Mr. Blankfein Goes To Washington

'Goldman has a lot at stake in the fiscal cliff.'

Peter Cook speaks with Goldman Sachs CEO Lloyd Blankfein in Washington after his meeting with House Speaker John Boehner.  Blankfein will join other business leaders later today at the White House for a meeting with the President.

Cook also reports that Mitt Romney is joining Tag at Solamere Capital.

Here's the latest on cliff negotiations...

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Mr. Smith Goes to Washington - 1939

Lost Causes...

Comments

[DailyBail]

NEW YORK (MarketWatch) — U.S. stocks climbed Wednesday as the market interpreted comments by President Barack Obama and House Speaker John Boehner to mean that a budget deal would be reached.

http://www.marketwatch.com/story/us-stocks-open-lower-on-cliff-worries-2012-11-28

[DailyBail]

WASHINGTON (MarketWatch) — Fears of going over the fiscal cliff were showing signs of receding on Wednesday, as both Speaker John Boehner and President Barack Obama indicated optimism about reaching a deal and U.S. stock markets rose.

http://www.marketwatch.com/story/boehner-obama-hopeful-on-fiscal-cliff-deal-2012-11-28

[DailyBail]

Geithner to meet Hill leaders Thursday

http://www.marketwatch.com/story/geithner-to-meet-hill-leaders-thursday-treasury-2012-11-28-1491855

[DailyBail]

Bowles says Democrats must compromise on entitlement spending

http://blogs.marketwatch.com/election/2012/11/28/democrats-must-move-on-entitlements-in-cliff-deal-bowles-says/?

[LadyLiberty]

Lloyd's there to see about screwing granny and the middle class

The Great American Retirement Scam: Why The Wealthiest CEO's In America Want To Take Away Your Social Security

http://www.forbes.com/sites/rickungar/2012/11/28/the-great-american-retirement-scam-why-the-wealthiest-ceos-in-america-want-to-take-away-your-social-security/

Republicans About To Fall For A World Class Social Security Bait-And-Switch Con

http://www.forbes.com/sites/lawrencehunter/2012/11/19/republicans-about-to-fall-for-a-world-class-social-security-bait-and-switch-con/

Fiscal Cliff Primer: Should Congress Take Social Security Advice From Bailed-Out Goldman Sachs CEO Lloyd Blankfein?

http://www.huffingtonpost.com/2012/11/20/fiscal-cliff-lloyd-blankfein-social-security_n_2166099.html

How would people like it if they refused to pay the debt owed to their money market account or their private pension plan?

The TRUTH About Who Really Owns All Of America's Debt

http://www.businessinsider.com/who-owns-us-debt-2011-7?op=1

They came for the social security you paid for yourself you said nothing will you also be silent when they come for your 401K's then?

Amid Tax Talks, a Cry of 'Save My 401(k)!'

http://www.cnbc.com/id/49976741Private

Private Savings Accounts May Be "On the Table" in Fiscal Cliff Talks

http://www.nationalseniorscouncil.org/

NSC Warns Means Testing Could Be Part of Congressional Deal

http://www.nationalseniorscouncil.org/index.php?option=com_content&view=article&id=110%3Ansc-warns-means-testing-could-be-part-of-congressional-deal&catid=1%3Alatest-news&Itemid=62

Entitlements that really are welfare are one thing (meaning programs that other taxpayers pay for including Medicare since that is one program that actually costs taxpayers more then people pay for or programs that are complete welfare i.e., food stamps, subsidized heating & housing & childcare ) but to try to steal Social Security from people who actually paid for it themselves is THEFT period.

Who Pays for Social Security?

Workers and employers pay for Social Security. Workers pay 6.2 percent of their earnings up to $110,100 a year in 2012. (The cap on taxable earnings usually rises each year with average wages.) Employers pay a matching amount for a combined contribution of 12.4 percent of earnings. Self-employed persons pay both the employee and employer share for a total 12.4 percent. (Half of this contribution, the employer share, is a deductible business expense for income tax purposes.) Also, higher-income Social Security beneficiaries pay federal income taxes on their benefit income, and these taxes help pay for Social Security.

http://www.nasi.org/learn/socialsecurity/who-pays

[SKINFLINT]

NOW CAN WE CASH OUT EARLY?

[SKINFLINT]

I read somewhere recently that Americans have about 3.5 trill in 401k and other retirement investments. That must be after the fall. I was certainly astonished that there was that little amount that was saved in this fashion in the US. Would not even put a dent iin the debt we owe.

[JosephConrad]

The guy needs to go to PRISON not Washington! He's returning to th scene of the WORST & MOST BLATANT CRIME in U.S. financial history! he needs to BEG FOR HIS ROTTEN LIFE!