Goldman Sach's Secret Bet on Housing

[lib2DaBone]

Run time: 03:18 https://www.youtube.com/watch?v=JaKQvHjoncQ   Posted on YouTube: November 02, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: December 24, 2009 By DU Member: lib2DaBone Views on DU: 393

 

[Skink]

1. Suddenly a wheel falls off the bus.

they just did what they had to.

[dixiegrrrrl]

2. Cold day in hell when GS gets prosecuted.

Goldman runs the government, bribes the congress, buys off any regulatory agencies.
By the time we get substantial change and honest government ( if that ever happens)
the rip off will be history.

[peacetalksforall]

4. GSachs - middlemen between the barons and the facilitator-enablers - owners of NYT,

WSJ, WP, LAT all seven tv main networks +, Congress, CEO's, Foundation and Institution heads, Military, Private intelligence firms, lobbyists. And all other participants who distribute the message about who to support and how to monger for war and their own descent - especially the reverends-rabbis and the stockholders - the ones who the big firms say they are doing it for. Everything flows through GS it appears - ALL? branches of government?

[BeyondGeography]

3. NYT business section today...This needs to go somewhere

“The simultaneous selling of securities to customers and shorting them because they believed they were going to default is the most cynical use of credit information that I have ever seen,” said Sylvain R. Raynes, an expert in structured finance at R & R Consulting in New York. “When you buy protection against an event that you have a hand in causing, you are buying fire insurance on someone else’s house and then committing arson.”

http://www.nytimes.com/2009/12/24/business/24trading.html?_r=1&hp=&adxnnl=1&adxnnlx=1261674194-XJ01ZPbO6NTJQdo7SCvP1Q