{"id":4573,"date":"2011-04-14T03:20:59","date_gmt":"2011-04-14T10:20:59","guid":{"rendered":"http:\/\/www.politicsplus.org\/blog\/?p=4573"},"modified":"2011-04-14T03:20:59","modified_gmt":"2011-04-14T10:20:59","slug":"at-last-a-bankster-bust","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2011\/04\/14\/at-last-a-bankster-bust\/","title":{"rendered":"At Last, a Bankster Bust?"},"content":{"rendered":"

Enabled by their lackeys in both parties, although more so Republican, the Banksters, who we bailed out, especially Goldman Sachs, almost destroyed our economy and caused untold suffering and loss in Main Street America that continues to this day.  Until now, congressional Republicans and banksters in the Fed and Obama\u2019s Treasury department have blocked all attempts to bring the banksters to justice, until now.<\/font><\/p>\n

\n

\"14sachs\"Goldman Sachs Group Inc. (GS) designed, marketed and sold collateralized debt obligations that misled investors and created conflicts of interest<\/strong> as the company built short positions before the U.S. housing market collapsed, a Senate panel said in its report on the financial crisis. <\/p>\n

In the case of one CDO, Hudson Mezzanine Funding 2006-1, Goldman Sachs told investors its interests were aligned with theirs while the firm held 100 percent of the short side, according to the report released today by the Senate\u2019s Permanent Subcommittee on Investigations. Senator Carl Levin, the Michigan Democrat who leads the panel, urged regulators to review all of the structured finance transactions described in the report<\/strong>. <\/p>\n

At a briefing today, Levin said he believed Goldman Sachs executives weren\u2019t truthful about the company\u2019s transactions in testimony before the subcommittee at an April 2010 hearing. He said he would refer the testimony to the Justice Department for possible perjury charges<\/strong>. <\/p>\n

\u201cIn my judgment, Goldman clearly misled their clients and they misled the Congress,\u201d Levin said. <\/p>\n

In a statement, Goldman Sachs denied that it had misled anyone about its business\u2026 [emphasis added<\/em>] <\/p>\n<\/blockquote>\n

Inserted from <Bloomberg<\/a>><\/p>\n

Not only should Blankfein and several of his cohorts spend some time behind bars, but for their collusion in covering it up, Bernanke should be impeached, and Obama should fire Geithner.<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"

Enabled by their lackeys in both parties, although more so Republican, the Banksters, who we bailed out, especially Goldman Sachs, almost destroyed our economy and caused untold suffering and loss in Main Street America that continues to this day.  Until now, congressional Republicans and banksters in the Fed and Obama\u2019s Treasury department have blocked all […]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-4573","post","type-post","status-publish","format-standard","hentry","category-politics","category-5-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/4573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/comments?post=4573"}],"version-history":[{"count":0,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/4573\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/media?parent=4573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/categories?post=4573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/tags?post=4573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}