Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

While the Kabuki theater continues, try not to notice what the other hand is doing

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
burythehatchet Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 11:58 AM
Original message
While the Kabuki theater continues, try not to notice what the other hand is doing
http://ftalphaville.ft.com/blog/2009/03/16/53626/point-counter-point-aig-goldman-and-the-nyt/

Bob Rubin, Hank Paulson and Goldman Sachs. I believe we are getting nearer to the heart of the matter. This is financial terrorism and the Obama treasury is harboring the masterminds.

Goldman is the proud recipient of $12.9bn in payments from AIG and AIGFP. (Specifically, $2.5bn from CDS collateral postings, $5.6bn from Maiden Lane III payments for CDS positions, and $4.8bn in payments related to securities lending. The Maiden Lane III portfolio was, of course, created in December specifically help reduce the burden of CDS collateral postings facing AIGFP proper - it bought the underlying CDO tranches from the CDS counterparties)

For the record then, it certainly was not the NYT that was “seriously misleading”.

We wonder whether things might yet get uncomfortable for Goldman. After all, they’re in rather an awkward position: on the one hand, according to their above PR line, they didn’t need AIG’s money at all (it was, to paraphrase, immaterial whether AIG went under or not). And yet, on the other hand Goldman is - gosh - the largest recipient, via AIG, of taxpayers’ money.
Printer Friendly | Permalink |  | Top
chimpymustgo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 12:03 PM
Response to Original message
1. The people are on to this scam. The banksters have been paying Congress for years.
They've stolen our money, and they're getting off scot free. Not a single market regulation has been put in place since the debacle.
Printer Friendly | Permalink |  | Top
 
marketcrazy1 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 12:07 PM
Response to Reply #1
2. I agrree
in fact the exact opposite is happening, regulations regarding bank capitol are being EASED!! so banks can PRETEND they are solvent!!!
Printer Friendly | Permalink |  | Top
 
burythehatchet Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 12:10 PM
Response to Reply #2
5. Citibank is now profitable, right? Say thank you to eased accounting rules.
We are being screwed and the real crime is not yet even being investigated. AIG is simply the object of today's 5 minutes of hate...the shiny object.
Printer Friendly | Permalink |  | Top
 
burythehatchet Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 12:08 PM
Response to Reply #1
3. Are you faniliar with "The Bezzle"? For those who might not be...
it is when a fraudulent scam is about to be exposed, and the participants grad for the last piles of cash before they run.

That is what is happening. The REAL fraud was not Bernie Madoff or Alan Stanford, the real fraud is the ownership of Treasury by Goldman Sachs and the American Kleptocracy.
Printer Friendly | Permalink |  | Top
 
Runcible Spoon Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 12:09 PM
Response to Original message
4. kick
Printer Friendly | Permalink |  | Top
 
burythehatchet Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 12:12 PM
Response to Original message
6. ...and just to get off my chest something that may seem like a petty grievance
when Obama coughed during his speech yesterday and joked that he was choked up with anger was the first time I felt real enmity towards him. :mad:
Printer Friendly | Permalink |  | Top
 
Runcible Spoon Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 12:16 PM
Response to Reply #6
9. I'm so glad I don't watch anything politics-related on TV.
I swore off corporate news; the sound of *'s voice just makes me cringe.

Seeing Obama make a joke like that would piss me off royally too.
Printer Friendly | Permalink |  | Top
 
rucky Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 12:14 PM
Response to Original message
7. Goldman - as in Paulsen's old haunt?
imagine that
Printer Friendly | Permalink |  | Top
 
burythehatchet Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 12:15 PM
Response to Reply #7
8. and Rubin's. The reason this remains hidden is that it is entirely bi-partisan (DLC)
Printer Friendly | Permalink |  | Top
 
leftstreet Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 12:16 PM
Response to Original message
10. K&R
Printer Friendly | Permalink |  | Top
 
Orwellian_Ghost Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 12:20 PM
Response to Original message
11. K&R
Printer Friendly | Permalink |  | Top
 
burythehatchet Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 12:22 PM
Response to Original message
12. more...
1.Current CEO of AIG, Liddy, was on the board of GS.
2.Former Treasury Secretary, Hank Paulson, as all know, was ex CEO of GS
3.Apparently, the current CEO of GS, Lloyd B, was the only oustisder present at the Fed/Treasury meeting that discussed the AIG bailout.
Printer Friendly | Permalink |  | Top
 
bbgrunt Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 12:35 PM
Response to Original message
13. Goldman is sounding like a skull and bones type of secret society.
....and it sure appears to me that they are willing to endure the outrage as they all grab for the last shreds of wealth on a sinking ship.
Printer Friendly | Permalink |  | Top
 
Supersedeas Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 01:03 PM
Response to Original message
14. the CNBC cheerleaders love themselves some Goldman
Printer Friendly | Permalink |  | Top
 
bvar22 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 02:47 PM
Response to Original message
15. The Awesome Beauty of "Bipartisanship"
The same awesome beauty that can be seen in a nighttime Napalm strike,
or a mushroom cloud,
or a super nova.
You can't help but be impressed.

LOOK!
Do you SEE it?
Can you SEE the dragon in its awesome beauty?


Now we got Your Children's Money too !
And there is not a fucking thing you can do about it !
Now THATS Bipartisanship".
Better get used to it !
Hahahahahahahahahahaha!


Our children and their children will be paying for this for a long, LONG time.
I really hope there is a god.
If there is, then and every single person who had anything to do with this (directly participated, profited from, or turned a coward's blind eye) will burn in hell.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Fri May 03rd 2024, 05:55 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC