U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 04-21-2009, 08:34 AM
 
Location: San Diego California
6,797 posts, read 6,639,309 times
Reputation: 5180

Advertisements

To those who would rather stick their head in the sand, and believe everything is, and is going to be ok, read this article and try to remember that this is not being published by some wako conspiracy theorist, this is the Wall St Journal. http://www.marketwatch.com/news/story/even-jack-bauer-couldnt-stop/story.aspx?guid={BE0D1772-A628-454D-80BF-C4484CEBA7DF}&siteid=yahoomy&ref=patrick.net
Rate this post positively Reply With Quote Quick reply to this message

 
Old 04-21-2009, 01:05 PM
 
Location: So Cal
90 posts, read 515,250 times
Reputation: 105
Waw!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-21-2009, 07:37 PM
 
Location: where you sip the tea of the breasts of the spinsters of Utica
8,299 posts, read 12,872,119 times
Reputation: 8068
Thanks, Jimhcom, a very good and important read.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-21-2009, 10:08 PM
 
Location: Georgia, on the Florida line, right above Tallahassee
10,474 posts, read 14,518,696 times
Reputation: 6378
Hrmm... i see we both read Patrick.net....and I thought I was the only one!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-22-2009, 04:22 PM
 
Location: North Central Florida
6,213 posts, read 6,843,438 times
Reputation: 3919
I agree, a very good read. The somewhat cryptic link makes it difficult to get too. I'd suggest going to the patrick.net site, and find the link under the April 21 2009 heading and use that. It works good. Looks like some other good reading at that site as well.....
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-22-2009, 05:30 PM
 
Location: Castle Hills
1,133 posts, read 2,421,953 times
Reputation: 611
Thats funny. I have been reading patrick.net for about 4 years now!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-22-2009, 07:33 PM
 
19,346 posts, read 16,976,749 times
Reputation: 7518
You couldn't tell this to people when I started in 2006. Rothschilds didn't go anywhere and I am certain Goldman Sachs is their office in the US. They already had it in 1850 when Fredrick Morton estimated Rothschild to be worth 6 billion in 1850.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-22-2009, 07:51 PM
 
12,869 posts, read 13,701,239 times
Reputation: 4453
hope everybody reads this article and loved this comment:
* Timothy Geithner is tightly linked to GS because he was the Fed president under Stephen Friedman who still is the NY Fed chairman while also sitting on the GS Board.
* Robert Rubin was Clinton's Treasury Secretary who pushed for the deregulation and putting the Carter-era Community Reinvestment Act on steroids. The CRA punished lenders if they limited lending to wealthier, morewhich led to this mess. Rubin came to Treasury job from...Goldman Sachs.
* Geithner's Chief of Staff, Mark Patterson, was a lobbyist for...Goldman Sachs.
* Goldman Sach's William Dudley to head the Federal Reserve Bank of New York market's group in 2006.
* Enter Hank Paulson, who has spent the past 8 years as Goldman Sachs chairman and CEO. He joined the firm in 1974 after serving as White House Domestic Council in the Nixon Administration.
* Treasury Secretary Henry Paulson, who ran...Goldman Sachs from 1999 to 2006, handpicked fellow Goldman veteran Neil Kashkari to oversee Treasury’s planned acquisition of $700 billion in distressed mortgage-related assets. Goldman, of course, will receive a chunk of that $700 billion, the Wall Street Journal reported Oct. 14.
* As Treasury Secretary, Paulson may have to dump some stock (he is the single largest shareholder in Goldman Sachs according to its 2006 proxy statement, with 4.6 million shares) to decrease his overwhelming conflict of interest, but even if he sells his unrestricted stock, he'll still have several hundred million bucks in RSU (restricted stock unit) awards, which are not immediately sellable. This could place him in a position where maintaining his financial well-being could necessitate supporting policies positive to Goldman's short-term stock price over long-term needs of the general economy, like dividend tax cuts.
* The "new" AIG CEO, Liddy, who was appointed by Paulson, came from Goldman Sachs.
* Goldman Sachs investment banking firm and its employees have spent more than $43 million dollars on lobbying and campaign contributions to cultivate friends and buy influence in Washington, D.C. since 1989, according to an ABC News analysis of campaign finance records compiled by the Center for Responsive Politics.
* Kudlow and Cramer, by the way, hail from the same corrupt institution

CAN'T WE GET SOMEONE WHO IS NOT CONNECTED IN ANY WAY TO WALL STREET, AND THAT HAS A CLEAN AND TRANSPARENT FINANCIAL STATEMENT AND TIMELY FILED TAX RETURNS???

i guess not!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-22-2009, 08:36 PM
 
Location: Two Rivers, Wisconsin
12,766 posts, read 12,537,132 times
Reputation: 12821
Very interesting!!!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-22-2009, 09:54 PM
 
Location: San Diego California
6,797 posts, read 6,639,309 times
Reputation: 5180
Quote:
Originally Posted by floridasandy View Post
hope everybody reads this article and loved this comment:
* Timothy Geithner is tightly linked to GS because he was the Fed president under Stephen Friedman who still is the NY Fed chairman while also sitting on the GS Board.
* Robert Rubin was Clinton's Treasury Secretary who pushed for the deregulation and putting the Carter-era Community Reinvestment Act on steroids. The CRA punished lenders if they limited lending to wealthier, morewhich led to this mess. Rubin came to Treasury job from...Goldman Sachs.
* Geithner's Chief of Staff, Mark Patterson, was a lobbyist for...Goldman Sachs.
* Goldman Sach's William Dudley to head the Federal Reserve Bank of New York market's group in 2006.
* Enter Hank Paulson, who has spent the past 8 years as Goldman Sachs chairman and CEO. He joined the firm in 1974 after serving as White House Domestic Council in the Nixon Administration.
* Treasury Secretary Henry Paulson, who ran...Goldman Sachs from 1999 to 2006, handpicked fellow Goldman veteran Neil Kashkari to oversee Treasury’s planned acquisition of $700 billion in distressed mortgage-related assets. Goldman, of course, will receive a chunk of that $700 billion, the Wall Street Journal reported Oct. 14.
* As Treasury Secretary, Paulson may have to dump some stock (he is the single largest shareholder in Goldman Sachs according to its 2006 proxy statement, with 4.6 million shares) to decrease his overwhelming conflict of interest, but even if he sells his unrestricted stock, he'll still have several hundred million bucks in RSU (restricted stock unit) awards, which are not immediately sellable. This could place him in a position where maintaining his financial well-being could necessitate supporting policies positive to Goldman's short-term stock price over long-term needs of the general economy, like dividend tax cuts.
* The "new" AIG CEO, Liddy, who was appointed by Paulson, came from Goldman Sachs.
* Goldman Sachs investment banking firm and its employees have spent more than $43 million dollars on lobbying and campaign contributions to cultivate friends and buy influence in Washington, D.C. since 1989, according to an ABC News analysis of campaign finance records compiled by the Center for Responsive Politics.
* Kudlow and Cramer, by the way, hail from the same corrupt institution

CAN'T WE GET SOMEONE WHO IS NOT CONNECTED IN ANY WAY TO WALL STREET, AND THAT HAS A CLEAN AND TRANSPARENT FINANCIAL STATEMENT AND TIMELY FILED TAX RETURNS???

i guess not!
Great points! Nice to know a few people are paying attention.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics

All times are GMT -6.

¬© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top