Blog Archives

Goldman Sachs’s Predations Redux


Goldman Sachs‘s Predations Redux

“The clear theme is that Goldman Sachs loves its clients with the same lip-smacking love that any predator has for incautious prey.  If Blankfein is right that Goldman Sachs is doing God’s work it follows logically that God hates Goldman’s clients.”  (quoted from William K. Black, New Economic Perspectives)

What kind of predation does Goldman Sachs engage in?  Here’s a brief list from Black’s article:

1. Goldman used derivatives to help the Greek government hide its deficit;

2.  Goldman was sued for assisting in Enron‘s control frauds which helped Enron avoid paying taxes;

3.  Goldman helped spread the subprime mortgages fraud (under Hank Paulson‘s leadership) that led to the 2008 financial crisis and The Great Recession;

4.  Goldman has had numerous regulatory actions and investigations that culminated in their paying $550 million to settle SEC charges in 2010;

5.  Goldman settled with regulators and paid fines for illegal foreclosures and robo-signing forgery;

6.  The FHFA had evidence of “pervasive” appraisal fraud by Goldman during its securitiations of subprime mortgages;

7.  Goldman disregarded underwriting guidelines in order to increase profits;

8.  Goldman purchased fraudulent mortgage originators’ loans and resold them to Fannie and Freddie;

9.  Goldman leveraged information in its warehouse lending business to increase its profits;

10.  Goldman forced lenders to repurchase defective loans that were still on Goldman’s books;

11.  Goldman realized that the securitizations they had helped create were no longer safe and began to “short” the “junk” mortgages;

12.  By shorting the market, Goldman profited from its clients’ losses;

13.  Goldman knew about the devastation that its securitizations would inflict on the economy but, rather than warn everyone against the coming crisis in the mortgage market, it stayed quiet and profited enormously by shorting the market!

via Goldman Sachs: Information, Comments, Opinions and Facts: Goldman Sachs’s Predations Redux.

via Goldman Sachs: Information, Comments, Opinions and Facts: Goldman Sachs’s Predations Redux.

Mea Maxima Culpa: Silence in the House of God


Mea Maxima Culpa Silence in the House

An unholy coincidence? Pope Benedict‘s once-in-600-year ‘abdication’ is highly suspicious in context to the timing of the ‘Mea Maxima Culpa’ doc release. Alex Gibney took some 4 years in researching this well crafted and informative film, which exposes an endemic, global,
cover-up of deviant Catholic priests, Bishops, Cardinals and Popes:

It focuses
primarily on one prolific paedophile priest who operates a reign of terror at a
school for deaf children in the US, then widens the story out to expose the
Catholic church’s complicity on a jaw-dropping scale.As a top Cardinal at the time, Ratzinger took ‘ownership’ of the

hundreds/thousands of abuses reported – and locked them deep within the Vatican
archives. A gobsmacking expose by the award-winning doc maker (Enron,
Taxi to the Dark Side, among others), which merits a very public spotlight.

I urge believers and non-believers alike to get to a screening and spread a ‘call to action’, before he takes cover (tho’ if one was to be generous, it m

Time to protect Utilities in Ireland fom the Friends of the IMF


IMF HARVEST

What deregulation means

In the “free” market in electricity, grabbing water systems was a sure bet: Governments had already paid for the pipes and the market is captive, customers undeserved and thirsty.  Thatcher’s England led the way with the first privatizations. In Britain, water bills shot up astronomically for consumers .

Once deregulation comes rest assured gas ,water and the cost of electric  services will rise in an ever upward spiral

Enron Purchase of the Buenos Aires water system in Argentina province.

Workers were fired en masse, allowing Enron to pocket their pay, in violation of the company’s solemn promises to invest. Without maintenance workers, water mains were left broken. Enron’s profitable neglect of the system left water contaminated.

“Maintaining our water infrastructure in public ownership is of major importance for future generations. It is essential that we ensure that this asset is maintained under democratic control and not allowed to fall into the hands of those who would wish to exploit this resource for private profit at the expense of the public interest,” said Jack O’Connor, president of Services industrial professonal and technical union (SIPTU).

