The underlying cause of these mishaps is the dollar and the central bank that manipulates it. In ages past, it was so simple
Dave from Denver…
Ah-haaaa! Finally dawned on me why Paulson left his post as CEO of Goldman Sachs to take the Treasury job - and it wasn't just so he could unload $700 million worth of GS stock when GS was tradings over $200/share ($80 now) and avoid paying taxes on his gains.
He took the Treasury job so that he could try engineer the monetization of the fraudulent derivatives transactions that Goldman pedaled globally under Paulson. Keep in mind that AIG is being kept alive because their demise would expose Goldman to over $20 billion in derivatives counterparty risk. And that the ONLY reason AIG is being kept alive with taxpayer money. Check this out:
From Mike Morgan:
I still don't understand why none of the media bobbleheads have not yet done an in depth piece about what Paulson was responsible for during his tenure at Goldman Sachs. He ran the company that created more different forms of derivatives and more volume, than any other ten companies in the world combined. And with more offices in more countries than any other investment bank, Goldman Sachs peddled the toxic assets to every corner of the world.
More from Dave from Denver…
It's now being reported that
GS CEO Lloyd Blankfein and MER CEO John Thain are paying themselves well over $50 million in bonuses this year AND they are still tooling around the country in Company lear jets. Please note for the record that this is OUR taxmoney at work courtesy of Hank Paulson. Please note that Thain is an ex-Goldman guy. Also, AIG is now reportedly paying out $100's of millions in bonuses. Our tax money again.
This is a massive transfer of wealth from the middle class of this country to a few corrupt Wall St. crooks. This reminds of the 1970's and 1980's, when the dictators of several Latin American countries would steal IMF and U.S. loans meant for redevelopment of their countries. The U.S. is now no different than a Third World corrupt banana republic.
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