As the media continues to parrot American intelligence agencies’ as-of-yet unsubstantiated claims that Russia hacked the U.S. election, there is far more evidence to implicate an equally dangerous infiltrator: Goldman Sachs.
The infamous banking company, which was widely implicated in the 2008 economic crash, appears to have come out on top in the most recent U.S. presidential election. Continue reading »
As reported last week, Trump had offered Goldman Sachs president and COO the job of his top economic advisor, as Director of the National Economic Council Director. Moments ago CNBC reported that, as expected, Cohn has accepted the role.
Goldman Sachs executive Gary Cohn is expected to accept the directorship of the National Economic Council “at any moment,” a source told CNBC on Monday. Continue reading »
More info down below.
It appears that vampire squids are quite adaptable to living inside the swamp that Trump promised to be draining.
Following the appointment of former Goldman partner Mnuchin as Treasury Secretary, NBC News reports that Goldman Sachs President and COO Gary Cohn has been selected as National Economic Council Director.
Donald Trump has offered Goldman Sachs executive Gary Cohn a key economic post, which would add to the administration another veteran of the powerful firm he bashed during his campaign, sources close to Cohn told NBC News.
As NBC adds, Cohn, Goldman’s president and chief operating officer, has been offered the directorship of the National Economic Council and assistant to the president for economic policy, the sources said. It is unclear if Cohn will accept the post, but he reportedly had discussions late last month about leaving Goldman. Continue reading »
(Screenshot – Click on image to enlarge.)
Here is the censored article:
In my commentary to the above article I wrote:
– Greek Central Bank Accused of Encouraging Naked Short Selling of Greek Bonds (Financial Times)
And remember that the biggest Greek CDS speculator has been the state-controlled Hellenic Post Bank with help from (Yes, you’ve guessed it!) Goldman Sachs:
– State-controlled Hellenic Post Bank (TT) bet against Greece (Kathimerini)
– Fragwürdige Finanzgeschäfte Griechen wetten auf eigene Pleite (Sueddeutsche Zeitung)
The state-controlled Hellenic Post Bank was betting on Greece going bankrupt!
What will happen if Greece defaults:
So who could possibly ‘dislike’ such an article?
On a side note:
Infinite Unknown had a global Alexa Rank of just above 100,000 (for a while) and even below that (quite a while ago).
A webmaster told me (when it became apparent that the numbers were dropping fast) that Alexa had changed its rating methods, which in his opinion clearly disfavors websites like I.U.
You can look up I.U.’s global ranking here:
The only way we can make up for all this censorship coming our way is if readers would start hitting that social media buttons like crazy.
Maybe that would also bring more attention to the website, which could possibly result in more financial support for my work, which is much, much needed.
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– EXCLUSIVE: The Hidden Billionaires behind Trump (June 27, 2016):
Trump desperately needs to get his tiny hands on some cash to fund his presidential campaign. On TV, Trump may play the role of a gazillionaire, but the reality of his reality TV persona is that it’s all paid for with other people’s money. His self-funding pledge is going the way of all Trump’s promises — down the gilded crapper. This week on The Best Democracy Money Can Buy: Election Crimes Bulletin, we focus on where and how Trump is going to get his campaign funds — and the deal he’s made with Wall Street’s devils in order to get it.
TRANSCRIPT (Originally broadcast on June 22, 2016)
Dennis J. Bernstein: All the news is about how Hillary has raised zillions and Donald has a mere one or two million dollars… I thought Donald Trump was a billionaire — he could pay for anything!
Greg Palast: Yeah, that’s the TV show, isn’t it? As he says, he loves debt. So, yes, he has a lot of money, OPM, other people’s money. He’s an OPM addict, and other peoples’ money addict. But as far as using it for himself, there’s very good reason, he doesn’t have close to what he’s talking about. So just like bank robbers, he’s going where the money is.
DB:He’s got some cagey friends? Continue reading »
Trump and Clinton are both Rothschild puppets.
Back on November 3, when it still seemed improbable to most that Trump would win the election, a trial balloon was floated by Reuters, according to which Trump campaign manager, former Goldman Sachs partner and Soros Fund management employee, was being groomed for something much larger as Donald Trump reportedly told his aides today that he wants Mnuchin to serve as his Treasury Secretary. Continue reading »
Goldman Sachs, George Soros, ….
