Comments on: Rolling Stone expose: Goldman Sachs behind every market crash since 1920s http://rawstory.com/blog/2009/07/rolling-stone-expose-goldman-sachs-behind-every-market-crash-since-1920s/ Mon, 23 Nov 2009 01:16:12 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Goldman Sachs Behind Every Market Crash Since The 1920s | Disinformation http://rawstory.com/blog/2009/07/rolling-stone-expose-goldman-sachs-behind-every-market-crash-since-1920s/comment-page-3/#comment-33904 Goldman Sachs Behind Every Market Crash Since The 1920s | Disinformation Sat, 26 Sep 2009 16:00:47 +0000 http://rawstory.com/blog/?p=3994#comment-33904 [...] GO TO FULL STORY [...] [...] GO TO FULL STORY [...]

]]> By: R Keane http://rawstory.com/blog/2009/07/rolling-stone-expose-goldman-sachs-behind-every-market-crash-since-1920s/comment-page-3/#comment-25570 R Keane Sat, 29 Aug 2009 01:08:21 +0000 http://rawstory.com/blog/?p=3994#comment-25570 Decimal Place Trading caused the recession of 2008 This recession was caused by the manipulation of stock prices on Wall Street through naked short-selling, flash trading, high-frequency trading, secret software, super-fast computers and what I feel was the main cause of this corruption: “Decimal Place Trading.” As I write this article today, much of this corruption is now slowly coming out through social media outlets such as Twitter and Facebook, along with bloggers on the internet, Yahoo bulletin boards, and the movie Stock Shock. The news media is also to blame for what has taken place in this country -- including the near-collapse of Wall Street and the banking industry. There are many things to point fingers at or place the blame on, and I can think of a few off-hand that I would like to cover -- the first being Wall Street’s regulation changes. I am no expert -- I am not even a writer -- but decided to tell this story since the business news media was not telling it. These Wall Street regulation changes contributed to the aforementioned problems in many ways, with the first being the removal of fractions in stock pricing. On January 29, 2001, the New York Stock Exchange, or NYSE, went to four-decimal-place trading. On March 12, 2001, the National Association of Securities Dealers Automated Quotation, or NASDAQ, followed suit. This new rule had the best of intentions as we headed toward the computer and digital world, but over time it was manipulated and companies like Goldman Sachs figured out how to take advantage of the new system. I am not sure how it happened, whether it was lobbied for years or what -- but along came the biggest mistake of all with the elimination of the uptick rule in July of 2007. This rule had been implemented after the great depression, and had been in place since 1938. How could the Securities and Exchange Commission, or SEC, abolish a rule that had been in place for close to 70 years, and had worked? Put these two changes together, and you get a simple equation: greed plus corruption equals recession. Reports have been released on the web that Goldman Sachs made over 100 million dollars per day in 46 out of 64 trading days in Fiscal Year 2009, second quarter (April, May and June). Let me say that again. They made over 100 million dollars per day, and are still doing it as I write this letter today. But the question remains, how did they do it? There has been no report of this by any of the news media. How can this be? This corruption is 100 times the gravity of the Bernie Madoff story, and yet there has been no coverage by CNBC or Bloomberg News. Why? Goldman Sachs, upon Wall Street transitioning to fractions and the abolishment of the uptick rule, designed secret software and used this software to gain an advantage on every potential investor. Basically, Goldman Sachs became a Las Vegas poker dealer in New York City on Wall Street, turning profits on investors every trade with their super-fast computers and software. Richard Keane August 26th, 2009 Revised version Decimal Place Trading caused the recession of 2008
This recession was caused by the manipulation of stock prices on Wall Street through naked short-selling, flash trading, high-frequency trading, secret software, super-fast computers and what I feel was the main cause of this corruption: “Decimal Place Trading.” As I write this article today, much of this corruption is now slowly coming out through social media outlets such as Twitter and Facebook, along with bloggers on the internet, Yahoo bulletin boards, and the movie Stock Shock. The news media is also to blame for what has taken place in this country -- including the near-collapse of Wall Street and the banking industry.
There are many things to point fingers at or place the blame on, and I can think of a few off-hand that I would like to cover -- the first being Wall Street’s regulation changes. I am no expert -- I am not even a writer -- but decided to tell this story since the business news media was not telling it. These Wall Street regulation changes contributed to the aforementioned problems in many ways, with the first being the removal of fractions in stock pricing. On January 29, 2001, the New York Stock Exchange, or NYSE, went to four-decimal-place trading. On March 12, 2001, the National Association of Securities Dealers Automated Quotation, or NASDAQ, followed suit. This new rule had the best of intentions as we headed toward the computer and digital world, but over time it was manipulated and companies like Goldman Sachs figured out how to take advantage of the new system. I am not sure how it happened, whether it was lobbied for years or what -- but along came the biggest mistake of all with the elimination of the uptick rule in July of 2007. This rule had been implemented after the great depression, and had been in place since 1938. How could the Securities and Exchange Commission, or SEC, abolish a rule that had been in place for close to 70 years, and had worked? Put these two changes together, and you get a simple equation: greed plus corruption equals recession.
Reports have been released on the web that Goldman Sachs made over 100 million dollars per day in 46 out of 64 trading days in Fiscal Year 2009, second quarter (April, May and June). Let me say that again. They made over 100 million dollars per day, and are still doing it as I write this letter today. But the question remains, how did they do it? There has been no report of this by any of the news media. How can this be? This corruption is 100 times the gravity of the Bernie Madoff story, and yet there has been no coverage by CNBC or Bloomberg News. Why? Goldman Sachs, upon Wall Street transitioning to fractions and the abolishment of the uptick rule, designed secret software and used this software to gain an advantage on every potential investor. Basically, Goldman Sachs became a Las Vegas poker dealer in New York City on Wall Street, turning profits on investors every trade with their super-fast computers and software.
Richard Keane August 26th, 2009 Revised version

