Goldman Sachs, Welfare Queen

why are the republicans coming out now with a budget plan. i can't wait to see what organizations are going to profit through this, especially with carl rove by their side.
one more thing, i'm tired of hearing about what our children are going to be paying. they will be just fine, just like we did after the last depression.

The government will eventually own all the banks, which is the intended outcome anyway.
The wonder and the beauty of the whole thing is that they got you to buy into the banks that you already supposedly own. And we keep buying them over and over.

The system knows us sheeple are stupid, lazy and Gullible.
We are on the front porch dwelling on about how they are stealing the $165mil front step while they are in inside looting the whole house.

So let's see, Rubin came from Goldman, Paulson came from Goldman, Josh Bolton came from Goldman, Geithner came from Goldman....hmmmm.... do you see a pattern here? Sounds like a fox tag team watching the hen house to me. How can we possibly trust these people to do right by the little guy? When they start giving up their millions and millions to replenish the working mans 401ks and pension funds, I may believe they're intentions are good, short of that this is just another handout of free money to their friends.

Goldman has known where to find the gold better than anyone else on Wall Street for decades.The biggest gold mine in the world is located in Washington. The most lucrative commodity market is not metals, or grain, or oil: it is Congressmen. Goldman has bought into this market in a big way, and it has really paid off. No matter which way the political winds blow, that wind blows money into Goldman accounts. Hey, they bought low and bought enough to control the market. Their employees in Congress will never fail to pay off. Goldman knows how to operate a gold mine.

The Goldman bailout was the product of Henry Paulson. Are the Republicans assuming any responsibility for it? I don't think so.
It's time to force the billionaire class to pay up. We need to slap an emergency surtax on all incomes over $ 500 million dollars. We also need to eliminate all the tax breaks the rich have been enjoying, including the inheritance tax breaks. (Meghan McCain, for example, could get a job.) We need much stricter regulations and transparency on banks that apply for bailout money - better, a temporary government take over. The top brass of banks getting bailout funds, should give the government a lien on all their personal property. If they mess up, then that property becomes US property.
WE need strict regulations to prevent further catastrophes.

For years the poor have also been getting their fair share from the tax firehose - more than half of all BABIES born in US are paid by the government = TAX PAYERS - and many of the babies mothers then also get ongoing annual support from the government. BOth CORPORATE and this Pregnancy LOOPHOLES need be closed (unlimited births being paid for as well as no cap on the number of children the mother then gets support for)


While we're at STOP all Federal and State Pension plans - employees and politicians(don't freeze them actually pay out current cash values) and strat 401k's/403b's, raise the health plan deductible for Government plans to $1000, make government employees pay 50% of the cost to insure their dependents for health insurance, reduce the government non law enforcment areas by 10%, and CUT taxes to the average middle class person !

Corporate Welfare Bums

Yet another sign of how the idiots in Washington are running this country. I don't fault GS at all, how can you. If someone wanted to give me a free lunch I wouldn't rurn it down either. The only thing that will put us back on course is a worsening depression that really gets people upset--then perhaps we can have another revolution--may sound crazy but how else could we throw them all out--starting over with people that really care about their country more than their political careers is the only thing that will fix it. The republicans and the democrats are no different with the only exception being who is putting the money in their pockets and keeping them in office. When will Americans wake up and demand change--real change.

Does anyone know how much Abby Joseph Cohen made last year? At least she hasn't been showing her ugly face on Cnbc...she finally doesn't have anything left to say. Her predictions have been so wrong. They actually pay these people?

Another example of how Goldman Sachs may be profiting at taxpayer expense: an articles in the Nov. 21, 2008 issue of Business Week titled ???The Subprime Wolves Are Back???, described the new game is FHA-backed loans, and it could end up costing taxpayers tons more, there was a description of how Goldman Sachs may be participating in this game. The article stated that ???In April 2007, Goldman Sachs (GS) purchased a controlling stake in Senderra Funding, a former subprime lender in Fort Mill, S.C. Goldman, which has received $10 billion in direct federal rescue money, converted Senderra into an FHA lender and refinance organization. The strategy appears likely to produce hefty margins. In September, Goldman paid 63¢ on the dollar in a $760 million deal with Equity One (EQY), a unit of Banco Popular (BPOP), for a batch of subprime mortgage and auto loans. Through Senderra, Goldman plans to refinance at least some of the mortgages into FHA-backed loans. Because of the government guarantee, it can then sell those loans to other financial firms for as much as 90¢ on the dollar, according to people familiar with the mortgage market. That's a profit margin of more than 40%.???

