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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWe can stop Trump's pick of Clayton to head SEC; but we need your help
Just the facts - apropos - concerning how large the troubling matter is of POTUS Trump (still leaves a bad taste in my mind, every time I look upon him) picking a Goldman Sachs crony to be head of the SEC.
Yours truly already knows how Goldman Sachs gets away with organized crimes and benefits by murder; because our eToys case provides proof how the racketeers infect the Department of Justice to assure no investigation, indictment or prosecutions of Goldman Sachs (and their cohorts/cronies) transpires (Please See Colm Connolly section, below).
Hence, it is absurd to allow Goldman Sachs to expand its enterprising ways, with this new pick of a Sullivan & Cromwell law firm partner, to be head of the SEC. (Especially since Sullivan & Cromwell is in on the corruption to protect Goldman Sachs rackets)
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Fact 1 - Trump has nominated Jay Clayton to be head of SEC.
Per Wikipedia
Walter J. "Jay" Clayton is an American attorney who specializes in mergers and acquisitions transactions and capital markets offerings. --- He is President-elect Donald Trump's selection to chair the U.S. Securities and Exchange Commission.
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Fact 2 - Jay Clayton is a lawyer at Sullivan & Cromwell, who represents Goldman Sachs
Per Wikipedia
He {Clayton} is a partner at the law firm Sullivan & Cromwell. He is President-elect Donald Trump's selection to chair the U.S. Securities and Exchange Commission.
At Sullivan & Cromwell, Clayton has represented prominent Wall Street firms, including Goldman Sachs. He has also helped multiple corporations raise money through initial public offerings, including Alibaba Group,[4] Ally Financial, Och-Ziff Capital Management, Oaktree Capital Management, Blackhawk Network Holdings, and Moelis & Company.[1] During the Financial crisis of 20072008, Clayton advised Bear Stearns in its fire sale to JPMorgan Chase in 2007 and Barclays Capital in the purchase of Lehman Brothers' assets following their bankruptcy.[3]
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picture from Rolling Stone article Jan. 5, 2017
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Fact 3 - Rolling Stone points out Trump pick of Clayton is worst SEC pick - EVER
Per Rolling Stone article titled "Trump Nominee Jay Clayton Will Be the Most Conflicted SEC Chair Ever"
Senator Sherrod Brown is quoted as saying:
"It's hard to see," Brown said, "how an attorney who's spent his career helping Wall Street beat the rap will keep President-elect Trump's promise to stop big banks and hedge funds from 'getting away with murder.'"
Believe it or not - "getting away with murder" - is possibly 'Spot On' (more on this, below, in a moment).
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Fact 4 - Jay Clayton's wife still works at Goldman Sachs
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According to Bloomberg, quoting (and this is REALLY sardonic) Ben "Bain" - and the Bloomberg story appropriately titled "After Ripping Wall Street, Trump Picks Insider to Lead SEC"
Bloomberg article states:> Sullivan & Cromwells Jay Clayton tapped to chair agency
> His legal clients have included Goldman Sachs and hedge funds
Here's a link to the Bloomberg video discussion with Mr. Bain (you have no idea how sardonice the "Bain" thingy is).
http://www.bloomberg.com/politics/videos/2017-01-04/donald-trump-to-nominate-jay-clayton-as-sec-chair
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[font size=4 color=navy]Preliminary Conclusion[/font]
We can't trust this pick to be head of SEC, over Goldman Sachs
As reported by all, Trump said one thing about Wall Street, and is obviously doing another. The POTUS pick of a Goldman Sachs crony to head the SEC, is absurd (akin to Capone being able to get Nitti to be prosecutor over Capone cases).
Jay Clayton owes much to Goldman Sachs, and his law firm of Sullivan & Cromwell owes much, too. Combine this with Clayton's wife still being at Goldman Sachs, means we (America) needs a separate OIG, or Public Integrity Section, Special Prosecutor to review all of the issues germane.
As our eToys cases saga points out, Goldman Sachs already gets away with racketeering and federal corruption.
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Our eToys case proves everything Senators Warren & Sanders states about Wall Street getting away with fraud, due to "revolving door" (switching sides) federal corruption of watchdog agencies.
Item 1 - Goldman Sachs took eToys public (IPO) and did a pump-n-dump stock fraud for $600 million
As this pick - below - does show, Romney, MNAT, Goldman Sachs, Paul Traub and Colm Connolly are all directly linked to each other. This is why I stated, above, it is sardonic that Bloomberg uses a "Bain" person to point out the idosyncracies of this particular saga.
It is - as if - Bloomberg is in on the jokes!
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Item 2 Per the March 2013 New York Times article, by Joe Nocera, titled "Rigging the IPO Game" it is noted Goldman Sachs took eToys public, doing a "spinning" scheme.
The eToys initial public offering raised $164 million, a nice chunk of change for a two-year-old company. But it wasnt even close to the $600 million-plus the company could have raised if the offering price had more realistically reflected the intense demand for eToys shares. The firm that underwrote the I.P.O. and effectively set the $20 price was Goldman Sachs.
