Goldman Execs Sold $700M Of Stock, Most Of It During Their Bailout

Financial Times:

Executives at Goldman Sachs sold almost $700m worth of stock following the collapse of Lehman Brothers last September, according to filings with the Securities and Exchange Commission.

Most of the sales occurred during the period in which the investment bank enjoyed the support of $10bn from the troubled asset relief programme.

Read the whole story: Financial Times

Comments

[jozzie]

And what about the importance of Obama's car czar "stepping down"?

http://www.nytimes.com/2009/07/14/business/14rattner.html?_r=1&hp

He's one of the "playas" on Wall Street. Cuomo is gunning for him -- which is the real reson he's quiting. Gave LOTS of money to the Dems and wanted to play in Washington, but the law has come a callin'. Is very tight with everyone on Obama's financial crew.

This is who Obama roles with. Don't expect too much "change" anyone can believe in.

[PhilipTaylor]

What ARE WE TO DO?

Is it time to hit the streets?

[jozzie]

Move to some sweet little 2nd World country and forget all this hooey.

[Carolab]

Rattner has an appropriate name

[PhilipTaylor]

LOL! You got that right!

[GypsyRose]

I read that this evening, hmm, interestin­g...

To be quite honest, I'm all czared out anyway, what are we the Romanoffs? I always hated that "czar" term.

[abby4ever]

Is anyone else having trouble loading comments, either their own or someone else's?

Hi Gypsy! I tried to reply to you below but the d@mn thing won't load. You ok? I am happy to see you here!

[Lilith33]

Its terrible..­...

[GypsyRose]

Hey abby, I'm good, how's the UK been treating you these days?

[abby4ever]

Not bad (except for the p0lice state-ish stuff the gov't is doing...bu­t that's a problem for everyone).

It's my professors that are treating me, well, all us students, badly. Driving us like sl@ves with merciless reading and writing assignments, and making us listen to long, long lectures that are bone-dry.

They are evul.

[PhilipTaylor]

I thought it was my service.

[KQuark]

Yup very strange. A couple of my comments went into the either as well.

[MataHari007]

Dean (a.k.a. bbburl, RonPaul, RonP, HUBLOT, etc), you offered me a book recommendation. I would like to return the favor now.

Hodges' Harbrace Handbook
http://www.amazon.com/Hodges-Harbrace-Handbook-InfoTrac/dp/083840345X

You will find it will help you improve your writing skills.

[KQuark]

Ouch!

[GypsyRose]

Anybody have any ideas for our "new" bubble? I think it's going to be the Bumpit -- it's only $19.99 ya know, and they come in two colors (even though you can't see them in your hair). As Seen On TV!
.

[PhilipTaylor]

Thanks for the Reminder CarolAB:

http://market-ticker.denninger.net/index.html

"Let's say I'm a Hedge Fund. I want to make a billion dollars.

I pick on, oh, Goldman Sachs. I know they wrote a bunch of CDS. I, and a bunch of my hedge fund buddies, short the firm's stock into the ground.

Eventually, this will force a ratings downgrade. As soon as it does, Goldman can't make the capital calls on the CDS, and is forced to ask for help.

They get help and the common stockholders are wiped out.

I, Mr. Hedgie, say "thank you very much" and cover my short at a huge profit.

Then I repeat this with the next firm.

I get rich and buy me a new yacht, while the common stockholders in the firms are destroyed.

This will happen to every firm in America as soon as this is figured out by the Hedge Fund community, which, incidentally, will take less time than it took me to write this and record the attached video."

This is exactly what I have been saying for months: Company after Company after Bank after Bank and the pain is absorbed by all Americans and our Grandchildren's Grandchildren!

[RobertHenryEller]

Supoena Henry Paulson's phone logs.

[Lilith33]

Questions Linger About Bushes and BCCI Bank | CommonDrea­ms.orgApr 5, 2007 ... BCCI was the Bank of Credit and Commerce International, ... The U.S. Treasury Department called it "an al Qaeda front that receives funding ...
www.commondreams.org/archive/2007/04/05/326 - Cached - Similar

[Lilith33]

The terror timeline: year by year, day by day, minute by minute : ... - Google Books Resultby Paul Thompson, Center for Cooperative Research - 2004 - Political Science - 590 pages
BCCI was the mother and father of terrorist financing operations. ... to work in banks and charities identified by the US and others as supporting al-Qaeda. ...
books.google.com/books?isbn=0060783389...

[Lilith33]

Bank of Credit and Commerce International - SourceWatchAug 10, 2008 ... According to the CIA, it also did business with those who went on to lead al Qaeda. And BCCI went beyond merely offering financial ...
www.sourcewatch.org/index.php?title=Bank_of_Credit... - Cached - Similar

[Carolab]

And it goes back to England

Let me remind you about BCCI

Remember Iran-Contra? BCCI was the bank supplying financial services.

Remember Dr AQ Khan and his nuclear proliferation throughout the 1980s? BCCI was the joint venture partner in the project.

If you read the Bowers piece below you can see that from 1979 onwards the Bank of England knew that it should bring BCCI into its ambit.

But it never happened. BCCI was NEVER regulated.

Because SOMEBODY was preventing the Bank from doing its job.
From 1979 to 1991.

