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Goldman executives cheered housing market's decline, newly released e-mails show

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posted on Apr, 25 2010 @ 09:59 AM
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Goldman executives cheered housing market's decline, newly released e-mails show


www.washingtonpost.com

As the U.S. housing market began its epic fall nearly three years ago, top executives at Wall Street powerhouse Goldman Sachs cheered the large financial gains the firm stood to make on certain bets it had placed, according to newly released documents.

Goldman executive Donald Mullen predicted a windfall because credit-rating companies had downgraded mortgage-related investments, which caused losses for investors.

"Sounds like we will make some serious money," Mullen wrote.

(visit the link for the full news article)




posted on Apr, 25 2010 @ 09:59 AM
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In one of the e-mails obtained by the committee, Goldman's chief financial officer, David A. Viniar, responded to a report that the firm earned $50 million in one day with "short" positions, or bets that the housing market would decline. "Tells you what might be happening to people who don't have the big short," Viniar wrote to his colleagues.


One email of many!

How will this company stay in business?

Obama says that more regulation is needed because of this betting against your own creations from his top campaign donor from which he received a sh$t load of money from.
More regulation that's it.
Clinton and Bush had goldman execs hold seats in treasury
Goldman was a huge campaign donor to Obama
But more regulation is needed, not accountability.

The most you should be taking away from this article is that there is no difference between the Democrats and the Republicans.
Although that may not be the focus of the article, the understanding should still be there.


Just a little over one year after being elected as a junior senator, in 2006 Obama was the featured guest before a private gathering of the Goldman Sachs executives in Chicago, an honor unheard of for someone that politically insignificant, speaking before the most powerful financial firm on Wall Street and one of the most powerful in the world. This was quietly reported in Bloomberg News.

It was the launch of his presidential campaign and Goldman executives soon gave over $800,000 to jump start the Obama presidential bid along with collecting millions of dollars from their fellow Wall Street firms and clients. Oh yes, Robert Rubin became the Obama economic expert, a former CEO of Goldman Sachs.
www.bignews.biz...

Goldman Was with obama from the get-go!



The story only gets better. On May 3, 2007, Barack Obama attended an event at the Museum of Modern Art in Manhattan that was not on his public schedule and is only now surfacing. The exclusive private dinner was for Goldman Sachs traders and featured a discussion on issues by Obama moderated for the Wall Street firm by NBC's Tom Brokaw. Once again the circumstances are strange as a year later Brokaw would be moderating the second presidential debate between Obama and McCain and the economy and Wall Street were the main points of discussion. Of course the debate commission and McCain were unaware that Obama and Brokaw had already held a practice session the year earlier.
www.bignews.biz...

I'm sure not too many are surprised, we all know the presidency is all about money and nothing else.



The most successful of the private platforms was InterContinental Exchange, or ICE, founded by Goldman Sachs, Morgan Stanley and a few other big brokerages in 2000. ICE soon opened a trading platform in London, allowing its founders to trade vast quantities of U.S. oil overseas without being subject to regulation. This opened the floodgates to oil price speculation.

So Goldman is behind oil speculation too?
Is this something everyone knew and only I didn't?
Common knowledge??



Do we really know anything about the long term relationship between Obama and Goldman Sachs other than their massive fund raising for him? Since he has been secretly guided and financed by Goldman people from the very beginning of his presidential campaign were they influential in his economic platform? Obama never questioned the role of Goldman in the sub-prime fiasco nor in manipulating the oil futures prices. When Goldman specialists tried to drive the price of oil up to $200 a barrel this year Obama never said a word.

Is Goldman the decision maker perhaps as far as economic decisions are concerned, not the president?

Is that really hard to believe?




Long before this time the Goldman Sachs Foundation had quietly channeled funds to Colin Powell's new group, America's Promise and Powell himself was collecting honorariums from $50,000 to $100,000 for speaking to various groups including Goldman sponsored events. At some point between the time he was Chairman of the Joint Chiefs of Staff, then left government, only to come back as Bush Secretary of State, Powell acquired between $1 million and $5 million of stock in giant defense contractor General Dynamics, a firm in which the Roshschilds have extensive ownership. Powell eventually would be converted from a McCain financial contributor and friend to endorser of Obama in less than a year.

