SliderOnTheBlack.com

45 responses so far ↓

• 1 Aaron // Jul 15, 2009 at 11:41 am

  Thanks for hitting the nail on the head. Goldman Sachs is a pawn of the Federal Reserve, and the public needs to be aware of the corruption taking place between the two. It amazes me that there is not an uproar among Americans over what is taking place, and this can only be contributed to ignorance along with a lack of true media coverage. Thank you for putting out the word.

• 2 Frank // Jul 15, 2009 at 11:44 am

  Does accomplishing all that make Hank a genuis? I would say yes and I would add that the fools who let him get away with it are abject morons.

• 3 Pat // Jul 15, 2009 at 12:13 pm

  It is time for Americans to wake up and realize that Rubin, Summers,Greenspan, Soros, Clintons, Obama, Bushes, Cheney, and Biden, as well as most of Who’s Who in the media, and the Financial Arm of the Govt and Wall Street are all members of the Council on Foreign Relations–The Clintons/Rubin/Summers started the mess when they took away our protection–The Glass-Steagall Act.

  Then they “Leased/sold out” our gold from Ft. Knox.

  Then they insured deals that they had no part of with derivatives and raped the taxpayer again with bail outs that a CFR member [the FED] sent to CFR banks that own the FED.

  Only 450 billion in subprime mortgages failed–it would have been more efficient to pay them off and let the dollars flow thru and not let the derivatives fail–but no the banks want the trillions they get by being bailed out.

  The wealthy elite are now the leaders and are now using their position to take our life savings away to fuel their greedy lifestyle.

  Shouldn’t you and your friends start discussing the fact that the people who have done this to us all belong to the same organization–THE COUNCIL ON FOREIGN RELATIONS–AND ASK YOUR CONGRESSMEN/SENATORS TO INVESTIGATE THIS LINK??

• 4 John Pierne // Jul 15, 2009 at 12:15 pm

  Amen !!!!

• 5 hojo0710 // Jul 15, 2009 at 12:22 pm

  I am no admirer of GS, but when are the allegations and insinuations going to be officially and seriously (one hopes) investigated?

• 6 keith Howell // Jul 15, 2009 at 12:24 pm

  Don’t be so hard on GS . How would we find experienced crooks for the Cabinet or The Treasury or The Fed? What would honest investors do with all the wealth earned and received if these insiders did not exist? Interview Madolf down in a Carolina prison perhaps?

• 7 GeoffW // Jul 15, 2009 at 12:24 pm

  At last, someone saying it briefly and succinctly! The FED, big banks, treasury and SEC are all one and the same, operating for their further enrichment and empowerment. Only Ron Paul and a few supporters are trying to stop this outrage. Most of congress and every administration are enablers. Kiss your A__ goodbye!

• 8 Phybrr // Jul 15, 2009 at 12:34 pm

  I agree with you 100%!
  The sad thing is that this is public knowledge and congress does nothing about it as they are in the pockets of the crooks.
  Where are our representatives? It appears that it is time for a revolution as laws are written or ignored to let this behavior continue.

• 9 alfred // Jul 15, 2009 at 1:04 pm

  You are absolutely right; that is exactly what is happening NOW. What a relief to see the truth in print every now and then. And worst, Goldman owns, and under Geithner runs the Treasury. Hopefully soon these Goldman geniuses will suffer the same faith as other geniuses like Madoff, Stanford, Bernie Ebbers and so many more.

• 10 Bill Chambers // Jul 15, 2009 at 1:16 pm

  BWAHAHAHAHA, you’re the goofinator!

• 11 kirk // Jul 15, 2009 at 1:23 pm

  It is time someone put the exact truth in the exact terms under which it should be expressed in print.

  In the amerika of today, the following mathematical formula explains the point:

  Genius = crooked business practice + access to the U. S. Treasury.

  In the end, let them spend. Spend it all. Spend it all fast. This will cause the real day of reckoning to come sooner, rather than later.

