The Great Beast Lashes Out

[Crewleader]

April 14, 2009

The Great Beast Lashes Out

Why is Goldman Sachs So Scared of Mike Morgan?

By MIKE WHITNEY

Mike Morgan is a registered investment adviser and a scrappy shoot-from-the-hip guy who doesn't mince his words. Recently Morgan has come under fire from investment giant Goldman Sachs for his hard-hitting web site "Facts about Goldman Sachs". According to the U.K. Telegraph:

"Goldman Sachs is attempting to shut down a dissident blogger who is extremely critical of the investment bank, its board members and its practices. The bank has instructed Wall Street law firm Chadbourne & Parke to pursue blogger Mike Morgan, warning him in a recent cease-and-desist letter that he may face legal action if he does not close down his website.

According to Chadbourne & Parke's letter, dated April 8, the bank is rattled because the site "violates several of Goldman Sachs' intellectual property rights" and also "implies a relationship" with the bank itself.

Unsurprisingly for a man who has conjoined the bank's name with the Number of the Beast – although he jokingly points out that 666 was also the S&P500's bear-market bottom – Mr Morgan is unlikely to go down without a fight. He claims he has followed all legal requirements to own and operate the website – and that the header of the site clearly states that the content has not been approved by the bank.

On a special section of his blog entitled "Goldman Sachs vs Mike Morgan" he predicts that the fight will probably end up in court.

"It's just another example of how a bully like Goldman Sachs tries to throw their weight around," he writes." (UK Telegraph)

Morgan agreed to answer a few questions about Goldman Sachs, the TARP and the ongoing financial crisis.

http://www.counterpunch.org/whitney04142009.html

[corruptmewithpower]

1. I thought it was either the President or his car that was "the beast"

Cadillac unveils Obama's 'Beast'


http://en.wikinews.org/wiki/Cadillac_unveils_Obama's_'Beast',_the_2009_Presidential_State_Car

[Crewleader]

2. Elizabeth Warren will be on Jon Stewart April 15th

A true fighter for the Middle Class, I look forward to hearing what she has to say.


Elizabeth Warren
Chair, Congressional Oversight Panel on TARP

http://en.wikipedia.org/wiki/Elizabeth_Warren

[mike_c]

3. K & r for an interesting article....

Whitney sounds like a religious case, unfortunately, but he also has experience and perception in the financial industry.

[Tace]

4. mike: Do you mean Morgan?

I read the beginning of the interview, and it's Morgan who starts out with the bible stuff. I've never seen Whitney mention religion in his columns.

[mike_c]

5. yes, my mistake-- too late to fix it now...

...but you're right-- those were Morgan's comments about the bible and such.