Monday
Oct192009
Goldman CEO Blankfein: We Didn't See The Anti-TARP Backlash Coming & We Didn't Need Your Stinking Capital Anyway
Video Interview: Goldman Sachs CEO Lloyd Blankfein with Fortune's Andy Serwer
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What Blankfein doesn't mention is the stealth Goldman bailout. This is why we angry hordes are still stalking. We understand that that the original $10 billion in TARP capital has been repaid. Our questions concern the remaining $60 billion GS received via other stealth bailout conduits: the Federal Reserve, the FDIC, & AIG.
From CNN Fortune:
- As for Goldman's entanglement with the government, Blankfein said he didn't realize the $10 billion the Treasury lent the company last fall when the financial system was teetering would come with so many strings attached.
- "Had I known it was this pregnant with this potential for backlash then I would not have liked it," he said.
- Blankfein also said Goldman didn't need the money, though he conceded the point is moot, as the nine biggest banks weren't given an opportunity to refuse the Troubled Asset Relief Program funds.
- Blankfein added that while he is "not blind to the interests of society," his duty is to serve Goldman shareholders -- which he said ends up being good for the U.S. as well.
- "As hard as some of these issues are, I have to pursue the interests of shareholders," he said. "I can't do too much that subordinates the interests of our shareholders. If I did do that I certainly wouldn't be helping the country."
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Thank you!
Oct 19, 2009 at 1:04 PM
Reader Comments (26)
http://www.tampabay.com/news/education/article1044637.ece
What could possibly go wrong?
WASHINGTON (AP) - What is $1.42 trillion? It's more than the total national debt for the first 200 years of the Republic, more than the entire economy of India, almost as much as Canada's, and more than $4,700 for every man, woman and child in the United States.
It's the federal budget deficit for 2009, more than three times the most red ink ever amassed in a single year.
And, some economists warn, unless the government makes hard decisions to cut spending or raise taxes, it could be the seeds of another economic crisis.
Treasury figures released Friday showed that the government spent $46.6 billion more in September than it took in, a month that normally records a surplus. That boosted the shortfall for the full fiscal year ending Sept. 30 to $1.42 trillion. The previous year's deficit was $459 billion.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aHou7iMlBMN8
Burned Alaskan Pilot Walks 20 Miles for Help After Crash That Killed Passenger
http://www.breitbart.tv/burned-alaskan-pilot-walks-20-miles-for-help-after-crash-that-killed-passenger/
Kansas Lawmaker Reposts Controversial ‘RedNeckRap’ With New Intro
http://www.breitbart.tv/kansas-lawmaker-reposts-controversial-redneckrap-with-new-intro/
http://www.france24.com/en/20091015-france-president-nicolas-sarkozy-interview-no-extra-troops-afghanistan
California appears poised to be first to ban power-guzzling big-screen TVs
http://www.latimes.com/business/la-fi-bigtvs14-2009oct14,0,4908205.story
http://www.economicpolicyjournal.com/2009/10/is-federal-reserve-still-shoveling.html
http://blogs.reuters.com/rolfe-winkler/2009/10/15/meredith-whitney-asks-the-tough-questions/
OBAMA=UNDER THE COMMAND OF HOME GROWN FINANCIAL AL QAEDA
OIL $79 and dollar getting trashed= USE OIL WEAPON TO BURN BANKER TERRORISTS or Keep screaming on the web and keep dreaming revolution?lol
The Robber Barons Are Back — Hide Your Money!
http://www.alternet.org/workplace/143330
Geithner's Appointment Book
As Treasury secretary in the aftermath of last fall’s Wall Street meltdown, Timothy F. Geithner needs to keep in touch with the nation’s top bankers. But it seems that he connects with some financial chiefs much more often than others.
An analysis of Mr. Geithner’s calendars, which the Associated Press obtained through the Freedom of Information Act, shows that Mr. Geithner had contact with top executives at Citigroup, Goldman Sachs and JPMorgan Chase more than 80 times during his first seven months at Treasury — while the heads of Bank of America and Morgan Stanley appeared on his calendars a total of just six times.
The Associated Press describes one spring evening when Mr. Geithner had a series of particularly high-powered calls:
After one hectic week in May in which the nation faced the looming bankruptcy of General Motors and the prospect that the government would take over the automaker, Mr. Geithner wrapped up his night with a series of phone calls.
