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Confused Why Goldman Will Face No Criminal Charges? Here's Why

Tyler Durden's picture




 

Yesterday, in a brief but informative post, we asked and answered a simple question: "Confused Why So Many Foreign Banks Are Suddenly Being Charged By The US? Here's Why." Naturally, the reference was to such foreign banks as Standard Chartered, Barclays and HSBC (but not UBS and Credit Suisse) which have recently fallen under the US pre-election scapegoating scythe and have found themselves in hot water with US regulators.

Today, on the other hand, we learned courtesy of Goldman's 10-Q, that the US justice department will not press criminal charges against Goldman Sachs. This, despite Senator Carl "Shitty Deal" Levin, in one of the most bombastic kangaroo court spectacles on live TV ever, asking for a criminal investigation after the subcommittee he led spent years looking into Goldman, and in which he said Goldman misled Congress and investors (and according to which billions in fraudulent RMBS misrepresentations are all still only Fabrice Tourre's fault, at that time under 30 years old). And so we pose the same answer, and provide the same anwer, as yesterday, only flipped around: "Confused Why Goldman Will Face No Criminal Charges? Here's Why."

Since we are lazy, we will even reuse the same table. It needs no explanation.

And let that be a lesson to you dear foreign banks: if you want to play, you have to pay. Of course, the returns are more than worth it.

 

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Thu, 08/09/2012 - 19:56 | 2692584 sunnydays
sunnydays's picture

They are all whores! 

Thu, 08/09/2012 - 19:59 | 2692594 vast-dom
vast-dom's picture

please don't besmirch the honest work of whores.

Thu, 08/09/2012 - 20:02 | 2692607 The Monkey
The Monkey's picture

Time to short sell the market.  If you are new to it, it means load up on SPXU and FAZ.  You have to deal with a potential 10% drawdown, but no more.  The bulls can't take it higher and they know it.

This is easy money to anyone that really knows the markets.  The markets have topped out.

Thu, 08/09/2012 - 20:09 | 2692637 Spastica Rex
Spastica Rex's picture

Good one. Dry. +1

Thu, 08/09/2012 - 20:51 | 2692726 old naughty
old naughty's picture

But, but, Big Pharma has 775 times return...

Thu, 08/09/2012 - 21:00 | 2692747 krispkritter
krispkritter's picture

GS=Go(forth and) Sodomize...the Muppets!

OK. They won round One. I say the next round is copper-clad and directed towards you-know-who...This is so Orwellian it boggles the (sane) mind!

Thu, 08/09/2012 - 21:24 | 2692805 lewy14
lewy14's picture

Well, they did just release a Java collections class on github. https://github.com/goldmansachs

Can they be all bad?

[27 nanoseconds later]

Yes.

Thu, 08/09/2012 - 22:09 | 2692877 BKbroiler
BKbroiler's picture

If political contributions are bad, then why did all these retards support Citizens United?

Fri, 08/10/2012 - 00:01 | 2693107 fourchan
fourchan's picture

the levin brothers are two fucking retards.

Thu, 08/09/2012 - 20:15 | 2692653 Brother Sebastian
Brother Sebastian's picture

Not quite, but we're very close.  Perhaps tomorrow or Monday?

Thu, 08/09/2012 - 20:25 | 2692674 The Monkey
The Monkey's picture

Here comes the bitchin' ZeroHedge bearish article launch from space.

That's right - the most negative, nasty, set of headlines awaits.

If you need the money, short the market now with FAZ or SPXU, because it's easy.  I hope I didn't pay for a whore.  Go put the extra cash you gain toward charity.  Seriously.  Don't be an ass.

 

Thu, 08/09/2012 - 20:46 | 2692718 DoChenRollingBearing
DoChenRollingBearing's picture

@ The Monkey

Well maybe, but I got burned REAL BAD by buying FAZ...  Timing...

Thu, 08/09/2012 - 21:18 | 2692787 knukles
knukles's picture

What's timing got to do with it?
You can get front runned by algos any time :).

 

Thu, 08/09/2012 - 22:26 | 2692910 dolce vita
dolce vita's picture

...the swindle continues until implosion....

Fri, 08/10/2012 - 01:27 | 2693269 The Monkey
The Monkey's picture

You bought early. You only short the market when it can't go much higher. It can't.

Sitting in the market right now is like waiting to lose your ass. Short the market and put yourself on the right side of the trade. If you can't short, buy 30 year treasuries. They have about 15% left in them.

