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View Full Version : Both Brown and Whitman have Goldman-Sachs ties


advocatusdiaboli
04-26-2010, 7:39 PM
Once again it seems, we'll get too bad choices and have to nuance on a few issues.

Goldman-Sachs Hits the Golden State (http://www.huffingtonpost.com/2010/04/26/goldman-sachs-hits-the-go_n_552744.html)

For those of you who haven't read the SEC complaint and still think GS are law-abding bankers just being hated for being winners try this:

Goldman Sachs Emails: Firm Traded Against Clients, Profited Off Their Losses, And Spread 'Poison Throughout System' (http://www.huffingtonpost.com/2010/04/26/goldman-sachs-emails-firm_n_552464.html)

CenterX
04-26-2010, 7:54 PM
After reading the article in the notorious Huffington Post - all I see is innuendo and inflated gossip. Might as well bring them up on co-conspiracy charges as well.

Blah-blah-blah.

dustoff31
04-26-2010, 8:02 PM
Why do they bother running for office? Being connected to G-S appears to warrant an automatic cabinet or equivalent level appointment.

advocatusdiaboli
04-26-2010, 8:15 PM
After reading the article in the notorious Huffington Post - all I see is innuendo and inflated gossip.

You sound like Neville Chamberlin on Hitler. Benefit of a doubt until it's all laid out in triplicate and hashed over for years. I guess you'll vote for Meg and achieve "peace in our time". Good luck with that. We know how it turned out for Neville and Europe.

big red
04-26-2010, 8:26 PM
if a candidate looks bad through their conduct, smells bad because of their decisions in terms of the public good, has questionable ties to shady businesses or business people then do not vote for them. If getting or making a fortune by manipulating the law or twisting the rules is your rule of thumb for success and you don't care if your left picking up the tab meaning the public then vote for them. Between Meg and Jerry I feel like moving to oregon, nevada, or arizona might be the wise move. I wonder how Meg and Jerry would feel waking up one morning and finding out all they had was welfare people left and they were the only ones paying taxes to support these people?

Mstrty
04-26-2010, 8:26 PM
The fact that they are allegedly tied to any company accused of corruption is a California political strategy. This should bump them both up in the polls here in California.:rolleyes:

POLICESTATE
04-26-2010, 8:30 PM
Lots of people are going to have goldman-sachs ties, the question really becomes who is shady and who is not.

dustoff31
04-26-2010, 8:45 PM
Lots of people are going to have goldman-sachs ties, the question really becomes who is shady and who is not.

Yep. Left this off my post above. And it's not a rep vs dem issue.


http://the-classic-liberal.com/white-goldman-sachs-house/

Nope. Nothing to see here ...
It's just a mere coincidence that the following list of Goldman Sachs employees went on to work in the White House and U.S. Treasury. These people are simply the "best and brightest" (who had no idea of a pending financial crash, yet novices were sounding the alarms).
No crime here ... Just our humble "public servants."

Dianna Farrell:
Obama Administration: Deputy Director, National Economic Council
Former Goldman Sachs Title: Financial Analyst

Stephen Friedman:
Obama Administration: Chairman, President’s Foreign Intelligence Advisory Board
Former Goldman Sachs Title: Board Member (Chairman, 1990-94; Director, 2005-)

Gary Gensler:
Obama Administration: Commissioner, Commodity Futures Trading Commission
Former Goldman Sachs Title: Partner and Co-head of Finance

Robert Hormats:
Obama Administration: Undersecretary for Economic, Energy and Agricultural Affairs, State Department
Former Goldman Sachs Title: Vice Chairman, Goldman Sachs Group

Philip Murphy:
Obama Administration: Ambassador to Germany
Former Goldman Sachs Title: Head of Goldman Sachs, Frankfurt

Mark Patterson:
Obama Administration: Chief of Staff to Treasury Secretary, Timothy Geitner
Former Goldman Sachs Title: Lobbyist 2005-2008; Vice President for Government Relations

John Thain:
Obama Administration: Advisor to Treasury Secretary, Timothy Geitner
Former Goldman Sachs Title: President and Chief Operating Officer (1999-2003)

Henry Paulson:
Bush II Administration: Secretary, Treasury 2006 - 2009
Former Goldman Sachs Title: Chairman and CEO (1998-2006)

