Joyanna Adams

Nobody's Opinion

The Gods of Goldman Sachs

Nobody Knows–

This is Lloyd Blankfein. He is now the head of Goldman Sachs. In his first year as CEO he received a $67 million dollar bonus. So far, its recorded that he has visited the White House ten times. By this video alone, I’d say he practically lives there. Nobody Knows  what doormat I’ve been under, but I just discovered today that Jon Corzine, another former Goldman Sachs Chairman, was actually at one time, running Goldman Sachs with Henry Paulson before entering politics. (1998.) Jon had left Goldman Sachs to join MF Global in March 2o1o with a plan to remake it into the next Goldman Sachs. Oh…and Lloyd would be proud…Corzine was once a Senator and Governor of New Jersey, doing as Lloyd would say, “God’s Work.”

Gee…think: that’s little more than a year ago.
Once Corzine got into MF Global, he started buying the Italian and Spanish bonds, as well as those of Portugal, Ireland, and Belgium, against the advice of his peers, but he pressured Directors that the trades would work out:  
Nov. 29 (Bloomberg) –Jon Corzine bet $11.5 billion on European sovereign debt in his bid to rebuild profits at MF Global Holdings Ltd., almost twice the net amount disclosed to investors, and relied on short-term hedges that left the firm exposed to larger losses if they couldn’t be rolled over. The firm’s Oct. 31 bankruptcy filing, the eighth-biggest by a public company in the U.S., led to at least 1,066 workers losing their jobs, disrupted commodities markets and undermined investor confidence in future brokers. The trustee liquidation MF Global’s broker-dealer said more than $1.2 billion in customer money may be missing, and the company is being investigated by regulators and the U.S. Justice Department. 

 

About $200 million of the missing funds have been found at JPMorgan Chase & Co., the New York Times reported, citing people briefed on the matter that it didn’t identify. MF Global had an overdrawn account at New York-based JPMorgan in its final days, the newspaper said. The funds were transferred before its bankruptcy filing, it said. Neither Corzine nor anyone else at MF Global has been accused of any wrongdoing. (Of COURSE not.)

But, here’s the thing: In the recent Vanity Fair (May 2011) article, it’s being reported that Paulson and Corzine did not get along. And I never know what to think when I’m reading Vanity Fair, because it has such a liberal bent.

What is more important to this Nobody is the question of WHY are all these former heads of Goldman Sachs being picked by our Presidents to run the United States Treasury? I mean…I don’t know much, but aren’t investment bankers more talented at risk-taking and trading stocks?

Don’t we need more of a person that can manage our budget?  

Is that why they like to play with the taxpayers money? Are they all dreaming of some big blockbuster “world on stock market” steroids? Are they just using the taxpayers money for their own fun and profit?

And here’s what bothers me the most: Robert Rubin was a former Goldman Sachs Co-chairman. He became Bill Clinton’s Secretary of the Treasury. When Steve Friedman, the President of Goldman Sachs in the 1990’s, was going to retire, he went to the White House to ask Robert Rubin (who was Secretary Treasury at the time) advise on who should he pick to replace him, and Robert told him to pick Paulson and Corzine— so he did.

Wikipedia:

Robert Rubin and Stephen Friedman assumed the Co-Senior Partnership in 1990 and pledged to focus on globalization of the firm and strengthening the Merger & Acquisition and Trading business lines. During their reign, the firm introduced paperless trading to the New York Stock Exchange and lead-managed the first-ever global debt offering by a U.S. corporation. It also launched the Goldman Sachs Commodity Index (GSCI) and opened a Beijing office in 1994. It was this same year that Jon Corzine assumed leadership of the firm following the departure of Rubin and Friedman.

 George W. Bush picked Henry Paulson for his treasury secretary, and then came the bailouts.
Corzine just lost a billion or so of other people’s money. (Something he done before when he worked for Sachs) and he goes prancing merrily away. After all, he went to Chicago University. Obama’s old stomping grounds.

 

This very important story was only reported here in the States as a sidenote. Our media is obsessed with the election.   

What we should be paying attention to is, who’s going to be the next Secretary of the Treasury, because I don’t know about you…when you have a Congress that can do insider trading, what better partnership could you possibly have than the x-chairmans of the biggest investment firm in the United States, sitting right on your couch every day?

Lloyd truly believes in going beyond the world of banking, he’s out to be God. Helping global warming, and the babies. I’d like to see the great things he has done, for $67 million dollars–wouldn’t you?

If history repeats itself, Lloyd will have a seat at the White House sooner than we think, and if he’s anything like his predecessors, the little nobodies of the world, are doomed. But the Gods of Goldman Sachs and their political friends, are happy, because they are “doing God’s work.”

The God– whose name rhymes with “Need.”

November 30, 2011 Posted by | corruption, Goldman Sachs, Uncategorized | , , , , , , , , , , | 7 Comments