Bernie Sanders (I) not a big fan of Goldman CEO

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Hillary on the other hand seems to be one of his fan grls

I have to say that I'm not a supporter either despite their aggressive media window dressing advertisement campaign after they helped to crater the economy by betting against it

Bernie has Goldman Sachs CEO running scared: Sanders’ candidacy is a ‘dangerous moment’

I must say, I'm not a big fan of his either



http://dealbook.nytimes.com/2011/06/15/misdirection-in-goldman-sachss-housing-short/

 

[JimBowie1958]

Selling bad securities is a Goldman Sachs tradition, hence why they refer to the customers as 'muppets'. And Goldman Sachs 'alumni' are found in the top Central Banks and treasuries of almost every European nation and the EU itself.

The European Stabilization Mechanism, Or How Goldman Sachs Captured Europe

In September 2008, Henry Paulson, former CEO of Goldman Sachs, managed to extort a $700 billion bank bailout from Congress. But to pull it off, he had to fall on his knees and threaten the collapse of the entire global financial system and the imposition of martial law; and the bailout was a one-time affair. Paulson’s plea for a permanent bailout fund—the Troubled Asset Relief Program or TARP—was opposed by Congress and ultimately rejected.
By December 2011, European Central Bank president Mario Draghi, former vice president of Goldman Sachs Europe, was able to approve a 500 billion Euro bailout for European banks without asking anyone’s permission. And in January 2012, a permanent rescue funding program called the European Stability Mechanism (ESM) was passed in the dead of night with barely even a mention in the press. The ESM imposes an open-ended debt on EU member governments, putting taxpayers on the hook for whatever the ESM’s Eurocrat overseers demand.
The bankers’ coup has triumphed in Europe seemingly without a fight. The ESM is cheered by Eurozone governments, their creditors, and “the market” alike, because it means investors will keep buying sovereign debt. All is sacrificed to the demands of the creditors, because where else can the money be had to float the crippling debts of the Eurozone governments?
There is another alternative to debt slavery to the banks. But first, a closer look at the nefarious underbelly of the ESM and Goldman’s silent takeover of the ECB . . .

 

[JimBowie1958]

DID GOLDMAN SACHS HELP GREECE “COOK ITS BOOKS?”

The mismanagement of the Greek economy and financial affairs has caused a major crisis in the Eurozone. The Euro itself may eventually need restructuring as a result of this crisis. Germany, which is expected to lead the bail-out of Greece, has reason to be especially angry at Goldman Sachs for its role in hiding the crisis and allowing it to get worse over time.
The first four links offer various perspectives on this important issue. The first link flatly states that Goldman Sachs “helped Greece hide catastrophic debt” via “creative accounting.” Specifically, Greece used Goldman Sachs to “concoct a derivatives deal that allowed the country to circumvent EU rules.” Amazingly, this deceptive Goldman Sachs/Greek deception began in 2002 and was only recently discovered. The link adds that the “Goldman-Greek deal…invent[ed] a fictional exchange rate…[and] mask[ed] the true size of its debt.” Obviously by any layman’s standard, the entire deal reeks of deception and dishonesty. Angry nations in the EU must wonder if any of Goldman Sachs’ dealings with sovereign nations can be trusted.
The second link is the original New York Times expose of the nefarious Goldman-Greek deal. It reports the derivatives deal done by Goldman “mislead investors and regulators about the depth of a country’s liabilities.” It reveals the Greek debts to be a mind-numbing $300 billion, a stunning debt level for a small nation. It adds that the deal has been sharply criticized in Germany’s influential Der Speigel publication.
This is a huge issue in global financial markets because this Goldman Sachs-Greek deception begs this question: How many other nations are being helped by Goldman Sachs (or other major Wall Street financial firms) to hide their governmental economic sins from their own people and other nations? It seems unlikely that Greece would prove to be an isolated occurrence. Indeed, are any nations telling the truth to their own people and other nations about how severe their debt and economic problems really are? The third link, from the British press, adds that Goldman Sachs is not the only Wall Street firm doing questionable deals with sovereign nations. It reports that “Italy…did a controversial transaction with Morgan Stanley.” Italy, Portugal and Spain are often reported as the nations most likely to follow Greece into severe economic problems which could result in those nations being cut loose from the Eurozone. The fourth link, from The Huffington Post, adds that “Greece has been hiding the extent of its debt for years with the help of big U.S. banks,” and calls for Congress to take the long-needed step of regulating derivatives deals and imposing some honest conduct on large Wall Street firms.