Has anyone noticed that Abby Joseph Cohen hasn't been seen on cnbc lately? Her and Maria Bartiromo were so chummy, chummy when she gave those interviews. I think that Cohen should give back all her income and bonuses especially since her predictions were so bad....
Just another loser that was always allowed to come on CNBC and push her own agenda!! I think that Maria Bartiromo has interviewed more losers than anyone else on CNBC or anywhere else for that matter.

Oh yes, it was H.P who engineered the Bank of America deal requiring a bankrupt entity (Merill) to get 2/3 of the value of the viable entity (Bank of America) they used the Sept value to give a proportionate price but that was total B---S--- because they (Merrill) would have never had to run to the arms of the cash cow Bank of America if they weren't headed for insolvency!!! I can't even believe that the shareholders are not insisting on the undoing of this crooked deal!!!!! After listening to Ken Lewis, i think he bought into the mantra that was fed to him "u have to buy Merrill or you alone will cause the end of the world as we know it!" So, it seems to me, all fingers are pointing back to the bully taylors that gave the emperor (AMERICA) the clothes that turn out to be NO CLOTHES!!! DOESN'T THE JUSTICE DEPARTMENT NEED TO LOOK AT THIS?

The democrat president, the democrat controlled congress, and the republican minority have been playing the political game of taking care of their special interest groups for so long that they have no idea of how to deal with the realities of this economic crises we are currently in. Their bail-out plans, their stimulus plan, and their budget plan, is proof of how out of touch they really are.
So, let me explain how our American economy works. Part A, we (the American people) by products from people who make products. When we (the American people) don't have money we can't buy products. So, it really doesn't matter how much money you give to banks, auto companies, or any other businesses if we (the American people) can't afford their products. Part B, high interest rates (like high taxes) drastically reduces our (we the American people) spending. As hard as it might seem to credit card companies by having a lower interest rate people would be able to pay more towards their debt, likewise, it is hard for some in our government (not we the American people) to understand that by lowering taxes will actually create for the government more money. Part C. Government funded projects (shovel ready and infrastructure projects) will not create permanent jobs. The US government is already the biggest employer in America and it has never been profitable, making it bigger won't make it better or profitable. The money we give the government, in the form of taxes, is completely mismanaged to the continuous detriment of our economy. It won't cost trillions of dollars. Naturally, democrats and republicans won't like it because trillions of your dollars won't be going into the pockets of their special interest groups. In my stimulus plan I would enact what I call the ???Fair Interest Act???. The ???Fair Interest Act??? is the maximum amount of interest that can be charged for the following; on home loans, on credit cards, on mortgage loans, on personal loans???4.0%, student loans ???2.0%, and other type loan rates will be announced. The FIA will exist for the next three years (or longer). As people start making big dents into their debts they will have more disposable income. They will be more inclined to spend that disposable income because of an absence of high interest rate fear. All homeowners can refinance their existing mortgage. The way this refinancing package would work is like this; 35 years at 4% plus the first 5 years goes towards principle. I would place caps on fuel. A $1.00 cap on jet fuel, a $1.00 cap on diesel fuel, and a $1.25 cap on regular unleaded. This is temporary, at least for three years. This will allow businesses to reduce consumer cost and free up more disposable income for consumers to spend. I would also reduce all corporate taxes to 10% for the next three years I would reduce all small businesses taxes to 5% for the next three years. I would suspend any B2USB taxes for the next three years. There are no deductions for any businesses

I understand that Goldman wanted to cancel the results of the last election and install Hank Paulson as President.

read this article....
http://network.nationalpost.com/np/blogs/fpcomment/archive/2009/03/19/terence-corcoran-is-this-the-end-of-america.aspx

here is a little taste for ya:
"Reform of health care, environmental policy, education, energy, banking, regulation ??? every nook and cranny of the U.S. economy has been put on alert for major change. Expansion of government spending, plunging the U.S. into unprecedented deficits, is without parallel. In economic policy, through regulation and control of energy output, financial services and monetary expansion, the U.S. government has embarked on a fundamental reshaping of America. It is designed, in short, to bring on the end of America."

look up henry paulson ceo of goldmand sachs and net capital rule he changed in 2004.