Why Was Paulson's June 2008 Meeting With Goldman's Board Purposefully Kept Secret By The Treasury?

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Tue, 10/20/2009 - 12:57 | 104468 Cursive
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I don't believe they discussed the possibility of another bank blowing up, I believe that the GS cronies, Paulson included, were discussing exactly how LEH would go down.  This has all been planned.  What more proof do we need?  And they met in Russia of all places?  Wall Street is full of gangsters.  These gangsters, a/k/a "banksters", have no allegiance to our country.  How is that not more apparent to more people?

Tue, 10/20/2009 - 12:59 | 104477 Cursive
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BTW, Cuomo, if you are reading this, for the sake of our country, please start the indictments already.

Tue, 10/20/2009 - 13:35 | 104537 deadhead
deadhead's picture

BTW, Cuomo, if you are reading this, for the sake of our country, please start the indictments already

I think it likely that Mr. Cuomo/staff are checking in here and I echo your thought. I reiterate my previouosly stated position that the State AGs are doing much more in terms of respecting the rule of law than the SEC. 

Thank you from a NYer who appreciates your efforts Mr. Cuomo and that of your staff.

Tue, 10/20/2009 - 14:02 | 104595 bonddude
bonddude's picture

If he gives up the ghost on BofA he appears to be lined up for Gov. but if he pushes on he could be President.

Tue, 10/20/2009 - 16:21 | 104817 deadhead
deadhead's picture

I have little doubt that the big house is on his list. 

Wed, 10/21/2009 - 02:04 | 105345 agrotera
agrotera's picture

Yes, please!

And while you are at it, --please take a look at all of Goldman's short positions in LEH, and their ownership of CDS's and then take a look at every affiliate of Goldman, all subsidiaries, etc, so that every single fund or partnership that is tied to Goldman is previewed for their ownership of LEH CDS's and shorts...then take a look back and notice that GS was going down at the same pace as LEH (and so was MS).  If you then consider a massive acute win on the LEH short and CDS bet, surely this was the blood needed to get the other brothers down the road to their bank holding status (which LEH wasn't given in a timely manner) and their ultimate BAILOUT.


Tue, 10/20/2009 - 13:10 | 104496 Cognitive Dissonance
Cognitive Dissonance's picture

Silly rabbit, tricks are for kids.

They all met for social reasons, which in my book means group sex, with each other, without condoms.

I hope they all infected each other.

Tue, 10/20/2009 - 13:29 | 104520 Cursive
Cursive's picture


I read Mish's post WRT GS last night.  Given that Kashkari and this other kid is the COO at the SEC have no business being there, I was struck with the thought that, if either of them were all that, why wouldn't the execs at GS want them inside the company.  Well, truth is, they probably suck and their only usefulness was as a public pawn.  If you are a no-talent POS within Goldman, how do you apply for becoming the public pawn?  Well, you probably start traveling in the darker circles of GS and, after a few milder initiation attempts (e.g. elephant walks), you probably have to submit to ritualistic homosexual sex.  Sort of like the Templars, no?  That's the only thing I could come up with.

Tue, 10/20/2009 - 13:40 | 104550 ghostfaceinvestah
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My thoughts exactly.

"the prospects of banks blowing up (like Lehman)"

More like: "which banks to blow up".

No doubt LEH was a pain, they were actually better than Goldman at some areas of bond underwriting.  With BSC out of the way, killing LEH would be very convenient indeed.

Tue, 10/20/2009 - 12:58 | 104470 Commander Cody
Commander Cody's picture

Government in the sunshine my ass.  Paulson is, and has always been, a Goldman man through and through.  A stooge to the end.  Screw Hank.

Tue, 10/20/2009 - 12:59 | 104471 koaj
koaj's picture

hang them all

Tue, 10/20/2009 - 13:22 | 104513 dark pools of soros
dark pools of soros's picture

no - heads on sticks... we need the message to last as long as possible

Tue, 10/20/2009 - 12:59 | 104474 Anonymous
Anonymous's picture


Tue, 10/20/2009 - 13:00 | 104478 Careless Whisper
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Is anyone still in denial that GoldmanSachs owns the government; lock, stock, and barrel?



Tue, 10/20/2009 - 14:20 | 104619 Anonymous
Anonymous's picture

THE Banking Cabals are our government now!!

Wake up frogs! You are slowly being boiled to death...

Tue, 10/20/2009 - 14:53 | 104669 Cognitive Dissonance
Cognitive Dissonance's picture

Why should I? Isn't there such a thing as self cannibalism?

Who was it that said "I love me some me."  

