Ex Goldman Sachs & SHLD Executives Following Indoctrinat

Joined: 08 Jul 2003 Posts: 6309

Excellent article from Rollingstone - Inside The Great American Bubble Machine by Matt Taibbi

http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine

Goldman Sachs has apparently has a history of manipulating or influencing the markets including the Great Depression, the internet bubble , the housing bubble and now the energy markets .

And as have many have noted here Goldman has had plenty of allies or ex executives in government including the agencies that regulate their business and/or competitors. It's also theorized that the bailouts were rigged in Goldman's favor.

It should be noted that several Sears executives including Eddie Lampert, William Crowley, Steven Mnuchin and SHLD pumper Jim Cramer are all ex Goldman Sachs execs. When the head of SHLD is an ex Goldman exec you mean to tell me that the Goldman way hasn't spread to SHLD especailly when enabled by other ex Goldman execs/SHLD execs and the primary pumper is/was ex Goldman manager Cramer ? If nothing else they know who to go to if they want something done the Goldman way.

Joined: 06 Jul 2003 Posts: 8380 Location: Central CA

I've been following this story on the blog sites... he also has an update or two on line. Goldman Sachs seems to be the training ground for unethical rectal orifices who are managing to infiltrate themselves into just about every aspect of our money industry.

This is a company that needs a damned thorough congressional investigation but it will never happen with the congress we have now. Too damned many congresscritters making big bucks from all the shenanigans to expect them to actually do anything but blow smoke and make lots of little farting noises.

People better start tearing themselves away from the big screens and yammering/texting on their flipping super phones and nutting up over some rock star's quite often self induced demise or some grade B actress's latest crotch shot on Youtube... and START taking an interest in what's going on in the secret tunnel that runs between Wall Street and Washington before it's too damned late and we are so well and truly boned we can't ever recover.

The last expense they'll eliminate... when the coup is a done deal and diversion is no longer required... will the bread and circuses that keep Joe Sixpack entertained and diverted while they steal the flipping country out from under him.

Joined: 08 Jul 2003 Posts: 6309

Yeap,Nofs right again http://www.retail-worker.com/forum/viewtopic.php?t=11106 . And just like KBR they are enabled by allies & friends in government.

All I have to do is know that Eddie & Cramer worked at Goldman and many financial commentators get all giggly when talking about Goldman then I know their is plenty of stink on this shit. Throw in old school/old boy network you know the smell carries.

I was also taken back at the amount of material available on Goldman. This isn't just one Rolling Stone writer-plenty have smelled the stink for years. I figured market manipulation was a given but rigging the entire game goes beyond unethical and illegal. The links and probable influence on government and corporate thinking is astounding.

This story tells why we shouldn't have bothered with a direct bailout of these corporations. I'd rather had given aide to the screwed individual investors who many commentators like to hide behind when justifying a Goldman. But this is why the bailout of these CORPORATIONS does little to actually benefit the U.S.

http://rawstory.com/news/2008/Goldman_Sachs_tax_rate_drops_to_1218.html

Joined: 08 Jul 2003 Posts: 6309

Goldman not only trying to control the game but they are trying to control personal opinion to make their job/manipulations easier.

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5137489/Goldman-Sachs-hires-law-firm-to-shut-bloggers-site.html

This is the site in question

http://www.goldmansachs666.com

An eddie being the faithfull Goldman alumni also goes after personal freedoms trying to control the opinions-of himself and his company. Just like Goldman a legend in his own mind.

http://www.retail-worker.com/forum/viewtopic.php?t=11138

Just more proof of the old boy/old school arrogance. Demanding respect means you are already knee deep in your own crap.

Joined: 24 Jan 2009 Posts: 62

Ugh, I'd read WSJ before Rolling Stone about on just about any topic. Probably even music. We know Led Zeppelin was good, stop reminding us.

Joined: 06 Jul 2003 Posts: 8380 Location: Central CA

http://www.nytimes.com/2009/07/17/opinion/17krugman.html?_r=1&partner=rssnyt&emc=rss

Joined: 08 Jul 2003 Posts: 6309

Nice pull on NYT article nofs

The guys 3rd point about reforming and rescueing the financial system sums it up . Because without reform it's business as usual. It's sorta like trying to come up with a health care plan without identifying all the problems and source of costs.

But Goldman's trading strategies are a problem. The Taibbi piece noted that Goldman was selling or trading those CDOs of subprime crap the hedging their bet by shorting or using derivatives/default swaps. But how exactly did they know the CDOs were that shakey and yet other major financial ' wizards ' were buying this stuff left and right . And just as Taibbi said how is that not fraud . (Sorta like Sears selling you a PA to fix your NEW washing machine).

Joined: 06 Jul 2003 Posts: 8380 Location: Central CA

It's all fraud DR. The whole stinking house of cards mess is nothing but one huge ponzi scheme/scam... call it "bubble" if you like... after another. There was NEVER any crisis that required this country to spend a trillion or two bucks bailing these lowlifes out. There's nothing going on that requires it now.

We had the tech bubble, the dot com bubble, the housing bubble, the real estate bubble, the energy bubble, the always popular high profit war bubble... now we're having a money bubble, that's all.