[br] Please take NOTE: I'm the Delaware Bankruptcy Court appointed fiduciary over eToys, who authorized the suing of Goldman Sachs; but I had no idea my attorney (MNAT.com) who was also eToys court appointed law firm, was also (secretly) representing Goldman Sachs. MNAT nominated Paul Traub (fraudster who was partners with Marc Dreier and Tom Petters Ponzi) to be the one to sue Goldman Sachs in the New York Supreme Court case.[br]
Item 3 [font size=3 color=burnt]In essence, Goldman Sachs sued Goldman Sachs and eToys lost a billion dollars![/font]After the Internet bubble burst and eToys, starved for cash, went out of business lawyers representing eToys creditors committee sued Goldman Sachs over that I.P.O. That lawsuit, believe it or not, is still going on. Indeed, it has taken on an importance that transcends the rise and fall of one small company during the first Internet craze.
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Item 4 ... Colm Connolly was a Goldman Sachs law firm partner arranged to be the Delaware U.S. Attorney
When I was frustrating the racketeers in eToys (of MNAT, Goldman Sachs, Barry Gold, Mitt Romney/Bain Capital and Paul Traub) who were stealing billions of dollars, all over the country - they offered me a million dollar bribe - which I turned down and reported to the Delaware DOJ.
Instead of investigating, arresting, indicting and prosecuting Goldman Sachs, MNAT, Paul Traub, or Sullivan & Cromwell, the parties arranged for a MNAT partner (Colm Connolly pic immediate above) to become THE Federal prosecutor, over the very cases in question.
Here's the link to the DOJ's Office of Legal Policy website, concerning Colm Connolly's resume (shows MNAT and DOJ)
This is the picture of the website (in case it vanishes)
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Item 4 ..... Reporting Colm Connolly corruption resulted in Shut Down of Public Corruption Task Force
Getting help from a task force judge/clerk, once I learned the United States Attorney I was giving all the evidence to, was concealing his connections (Conflict of Interests) to the very persons I was asking him to investigate/prosecute - I filed a Complaint (time stamped each/every page) with the U.S. Attorney's office, in Los Angeles, where the Corporate Fraud and Public Corruption Task Forces, were housed.
See link to Laser's 18 U.S.C. 3057(a) Complaint
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Item 5 --- Public Corruption Task Force is SHUT DOWN and federal prosecutors are threatened to silence!
See this L.A. Times story "Shake-up roils federal prosecutors"
The statement by the DOJ, for the shutting down of the Public Corruption Task Force (in March 2008, just 12 weeks after I filed the largest case of corruption they ever witnessed) - is that there were no federal corruption cases to prosecute.
And that dismanlte of the special unit would make the DOJ better
(that was in 2008, here it is 9 years later - still no prosecution of fraud/corruption)
Eliminating the public integrity and environmental crimes section, spokesman Thom Mrozek said, would actually enhance the effort to prosecute such cases.
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FEDERAL AGENTS THREATENED TO KEEP QUIET - Or ELSE!
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He explained that the unit's 17 lawyers would be farmed out to other sections in the office and that those types of cases would now be handled by a larger pool of attorneys, instead of by a select few.
But in interviews with The Times, several members of the disbanded unit challenged that explanation, saying the move was intended to punish lawyers for a perceived failure to produce and for bad-mouthing their boss, U.S. Atty. Thomas P. O'Brien.
They said O'Brien also threatened to tarnish their reputations if they challenged the official explanation for the unit's dismantling in conversations with reporters. Members of the unit contacted by The Times either spoke on the condition that they not be named or declined to comment. Several said they wanted to talk about the situation but feared reprisals if they did so.
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[font size=6]CONCLUSION[/font]
We have proof Goldman Sachs can openly do fraud, manipulate the Department of Justice staff to make sure Goldman Sachs and its cronies/ cohorts are not investigated, arrested, indicted and prosecuted; which means the notion of making the very entities benefiting from Wall Street organized crimes (the cui bono for Romney, Paul Traub, MNAT, Sullivan & Cromwell, Goldman Sachs) who are also already able to participate in the Federal Watchdog Agencies corruption and cover ups -
--------------to be head of those very investigative agencies
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The question is, how to get the Senate to be aware of these facts | |
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YES - the Senate must be aware of these crime cover ups - by Goldman Sachs/Sullivan & Cromwell | |
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NO - Goldman Sachs is above the law - and can do what ever they wish, as untouchables. | |
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WHO CARES | |
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Laser is a quaser | |
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laserhaas
(7,805 posts)I don't care if you name me or not - I've always asked the press to keep my name out of it
WGAF about Laser Haas
But this issue is too important to our nation - We simply CAN"T put the foxes in charge of the hen house - Knowingly?
Ilsa
(61,698 posts)still on the Senate Banking Committee? Is it professional staff at the doj that sweeps this under the rug, or political appointees?
I don't know what to do. This is more complicated than most people want to think about for more than five minutes.
laserhaas
(7,805 posts)There's so much going on in this case - not only would a (proper) review put a halt to Trump's pick to head SEC
Goldman Sachs would - immediately - be indicted
Along with dozens of others (if we can get 1 honorable person, to do their dang job)
The FBI Special Agent on the case, was recently ordered off it. (as is par for the course)
laserhaas
(7,805 posts)Sachs did billion dollars fraud, eToys, The Learning Co and Fingerhut (all in partnership Bain Cap)
And Sachs wasnt prosecuted because Sachs OWNED the US Attorney over the cases in question
laserhaas
(7,805 posts)the courts
And why we MUST get the case - reviewed - properly