Tue, 10/20/2009 - 13:04 | 104480 chet
chet's picture

For those with the same question I had:

The book is called "Too Big to Fail".  I think Sorkin is discussing it on NPR's Fresh Air today.

Tue, 10/20/2009 - 13:08 | 104491 Anonymous
Anonymous's picture

"Hank Paulson, who is already in hot water with regard to his Bank of America involvement"

Oh please, no he's not in 'hot water'. Does anyone honestly believe Hanky is losing sleep? He's got a PR person on the problem and he's moved on.

Tue, 10/20/2009 - 13:11 | 104500 Anonymous
Anonymous's picture

I am sure the Russians will know. ZH have to inquire with Kremlin(discretely of course)to see if they have any record through their bugging of the suite(lol)

Tue, 10/20/2009 - 15:44 | 104751 VegasBD
VegasBD's picture

thats prolly not that for from a realistic possibility...

Tue, 10/20/2009 - 13:14 | 104505 aint no fortuna...
aint no fortunate son's picture

Gee, and Neel Kashkari had such nice things to say about Paulson, Geithner and Bernanke today on America's premier business fantasy show, CNBC. To hear him talk, they all ought to get lifetime achievement awards for their conduct over the past two years.

Hmmm, I wonder what Kashkari did before he went to Treasury.

Tue, 10/20/2009 - 13:48 | 104571 Lionhead
Lionhead's picture

He looks like a young Dick Grasso. Very attractive, I understand, to the female CNBC staff. No wonder they had him on today to divert attention away from more pressing matters. May all their heads be severed & put on public display someday.

Tue, 10/20/2009 - 13:16 | 104507 Bob
Bob's picture

Why keep it secret?  To protect us all from getting the "wrong" idea, of course.  Gotta always protect the people--it's a wonder they're able to sleep at night. . . but I guess they do all that worrying for us so that we can.

Tue, 10/20/2009 - 13:16 | 104508 rhinotrader
rhinotrader's picture

Does anyone think that disposable Cell phones are given for "private" talks between the FED and GS are? I am surprised people are only concerned about calls made from the office.

Tue, 10/20/2009 - 13:20 | 104512 Anonymous
Anonymous's picture

Ain't this how you're supposed to run a banana republic?

It's the Wild west all over again and the sheriff is owned by the Cavndish gang.

Tue, 10/20/2009 - 13:25 | 104516 George the baby...
George the baby crusher's picture

But the sad thing is, we know. They know we know and we know they know we know. But we'll never get to them.

Tue, 10/20/2009 - 13:37 | 104541 deadhead
deadhead's picture

it's turning to a noticeable degree. the Chuck Todd piece this a.m. with D. Ratigan is a perfect example.  HuffPo on a daily basis trashes the wall st, banking, treasury, fed complex.  the wheel is getting squeakier and rahm and david a. know it.


Tue, 10/20/2009 - 13:54 | 104584 Cognitive Dissonance
Cognitive Dissonance's picture

Then it's a perfect time to engineer another market crash and distract everyone from the slowly-coming-to-the surface corruption by sinking a few of everyone's boats.

Nothing focuses the mind quite like a sudden drop in your net worth. 

Fed, start removing some of that liquidity you've been pumping non stop for 7 months. Won't take much to stampede the sheeple. They're expecting it anyway.

Tue, 10/20/2009 - 14:36 | 104639 George the baby...
George the baby crusher's picture

Is there accountability though?

Tue, 10/20/2009 - 15:58 | 104775 tip e. canoe
tip e. canoe's picture

"the wheel is getting squeakier and rahm and david a. know it."

new green energy idea for the administration:  install one of those pedal power energy generator thingies under tiny tim's desk and you could power the entire treasury building for the next year as the foot tapping becomes furious under there.

come on timmy, you can do it!  remember, "plan is better than no plan!"

Tue, 10/20/2009 - 13:30 | 104521 Anonymous
Anonymous's picture

"They questioned him about the possibility of another bank blowing up, like Lehman,..."

Mistake? Did he meen Bear Stearns? How could you otherwise ask that question in June 08?

Tue, 10/20/2009 - 13:32 | 104526 Anonymous
Anonymous's picture

What the hell was anybody doing in Moscow talking to Gorby?

Tue, 10/20/2009 - 13:38 | 104543 Anonymous
Anonymous's picture

When exactly did this happen, it doesn't say?

Tue, 10/20/2009 - 13:44 | 104558 Anonymous
Anonymous's picture

Vive la BANKSTERS. Since the decline of the western Monarchies, they've been in control of everything. Don't kid yourselves. THEY OWN YOU.

Tue, 10/20/2009 - 14:37 | 104642 George the baby...
George the baby crusher's picture

Who? Me?

