provide loans to create jobs for the economy rather than use leverage that taxpayers have provided to issue derivatives for fees to satisfy their swine-pay syndrome. We must again regulate unbridled unfettered self-interested greed, or we are doomed to remain in the clutches of Trojan Mega Bank Holding Companies.
November 4, 2009 at 9:14 AM #477922Anonymous
GuestThis is an insightful and accurate snapshot of the reality we find ourselves in while Goldman has infiltrated the US gov and received $50 billion plus of “risk” capital from the various sources delineated – to continue to fabricate innovated financial products that are “too complex to explain!” So Goldman – which the Fed allowed to become a Bank Holding Company in Sept 08, to be able to obtain FDIC funding (under the radar)- is still only an investment bank generating fees from purely financial investments for itself – and not lending money for commercial or consumer loans which is the fundamental mission of banks!
It is self-evident that with 17% unemployment, we remain in terrible financial straits, with millions of our fellow Americans suffering from the utter devastation of financial tragedy. And Congress has still not properly addressed what needs to be done – if the history of the after life of the Great Depression has provided any lessons.
In 1989,when my first book, “Invest for Success: How to Avoid Getting Ripped Off by Real Estate Partnerships, the Stock Market and Diversification was being published, I wrote letters to Sen.C. Dodd; J. Katz, secretary of the SEC; and Sen. George Mitchell warning about encroaching Financial Darwinism considering that Wall Street was no longer engaged in real investment for capital formation – but was focused on financial investment for fees.
In January of this year I began to write my 2nd book – “How We Got Swindled by Wall Street Godfathers, Greed and Financial Darwinism,” which I completed several months ago and is now being considered by two publishers who may care enough about the truth to publish a book which starts on the banks of a river whose source is Social Darwinism and runs past all the contributory culprits to the inevitable conclusion that the current, and root cause of our financial holocost (caust) is Financial Darwinism! And we will not stop the current of Financial Darwisim by tinkering with new regulations agreeable to Goldman or the other Financial Darwinists.
Visit my blog at: http://www.howwegotswindled.blogspot.com for a better understanding, from a successful vetran of 40 years in the securities business who knows and has lived in the underbelly of the real truth.
I fully appreciate the objectivity and accuracy of Arrya’s piece – but as bad as Goldman may be the underlying context is systemically rotten and we need public outrage about the root cause to have any chance to correct the continuing rip offs and lack of Congressional courage to correct the substance of the problems by properly rebuilding barriers against greed like Glass-Steagall and the 1956 Bank Holding Company Act. (I feel less isolated after reading Arrya) If Goldman does not immediately return all Gov risk capital then it should be forced to act like a bank and provide loans to create jobs for the economy rather than use leverage that taxpayers have provided to issue derivatives for fees to satisfy their swine-pay syndrome. We must again regulate unbridled unfettered self-interested greed, or we are doomed to remain in the clutches of Trojan Mega Bank Holding Companies.
November 4, 2009 at 9:14 AM #478143Anonymous
GuestThis is an insightful and accurate snapshot of the reality we find ourselves in while Goldman has infiltrated the US gov and received $50 billion plus of “risk” capital from the various sources delineated – to continue to fabricate innovated financial products that are “too complex to explain!” So Goldman – which the Fed allowed to become a Bank Holding Company in Sept 08, to be able to obtain FDIC funding (under the radar)- is still only an investment bank generating fees from purely financial investments for itself – and not lending money for commercial or consumer loans which is the fundamental mission of banks!
It is self-evident that with 17% unemployment, we remain in terrible financial straits, with millions of our fellow Americans suffering from the utter devastation of financial tragedy. And Congress has still not properly addressed what needs to be done – if the history of the after life of the Great Depression has provided any lessons.
In 1989,when my first book, “Invest for Success: How to Avoid Getting Ripped Off by Real Estate Partnerships, the Stock Market and Diversification was being published, I wrote letters to Sen.C. Dodd; J. Katz, secretary of the SEC; and Sen. George Mitchell warning about encroaching Financial Darwinism considering that Wall Street was no longer engaged in real investment for capital formation – but was focused on financial investment for fees.
In January of this year I began to write my 2nd book – “How We Got Swindled by Wall Street Godfathers, Greed and Financial Darwinism,” which I completed several months ago and is now being considered by two publishers who may care enough about the truth to publish a book which starts on the banks of a river whose source is Social Darwinism and runs past all the contributory culprits to the inevitable conclusion that the current, and root cause of our financial holocost (caust) is Financial Darwinism! And we will not stop the current of Financial Darwisim by tinkering with new regulations agreeable to Goldman or the other Financial Darwinists.
Visit my blog at: http://www.howwegotswindled.blogspot.com for a better understanding, from a successful vetran of 40 years in the securities business who knows and has lived in the underbelly of the real truth.
I fully appreciate the objectivity and accuracy of Arrya’s piece – but as bad as Goldman may be the underlying context is systemically rotten and we need public outrage about the root cause to have any chance to correct the continuing rip offs and lack of Congressional courage to correct the substance of the problems by properly rebuilding barriers against greed like Glass-Steagall and the 1956 Bank Holding Company Act. (I feel less isolated after reading Arrya) If Goldman does not immediately return all Gov risk capital then it should be forced to act like a bank and provide loans to create jobs for the economy rather than use leverage that taxpayers have provided to issue derivatives for fees to satisfy their swine-pay syndrome. We must again regulate unbridled unfettered self-interested greed, or we are doomed to remain in the clutches of Trojan Mega Bank Holding Companies.
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