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ECB Head Forced To Defend His Goldman "Conflicts Of Interest"
As we have discussed a number of times (most recently here), the infiltration of Goldman Sachs alumni into the highest ranks of political and monetary policy 'running the world' ranks is becoming pandemic. What is perhaps even more surprising is the fact that during the ECB's press conference this morning, the head of the world's 'almost' most powerful entity had to defend himself from such crackpot, tin-foil-hat-wearing, digital-dickweed-esque conspiracy theories that Draghi's affiliation to the Mother Squid is of greater importance than his current professional position. The sadly ironic aspect is that Draghi's membership of the Goldman Sachs-sponsored G-30 warranted more discussion during the press conference than that of Italy's Monti debacle (or Greece's "killer medicine").
From ECB Press Conference
QUESTION:
Mr. President, I have two questions about your membership in the Group of 30.
First, taking your closeness to the private banks and in face of pending conflicts of interest and ethical issues, how do you explain your ongoing G30 membership?
And my second, of the 30 members, five members are formal or present bankers of Goldman Sachs.
This group is co-founded by Goldman Sachs. You're a former fellow of Goldman Sachs. How do you intend to avoid conflicts of interest?
DRAGHI:
Well, actually, I don't intend to avoid. I think there aren't any conflicts of interest. But let me - given - I'll read it to you what is – given the objectives and purpose of the organization, the ECB does not consider the membership of the ECB's president in the Group of 30 entails a conflict of interest.
You might have seen that I'm not the only central banker being member of the Group of 30. Just to name a few of my – a few - my predecessor, Jean-Claude Trichet, Mervyn King, who are not Goldman Sachs bankers, Governor Zhou of China, who was not a Goldman Sachs member, Masaaki Shirakawa, who was not a Goldman Sachs member, and also Mark Carney, who was a Goldman Sachs member.
I have no idea whether Group of 30 is being financed by Goldman Sachs. Actually, it's new to me.
But the European ombudsman was approached by the person claiming that it is a conflict of interest. The ECB has replied to the questions of the European ombudsman by the given deadline, and the answer is publicly available. The final assessment of the European ombudsman is still pending. Thank you.
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Seems perfectly reasonable to me......BWAAAAAAAAAAAAAAAAAAAAAAA
Lets look at the list:
The current members of the Group of Thirty are[6]:
The Group of Thirty is supported by private sources: banks, nonbank corporations, central banks, individuals, and, for specific projects, foundations.
From the G30 Annual Report 2011: http://group30.org/images/PDF/ReportPDFs/G30AnnualReport20102011.pdf
Here they are:
Absa Group Ltd
AIG, Inc.
Arab Fund for Economic and Social Development
Asociación Española de Banca (AEB)
Austrian National Bank
Banca d’Italia
Banco Central de Chile
Banco de Galacia
Banco de Portugal
Banco Mercantil
Banco Sabadell
Banco Santander
Bank Hapoalim
Bank Leumi le-Israel BM
Bank of East Asia, Ltd.
Bank of Nova Scotia
Bank of Tokyo Mitsubishi UFJ
BANKIA
Banque Centrale du Luxembourg
Banque de France
Barclays
BMCE Bank
BM&F Bovespa
BNP Paribas
Brevan Howard
Brown Brothers Harriman & Co.
Caxton Associates
Central Bank and Financial Services Authority of Ireland
Central Bank of Barbados
Central Bank of Malta
Central Bank of Jordan
CIB Bank Ltd
Citicorp
Commonwealth Bank of Australia
Credit Suisse
Danmarks National Bank
Debs Foundation
Deutsche Bank AG
Dubai Financial Services Authority
Ferguson, Roger
Gavea Investimentos
Goldman Sachs and Co.
Gulf International Bank
Gyohten, Toyoo
Hong Kong Monetary Authority
HSBC Holdings Plc.
Indian Banks’ Association
Itau Unibanco
Japan Credit Rating Agency
JPMorgan Chase International
Kaufman Foundation
LCH Clearnet Group Limited
Mizuho Financial Group Inc
Monetary Authority of Singapore
Moore Capital Management
Morgan Stanley & Co., Int’l
National Bank of Hungary
Olayan Group
Open Society Foundation
People’s Bank of China
Reserve Bank of Australia
Reserve Bank of India
Roth, Peter
Royal Bank of Scotland
Russo, Thomas
Sella Holding Banca
Singapore Government Investment Corporation
Soros Fund Management
Standard & Poor’s
Sullivan and Cromwell
Sveriges Riksbank
Swiss National Bank
Swiss Re
TEMASEK
The Challenger Foundation
Tudor Investment
UBS
UniCredito Italiano
Whitehead Foundation
thankyou for the links...
again mucho thanks!