]]> By: Do You Trust Them? Goldman Sachs Is Behind Every Market Crash Since The 1920s « “Greetings, my son!” http://rawstory.com/blog/2009/07/rolling-stone-expose-goldman-sachs-behind-every-market-crash-since-1920s/comment-page-3/#comment-16965 Do You Trust Them? Goldman Sachs Is Behind Every Market Crash Since The 1920s « “Greetings, my son!” Thu, 16 Jul 2009 02:54:20 +0000 http://rawstory.com/blog/?p=3994#comment-16965 [...] Goldman Sachs has played a crucial role in creating every market bubble since the 1920s — and ... [...] [...] Goldman Sachs has played a crucial role in creating every market bubble since the 1920s — and ... [...]

]]> By: Matt Taibbi on Democracy Now today http://rawstory.com/blog/2009/07/rolling-stone-expose-goldman-sachs-behind-every-market-crash-since-1920s/comment-page-3/#comment-15323 Matt Taibbi on Democracy Now today Wed, 08 Jul 2009 14:28:47 +0000 http://rawstory.com/blog/?p=3994#comment-15323 [...] Us for 90 Years | | AlterNet Raw Story [...] Us for 90 Years | | AlterNet Raw Story

]]> By: Gary http://rawstory.com/blog/2009/07/rolling-stone-expose-goldman-sachs-behind-every-market-crash-since-1920s/comment-page-3/#comment-15217 Gary Tue, 07 Jul 2009 06:48:44 +0000 http://rawstory.com/blog/?p=3994#comment-15217 Yes, the Federal Reserve, by law, it's stock is owned by commercial banks which are Fed members. The Fed does not answer to Congress, nor the President. I did not believe that until I heard Greenspan --- incidentally, he's a hero of Conservatives and Libertarians for his pro Ayn Rand cheerleading ---- tell Jim Lehrer (or another news guy) that the Fed has no relationship with the President or Congress. YouTube that. GS was an Investment bank, not a Fed member, but it's definition was changed to let it retroactively become a commercial bank and Fed member, to benefit from Fed and FDIC bailouts. Whereas the FedGov has kicked in a couple trillion so far, the Fed has silently kicked in at least 15 trillion by buying toxic mortgage securities in it's "Open Market Operations", per several Bloomberg articles. "AIG is connected to Goldman how?" That was in the news. FedGov Bailouts to AIG went straight to Goldman to restore them 100% at the time when autoworkers and retirees were asked to accept reductions. AIG "insured" Goldman's securities and made them valuable to trade, but AIG had no capital underlying Credit Default Swaps (insurance) it wrote. AIG opened up in London to avoid US regulators. Some persons and-or corporations own Goldman stock. Who? Does the Rothschild family actually own a majority or even a controlling minority of Goldman stock? Or is that just a couple Jewish names. As for Citigroup stock, 10% or so is owned by Saudis. But I think Bush or Kissinger leaned on them to buy that stock. Anyhow, it's kinda weird, kinda fun, kinda scary to be sitting here as a penniless broke-ass Jew and 9-11 exposer and neo-con hater and anti-Zionist (freegaza.org) reading about my upcoming extermination by well-meaning paranoid yee-haws. Here's a toast to you and a wish that this stays on blogs where it belongs. I hope I don't need to fend you guys off like some zombie horde. I also know some unselfish half-Ir-Cath and half-Jewish kids who really dig Sponge Bob and don't deserve to be exterminated for one of their parents bloodlines aka ancestry. [roll eyes] Yes, the Federal Reserve, by law, it's stock is owned by commercial banks which are Fed members.

The Fed does not answer to Congress, nor the President. I did not believe that until I heard Greenspan --- incidentally, he's a hero of Conservatives and Libertarians for his pro Ayn Rand cheerleading ---- tell Jim Lehrer (or another news guy) that the Fed has no relationship with the President or Congress. YouTube that.

GS was an Investment bank, not a Fed member, but it's definition was changed to let it retroactively become a commercial bank and Fed member, to benefit from Fed and FDIC bailouts.

Whereas the FedGov has kicked in a couple trillion so far, the Fed has silently kicked in at least 15 trillion by buying toxic mortgage securities in it's "Open Market Operations", per several Bloomberg articles.

"AIG is connected to Goldman how?" That was in the news. FedGov Bailouts to AIG went straight to Goldman to restore them 100% at the time when autoworkers and retirees were asked to accept reductions. AIG "insured" Goldman's securities and made them valuable to trade, but AIG had no capital underlying Credit Default Swaps (insurance) it wrote. AIG opened up in London to avoid US regulators.

Some persons and-or corporations own Goldman stock. Who? Does the Rothschild family actually own a majority or even a controlling minority of Goldman stock? Or is that just a couple Jewish names. As for Citigroup stock, 10% or so is owned by Saudis. But I think Bush or Kissinger leaned on them to buy that stock.

Anyhow, it's kinda weird, kinda fun, kinda scary to be sitting here as a penniless broke-ass Jew and 9-11 exposer and neo-con hater and anti-Zionist (freegaza.org) reading about my upcoming extermination by well-meaning paranoid yee-haws. Here's a toast to you and a wish that this stays on blogs where it belongs. I hope I don't need to fend you guys off like some zombie horde. I also know some unselfish half-Ir-Cath and half-Jewish kids who really dig Sponge Bob and don't deserve to be exterminated for one of their parents bloodlines aka ancestry. [roll eyes]

]]> By: RollingStone http://rawstory.com/blog/2009/07/rolling-stone-expose-goldman-sachs-behind-every-market-crash-since-1920s/comment-page-3/#comment-15202 RollingStone Tue, 07 Jul 2009 00:40:45 +0000 http://rawstory.com/blog/?p=3994#comment-15202 gathers no moss gathers no moss

]]> By: Adolph http://rawstory.com/blog/2009/07/rolling-stone-expose-goldman-sachs-behind-every-market-crash-since-1920s/comment-page-3/#comment-15201 Adolph Tue, 07 Jul 2009 00:30:03 +0000 http://rawstory.com/blog/?p=3994#comment-15201 It's run by a bunch of Jews, what do you expect! It's run by a bunch of Jews, what do you expect!

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