Is Goldman Sachs Obama's Enron?

Look at how they defend Barry if you even bring it up.

The Dems carefully internally polled to find a new scapegoat to divert public interest in, and 'Wall street' care up as target #1. Now all their efforts are there, in the hope that the public will forget the dirty deals of Barrycare and teh Stimulous and view the government as 'avenging the little guys', a narritive they believe they can ride into novemeber.

Quite dishonest and extremly cynical.

I'm not defending "Barry." If GS did something fraudulent, then the facts need to be shaken out and appropriate action taken. In the meantime, however, just exactly what is it you would like "Barry" to do about it? The matter is in the hands of the SEC for now. And at least they're paying attention, for a change.
 
The GS investigation will likely be pretty much just like Enron. Bush did not know kenny boy nor will Obama know any GS leaders either.
And the biggest crooks will wind up with a bunch of money.


No, they will not be remotely similar.

The Enron prosecution involved senior executives. GS has served up a low level 30 year old as a sacrifice - while lobbying the Obama Administration to get specific features in the reform legislation for their own benefit.

Nor did Bush appoint former Enron staff to the White House.

He may not have officially "appointed" anyone from Enron, but we still never got an answer as to who from the private sector was "advising" on Dick Cheney's Energy Task Force. To think that someone from Enron would NOT have been on that committee is ludicrous.

And by the way, just for the record, I have never thought Tim Geithner was the right person for that job for that very reason. And I have called for his firing or resignation several times over the past year in various threads on USMB. Although I think he's competent, he is too close to the insiders. A potential conflict of interest always smells.
 
The GS investigation will likely be pretty much just like Enron. Bush did not know kenny boy nor will Obama know any GS leaders either.
And the biggest crooks will wind up with a bunch of money.


No, they will not be remotely similar.

The Enron prosecution involved senior executives. GS has served up a low level 30 year old as a sacrifice - while lobbying the Obama Administration to get specific features in the reform legislation for their own benefit.

Nor did Bush appoint former Enron staff to the White House.

It's not gonna work, you know.
 
That's the way the Left Wing Press develops and spreads its narratives.

Oh really? Odd then that it was that evil New York Times and an evil GE-owned CNBC who first broke the news.

Provided by The Business Insider, April 16, 2010:
sec charges goldman sachs with fraud on subprime mortgage: Tech Ticker, Yahoo! Finance
This just broke on CNBC, and the NYT has a huge story about this already...



And exactly WHAT narrative are they spreading?

Not the one about how Obama's administration received 10X the campaign donations from GS as did Bush's from Enron.

Not the one about how GS is lobbying for the financial reform that Obama is heralding as the response to the charges brought against GS.

Note how the focus is a 30 years old person who is not among senior management at GS. If Obama were really serious about ''getting" GS, Lloyd Blankfein would have been arrested. Instead, this is all Kabuki theater.
 
In DC they call it Government Sachs because of all of the former Sachs employees that now work for the executive branch. Yes this is one of Obama's Enron's, he has many many more.
The truth may never come out but this administration is crooked as hell.
 
In DC they call it Government Sachs because of all of the former Sachs employees that now work for the executive branch. Yes this is one of Obama's Enron's, he has many many more.
The truth may never come out but this administration is crooked as hell.

:eusa_hand::eusa_hand::eusa_hand:

Impossible.

They came from Chicago.:cool:
 
That's the way the Left Wing Press develops and spreads its narratives.

Oh really? Odd then that it was that evil New York Times and an evil GE-owned CNBC who first broke the news.

Provided by The Business Insider, April 16, 2010:
sec charges goldman sachs with fraud on subprime mortgage: Tech Ticker, Yahoo! Finance
This just broke on CNBC, and the NYT has a huge story about this already...



And exactly WHAT narrative are they spreading?

Not the one about how Obama's administration received 10X the campaign donations from GS as did Bush's from Enron.

Not the one about how GS is lobbying for the financial reform that Obama is heralding as the response to the charges brought against GS.

Note how the focus is a 30 years old person who is not among senior management at GS. If Obama were really serious about ''getting" GS, Lloyd Blankfein would have been arrested. Instead, this is all Kabuki theater.

Arrests made before all the facts are in? How often does that happen on your planet? Also, I immediately heard reports reminding about the campaign contributions ON THE 16TH. I was also very much aware that GS had given that amount to the Obama campaign long BEFORE this story broke. But the campaign contribution has NOTHING to do with the fraud charges, my dear, other than giving the appearance that GS expected favors which has yet to be resolved whether they did or not.

Geezus, you've already got the entire organization guilty of fraud, manipulation, and everything else you can conspire as fact as well, as convictions. Do you know how STUPID that sounds?
 
Try reading GS's most recent earnings release transcript.
 
Arrests made before all the facts are in? How often does that happen on your planet? Also, I immediately heard reports reminding about the campaign contributions ON THE 16TH. I was also very much aware that GS had given that amount to the Obama campaign long BEFORE this story broke. But the campaign contribution has NOTHING to do with the fraud charges, my dear, other than giving the appearance that GS expected favors which has yet to be resolved whether they did or not.

Geezus, you've already got the entire organization guilty of fraud, manipulation, and everything else you can conspire as fact as well, as convictions. Do you know how STUPID that sounds?
The donations to Obama likely inspired his vote for the bailout that saved Goldman from bankruptsy & allowing $ Billions in bonus's. It also got him to put ex-Goldman employees in his cabinet. What about the softball charge the SEC brought against Goldman? Goldman is likely to win against this BS charge. The Bush would have been rung-out in the media if Bush did anything like that.
 
It's important to note that Goldman Sachs' SUPPORTS the financial reform bill. It hurts their competitors - they even talked about how they expect to benefit from it during the call for their latest earnings.
 
It's important to note that Goldman Sachs' SUPPORTS the financial reform bill. It hurts their competitors - they even talked about how they expect to benefit from it during the call for their latest earnings.

Golly...You don't say!

Where have we seen this one before?

The Creature From Jekyll Island - G. Edward Griffin (download torrent) - TPB


That is an excellent book - read it a few years ago.

Griffin has a 12 part lecture on it available on YT.

[ame=http://www.youtube.com/watch?v=7auQEXTWomA]Jekyll Island part 1 of 12[/ame]
 
Fortunate Man! I'd like to meet him some day, too.
 
Bush was highly criticized for receiving approximately $150K of inflation adjusted campaign contributions from Enron executives and employees.

Obama has received over $1M of equivalent contributions from Goldman Sachs.

But the mere $151,722.42 (inflation adjusted) in contributions from Enron-affiliated executives, employees, and PACs to Bush hardly add up to Obama's $1,007,370.85 (inflation adjusted) from Goldman-affiliated executives and employees. That's also not taking into account how much Goldman contributed to Obama cabinet member Hillary Clinton ($415,595.63 inflation adjusted), which was itself almost three times as much as Bush received as well.

It would be fair to say that the total amount the Obama administration has received from those affiliated with Goldman Sachs is ten times that of what Bush received from Enron.


Is Goldman Obama's Enron? No, it's worse (Updated) | Washington Examiner

There's also a very interesting twist: Goldman Sachs is actually advocating for the financial reform:

A powerful alumni network plus bundles of campaign cash mean Goldman will get what it wants -- and contrary to the media narrative, what Goldman wants is not laissez-faire.

Politico quoted a Goldman lobbyist Monday saying, "We're not against regulation. We're for regulation. We partner with regulators." At least three times in Goldman's conference call Tuesday, spokesmen trumpeted the firm's support for more federal control.



Goldman Sachs wants regulation, not laissez-faire | Washington Examiner


Actually, this isn't Obama's Enron - it's much, much worse. Bush allowed Enron executives to be prosecuted. Goldman Sachs has served up a low level 30 year old sacrificial lamb on the altars of getting the government to do its dirty work of rigging the rules in their favor.

What about now?

That’s pretty much how Trump’s Cabinet is shaping up: a bit of populist rhetoric that fails to conceal a large concentration of the wealthy, well-connected people Trump claimed he was running against.

Trump’s latest pick continues that trend, with the president-elect choosing Gary Cohn, the president and chief operating officer of Goldman Sachs,
 

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