• 12 Mark // Jul 15, 2009 at 1:44 pm

  Amen, brother.
  Mark

• 13 C.C. // Jul 15, 2009 at 1:45 pm

  ‘Something wicked this way comes’ as the saying goes.

  Me thinks the ‘grind’ is going to turn into a major rockslide here fairly soon. The U.S. doesn’t do ‘boring’ and the 2010 election cycle is right around the corner…

  As to the author’s commentary:

  There is a saying that goes something along the line of a ‘cup of iniquity’ running over and basically all things good, turned upside down.

  To be shortly followed by - well, let your imagination fill in the blank.

• 14 Muff // Jul 15, 2009 at 1:48 pm

  Amen Brother!

• 15 Anonymous // Jul 15, 2009 at 1:54 pm

  Excellent comment - so is the sickening truth - how long can this charade go on further?

• 16 ro_sm // Jul 15, 2009 at 1:56 pm

  Excellent comment - so is the sickening truth - how long can this charade go on further?

• 17 Roger F. Dhur // Jul 15, 2009 at 2:02 pm

  It’s the old adage, if you are near the holy water - you bless yourself, amen.

• 18 Tim Gandee // Jul 15, 2009 at 2:59 pm

  Goldman Sachs has been able to rob the people of the US blind under sanctions of the Federal Reserve, Treasury, and Congress. Furthermore, evidence is confirming that the controlled demolition of our US economy, which has helped to take down the global economy, has Goldman Sachs at the detonator. I do not consider myself to be an economist, nor do I aspire to be one, but if I am able to see the direct connection then many more of the US public can see this as well.
  The genius lies in the fact that Goldman was able to extort the entire GDP of the United States without even wearing a mask. Either the public is fully aware of this theft and cannot figure out how to rectify this situation or the people are collectively asleep at the wheel and could care less even if they knew.
  I, along with hundreds of thousands of others throughout America, am trying to rouse the people from their sleep if the later is true. The sad thing is that many that I have talked to, understand the theft and could care less because they can still eat beer and hot dogs at the ballpark. Further crediting the genius of Goldman is in their realization that they could steal the entire productive capacity of America, turn the People into rent-paying serfs with the consent of the Federal Government, and the American people wouldn’t even flinch.
  I for one am well aware of the theft that has taken place and that is exactly why I, along with the Campaign for Liberty, is working hard to unveil this theft through an audit of the Federal Reserve.

• 19 bob lane // Jul 15, 2009 at 3:23 pm

  Goldman exudes genius much as John Rockefeller did. They skillfully game the system to destroy opponents and achieve monopolies. Genius does not imply virtue. It defines the ability to master intellectual challenges others cannot. Goldman has manifested great cunning in manipulating the financial and electoral systems. It has transcended the requirement to obey the law. It has dispensed with anachronisms like honor and integrity to achieve unparalleled success. The company may be depraved, but it would be hard to argue that it lacks ingenuity. If you doubt Goldman’s genius, you probably also disparage Al Capone, who demonstrated uncommon acumen in constructing a vast criminal empire. The difference is that Goldman will not fall prey to the IRS because Goldman owns the politicians who control the IRS…which is a pretty bright thing to do, don’t you think?

• 20 Conspiracy Believer // Jul 15, 2009 at 3:26 pm

  More detail on the Goldman Sachs’ Genius? It is scary!! Credit for this information comes from from others. Read and learn how our government is not ‘of the people nor for the people’, but infiltrated by Goldman.

  Yes, Goldman is an elite training program for government leaders. Robert Rubin was Clinton’s Treasury Secretary. Paulson was with Goldman for almost 30 years, made $38 million the year before he became Treasury secretary. He got a sweetheart tax deal at the top of the market when he put his $700 million fortune in a trust. All that before the market meltdown that he helped set up.
  Paulson was a big winner, while America lost trillions. When all hell broke loose last fall, Paulson brought in Neel Kashkari (as assistant secretary) and other Goldman staffers to spread around TARP’s $700 billion.
  Earlier we read a perfect summary of the “Goldman Conspiracy’s” goal in Matthew Malone’s Portfolio piece: “Obama’s victory and Geithner’s appointment are the completion of Goldman’s meticulously crafted plan to become a superpower. The firm now has the clout to impose its will on the financial markets — and the world.” They have become the ruler of the American democracy. And if that’s true, then arguably the new president is also a party to their agreement by relying on Goldman’s brains and power.
  The World Bank
  When Paulson became Treasury secretary, Robert Zoellick, a former deputy secretary of state became chairman of Goldman’s International Advisors. Then in 2007, Zoellick became president of the World Bank, which lends billions to over 100 nations.
  Fannie Mae and Freddie Mac
  The portfolios of the two mortgage giants total $5 trillion. Their stock lost 90% of its value last year. So Paulson hired his old Goldman buddies to develop strategies. The conclusions were preordained by that White House: Nationalize only as a last resort.
  Commodity Futures Trading Commission
  Reuben Jeffery spent eighteen years at Goldman, became chairman of the commission from 2005-2007 while derivatives rapidly expanded, setting up the credit meltdown. He was appointed an undersecretary of state in 2007.

  Securities and Exchange Commission
  Former SEC Chairman Christopher Cox is a no alumni, but not for lack of trying: Bear Sterns and Lehman complained of traders panic-shorting their stock, but got no help. They failed. But when short-sellers turned on Goldman, Cox pushed thru an SEC ban.
  Federal Reserve Bank
  Chairmen Alan Greenspan, Ben Bernanke and the next likely Fed Chairman Larry Summers are unquestionably tied in with the manipulative games of Wall Street, most noticeably kowtowing to the “Goldman Conspiracy” and its free-market ideology.
  Foreign Intelligence Advisory Board
  Stephen Friedman spent about three decades with Goldman, was chairman in the 1990s. He headed George W. Bush’s National Economic Council before becoming Chairman of the President’s Foreign Intelligence Advisory Board.
  AIG
  Hank Paulson installed Goldman vice chairman Ed Liddy as AIG’s CEO to protect his old firm’s $20 billion derivatives exposure in AIG. Then Hank and his Fed buddy Bernanke gave AIG another $150 billion to keep AIG out of bankruptcy, and to make sure AIG’s derivative contracts were paid off, including Goldman’s $20 billion.
  Bank of America and Merrill Lynch
  Before becoming Merrill’s CEO, John Thain headed the NYSE, and earlier was Goldman’s co-president under Paulson, who planted Thain in Merrill Lynch. Paulson later forced Bank of America’s CEO Ken Lewis to buy Merrill, avoiding a Merrill bankruptcy and saving face for his old friend, and himself. Last week, Lewis admitted in Congress that Paulson forced him to make the Merrill deal … and shut up about it.
  Citigroup
  Robert Rubin spent 26 years at Goldman, a contemporary of Paulson. Rubin rose to co-chairman and left to become Clinton’s Treasury secretary. Obama’s economic adviser Larry Summers succeeded Rubin at Treasury. From 2007 to January 2009 Rubin was chairman of Citigroup, where he made $126 million. Last fall, Citigroup’s stock dropped over 60% in a week. Paulson gave Citi another $20 billion TARP on top of $25 billion previously committed, to help an old Goldman buddy.
  Bank of Canada
  Former Goldman executive Mark Carney has been at the Bank of Canada since leaving Goldman in 2003. Recently he received a seven-year term as its new Governor.
  Bank of Italy
  Mario Draghi is an banker and economist who was a partner of Goldman from 2002 to 2006 when he was appointed to a six-year term as governor of the Bank of Italy.
  State government
  New Jersey Governor John Corzine was with Goldman for 24 years until 1998, serving as CEO and chairman for five years before running for the U.S. Senate.
  President’s chief of staff
  Joshua Bolten, a former Goldman Sachs executive director in the ’90s became director of the Office of Budget and Management, then George W. Bush’s Chief of Staff.
  Goldman Sachs
  Recently Jon Winkelried, Goldman’s co-COO, resigned after 26 years. He made $67.5 million in 2007 just before the great meltdown. The current CEO, Lloyd Blankfein, also made $68.5 million, earning a total of $210 million during the five-year bull. Back in 2007, the average bonus for the “average Goldman staffer” was an a whopping $600,000, 10 times what the average American makes, while America’s markets lost trillions and taxpayers were saddled with trillions in new debt.
  What are they — and many more who lurk in the shadows — all guilty of in the “Goldman Conspiracy?”
  Over the years they have passed back and forth between Wall Street and Washington. Many more anonymously support these Trojan Horses from the sidelines, enjoying big bonuses. Goldman’s staff was among the president’s biggest donors. But they are bi-partisan. They bet on winners. No matter which political party or which politicians win, Goldman, a master at hedging, always wins.
  So yes, Goldman is the “superpower” running America and the world. Who would indict them? Not Obama, maybe New York Attorney General Andrew Cuomo? Or should we just give up, let them have it, even give them Freedom Medals? A bigger question: Do we really have a choice!?

• 21 rg // Jul 15, 2009 at 4:23 pm

  Amen !

• 22 liam // Jul 15, 2009 at 4:35 pm

  how long is this kind of corruption going to go on before things get violent. when things are so brazenly obvious and people so angry will it take violent revolution to change things. the only hope for america is Ron Pauls call to audit the fed if this fails, things will only be resolved on the streets, god help us if this bill fails to get passed through both houses.

• 23 Steve Kootstra // Jul 15, 2009 at 5:05 pm

  Yeah, I’m a bit perplexed/disappointed too. I expected outrage, not admiration. But I suppose when you’re being judged by the foolish and stupid it’s probably not that hard to look like a genius.

  Maybe with time folks will figure out that instead of admiring Goldman, they should be arraigning them.

• 24 Frank Sweet // Jul 15, 2009 at 5:29 pm

  You must be kidding, Goldman has its people in every key position in and out of government. When you are sucking on the teat of taxpayer ( and federal reserve ) money it’s hard not to succeed. Remember the oil calls and $147.00 oil…the bastards!

• 25 Vortex of Lies // Jul 15, 2009 at 6:09 pm

  Lazy, disgusting, apathetic, childish American’s have allowed this criminal cabal to take over the Government. The fleesing and plundering of the country has only started, it will get worse before it gets better. Therefore, dumbed-down Americans deserve to lose their Republic.

  The founding fathers are weeping in disbelief.

• 26 Gerald Trausch // Jul 15, 2009 at 6:22 pm

  Why not prosecute Goldman Sachs and Hank Paulson. We need an audit of Goldman Sachs as well as the entire Federal Reserve Banks and the officers on the Feeral Reserve Board.

• 27 Don Quijote // Jul 15, 2009 at 6:46 pm

  Right on!
  Glad to see some people know what really is going on.
  What now? Keep informed and don’t let the spin, confuse you.
  We are now adopting the economic philosophy of General Mugabe: Hyperinflation.
  God help us all…

• 28 Anonymous // Jul 15, 2009 at 6:54 pm

  the expose by Rolling Stone magazine about the actions of Goldman Sachs is a much read and video view as well to support your contentions.

• 29 Glen // Jul 15, 2009 at 7:12 pm

  AMEN!!

• 30 brian best // Jul 15, 2009 at 7:40 pm

  expose the bastards and lock them up with ,,madof

• 31 Roger // Jul 15, 2009 at 8:07 pm

  This whole government is nothing but organized crime fraud and treason. Who are you going to vote for next the Communists or Facist party.