Bears are totally in control here.

Fri, 08/10/2012 - 06:55 | 2693467 poor fella
poor fella's picture

IF I were wearing a Bull Suit one could pimp pump up a China-full-retard floodgate as the next "world is fine" moment. Good for another 20. EVERYTHING is priced in is good for another 15. QE3 good for 25.. Merkel is good for 30...  ahhh,  fuck it

One can only laugh when computer traded vol is 99.9% and that's when things break BIG TIME

Thu, 08/09/2012 - 20:09 | 2692636 Vet4RonPaul
Vet4RonPaul's picture

Agreed, whores are much more wholesome than pig men banksters and neocon GOP and Dems.  However, the American public did have a chance to choose an honest man but they went for the neocon chickenhawk bankster-bought RomBamney.  The majority of the EU and US now depend on the local, state, regional, national and multii-national to maintain their weekly tax-payer fix; teachers, cops, fed employees, defense contractors, SSN receipients are all sucking the teat now and they ain't gonna give up their spot without a fight.

Thu, 08/09/2012 - 20:15 | 2692650 azzhatter
azzhatter's picture

Whores give you a return on your investment.

Thu, 08/09/2012 - 20:20 | 2692664 AssFire
AssFire's picture

Hey,

Have you talked to mom lately? Hope all is well brother.

Thu, 08/09/2012 - 20:26 | 2692678 EscapeKey
EscapeKey's picture

...and a happy ending, as opposed to the quite opposite you can expect if you let Goldman Sachs "manage" your wealth.

Fri, 08/10/2012 - 01:41 | 2693282 TaxSlave
TaxSlave's picture

Whores don't sell what isn't theirs, they only sell to willing customers, and most of them don't steal.

Fri, 08/10/2012 - 08:39 | 2693617 imaginalis
imaginalis's picture

Whores try to shoot your load
GS try to load your chute

Fri, 08/10/2012 - 08:39 | 2693619 imaginalis
imaginalis's picture

Whores try to shoot your load
GS try to load your chute

Thu, 08/09/2012 - 20:29 | 2692683 ACP
ACP's picture

Yup, gotta pay the whores...the world's oldest shipping company just filed:

http://www.bloomberg.com/news/2012-08-09/world-s-oldest-shipping-company...

Obviously failed to pay the whores. It's prett much the only was to stay in business nowadays.

Thu, 08/09/2012 - 21:50 | 2692848 max2205
max2205's picture

Shocked I say

Fri, 08/10/2012 - 15:22 | 2694998 MonkeeRench
MonkeeRench's picture

...those that do honest short-term rental with voluntary adult negotiation, that is.

#Banksters and their #CorruptElites have permanently sold their souls to perdition and fraud, with no redemption possible for all the irreparable damage they have done, wordwide.

Thu, 08/09/2012 - 21:14 | 2692778 kliguy38
kliguy38's picture

Whores make an honest buck workin' their arses off....many are extremely attractive......HOW do you compare them with these guys??? 

Thu, 08/09/2012 - 21:22 | 2692797 wombats
wombats's picture

They may be whores, but HOs work hard for their money and they need lov'in too.

Fri, 08/10/2012 - 00:17 | 2693132 combatsnoopy
combatsnoopy's picture

Give the man a gun and he can rob a bank.
Give the man a bank and he can rob the world. 
http://www.cnbc.com/id/48602474
sorry- here's my feelings about this. IF the GOVERNMENT FAILS JUSTICE and CHOOSES NOT TO SERVE THE PEOPLE, - a A TAX HOLIDAY IS IN ORDER UNTIL THEY FIX THE CORRUPTION AND DECIDE TO SERVE THE PEOPLE OF THIS COUNTRY. If China wants to pay Congress's and the corrupt judge's salaries-then so be it. We don't owe them shit as far as I'm concerned if they're going to continue financing the racketeering in our government with the trade surplus WE gave to them. 

http://www.washingtonpost.com/wp-dyn/content/article/2010/10/19/AR2010101907216.html
Oh wait, sorry- the Boomers are too passive resistant to solve problems? Should you think exactly how the PR firms tell you? 

http://www.dandodiary.com/2010/06/articles/subprime-litigation/an-updated-analysis-of-subprime-securities-suit-dismissal-motions/
http://www.dandodiary.com/2008/06/articles/subprime-litigation/the-list-subprime-lawsuit-dismissals-and-denials/index.html
http://www.skadden.com/content/Publications/Publications1962_0.pdf

Why should we pay them if they work for the lobbyists?  China can foot the bill.  We're dealing with a bad economy, we can't foot the bill of our corrupt government.   

