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Qtec
04-14-2011, 06:51 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> <span style='font-size: 17pt'>Goldman Sachs Chief Blankfein Could Face Criminal Prosecution For Role In Financial Crisis</span>

ASHINGTON -- Goldman Sachs executives <u>deceived clients</u> in order to profit off the brewing financial crisis and <u>then misled Congress </u>when asked to explain their actions, concluded a top lawmaker who led a two-year investigation into Wall Street's role in the meltdown.

Carl Levin, chair of the Senate Permanent Subcommittee on Investigations, will recommend that Goldman executives who testified before his panel, including chairman and chief executive Lloyd Blankfein, be referred to the Justice Department for possible criminal prosecution, the Michigan Democrat announced Wednesday. Members of the subcommittee will now deliberate Levin's proposal.</div></div>

I say they are innocent... (http://www.huffingtonpost.com/2011/04/14/goldman-financial-crisis-prosecution_n_848994.html)

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Last year, the Securities and Exchange Commission settled a lawsuit it had brought against Goldman.

But the firm was just one target of a sweeping, 639-page report by the Senate panel into the causes of the crisis. <u>Hardly a fluke occurrence,</u> <span style='font-size: 14pt'>the meltdown was the product of a deeply corrupt financial system, one fueled by profit-hungry banks that deceived their clients, and overseen by lax regulators who were complicit in the firms' chronic abuse of the most fundamental rules of the game, the report concludes.</span>

<span style='font-size: 17pt'>The investigation found a <u>"financial snake pit rife with greed, conflicts of interest, and wrongdoing,</u>" Levin said.</span></div></div>

Surely not!


Q..........[LWW blames Obama...LOL ]

wolfdancer
04-14-2011, 07:02 AM
Q, should be interesting....

Sev
04-14-2011, 07:04 AM
I blame Carter.

LWW
04-14-2011, 09:05 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body"> Q..........[LWW blames Obama...LOL ] </div></div>

I don't have to ... you did.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">WASHINGTON While Goldman Sachs' lawyers negotiated with the Securities and Exchange Commission over potentially explosive civil fraud charges, <span style='font-size: 11pt'>Goldman's chief executive visited the White House at least four times.</span>

White House logs show that <span style='font-size: 11pt'>Chief Executive Lloyd Blankfein traveled to Washington for at least two events with President Barack Obama, </span><span style='font-size: 14pt'>whose 2008 presidential campaign received $994,795 in <span style='font-size: 11pt'>donations from Goldman's</span> employees and their relatives. He also met twice with Obama's top economic adviser, Larry Summers.</span>

Read more: http://www.mcclatchydc.com/2010/04/21/92637/goldmans-connections-to-white.html#ixzz1JVgrNYVG</div></div>

wolfdancer
04-14-2011, 09:49 AM
So noted!!
and then easily dismissed

Gayle in MD
04-17-2011, 10:06 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body"> <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> <span style='font-size: 17pt'>Goldman Sachs Chief Blankfein Could Face Criminal Prosecution For Role In Financial Crisis</span>

ASHINGTON -- Goldman Sachs executives <u>deceived clients</u> in order to profit off the brewing financial crisis and <u>then misled Congress </u>when asked to explain their actions, concluded a top lawmaker who led a two-year investigation into Wall Street's role in the meltdown.

Carl Levin, chair of the Senate Permanent Subcommittee on Investigations, will recommend that Goldman executives who testified before his panel, including chairman and chief executive Lloyd Blankfein, be referred to the Justice Department for possible criminal prosecution, the Michigan Democrat announced Wednesday. Members of the subcommittee will now deliberate Levin's proposal.</div></div>

I say they are innocent... (http://www.huffingtonpost.com/2011/04/14/goldman-financial-crisis-prosecution_n_848994.html)

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Last year, the Securities and Exchange Commission settled a lawsuit it had brought against Goldman.

But the firm was just one target of a sweeping, 639-page report by the Senate panel into the causes of the crisis. <u>Hardly a fluke occurrence,</u> <span style='font-size: 14pt'>the meltdown was the product of a deeply corrupt financial system, one fueled by profit-hungry banks that deceived their clients, and overseen by lax regulators who were complicit in the firms' chronic abuse of the most fundamental rules of the game, the report concludes.</span>

<span style='font-size: 17pt'>The investigation found a <u>"financial snake pit rife with greed, conflicts of interest, and wrongdoing,</u>" Levin said.</span></div></div>

Surely not!


Q..........[LWW blames Obama...LOL ] </div></div>

/forums/images/%%GRAEMLIN_URL%%/grin.gif

Yeah, and Obama wasn't even in the White House while all of the thievery on Wall Street was raging.

Republicans had the Congress, the Senate, and the White House, AND a Repiglican Federal Reserve Chairman, and all Repiglican SEC deputies, in NY, and Washington D.C., throughout the corrupt era of Wall Street's skewed ratings, and banking corruption.

After that, Bush was just hoping the house of cards would not tumble down, until after he was gone.

HA HA HA, another Bush Mis-calculation! Sort of reminds you of his famous, "Mission Accomplished" huh? Bush's "Ownership Society" actually meant, that the billionaires, would own the entire country, and everyone else would be sinking into poverty.. That was his legacy.

LMAO!
It has been stated by many economists, it (the Bush Crash)was a done deal, by late 06....nothing could have turned it around, after that. ALL of it is on Repiglican's heads.

/forums/images/%%GRAEMLIN_URL%%/smirk.gif

<span style="color: #660000"> <span style='font-size: 14pt'>WE HAD AN ECONOMIC CRASH, WHICH PROVED THAT REPIGLICAN, TRICKLE DOWN, ECONOMIC THEORIES, FAILED MISERABLY, AND DID NOT CREATE JOBS, BUT INSTEAD, LOST THEM BY THE HUNDREDS OF THOUSANDS A MONTH!

NOW, REPIGLICANS WANT TO GO EVEN FARTHER INTO THAT SAME DEBT HOLE OF FAILED REPIGLICAN POLICIES!</span> </span>

LWW
04-17-2011, 10:14 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gayle in MD</div><div class="ubbcode-body">[Yeah, and Obama wasn't even in the White House while all of the thievery on Wall Street was raging. </div></div>

True. But, he was in the senate. They did back Obama. He did hire many, many of them.

Next ridiculous statement?