SIPTU Sector Organiser, Michael Wall, said: “The alliance will focus on the role of staff in the new company and highlighting the consequences for the country if the process of privatisation of water services is continued.

“The unions will develop a joint policy and actions across the country as the efforts to reduce public ownership of water services is rolled out.”

The unions involved in the new alliance are SIPTU, UNITE and the TEEU.

and

What IMF loans mean

Take the case of Ecuador

While trying to pay down the mountain of IMF obligations, Ecuador foolishly “liberalized” its tiny financial market, cutting local banks loose from government controls and letting private debt and interest rates explode. Who pushed Ecuador into all of the nonsense why none other than the IMF so their corporate friends could benefit

Statement from SIPTU Ireland

Maintaining our water infrastructure in public ownership is of major importance for future generations. It is essential that we ensure that this asset is maintained under democratic control and not allowed to fall into the hands of those who would wish to exploit this resource for private profit at the expense of the public interest,” said Jack O’Connor, president of Services industrial professional and technical union (SIPTU).

Don’t turn the tap off and let the IMF benefit from Ireland’s utilities

download (4)

 

IMF image produced by Alec Foley

MovieBabble

The Casual Way to Discuss Movies

OLD HOLLYWOOD IN COLOR

...because it was never black & white

LEANNE COLE

Art and Practice

CURNBLOG

Movies, thoughts, thoughts about movies.

FilmBunker

Saving you from one cinematic disaster at a time.

From 1 Blogger 2 Another

Sharing Great Blog Posts

Wonders in the Dark

Cinema, music, opera, books, television, theater

Just Reviews

Just another WordPress.com site

Mark David Welsh

Feeding Soda Pop to the Thirsty Pigs since 2013

conradbrunstrom

Things I never thunk before.

News from the San Diego Becks

The life and times of Erik, Veronica and Thomas

The Silent Film Quarterly

The Only Magazine Dedicated To Silent Cinema

Leaden Circles

First a warning, musical; then the hour, irrevocable. The leaden circles dissolved in the air.

My Archives

because the internet is not forever

CineSocialUK

Up to the minute, fair, balanced, informed film reviews.

PUZZLED PAGAN PRESENTS

A Shrine to Pop Culture Obsessiveness. With Lots of Spoilers

Thrilling Days of Yesteryear

“Nostalgia isn’t what it used to be” – Peter DeVries

thedullwoodexperiment

Viewing movies in a different light

Twenty Four Frames

Notes on Film by John Greco

Suzanne's Mom's Blog

Arts, Nature, Good Works, Luna & Stella Lockets & Birthstones

It Doesn't Have To Be Right...

... it just has to sound plausible

NJ Corporate Portrait Photographer Blog

The life of a corporate portrait photographer who likes to shoot just about anything.

arwenaragornstar

A French girl's musings...

Jordan and Eddie (The Movie Guys)

Australian movie blog - like Margaret and David, just a little younger

Octopus Films

A place for new perspectives on films, TV, media and entertainment.

scifist 2.0

A sci-fi movie history in reviews

The Reviewer's Corner

The Sometimes Serious Corner of the Internet for Anime, Manga, and Comic related things

First Impressions

Notes on Films and Culture

1,001 Movies Reviewed Before You Die

Where I Review One of the 1,001 Movies You Should Watch Before you Die Every Day

Movies Galore of Milwaukee

Movie Galore takes a look at Silent films on up to current in development projects and gives their own opinion on what really does happen in film!

The Catwing Has Landed

A Writer's Blog About Life and Random Things

Gabriel Diego Valdez

Movies and how they change you.

The Horror Incorporated Project

Lurking among the corpses are the body snatchers....plotting their next venture into the graveyard....the blood in your veins will run cold, your spine tingle, as you look into the terror of death in tonight's feature....come along with me into the chamber of horrors, for an excursion through.... Horror Incorporated!

Relatos desde mi ventana

Sentimientos, emociones y reflexiones

Teri again

Finding Me; A site about my life before and after a divorce

unveiled rhythms

Life In Verses

Gareth Roberts

Unorthodox Marketing & Strategy

leeg schrift

Taalarmen

100 Films in a Year

12 months. 100 films. Hopefully.

%d bloggers like this: