“For God’s Sake,” Scream’s Blankfein, “bet it all before they somehow try to claw it back!”
No, it’s not a bad dream, it’s your morning wake-up call, as Goldman Sach’s AIG bailout conduit helps fund the next BIG WAGER of extorted taxpayer dollars.
In so doing, they help keep the Greenspan – Summer’s derivatives casino “flowing with confidence”.
Of course, continued “exceptional assistance” for the banks, flowing from Geithner’s taxpayer-funded Ponzi scheme, is part of that ongoing need.
Do not be distracted by the media’s recent focus on the rebound of the Dow, Somali pirate attacks or the Swine Flu. The outrageous conflict of interest between Goldman and it’s ”regulatory” cronies–which enabled this Fascist seizure of public funds for speculative securities trading is the real news:
April 27 (Bloomberg) — Goldman Sachs Group Inc., unbowed by the securities industry’s worst year since the Great Depression, increased its trading bets at the fastest rate on Wall Street.
Offense beat defense in the first three months of 2009 as Goldman Sachs reported record revenue of $9.4 billion, dwarfing Morgan Stanley’s $3.04 billion …
I cannot begin to express how disgustingly offensive it is to see Goldman’s government-sponsored theft of taxpayer futures reported as income and used to pump more hot air into the 1.14 quadrillion dollar global derivatives bubble.
Try not to read the full story less than two hours before of after lunch, as the ensuing reaction could evoke a flu-like gag reflex based on an altogether different form of SWINE!
Meanwhile, back at the administration’s Great Socio-economic Behavior-Control Experiment:
Investor confidence in financial markets is returning after the U.S. government and the Fed agreed to spend, lend or commit $12.8 trillion to end the longest recession since the Great Depression. Finance chiefs from the Group of Seven predicted in Washington on April 24 that the world economy will start to rebound later this year.
It’s bad enough that the public is being fed this “bottom is in” delusion, but the price tag for this continued brainwashing (more than three times the entire cost of World War II so far, but still only 6% of potential derivatives claims outstanding) is sure to result in the final de-evolution of the American System and it’s once sacred Constitution.
Does anybody actually get these numbers? Maybe the graph below showing debt to GDP can better illustrate the concept (notice the “Depression” spike as compared to the last decade’s ”off the chart” climb, ending with data from over a year ago):
As America declines into 3rd world status, perhaps JP Morgan could take over the stewardship of the original Declaration of Independance and related parchments as a quaint remembrance of that nostalgic era of a government once held “by the people, for the people, with liberty and justice for all”.
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My comment is not for this particular post. It’s the way I view not only this post but your entire site. KEEP UP THE GREAT WORK!!! Our tax dollars has already made these white collar criminals too wealthy already!
But why should they think any different? We’ve bailed out these people several times over the past century. They knew the taxpayers money would come to the rescue when they entered their ‘den of theives’.