First he called Lloyd Blankfein, the chairman and C.E.O. at Goldman. Then he called Jamie Dimon, the boss at JPMorgan. Obama called next, and as soon as they hung up, Mr. Geithner was back on the phone with Mr. Dimon.
http://dealbook.blogs.nytimes.com/2009/10/08/a-look-inside-geithners-appointment-book/
Gee what might those calls have been about? Derivative bets on GM by any chance?
How Goldman Sachs Leveraged $70 Billion In Government Money
http://jessescrossroadscafe.blogspot.com/2009/10/how-goldman-sachs-leveraged-70-billion.html
Paul Craig Roberts, writing for CounterPunch says From Offshoring Jobs to Bailing Out Bankers The Rich Have Stolen the Economy.
Bloomberg reports that Treasury Secretary Timothy Geithner’s closest aides earned millions of dollars a year working for Goldman Sachs, Citigroup and other Wall Street firms. Bloomberg adds that none of these aides faced Senate confirmation. Yet, they are overseeing the handout of hundreds of billions of dollars of taxpayer funds to their former employers.
The gifts of billions of dollars of taxpayers’ money provided the banks with an abundance of low cost capital that has boosted the banks’ profits, while the taxpayers who provided the capital are increasingly unemployed and homeless.
Except for the banksters and the offshoring CEOs, there is no source of consumer demand to drive the US economy.
The political system is unresponsive to the American people. It is monopolized by a few powerful interest groups that control campaign contributions. Interest groups have exercised their power to monopolize the economy for the benefit of themselves, the American people be damned.
Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He is coauthor of The Tyranny of Good Intentions
http://www.counterpunch.org/roberts10162009.html
Wallace Baine: Gazing at balloons while Rome burns
http://www.santacruzsentinel.com/localnews/ci_13588366
Brain-Dead White House: FOX News Isn't News--It's A Republican Propaganda Machine
http://www.businessinsider.com/white-house-advisers-say-fox-news-is-not-news-2009-10
Fats cats gain as Main Street struggles
http://www.capecodonline.com/apps/pbcs.dll/article?AID=/20091018/NEWS11/910189978
WASHINGTON (AP) - Federal drug agents won't pursue pot-smoking patients or their sanctioned suppliers in states that allow medical marijuana, under new legal guidelines to be issued Monday by the Obama administration.
Obama appeals to his base of pot-smoking hippies.
Obama…“Butttt butttt butttt buttttt buttttt, IIIII, IIIII, IIII, IIIIIIIIIII, nnnooooo, nnnnooo, nnnnooooo, hold on a sec, wha, what whattt, annnd, annnd, annnnd, let’s be clear….soooo ssssoooo ssoooo medical marijuana, ehhh ehhh ehhh, Oprah, help me out.”
Oprah…“You get a car, you get a car, you get a car, you get a car!!!!!!!!!!!!!!”
Obama…”Change will not come if we wait for some other person or some other time. We are the ones we've been waiting for. We are the change that we seek.”
Section 8 of the Constitution of the United States of America authorizes Congress "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures";
WHEREAS, on December 23rd, 1913 the US Congress enacted the Federal Reserve System;
WHEREAS, the Federal Reserve System is considered an independent agency within the federal government, with oversight of Congress and containing appointed public officials on its board of directors;
WHEREAS, the Federal Reserve System Controls the Federal Reserve Note, the official currency of the great nation of the United States of America;
WHEREAS, there may be controversies regarding the legality and constitutionality of the Federal Reserve System, it is recognized that the said system has operated continuously as the central banking system of the United States since the inception of the Federal Reserve Act of 1913;
WHEREAS, the Constitution of the United States of America granted Congress the authority to create the current Federal Reserve System, it also does grant Congress the authority to modify or revoke the Federal Reserve System;
WHEREAS, the actions of the Fedreral Reserve System represent the credit and currency of the United Stated of America to the citizens of this great nation and to the world;
WHEREAS, the Federal Reserve System, acting independently within the federal government allowed, supported, and even promoted parasitical and non-productive uses of the money and credit of the United States of America;
WHEREAS, the United States and likely the entire world's financial system is undergoing massive de-leveraging of the said parasitical and non-productive uses of the credit and money of the United States of America (as well as other nations' currencies);
.
http://oversight.house.gov/contact/
http://banking.senate.gov/public/index.cfm?FuseAction=Contact.ContactForm
http://financialservices.house.gov/contact.html
Now these Blood Sucking pests in Washington started blocking my comments
Fellow Americans: Give them hell with all the facts you all post here at Dailybail by posting on above web links......
