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Tue Jun 7, 2016, 10:57 PM

 

Message auto-removed

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Reply Message auto-removed (Original post)
Name removed Jun 2016 OP
Post removed Jun 2016 #1
RobertEarl Jun 2016 #17
laserhaas Jun 2016 #22
YouDig Jun 2016 #2
Armstead Jun 2016 #7
YouDig Jun 2016 #9
Armstead Jun 2016 #12
laserhaas Jun 2016 #23
YouDig Jun 2016 #24
Armstead Jun 2016 #41
YouDig Jun 2016 #42
Armstead Jun 2016 #44
senz Jun 2016 #33
YouDig Jun 2016 #34
Segami Jun 2016 #13
geek tragedy Jun 2016 #14
Armstead Jun 2016 #18
geek tragedy Jun 2016 #25
Armstead Jun 2016 #20
geek tragedy Jun 2016 #27
senz Jun 2016 #36
LexVegas Jun 2016 #3
PepperHarlan Jun 2016 #4
insta8er Jun 2016 #5
laserhaas Jun 2016 #26
AmBlue Jun 2016 #6
Trust Buster Jun 2016 #8
geek tragedy Jun 2016 #10
Armstead Jun 2016 #15
geek tragedy Jun 2016 #19
Barack_America Jun 2016 #11
reformist2 Jun 2016 #16
laserhaas Jun 2016 #28
brooklynite Jun 2016 #21
Post removed Jun 2016 #29
think Jun 2016 #30
LibDemAlways Jun 2016 #31
wendylaroux Jun 2016 #32
k8conant Jun 2016 #35
workinclasszero Jun 2016 #37
JoePhilly Jun 2016 #40
Luciferous Jun 2016 #38
PepperHarlan Jun 2016 #39
mylye2222 Jun 2016 #43

Response to Name removed (Original post)


Response to Post removed (Reply #1)

Tue Jun 7, 2016, 11:08 PM

17. America is the loser

 

You can take your attitude to the bank. They won't give you shit for it, but we will.

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Response to RobertEarl (Reply #17)

Tue Jun 7, 2016, 11:10 PM

22. A...friggn...men

 

But moi has a surprise coming..for Sachs

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Response to Name removed (Original post)

Tue Jun 7, 2016, 10:59 PM

2. Go away. For real. A hard fought campaign comes to a close. All Dems should be proud.

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Response to YouDig (Reply #2)

Tue Jun 7, 2016, 11:02 PM

7. ........................................

 

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Response to Armstead (Reply #7)

Tue Jun 7, 2016, 11:05 PM

9. Yeah you too. It's a historic day, do you not realize that? It was a great campaign, now concluded.

What is the point of posting that picture right now?

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Response to YouDig (Reply #9)

Tue Jun 7, 2016, 11:07 PM

12. Because it's the reality

 

We are about to elect the Goldman Sachs Worldview.

If you like the Goldman Sachs Worldview, it's a wonderful night.

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Response to Armstead (Reply #12)

Tue Jun 7, 2016, 11:10 PM

23. It aint over yetjust sayin...

 

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Response to Armstead (Reply #12)

Tue Jun 7, 2016, 11:11 PM

24. Give me a break with that bullshit.

Look at what we're up against. His name is Trump.

Hillary does not have a "Goldman Sachs" worldview. She's a liberal, and has been all her life. MSNBC was just talking about her "women's rights" speech in China. You Hillary hating people just dwell on all the worst stuff you can think of and don't even try to look at the overall picture.

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Response to YouDig (Reply #24)

Tue Jun 7, 2016, 11:33 PM

41. A simple request -- Read this article

 


http://www.nybooks.com/daily/2016/04/12/hillary-clinton-goldman-sachs-why-it-matters/
On the stump, Clinton’s criticisms of Wall Street can sound as radical as Bernie Sanders’s or Senator Elizabeth Warren’s. During a CNN debate with Bernie Sanders in March, Clinton said that she was in agreement that, “no bank is too big to fail, and no executive too powerful to jail” and that she has “the tools” to do it. In its earlier endorsement of Clinton in January, The New York Times itself highlighted her “proposals for financial reform” and her support for “controls on high-frequency trading and stronger curbs on bank speculation in derivatives,” which it cited as evidence that “she supports changes that the country badly needs.”

