Former Goldman Sachs chairman Hank Paulson is not the only person supporting increased powers for the Federal Reserve:
Obama Calls for Overhaul of Financial Regulations
Did you know that Goldman Sachs is one of the lead donors to Obama’s and Clinton’s primary campaigns?
Ever wonder what % of the Federal Reserve Bank of New York Goldman Sachs owns? (That information is a secret. So is the rights of bank owners to Fed data and intelligence, arguably the most valuable asset.)
So, for example, if $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed, and Goldman Sachs owns, let’s guess, 10% of the NY Fed stock, that would be $400 billion plus that Goldman partners and shareholders might owe us.
What do you think? Does it make sense, for Goldman to invest say 1% of their profits (app. $4 billion plus) to finance philanthropy that promote their image as a fine citizen and to fund campaigns and lobbying efforts designed to:
- get Goldman alums appointed to high government and central bank positions
- switch market management and regulation under the control of a private bank they and their global colleagues secretly own and control
- make sure that the flow of insider information to their operations and affiliates remains secret
- make sure they are allowed to build and control shadow markets with government resources
Would this not be the ultimate leveraged buyout? Buying a whole country with the country’s own money and putting yourself in charge?
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Note: In the interests of full disclosure, Catherine worked at Goldman Sachs as a summer intern in 1977, is a member of the Goldman Sachs Alumnae network and reads Goldman Sachs investment research.
thanks for this- I was thinking that Obama was a slightly lesser evil than Clinton and McCain, but it appears he’s just as evil. In the transparent, information-rich environment of the web, lies and parasites are having a harder time surviving.
The web is only the beginning
http://en.wikipedia.org/wiki/Ray_kurzweil
As the Fed is a private bank and already owns the country, I’m of the opinion it would merely be an asset changing hands. Is deeper reform in order? Yes. Will it happen in my lifetime? Doubtful.