Thu, 08/09/2012 - 19:56 | 2692586 boogerbently
boogerbently's picture

The "Smartest Guys in the Room" are NOT our elected reps. LOL

Thu, 08/09/2012 - 20:17 | 2692659 EscapeKey
EscapeKey's picture

What are you on about? They all retire rich.

Thu, 08/09/2012 - 21:20 | 2692789 ReactionToClose...
ReactionToClosedMinds's picture

Folks have to read this article link in it's entirety .... it is absolutely mindblowing (surprised ZH has not made a full-blown commentary about this stunning revelation) ... yet nary a hint of this in NYTimes, Washington Post or networks.  Am surprised the WSJ did not pick this up.  While I voted last time the other way ... I actually preferred Team O figuring despite Tony Rezko & Chicago, he really might be a breath of fresh air.   This makes Nixon look like a dolt ... and Clinton to be an altarboy with Rubin in his cabinet no less.

The hits just keep rolling for the USofA

 

Thu, 08/09/2012 - 19:57 | 2692587 Big Corked Boots
Big Corked Boots's picture

The only way shit can have any value is to compost it. I suggest we convert a jail cell, and let it sit for 20 years or so.

Thu, 08/09/2012 - 20:03 | 2692617 Big Corked Boots
Big Corked Boots's picture

OT, but who's going to the Obama classic? You get to meet some fly roundball stars, and some guy called Barry Soetoro. Dunno what he's there for, though.

Thu, 08/09/2012 - 20:39 | 2692706 JR
JR's picture

Uh oh. In the race to debase and of who loves Israel and Wall Street the most, looks like Mitt is beating out Obama at Goldman. According to Bloomberg today: Goldman Sachs Group employees have changed to red from blue… showering 70 percent of their contributions on Republicans.

To even the score on Axelrod’s political hardball and scandal bating, Wayne Allen Root asks today: What's 'Barry Soetoro' Hiding? Is it his sealed and secret student records?

Excerpt:

I am President Obama’s classmate at Columbia University, Class of ’83. I am also one of the most accurate Las Vegas oddsmakers and prognosticators. Accurate enough that I was awarded my own star on the Las Vegas Walk of Stars. And I smell something rotten in Denmark. Obama has a big skeleton in his closet. It’s his college records. Call it “gut instinct” but my gut is almost always right. Obama has a secret hidden at Columbia – and it’s a bad one that threatens to bring down his Presidency. Gut instinct is how I’ve made my living for 29 years since graduating Columbia…

I have the answer for Romney. A challenge that shuts up Obama forever…

If you could unseal Obama’s Columbia University records I believe you’d find that:

A) He rarely ever attended class.
B) His grades were not those typical of what we understand it takes to get into Harvard Law School.
C) He attended Columbia as a foreign exchange student.
D) He never paid for either undergraduate college or Harvard Law School because of foreign aid and scholarships given to a poor foreigner like this kid Barry Soetoro from Indonesia

And lastly, why do his classmates at Columbia not remember Obama? Was he a ghost? Did he never show up at class? My educated guess is that he was too busy smoking pot, attending Marxist meetings, and plotting the destruction of the U.S. economy and the overthrow of capitalism. Don’t laugh. It’s working.

If you think I’m “fishing” then prove me wrong. Open up your records Mr. President. What are you afraid of? ...

Oh and one more thing Mitt. Tell Harry Reid you’ll release all of your tax returns when Harry Reid releases all of his. Inquiring minds want to know how Harry Reid entered the U.S. Senate with no assets and became one of the wealthiest United States Senators.

http://lewrockwell.com/rep3/obama-scandal-columbia.html

Thu, 08/09/2012 - 22:06 | 2692872 BKbroiler
BKbroiler's picture

My educated guess is that he was too busy smoking pot, attending Marxist meetings, and plotting the destruction of the U.S. economy and the overthrow of capitalism. Don’t laugh

 

I'll try.

Thu, 08/09/2012 - 19:58 | 2692589 StormShadow
StormShadow's picture

Second verse, same as the first.

This s**t will never end.

Thu, 08/09/2012 - 20:13 | 2692635 Cabreado
Cabreado's picture

Sure it will.

In fact, that's the only thing you can count on.

Thu, 08/09/2012 - 19:58 | 2692591 vast-dom
vast-dom's picture

let's take up a collection to bribe douchebag schumer to..........

Thu, 08/09/2012 - 20:03 | 2692614 JustObserving
JustObserving's picture

There is complete regulatory capture in the US.  Not just the regulators, but also lawmakers have been captured.  The corruption is complete.

It is suicidal to trade in US markets.

Thu, 08/09/2012 - 20:09 | 2692634 Amish Hacker
Amish Hacker's picture

Agreed. If we were talking about any other country but our own, we wouldn't be so squeamish about calling this what it is: influence peddling. What we have seen so far is a tiny fraction of what will eventually come out. The rot goes deep.

Thu, 08/09/2012 - 20:28 | 2692682 Everybodys All ...
Everybodys All American's picture

This is not just regulatory This should rightly include the justice department. You have admissions of guilt. Criminality is involved here and the justice department is awol because a bribe has been transacted.

Thu, 08/09/2012 - 20:04 | 2692620 Dr. Engali
Dr. Engali's picture

Best piece of shit fiat can buy.

Thu, 08/09/2012 - 20:04 | 2692621 disabledvet
disabledvet's picture

Why is Time Warner on that list? I thought they had all the goods on everyone. "Someone else has even more of the goods"? WELLLL....

Thu, 08/09/2012 - 20:05 | 2692624 GS-DickinDaMuppets
GS-DickinDaMuppets's picture

That list shows all the current holders of "GET OUT OF JAIL FREE" cards....  WTF, you expected JUSTICE?? 

 

...doing GOD's work...GS-DickinDaMuppets

Thu, 08/09/2012 - 20:08 | 2692631 ACP
ACP's picture

And they're all using MONOPOLY MONEY, no less.

Thu, 08/09/2012 - 20:08 | 2692627 Antifaschistische
Antifaschistische's picture

for the record...none of us were confused why Goldman would face no charges.

Thu, 08/09/2012 - 20:08 | 2692628 same old story
same old story's picture

schumer cares not what you think. He is rolling in the cash living the high life and having a jolly old time.  In fact, he gets a kick out of you realizing how he does it, as he heads off to his beach front weekend gift, knowing there is Fuck all you can do about it.  is he smart?  He thinks so, and it has worked well for him.  For Schumer we are all his bitch, and life is quite a dream

Thu, 08/09/2012 - 20:17 | 2692657 Everybodys All ...
Everybodys All American's picture

Hope and change ... Loot and bribe.

Thu, 08/09/2012 - 20:10 | 2692642 Joebloinvestor
Joebloinvestor's picture

If they aren't gonna do anything about Countrywide and their "VIP loan program", why prosecute GS for selliing snake oil to the dumb Europeans?

I hope Holder enjoys all that graft.

Thu, 08/09/2012 - 20:10 | 2692643 Dingleberry
Dingleberry's picture

Are most of these banksters and Congressmen investigating of the same tribe?

Thu, 08/09/2012 - 20:11 | 2692644 q99x2
q99x2's picture

Schumer must be getting scared at this point. He is taking risk for too long.

Thu, 08/09/2012 - 20:12 | 2692646 Renewable Life
Renewable Life's picture

I'm with you, what do, hub

I thought a million person march on DC would be nice, with one little extra nuance.... All million would be armed!!!!!!!

The imagery alone of a million armed citizens, marching on Washington DC to protest our loss of Sovereignty, Liberty, and Freedom, would last a generation!!!!

Call it the "Million Armed March" or "A Million Strong", that would get the MSM attention wouldn't???????I'm with you, what do you want to do??

I thought a million person march on DC would be nice, with one little extra nuance.... All million would be armed!!!!!!!

The imagery alone of a million armed citizens, marching on Washington DC to protest our loss of Sovereignty, Liberty, and Freedom, would last a generation!!!!

Call it the "Million Armed March" or "A Million Strong", that would get the MSM attention wouldn't???????

Thu, 08/09/2012 - 20:15 | 2692652 Dingleberry
Dingleberry's picture

Unless you cancel American Idol, Jersey Shore, the Kardashians and the NFL.....you won't be able to muster a million fat, lazy Americans.  They are too distracted by more important things.