Money is god and in god we trust!
Right??



Although they compete with firms like Goldman they also cooperate often on international mergers and acquisitions, have been partners in the oil futures exchange, and recently both sought to expand their influence in Asia with the Rothschilds selling a 20% interest in one of their companies to the Bank of China. The Shanghai and Hong Kong-listed commercial bank will pay $341 million for the stake in the French arm of the La Compagnie Financière. It is the first strategic investment by a leading Chinese bank in the eurozone.

The rabbit hole goes so deep, imagine if in 50 years from now there was a book depicting everything from A to Z.
That would be quite a read wouldn't it?

You do not elect presidents, you elect money!
You elect special interest groups
If you want to go higher up the ladder, you elect individuals whom you don't even know how their faces look like or what their names are.

www.washingtonpost.com
(visit the link for the full news article)

[edit on 25-4-2010 by ModernAcademia]



posted on Apr, 25 2010 @ 10:10 AM
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REgualtion AND accoutnablility. In the business world, i work in business for a pahramcutical store, as you go up the ladder, the safer and more protected you are, as well as your bonuses and income. its very very shabby, how it works, at least at CVS pharmacy.
SO they cheered on as the economy went down the crapper..this is modern day business people. It means they get richer, and dont give a rats ass damn about anyone or anything else. just what ive learrned in the corporate world* greed, simple old fashioned greed and power that is abused and used, and vice versa.



posted on Apr, 25 2010 @ 10:12 AM
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This thread had my jaw on the floor! Most of this is not 'common knowledge '. Bueatifully linked.Everyone needs to see this now! S+f. Viral I tell ya.



posted on Apr, 25 2010 @ 10:16 AM
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And who's gonna regulate the regulators?

har har


$994,795 in Goldman Sachs campaign cash that Obama bagged. The class-warfare Dems are also mum on all the president’s Goldman Sachs men sitting in the catbird seat:
Goldman Sachs partner Gary Gensler is Obama’s Commodity Futures Trading Commission head.

Former Goldman Sachs lobbyist Mark Patterson serves under Geithner as his top deputy and overseer of TARP bailout — $10 billion of which went to Goldman Sachs. Left-leaning government watchdog Melanie Sloan of Citizens for Responsibility and Ethics in Washington responded: “It makes it appear that they are saying one thing and doing another.” Paul Blumenthal of the Sunlight Foundation noted that, while at Goldman Sachs, Patterson lobbied against the executive-pay limits that Obama had crusaded for as senator (this was, of course, before his administration carved out exemptions for AIG). While Patterson agreed to recuse himself on any Goldman Sachs–related issues or policy concerns, Blumenthal wrote, it “still creates a serious conflict for Geithner, as Treasury is being partly managed by a former Goldman lobbyist. Geithner is also placed in a tough position considering that his chief of staff is limited in the areas in which he can work (supposedly).”

Obama’s close hometown crony, campaign-finance chief and senior adviser Penny Pritzker, was head of Superior Bank of Chicago, a subprime specialist that went bust in 2001, leaving more than 1,400 people stripped of their savings after bank officials falsified profit reports. Pritzker’s lawyer at O’Melveny and Myers, Tom Donilon, is now Obama’s deputy national-security adviser. He earned just shy of $4 million representing her and other high-profile meltdown clients including Goldman Sachs.



article.nationalreview.com...



posted on Apr, 25 2010 @ 10:40 AM
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It's all manufactured,
www.smallgovtimes.com...


The SEC charges against Goldman Sachs are a ruse, a ploy, and a smokescreen to get the Dodd financial reform passed,” he said. The bill, he argues, fails to hold the multibillion dollar hedge fund short sellers accountable for their illegal market manipulations. One of these short sellers, not named in the Goldman suit, is billionaire George Soros, known as the man who “broke the Bank of England” by betting against the British pound and who was convicted of insider trading in France.

