McClatchy: How Goldman secretly bet on the U.S. housing crash

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Monday, Nov 2nd, 2009

In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting.

Goldman’s sales and its clandestine wagers, completed at the brink of the housing market meltdown, enabled the nation’s premier investment bank to pass most of its potential losses to others before a flood of mortgage defaults staggered the U.S. and global economies.

NOTE: Because McClatchy does not use an easily sharable video service such as YouTube, I have uploaded their video here in order to drive traffic to their story, because it’s an important one.

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8 Responses to “McClatchy: How Goldman secretly bet on the U.S. housing crash”

Bray Says:
November 2nd, 2009 at 6:14 am
http://www.KeepTheTruthAlive.com
Andrew Says:
November 2nd, 2009 at 6:41 am
Well what a complete surprise that is, NOT.

That is NOTHING LESS THAN ‘EXTORTION’.

gin soaked hack Reply:
November 2nd, 2009 at 1:31 pm
The surprise is that this was reported by a mainstream media outlet. Now that IS a surprise, and a pleasant one at that. The peoples are finally realising something is up.
moose Says:
November 2nd, 2009 at 6:44 am
Now selling carbon credits at rob-you-blind.com

MayTag Man Reply:
November 2nd, 2009 at 2:21 pm
Imagine if only we had some sort of Federal Bureau of Investigations that could investigate and with the Justice Dept prosecute white collar criminals.

Instead we storm compounds and chase polygamists and gram-pa and gram-ma tax resisters.
Or kids down loading crappy music.
123 Says:
November 2nd, 2009 at 9:52 am
Who Controls Goldman Sachs?

Executive Officers:
Lloyd C. Blankfein(Jew) – Chairman of the Board and Chief Executive Officer
Gary D. Cohn(Jew) – President and Chief Operating Officer
John S. Weinberg(Jew) – Vice Chairman
J. Michael Evans(White European) – Vice Chairman
Michael S. Sherwood(White European) – Vice Chairman
David A. Viniar(Jew) – Executive Vice President and Chief Financial Officer
Gregory K. Palm(White European) – Executive Vice President, General Counsel and Secretary of the Corporation
Esta E. Stecher(Jew) – Executive Vice President, General Counsel and Secretary of the Corporation
Alan M. Cohen(Jew) – Executive Vice President and Global Head of Compliance

Board of Directors:
Lloyd C. Blankfein(Jew) – Chairman and Chief Executive Officer
Gary D. Cohn(Jew) – President and Chief Operating Officer
John H. Bryan(White European) – Director
Claes Dahlbäck(Jew) – Director
Stephen Friedman(Jew) – Director
William W. George(White European) – Director
Rajat K. Gupta(Indian) – Director
James A. Johnson(Jew Wife: Maxine Isaacs) – Director
Lois D. Juliber(Jew) – Director
Lakshmi N. Mittal(Indian) – Director
James J. Schiro(Jew) – Director
Ruth J. Simmons(Black) – Director

Management Committee:
Lloyd C. Blankfein(Jew)
Gary D. Cohn(Jew)
John S. Weinberg(Jew)
J. Michael Evans(White European)
Michael S. Sherwood(White European)
Kevin W. Kennedy(White European)
Richard A. Friedman(Jew)
Timothy J. O’Neill(White European)
Gregory K. Palm(White European)
Masanori Mochida(Japanese)
David A. Viniar(Jew)
Christopher A. Cole(Jew)
Esta E. Stecher(Jew)
David B. Heller(Jew)
Marc A. Spilker(Jew)
Richard J. Gnodde(Jew)
Richard M. Ruzika(Jew)
Yoel Zaoui(Jew)
Gordon E. Dyal(White European)
David M. Solomon(Jew)
Edith W. Cooper(Mulatto)
Isabelle Ealet(White European)
Edward K. Eisler(Jew)
Gwen R. Libstag(Jew)
John F.W. Rogers(White European)
Pablo J. Salame(Arab)
Donald R. Mullen(White European)
Harvey M. Schwartz(Jew)
Alan M. Cohen(Jew)

Of the nine(9) Goldman Sachs executive officers, six(6) are Jews. This is a numerical representation of 67%. Of the twelve(12) members of the Goldman Sachs board of directors, seven(7) are Jews or have Jewish spouses. This is a numerical representation of 58%. Of the twenty-nine(29) members of the Goldman Sachs management committee, seventeen(17) are Jews. This is a numerical representation of 59%.

Jews are approximately 2% of the United States population. This means that Jews are over-represented among the Goldman Sachs executive officers by a factor of 33.5 times, or 3,350 percent, over-represented on the Goldman Sachs board of directors by a factor of 29 times, or 2,900 percent, and over-represented on the Goldman Sachs management committee by a factor of 29.5 times, or 2,950 percent.

This extreme numerical over-representation of Jews among the Goldman Sachs executive officers, board of directors, and management committee cannot be explained away as a coincidence or as the result of mere random chance. You must ask yourself how such an incredibly small and extremely unrepresentative minority ethnic group that only represents 2% of the American population could so completely dominate the world’s most powerful and influential investment bank.
truthseeker Says:
November 2nd, 2009 at 1:17 pm
Easy answer to 123:

Jews dominate because they are the most racist bunch on the planet! Once they get in control of something everyone else is cast out and replaced by their fellow jews. They stick together like peanut butter. They are an arrogant people who feel they are privileged and destined to rule the earth. God is going to have a hard time finding 144,000 jews who are worthy of being saints.
truther Says:
November 2nd, 2009 at 6:40 pm
I have an urgent message for you, more important than any message you can hear. God is Holy and cannot accept sin(honor thy mother and father…, thou shall not kill, thou shall not commit adultery, thou shall not steal, thou shall not bear false witness against thy neighbor, thou shall not covet..etc…Exodus 20:12-17). Here are some verses that show examples of sin:

“Ye have heard that it was said of them of old time, Thou shalt not kill; and whosoever shall kill shall be in danger of the judgment: But I say unto you, That whosoever is angry with his brother without a cause shall be in danger of the judgment: and whosoever shall say to his brother, Raca, shall be in danger of the council: but whosoever shall say, Thou fool, shall be in danger of hell fire.” Matthew 5:21-22

“Ye have heard that it was said by them of old time, Thou shalt not commit adultery: But I say unto you, That whosoever looketh on a woman to lust after her hath committed adultery with her already in his heart.” Matthew 5:27-28

“It hath been said, Whosoever shall put away his wife, let him give her a writing of divorcement: But I say unto you, That whosoever shall put away his wife, saving for the cause of fornication, causeth her to commit adultery: and whosoever shall marry her that is divorced committeth adultery.” Matthew 5:31-32

“For ALL have sinned, and come short of the glory of God;” Romans 3:23. Your good deeds cannot cover up your bad deeds.

“But we are all as an unclean thing, and all our righteousnesses are as filthy rags; and we all do fade as a leaf; and our iniquities, like the wind, have taken us away.” Isaiah 64:6

“As it is written, There is none righteous, no, not one: There is none that understandeth, there is none that seeketh after God. They are all gone out of the way, they are together become unprofitable; there is none that doeth good, no, not one.” Romans 3:10-12

You could be perfect in all the law and stumble at one point and it is as if you broke all of them:

“For whosoever shall keep the whole law, and yet offend in one point, he is guilty of all.” James 2:10

“Therefore to him that knoweth to do good, and doeth it not, to him it is sin.” James 4:17

God wrote the law on each man’s heart so they are without excuse on judgment day when we will ALL stand before Christ(”Which shew the work of the law written in their hearts, their conscience also bearing witness, and their thoughts the mean while accusing or else excusing one another” Romans 2:15). The penalty of sin is death and eternal punishment in the LAKE OF FIRE. I am warning you about hell because I love you! You are dead in your sins and headed for hell which is described in the Word as a FIRE THAT QUENCHES NOT(”…the fire is not quenched” Mark 9:44). It is a horrible and terrible place of everlasting torment that people will go because of their sins.