And how many of you can guess Steven Mnuchin’s religious affiliation in under a second?
So Trump is a Rothschild puppet, just like Killary, …
… “Serving Lord Rothschild Great Again!”
“More bullshit you can take a bath in“ coming your way America!
And of course Trump is also a Freemason, …
… just like Hillary Clinton, Bill Clinton, Obama, G.W. Bush, Angela Merkel, Theresa May, Hollande, Sarkozy, Vladimir Putin, Churchill, Roosevelt, Stalin and Adolf Hitler, …
… which is why …
Divide et impera!
PTB engineered migrant crisis, financial/economic collapse, civil war and WW3 coming to a place near you.
Flashback (further exposing Clinton and Trump):
“I’m a big fan of Israel and frankly a strong Prime Minister is a strong Israel, and you truly have a great Prime Minister in Benjamin Netanyahu. There’s nobody like him, he’s a winner, he’s highly respected, he’s highly thought of by all,” Trump says. “Vote for Benjamin: terrific guy, terrific leader, great for Israel.”
Israel is a creation of the Rothschilds, which is why Baron Edmond Benjamin James de Rothschild is known as the “Father of the (Jewish) Settlement” (Avi ha-Yishuv).
Six months ago, Steven Mnuchin became finance chair for the Trump campaign. Having succesfully helped to raise 10s of millions of dollars for the campaign, the former Goldman Sachs partner and Soros Fund management employee is now positioned for something much larger as Donald Trump reportedly told his aides today that he wants Mnuchin to serve as his Treasury Secretary.
Ironically, Trump has often criticized Clinton (and his former competitor Ted Cruz) for their links to the big banks:
“I know the guys at Goldman Sachs. They have total, total control over him. Just like they have total control over Hillary Clinton,” Trump said in one debate.
Back in 2010, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act which was intended to shut down proprietary trading desks at the big wall street banks while allowing them to hold just enough inventory to satisfy market making requirements. Which is why many are now questioning how a 34-year-old Goldman Sach high-yield trader, Tom Malafronte, managed to make $100mm while maintaining compliance with federal banking regulations. As a senior trader of Skyland Capital told the Wall Street Journal, “It goes against everything we’ve been seeing the last three years.”
The gains were the work of Tom Malafronte, a managing director on the bank’s high-yield-bond desk in New York. The 34-year-old trader bought billions of dollars in junk corporate debt on the cheap starting in January, then locked in profits as prices recovered, according to people familiar with the matter. Continue reading »
As has been widely reported, in 2013 Hillary Clinton was paid $675,000 for three speeches to Goldman Sachs. One was delivered on June 4, 2013 at the 2013 IBD CEO Annual Conference at The Inn at Palmetto Bluff in South Carolina, a second one took place on October 24, 2013 at the Goldman Sachs Asset Management AIMS Alternative Investment Symposium, and the last one was delivered on October 29, 2013 at the Goldman Sachs builders and innovators summit.
The speech transcripts, in their entirety, were revealed for the first time in an email from Tony Carrk, research director at Hillary for America, in an email dated January 23, 2016, and disclosed to the public for the first time ever during today’s latest Wikileak of Podesta emails.
In the email Carrk says: Continue reading »
Last October, we reported that “Wall Street Was Shocked As Feds Bring Criminal Case Against Goldman Banker Over Fed Leaks.” Briefly, because as we also reported several months later, nobody actually ended up going to prison for the infamous story of Goldman Sachs obtaining classified NY Fed documents as a result of the revolving, ended up with two workers getting slaps on the wrist in some modest penalties.
Today the story got its closure, when the Fed announced that Goldman Sachs has agreed to pay $36.3 million to settle allegations by the Federal Reserve that it obtained and used confidential regulatory materials from the central bank two years ago. This amounts to 0.1% of the firm’s 2015 revenue of $33.8 billion. Continue reading »
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Having cornered the central banker market, with its alumni manning key positions at most central banks, Goldman has decided to tip its cards into its next zone of interest: geopolitics, and has done so by hiring none other than the former head of the European Commission, Jean-Claude Juncker’s predecessor and one-time Nigel Farage nemesis, Jose Manuel Barroso as an advisor and non-executive chairman of its international business.
