Focus on Goldman-Sachs

Read Goldman Sachs’ Abacus pitch book.

 

the CDO created by John Paulson which was in turn marketed to Goldman investors (sans the 411 that Paulson&Co was betting against it).

….a pervasive and systemic culture of deceit at Wall Street’s biggest firms ….

a collateralized debt obligation named ABACUS 2007-AC1, is emblematic of Wall Street’s role in fueling the housing boom, and then profiting off its bust, experts say. A hedge fund — betting on a bursting of that bubble, knowing the home mortgages on which that security was based — helped pick the worst of that lot to be included in that security. Goldman didn’t disclose that to investors, who happily gobbled it up.

Meanwhile, that hedge fund, Paulson & Co. Inc, made $1 billion. The investors lost about an equal amount. Goldman, meanwhile, racked up the fees.

 

 

 

 

 

Hank Paulson, Jr.

 

The German government may consider taking legal action in a case in which Goldman Sachs & Co. is accused of defrauding investors …

 

 

Goldman Sachs whose recent elucidation gave a glimpse into its manner of operation had helped Greece conceal it debts from public scrutiny. Goldman with this insider knowledge had then bet that Greece would default using derivatives, know known as Credit Default Swaps, (CDS) as Greece tumbles Goldman is expected to score billions.

Concerns about a potential default by Greece, is weighing on markets globally …

 

Cashing in

$16.2 billion

 

 

 

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Crocodile Tears on Wall Street.

…. are the culprits taking responsibility for devastating the lives of millions of ordinary Americans? …

the week’s award for sheer gall goes to a Chicago area hedge fund called Magnetar, named after a kind of neutron star that spews deadly radiation across the galaxies. Thanks to the teamwork of the investigative reporting website ProPublica, as well as public radio’s Planet Money project and “This American Life,” we learned that Magnetar worked with Citigroup, JPMorgan Chase, Merrill Lynch and other investment banks to create toxic CDO’s — collateralized debt obligations — securities backed by subprime mortgages that management knew were bad. Then Magnetar took that knowledge and bet against the very same investments they had recommended to buyers, selling short and making a fortune. …

 

 

 

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Politicians Asked “What country in the Middle East ACTUALLY has Nukes?” Watch the Weasels Squirm

 

… Just un-elect these weasels ….

 

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Media Consolidation and Complicity. How the news media fails us.

The Roots of the US Propaganda System.

Why is America so crazy? – You’re only as sane as the information you receive



http://www.youtube.com/watch?v=NsjbV23cto8&feature=player_embedded#! 

 

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Shorting The Middle Class: The Real Wall Street Crime

… The human toll of the shorting of the middle class is brought to life on sites like

http://www.bushstole04.com/media/media_embed_videos.htm#Recessionwire.com, LayoffSupportNetwork.com, and HowIGotLaidOff.com where the casualties of Wall Street’s systemic scam share their personal stories. 

…. AP – Goldman Sachs Group Inc. said Tuesday its first-quarter earnings almost doubled to $3.3 billion ….

 

Banker Lloyd Blankfein is the current CEO and Chairman of the international Jewish ‘investment banking’ company Goldman Sachs.

 

 

 

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Richard Fuld

 

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Fabrice Tourre,

 

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Will Wall Street crisis spur anti-Semitism?

NEW YORK (JTA)—In the world according to the comedy writers at “Saturday Night Live,” the pyramid of complicity in the current financial crisis runs like this:

On the bottom are poor and minority homeowners victimized by predatory lending. Next come condo-flipping yuppies out for a quick buck. They’re followed by rapacious bankers who cashed out before the economy crumbled. And on top are billionaire financiers who pocketed the government bailout and quickly moved it offshore.

In the SNL imagination, the top two categories seemingly are populated by Jews. …

a Goldman vice president whom the SEC said was mainly responsible for creating the questionable mortgage product, known as ABACUS, was charged with fraud. – Formerly Chairman and CEO of Lehman Brothers. http://en.wikipedia.org/wiki/Richard_S._Fuld,_Jr. 

 

 

