St Alphonso

Was the AIG Bailout a Goldman Bailout by Proxy?

If there was any doubt that GS is a front for organized crime at the highest level it has all been removed in the last 12 months. No one I know believes that the monster can be contained. The only questions is will there ever be enough for these guys? It's just a game anymore. How many friggin' jets, yachts, and mansions does one man really need?

On Jul 28 09:03 AM ain't no fortunate son wrote:

> Take a look at the bigger picture... the actions that Paulson was
> involved in which led up to the meltdown in Fall 2008:
>
> During that same time frame from March onward, Paulson oversaw and
> participated in the virtual elimination of Bear Sterns, one of Goldman's
> biggest competitors, and at the same time Goldman got access to the
> Fed Discount window... ca-ching... billions of taxpayer "liquidity"
> which they no doubt used to trade the markets with, rather aggressively
> and I will "guess" rather successfully in the post Bear rally to
> 13K +/-.
>
> September, 2008. AIG. Enuff said.
>
> Sept 2008 - Paulson oversaw the destruction of Lehman, another of
> Goldman's biggest competitors. We know how that turned out (for Main
> Street not so hot... but for Goldman... TARP money and bonuses anyone?).
>
>
> Sept 2008 - Paulson oversees the forced marriage of Merrill to BAC,
> ANOTHER major competitor of Goldman... in a marriage that basically
> emasculates Merrill and causes a paralyzing clash of corprorate cultures
> with BAC.
>
> 3 of your biggest competitors dead or crippled in 6 months. You were
> involved right up to your eyeballs in the decisions leading up to
> these outcomes. Many of your Goldman colleagues were major players
> or at least "in the room" during these events.
>
> Now Goldman sits virtually alone at the top of the pile of survivors,
> making vast profits, handing out vast bonuses, holding total, monopolistic
> control over key pieces of the market infrastructures such as the
> NYSE Supplemental Liquidity Provider (seekingalpha.com/symbo...)
> program, virtually admitting that it possesses programs designed
> to front-run the markets (but of course they would never actually
> use them for that purpose, right?).
>
> You never even considered recusing yourself from these critical decisions
> despite clear conflicts of interest from a public policy standpoint.
>
>
> Does anybody besides me see a pattern of behavior, a pattern that
> led to identical outcomes time after time after time, all centered
> around one man, a man who's immediately previous position had been
> CEO of the company that has benefitted more than any other company
> in the world by this chain of events?
>
> I believe that there should be a full investigation of this entire
> period, and that it should be conducted at and by the highest levels
> of government immediately... US AG, Congress, SEC, state AG's and
> insurance regulators, I don't give a fuck who gets involved, just
> DO IT.

Goldman's Success: Put Down Those Pitchforks

You are either naive or complicit. This was no accident. If this happened in a communist or third-world country we would be howling at the obvious conflict of interest. Paulson made many millions with GS. If you cannot see the obvious crony conflict--don't forget, they didn't even use the TARP the way they said they would: Troubled Asset Relief Program. They rigged the system and stole AN ENTIRE GENERATION'S WEALTH! Killed all their competition. Most folks my age now expect to work until the day they drop dead so those bastards can drive around in helicopters. Try a little research. The blood is everywhere.