RS Taibbi Refutes Forbes Brown nose of Goldman Sachs w/cases like eToys

[laserhaas]

Whether or not you have been following my battle with Goldman Sachs, Bain Capital and Mitt Romney, you are going to absolutely adore this tidbit. Just a few days ago, the Federal Bankruptcy Court announced it was permitting a settlement of eToys v Goldman Sachs for $7 million to go through. At the same time the justice refused to place the case settlement under SEAL from public view.

You can read thread (here) - Bloomberg Businessweek (here) and New York Times Joe Nocera's OpEd on eToys case titled "Rigging the I.P.O. Game" (here). There's also the story by Reuters Tom Hals that details issues about the case but gets his title wrong "Goldman Sachs finally ends litigation over 1999 eToys IPO".

EAANNNTTT! - Reuters gets it wrong; because the eToys v Goldman Sachs has only just begun!
[br][hr][br]

- - - Goldman Sachs and Bain Capital Conspired to Destroy eToys via Perjury, Fraud & Grand Larceny.
.
Yours truly is the fiduciary to liquidate eToys for the best money possible. Believe it or not, the Delaware Bankruptcy Court approved 'moi'! Be that as it may, the attorney for eToys (MNAT) lied about its connections to Goldman Sachs & Bain Capital to become eToys attorney. - AND THAT:S A CRIME!.

- - Also, Paul Traub lied to become the Court approved attorney for the eToys Creditors Committee. Then MNAT and Traub put in a brand new President/CEO in eToys (Barry Gold) and illegally tossed out yours truly. Upon the success of their schemes & artifices to defraud, MNAT destroyed eToys evidences to protect Goldman Sachs and Paul Traub, with his "partner" Barry Gold then reduced the prices of eToys bankruptcy estate assets to Bain Capital (while Romney was CEO).

THAT's Federal Bankruptcy Fraud, Conspiracy to Defraud, Perjury, Bribery, Grand Larceny etc. etc.,

But there were NO investigations and/or prosecutions; because an MNAT law firm partner because the U.S. Attorney. For seven (7) years, Colm Connolly refused to investigate his former partner/clients. Of course Connolly FAILED to disclose the conflict of interest issue that he was directly linked to "Targets" of a federal investigation.
http://www.justice.gov/archive/olp/colmconnollyresume.htm


---------------------- That's FEDERAL CORRUPTION!
[br][hr][br]

Matt Taibbi of Rolling Stone Speaks out about eToys.

Rolling Stone Matt Taibbi's story "Greed and Debt" talked about part of our story. In the September 2012 Rolling Stone cover story "The True Story About Mitt Romney and Bain Capital" Matt Taibbi discussed how Romney did bad faith things with a corrupt federal justice in Stage Stores and then how Michael Glazer (CEO of Kay Bee) paid himself $18 million and Bain Capital $83 million - before Glazer filed Bankruptcy of Kay Bee.

- - Normally, you would see the feds seizing assets, arresting dozens of people and grabbing that $100 million being looted from a national retail chain before bankruptcy was filed. However, normally you would not have organized criminals pulling these stunts while possessing their very own corrupt United States Attorney.

Corruption is as corruption does for POTUS wannabe Mitt (the Pitt's) Romney.

For some un-revealed reason, Rolling Stone would not let Matt Taibbi speak about eToys in the Greed and Debt story. Then, right when the judge handles the settlement of eToys with Goldman Sachs, a Forbes guy (Harry Binswanger), in a manner Taibbi calls "Ayn Rand devotee" comes out with babbling bull [c]hit story titled;

"Give Back? Yes, Its Time for the 99% to Give Back to the 1%"

- - As reported by Taibbi, Binswanger actually compares Goldman Sachs to Mother Teresa and claims that Goldman Sachs has done infinitely more for mankind. If the stalwart had said GS has done infinitely more for White Collar organized crime, then he could be applauded. Outside of that, Binswanger is simply NUTS. He wants anyone over $1 million to live Tax Free.

