Posts tagged SACHS
On October seventeenth (O17), a group of about 10 occupiers gathered outside 15 Central Park West, the address of Goldman Sachs CEO Lloyd Blankfein’s multi-million dollar condo. Occupy Goldman Sachs was born. In the model of sleepful protests, they set up camp across from the building’s main gate. They brought sleeping bags, signs, food, cameras…and have not left the area since.
It’s now been over 40 days, and they are going strong. They have bounced around the building, to keep the NYPD on their toes and avoid bad weather. Arrests have been minimal and outreach has been phenomenal. The support from the neighborhood has been extremely positive, people are constantly stopping by with words of support and encouragement.
They decided as a unit to hold the space through Hurricane Sandy, and immediately after, people from the site were out in the many areas affected by the storm doing relief work. The site now doubles as an Occupy Sandy info hub, providing information on how to volunteer and donate to the high levels of foot traffic. The main location is at the corner of 61st St. and Broadway, deliciously across from a Chase Bank.
The case against Goldman Sachs is as simple as it is complex. The firm engages in practices we have not yet outlawed, but should. As Matt Taibbi wrote, “They [aren't] murderers or anything; they [have] merely stolen more money than most people can rationally conceive of, from their own customers, in a few blinks of an eye.” They place their former officials at the highest levels of financial power in positions around the globe, making it easier for them to sway politicians and influence policy. Just this week it was announced that a former investment banker from the firm will head the Bank of England. Mark Carney is the same man who, in 1998 led efforts to advise the Russian government on its economic recovery while his firm, Goldman Sachs, placed financial bets on the failure of the Russian economy
They lobby Congress to bail them out with taxpayer dollars, while having a major stake within the Federal Reserve. Currently, they are funding lobbying to slash and burn all social safety nets, all public resources, and all means in which we care for our communities.They sell complicated derivative products to their clients, products they often gamble against to always guarantee an upper hand. The Managing Directors and Partners of Goldman Sachs contribute millions to the major political parties, guaranteeing them an audience in the White House, no matter who wins. The CEO, Lloyd Blankfein, has become one of a few select spokespeople for the dominant corrupt corporate culture, and that was evident as he took the stand in 2010 in front of a Senate Subcommittee to defend himself from the grilling questions of multiple Senators. Despite the recommendation from Senators Carl Levin (D-MI) and Tom Coburn (R-OK) to the Department of Justice, for Goldman Sachs to be investigated and prosecuted for financial crimes, the firm remains unexamined and unregulated.
It is imperative for people to speak up and speak out against the pervasive corruption of our global economy at the hands of Goldman Sachs. We seek to expand the concept to cities where Goldman has tentacles/offices. We hope to see OGS London, OGS Boston, OGS Madrid and all the rest. We face a global epidemic of poverty, homelessness, and war, while Goldman Sachs lobbies to pocket $ 134 billion in resources from the countries in which they work.
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Source: abcnews.go.com – Saturday, October 13, 2012
Goldman Sachs employees may not be so happy with President Obama and has tough rhetoric about Wall Street and it's showing in the latest campaign finance figures.
|All Related | More on Obama|
Capital Markets Über Alles: What Mitt Romney’s Economic Advisor, Goldman Sachs (And The NY Fed) Really Think
Source: www.zerohedge.com – Wednesday, August 22, 2012
When it comes to Glenn Hubbard, the man needs no introduction, at least to those who have watched the Charles Ferguson seminal movie 'Inside Job.' Indeed, the extensive connections of the Dean of the Columbia school of business to the financial industry is well known, a fact which served as the basis of Ferguson's question: just how corrupt is America's elite educational establishment, and just how much of a factor in the perpetuation of the status quo is Wall Street's puppet control over each generation of rising financial and economic thinkers. For those who are unaware, Hubbard also happens to be presidential candidate Mitt Romney's top economic advisor. The reason why Hubbard has suddenly made the headlines, is because of his overnight statement that contrary to what the potential future president has said, namely that Bernanke's days would be numbered under a Romney presidency, and that the Fed would be audited, Glenn has taken the other side of this argument, and told Reuters that Bernanke should "get every consideration" to stay beyond January 2014, when Ben's term expires. But why? Well, for the answer to this particular question, we have to go back to that long ago year 2004, when Glenn Hubbard together with current Fed president, and former chief Goldman chief economist Bill Dudley, authored a white paper bearing the Goldman sachs logo, titled " How Capital Markets Enhance Economic Performance and Facilitate Job Creatio
Source: www.businessinsider.com – Thursday, August 02, 2012
The most recent US data has been somewhat mixed. Not good enough to instill confidence in the recovery, but not quite bad enough to push the Fed into action . The optimism of the first part of this year has been tempered by the summer slowdown. Goldman Sachs economist Sven Jari Stehn is of the opinion that we'll see a 'moderate reacceleration' in growth during the next quarter. He thinks it will come from these five macro factors: Acceleration in consumer spending An ongoing housing recovery Expanding industrial activity Steady, if slow, employment growth Continued disinflation Here's a table of what that data has looked like, and where Goldman sees it going: Don't miss: The 50 Stocks Hedge Funds Love The Most Please follow Money Game on Twitter and Facebook . Join the conversation about this story »
A very special message from OccupyWallSt.Org: We have just received confirmation from highly-reputable sources that everyone´s favorite investment bank, Goldman Sachs, has entered into the race for the U.S. Presidency! We are proud to be the first site to break this story, and we hereby announce our support for this first-of-a-kind U.S. Presidential bid. We are passing along some useful campaign information to help our supporters get the word out. Goldman Sachs 2012!
