Sad thing is that most of our politicians are well aware that all of this is going on and are willingly going along with the scheme.
AIG is to receive another 30 billions dollars in the coming days, if this doesn't cause an American revolution by then I wonder what will.
Originally posted by David9176
reply to post by jam321
Sad thing is that most of our politicians are well aware that all of this is going on and are willingly going along with the scheme.
And i figure it's for a couple of reasons..
One...to try and save their own asses....and two....they are in on it.
Maybe they can use the excuse that they didn't have time to read it or something right?
I haven't seen a single politician talk about this yet....only the OUTRAGE of the bonuses that they allowed under legislation.
This is where people need to focus their anger.
175 million is small potatoes to 56 billion that is actually gone and out of the country.
NEW YORK (Reuters) - Goldman Sachs Group Inc Chief Financial Officer David Viniar said the bank is keen to avoid restrictions it agreed to after receiving funds from the U.S. government late last year and it is looking to pay the money back as soon as possible.
The investment bank, which received a $10 billion capital injection from the U.S. Treasury's Troubled Asset Relief Program in October, is not happy with the strings that came attached to the money.
Originally posted by David9176
reply to post by amari
The problem is that most of the MSM is not reporting this.
That almost seems to be the biggest crime of all.
Sadly, many people still don't know about this.
No one at my workplace did, I let them know though!
People are angry...but not enough to do anything about it yet....maybe that time is soon...I still don't see it though.
The case for indicting the executive leadership of Goldman Sachs becomes clearer by the minute, but will Congress act? Here is the case as it is emerging in the past few months. Clearly the GS insiders were acting to defraud the American public with an elaborate shell game. And then there is AIG. And then there is the role of the Federal Reserve. It's a lot of material to cover but I will do my best to make sense of it all. After that it is up to you to follow the links and do some investigating of your own. This is big. This is very big. This makes Madoff's Ponzi scheme look like child's play.
It is unclear how many Goldman bankers and traders will take up the bank’s offer. The funds periodically require investors to add more money, and late last year, Goldman’s most senior management and board began to realize some employees might have trouble living up to this obligation after receiving low bonuses, according to a person briefed on the situation.
Employees in the funds are contractually obligated to meet requests for more capital. Several funds have such capital calls scheduled for April. Employees who fail to make the payments risk losing their jobs, according to a person familiar with the situation.
The new loans at Goldman are being offered to help employees meet capital demands from the internal funds and cannot be used for other personal needs, according to people familiar with the matter.
A spokesman for Goldman Sachs confirmed the existence of the loan program but declined to elaborate. The funds that are the most troubled were raised right before the financial crisis. Goldman raised $20 billion in its most recent private equity fund and some $9 billion in the Whitehall real estate funds in 2007 and 2008.
About a third of the money in the funds typically comes from Goldman and its employees, and since 1991, the bank and its employees have accounted for $7.5 billion of the $26 billion in the Whitehall funds.
is the hope of not paying income taxes...
should their ideology be put in place, this would lead to every man and woman, rich and poor, fending for his/her self. Simply put, the poor cannot
depend on the "goodwill of the rich". It's necessary for everyone to consider different trains of thought before jumping aboard the libertarian
band-wagon. 