I hate saying, “I told you so,” but …
Posts Tagged: Goldman Sachs
4
Nov 11
“To Serve Man”
Hey everybody! There’s still some Kool-Aid in the punch bowl!
I mean, they’re backed by Goldman Sachs. What could go wrong? It’s not like they’ve ever deceived their own clients. Oh, wait.
I remember when Groupon was getting ready to get bough by Google. But, their finance guy blabbed about it and Google pulled out within hours of learning about the leak.
1
Nov 11
Musical Comedy
I remember where I was when I first heard Greece was in deep doo doo (at a depth not seen since The Treaty of Versailles).
It was a Sunday. I was at the original DuPar’s at Third and Fairfax. I’d brought my NY Times. The front page said it all: Greece was behind with both his landlord and the repo man.
The Greek government faced possible collapse on Tuesday as ruling party lawmakers demanded Prime Minister George Papandreou resign for throwing the nation’s euro membership into jeopardy with a shock call for a referendum.
Ironically, the film Grease was the first Hollywood musical to make a profit in the ten years that preceded its release.
via WRAPUP 5-Greece risks meltdown after bailout vote bombshell | Reuters.
22
Oct 11
People Are Burning Alive on the Streets of Athens
In 2008, a teenager was killed by Greek police and it lead to a riot that lasted longer than a week. Today, a middle-aged man died. Anarchist rumor has it that the trade unionist, Dimitris Kotsaridis, fell from the glass awnings over Syntagma Square and had a heart attack. The word inside the square was that he was fighting with the authorities. Just rumours, not fact. Nevertheless, that’s what we were hearing, true or not. Either way, rumor is spreading and anger will probably follow.
via People Are Burning Alive on the Streets of Athens | VICE.
20
Oct 11
Everybody Wants to Rule the World
Revealed – the capitalist network that runs the world – physics-math – 19 October 2011 – New Scientist
2
Oct 11
So Goes the EU and the Eurodollar Dream
Here we go. Say bye bye to the Eurodollar.
Greece will miss a deficit target set just months ago in a massive bailout package, according to government draft budget figures released on Sunday, showing that drastic steps taken to avert bankruptcy may not be enough.
As Germany slowly makes for the door, one might ask who has been making money off all this? Any guesses?
How about Goldman Sachs?
Greece wanted to build a new airport. Goldman got them the money to do so, but held the mortgage to the property, the payments for which consumed all the profit the airport generated (and added additonal costs to the Greek state).
Now, reunited Germany is morally obligated to start stuffing Deutschmarks in its pockets as it removes deposits from Brussels. Its steady export surplus entitles it to do so, but the reunification of Germany was agreed to only because the new Germany would back the Euro with its Deutschmark. Now for it to withdraw support for the currency would surely be the deathknell for the European Economic Community and its market basket currency. would it not?
via Greece to miss deficit targets despite austerity | Reuters.
2
Oct 11
Bank of America: 24 People Arrested in Boston Protest
The 24 arrestees, comprising 15 women and nine men, spent several hours in a jail in South Boston, but are unlikely to face any serious charges.
27
Jul 11
Fed secretly gave big banks $16 trillion in emergency loans!
The U.S. Federal Reserve secretly gave big banks $16 trillion in emergency loans. And they haven’t exactly been forthcoming about it. It took a GAO audit for this to come to light.
Yeah. That’s trillion with a tee.
Kyle Hayes