 | « on: Today at 10:05:42 AM » |  Quote |
Goldman reveals where bailout cash went
http://www.usatoday.com/money/industries/b...htm?csp=usat.me
http://www.nytimes.com/2010/07/24/business...n.html?_r=1&hpw
The Lists:
http://finance.senate.gov/newsroom/ranking...eb-9d12a422810c
http://grassley.senate.gov/about/upload/Attachment-1.pdf
http://grassley.senate.gov/about/upload/Attachment-2.pdf
Quote
My understanding is that Attachment 1 lists companies that wrote credit default swap protection on AIG for Goldman, meaning that in the event of an AIG default in September 2008, these entities would have been responsible for paying Goldman the amount in the “Net” column. Thus, these entities avoided losses in the amounts listed on Attachment 1 as a direct result of the taxpayers’ bailout of AIG in September 2008.
Quote
As I understand Attachment 2, it lists a series of entities that directly benefited from government assistance through the Federal Reserve’s Maiden Lane III facility, in that they received cash provided to AIG, which it owed to Goldman and which, in turn, Goldman owed them. The majority of these beneficiaries appear to be foreign entities.
After subpoenas, and stonewalling since 2008. Isn't this amazing?
How could the Goldman CEO, Blankfein have said "we are doing god's work" when nothing they do is upright?
?? Here's yet another example. 
Smoking Guns of U.S. Treasury Monetization
http://www.infowars.com/smoking-guns-of-u-s-treasury-monetization/
Jim Willie Kitco.com July 23, 2010
A significant feature of fiat money systems is the privilege for the custodian of the reserve currency to engage in regular practices of ham-fisted monetary management, even permission for fraudulent centers to flourish, surely developing a debt monster that an economy grows dependent upon. Fannie Mae might be the most offensive blight on such privilege. Unfortunately, many shenanigans have matured into grand fraud. They are smoking guns of USTreasury fraud and counterfeit, with strong whiffs of monetization. Much more monetization is to come, fully endorsed and sanctioned. Other clever techniques are being used, given the Quantitative Easing has officially been halted. A close look reveals that Excess Cash Reserves at the USFed are being drawn down, which are thus funding the USGovt deficits in the last couple months. Ironically, such reserves held by big banks at the US Federal Reserve were the only thing preventing vast insolvency. Now that cash is being used, and the USFed insolvency is slowly exposed. Details can be found in the July Hat Trick Letter reports. Evidence is compelling, and grand motive for foreign creditors to reject the USDollar, whose active control strings are traced to Wall Street. When recognized monetization destroys the last vestige of trust and confidence in the USDollar, when more official rounds of sponsored Quantitative Easing arrive, the USDollar will be on a downward spiral. In fact, all major currencies face the same prospect of vast monetary expansion. They will all fall sharply in value, and by counter-effect, the Gold price will rise powerfully.
No comments:
Post a Comment