Neel Kashkari:
Bush II Administration: Assistant Secretary for Financial Stability, Treasury (2008 – 2009)
Former Goldman Sachs Title: Vice President, San Francisco; led Information Technology Security Investment Banking Practice

Reuben Jeffery III:
Bush II Administration: Undersecretary for Economic, Energy and Agricultural Affairs, State Department (2007 –2009)
Former Goldman Sachs Title: Managing Partner Paris until 2002 Security Investment Banking Practice

Robert Steel:
Bush II Administration: Under Secretary for Domestic Finance, Treasury, (2006 – 2008)
Former Goldman Sachs Title: Vice Chairman – 2004

Steve Shafran:
Bush II Administration: Advisor on setting up TARP to Treasury Secretary,
Henry Paulson 2008
Former Goldman Sachs Title: Private equity business in Asia until 2000

Edward C. Forst:
Bush II Administration: Advisor on setting up TARP to Treasury Secretary, Henry Paulson 2008

Former Goldman Sachs Title: Co-head of Goldman’s investment management business

Dan Jester:
Bush II Administration: Advisor on setting up TARP to Treasury Secretary, Henry Paulson 2008
Former Goldman Sachs Title: Deputy CFO

Kendrick R. Wilson III:
Bush II Administration: Advisor on setting up TARP to Treasury Secretary, Henry Paulson 2008
Former Goldman Sachs Title: Chairman of Goldman’s financial institutions groups

Joshua Bolten:
Bush II Administration: White House Chief of Staff (2006 – 2009)
Former Goldman Sachs Title: Executive Director, Legal & Government Affairs (1994-99)

Gary Gensler:
Bush II Administration: Undersecretary, Treasury (1999-2001) and Assistant Secretary, Treasury (1997-1999)
Former Goldman Sachs Title: Partner and Co-head of Finance

Robert Rubin:
Bush II Administration: Secretary, Treasury 1995-1999
Former Goldman Sachs Title: Vice Chairman (1987-90)

Robert Zoellick:
Bush II Administration: United States Trade Representative (2001-2005), Deputy Secretary of State (2005-2006), World Bank President (2007 -)
Former Goldman Sachs Title: Vice Chairman, International (2006-07)

William C Dudley:
NY Federal Reserve: Current President/CEO
Former Goldman Sachs Title: Partner and managing director – 2007

Stephen Friedman:
NY Federal Reserve: Former Chairman of the Board – 2009
Former Goldman Sachs Title: Board Member (Chairman, 1990-94; Director, 2005-)

mattmcg
04-26-2010, 8:45 PM
Frankly I think you all need to see through the media campaign regarding Goldman and take it for what it is, a sham by the Obama administration to try to bully the "darling" of Wall Street to jam financial reform down our throats (yet another measure we don't want).

The timing is impeccable and with the SEC under fire, they and the Obama administration are simply trying to tie justifications together to give us a massive, overfunded, new, government entity that will allow a perpectual bailout for any bank that gets into trouble in the future.

Please see through the fog of this political agenda. Who gives a crap is Meg, Brown, or friggin' Barney Fife know somebody at Goldman Sachs......... Doesn't mean ****.

advocatusdiaboli
04-26-2010, 8:57 PM
Please see through the fog of this political agenda. Who gives a crap is Meg, Brown, or friggin' Barney Fife know somebody at Goldman Sachs

It's not that they knew them--its that they profited from that relationship--subtle but important difference. And the money is big--Meg is worth a billion and a half and Moonbeam ain't hurting either.

Maybe, but it doesn't mean they are innocent either. Sometimes the guilty are brought to light to fulfill someone's political agenda when they would otherwise have remained in their holes and under their rocks above and beyond the law--the protection they paid for. But the bringing their deeds to light for that purpose doesn't make them ANY LESS GUILTY. And, truth be told, Obama took a ton of GS funding and he is not attacking but rather defending them as actors in a free market. The Dems and the Repubs all need that fat Wall Street cash to fund their campaigns--they are all complicit and all dirty. Cash is king in a country where congress, elections, and media coverage are all for sale to the highest bidder.

mattmcg
04-26-2010, 11:56 PM
So when in America did it become a crime to make a profit?

Last I checked, America was a capitalist country (for the time being unless the socialists are not purged from our electorate ASAP).