Yet Clinton’s repeated dealings with Goldman Sachs and its top executives since the financial crisis—including the 2013 speeches and more recent events involving the Clinton Foundation—run counter to such claims. To understand the significance of these dealings we have to bring together two strands of history. One concerns Bill and Hillary Clinton’s long-running connections to Goldman, among their closest with any US corporation. The second concerns Goldman’s activities leading up to and during the Wall Street crash of 2007–2008, including its deceptive marketing of contaminated mortgage derivatives.

The Clintons’ connections to Goldman Sachs can be traced back to their beginnings in national politics, in December 1991, when Robert Rubin, then co-chair co-senior partner of the bank, met Bill Clinton at a Manhattan dinner party and was so impressed by him that he signed on as an economic adviser to Clinton’s campaign for the 1992 Democratic nomination. According to a November 2015 survey of Clinton donors by The Washington Post, Rubin and other Goldman partners “mobilized their networks to raise money for the upstart candidate.”

As Bill Clinton’s secretary of the treasury from January 1995 until July 1999, Rubin was an architect of the financial deregulation that left financial derivatives such as Collateralized Debt Obligations (CDOs) largely free of controls. This paved the way for the large-scale, unregulated speculation in financial derivatives by Wall Street banks beginning in the early 2000s. (Goldman itself continued to enjoy special access to Washington during the George W. Bush administration, with former Goldman chief executive Hank Paulson serving as Treasury Secretary from 2006 to 2009.)

These long-running ties with Goldman have paid off for the Clintons. According to a July 2014 analysis in the Wall Street Journal, from 1992 to the present Goldman has been the Clintons’ number one Wall Street contributor, based on speaking fees, charitable donations, and campaign contributions, the three pillars of what I’ve called the Clinton System. As early as 2000, Goldman was the second most generous funder—after Citigroup—of Hillary Clinton’s 2000 Senate campaign, with a contribution of $711,000. In the early 2000s, Bill Clinton was also a Goldman beneficiary, receiving $650,000 from Goldman for four speeches delivered between December 2004 and June 2005. (The transcripts of these speeches do not appear to be currently available.)

By the winter of 2006–2007, however, Goldman and its CEO Lloyd Blankfein were becoming deeply involved in the collapsing housing bubble—and engaging in the practices that have since resulted in years of investigations and lawsuits. Data gathered mostly from the Corporate Research Project, a public interest website, show that on thirteen occasions between 2009 and 2016, Goldman was penalized by US courts or government agencies for fraudulent or deceptive practices that were committed mostly between 2006 and 2009. Four of these penalties amounted to $300 million or more.

In July 2010 the Securities and Exchange Commission fined Goldman $550 million for the fraudulent marketing of its Abacus CDO; the bank had allowed its client John Paulson to stuff the CDO with toxic ingredients, mostly in the form of mortgage-backed securities (MBSs), and then to bet against the CDO when it was marketed by taking a short position. Paulson earned around $1 billion when the CDO lost value as it was designed to do. In August 2011 the Federal Housing Finance Agency sued Goldman for “negligent misrepresentation, securities laws violations and common fraud” in its dealings with the semi-public mortgage banks Fannie Mae and Freddie Mac. In August 2014 Goldman agreed as restitution to buy back $3.15 billion worth of securities it had sold to the two banks for $1.2 billion more than they were currently worth.

