The People vs. Goldman Sachs - Trial and March!

The People vs. Goldman Sachs - Trial and March! Posted Nov. 3, 2011, 12:08 a.m. est On November 3rd, the People, the 99 percent, will hold A People’s Hearing of Goldman Sachs in Liberty Square Park and march on Goldman Sachs! The people will bring to justice perhaps the single most egregious perpetrator of economic fraud and corruption in the United States. The Hearing will include testimonials from individuals directly affected by Goldman’s fraudulent manipulation of financial markets, including victims of housing foreclosures, pension losses, public lay-offs and untenable student debt. The proceedings will also include expert analysis from Ralph Nader, Cornel West and Chris Hedges. Following the 99-minute hearing the people will decide on a fair and deliverable verdict via our own process of consensus-based direct democracy – and we intend to deliver it ourselves – to the headquarters of Goldman Sachs at 200 West Street, eight blocks from Liberty Square. We will ask for something our judicial and legislative systems have so far failed to deliver – the return of billions of taxpayer dollars to the 99 percent and criminal sentences for those Goldman Sachs executives who carried out the fraud. The event will be broadcast live via the Occupy Wall Street Livestream, among other public media outlets. The People’s Hearing will examine the collapse of regulations and political and economic controls that permitted Goldman Sachs to loot the U.S. Treasury. It will look at how we came to live in a country where it became impossible to vote against the interests of Goldman Sachs. It will ask why Goldman Sachs was allowed to enrich itself not only at the expense of millions of small investors but through its control of the bailouts and the regulatory process. It will demand to know why Goldman Sachs, one of the prime culprits in the destruction of the global economy, is permitted to continue to bankrupt countries such as Greece, creating massive human suffering, without oversight or control. The People’s Hearing will finally give Goldman Sach’s victims a voice. Rolling Stone columnist Matt Taibbi described Goldman Sachs as “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money." The broad outlines of Goldman Sachs’ massive fraud are well documented. It put together a collaterized debt obligation (CDO) from mortgage-backed securities that the company assumed would fail. It sold these CDOs as assets and secure investments to pension and mutual funds as well as institutions and banks while betting against them through credit default swaps (CDS). A credit default swap, or CDS, is an insurance policy where the issuer makes up a loss if an asset goes bad. Goldman Sachs, in essence, sold toxic garbage to investors and when this garbage was exposed as garbage, wiping out tens of millions of individual investors who had put away money for retirement or college, Goldman Sachs raked in money from insurers. AIG, which insured these worthless CDOs, lacked sufficient funds to pay Goldman Sachs during the financial meltdown of 2008, a meltdown that evaporated some $ 40 trillion in worldwide wealth. Goldman Sachs, with numerous former officials ensconced in the Treasury department and government, simply looted the U.S. Treasury to pay itself. And they are sitting on our money to this day. The firm has committed numerous acts of fraud that extend beyond our shores. Goldman Sachs was instrumental in helping Greek authorities hide its mounting government budget deficit by selling swaps to the Greek government in return for future revenue streams. The Greek government was able through this arrangement to mask the loan which would have raised its budget deficit above euro zone limits. The sleights of hand now threaten to see Greece go into default and could trigger a massive banking crisis through Europe. The crisis has seen the Greek government unleash draconian austerity measures that are taken out on the backs of students, the poor and the working class. Goldman Sachs is a global criminal syndicate. Goldman Sachs, while its victims suffer from foreclosures and bankruptcy, has set aside $ 10 billion in compensation and bonuses for its chief executives this year. These bonuses are being paid out even as Goldman Sachs dismissed 1,300 employees with another 1,000 employees expected to lose their jobs by the end of the year. No one is safe from our oligarchic elite, not even the underlings at Goldman Sachs. We invite the newly unemployed from Goldman Sachs to join us. The median paycheck in the United States, even while these corporate heads pulled in salaries that often equate to $ 900,000 an hour, fell by 1.2 percent to $ 26,364. The number of poor and unemployed is swelling while the number of Americans making $ 1 million or more climbed to 94,000, a 20 percent increase from 2009. Corporate profits now account for 88 percent of all income growth while wages account for 1 percent. The top one percent has, through fraud and the corporate control of the judiciary and regulatory agencies, accounted for about half of all income growth since the 1970s. How is it possible that in a democracy the bottom 99 percent sees only half of economic growth? How is it possible that the economy does not work on behalf of the 99 percent? How is it possible that financial swindlers and liars continue to run our economy and our government? Its time to bring justice to Goldman Sachs! SOURCE:

Goldman Sachs Tower, at 30 Hudson Street, in Jersey City, New Jersey.

SEC Fraud Suit Against Goldman Is a ‘Buy’ Sign:

April 26 (Bloomberg) -- Now that the Securities and Exchange Commission has unofficially declared Goldman Sachs Group Inc. to be the big bad wolf of the 2007-2009 financial crisis, what should investors do?

