Uh Oh... 'Johnson: Eurozone May Ban Goldman, Humiliate Fed' - DailyKos

[WillyT]

Johnson: Eurozone May Ban Goldman, Humiliate Fed
by bobswern - DailyKos
Mon Feb 15, 2010 at 12:31:21 AM PST

<snip>

Tonight we're reminded by Calculated Risk of yet another byproduct of the greatest looting of the underclasses in our country's history: Unemployment Benefits for 5,000,000 Americans Will Expire by June. Concurrently, it now appears that there's a good chance that, as Simon Johnson over at the Baseline Scenario blog is also telling us late tonight, Goldman-Sachs is about to get blacklisted in the Eurozone; and, in the process of that travesty, this reality will simultaneously and totally trash the Federal Reserve's remaining credibility--what little that pathetic institution has left--along with 'em.

I would ask all that are reading this to consider the implications--both long- and short-term--that this will have upon the Obama administration, and the 2010 midterms.

IMHO, the likelihood of what Johnson is foretelling us is about to occur in Europe is very high. The political fallout Democrats--not to mention our entire country--are already paying for these inevitable outcomes is totally unacceptable, and on many levels.

# # #

Around 8:50PM on Sunday night, I posted a diary entitled, "First Greece; Now Spanish Intelligence Opens Wall St. Probe." (Not linking to it, since it'd be "pimping" of a live diary.) In it, I talked about how the Spanish Intelligence Agency is investigating "...the speculative attacks on financial markets against Spain." I also noted how the Spanish government actually knows exactly where their investigation's heading. That's due to a story that appeared on Zero Hedge, just five days ago.

Yes, Spanish intelligence authorities need look no further than a Zero Hedge story from Tuesday, February 9th, for a great deal of assistance in their new investigation (which is, in large part, taken from another Spanish publication): "First Greece, Now Spain: Moore Capital, Brevan Howard, Paulson As Well As JPM And Goldman Implicated In Spanish CDS Rout."

<snip>

Much More (with all needed hyperlinks): http://www.dailykos.com/storyonly/2010/2/15/837165/-Johnson:-Eurozone-May-Ban-Goldman,-Humiliate-Fed-%28updated%29

:wow:

:kick:

[BeyondGeography]

1. That would be lovely

[malaise]

2. The boys have been destroying economies across the globe

as if they were gambling in casinos. If the US government won't act, other governments will. The chickens are coming home to roost.

[indepat]

5. Let the chips fall where they may, wounding all heels in the process

:D

[katsy]

3. Here's hoping.

Do it. Just do it. Please.

[Joe Chi Minh]

4. K&R

[me b zola]

6. K&R

[ljm2002]

7. Remarkable, isn't it...

...how well our "free press" has kept us informed as to the nature of the FRAUD that these large institutions perpetrated worldwide. Goldman Sachs, AIG being the key players IMO.

F R A U D from the gate, but you'll rarely hear the word broached when these tactics are being discussed. Because it might cause a crisis of confidence, y'know.

Of course, it also helps ensure that those responsible are never held to account.

[WillyT]

8. And... Some Of It Is NOT Fraud... It's Actually Legal !!!

Did you see this?

Link: http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=114x75715

:shrug: