Joe Mason: Goldman’s First Community Reinvestnment Act (CRA) Holdup

rc whalen's picture

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Anonymous's picture

Community groups extorting funds!!!! I'm shocked,shocked to hear lobbying is going on in the legislature.

Anonymous's picture

Community groups extorting funds!!!! I'm shocked,shocked to hear lobbying is going on in the legislature.

sgt_doom's picture

If this be the same RC Whalen of Institutional Risk Analytics, I would like to avail myself of this opportunity to point out that Mr. Whalen is one of those in the minority of educated thinkers who realize that the process of securitization is nothing new, but began back in the early 1900s and led to the Crash of '29 and the first Great Depression.

Thanks for your remarks to the SEC on that matter, sir.  And thanks again to the late brilliant progressive economist, John Kenneth Galbraith, for his book on that Crash.

JohnKing's picture

I think the union folks were at the door recently, it looks like the holdup worked:

http://call.seiu.org/9/helpstella

apparently the Goldman folks are adding guns to their money and lawyers:

http://www.seiu.org/2009/12/god-guns-and-goldman.php

SEIU....

sgt_doom's picture

Yeah....I'm sure that Goldmine Sucks is really noticing anything from the SEIU, or any other union.

A monopoly of monopolies, those debt-financed bankers of GS only notice their undeclared assets......

Careless Whisper's picture

"As for Goldman, welcome to the banking industry!"

GoniffSachs is a hedge fund. If they have to donate to a CRA as part of the charade, you can be sure they will have a former employee running the CRA and dispursing the funds.

 

EB's picture

HFT now finances CRA.  How poetic.  VWAP to the rescue of the common man.