Barroso served as president of the European Commission, the EU’s executive arm, from 2004 to 2014 and was prime minister of Portugal from 2002 to 2004. Continue reading »
Libya’s national investment fund is attempting to claw back $1.2 billion from nine trades it carried out with Goldman Sachs in 2008, which supposedly came about after the bank used prostitutes, private jets, and five star hotels to secure contracts.
Libya’s national investment fund is attempting to claw back $1.2 billion from nine trades it carried out with Goldman Sachs in 2008, which supposedly came about after the bank used prostitutes, private jets, and five star hotels to secure contracts. Continue reading »
Following an abysmal quarter for investment banks around the globe, which saw salary cuts across the board as a result of sliding revenues in virtually all product areas, we forecast that the next logical step will be ongoing major layoffs of some of the world’s highest paid employees. This morning none other than the most insulated from global financial troubles bank confirmed just this when Bloomberg reported that Goldman had quietly cut investment banking jobs in the last few weeks, joining securities firms that are adjusting to a slowdown in deal activity. Continue reading »
(COMMONDREAMS) A series of emails released Friday show what activists describe as “collusion” between U.S. Trade Representative Michael Froman and Wall Street executives to push for the passage the controversial Trans-Pacific Partnership (TPP).
The emails (pdf), obtained through a Freedom of Information Act (FOIA) request by the group Rootstrikers, which organizes against money in politics, include a message to Froman from a managing director at Goldman Sachs urging him to push for “robust commitments” on Investor-State Dispute Settlement (ISDS) provisions—which allow private corporations to sue governments for perceived loss of profits—to be included in the divisive trade deal. Continue reading »
Call it criminal deja vu, all over again: “Morgan Stanley and Goldman, Sachs & Co. are acting as lead joint book-running managers for the offering, with Deutsche Bank Securities, Citibank, and BofA Merrill Lynch acting as additional book-running managers.”
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As I’ve said here: Did Bernie Sanders Just Go Full Establishment?:
All candidates are “full establishment” …
… and Hillary is the worst of them all.
You have no choice. None.
More info on elite puppet Donald Trump down below.
In an oddly ironic twist, today Donald Trump announced that he has picked as chairman of his newly launched fundraising operation none other than a former employee of the bank he has repeatedly criticized in the past, and which he used as a foil to criticize Ted Cruz: Goldman Sachs.
Trump announced that heading up his own personal fundraising operation as national finance chairman will be Steven Mnuchin, a long-time business associate, chairman and CEO of the hedge fund Dune Capital. More importantly, however, he spent 17 years at Goldman Sachs where he was most recently a Partner, having built a fortung of $46 million before launching his own hedge fund.
While employed at Goldman, he purchased the remains of IndyMac Bank (now known as OneWest Bank), the Pasadena, California-based mortgage lender that collapsed in 2008. “Notoriously press-shy, the executive endured 2011 protests on the lawn of his Bel Air mansion by foreclosed homeowners angered at his lender’s handling of soured mortgages.”
As Zero Hedge readers are familiar, Trump often critized his main competitor Ted Cruz for his links to the bank because of loans used to finance Cruz’s Senate campaign, and because Heidi Cruz was a one-time employee of Goldman. “I know the guys at Goldman Sachs. They have total, total control over him. Just like they have total control over Hillary Clinton,” Trump said in one debate. Continue reading »
Goldman Sachs has finally admitted to committing fraud. Specifically, Goldman Sachs reached a settlement yesterday with the Department of Justice, in which it admitted fraud:
The settlement includes a statement of facts to which Goldman has agreed. That statement of facts describes how Goldman made false and misleading representations to prospective investors about the characteristics of the loans it securitized and the ways in which Goldman would protect investors in its RMBS from harm (the quotes in the following paragraphs are from that agreed-upon statement of facts, unless otherwise noted):
Continue reading »
A fine for doing God’s work?
Hot on the heels of Wells Fargo’s $1.2 billion settlement, Bloomberg reports that Goldman Sachs will pay $5.1 billion to settle a U.S. probe into its handling of mortgage-backed securities involving allegations that loans weren’t properly vetted before being sold to investors as high-quality bonds.