The firms of Soros and Paulson are key players in the MFA.

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.

We warned at the time: “The American people should be quickly educated by our media on how very rich people like Paulson and Soros make ‘bets’ on the rise or fall of national currencies and economies. Paulson is now telling investors ‘it’s still not too late’ to bet on more economic problems. These are capitalists who seem to have a vested interest in the further decline of the U.S. economy.”

Soros refused to talk about his meeting with Paulson, according to the Wall Street Journal.


We are just peons, all we can do is watch,


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.”

The American people must be made to understand that the

Managed Funds Association is “the secret government within the Obama administration,” Diamond argues. “

They had to give an example of bad behavior on Wall Street as a compelling reason to quickly pass the Dodd financial reform bill, but since they could not find any example from the ‘good Wall Street,’ who are the victims of their crimes, they had to use one of their own. The case, however, is deliberately designed to be weak by letting the big fish off the hook.”


They had to use one of their own, is it any wonder Obama had meetings with Lloyd Blankfein, four times recently?



[edit on 103030p://bSunday2010 by Stormdancer777]



posted on Apr, 25 2010 @ 10:41 AM
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History keeps repeating, and repeating, and repeating.

For those interesting in how events such as this just seem to keep happening over and over again, I highly recommend the following book: A People's History of the United States by Howard Zinn.

Known for its lively, clear prose as well as its scholarly research, A People's History is the only volume to tell America's story from the point of view of -- and in the words of -- America's women, factory workers, African-Americans, Native Americans, the working poor, and immigrant laborers. As historian Howard Zinn shows, many of our country's greatest battles -- the fights for a fair wage, an eight-hour workday, child-labor laws, health and safety standards, universal suffrage, women's rights, racial equality -- were carried out at the grassroots level, against bloody resistance. Covering Christopher Columbus's arrival through President Clinton's first term, A People's History of the United States, which was nominated for the American Book Award in 1981, features insightful analysis of the most important events in our history.

Revised, updated, and featuring a new after, word by the author, this special twentieth anniversary edition continues Zinn's important contribution to a complete and balanced understanding of American history.


Contemporaries who are mindful of "conspiracies" and the historical events influencing such, including this predictable outcome, should be fluent in the content of this book.



posted on Apr, 25 2010 @ 10:49 AM
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What is happening to Goldman? Why is everybody attacking Goldman. Maybe they are doing a typical takeover strategy where they take the top people and dump everybody else. Maybe with the Fed's close ties to Goldman, they are planning to more the Fed into the IMF and leave the shell of Goldman out to dry then let the politicians "end the fed."



posted on Apr, 25 2010 @ 10:51 AM
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These guys participated in the tanking of the economy on a scale that must make Osama Bin Laden envious, as even he couldn't do this. These people deserve to be called "enemy" also. Keep Gitmo open for THEM!



posted on Apr, 25 2010 @ 10:59 AM
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reply to post by SkepticOverlord
 



Can be read on line,

books.google.com... v&sig=bLIX1U2mxCAS19vFmETS_SrRRhY&hl=en&ei=IWbUS-OTM8O88ga0jLXjDw&sa=X&oi=book_result&ct=result&resnum=7&ved=0CCkQ6AEwBg#v=onepage&q&f=false



posted on Apr, 25 2010 @ 11:03 AM
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It's good to see that people are now realising the financial collapse was not some, huge mistake or act of God, but a calculated fraud. Will those behind it be brought to justice? And, what sort of punishment should they expect?



posted on Apr, 25 2010 @ 11:05 AM
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I skipped to chapter 23 and low and behold,

The Coming Revolt of The Guards,

books.google.com...'s+History+of+the+United+States++by+Howard+Zinn&source=bl&ots=B-



posted on Apr, 25 2010 @ 11:06 AM
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Originally posted by woodwardjnr
It's good to see that people are now realising the financial collapse was not some, huge mistake or act of God, but a calculated fraud. Will those behind it be brought to justice? And, what sort of punishment should they expect?