http://www.jewishtribalreview.org/22wallst.htmhttp://www.jewishjournal.com/opinion/article/wall_street_main_street_jew_street_20081007/http://www.jewishjournal.com/nation/article/will_wall_street_crisis_spur_anti_semitism_20081007/http://topics.wsj.com/person/b/lloyd-c-blankfein/384http://zsidozas.wordpress.com/2009/12/09/hebrewnomics-lloyd-blankfein/http://www.huffingtonpost.com/arianna-huffington/shorting-the-middle-class_b_543523.htmlhttp://www.economist.com/blogs/democracyinamerica/2010/04/financial_reform_3http://www.smirkingchimp.com/thread/bill_moyers/28097/crocodile_tears_on_wall_streetBy Bill Moyershttp://www.washingtonsblog.com/2010/04/goldman-sacked.htmlhttp://www.youtube.com/watch?v=MMSa1WYUFJc&feature=youtube_gdata Goldman Sachs total remuneration 2009
$498,246 average pay per employee
$68 million how much Lloyd Blankfein, chairman and chief executive, earned in 2007
$10 billion Tarp money that Goldman took from US Government
32,500 Goldman employees including 300 partners
£1 million The pay cap agreed by the 100 most senior employees at Goldman Sachs in London because of the 50p bonus tax
Source: Times database http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article7100320.ecehttp://www.crwenews.com/?p=33150http://www.baynews9.com/content/9/2010/4/17/608462.html?title=Report%3A%20Germany%20may%20consider%20Goldman%20action%0A%20%20%20%20&cid=rsshttp://randycrow.com/articles/030209.htm (born March 28, 1946) served as the 74th United States Treasury Secretary. He previously served as the Chairman and Chief Executive Officer of Goldman Sachs. http://en.wikipedia.org/wiki/Henry_Paulsonhttp://www.cbsnews.com/video/watch/?id=6372812n&tag=related;photovideohttp://www.huffingtonpost.com/2010/04/17/janet-tavakoli-goldmans-f_n_541443.htmlhttp://www.huffingtonpost.com/2010/04/16/goldman-sachs-fraud-charg_n_540934.htmlhttp://blogs.reuters.com/reuters-dealzone/2010/04/16/read-goldman-sachs-abacus-pitch-book/

Here’s Goldman Sachs’ pitch book for ABACUS, the synthetic collateralized debt obligation at the heart of the SEC charges. The SEC alleged that Goldman structured and marketed ABACUS to hinge on the performance of subprime residential mortgage-backed securities. It alleged that Goldman did not tell investors “vital information” about ABACUS.

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2 Responses to “Focus on Goldman-Sachs”

  1. worzzz Says:

    Read Goldman Sachs’ Abacus pitch book.

    Here’s Goldman Sachs’ pitch book for ABACUS, the synthetic collateralized debt obligation at the heart of the SEC charges. The SEC alleged that Goldman structured and marketed ABACUS to hinge on the performance of subprime residential mortgage-backed securities. It alleged that Goldman did not tell investors “vital information” about ABACUS.

    http://blogs.reuters.com/reuters-dealzone/2010/04/16/read-goldman-sachs-abacus-pitch-book/

    the CDO created by John Paulson which was in turn marketed to Goldman investors (sans the 411 that Paulson&Co was betting against it).

    ….a pervasive and systemic culture of deceit at Wall Street’s biggest firms ….

    a collateralized debt obligation named ABACUS 2007-AC1, is emblematic of Wall Street’s role in fueling the housing boom, and then profiting off its bust, experts say. A hedge fund — betting on a bursting of that bubble, knowing the home mortgages on which that security was based — helped pick the worst of that lot to be included in that security. Goldman didn’t disclose that to investors, who happily gobbled it up.

    Meanwhile, that hedge fund, Paulson & Co. Inc, made $1 billion. The investors lost about an equal amount. Goldman, meanwhile, racked up the fees.

    http://www.huffingtonpost.com/2010/04/16/goldman-sachs-fraud-charg_n_540934.html

    http://www.huffingtonpost.com/2010/04/17/janet-tavakoli-goldmans-f_n_541443.html

    http://www.cbsnews.com/video/watch/?id=6372812n&tag=related;photovideo

    Hank Paulson, Jr. (born March 28, 1946) served as the 74th United States Treasury Secretary. He previously served as the Chairman and Chief Executive Officer of Goldman Sachs. http://en.wikipedia.org/wiki/Henry_Paulson

    http://randycrow.com/articles/030209.htm

    The German government may consider taking legal action in a case in which Goldman Sachs & Co. is accused of defrauding investors …

    http://www.baynews9.com/content/9/2010/4/17/608462.html?title=Report%3A%20Germany%20may%20consider%20Goldman%20action%20%20%20%20&cid=rss

    Goldman Sachs whose recent elucidation gave a glimpse into its manner of operation had helped Greece conceal it debts from public scrutiny. Goldman with this insider knowledge had then bet that Greece would default using derivatives, know known as Credit Default Swaps, (CDS) as Greece tumbles Goldman is expected to score billions.
    Concerns about a potential default by Greece, is weighing on markets globally …

    http://www.crwenews.com/?p=33150

    Cashing in
    $16.2 billion Goldman Sachs total remuneration 2009
    $498,246 average pay per employee
    $68 million how much Lloyd Blankfein, chairman and chief executive, earned in 2007
    $10 billion Tarp money that Goldman took from US Government
    32,500 Goldman employees including 300 partners
    £1 million The pay cap agreed by the 100 most senior employees at Goldman Sachs in London because of the 50p bonus tax
    Source: Times database http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article7100320.ece

    http://www.washingtonsblog.com/2010/04/goldman-sacked.html

    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

    Crocodile Tears on Wall Street. By Bill Moyers

    …. are the culprits taking responsibility for devastating the lives of millions of ordinary Americans? …