Tue, 10/20/2009 - 13:52 | 104578 Anonymous
Anonymous's picture

If you think Mugabe Jr. is not going to fuck GS over in the end, you don't know much about history. (neither does GS).

Tue, 10/20/2009 - 13:53 | 104580 Screwball
Screwball's picture

I agree DH, but not near squeaky enough.  No let up, keep after the fraudsters and crooks until they are hanging by their nuts.

Tue, 10/20/2009 - 16:24 | 104819 deadhead
deadhead's picture


Tue, 10/20/2009 - 13:56 | 104587 theprofromdover
theprofromdover's picture

'A social evening in Moscow'

I'm sure Vladimir P has it all on tape (informally of course).

I'll have a word next time I see him.

Tue, 10/20/2009 - 14:15 | 104607 waterdog
waterdog's picture

Given Paulson’s arrogance about how he did everything for the good of the people, one should just simply ask him what was discussed at the meeting. He will tell you everything. He does not care what you think about him or, what you think you can do to him. He is not going to lie to anyone about something he set up. Also, he does not care how some spineless, girlie boys in the administration felt about the meeting or how they handled it with public knowledge. What the heck, does he have to do everything?

Tue, 10/20/2009 - 14:18 | 104616 Anonymous
Anonymous's picture

The only thing that should "boggle your mind" is the fact that Paulson DOES NOT HAVE HANDCUFFS on!!!

The very individual that lobbied SO HARD for deregulation of the banks and was SO vital in creating this FRAUD of historic proportions is FREEEEEEEEE

Call your Senators and Congressmen daily until he isnt.

Tue, 10/20/2009 - 14:50 | 104661 Anonymous
Anonymous's picture

Come on all...
Paulson, Hank...

did the best he could, with what he had, at the time he did it, with those he knew could handle it, by telling others who could profit from it, who in turn, would provide payment back, to those who needed it, to keep those who did not get any, away and in the dark- for as long as possible.

Until, someone found out, and wrote in a blog, that started a stink, that.....

Tue, 10/20/2009 - 15:13 | 104687 sergeyvz
sergeyvz's picture

Much more interesting question: why the whole GS Board went to Moscow in the first place ?? They say: to meet with Gorbachev... :))) gimme a break !

This clown who have to advertise Louis Vuitton bags to make his living has no any influence in Russia at all. One guess - they went to discuss joint Paulson/GS raid on commodities and oil prices, but there might be more hidden...

See also here for some interesting thoughts:



Tue, 10/20/2009 - 16:47 | 104864 Careless Whisper
Careless Whisper's picture

Russian Oil Pipeline being constructed from Siberia to China. Putin in charge of it. Cost $24 Billion. That's $24 Billion worth of bonds that the Squid will sell.

Tue, 10/20/2009 - 16:09 | 104794 Mark Beck
Mark Beck's picture

Now I am not defending Hank here, but he was after all appointed by Bush. I wonder what questions he asked of Hank before giving him the position? Here are some comments from President Bush;

President Bush’s comments that “one of Mr. Paulson’s objectives would be to ensure the currency flexibility of the US’s trading partners,” such as “to allow a faster appreciation of the [Chinese] renminbi in order to help reduce global economic imbalances.” The article continues that “By mid-session New York trade, the dollar was down 1 per cent at $1.2866 to the euro, 1.3 per cent to $1.8818 against sterling, 1 per cent to SFr1.2119 against the Swiss franc, 0.2 per cent at Y112.23 against the yen, and 0.6 per cent to C$1.0995 against its Canadian counterpart, brushing 28-year lows.”  

To me it was obvious from the start that Hank was not qualified to be Secretary of the Treasury even in the best of times. But, to have Hank in place during the banking crisis was one of our greatest financial misfortunes in the history of the US.

Tue, 10/20/2009 - 18:48 | 105039 Anonymous
Anonymous's picture

Nothing will come of this. Nothing will come of anything now in the works, whether it is pressing Goldman or Paulson or auditing the Fed or getting the Fed to respond to Bloomberg's FOIA request (is it September 30th yet?). Congress and a few judges and a state AG will talk, a couple of bloggers will get nasty, a TV face or two will let off some steam, but in the end NOTHING will get done.


Patience is not a virtue, it is a weakness. The choice is now do we all shut up, bend over, and take it like the "bitches" we are, or do we shake the tree of liberty and take the country back? I'm guessing we'll just bend over.

Either we literally take the heads of those who deserve to have their heads taken, or we lose. It is not treason to advocate the only thing that can save what was once our country, it is patriotism.

If the Founding Fathers had our degree of courage, we'd be Bermuda.

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