.... Bank / Banco/ Bankster = Ruler
Wake up and start the Revolution.
The sweater looks good on you, but shoulda got a new blocker before the big tourny, eh Mario?
I herewith offer all my 'athletic support'...
+ 30
That´s quite a rogue´s gallery there Alaric, good work!
You forgot to include home addresses.
These people aren't the very top of the Oligarchy and neither is Goldman, they're just tools of the ruling Elite families. And even if you could get them all (which would be really hard because of all the secrecy) More lizards would slither to the top and take over. The system they use needs to be dismantled, I hope somebody smarter than me figures out how to do it.
Who do you want?
For example, one of ZH's favorite whipping boys who happens to believe an alien invasion would be good for the economy, has a favorable mortgage for his tree shaded abode with...you guessed it, JP Morgan.
Also two esteemed Boston Ivy League economists are in bed together in a real estate Limited Partnership since 1976.
;-)
Get a rope...
Jacob A. Frenkel – Chairman of the Board of Trustees, Chairman of JPMorgan Chase International; former Chairman, Bank of Israel
There's a name I haven't seen before. Now we can finger him in the Bankster crime syndicate puzzle.
Thanks for the list.
This Frenkel guy is a real piece of work...
JPMorgan Chase 2009-PresentAIG 2004-
Group of Thirty
Merrill Lynch 2000-04
Bank of Israel 1991-00
IMF 1987-91
some great digging, AlaricBalth
:-))
One of the G30 benefactors is the Open Society Foundation, with upon further examination is a George Soros founded organization.
Another of the G30 benefactors is the Whitehead Foundation, which was started by John C. Whitehead, the former managing partner for Goldman Sachs, and Deputy Secretary of State in the Reagan Administration.
How can you have any circus if you don't eat your bread?
How can you run a circus if you don't employ any clowns?
The moral compass of these people is so fucked up that they wouldnt make the difference between an orphanage and a juvenile prostitution brothel.
We are all conflicted in our interests, some (much) more than others.
<But Goldman Sachs holds a special tentacle place in alumni hearts.>
GS knows exactly where the bodies are,
of those that they made them kill, doing God's work.
Buried in the OTC market, no doubt.
"Once the toothpaste is out of the tube, it's hard to get back in."
H R "Bob" Haldeman
King Squid! Coming to yet another country near you soon. But, that would upgrade the Squid to Emperor!
All hail the Emperor Squid!
And on your knees when you do that bitchez!
I thought vampire squids had many heads?
cue williambanzai7
That's the best he could do? Ouch.
The veneer of lies, spin, and misdirection is getting extremely thin.
It becomes a self amplifying reinforcement. The more these bankers see that the public is too fat, dumb or lazy to care, then the more brazen and corrupt they become. It's like he is talking out into space where no one will ever hear.
Dup deleted.
Whoever asked that question better be watch where they eat or drink in public. I sense a sudden heart attack coming.
Can s/he at least use a public bathroom?
<Cus when ya gotta go, ya gotta go.>
its all perspective. To me it sounded like a staged question he was ready for .
Rest assured, that member of the press will not be allowed to any future ECB/Goldman press conferences.
Um...nevermind all this, LOOK we're pumping stocks GREEN thats all that matters WHEEEEEEEE!!!
..... Wow, way too cold a day for Jim and the Twins to be out...Apparently.
I Junk that baby junk.
http://upload.wikimedia.org/wikipedia/commons/7/79/Global_Map_of_Male_Ci...
Apparently, it's just easier to list members that were NOT from GS.
the squid runs the show no matter who is in there. in a weird way it is more honest to have them run everything overtly.
OT: www.The Trader.se hasn't put out many posts last several days.
Does anyone know what's up?
am frequently wondering what the leadership of the world would look like if dueling had never been abolished.
It would seem that everything started circling the drain from then on.
Goldman Sachs Rules the World (slideshow):
http://www.ibtimes.co.uk/articles/323748/20120404/goldman-sachs-banker-g...