Europe has found out about GS, why haven't we?

[Megadoom]

http://jessescrossroadscafe.blogspot.com/2010/02/simon-johnson-goldman-faces-special.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+JessesCafeAmericain+%28Jesse%27s+Caf%C3%A9+Am%C3%A9ricain%29

Goldman Goes Rogue - Special European Audit to Follow
By Simon Johnson

"...We now learn – from Der Spiegel last week and today’s NYT – that Goldman Sachs has not only helped or encouraged some European governments to hide a large part of their debts, but it also endeavored to do so for Greece as recently as last November. These actions are fundamentally destabilizing to the global financial system, as they undermine: the eurozone area; all attempts to bring greater transparency to government accounting; and the most basic principles that underlie well-functioning markets. When the data are all lies, the outcomes are all bad – see the subprime mortgage crisis for further detail.

A single rogue trader can bring down a bank – remember the case of Barings. But a single rogue bank can bring down the world’s financial system.

Goldman will dismiss this as “business as usual” and, to be sure, a few phone calls around Washington will help ensure that Goldman’s primary supervisor – now the Fed – looks the other way.

But the affair is now out of Ben Bernanke’s hands, and quite far from people who are easily swayed by the White House. It goes immediately to the European Commission, which has jurisdiction over eurozone budget issues. Faced with enormous pressure from those eurozone countries now on the hook for saving Greece, the Commission will surely launch a special audit of Goldman and all its European clients...

...Goldman will probably be blacklisted from working with eurozone governments for the foreseeable future; as was the case with Salomon Brothers 20 years ago, Goldman may be on its way to be banned from some government securities markets altogether. If it is to be allowed back into this arena, it will have to address the inherent conflicts of interest between advising a government on how to put (deceptive levels of) lipstick on a pig and cajoling investors into buying livestock at inflated prices.

[Hopeless_optimist]

I heard about this in the radio a few days ago. Who knows what other sinister secrets the major players have in their closets? I could foresee the global economy falling apart just for the loss of basic trust between governmets, institutions and banks.

[roundhouse]

It gets worse. 
GS also shorted Greece to cover their proverbial asses (which was probably smart but very shady).  That is not going to sit well with Europe either?
http://www.businessinsider.com/goldman-sachs-shorted-greek-debt-after-it-arranged-those-shady-swaps-2010-2

[Hopeless_optimist]

It's going to be a close race to the bottom between the dollar and the euro. (The British sterling looks even weaker than both, though.)

[dagrove22]

Not to sound paranoid but all of this seems planed. Some of the global events look somewhat disconnected but when the dots are connected it behaves like an executed plan. The grand chess game.

[jmhpolar]

"Europe has found out about GS, why haven't we?"

Must have somethin to do with that "librul media" we have here in this country.

[Bill Hicks]

"Europe has found out about GS, why haven't we?"

Must have somethin to do with that "librul media" we have here in this country.

Yep... blame it on ABC, NBC, CBS, Fox, CNN, MSNBC, MTV, HBO, ESPN, NFL, MLB, NASCAR, NBA, MPAA, USA Today, and any other entity out there devoted to distracting Americans from the fact that they are being ass raped every day of their lives.   

[generalworker]

Not to sound paranoid but all of this seems planed. Some of the global events look somewhat disconnected but when the dots are connected it behaves like an executed plan. The grand chess game.

I have been trying to figure this out too.

was in a coversation with a friend the other day and were talking about the goldman sacs players in govt. and the relations between europe and the united states and then on the other side the soviet union and china and iran etc.

we weren't sure if it was the same old fight from the cold war , economically and militarily.

or maybe the old theory that tptb were attempting to level out the entire world by taking from the u.s. and europe and spreading the wealth...

then we thought maybe it was a metter of other countrys just trying to knock the u.s. off from being king of the hill because they were sick of iit, reserve currency included,


and then we started  thinking maybe they planned it this way, knowing the finances didnt matter because the resources would be running out so the fiat money and collapse potential was a minor concern,

and then we started thinking maybe it was just because they knew war would be inevitable and it was coming on a grand scale.

Maybe they dont care because if you think of the market drop on 911 a few missiles go off you know the dow is collapsing and economy will go to hell anyway. And with the entire world slowly going nuclear..........

so maybe they just knew it was coming and didnt care because a major war would take out the economys anyway and they are looking ahead....

but we never came to any real conclusions...  i am considering making this its own thread just to get some answers.......

They know SOMETHING though and are planning something.......

[Tinfoil Hattie]

It's not for Matt Taibbi's lack of trying:

http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine

The bank's unprecedented reach and power have enabled it to turn all of America into a giant pumpanddump scam, manipulating whole economic sectors for years at a time, moving the dice game as this or that market collapses, and all the time gorging itself on the unseen costs that are breaking families everywhere — high gas prices, rising consumercredit rates, halfeaten pension funds, mass layoffs, future taxes to pay off bailouts. All that money that you're losing, it's going somewhere, and in both a literal and a figurative sense, Goldman Sachs is where it's going: The bank is a huge, highly sophisticated engine for converting the useful, deployed wealth of society into the least useful, most wasteful and insoluble substance on Earth — pure profit for rich individuals.

[cozdiver]

We did find out yesterday...............

HERE

[illingsk]

Not to sound paranoid but all of this seems planed. Some of the global events look somewhat disconnected but when the dots are connected it behaves like an executed plan. The grand chess game.

The main TPTB goal for decades has been a global currency so that usery could be practiced on a global scale with ease. It looks as if the intermediate plans for regional super currencies (i.e. the Amero, the Euro, the Afro - not kidding - etc . . .) have been scrapped in favor of going global right now with a currency issued by the BIS. Couldn't have done that with a strong set of international currencies. Had to kill them all.

[generalworker]

Not to sound paranoid but all of this seems planed. Some of the global events look somewhat disconnected but when the dots are connected it behaves like an executed plan. The grand chess game.

The main TPTB goal for decades has been a global currency so that usery could be practiced on a global scale with ease. It looks as if the intermediate plans for regional super currencies (i.e. the Amero, the Euro, the Afro - not kidding - etc . . .) have been scrapped in favor of going global right now with a currency issued by the BIS. Couldn't have done that with a strong set of international currencies. Had to kill them all.

NO WAY!!!!

[J.A.F.O.]

Not to sound paranoid but all of this seems planed. Some of the global events look somewhat disconnected but when the dots are connected it behaves like an executed plan. The grand chess game.

The main TPTB goal for decades has been a global currency so that usery could be practiced on a global scale with ease. It looks as if the intermediate plans for regional super currencies (i.e. the Amero, the Euro, the Afro - not kidding - etc . . .) have been scrapped in favor of going global right now with a currency issued by the BIS. Couldn't have done that with a strong set of international currencies. Had to kill them all.

Damn.. you just may have nailed it.. I hadn't considered that they might try cutting out the intermediate steps.. but it rings true.. one thing they are very good at is changing plans as circumstances/situations/opportunities change/develop/appear...

[jtmo3]

So they found out. Big deal. Who in the know didn't really know. The question is, what are they going to do about it. My guess is a little slap on the hand for public consumption and business will continue with them one way or another. Has anything lately shown that tptb are tired of the money they produce for them. And yes, with all the shenanigans, they produce for them or they wouldn't be using them in the first place. It's really a sad state of affairs.

[cabacaba]

GS is doing the Neo Fascist's work for them.... Hungry masses are easy converts... War is a sure bet...

The Post War World will be beyond your wildest dreams or nightmares..