Thu, 08/09/2012 - 20:25 | 2692675 same old story
same old story's picture

yeh that's right blame the lack of action on someone else.  how many read zerohedge?  what have they done?  NOTHING.  me included by the way.  But at least I don't try and pretend the lack of action is the fault of someone else.

 

 

Thu, 08/09/2012 - 23:07 | 2692967 Dingleberry
Dingleberry's picture

On the contrary......you have no doubt attempted to educate the unwashed masses that were never exposed to what we ZHers know. What did it get you? Did you ever try and talk someone out of voting for one of the main parties? What did they do? Did you ever try and talk someone out of putting their money into Wall Street and instead into PMs?  What looks did you get?  That's what I thought.........that's why there is no hope and yes......the masses deserve the blame for being intentionally ignorant and blindly supporting one of the main parties.

 

 

Fri, 08/10/2012 - 03:11 | 2693354 James_Cole
James_Cole's picture

The way people talk about these things on here it's like this is the first time the ruling class has conspired with the gov to steal wealth and consolidate / increase power. Um... That IS the history of the USA folks. And shockingly the USA didn't invent cronyism.

Enjoy the fact that we live in what is probably the best time in history to be alive in North America. And the "masses" to a large extent are just fine and don't need "sky is falling" zh'ers 'educating' them.

The world hasn't chaned, only access to information has. Folks get a little eye into what's going on and they think they've discovered the big secret no one has ever seen before.

Thu, 08/09/2012 - 20:32 | 2692690 Renewable Life
Renewable Life's picture

Sorry for the double message, stupid iPhone double pasted it!!!

But I hope people got the point!!! Trying to organize something like that, would give you a real idea of how far gone we really are!!!! You would probably be labeled a domestic terrorist, a threat to enforcement, and god know what else!!!! But I think radical action is coming and could be all there is left to do soon!!

Thu, 08/09/2012 - 20:33 | 2692692 optimator
optimator's picture

They're prepared for that also, just in case.

Thu, 08/09/2012 - 20:38 | 2692704 scatterbrains
scatterbrains's picture

or billboard hangings everywhere..  burns an image in one's mind with staying power.  The Arizona incident I have to say is the best show of defiance I have seen yet since we started bailing these corrupt fuckers out. I hope folks out there some where are planning to go national with that technique!

Thu, 08/09/2012 - 20:40 | 2692709 Renewable Life
Renewable Life's picture

Maybe marching on DC is too ambitious, shit lets just march on the state capitals that we live in, 5000 armed citizens in most state capitals would be so shocking to the MSM and the politicians, who knows what would happen!!!

Make sure everyone is registered to vote and carrying legal weapons, they have a right to own, and see what the reaction is???

For all this tea party shit and occupy this park and that donut shop, I've never heard anyone talking about this action, why not???

Thu, 08/09/2012 - 20:40 | 2692710 lizzy36
lizzy36's picture

Are the 1 million people going to self propel or are they going to be on their medicaid provided scooters?

I ask because not sure you can come up with 1 million yanks not otherwise engaged with NFL football or dancing with the fat people bachelor edition, that are able to walk a block let alone participate in a "million person march" on DC.

Yes I am a complete cynic.

Until people are hungry the revolution or merely the march to a revolution is postponed.

Fri, 08/10/2012 - 00:20 | 2693144 combatsnoopy
combatsnoopy's picture

Marches are for attention whores.  Stiff the US Treasury.  Money talks, bullsh*t walks.  Marches - bullsh*t.  

Thu, 08/09/2012 - 20:13 | 2692647 reader2010
reader2010's picture

Legalized corruption in its finest form, aka Freedom. The whole fucking 3rd world envies "Our Freedom" as Bush told us back in 2001.

Thu, 08/09/2012 - 20:19 | 2692661 PatientZero
PatientZero's picture

Goldman Sachs? More like Jewman Sucks, amirite?

Thu, 08/09/2012 - 20:25 | 2692673 Everybodys All ...
Everybodys All American's picture

Obama's justice department is a complete disgrace. I'm speechless. Were we not led to believe this was part of the hope and change. When will this nightmare end?

Thu, 08/09/2012 - 20:26 | 2692676 same old story
same old story's picture

Never.  if you are expecting them or someone else to end it.  

Thu, 08/09/2012 - 20:27 | 2692680 buzzsaw99
buzzsaw99's picture

hank paulson extorted congreff for $750B on national tv. there is no crime the squid henchmen can't get away with.