- - Rolling Stone Matt Taibbi responded with the following remarks - quoting our eToys case;

Binswanger clearly knows nothing at all about Goldman other than that it's nominally a bank, and his answer is just a parade of Randian clichés here about how successful banks make money. Asked the same question twenty years ago about a different bank, his answer would have been exactly the same. This would be like someone asking me about A-Rod's steroid use and me answering with a bunch of Bernard Malamud quotes about the sacred art of hitting.

Just for yuks, let's fill Binswanger in on some of the ways Goldman has made its money over the years. This is just the stuff they've been caught for, by the way.

• Way back in 1999, several eras of corruption ago, Goldman serially engaged in manipulation of the IPO markets, including illegal tactics like "spinning" and "laddering," where insiders and top bank clients would be allowed to buy shares in new companies at severely discounted prices, sometimes in return for investment banking business or for promises that those insiders would jump back into the bidding later to jack up the price artificially. In a famous case involving eToys, Goldman paid a $7.5 million settlement for allowing insiders to buy shares at $20, far below the $75 shares the company traded on opening day. The secret discounts might have cost the company hundreds of millions of dollars. The firm went bankrupt in short order, by the way.

[br][hr][br]

[center][div style="display:inline; background-color:#F4FA58;"] "I thank Matt Taibbi - GREATLY " [/center]

-- for figuring out a way to get in words about eToys. The powers that be want to bury the Goldman Sachs, Bain Capital - Mitt Romney massive frauds getting off (thus far) - 'Scot Free' due to the Federal Corruption. Sheldon Adelson paid out a reported $100 million to get a "friendly" United States Attorney General once Romney got elected;

-------------------------------------But Romney Didn't Make It!

[br][hr][br]

[annabanana]

1. BIG k&r for just desserts!

There should be so many servings of this.

[laserhaas]

2. Trust me 'annabanana' (what an absolutely adorable name) - there's going to be MUCH

more fodder on the case.

Tomorrow, I'll provide a thread educating everyone on bankruptcy crimes and perjury;
so that when the trolls come around and say no Laws were broken

you'll have concrete proof they're full of bull!

[OnyxCollie]

3. K&R. nt

[laserhaas]

4. Thanks

[JaneyVee]

5. Great post! Thanks! Binswanger is another clueless anarcho-capitalist.

[laserhaas]

6. You got that right!

He needs a butt spanking

[laserhaas]

7. Silly me - I neglected to put in the New RS Taibbi link

I'll update the Thread with the link above the excerpt of Taibbi

and here it is -

Sorry for the oops


http://www.rollingstone.com/politics/blogs/taibblog/forbes-calls-goldman-ceo-holier-than-mother-teresa-20130920

[calimary]

8. One of many reasons why I'm still thanking God that wrongney DIDN'T make it!

MAN did we dodge a bullet.

[laserhaas]

10. You have NO idea how true a statement you make

People are dead in this case too

I'm just an amoeba - blessed with the inflexible sword of truth and almost as good a tool against Pitten's

His Hubris!

[G_j]

9. K&R

thanks

[laserhaas]

11. TY for taking the time -

Much more to come...

[annabanana]

12. Monday morning kick

for the cube rats . . .

Lots of interesting, important stuff in this OP!

[G_j]

13. Agreed!

[laserhaas]

15. Thanks

BP is a sick case too.

Are you familiar with all who got "sick" and died from the clean ups there and of Enron?

[laserhaas]

14. Thank you much. That organized crime is thriving in our fed system of justice

is intolerable.

Appreciate you taking notice and trying to assist in garnishing attention to the matter.

[laserhaas]

16. Hey EVERYONE - I'm greatly excited. A (actually THE) major News service is talking about doing the

WHOLE STORY!

Wouldn't that be fantastic?

It doesn't matter how much evidence a victim has, until the Police, Judge or News outlet says it is a major fraud; everyone won't believe the victim.

They are starting to Believe!

[laserhaas]

17. FireDogLake note's on never ending eToys saga

And Mitt's running's (again) will take the case to even higher levels of discussion

which is exactly where it needs to be!


http://news.firedoglake.com/2015/01/01/the-unending-etoys-com-bankruptcy/

[laserhaas]

18. Things are starting to come full circle

Please stay tuned!