While it's easy and convenient to blame Wall Street as a scapegoat for our economic situation, the real problem lies with the spoiled, gotta-have-it-now culture that this country has come to expect. Every person that signed on the dotted line of a liar loan is more at fault than anybody in Wall Street that was trying to satiate demand for money by the spoiled masses. Now the masses are blaming government for not giving it to them directly without earning it. Work hard, save up, and spend is an important but dying breed in our society.

Seems that this "get somethin for nothin" is the real culprit...... But politicians won't tell you that to your face. Unfortunately they need to get re-elected...........

Read through the lines. The truth is there for the finding.

mattmcg
04-27-2010, 12:00 AM
Circling back to the original post, I actually agree with the OP. We are choosing from the lesser of two evils with these candidates. Just don't get caught up in the current witchhunt because the media tells you too. Also, politics is nothing but money and interests....... Anybody that tells you differently hasn't been inside the beltway.

Best to keep government small and insignificant. That is the only way to contain the sickness.

bwiese
04-27-2010, 12:28 AM
I dunno what Meg Whitman can do but I worry what she can do to gunrights.

I know what Jerry Brown's sentiments are, further reinforced since I've just confirmed BoF Dept AG Alison Merrilees is transitioning out to a position outside AG office (in ordinary circumstances she'd stay til end of AG term).

I think we're ending up with a DOJ that runs DROSes and keeps felons from buying guns.

383green
04-27-2010, 8:31 AM
I've just confirmed BoF Dept AG Alison Merrilees is transitioning out to a position outside AG office

She probably made the wise decision to get out of a firearms-related role and take a long vacation before McDonald hit. The only downside will be a significant dip in facial tissue sales. Time to sell any Kleenex futures before their stocks tank! :p

RRangel
04-27-2010, 10:52 AM
I'll tell you what's too bad. It's too bad that this post shouldn't be in this forum.

Billy Jack
04-27-2010, 11:10 AM
Meg Whitman is intellectually challenged. View her glowing endorsement of the Community Organizer in Chief's former Green Jobs Czar.

http://www.youtube.com/watch?v=iSn37TMXZO8

Billy Jack
'The force is stroing with thie one'


www.californiaconcealedcarry.com

Eckolaker
04-27-2010, 11:20 AM
Frankly I think you all need to see through the media campaign regarding Goldman and take it for what it is, a sham by the Obama administration to try to bully the "darling" of Wall Street to jam financial reform down our throats (yet another measure we don't want).

The timing is impeccable and with the SEC under fire, they and the Obama administration are simply trying to tie justifications together to give us a massive, overfunded, new, government entity that will allow a perpectual bailout for any bank that gets into trouble in the future.

Please see through the fog of this political agenda. Who gives a crap is Meg, Brown, or friggin' Barney Fife know somebody at Goldman Sachs......... Doesn't mean ****.

I have never seen someone be so right, but so wrong all in the same post before.

You are absolutely correct about all of this coming to light and seeing how the media, wall street, Banking, and the Govt. are all blaming the SEC to push this new regulatory agency Barney Frank has put together.

Regulation accomplishes one task in our economy...making it clear who needs to be paid off.

However, the fact that people have ties with Goldman Sachs speaks volumes. Perception unfortunately for most people is reality. I don't care you are, if you associate with thieves, all your friends are thieves, and you were raised by thieves, you are a **** ing thief...period.

Eckolaker
04-27-2010, 11:39 AM
Now for the rest of you folks here who can't seem to pull your heads out and stop listening to the media...I give you a small dose of reality in to the world that is Goldman Sachs.

The secret history of TARP: How Goldman bailed out Goldman… (http://freedomforthepeople.wordpress.com/2009/08/27/the-secret-history-of-tarp-how-goldman-bailed-out-goldman%E2%80%A6/)

Goldman to be paid $1bn if CIT fails; US Taxpayer will owe $2.3 Billion (http://freedomforthepeople.wordpress.com/2009/10/05/goldman-to-be-paid-1bn-if-cit-fails-us-taxpayer-will-owe-2-3-billion/)

Largest Banks Reported Funding Production Of Internationally Banned Weapons (http://freedomforthepeople.wordpress.com/2009/11/02/largest-banks-reported-funding-production-of-internationally-banned-weapons/)

How Goldman Sachs Scammed The United States, And Made Billions (http://freedomforthepeople.wordpress.com/2009/11/04/how-goldman-sachs-scammed-the-united-states-and-made-billions/)