Thu, 08/09/2012 - 20:29 | 2692684 same old story
same old story's picture

Got that right and we all allow it.  makes me wonder why I come to this site anymore, as all it shows me is I am just a muppet

Thu, 08/09/2012 - 21:04 | 2692755 buzzsaw99
buzzsaw99's picture

Muppets get corzined.

Fri, 08/10/2012 - 00:28 | 2693156 Tom Servo
Tom Servo's picture

http://www.urbandictionary.com/define.php?term=corzined

 

not the best, but it's out there...

 

Thu, 08/09/2012 - 20:27 | 2692681 Lost Wages
Lost Wages's picture

It doesn't take that much money to bribe a politician.

Thu, 08/09/2012 - 20:29 | 2692685 chump666
chump666's picture

Spring is going to have that burnt smell again.  This time...closer to home.

Thu, 08/09/2012 - 20:30 | 2692686 govttrader
govttrader's picture

Like i said...time to start trading treasury futures...

http://govttrader.blogspot.com/

Thu, 08/09/2012 - 20:41 | 2692712 DUNTHAT
DUNTHAT's picture

The ONLY way we put a stop to this is term limits -- as in ONE term.

Remove all the Re-election money bribes.

 4 years HR

8 years senate

6 years Prez

ONE TERM ONLY

Thu, 08/09/2012 - 20:52 | 2692728 Clint Liquor
Clint Liquor's picture

They should have two terms; one in office and one in prison.

Thu, 08/09/2012 - 20:47 | 2692719 the 300000000th...
the 300000000th percent's picture

Why would you EVER be confused about that??????

Thu, 08/09/2012 - 20:48 | 2692721 deepsouthdoug
deepsouthdoug's picture

Bombastic?  Shit I though Levin was being too soft on the squids...

Thu, 08/09/2012 - 20:56 | 2692738 FieldingMellish
FieldingMellish's picture

shocking...

Thu, 08/09/2012 - 21:05 | 2692759 Never One Roach
Never One Roach's picture

"The law is for the Little people."

Thu, 08/09/2012 - 21:05 | 2692762 HowardBeale
HowardBeale's picture

"No Prosecution" = Hope!

The longer these criminals go unprosecuted for their crimes against the People of the planet Earth, the greater the possibility that there will be a just outcome; that is to say, you can't fuck all the People all  the time without someone finally getting indignant enough to walk into your building with a bomb big enough to level it and erase all the criminals within. I hope Eric Place-Holder and his Rich-white-man's slave Obama NEVER go after the Wall Street mafia, as that is the only approach that will lead to a sufficiently just bloodbath on Wall Street...

Thu, 08/09/2012 - 21:10 | 2692769 scatterbrains
scatterbrains's picture

Everyone wants to up arrow you but their afraid DHS might see them do it.

Thu, 08/09/2012 - 22:06 | 2692871 toomanyfakecons...
toomanyfakeconservatives's picture

So true... but instead of a blood bath, I'm banking on swift and suddent MASS ARRESTS, speedy public trials, the return of the Constitution, the replacement of the FRN with legitimate Treasury Notes, and so on. The Executive branch is so fragile, fraudulent, and illegitimate, that a strong gust of wind could knock it over... and it will be knocked over... with the legislative and judicial to follow... http://tinyurl.com/cd5cyjo/

Fri, 08/10/2012 - 00:30 | 2693164 Tom Servo
Tom Servo's picture

I'm from Missouri, my friend.  You can wish in one hand and crap in another and see which one fills first...

 

Fri, 08/10/2012 - 01:10 | 2693244 Inthemix96
Inthemix96's picture

toomanyfake,

Sorry mate, I have been watching you post the same mass arrest posts for months now, it is not going to happen.  As much as we would like it to, its not, get over yourself.

Thu, 08/09/2012 - 21:14 | 2692775 michaelh
michaelh's picture

People in this country are getting tired of what they see from both their elected officials and corporate people. One day the sheeple might awaken.

Thu, 08/09/2012 - 21:19 | 2692790 monoloco
monoloco's picture

TPTB sure wasted no expense going after the guy accused of stealing Goldman's HFT algos though.

Thu, 08/09/2012 - 21:23 | 2692803 “Rebellion to t...
“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

The people of New York repeatedly elect this piece of filth Schumer to wreak havok on all of us.  A curse on all their houses!