 

[JimBowie1958]

List of Goldman Sachs employees in the White House

Goldman Sachs Personnel in the Barack Obama White House

Lael Brainard: Brainard is the United States Under Secretary of the Treasury for International Affairs in the administration of Obama.
Gregory Craig: Former White House Counsel, Recently hired by Goldman Sachs.
Thomas Donilon: Deputy National Security Adviser (despite having a career that is mostly involved with domestic politics). Donilon was a lawyer at O’Melveny and Myers and made almost $4 million representing meltdown clients including Penny Pritzker (of Chicago) and Goldman Sachs.
William C. Dudley: President and Chief Executive Officer of the Federal Reserve Bank of New York, partner and managing director at Goldman Sachs and was the firm’s chief U.S. economist for a decade.
Douglas Elmendorf: Obama Director of the Congressional Budget Office in January 2009, replaced Furman as Director of the Hamilton Project (Note that the Hamilton Project was funded by Robert Rubin and Goldman Sachs).


Rahm Emanuel: Obama Chief of Staff, on the payroll of Goldman Sachs receiving $3,000 per month from the firm to “introduce us to people", in the words of one Goldman Sachs partner at the time.
Dianna Farrell: Obama Administration: Deputy Director, National Economic Council. Former Goldman Sachs Title: Financial Analyst.
Stephen Friedman: Obama Administration: Chairman, President’s Foreign Intelligence Advisory Board. Former Goldman Sachs Title: Board Member (Chairman 1990-94; Director 2005).
Michael Frohman: Robert Rubin’s Chief of Staff while Rubin served as Secretary of the Treasury and an Obama “head hunter” according to “Rubin Proteges Change Their Tune as They Join Obama’s Team” in the New York Times.
Anne Fudge: Appointed to Obama budget deficit reduction committee. Fudge has been the PR craftsman for some of America’s largest corporations. She sits, according to the Washington Post, as a Trustee of the Brookings Institution within which the Hamilton Project is embedded.
Jason Furman: Directed economic policy for the Obama Presidential Campaign, served as the second Director of the Hamilton Project after Peter Orszag’s departure for the Obama administration.
Mark Gallogly: Sits on the Hamilton Project’s advisory council. He is also, according to Wikipedia, currently a member of President Obama’s Economic Recovery Advisory Board.
Timothy Geithner: Secretary of the Treasury, former President of the New York Fed. a former managing director of Goldman Sachs.
Gary Gensler: Obama Administration: Commissioner of the Commodity Futures Trading Commission. Former Goldman Sachs Title: Partner and Co-head of Finance.
Michael Greenstone: The 4th Director of the Hamilton Project. Just as attorney Craig went from advising Obama to defending Goldman Sachs against the SEC complaint, Greenstone has used the revolving door to go from an Obama economic adviser position to one of the Goldman Sachs outlets - in this case its think tank embedded in the Brookings Institution and funded by Goldman Sachs and Robert Rubin. All 3 previous Directors of the Hamilton Project work in the Obama administration.
Robert Hormats: Obama Administration: Undersecretary for Economic, Energy and Agricultural Affairs, State Department. Former Goldman Sachs Title: Vice Chairman, Goldman Sachs Group.
Neel Kashkari: Served under Treasury Secretary Paulson (a former Goldman Sachs CEO) and was kept on by Obama after his inauguration for a limited period to work on TARP oversight. Former Vice President of Goldman Sachs in San Francisco where he led Goldman’s Information Technology Security Investment Banking practice.
Karen Kornbluh: (Sometimes called "Obama’s brain") Obama Ambassador to the OECD. Was Deputy Chief of Staff to 'Mr. Goldman Sachs', Robert Rubin.
Jacob "Jack" Lew: The United States Deputy Secretary of State for Management and Resources. According to Wikipedia, Lew sits on the Brookings-Rubin funded Hamilton Project Advisory Board. He also served with Robert Rubin in Bill Clinton’s cabinet as Director of OMB.


