Tag Archives: Goldman Sachs

Gulf Oil Spill a (Purposeful) ‘Opportunity’?

Robert Gibbs says former FEMA director Michael Brown intimated that the Gulf Spill was ‘leaked on purpose’, though apparently, he made no such accusations. Is Gibbs leaking to us that it was a done on purpose?

Brown Never Said Obama Was Behind The Oil Spill


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Barack Obama turns the oil spill into his poor man’s 9/11 to revive Cap-and-Trade climate legislation

“You never let a serious crisis go to waste,” Rahm Emanuel, Barack Obama’s chief of staff, famously remarked. “And what I mean by that it’s an opportunity to do things you think you could not do before.” The extent to which his master has absorbed this maxim is demonstrated by Obama’s exploitation of the Gulf of Mexico oil spill.

After obsessively demonising “British Petroleum”, as his administration calls BP – a company 40 per cent British and 40 per cent American owned – Obama plumbed new depths this week by comparing the accident to the Twin Towers atrocity in 2001. To equate an environmental accident in which 11 workers tragically lost their lives with a ferocious terrorist attack that killed 2,995 people, 67 of them British, shows the extent to which Obama has lost touch with reality.

His agenda is to exaggerate the significance of the oil spill crisis to massive proportions, for two reasons. The first is that, the more Americans can be persuaded to regard the accident as a monumental, historic disaster, the less his patent impotence in the face of it will appear blameworthy. His second reason is that, in accordance with the Emanuel doctrine, he sees this as an opportunity to breathe new life into his moribund Cap-and-Trade climate change legislation.

The House of Representatives narrowly passed the climate change Bill last year, but it has stalled in the Senate. Last month, in the wake of the BP oil rig explosion, Senators John Kerry and Joe Lieberman introduced a “compromise” Bill in the Senate to which Obama is desperate to give a fair wind. He is trying to whip up a green frenzy, to persuade Americans of the evil of oil. Yet ironically, as Senate Minority Leader Mitch McConnell reminded his colleagues last week, “it’s been widely reported that a major part, a major part of the Kerry-Lieberman Bill was essentially written by BP”.

Cap-and-Trade is extremely difficult to pass in Congress, especially after the forcing through of the unpopular health care legislation, as more and more Americans begin to waken up to the consequences of Obama’s climate change programme. A freedom of information initiative has disclosed that, in contradiction of claims made by the administration, a study by the US Department of Treasury estimated that Cap-and-Trade laws would impose new taxation of up to $200bn a year, equivalent to a 15 per cent increase in income tax.

That is why Obama is trying, very unconvincingly, to brainwash Americans into thinking they are facing a crisis as grave as 9/11 – presumably casting BP as the new al-Qaeda – in order to gain support for legislation that would ratchet up energy prices, destroy jobs and cause the economy to contract. The fact that he is reduced to so transparent an imposture is testimony to how dramatically his status and credibility have shrunk during his 17 months in office. The latest Rasmussen Presidential Tracking Poll has his Presidential Approval Index rating at a humiliating –18, with 42 per cent strongly disapproving of his performance and just 24 per cent strongly approving. It is that haemorrhaging of support in the run-up to mid-term elections, rather than the oil leak, that is Obama’s real crisis.

Oil Spill, Climate Bill
Obama blocked clean-up of BP oil spill by America’s allies; Failed to issue timely Jones Act waiver
Goldman Sachs sold $250 million of BP stock before spill

One Million Troops Ordered for Civil War?

Is Obama Really Preparing For Civil War?

According to an obscure report in the European Union Times (EUTimes.net), “Russian Military Analysts are reporting to Prime Minister Putin that US President Barack Obama has issued an order to his Northern Command’s (USNORTHCOM) top leader, US Air Force General Gene Renuart, to ‘begin immediately’ increasing his military forces to 1 million troops by January 30, 2010, in what these reports warn is an expected outbreak of civil war within the United States before the end of winter.

“According to these reports, Obama has had over these past weeks ‘numerous’ meetings with his war council abut how best to manage the expected implosion of his Nation’s banking system while at the same time attempting to keep the United States military hegemony over the World in what Russian Military Analysts state is a ‘last ditch gambit’ whose success is ‘far from certain.'”

The EU Times article continues by saying, “To the fears of Obama over the United States erupting into civil war once the full extent of the rape and pillaging of these peoples by their banks and government becomes known to them, grim evidence now shows the likelihood of this occurring much sooner than later.”

The Times story goes on to say that there are “over 220 million American people armed to the teeth and ready to explode.”

The Times article concludes by saying, “Though the coming civil war in the United States is being virtually ignored by their propaganda media, the same cannot be said of Russia, where leading Russian political analyst, Professor Igor Panarin has long warned that the economic turmoil in the United States has confirmed his long-held view that the US is heading for collapse.”