Thu, 08/09/2012 - 23:31 | 2693044 JR
JR's picture

And, now, this, from their thrice-elected mayor who’s locking up infant formula to force mothers to breastfeed and pursuing Big Gulps to force-curb the people's weight…

Mayor Bloomberg Turns NYC Into a Microsoft Surveillance State

Everyone will be watched. The New York Daily News reports:

August 9, 2012 -- The Domain Awareness System designed by the NYPD and Microsoft Corp. uses data from a network of cameras, radiation detectors, license plate readers and crime reports, officials said…

“We’re not your mom and pop police department anymore,” Mayor Bloomberg crowed. “We are in the next century. We are leading the pack.”...

http://www.economicpolicyjournal.com/

Thu, 08/09/2012 - 21:26 | 2692807 ReactionToClose...
ReactionToClosedMinds's picture

Never forget the name Jon Corzine.  Even the worst paranoid's sputtering ramblings about Corzine have been way overtaken by the reality of the guy's actual facts.   Can you just imagine the powderkeg he probably holds over certain important present USA leadership team figures?

Thu, 08/09/2012 - 22:40 | 2692928 Jim in MN
Jim in MN's picture

 

 

Corruption is gutting our middle class, crippling economic growth, and destroying the remaining legitimacy of our Republic. 

Goldman Sachs is at the heart of it.  They are the enemy.  Our simpering political class, merely the nasty film of scum on top.

Move anything you value AWAY from NY/DC as nothing good can happen there.  Remember to boycott all global banks and use only credit unions and local banks.

That is all. 

Thu, 08/09/2012 - 23:18 | 2693004 JR
JR's picture

The Emperor appears to be slipping, because some finding of guilt would have helped Goldman keep Congress as a go between to continue fooling the people. But with this result, who can fail but to dismiss Congress for what it is – it is a complete zero.

IOW, we’re getting down to the end and when you get to the end, the tyrant swaggers around and takes the gloves off beating his chest: “I’ve finally arrived, I don’t need to put on camouflage any longer, I run this show and you might as well see it.”

Goldman underestimates the people. The people don’t need Congress. And if the Congress won’t give the people what they want, they’ll rebel.

Hey, Carl, why bother with this? We don’t need to pretend you can do something. Go ride around in your limo a little longer. It’s too late to convince the people that Congress can do anything.

You and your Congressional brothers are really going to be hit with Goldman. Here’s a bank above the law and you’re not going to do anything about it. Let’s face it. You have a president without a birth certificate; you experience the biggest attack on the mainland in the nation’s history and you cut off the investigation; you go to war without declarations of war… It’s time to quit pretending that you represent the interests of this nation.

The point is, $2 trillion in lobby largess is trickling in from all over into the imperial city and the Congress is there dividing up the money instead of doing what it’s supposed to be doing – watching the lobbyists…and governing.

Goldman made a mistake with this. It wasn’t the investigators and the Congress who decided this outcome. Goldman decided they didn’t want to be found out at this point.

They are ruining their errand boy.

Thu, 08/09/2012 - 23:10 | 2692971 Alternative
Alternative's picture

No need to be lazy Tyler. You can pick up a Republican for a change, in attempt to appear balanced.

 

How abou your future prez Mitt:

 

http://www.opensecrets.org/pres12/index.php

Thu, 08/09/2012 - 23:17 | 2692995 spooz
spooz's picture

So the banksters are betting on Mitt.

Thu, 08/09/2012 - 23:24 | 2693018 Alternative
Alternative's picture

At least Democrats are not pretending to even care about the free markets or about austrian economics. They don't know and don't care. These Republican schills pretending they actually do are the real vermin.

 

Fri, 08/10/2012 - 07:06 | 2693480 WillyGroper
WillyGroper's picture

so the dem shills are pretend vermin?

Thu, 08/09/2012 - 23:38 | 2693063 ak_khanna
ak_khanna's picture

Goldman with never be implicated in any crime because the too big to fail bunch of banksters can get away with murder, fraud, coercian, harrassement of the general public and any other illegal activity under the sun. They have a lot of influence on the political class, the rule makers and the rule enforcers due to their enormous purchasing power, so irrespective of the position in the government, everyone works for their benefit. 

The politicians around the world are nothing more than auction items which can be sold to the highest bidder. They will do whatever they can for the lobbyist paying them the maximum amount of money or votes, be it the unions, the banksters, the richest corporations or individuals. They are in the power seat to extract maximum advantage for themselves in the small time frame they occupy the seat of power.