David Lipton: Now on Obama’s National Economic Council and the National Security Council. Lipton worked with Larry Summers and Timothy Geithner on the US response to the Asian financial crisis of the 1990’s. MergeFoundations reports that Lipton worked closely with Robert Rubin.
Emil Michael: White House Fellow. Former investment banker with Goldman Sachs.
Eric Mindich: Former chief strategy officer of New York-based Goldman Sachs, started Eton Park in 2004 with $3.5 billion, at the time one of the biggest hedge-fund launches ever. .....Hank Paulson Tipped Off The Goldman-Led "Plunge Protection Team" About Fannie Bankruptcy 7 Weeks In Advance (2007): Goldman operative Eric Mindich in the hierarchy of the Asset Managers' committee of the President's Working Group on Capital Markets, better known of course as the PPT (in 2009).
Philip Murphy: Obama Administration: Ambassador to Germany. Former Goldman Sachs Title: Head of Goldman Sachs, Frankfurt.
Barack Obama: Obama owes his career to Goldman Sachs which was not only his biggest financial contributor when he ran for the Presidency, but was also his biggest contributor when he ran for the US Senate.
Peter Orszag: Obama Budget Director. Founding director of the Hamilton Project, funded by Goldman Sachs and Robert Rubin. Wikipedia indicates that Robert Rubin, Goldman’s ex-CEO, was one of Orszag’s mentors.
Mark Patterson: Obama Administration: Chief of Staff to Treasury Secretary Timothy Geitner. Former Goldman Sachs Title: Lobbyist 2005-2008; Vice President for Government Relations.
Mark Peterson: Chief of staff to Timothy Geithner. Goldman Sachs Vice President and lobbyist.
Steve Ratner: The shady billionaire financier who Obama appointed as his “car czar” and who resigned after it was revealed that his company, the Quadrangle Group, was apparently involved in “pay to play” for a billion dollars or so of New York State pension funds, and was under possible indictment by the New York AG and the SEC. Sits on the Advisory Council of the Goldman funded Hamilton Project.
Robert Reischauer: A member of the Medicare Payment Advisory Commission from 2000-2009 and was its Vice Chair from 2001-2008. He too sits on the Hamilton Project’s advisory board.
Alice Rivlin: Obama named Alice Rivlin to his so-called Deficit Reduction Commission.
James Rubin: Son of Robert Rubin. Served as a 'headhunter' for Obama per the New York Times article, "Rubin Proteges Change Their Tune as They Join Obama’s Team".
Gene Sperling: Advisor to Timothy Geithner on bailouts. Sperling paid by Goldman Sachs for one year of consulting work.


Adam Storch: Obama Managing Executive of the Security and Exchange Commission’s Division of Enforcement. Former Vice President in the Goldman Sachs Business Intelligence Group.
Larry Summers: Obama chief economic adviser and head of the National Economic Counsel. Worked under Robert Rubin at Goldman Sachs.
John Thain: Obama Administration: Advisor to Treasury Secretary Timothy Geithner. Former Goldman Sachs Title: President and Chief Operating Officer (1999-2003).
Goldman Sachs personnel in the George W. Bush White House