“And it came to pass, that the beggar died, and was carried by the angels into Abraham’s bosom: the rich man also died, and was buried; And in hell he lift up his eyes, being in torments, and seeth Abraham afar off, and Lazarus in his bosom. And he cried and said, Father Abraham, have mercy on me, and send Lazarus, that he may dip the tip of his finger in water, and cool my tongue; for I am tormented in this flame.” Luke 16:22-24

“In flaming fire taking vengeance on them that know not God, and that obey not the gospel of our Lord Jesus Christ: Who shall be punished with everlasting destruction from the presence of the Lord, and from the glory of his power;” 2 Thessalonians 1:8-9

But God has provided a way for each to escape the lake of fire. He sent his Son Jesus(God manifest in the flesh-1 Timothy 3:16) who was conceived by a virgin by the Holy Spirit of God,lived a sinless life, and suffered a horrible death/shed blood and rose again 3 days later to take the penalty of YOUR sins so you dont have to pay for them in hell for eternity! He loved you so much which is why he did it! He is the only one to have fufilled the law perfectly(sinless) and paid the price of the entire world’s sins so that man could be saved on the merits of His perfection(see Romans 5:19). All you must do to be saved is BELIEVE in Him(trust in Him to save you as a sinner). You must admit your lost sinful condition to Him/that you’re worthy of hell, and ask Him to save you by placing complete trust in Jesus ALONE for salvation(an example in the Word of someone doing this- “And the publican, standing afar off, would not lift up so much as his eyes unto heaven, but smote upon his breast, saying, God be merciful to me a sinner.” Luke 18:13).It is not even partly by yourselves that you can be saved, but only by the merits of Jesus Christ!

“For God so loved the world, He sent his only Begotten Son, that whosoever believeth in Him shall not perish, but have everlasting life” John 3:16.

“And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world” 1 John 2:2

“…Unto him that loved us, and washed us from our sins in his own blood,” Revelation 1:5

“For I delivered unto you first of all that which I also received, how that Christ died for our sins according to the scriptures; And that he was buried, and that he rose again the third day according to the scriptures:” 1 Corinthians 15:3-4

“Then he called for a light, and sprang in, and came trembling, and fell down before Paul and Silas, And brought them out, and said, Sirs, what must I do to be saved? And they said, Believe on the Lord Jesus Christ, and thou shalt be saved, and thy house.” Acts 16:29-31

“But to him that worketh not, but believeth on him that justifieth the ungodly, his faith is counted for righteousness.” Romans 4:5

“That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” Romans 10:9-10

No works or anything you do can save you! May God open your eyes, that one day I may see you in heaven. Read the Word of God(the 1611 King James version- NOT the modern versions, they are corrupt) before rejecting it! Death is fleeting. You may NOT have tomorrow! For death comes when we least expect it! Make sure you are saved TODAY! The Bible condemns the rich, the wealthy, and those who take advantage of the poor, so it CANNOT have been made up by the elite. Because the Word clearly CONDEMNS people such as those! It declares all mankind as sinners(myself included).

I am a Christian, and love you enough to warn you of the dangers of hell. Beware, the Roman catholic church is NOT Christian! The church CANNOT save you but only Christ! Just because someone says they are a Christian does not necessarily mean they are one(remember the crusades in history? Many were murdered in the name of Christianity. These were no Christians at all by their testimony). Please email me to inquire more. I would be glad to help you out in your search for truth!(my email- livingwaters705@hotmail.com)…To those who slander/mock me, I pray for you and love you anyways and hope you will trust Christ before its too late!

I call upon my fellow Christians on here to return hate posts with love and blessings. The Lord commands us to love them:

“Ye have heard that it hath been said, Thou shalt love thy neighbour, and hate thine enemy. But I say unto you, Love your enemies, bless them that curse you, do good to them that hate you, and pray for them which despitefully use you, and persecute you; That ye may be the children of your Father which is in heaven: for he maketh his sun to rise on the evil and on the good, and sendeth rain on the just and on the unjust.” Matthew 5:43-45

Salvation is not found in good works, rituals, church, the pope, water baptism, good lives, etc….But ONLY found by faith in Jesus Christ the Savior!

If you need prayer or anything, just let me know! I would be glad to help! I love and care for you, and I have prayed that every person that reads this who do not know the Lord, would one day turn to Christ in faith for salvation for their sins. I beg you to turn to Christ in faith before it is too late! You get ONE chance while living and then it is too late forever:

“And as it is appointed unto men once to die, but after this the judgment:” Hebrews 9:27

“And ye shall know the truth, and the truth shall make you free.” John 8:32

“Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me.” John 14:6

“…there is no God else beside me; a just God and a Saviour; there is none beside me. Look unto me, and be ye saved, all the ends of the earth: for I am God, and there is none else.” Isaiah 45:21-22

“And the Spirit and the bride say, Come. And let him that heareth say, Come. And let him that is athirst come. And whosoever will, let him take the water of life freely.” Revelation 22:17…….