“This resolution holds Goldman Sachs accountable for its serious misconduct in falsely assuring investors that securities it sold were backed by sound mortgages, when it knew that they were full of mortgages that were likely to fail,” said Acting Associate Attorney General Stuart Delery.
As AP reports,
The Justice Department announced a $5 billion settlement with Goldman Sachs over the sale of mortgage-backed securities leading up to the 2008 financial crisis. Continue reading »
JPMorgan, Goldman Said to Discuss Buying Deutsche Bank Swaps
~Lender looking to complete sale of $1.1 trillion swaps book
~Deutsche Bank has sold about two-thirds of book since 2015
Deutsche Bank AG, the lender exiting some trading operations, is in talks with JPMorgan Chase & Co., Goldman Sachs Group Inc. and Citigroup Inc. to sell the last batches of about 1 trillion euros ($1.1 trillion) in complex financial instruments, people with knowledge of the matter said. Continue reading »
Now that Rand Paul is out of the race for the White House, Politico’s Eliza Collins reports that his father Ron Paul, who ran in 2008 and 2012, isn’t impressed by Ted Cruz’s attempts to pick up the “free market” libertarian banner.
“You take a guy like Cruz, people are liking the Cruz — they think he’s for the free market, and [in reality] he’s owned by Goldman Sachs. I mean, he and Hillary have more in common than we would have with either Cruz or Trump or any of them so I just don’t think there is much picking,” Paul said of the Texas senator on Fox Business’ “Varney & Company” on Friday.
During the lest Democratic debate on January 17, Hillary Clinton made several populist comments that aimed to show she is “one of the people” and that, like all other candidates, she would aggressively pursue not only bank fraud, but would go after bankers themselves. As we tweeted at the time, these were some of her more prominent soundbites:
- “no bank should be too big to fail and no individual too powerful to jail”
- “I am going to defend president Obama for taking on Wall Street and getting results”
- “I go after the big banks, I am the one the hedge funds are up against”
- “we are at least having a vigorous debate about reining in Wall Street”
And then there is the reality: as none other than the NYT reported two days ago, Goldman Sachs alone paid Hillary $675,000 for three speeches in three different states, a fact Hillary’s main challenger, Bernie Sanders, has highlighted repeatedly.
Earlier today, Goldman’s global macro strategist team led by Noah Weisberger released a report titled “Markets do not “Take it Easy” to start the year”, which had one very disturbing slide, i.e., “Exhibit 8.” – disturbing, because it showed that according to Goldman’s Current Activity Indicator, the US was effectively in recession; certainly disturbing enough for us to immediately tweet it with just one comment: “Oops”:
Oops from GS pic.twitter.com/jz0LCculCQ
— zerohedge (@zerohedge) January 20, 2016
In case it is not readily visible, here it is again:
Exhibit 8: Our market-based US growth risk factor is at post GFC lows
This was the accompanying Goldman commentary:
In 2003, she worked for the Bush administration on economic policy. Eventually becoming the director for the Western Hemisphere on the National Security Council under National Security Advisor Condoleezza Rice in 2003. She left Washington DC in 2004 to support her husband’s run for elective office in Texas. In 2005, she joined Goldman Sachs, serving as a private wealth manager and is currently the Region Head for the Southwest Region in the Investment Management Division of Goldman Sachs in Houston. She had served as vice president for seven years before the promotion in 2013. She took a leave of absence without pay for her husband’s 2016 presidential campaign. Continue reading »
Did you know that there are 5 “too big to fail” banks in the United States that each have exposure to derivatives contracts that is in excess of 30 trillion dollars? Overall, the biggest U.S. banks collectively have more than 247 trillion dollars of exposure to derivatives contracts. That is an amount of money that is more than 13 times the size of the U.S. national debt, and it is a ticking time bomb that could set off financial Armageddon at any moment. Globally, the notional value of all outstanding derivatives contracts is a staggering 552.9 trillion dollars according to the Bank for International Settlements. The bankers assure us that these financial instruments are far less risky than they sound, and that they have spread the risk around enough so that there is no way they could bring the entire system down. But that is the thing about risk – you can try to spread it around as many ways as you can, but you can never eliminate it. And when this derivatives bubble finally implodes, there won’t be enough money on the entire planet to fix it. Continue reading »