• 32 Mick Smith // Jul 15, 2009 at 9:00 pm

  Your points convince me they did, in fact, display genius - they did all those things before their competitors could (Lehman, et al) and got the government to back their positions - genius. Can’t say I support what they did (I don’t) but under the rules of the game they played hard ball & won - ethical? that’s another question.

• 33 major // Jul 15, 2009 at 10:43 pm

  Your so right. But the herds of lemmings in the United States now wouldnt know the truth if it ran them over, let alone how to process it….

  They blindly follow their spiritual leaders Barack Obama and Al Gore….

  How are we going to get out of this mess…does it have to play out to its brutal end, or can people be brought ot their senses.

• 34 Greenhorn // Jul 15, 2009 at 10:58 pm

  Slider I just enjoy it when you vent, keep thinking loud so we can keep our sanity.

• 35 Mike // Jul 16, 2009 at 4:03 am

  Check out the following article to see how they do it.

  How Goldman Sachs Pumped and Dumped the U.S. Economy by Matt Taibbi

• 36 john // Jul 16, 2009 at 5:36 am

  Here, here! It’s about time someone said what needs to be said about Goldman Sucks. All those criminals should be arrested - including Hank Paulson - and thrown in jail. Goldamn Sucks is the damned government! They are running Treasury and the Fed! Let’s get those bastards!

• 37 Peter // Jul 16, 2009 at 8:49 am

  Will someone out there, explain to me how G & S can move money around, to different “rest areas” in the world to avoid US Taxes, and not be guilty of a crime?

  is this not exactly the crime committed by Mark Rich who had to flee to avoid arest, and was indicted for owing IRS $100Mil, until WJC pardoned him???

• 38 h plocek // Jul 16, 2009 at 9:08 am

  amen!

• 39 THE GAMIN // Jul 16, 2009 at 10:39 am

  We’ve read about Wank the son of Paul etc but I really think it’s time the true contollers are exposed. But alas the regulated mass media are out of bounds to the minority who realise what is happening. China’s latest province called Amelika sure needs to wake up. Tu ne cede malis…..

• 40 Stan Irvine // Jul 16, 2009 at 2:24 pm

  Some good questions raised here. I was reflecting on the fact that if I was given a few billion, interest free and I loaned it out and made a profit I could be a genius.

• 41 Free of State » Blog Archive » Gold Eyeing To Blow Through $940 // Jul 16, 2009 at 4:15 pm

  [...] Source: http://www.sliderontheblack.com/politics- money-and-markets/the-genius-of-goldman/ [...]

• 42 Rocketman // Jul 16, 2009 at 6:23 pm

  A lot of the comments here are negative on the government and GS and I don’t blame them. I feel the same way. But there’s a simple easy way to put a stop to this that no one is talking about. When you go into the voting booth in 2010, don’t vote for any Republican or Democrat but only for the Libertarian Party. Put some people in power in Washington that cares about the Constitution, limited government and individual freedom and the R’s and D’s will get the message soon enough.

• 43 Bruce // Jul 17, 2009 at 2:39 pm

  From Canada: The only guy who had the guts to question the boyzz was Paul O’Neil and what happened to him — He got fired for not cowing down to the boyzz. In business he would be seen as NOT being a team player. Oh yes honorable mention goes to David Walker for blowing the whistle on the books of the Co. USA inc. Obama — he is a campaigner - that’s all Bruce

• 44 Doug // Jul 22, 2009 at 3:58 pm

  Follow the link to see a couple of pretty good explanations of what everyone is talking about here.

  http://www.moneytalks.net/index.php?option=com_content&view=article&id=1855:how-goldman-sachs-makes-billions-steals-billions&catid=44:investmentfinances&Itemid=70

• 45 Dana // Aug 17, 2009 at 8:10 am

  The lynchpin to this whole operation is the private Federal Reserve Bank. It should be audited and members in charge imprisioned if illegalities are found. See and help Ron Paul’s bill to audit the FRB. Vote Libertarian

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