Joshua Bolten: Bush II Administration: White House Chief of Staff (2006 – 2009). Former Goldman Sachs Title: Executive Director, Legal & Government Affairs (1994-1999).
William C Dudley: NY Federal Reserve: Current President/CEO. Former Goldman Sachs Title: Partner and Managing Director – 2007.
Edward C. Forst: Bush II Administration: Advisor on setting up TARP to Treasury Secretary Henry Paulson 2008. Former Goldman Sachs Title: Co-head of Goldman’s investment management business.
Stephen Friedman: NY Federal Reserve: Former Chairman of the Board – 2009. Former Goldman Sachs Title: Board Member (Chairman, 1990-94; Director 2005-).
Gary Gensler: Bush II Administration: Undersecretary of the Treasury (1999-2001) and Assistant Secretary, Treasury (1997-1999). Former Goldman Sachs Title: Partner and Co-head of Finance.
Reuben Jeffery III: Bush II Administration: Under Secretary for Economic, Energy and Agricultural Affairs, State Department (2007–2009). Former Goldman Sachs Title: Managing Partner, Paris until 2002 Security Investment Banking Practice.
Dan Jester: Bush II Administration: Advisor on setting up TARP to Treasury Secretary Henry Paulson 2008. Former Goldman Sachs Title: Deputy CFO.
Neel Kashkari: Bush II Administration: Assistant Secretary for Financial Stability, Treasury (2008 – 2009). Former Goldman Sachs Title: Vice President, Goldman Sachs San Francisco; led Information Technology Security Investment Banking Practice.
Eric Mindich: Former chief strategy officer of New York-based Goldman Sachs. Started Eton Park in 2004 with $3.5 billion.
Henry Paulson: Bush II Administration: Secretary of the Treasury 2006 - 2009. Former Goldman Sachs Title: Chairman and CEO (1998-2006).
Robert Rubin: Bush II Administration: Secretary of the Treasury 1995-1999. Former Goldman Sachs Title: Vice Chairman (1987-1990).
Robert Steel: Bush II Administration: Under Secretary for Domestic Finance, Treasury (2006 – 2008). Former Goldman Sachs Title: Vice Chairman – 2004.
Steve Shafran: Bush II Administration: Advisor on setting up TARP to Treasury Secretary Henry Paulson 2008. Former Goldman Sachs private equity business in Asia until 2000.
Kendrick R. Wilson III: Bush II Administration: Advisor on setting up TARP to Treasury Secretary Henry Paulson 2008. Former Goldman Sachs Title: Chairman of Goldman’s financial institutions groups.
Robert Zoellick: Bush II Administration: United States Trade Representative (2001-2005), Deputy Secretary of State (2005-2006), World Bank President (2007 -). Former Goldman Sachs Title: Vice Chairman, International (2006-07).
Other Noteworthy Global Appointees

Mark Carney: Current Title: Governor, Bank of Canada. Former Goldman Sachs Title: Managing Director Goldman Sachs Canada until 2003.
Mario Draghi: Current Title: Governor of the Bank of Italy (2006- ). Former Goldman Sachs Title: European Deputy Chairman/Partner until 2006.
Edward Liddy: Current Title: AIG CEO. Former Goldman Sachs Title: Board Member (Chairman 1990-94; Director 2005- ).
Duncan Niederauer: Current Title: Chair/CEO NYSE. Former Goldman Sachs Title: Managing Director – 2007.
Romano Prodi: Current Title: Prime Minister of Italy (1996-1998 and 2006-2008) and President of the European Commission (1999-2004). Former Goldman Sachs Title: Paid adviser/consultant 1990 – 1993.
Massimo Tononi: Current Title: Italian Deputy Treasury Chief (2006-2008). Former Goldman Sachs Title: Partner 2004 – 2006.
Malcolm Turnbull: Current Title: Federal Leader, Liberal Party of Australia. Former Goldman Sachs Title: Partner (1998-2001).
David Watson: Current Title: Monetary Policy Committee, Bank of England. Former Goldman Sachs Title: Chief European economist.

 

[JimBowie1958]

More Goldman Sachs alumni in Europe

European Union : Our friends from Goldman Sachs...

Mario Monti, Lucas Papademos and Mario Draghi have something in common: they have all worked for the American investment bank. This is not a coincidence, but evidence of a strategy to exert influence that has perhaps already reached its limits.

 

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No wonder the Establ gives them the keys to the treasury every 4 years and Hillary makes paid speeches for them