Glenn Beck on GS!!!!!!!!!!
- Thread starter S2007S
- Start date
No argument here. Wall Street and Washington are one and the same. Where do Washington's leaders come from? GS.
If you cut off the US's ability to issue debt the country collapses. The entire US system depends on the ability of the Fed and the Government to create money at will. There is going to be a dear price to pay when that piece of the puzzle is no longer available.
If you cut off the US's ability to issue debt the country collapses. The entire US system depends on the ability of the Fed and the Government to create money at will. There is going to be a dear price to pay when that piece of the puzzle is no longer available.
This guy is an alcoholic college dropout and you're listening to his opinions on anything?
GS makes a great Villian-- we can blame them for our trading losses and politicians can feign outrage to generate populist support.
GS makes a great Villian-- we can blame them for our trading losses and politicians can feign outrage to generate populist support.
Quote from the1:
If you are referring to me I finished collegeAnd to boot, now I teach college
And now that you've offended me I have to run out and buy a 40oz of Old E
Not you, fella, the dude in the video
Actually they have been shown by the courts to have been guilty of Fraud. Too bad the judgments have been only in the millions. But the suits are not over by a long shot. They sold CDO's that they knew were bad. The proof is that they took out insurance (CDS) on the crap they were selling (after the sold it!) I hope they are looking at billions in judgments against them. Let us hope so.
The courts have seen it differently. GS has already had to pay plaintiffs for their fraudulent activities, but the amounts paid, so far, have been tiny compared to the money made hawking CDO's that they knew were bad, because they took out insurance (CDO's) that would pay off when these same CDO's that they sold to sucker pension funds went bad. They also had a hand in castrating the CFTC using Phil Gramm to do their bidding. The courts have already shown their activities to be fraudulent (see the July issue of "Rolling Stone"), but they have found it more profitable to break the law now and prevaricate later. Glad to see them getting the exposure they fully deserve.
The story is just now picking up steam. It started with an Article in the July issue of Rolling Stone, then a piece this week on PBS re that article.. The Stone article is likely the source of most of Beck's information. One thing left out of the Stone article was the tampering with the weighting of gasoline futures in the GSCI right after Paulson went to Treasury. That caused the price of gasoline to plummet just prior to the election of Bush to his second term.