Don't be cowards, Grow Balls and shake these Washingtion fucks in their booties now
“We don’t think we have a guarantee,” he said. “We certainly don’t operate the company that way. We operate the company as an independent financial institution that stands on its own two feet.”
Let's just repeat that last little bit: "an independent financial institution that stands on its own two feet."
After a**-raping the American taxpayer, Goldman's CFO says we're crazy for thinking it could happen again. And to top that, after slithering out from his Lake Tahoe hidey-hole, Goldman alum Neel Kashkari is out telling the media that however much we might complain about the bailouts now, we should all be thankful for being violated and just learn to relax and enjoy it. Maybe they have some of that Chinese drywall over at 85 Broad, but something is obviously rotting their brains. Keep it up, dumbasses. If karma doesn't bring them down, hubris will.
http://www.nytimes.com/2009/10/16/business/16goldman.html
If karma doesn't bring them down, hubris will.
Dream on : Change does not come without sacrifice
It is urgency to revolt............no other way out
http://www.pbs.org/wgbh/pages/frontline/tentrillion/view/
All of the federal government's efforts to stem the tide of the financial meltdown have added hundreds of billions of dollars to an already staggering national debt, a sum that is expected to double over the next 10 years to more than $23 trillion. In Ten Trillion and Counting, FRONTLINE traces the politics behind this mounting debt and investigates what some say is a looming crisis that makes the current financial situation pale in comparison.(more »)
Tyrany & Injustice rants on the web only here....lol
Goldman-America's executioner
They are destroying our dollar, driving up oil prices, hijacking the regulatory agencies and the treasury and what does the Government do? Winks while they pay themselves billions in bonuses. How many americans can these banks foreclose on during the xmas holidays? Hank Paulson was paid $700 million in the last ten years? How has the average worker fared? Investors have made nothing in ten years while these scum make untold billions
GS Killing Machines vs Killing Fields of Vietnam
Lol
Scream on the internet blogs,message boards while republic is looted for how many generations?lol
"One of Goldman Sachs’s senior advisers in London has said that British taxpayers should 'tolerate the inequality' stemming from the investment bank’s plans to dole out a record $22bn (£13.4bn) in pay and bonuses this year for the sake of the 'common good'."
http://www.telegraph.co.uk/finance/financetopics/recession/6392127/Goldman-Sachs-vice-chairman-says-Learn-to-tolerate-inequality.html#
One shows a guy who is happy that his new Ford car doesn’t have a gas cap. He says that this will keep his hands from smelling like gas. I don’t get it, I have a gas cap and any smell comes from the pump if at all, not from the gas cap. Do you have to be a dumb American to buy a Ford?
The other shows some silly chick who likes the fact that her Ford has a simple LED interior light with multiple colored lenses, she likes pink. This same chick also likes the car because she can’t remember to take her car in to the shop every 5,000 for an oil change. The car calls or emails her with a reminder.
Here, I got another one for Ford. I like my Ford car because when it rains, it turns on my windshield wipers, closes the sunroof and rolls up my windows.
Ford. Designed for living. Engineered to last, Driven by Americans with Intellectual Disabilities.
Apocalypse or Glory
Those who believe our Crisis has passed need to study the past. It is unlikely that this Crisis comes to a climactic conclusion before 2025. As with the song American Pie, music is currently reflecting the Crisis mood that has engulfed the nation. Match Box Twenty’s How Far We’ve Come and Green Day’s Know Your Enemy reveal a foreboding about the future. A song that has risen up the charts recently captures the essence of the Crisis. The song is Uprising by the group Muse.
http://theburningplatform.com/groups/quinns-daily-dose-of-reality/discussions/collapse-is-inevitable
I enjoyed your comment Gobias...very funny stuff...
lloyd.blankfein@gs.com
Send this bald ass , hideous criminal prick an email and let him know how you feel