Flight over a Nest of the Corrupt (Goldman Sachs Act I)

Despite the rumors we hear in the international press, Pierre teaches us in International Press Review of P.Jovanovic

FLIGHT OVER A CORRUPT NEST (Goldman Sachs Act I)
the 19 21 April 2010 the : As usual, almost all of the French economic press missed the real media bomb that was defused last Friday when everyone went to Goldman Sachs. Here's what happened: a 159-page official SEC report signed by Inspector General David Kotz established that the same SEC alumni :-) actually knew that the banker Stanford was running a pyramid scam 8 billion with its investment funds since... stay seated... 1997!!! Yes, the Stanford billionaire, the one who said "it's good to be a billionaire“on CNBC.”The Securities and Exchange Commission knew that Allen Stanford was involved in a Ponzi scheme as far back as 1997". What the inspector says is dramatic "the scheme was able to continue for so long due to "institutional influences" within the SEC, and the agency's desire to chase after slam-dunk cases". Stanford even got help from a senior SEC official... Arghhh Help... Help. If you don't believe me, then read this press release from the... SEC. It's beautiful. These Americans are big kids. Read also CNBC.

The publication of this nuclear and devastating report, and its replay on all the televisions of the planet, would have forever discredited Washington, Obama and the US, not to mention the SEC which had already turned a blind eye to Madoff. This would have been the 2nd mega case and would have proven the total corruption of Wall Street and especially of the SEC police and the political class. In disaster therefore, the SEC lit a giant firefight by summoning Goldman Sachs and the man who designed the toxic CDS based on the fall of the consumer real estate market, John Paulson of Paulson Inc, before the courts for a 1 billion fraud. CDS, let us recall, sold with enthusiasm all over the world by Goldman Sachs. So, that's the real reason SEC cops gave Gretchen the Goldman Sachs file to the New York Times. The Wall Street Journal reporters missed it completely. The fire took all the better that it is about Goldman Sachs. NOTE THAT IT IS NOT BLANKFEIN WHO IS ACCUSED BUT THE FRENCH PATRICK TOURRE (link on Copains d'avant): ""Tourre and Goldman Sachs are responsible for the false impression (by a deceived investor) that Paulson was betting up, rather than down," the SEC charged.". In this regard, ask yourself why it took 2 and a half years for the SEC to file a lawsuit when everyone knows that the bank bet on the fall of the subprime? In short... while GS is going to be burnt at the stake of the media, the SEC, it miraculously comes out of it without a giant scandal. Magnificent. And know that if Goldman Sachs does not risk much, apart from paying a few million, Paulson, he almost risks the electric chair since the media already designate him as the great responsible.Yet he distributed a large part of his fortune to associations and to over-indebted people, because he was a little disgusted with the way he earned his money.

Small detail: do you know who the people of the SEC are? "Financial" you are going to answer me. Or "financial police officers". Mistake: they are all lawyers, unable to understand anything about the ultra complex financial arrangements of Wall Street. It was a decision of Washington in order to leave the schemers alone. Excellent, no? I wonder why they don't didn't put butchers there... Press review by Pierre Jovanovic © www.jovanovic.com 2008-2010