In July 2012 Goldman agreed to pay $25.6 million to settle a suit brought by the Public Employees Retirement System of Mississippi accusing the bank of defrauding investors in a 2006 offering of MBSs. In January 2013, the Federal Reserve announced that Goldman would pay $330 million to settle allegations of foreclosure abuse by its mortgage loan servicing operations. Finally, in January of this year, Goldman announced that it would pay $5 billion to settle multiple lawsuits brought by official agencies against the bank, mainly for fraudulent marketing of CDOs; the final terms of the settlement were released on April 11. (Through the availability of tax credits and allowances, Goldman may end up paying less.) Among the plaintiffs were the Department of Justice, the New York and Illinois Attorneys General, the National Credit Union Administration, and the Federal Home Loan Banks of Chicago and Seattle.

These are summary descriptions of Goldman transgressions, which do no more than point to a pattern of deceptive and often fraudulent trading in derivatives. To get a more detailed sense of what exactly the bank was doing with these trades, we have to look at Goldman’s own record of its behavior during the crash. This record, which is now in the public domain, provides a stark backdrop to Clinton’s recent dealings with Goldman...........


..........A third indication of Hillary Clinton’s recent approach to Goldman executives, however, is more substantial. This is a speech Hillary Clinton gave to Goldman executives, including CEO Lloyd Blankfein, on September 23, 2014, that is available on YouTube. It took place during the annual meeting of the Clinton Global Initiative (CGI) in New York, of which Goldman has been a leading sponsor. In her comments, Clinton held up Goldman as an outstanding corporate citizen that was supporting a CGI initiative to promote the role of women in the global workforce: “It is really exciting for me to be here and to look around this room and see so many people who are committed to this mission that we share, certainly from the business world led by Goldman Sachs.”

Nor are these the only indications of the Clintons’ continued close ties to Goldman. After the $650,000 he received from Goldman in 2004–2005 Bill Clinton received another $600,000 from the bank between 2006 and 2014, including $200,000 in 2011 at a time when the bank was lobbying Hillary Clinton’s State Department for changes in the Budget Control Act. The final bill included the reauthorization of the Export-Import Bank, which helped finance a company in which Goldman was a part-owner. In 2011 the Clinton Foundation decided to leave its Harlem offices on West 125th Street in Manhattan, and moved downtown to a Goldman building on Water Street. Three years later, in May 2014, when the Clintons convened their leading donors to discuss the foundation’s future plans, they chose Goldman’s corporate headquarters in Lower Manhattan as the venue. In her current campaign for president, Hillary Clinton has hired Gary Gensler, a former Goldman banker and former chairman of the Commodity Futures Trading Commission, as her chief financial officer.

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Response to Armstead (Reply #41)

Tue Jun 7, 2016, 11:39 PM

42. Same crap over and over? Robert Rubin was in the Clinton Administration, we know.

So was Robert Reich, that doesn't seem to bother any of you.

Just for a day, drop the conspiracy mindset. At least try.

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Response to YouDig (Reply #42)

Tue Jun 7, 2016, 11:44 PM

44. Okay. Life is peaches and cream. None of this matters.

 

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Response to YouDig (Reply #9)

Tue Jun 7, 2016, 11:21 PM

33. What? The "winners" don't have a right to celebrate?

 

You think you're part of it?

&feature=youtu.be

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Response to senz (Reply #33)

Tue Jun 7, 2016, 11:23 PM

34. Yeah, I'm part of it. I'm a Democrat.

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Response to Armstead (Reply #7)

Tue Jun 7, 2016, 11:07 PM

13. Her V.P. pick?

 

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Response to Armstead (Reply #7)

Tue Jun 7, 2016, 11:07 PM

14. petty and bitter is a really bad look

 

maybe log off the Internet if you can't do anything but toss a turd in other people's punch bowl

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Response to geek tragedy (Reply #14)

Tue Jun 7, 2016, 11:09 PM

18. Sorry but this is what we've done

 

You wanted the Clintons you get their budskis too

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Response to Armstead (Reply #18)

Tue Jun 7, 2016, 11:11 PM

25. Yes, 75% of African-Americans, 60% of women, 64% of registered Democrats

 

And a strong majority of all voters.

Whiny and bitter isn't the same thing as righteous.