Remember Valerie Plame/Wilson and Brewster Jennings?
SOMEBODY tried to stop them from doing their job. But they pushed back, and disrupted the effort to plant WMD evidence in Iraq.
They were des_troyed.

As I write this the cognoscenti are actively discussing the possibility that America "Nuke Iran"

Because Iran is pursuing nuclear competences it is perfectly entitled to have.

Remember how Saddam Hussein was set up, through April Glasbie?

There are enough clues hanging around here for the average citizen-sleuth to work out what is going on. And more important, who is behind it all.

When BCCI finally got to court it was thrown out FOR NO REASON.

That is the way the protection racket works.

http://rigorousintuition.ca/board/viewtopic.php?t=1221&highlight=bcci+pollock

[Carolab]

And it all goes back to England

http://rigorousintuition.ca/board/viewtopic.php?t=1221&highlight=bcci+pollock

[KQuark]

HUBOLT = Ru(Rand)Paul = burl you are not fooling anyone.

[MataHari007]

The "writing style" (for lack of a better term) gives him away.

[abby4ever]

Rats. you are right: the style gives him away..but for some reason I didn't catch it, today. Yesterday I did. (Ironically, yesterday I did a post on how his style gives him away!!!)

That means I've been conversing with Mickie Meltdown, without knowing it.

Not any longer, though, I'm out.

Thanks, KQ and Mata.

[PhilipTaylor]

Wall Street EL1TE admitted it on CNBC!

Wilbur Ross in a RARE MOMENT of FULL HONESTY on CNBC last Monday, and one of the super-rich Timmy picked for his PPIP program, said,

"This is the largest TRANSFER of DEBT from the PRIVATE Banks to the Government in History and it will take MANY YEARS."

So are they going to gradually weigh down Americans with 50 years of GDP Growth ($700 Trillion) that will take 200 years to work OFF?

[jozzie]

They expect we'll invent our way out of it sooner than that.

[PhilipTaylor]

We need a Prez, an AG, and an SEC to invent a pair of B@LL$ for anything to happen!

[MarcusT]

15% inflation cuts in half in 5 years.

[fryguy541]

Infuriating! We should have the right to raze these corporate crony pirates to the cold stony ground for there exploitation. How many American, world citizens and nations must be ruined in the name of profit before these sociopaths are given there just deserts. Faith based economics is a horrendous failure. The private sector cannot be trusted to do the right thing when profits are the only motivator. These offenders should be marginalized and forced in to the least gratifying jobs for the advancement and general well being of the human species and all species. There is a reason why the Roman empire fell, money and concentrated power taking presidence over the well being of the public. Get a clue, this approach is not economically sustainable. I know it, you know it, the government knows it but they are so deep in in the enemies pocket it is in denial. They say it's the American way but it's in stark opposition to the American Dream. Let's face it, this is what caused the French Revolution. Maybe it's time we had one of our own

[FollowtheDough]

Truth be told: We probably put too much of a focus on money. Your last moments on earth wont be "Damnit if i just shorted on that position a little longer that would've been sweet"

[jozzie]

We need to let go of it, don't we? But will we? As a nation and culture -- will we? Have we been anything else other than pretty materialistic and competitive about it?

I think this meltdown would be a great time for us to really reassess things, but we won't. The majority of Americans are waiting for the same old engine that burnt up last year to get restarted. They want more McMansions and Bridezillas.

[Ghostzapper]

fanned. they are waiting for the engine, however it is not here.

[cozen]

Consumer Protection Agency in danger? http://www.nytimes.com/2009/07/14/opinion/14herbert.html

[Lilith33]

Remember BCCI? Ties Between the Bush Family and Osama bin LadenHow the Bush family's private connection to a dirty offshore bank is the only link between Osama bin Laden and Saddam Hussein. ... www.thirdworldtraveler.com/Bush.../Bushes_bin_Laden.html - Cached -

[Carolab]

And the Pakistanis and CIA

[Lilith33]

Yessireee.­...

[Chazmania]

you have all become sheeple

[PhilipTaylor]

Yes we are the HE_RD or CR_OP the Banks, Bank Run FED, Congress,and out entire Government Harvests when they need a FEW HUNDRED TRILLION DOLLARS!

[PhilipTaylor]

Wall Street admitted on CNBC!

Wilbur Ross in a RARE MOMENT of FULL HONESTY on CNBC last Monday, and one of the super-rich Timmy picked for his PPIP program, said,

"This is the largest TRANSFER of DEBT from the PRIVATE Banks to the Government in History and it will take MANY YEARS."

So are they going to gradually weigh down Americans with 50 years of GDP Growth ($700 Trillion) that will take 200 years to work OFF?

[HUBLOT]

+ MataHari007 I'm a Fan of MataHari007 I'm a fan of this user permalink
Yet, you trust Alex Jones?

==========­==========­==========­=======

do i trust alex jones ?? hmmmm ? why did he get caught lyi ng ?

is he owned by big pharma or the MIC or goldman sachs ??

are you kidding ......?? i believe what i can prove wherever the info comes from ....and cnn fox and msnbc are the last place i would find it

[MataHari007]

Again, I do not watch any of those news networks. You are getting angry at me for not seeing things the way you want me to see them? You are a waste of my time. I am through with you.

[MataHari007]

By the way, there is a word: sentence. You would do well to learn more about it since it will help your writing.