Goldman Sachs is at the Very Epicenter of the International Banking Cartel on Wall Street

AIG vs. Cit Group or The Pilgrims vs. Middle America

July 17, 2009

Logistics Monster - Our lovely friends at AIC/AIG (and don’t forget Goldman Sachs) received upwards of $85 Billion dollars because they were too big to fail, yet the biggest lender to small and medium sized businesses, CIT Group who needs at least $2 Billion and upwards of a whopping $6 Billion (snark) is going to get thrown to the lions; and in this case, the lion is J.P. Morgan who just posted a $2.7 BILLION profit. CIT Group will become the 4th Largest Bankruptcy, and will more than likely take down numerous small and medium businesses with her while in bankruptcy.

What was I just saying about decimating the middle class and small businesses in this country? What was I saying about bringing America to her knees by destroying her economy so that the general population would be so demoralized they would allow a global government with the Pilgrims in charge?

Glenn Beck had an interview today with Charles Payne about just this subject; CIT Group and the really rich and powerful slamming the door on the rest of us so we will stay in our “place”. Please keep in mind that I put this video together rather quickly because all of my “go to” videographers have not thought to make this one.

Regulators were debating whether a CIT collapse would cause a cascade of failures among other businesses, the same reasoning used to justify multiple bailouts of American International Group Inc., once the world’s biggest insurer, and Citigroup, formerly the largest U.S. bank. Supporters of U.S. aid pointed to CIT’s 1 million customers who may lose funding, including 300,000 retailers. Tracy Mullin, chief executive of the National Retail Federation, said in a letter to Treasury’s Geithner that a CIT failure “cannot be allowed to happen at a time when retailers are already struggling to survive the national recession.”

CIT Group Inc., the century-old lender that hasn’t been able to persuade the government to back its debt sales, says its demise would put 760 manufacturing clients at risk of failure and “precipitate a crisis” for as many as 300,000 retailers.

A collapse would ripple across the “small and medium-sized businesses who rely on CIT to operate — to pay their vendors, ship goods to their customers and make their payroll,” the New York-based lender said in internal documents obtained by Bloomberg News that make the case for its importance to the U.S. economy. CIT spokesman Curt Ritter declined to comment on the documents.


CIT executives spoke with regulators during the past two days, according to a person familiar with the talks, after its bonds and shares tumbled on concern that the Federal Deposit Insurance Corp. won’t allow the lender into its bond-guarantee program created last year to unfreeze debt markets. CIT may default as soon as April, when a $2.1 billion credit line matures, according to Fitch Ratings.

“A CIT default would create liquidity issues for the corporate sector,” Ed Grebeck, chief executive officer of debt consulting firm Tempus Advisors in Stamford, Connecticut. “If CIT isn’t doing trade finance and lending, its customers will look to other banks for replacement and from what I’ve seen, they aren’t willing to step up.”

A failure of CIT, run by Chief Executive Officer Jeffrey Peek, would be the biggest bank collapse since regulators seized Washington Mutual Inc. in September. CIT reported $75.7 billion in assets and $68.2 billion in liabilities, including $3 billion in deposits, at the end of the first quarter.

Treasury Officials Received Millions from Goldman Sachs

October 15, 2009

Kurt Nimmo, Infowars - Disclosure forms, according to Bloomberg, reveal that Treasury Secretary Timothy Geithner’s closest aides received millions of dollars from Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms.

The henchmen include Gene Sperling, who last year took in $887,727 from Goldman Sachs and $158,000 for speeches mostly to financial companies, including the firm run by accused Ponzi scheme mastermind R. Allen Stanford. Another top aide, Lee Sachs, reported more than $3 million in salary and partnership income from Mariner Investment Group, a New York hedge fund, reports Bloomberg.

In addition to working for Goldman Sachs, Sperling is on the staff of the Council on Foreign Relations, where he serves as Senior Fellow for Economic Policy and Director of the Center on Universal Education. He is also an economic adviser for Hillary Clinton.

Sperling worked in the Clinton administration as the President’s National Economic Adviser and Director of the National Economic Council. He was tutored by bankster master criminals Larry Summers and Robert Rubin. Clinton called him “the MVP” of his Wall Street economic team.

Lee Sachs is described as Geithner’s “right-hand man handling the financial crisis.” He was on the board of directors of Bear Stearns. In 1998, he joined the Clinton administration in Rubin’s Treasury as deputy assistant secretary for government financial policy. Less than a year after getting the post, Lawrence Summers replaced Rubin as secretary and Sachs got a promotion to assistant secretary for financial markets.

“As part of Geithner’s kitchen cabinet, Sperling and Sachs wield influence behind the scenes at the Treasury Department, where they help oversee the $700 billion banking rescue and craft executive pay rules and the revamp of financial regulations,” Bloomberg continues. “Yet they haven’t faced the public scrutiny given to Senate-confirmed appointees, nor are they compelled to testify in Congress to defend or explain the Treasury’s policies.”

Goldman Sachs is at the very epicenter of the international bankster cartel on Wall Street along with Brown Brothers, Harriman, Lehman Brothers, Kuhn Loeb, Inc. J.P. Morgan, Chase and a handful of others. It is one of around a dozen or so global institutions that are allowed to purchase Bills, Bonds and Notes directly from the Treasury. It is among the top five investment banks in the world.

Goldman Sachs received billions of dollars – to be paid off by future generations of Americans – for its highly speculative credit default swaps. It was the largest single recipient of tax payer money in AIG bailout. The government had forked over $180 billion to AIG as of April of this year. The New York State Attorney General Andrew Cuomo announced in March that he was investigating whether AIG’s trading counterparties improperly received government money.

The presence of Gene Sperling and Lee Sachs in the Treasury is to say the least a conflict of interest. But then Timothy Geithner is a former chairman of the Federal Reserve Bank in New York and his predecessor, Hank Paulson, was the head of Goldman Sachs.

Goldman Sachs, the Federal Reserve, and the Treasury are basically one in the same. In July, former Reagan Treasury official Paul Craig Roberts asked: “Does the US Secretary of the Treasury work for the people or does he work for the banking system on Wall Street?” to which he replied, “He works for Goldman Sachs.”

“This bankster firm controls the economic policy of the United States,” Roberts said elsewhere.

Matt Taibbi, in his article in Rolling Stone, 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.”

Goldman Sachs the vampire squid is not finished with the American people. It will soon profit from the emerging cap and trade scam cooked up by the globalists and banksters. Dianne Feinstein and Olympia Snow have introduced a bill to make the Commodity Futures Trading Commission (CFTC) the sole regulator of the carbon market created by cap-and-trade legislation.

The current chairman of the CFTC is Gary Gensler, formerly of Goldman Sachs. Gensler had worked diligently with master criminal Alan Greenspan to protect credit default swaps from regulation. He also worked hard to deregulate electronic energy trading, allowing Enron to rip-off billions.

The mega-bankster crime syndicate is a part owner of the exchanges where carbon allowances would be traded. It has spent millions of dollars lobbying for cap-and-trade legislation in anticipation of making billions of dollars at the expense taxpayers and consumers.

The CFTC and the cap and trade scam will be the next derivatives bubble.

Goldman Sachs and its operatives in the Obama administration, the Treasury, and the Federal Reserve will be there to profit obscenely.

You’re here to pay them tribute on the road to the New Serfdom.