Many of us would be inclined to pooh-pooh such a story, but then there is this column from Bloomberg.com entitled “Arming Goldman With Pistols Against Public,” written by Alice Schroeder. According to Ms Schroeder:

“‘I just wrote my first reference for a gun permit,’ said a friend, who told me of swearing to the good character of a Goldman Sachs Group Inc. banker who applied to the local police for a permit to buy a pistol. The banker had told this friend of mine that senior Goldman people have loaded up on firearms and are now equipped to defend themselves if there is a populist uprising against the bank.” Full Story

Max Keiser: Goldman Sachs More Dangerous than bin Laden

Part One
Max Keiser takes offense to Goldman Sachs story

Part Two
Max Keiser takes offense to Goldman Sachs oligarchy

Goldman Sachs: Engineering the Great Depression

The Great American Bubble Machine

From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression – and they’re about to do it again

The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who’s Who of Goldman Sachs graduates.

By now, most of us know the major players. As George Bush’s last Treasury secretary, former Goldman CEO Henry Paulson was the architect of the bailout, a suspiciously self-serving plan to funnel trillions of Your Dollars to a handful of his old friends on Wall Street. Robert Rubin, Bill Clinton’s former Treasury secretary, spent 26 years at Goldman before becoming chairman of Citigroup — which in turn got a $300 billion taxpayer bailout from Paulson. There’s John Thain, the asshole chief of Merrill Lynch who bought an $87,000 area rug for his office as his company was imploding; a former Goldman banker, Thain enjoyed a multibilliondollar handout from Paulson, who used billions in taxpayer funds to help Bank of America rescue Thain’s sorry company. And Robert Steel, the former Goldmanite head of Wachovia, scored himself and his fellow executives $225 million in goldenparachute payments as his bank was selfdestructing. There’s Joshua Bolten, Bush’s chief of staff during the bailout, and Mark Patterson, the current Treasury chief of staff, who was a Goldman lobbyist just a year ago, and Ed Liddy, the former Goldman director whom Paulson put in charge of bailedout insurance giant AIG, which forked over $13 billion to Goldman after Liddy came on board. The heads of the Canadian and Italian national banks are Goldman alums, as is the head of the World Bank, the head of the New York Stock Exchange, the last two heads of the Federal Reserve Bank of New York — which, incidentally, is now in charge of overseeing Goldman — not to mention … Full Story

Amy Goodman Interview with Matt Taibbi

Wallstreet Needs Your Bailout Money to Pay for Prostitution

CEOs, Bankers Used Corporate Credit Cards for Sex, Says New York Madam
Wall Street Exposed as Convicted Escort Boss Reveals Client List of 9,800

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Wall street lawyers, investment bankers, CEOs and media executives often used corporate credit cards to pay for $2,000 an hour prostitutes, according to the madam who ran one of New York’s biggest and most expensive escort services until it was busted last year.

But prosecutors in the Manhattan District Attorney’s office chose not to pursue any of the corporate titans, says Kristin Davis, who pleaded guilty last year to charges of running a prostitution business that used more than a hundred women.

“They showed no interest,” said Davis in an interview for broadcast Friday on the ABC News program 20/20.

“Some of these guys, I was invoicing on corporate credit cards,” she said. “I was writing up monthly bills for computer consulting, construction expenses, all of these things, I was invoicing them monthly so they could get it by their accountants,” Davis said.

A spokesperson said district attorney Robert Morgenthau had “no comment” on the handling of Davis’ case or her allegations.

Davis provided ABC News with a print-out of her computerized client list, the same one she says that was offered to the district attorney.

The document shows Davis kept meticulous notes about her clients, their credit card numbers and mobile phone numbers.

The Clients

Among the names ABC News was able to confirm on the list:

* a vice president of NBC Universal

* the part owner of a Major League Baseball team who “loves Kelsey”

* the CEO of one of the country’s largest private equity firms who met “Cameron” at the Peninsula Hotel

* a major New York real estate developer who, according to the list, “will come to the door wearing women’s panties,” and who spent nearly $100,000

* a partner at the Wall Street law firm Cravath Swaine Moore “looking for a party girl to come fully equipped” and spent a total of $20,000

* an investment banker from Lehman Brothers who saw “Kelsey and Keely together” and later saw “Aria and Skyler at the same time”

* an investment banker at JP Morgan Securities who “loves Brooke” and spent $41,600

* an investment banker at Goldman Sachs who “only wanted all-American girls” and spent $27,000

* a managing director from Merrill Lynch who saw “Lana” using the name “Nataly”

* a managing director from Deutsche Bank “who called about seeing Nataly again”

Full Story and Video