The rest of the population is least of their concerns. The only activity they do is pacify the majority of the population using false statistics and promises of a better future so that they do not lynch them and their masters while they are robbing the taxpayers.

http://www.marketoracle.co.uk/Article35345.html
www.letstalkmoney2012.in

Fri, 08/10/2012 - 00:05 | 2693112 JR
JR's picture

A powerful article you’ve authored. I concur with your conclusion:

“There is a widespread awareness and resentment brewing over this issue amongst the citizens of the countries engaging in bailouts. The majority of the population sees their own financial conditions deteriorating whereas the bankers and financial institutions thriving with bonuses and getting away with fraud and manipulation. This frustration is bursting into the streets of these countries in the form of strikes and lockouts and the governments will have a very difficult time trying to convince its citizens that somehow this is going to benefit the country as a whole in the long run.”

This is progress. Thanks!

And great reviews on your book…Let’s Talk Money.

Fri, 08/10/2012 - 00:19 | 2693140 combatsnoopy
combatsnoopy's picture

TAX HOLIDAY!  Pay taxes with Goldman Sach's credit card.  If the government isn't working for us, why should we pay their salaries? 

CUT THEM OFF.  We owe NOTHING until they fix this.  Period.  

Fri, 08/10/2012 - 02:23 | 2693324 caustixoid
caustixoid's picture

Why are we talking about Levin's "shitty deal" grilling of Goldman and then showing Schumer's contributors? 

Fri, 08/10/2012 - 03:05 | 2693351 gs_runsthiscountry
gs_runsthiscountry's picture

!

Fri, 08/10/2012 - 05:13 | 2693417 forrestdweller
forrestdweller's picture

 

Everybody knows that the dice are loaded
Everybody rolls with their fingers crossed
Everybody knows that the war is over
Everybody knows the good guys lost
Everybody knows the fight was fixed
The poor stay poor, the rich get rich
That's how it goes
Everybody knows
Everybody knows that the boat is leaking
Everybody knows that the captain lied
Everybody got this broken feeling
Like their father or their dog just died Everybody talking to their pockets
Everybody wants a box of chocolates
And a long stem rose
Everybody knows

Everybody knows that you love me baby
Everybody knows that you really do
Everybody knows that you've been faithful
Ah give or take a night or two
Everybody knows you've been discreet
But there were so many people you just had to meet
Without your clothes
And everybody knows

Everybody knows, everybody knows
That's how it goes
Everybody knows

Everybody knows, everybody knows
That's how it goes
Everybody knows

And everybody knows that it's now or never
Everybody knows that it's me or you
And everybody knows that you live forever
Ah when you've done a line or two
Everybody knows the deal is rotten
Old Black Joe's still pickin' cotton
For your ribbons and bows
And everybody knows

And everybody knows that the Plague is coming
Everybody knows that it's moving fast
Everybody knows that the naked man and woman
Are just a shining artifact of the past
Everybody knows the scene is dead
But there's gonna be a meter on your bed
That will disclose
What everybody knows

And everybody knows that you're in trouble
Everybody knows what you've been through
From the bloody cross on top of Calvary
To the beach of Malibu
Everybody knows it's coming apart
Take one last look at this Sacred Heart
Before it blows
And everybody knows

Everybody knows, everybody knows
That's how it goes
Everybody knows

Oh everybody knows, everybody knows
That's how it goes
Everybody knows

Everybody knows

Fri, 08/10/2012 - 06:47 | 2693461 Trichy
Trichy's picture

It seems as if the information age we are living in, instead of reigning in corruption , has made it the widely accepted foundation of our society.

Fri, 08/10/2012 - 06:49 | 2693464 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Shmuck Schumer. Guy needs to be put out to pasture.

Fri, 08/10/2012 - 08:07 | 2693559 Jim B
Jim B's picture

Reminds me of a mob shake down racket.....  

 

 

Fri, 08/10/2012 - 15:36 | 2695046 MonkeeRench
MonkeeRench's picture

Here's hoping Fabrice Tourre shows up at #S17 with #OWS NYC and reads out a full disclosure and evidence of all the #Banksters fully, knowingly, encouragingly involved in "his" #Abacus scheme. He could then easily pay off his paltry civil SEC fine by raising it from crowdsourcing and then make an honest living working for some grateful, not yet cheated #OWS supporters from the surviving 99%.  How 'bout it, Fabrice, gonna' redeem yourself? Have some guts and blow the whistle of integrity!

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