How Goldman Sachs Screwed Its Investors

Good little tutorial about how Goldman Sachs created mortgage based investments for its clients which were designed to fail. They then bought insurance that paid Goldman Sachs if the people defaulted on their mortgages. Its amazes to me how people can lie, cheat and steal on such a grand scale.

How Wall Street Raped And Pillaged

This is a must read. How wall street execs screwed a small town and now everyone in the town has to pay for their greed.

"[Lisa] Pack got rudely introduced to life in post-crisis America last August, when word came down that she and 1,000 of her fellow public employees would have to take a little unpaid vacation for a while. The county, it turned out, was more than $5 billion in debt — meaning that courthouses, jails and sheriff's precincts had to be closed so that Wall Street banks could be paid."

You later learn, her livelihood was severely affected by the greed of corrupt politicians and lies of JP Morgan. The bank also bribed other banks to leave the county alone because they wanted to rape it for themselves then leaving once the poop hit the fan.

This whole deal reminds me of the Dr. Seuss book The Lorax.

SEC Charges Goldman Sachs With Fraud

The SEC has charged one of the bigger firms to almost bring down our economy with fraud. The nuts and bolts are:

"...which claims the bank created and sold a mortgage investment that was secretly devised to fail. The move marks the first time that regulators have taken action against a Wall Street deal that helped investors capitalize on the collapse of the housing market."

The companies who profited from selling something designed to fail is very angering. These guys need to be heavily fined. These things cannot happen again.

Taxes Lowest In 60 Years

Why isn't this being talked about more. Again, dem messaging sucks!!

Obama Extends Gay Rights To Hospital Visits

While I feel sometimes Obama is all over the place. (Passing health care then a week later, opening up offshore drilling.) This is the direction the country needs to keep moving.

"President Obama on Thursday ordered his health secretary to issue new rules aimed at granting hospital visiting rights to same-sex partners."

While he can't change the laws now, this is the process to make gay rights the norm.

GOP Against Wall Street Reform After Meeting With Wall Street

Well, this looks just totally shady.

"As a financial reform bill starts to take shape in Washington, two key lawmakers came to New York City last week to explain what it means for Wall Street, and how financial executives might help prevent some of its least market-friendly aspects from becoming law by electing more Republicans, FOX Business Network has learned.

About 25 Wall Street executives, many of them hedge fund managers, sat down for a private meeting Thursday afternoon with two of the most powerful Republican lawmakers in Congress: Senate minority leader Mitch McConnell of Kentucky, and John Cornyn, the senior senator from Texas who runs the National Republican Senatorial Committee, one of the primary fundraising arms of the Republican Party."

It blows my mind to think the GOP goes to the corporate executives, solicites their money, then comes out against the legislation that would prevent another deep recession. The same one we are just recovering from now.

They make me sick!!