I never thought it was, the timing was to convenient.



posted on Apr, 25 2010 @ 11:32 AM
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Originally posted by ModernAcademia
...
How will this company stay in business?


Clinton and Bush has goldman execs hold seats in treasury

....
Goldman Was with obama from the get-go!
....

So Goldman is behind oil speculation too?
Is this something everyone knew and only I didn't?
Common knowledge??

....
Money is god and in god we trust!
Right??
....
You do not elect presidents, you elect money!



The first two quotes are question and answer.

Next quote. Obama is NOT socialist/marxist/communist


Next. An ATS search for "goldman sachs oil futures" will bring up threads from as far back as 2006 I believe. There were lively discussions around 2008.

Next.
We no more could "follow Jesus" as a nation; we could never renounce our possessions.

Last. Exactly. The tug of war is over how the money pie is divided up.



posted on Apr, 25 2010 @ 11:48 AM
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I have noticed with these types of revelations that the poeple paying the big money all have ties to those elite groups, ie; Colin Powel has attended bilderberg meetings, etc.. it is pretty clear, the people donating to obama's campaign, etc... everyone has heard all of this before...
The roads of corruption have quite a lot of traffic on them today don't they, and where it leads hasn't been looking good for the nation or even the world......



posted on Apr, 25 2010 @ 12:08 PM
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Originally posted by SkepticOverlord
History keeps repeating, and repeating, and repeating.

For those interesting in how events such as this just seem to keep happening over and over again, I highly recommend the following book: A People's History of the United States by Howard Zinn.


Contemporaries who are mindful of "conspiracies" and the historical events influencing such, including this predictable outcome, should be fluent in the content of this book.


Yes, let's fill in the gaps in historical knowledge.

This book excites people, but excites to either break the cycle or to demand leave the cycle alone.

So the questions are, whose side is one on, and how can the sides co-exist in economic symbiosis?



posted on Apr, 25 2010 @ 12:23 PM
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The problem is, none of this should come as a surprise, but it does.
Year after year, decade after decade, generation after.....

Look at the machine.
www.nndb.com...
You will find names that represent what "non-members" (you and me) are up against. Those names, the CFR, THEY know that most people will forget all of this soon enough. That is what they "bank" on.

If you want to read a behind the scenes account of how they are making "Ben Dover's" out of us all, read this.
www.deepcapture.com...

It is worth the time.



posted on Apr, 25 2010 @ 01:04 PM
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I bet Andrew Jackson is rolling in his grave on this news and as far as what we have here in the US today.

The Banks own everything, you and I ,and even our President for that matter.

Obama bows to Blankfein, head of Goldman Sachs.

Of course he does because they own every president.

Cheney stonewalled Gov. Spitzer with executive privilege when he attempted to stop the fraudulent mortgage underwriting in his state leading to the Sub Prime Mortgage Crisis....

We all know what happened to Spitzer. He was forever silenced with the call girl scandal. I'm fairly certain that his other option was to have his family silenced instead. And by silenced I mean suicided.

Just as Cheney's DC Madam was silenced too....remember ?

Andrew Jackson warned us about this and here we are today.

The Money Rich Elitists run everything in our lives.

But it only proves that money certainly IS the root of all evil.




[edit on 25-4-2010 by nh_ee]



posted on Apr, 25 2010 @ 01:04 PM
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Okay so doesn't this actually qualify as treason? I do believe it meets all requirements. So why aren't these people doing the perp walk? Oh yea that's right they pretty much run the government.

So now with this "new" information with all the people that defend Obama and all the people that defend the Republicans can we finally come to a agreement that the Government is actually a criminal organization that is doing everything against our interests?

Maybe if we could all agree that both the D's and R's are the enemy we could actually get some meaningful government reform going.



posted on Apr, 25 2010 @ 01:07 PM
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how come these guys aren't branded "global terrorists" since they collapsed the economy of the world?
Meanwhile people who visit the site and share their personal opinions about what is currently going on in this evil greedy world, get thrown in jail without any right under the patriot act?

Maybe the "people" of a "nation" should start a corporate union so we can hide behind lawyers and layers of false information as well.





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