The thing we need to worry about now is that a money bubble, especially as it's playing out now, may be about the ultimate scam going. You've got to wonder... what the hell will they replace it with when they finally control ALL of the wealth there is?

Joined: 08 Jul 2003 Posts: 6309

Yep , for the most part the stock market can be very easily described as a ponzi scheme because if you bought high and have to sell low you're SOL.

Again unless a company stock pays a dividend there is no reason to hold on to it especially if you can sell at a profit. Why buy & hold a stock unless it has a dividend. If a stock isn't paying a dividend it is probably being pumped or PLAYED in some way.

But Eddie ex Goldman Sachs apparently learned & knew what he was doing when he pumped post bankrupt Kmart stock from 20$ to 190$ in the form of SHLD(basically the same stock since a 1 to 1 exchange at ' merger ' time). If you bougt around 190$ a share you are the one getting stuck just like the last investor in a ponzi or pyramid scheme .

Joined: 06 Jul 2003 Posts: 8380 Location: Central CA

Joined: 08 Jul 2003 Posts: 6309

BINGO !

Except for Eddie the name change from Kmart to Sears Holdings was even more profitable.

The name change really benefited Eddie Lampert because his ESL/RBS crew inherited $4 BILLION from Sears so now with all the spare cash it appeared like SHLD was earning it when in fact it was nothing but inheritance-like a trust fund baby.

Joined: 06 Jul 2003 Posts: 8380 Location: Central CA

Goldman Sachs in Talks to Acquire Treasury Department

Video at 11:00

Joined: 08 Jul 2003 Posts: 6309

can't figure out which part they don't already own - LOL LOL

WTF , both seem to do what the heck they want anyway .

Joined: 06 Jul 2003 Posts: 8380 Location: Central CA

I think they still haven't figured out how much Paulson gave away to them when he was running the joint, Once they figure that out, they can go ahead and buy the rest without having to worry about paying for what's already theirs.

Joined: 08 Jul 2003 Posts: 6309

Too bad using a man on ' the inside ' can't be 100% proof of ' insider trading ' .

Apparently Eddie still has or had a man on the inside when he wanted an 800 million dollar loan... from Goldman Sachs . Why go to Goldman ? Did he owe them one or likes the way they do business ?

http://www.nypost.com/seven/06122007/business/lampert_hires_goldman_sachs_to_raise_5b_business_roddy_boyd.htm

Joined: 24 Jan 2009 Posts: 62

Joined: 08 Jul 2003 Posts: 6309

Funny how things started cranking up in spring 2007. I did check the news from around then and found some funny coincidences.

This caught my eye for several reasons : http://www.fool.com/investing/general/2007/05/17/citigroup-in-the-lampert-zone.aspx .First Eddie's stake in Citibank was around $800 million but secondly and more importantly it was a stake in Citibank : in some respects major competition for Goldman. Citi was starting to show signs of cracking. Goldman kills 2 birds with one stone. Does a favor Eddie AND gets to place more pressure on Citi by having a major stock holder in the form of Eddie Lampert. Wonder how much consideration Eddie's request would've got if he hadn't taken a stake in Citi ?

Joined: 24 Jan 2009 Posts: 62

Joined: 08 Jul 2003 Posts: 6309

http://www.nytimes.com/2009/07/24/business/24trading.html?_r=1&partner=rss&emc=rss . From a thread/article posted by Nofsdad

Too me this shows how Eddie & the RBS/ESL crew were able to walk up the price of SHLD to almost 200$ . Again how would a company with not 1 but 2 major store chains showing nothing but SSS DECLINES be able to trade up the stock. Yeah the Cramer pump didn't hurt but if the crew's allies/cohorts used these Goldman strategies let alone programs a 200 dollar SHLD stock wasn't that far fetched.

Setting that program aside for minute one must consider that before you make a program for your strategy you have to know what that strategy is. You have to know what to put on a computer disk or at least request what is to be put in trading software. Who told the progammers what to do-what the order/request was ? I think Goldman simply put one of their existing strategies on a disk.

A program or strategy like this also can reduce the life of a stock by speeding up it's peak which probably would be too hard maintain especially once traders realize what's going on with THE COMPANY itself. I'm guessing that as soon as ESL/RBS players slowly pulled out of the game:the players needed to execute these "perfectly timed" trades SHLD stock became more susceptable to regular trading.

Joined: 08 Jul 2003 Posts: 6309

Tips for Eddie ?

http://abcnews.go.com/Business/wireStory?id=8399193

Being the Eddie is ex Goldman alumni and had no problem asking them for a $800 million loan for a hedgefund do think he would still be in the loop.

This latest revelation shows how with the right information or the right people with the right information stock is much easier to manipulate than most think.

The ESL/RBS crew could use a down grade prediction to plan a buyback at a lower price.

Joined: 08 Jul 2003 Posts: 6309

Goldman knowingly sold bad mortgage back bonds/bundles and might have violated disclosure laws. From the consumerist:

http://www.mcclatchydc.com/227/story/77791.html

The way they 'disposed' of those toxic assets almost seems like one of those prison escape movies where they have to spread out the dirt from the tunnels.

I wonder if SHLD's illustrious leader and Goldman alum remembers what page of the playbook that came from ?

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