“THE CAPITAL4CAPITOL CAMPAIGN”
WE DON’T NEED YOUR MONEY: WE ALREADY HAVE IT
Corporations are people and should be allowed to hold public office. Goldman Sachs has been functioning as the de facto Commander-in-Chief for years. HELP US MAKE IT OFFICIAL!
QUALIFICATIONS AND EXPERIENCE:
The Goldman Sachs Group, Inc. is a leading global investment banking, securities, and investment management firm. “We provide a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments, and high-net-worth individuals.” Shorthand? All the big players in international politics already know and rely upon us as a part of our network.
Goldman Sachs – “a full-service global investment banking and securities firm” – has proven business acumen, international relations expertise, and knowledge of security. We will leverage our network to further the goals of humanity, through the prospects offered by corporate globalization and totally deregulated markets. We have a proven track record of success. Our friends in Europe already function as the de facto governments, and just look at the wonders they´ve done for Spain, Greece, and Ireland!
Here are just a few of our key strengths that will make us the greatest President in U.S. History.
STRONG BUSINESS BACKGROUND – WHILE OTHERS FAIL WE GUARANTEE SUCCESS:
Goldman Sachs generated $ 4 BILLION in profit from the sub-prime mortgage collapse thanks to two enterprising bankers, visionaries who bet the market would collapse. Anonymous sources even credit them with transactions that led to the collapse. (Later they paid a $ 550 million dollar fine for alleged misdeeds leading to the collapse : net profit $ 4Billion – fine $ 550Million = pure profit $ 3.45BILLION.)
Talk about making it work! We know how to make money, and let’s be honest, what is more American than money?
FOREIGN POLICY EXPERIENCE – WHILE OTHERS PLAY IT SAFE: WE PLAY TO WIN!
Goldman Sachs’ current focus is “growth markets” which are “the world’s most dynamic and fast-growing economies” and those offering “the potential for significant growth in the coming decades”, such as India and Brazil.
Translation? Since people in America no longer have enough money to make us richer (because we’ve already taken it all), people in the global economy still have access to money that can make this country once again GREAT. After all, that’s how we made money the first time. WE CAN EXPORT OUR DEBT: PAVING OUR STREETS IN GOLD.
For more on our cutting-edge approach on international relations, follow our new Twitter campaigns: #brownpeoplewillonceagainmakeusrich and #colonialism2012!
UNWAVERING COMMITMENT TO SECURITY – WE’RE WEALTH EXTREMISTS:
Managing wealth is a risky endeavor particularly when much of it is made off of weapons sales. The answer? We need more guns and bombs than they have. Security is of the highest import. Generating wealth is not easy, managing it – harder, protecting it – invaluable! It’s lonely on top and everyone else (Prudential, JP MORGAN, Saudi-owned CITIBANK) wants to be there.
To protect our profits, security is a must. That´s why Goldman Sachs is the world’s top ranking SECURITIES FIRM!
(re)ELECT Goldman SACHS: it’s the only way to get our country out of debt and achieve the American Dream. Restore Opportunity! Restore Prosperity! Restore Security!
GOLDMAN SACHS FOR PRESIDENT because we all know CAPITAL = CAPITOL. WE ALREADY HAVE YOUR MONEY – WE JUST NEED YOUR SUPPORT.
Source: www.macrumors.com – Tuesday, February 14, 2012
Apple CEO Tim Cook Speaks at Goldman Sachs Technology Conference
Apple CEO Tim Cook Speaks at Goldman Sachs Technology Conference
Source: www.apple.com – Tuesday, February 14, 2012
Technology and Internet Conference 2012
Live: Apple CEO Tim Cook speaks at Goldman Sachs tech conference
Source: buysellgoldprices.com – Monday, November 14, 2011
By Francesca Freeman (Adds serve detail, comment) LONDON (MarketWatch) — Investment bank Goldman Sachs /quotes/zigman/188479 /quotes/nls/gs …… Read the Full Article at: http://www.marketwatch.com/story/goldman-sachs-ups-gold-silver-price-forecasts-2011-11-14
Source: thinkprogress.org – Saturday, October 22, 2011
Earlier this month, the Lower East Side People’s Federal Credit Union in New York City held a fundraiser to celebrate its 25th anniversary. It just so happened that this the credit union many of the protesters at Occupy Wall Street (OWS) were using to store funds — and the protest group became an honoree at the dinner. When Goldman Sachs found out that OWS would be at the dinner, it pulled out of the event, along with its $ 5,000 donation. Despite the threat from the mega-bank to pull its money if OWS would be honored, event organizers decided to go ahead anyway. “”Their money was welcome, but not at the price of giving up what we believe in,” said Pablo DeFilippi, associate director of member development at the National Federal of Community Development Credit Unions. “We lost their $ 5,000, but we have our principles.”
Source: pajamasmedia.com – Wednesday, October 19, 2011
PRESIDENT GOLDMAN SACHS: Obama Has More Cash From Wall Street Than All GOP Hopefuls Combined. “Obama has brought in more money from employees of banks, hedge funds and other financial service companies than all of the GOP candidates combined, according to a Washington Post analysis of contribution data.”