    the week’s award for sheer gall goes to a Chicago area hedge fund called Magnetar, named after a kind of neutron star that spews deadly radiation across the galaxies. Thanks to the teamwork of the investigative reporting website ProPublica, as well as public radio’s Planet Money project and “This American Life,” we learned that Magnetar worked with Citigroup, JPMorgan Chase, Merrill Lynch and other investment banks to create toxic CDO’s — collateralized debt obligations — securities backed by subprime mortgages that management knew were bad. Then Magnetar took that knowledge and bet against the very same investments they had recommended to buyers, selling short and making a fortune. …

    http://www.smirkingchimp.com/thread/bill_moyers/28097/crocodile_tears_on_wall_street

    http://www.economist.com/blogs/democracyinamerica/2010/04/financial_reform_3

    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

    Politicians Asked “What country in the Middle East ACTUALLY has Nukes?” Watch the Weasels Squirm

    … Just un-elect these weasels ….

    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

    Media Consolidation and Complicity. How the news media fails us.

    The Roots of the US Propaganda System.

    Why is America so crazy? – You’re only as sane as the information you receive

    http://www.bushstole04.com/media/media_embed_videos.htm#

    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

    Shorting The Middle Class: The Real Wall Street Crime

    … The human toll of the shorting of the middle class is brought to life on sites like Recessionwire.com, LayoffSupportNetwork.com, and HowIGotLaidOff.com where the casualties of Wall Street’s systemic scam share their personal stories.

    http://www.huffingtonpost.com/arianna-huffington/shorting-the-middle-class_b_543523.html

    …. AP – Goldman Sachs Group Inc. said Tuesday its first-quarter earnings almost doubled to $3.3 billion ….

    Banker Lloyd Blankfein is the current CEO and Chairman of the international Jewish ‘investment banking’ company Goldman Sachs.

    http://zsidozas.wordpress.com/2009/12/09/hebrewnomics-lloyd-blankfein/

    http://topics.wsj.com/person/b/lloyd-c-blankfein/384

    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

    Richard Fuld – Formerly Chairman and CEO of Lehman Brothers. http://en.wikipedia.org/wiki/Richard_S._Fuld,_Jr.

    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

    Fabrice Tourre, a Goldman vice president whom the SEC said was mainly responsible for creating the questionable mortgage product, known as ABACUS, was charged with fraud.

    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

    Will Wall Street crisis spur anti-Semitism?

    NEW YORK (JTA)—In the world according to the comedy writers at “Saturday Night Live,” the pyramid of complicity in the current financial crisis runs like this:
    On the bottom are poor and minority homeowners victimized by predatory lending. Next come condo-flipping yuppies out for a quick buck. They’re followed by rapacious bankers who cashed out before the economy crumbled. And on top are billionaire financiers who pocketed the government bailout and quickly moved it offshore.
    In the SNL imagination, the top two categories seemingly are populated by Jews. …

    http://www.jewishjournal.com/nation/article/will_wall_street_crisis_spur_anti_semitism_20081007/

    http://www.jewishjournal.com/opinion/article/wall_street_main_street_jew_street_20081007/

    http://www.jewishtribalreview.org/22wallst.htm

  2. worzzz Says:

    Analysis: Is Wall Street banks behind Greek crisis?

    … the manner in which hedge funds and others are perceived to be betting against the euro in general, and the debt of economically “peripheral” countries such as Greece in particular, by using derivative instruments such as credit default swaps. But it also stems from the role that Wall Street titans such as Goldman have played in helping Greece and other eurozone countries to massage their debt data over the past decade to meet European limits — and thus to mask some of the fiscal woes that have now come back to haunt international markets. ….

    Goldman burst on to the Athens scene in 2002 by arranging a massive swaps transaction aimed at reducing the cost of financing that country’s public debt, which had reached a level that exceeded annual gross domestic product. The deal involved some €5bn ($6.8bn, £4.4bn) of off-market cross-currency swaps linked to outstanding Greek debt, where bonds denominated in yen and dollars were swapped for euros.
    Because it was treated as a currency trade rather than a loan, it helped Greece to meet European Union deficit limits while pushing repayments far into the future. ….

    The nature of the Goldman deal was, however, that it remained out of public view and did not show up on Greece’s balance sheet until the following year ….

    “You have the sense that banks have been playing all sides of this, making money whatever happens to Greece.”

    http://www.ft.com/cms/s/0/87c3d0c6-1b30-11df-953f-00144feab49a,dwp_uuid=2b8f1fea-e570-11de-81b4-00144feab49a.html

    http://www.ft.com/indepth/greece-debt-crisis

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    California is a greater risk than Greece, warns JP Morgan chief

    http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7326772/California-is-a-greater-risk-than-Greece-warns-JP-Morgan-chief.html

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    UK deficit set to overtake Greece’s

    http://www.ft.com/cms/s/0/7acaba3a-5873-11df-9921-00144feab49a.html

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