On the Edge with Max Keiser - 10 July 2009 (pt2 of 3)

[balantz]

Run time: 09:58 https://www.youtube.com/watch?v=iDzjxV8JUzQ   Posted on YouTube: July 10, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: July 11, 2009 By DU Member: balantz Views on DU: 542

 
Max Keiser already posted Part One here:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x335533

[waiting for hope]

1. K&R -

To go with my rec's on Part One and Three. :)

[truedelphi]

2. Like Hudson is saying - it is all in the matter of scale.

And since Goldman Sachs is the creme of the the cream, who can do anything but bow reverently before them, assuming the position of the powerless.

The tentacles of Goldman reach to 1600 Pennsylvania Avenue as it is from there that Geithner and Bernanke received their appointments.

And on July 9th 2009, Goldman Sachs announced that they had record earnings.

And of course, as a taxpayer, that is very good news there. Otherwise, should Goldman make a bit less than they had planned to, we might have to Bail them out all over again!

GS can be assured that some time in the near future, other game plans resembling the following might once again come to pass:
On September 15, 2008, then New York Fed president, Tim Geithner, pressed for AIG’s biggest counterparty, Goldman Sachs, to help the insurer raise capital after it became clear that AIG was at risk of going bankrupt. And on that same day Goldman’s current CEO, Lloyd Blankfein,
was at the New York Fed. And thus Goldman ended up in receipt of about $12 billion in tax dollars thanks to AIG’s wholesale credit-default swap passing money through to GS after the government bailed out the insurance giant.