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Goldman Sachs - Reasonable Doubt submitted by Janet Tavakoli
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Hope lots of people read this. Denninger has some excerpts up too.
Kunstler's blog today says it's time for some generals to step up to the plate and kick the mafia out of power. Scary sh!t.
The more I read about GS the more I think they are nothing more than white-collar crooks. There has to be SOMETHING which they can be "nailed" to.
That being said, one of my tenants works for GS so maybe its in my best interest GS survives and does well (so I can get my rent on time). On 2nd thought, forget it...I have principles. If they are crooks then they should pay the consequences. I'm tired of them looting the taxpayer.
Excellent article. Tavakoli is one voice which carries significance in this debate.
It’s simple. Goldman is “The Matrix”, a not so simulated reality construct of the world as it was in 2007 developed by a bunch of “good men” to keep the human population docile in their captivity (and profit immensely from this situation). In time, The Matrix has had many agents (Greenspan, Rubin, Paulson, Summers) that possesses other bodies when there are defeated or have accepted retirement (the new agents are Bernanke, Geithner and.. well , Summers has been hanging around all the time). The Matrix lives from the resources extracted of putrid and unburied corps (among them, AIG and the GSEs are the most relevant, not only The Matrix got paid in full for the exposure to CDS issued by AIG but now they pretend to buy Fannie Mae tax credits to lower the bill on, eer…, the profits they made with the AIG CDS episode!). The putrid and unburied corps are kept alive sucking the money provided by millions of US taxpayers, who are harvested by The Treasury, The FED and other friends of The Matrix. The Oracles (Taleb, Rosenberg and Roubini among many others) have predicted the eventual emergence of “The One”, a man prophesied to end the limitless power of The Matrix. Today is the second day of November 2009… Neo, where are you??????
You mean corpse (I think, not the military unit).
Well, it is becoming more apparent to those who read that, the silk socks of Congress are covering feet of clay.
If Tavakoli's paper is correct, then who broke the law and which laws were broken? Anyone? Anyone?
Friedman and insider information for $100, Alex
OK and...
hint... financial statements (both of them)... mark to market... Anyone? Anyone?
It is called auditing. A verification process used regularly to disclose the competence of human beings within an accounting information system. Auditing provides the basis for establishing right or wrong- not guilt or innocence.
What happens when the "verifier" agrees that an asset is worth x on one company's books but the exact same asset is worth y on another company's books?
Their auditing firm losing alot of money, hopefully. Nothing punitive, maybe a few token prosecutions. So many hydra heads...
http://www.mcclatchydc.com/227/story/77841.html
GS foreclosing on America...
correction: foreclosing on the planet
+100 :-)
The CBNC creeps are talking about this right now. Charlie Gasbag & Tits Cabrera.