See link under "Crisis" for Conspiracy of the Lemmings: Barack Obama and the Radical Left's Strategy of Manufactured Crisis

http://www.businessweek.com/news/2010-04-25/sec-fraud-suit-against-goldman-is-a-buy-sign-john-dorfman.html

FYI: During 2008 Goldman Sachs received criticism for an apparent revolving door relationship, in which its employees and consultants have moved in and out of high level U.S. Government positions, creating the potential for conflicts of interest. Former Treasury Secretary Hank Paulson was a former CEO of Goldman Sachs. Additional controversy attended the selection of former Goldman Sachs lobbyist Mark Patterson as chief of staff to Treasury Secretary Timothy Geithner, despite President Barack Obama's campaign promise that he would limit the influence of lobbyists in his administration.

In 2010 Goldman Sachs was criticized for its involvement in the 2010 European sovereign debt crisis. Goldman Sachs between the years 1998-2009 has been reported to systematically help the Greek government to mask its national true debt facts.[66] In September 2009, though, Goldman Sachs among others, created a special Credit Default Swap (CDS) index for the cover of high risk national debt of Greece.[67] This led the interest-rates of Greek national bonds to a very high level, leading the Greek economy very close to bankruptcy in March 2010.

Here in is the hit for anyone who's paying attention. Look to the chart done in 1976
Chart of who "owns" the Federal Reserve
http://www.save-a-patriot.org/files/view/whofed.html

The tag team of JPMorgan as the monster and Goldman Sachs as its harlot represent a powerful pair that is more responsible for destroying the entire US financial system than 95% of the American public has any awareness. The colossus of JPMorgan is a monster, a predator, nurtured by pond scum. It has gobbled up Chase Manhattan, Manufacturers Hanover, Chemical Bank, Bank One, and more over the past two decades. Their profound presence in keeping the USTreasury Bond yields down can never be understated. They do so by managing 85% of the credit derivatives on the planet. They distorted usury prices, as in price of borrowed money, thus aggravating the LIBOR (London InterBank Offered Rate) market in a very visible manner.

JPMorgan Chase profits jump 55 percent in first quarter of 2010

While numerous financial analysts point to the soaring profits of the big banks as evidence that the economy is strengthening, a look at the numbers suggests something different. Having looted the public treasury with the aid of the Bush and Obama administrations, the banks are returning to profitability through the same parasitic practices which produced the crisis in the first place.

http://wsws.org/articles/2010/apr2010/jpmo-a16.shtml

Goldman Sachs took in $13.4 billion in profits in 2009. The persecuted Mr. Viniar earned $837,365 in 2009, and, on top of that, was handed a $9 million bonus, along with other top executives.

No wonder the idea of an audit of the Privately Owned Federal Reserve is taboo. The patience's are in charge of the asylum.

Chart 1 reveals the linear connection between the Rothschilds and the Bank of England, and the London banking houses which ultimately control the Federal Reserve Banks through their stockholdings of bank stock and their subsidiary firms in New York. The two principal Rothschild representatives in New York, J. P. Morgan Co., and Kuhn,Loeb & Co. were the firms which set up the Jekyll Island Conference at which the Federal Reserve Act was drafted, who directed the subsequent successful campaign to have the plan enacted into law by Congress, and who purchased the controlling amounts of stock in the Federal Reserve Bank of New York in 1914. These firms had their principal officers appointed to the Federal Reserve Board of Governors and the Federal Advisory Council in 1914. In 1914 a few families (blood or business related) owning controlling stock in existing banks (such as in New York City) caused those banks to purchase controlling shares in the Federal Reserve regional banks. Examination of the charts and text in the House Banking Committee Staff Report of August, 1976 and the current stockholders list of the 12 regional Federal Reserve Banks show this same family control.
http://www.save-a-patriot.org/files/view/whofed.html

Brought to you by :More DIRTY SECRETS of THE TEMPLE
http://www.globalresearch.ca/index.php?context=va&aid=2712

Again, according to our own research, just five months after Kennedy was assassinated, no more of the Series 1958 'Silver Certificates' were issued either, and they were subsequently removed from circulation. Perhaps the assassination of JFK was a warning to all future presidents not to interfere with the private Federal Reserve's control over the creation of money. It seems very apparent that President Kennedy challenged the 'powers that exist behind U.S. and world finance'. With true patriotic courage, JFK boldly faced the two most successful vehicles that have ever been used to drive up debt:

1) war (Viet Nam); and,

2) the creation of money by a privately owned central bank. His efforts to have all U.S. troops out of Vietnam by 1965 combined with Executive Order 11110 would have destroyed the profits and control of the private Federal Reserve Bank. SOURCE:

http://johnmccarthy90066.tripod.com/id808.html