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Response to geek tragedy (Reply #14)

Tue Jun 7, 2016, 11:10 PM

20. Don't worry....I'll soon not give a shit and you can have your election

 

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Response to Armstead (Reply #20)

Tue Jun 7, 2016, 11:12 PM

27. you're not doing a very good job of it.

 

You can have the last word. You're clearly here to get into fights. Off to Iggy for you.

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Response to geek tragedy (Reply #14)

Tue Jun 7, 2016, 11:24 PM

36. Bet they look familiar. They're the ones you threw our way. Remember?

 

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Response to Name removed (Original post)

Tue Jun 7, 2016, 10:59 PM

3. Don't lose mad. Just lose. nt

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Response to LexVegas (Reply #3)

Tue Jun 7, 2016, 11:00 PM

4. Bernie's already done that tonight

 

He's getting walloped! I bet Hillary wins Cali by 5 to 8 pts.

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Response to Name removed (Original post)

Tue Jun 7, 2016, 11:00 PM

5. It's been a great day for the fracking industry!

 

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Response to insta8er (Reply #5)

Tue Jun 7, 2016, 11:11 PM

26. Yup

 

Oops there does another leak...I mean quake..I mean poisoned wells

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Response to Name removed (Original post)

Tue Jun 7, 2016, 11:01 PM

6. Precisely. nt

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Response to Name removed (Original post)

Tue Jun 7, 2016, 11:05 PM

8. That was unnecessary

 

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Response to Name removed (Original post)

Tue Jun 7, 2016, 11:06 PM

10. Small. nt

 

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Response to geek tragedy (Reply #10)

Tue Jun 7, 2016, 11:07 PM

15. Real

 

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Response to Armstead (Reply #15)

Tue Jun 7, 2016, 11:09 PM

19. No, just whiny, petty, bitter, small-minded, and lacking in grace.

 

Oh, I forgot smugly sanctimonious.

Go wag your fingers somewhere else.

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Response to Name removed (Original post)

Tue Jun 7, 2016, 11:06 PM

11. Investing is their business, after all.

I'm sure this one will pay off well for them.

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Response to Name removed (Original post)

Tue Jun 7, 2016, 11:08 PM

16. The consensus seems to be, let's pretend this is a victory for the people, and not big money!

Talk about delusional.

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Response to reformist2 (Reply #16)

Tue Jun 7, 2016, 11:12 PM

28. They're getting what they wished for

 


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Response to Name removed (Original post)

Tue Jun 7, 2016, 11:10 PM

21. Seven days to get it out of your system

Tick, tick, tick

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Response to brooklynite (Reply #21)


Response to brooklynite (Reply #21)

Tue Jun 7, 2016, 11:16 PM

30. How was the party. I heard it sold out.....

 

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Response to Name removed (Original post)

Tue Jun 7, 2016, 11:16 PM

31. High fives all around from

the bankers and frackers. We're screwed.

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Response to Name removed (Original post)

Tue Jun 7, 2016, 11:20 PM

32. Oligarchy!!! Oligarchy!!! Oligarchy!!!

Oligarchy!!! Oligarchy!!!--can I get an amen!!!!! let's hear it for the 1%!!!

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Response to wendylaroux (Reply #32)

Tue Jun 7, 2016, 11:23 PM

35. Plutocracy!!! Plutocracy!!! Amen

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Response to Name removed (Original post)

Tue Jun 7, 2016, 11:25 PM

37. Aww

 

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Response to workinclasszero (Reply #37)

Tue Jun 7, 2016, 11:27 PM

40. Mixed with ...

...rotten apples and bitter herbs.

If you gnash your teeth when eating it ... maybe it tastes ok.

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Response to Name removed (Original post)

Tue Jun 7, 2016, 11:25 PM

38. lol

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Response to Name removed (Original post)

Tue Jun 7, 2016, 11:27 PM

39. Sad, petty OP

 

You're a poor representative of Bernie and his ideas.

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Response to Name removed (Original post)

Tue Jun 7, 2016, 11:42 PM

43. Having to choose betwenn GS... and America' s Hitler

 

Poor America...

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