Goldman Sachs boss says banks do “God’s work” (http://freedomforthepeople.wordpress.com/2009/11/08/goldman-sachs-boss-says-banks-do-gods-work/)

Banks with political ties got bailouts, study shows (http://freedomforthepeople.wordpress.com/2009/12/21/banks-with-political-ties-got-bailouts-study-shows/)

Remember The AIG Bailout? It Should Be Called The Goldman Sachs Bailout (http://freedomforthepeople.wordpress.com/2010/01/11/remember-the-aig-bailout-it-should-be-called-the-goldman-sachs-bailout/)

Geithner and the Financial Fail-Out (http://freedomforthepeople.wordpress.com/2010/01/11/geithner-and-the-financial-fail-out/)

Goldman Sachs profits by trading ahead of and against its own clients (http://freedomforthepeople.wordpress.com/2010/01/13/goldman-sachs-profits-by-trading-ahead-of-and-against-its-own-clients/)

Aegis
04-27-2010, 12:56 PM
People need to keep an eye on the big picture. This whole Goldman-Sachs thing is a big diversion. I am not defending GS, but the Obama administration and the majority party in congress is playing this up to distract people from other issues.

Let's not forget that the U6 unemployment rate is still hovering at around 23% and we are going to get taxed heavily as a result the health care law. This administration is also pushing a cap and trade bill which will raise taxes on everyone and an amnesty bill that will make the 20+ million illegal aliens in this country American citizens. You think Social Security and Medicare are in bad shape now, wait until it has 20+ million more members.

luvtolean
04-27-2010, 6:22 PM
Ties with Goldman? :TFH:

Sheeze, you guys sleep at night or just try to worry about arcane crap?

You personally are probably 2-3 relationships away from Goldman in your own affairs...tops.

Stick to guns in the Second forum...

RRangel
04-27-2010, 6:55 PM
Some of the "ties" are obvious in relation to the current administration. It's not like they're hidden. That said, this post has definitely brought some of the kooks out.

artherd
04-27-2010, 7:05 PM
Sheesh - I have ties to Goldman! GS is enormous. Get over it.

Bad Voodoo
04-27-2010, 7:08 PM
Capitalism = bad. :rolleyes:

Sinixstar
04-27-2010, 7:21 PM
Let me be perfectly clear - I would absolutely love to see some of these institutions broken up. I'm sure they're up to no good in a number of dealings. I am by no means sticking up for them.

That said - there just isn't a huge number of people with the experience and knowledge of operating on the scale of Goldman Sachs, or the federal government. It's not shocking that so many public officials came from GS. The vast majority of these people probably all come from the same small handful of companies. The pool of potential candidates to choose from simply is not that deep when you get to that level.

Could some of these people use their positions in shady ways. Sure they could. Just as the revolving door between the pentagon and private defense contractors raises some eyebrows. Again - there just isn't that deep a pool of qualified talent to pull from.

It's just how it is. You go after the best person for the job, try to make sure the oversight is in place to avoid corruption, and hope for the best. What else are you supposed to do?

advocatusdiaboli
04-27-2010, 8:13 PM
So when in America did it become a crime to make a profit?

Never was or is. But fraud is and the SEC has the goods on them. Even Jim Cramer, a former hedge fund manager himself, said they are stone cold guilty.

advocatusdiaboli
04-27-2010, 8:22 PM
Stick to guns in the Second forum...

Yep. Lesson learned, mischief managed. If I get the itch to post fringe stuff like this, I'll breathe into a paper bag while watching Rambo 2008 or Shoot-em Up:D

Sinixstar
04-27-2010, 8:31 PM
So when in America did it become a crime to make a profit?

My problem isn't that I think it's a crime to make a profit.
I do however start to have a problem when a company gets to be to the size that they can literally say 'we must make a profit - or we're going to take you all down the tube with us'.

It reminds me of the movie Casino - ever see it? There's a great line that sums it up:
Nicky's methods of betting weren't scientific, but they worked. When he won, he collected. When he lost, he told the bookies to go **** themselves. I mean, what were they going to do, muscle Nicky? Nicky was the muscle.

RRangel
04-27-2010, 8:52 PM
Never was or is. But fraud is and the SEC has the goods on them. Even Jim Cramer, a former hedge fund manager himself, said they are stone cold guilty.

You missed the big story. That our current presidential administration is complicit in a sham targeting Goldman Sachs to push for their next "reform."

No one listens to Jim Cramer.