Abuse of power: Wall Street suspects Goldman charges 'not coincidental'

Discussion in 'Politics' started by teapartysamurai, Apr 18, 2010.

  1. teapartysamurai
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    teapartysamurai Gold Member

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    Wall Street suspects Goldman charges 'not coincidental' to financial reform effort

    Now you don't have to be a Wall Street expert to understand what is going on around here, and YES it belongs in politics.

    It's not about business. It IS about politics. This is about the USSC decision that corporations CAN contribute and make political messages before elections. This scares the crap about of liberal. They want to propagandize the country that all business is eeeeeeeeeevil and only Obama can save them from it.

    They can't have free speech where businesses are allowed to fight back. So they need this "reform" to help staunch this.

    But it looks like Orwell said a long time ago, some busineses are not as evil as others.

    Shades of Chris Dodd.

    ;)
     
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  2. Truthmatters
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    Truthmatters BANNED

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    Tell us how you are going to win any elections by taking the side of the assholes who crashed the world economy and ruined many American families?

    What do you think caused this crash?
     
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  3. teapartysamurai
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    teapartysamurai Gold Member

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    A large part of it was Freddie, Fannie, Chriss Dodd and Barney Frank.

    Guess who stood in the way of reforming that?
     
  4. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    It's not coincidental. More interesting spin:

    Goldman Sachs Group Inc. will benefit from President Barack Obama’s proposal to limit Wall Street risk because it may force its competitors to unwind trading operations, Rochdale Securities analyst Dick Bove said.

    Obama called for limiting speculation by financial institutions as a way to reduce the risk of another credit crisis. The proposals would prohibit banks from running proprietary trading operations solely for their own profit and sponsoring hedge funds and private equity funds.

    Unlike Goldman Sachs, “banks with large deposit bases have distinct advantages in certain sectors of the market,” Bove wrote in a report today. “If the banks are told they cannot use deposits in this fashion in the future, it ‘levels the playing field’ for companies like Goldman Sachs. This is not a time to sell this stock, it is a time to buy it.” ...


    Goldman Will Benefit From Obama?s Proposal, Bove Says (Update2) - Bloomberg.com
     
  5. Xenophon
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    Xenophon Gone and forgotten

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    Already posted this.
     
  6. The T
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    The T George S. Patton Party Supporting Member

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    And Dodd thinks he escapes prosecution by retiring if the truth of this matter really explodes and those whom caused this were held to account.
     
  7. Zona
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    Zona A guy in ariZONA

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    AAAAAaaaaannnnnndddddd end the thread. There is nothing that can be said better than this.
     
  8. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    You poor muddle headed idiot.

    Goldman will actually benefit from Obama & Dodd's financial reforms by using the heavy hand of government to hurt the competition.
     
  9. blu
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    blu Senior Member

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    is this gop hacks trying to excuse goldman sachs illegal behavior in order to attack obama? how pathetic
     
  10. The Rabbi
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    The Rabbi Diamond Member

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    Hmm, anyone else think the prosecution is politically motivated to help the Dums in the election bid, in a year when probably Wall St Banks still rank higher in esteem among Americans than Congress?
    The whole thing stinks of politics. Looks like Eliot Spitzer running things. I predict after a lengthy trial the judge will throw the whole thing out.
     

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