Goldman sachs ..the evil bubble web, breakdown of the paulson heist

[jameznyhc]

[.laurenx.]

lol @ alll 29,000 employees getting a $700,000+ bonus

double lol @ this mess

"So the two former employees from Goldman Sachs now allow Goldman Sachs to be a bank holding company. Well, why would they want to be a bank holding company? Well, now they can get even more funds from the government. They cannot only get the TARP funds but they can also get FDIC funds. Oh, and there's also this other little pesky thing. The SEC, the SEC doesn't oversee bank holding companies. The Federal Reserve oversees a bank holding company "


funny how theres no mention that morgan stanley, citigroup, amex, , etc were also allowed to become bank holding companies.

and the entire thing about the sec not regulating BHC's is just completely wrong. the additional federal filings and regulatory reporting is off the charts. i dont know where the hell he got that info from.

[jameznyhc]

lol @ alll 29,000 employees getting a $700,000+ bonus

double lol @ this mess

"So the two former employees from Goldman Sachs now allow Goldman Sachs to be a bank holding company. Well, why would they want to be a bank holding company? Well, now they can get even more funds from the government. They cannot only get the TARP funds but they can also get FDIC funds. Oh, and there's also this other little pesky thing. The SEC, the SEC doesn't oversee bank holding companies. The Federal Reserve oversees a bank holding company "


funny how theres no mention that morgan stanley, citigroup, amex, , etc were also allowed to become bank holding companies.

and the entire thing about the sec not regulating BHC's is just completely wrong. the additional federal filings and regulatory reporting is off the charts. i dont know where the hell he got that info from.

When you become a BHC you are overseen by the federal reserve.. who monitors federal reserve? nobody .. SEC oversee investment firms ..not bhc's

[.laurenx.]

When you become a BHC you are overseen by the federal reserve.. who monitors federal reserve? nobody .. SEC oversee investment firms ..not bhc's

BHC's with over 300 shareholders are required to register with the SEC. so we report to both.

[jameznyhc]

BHC's with over 300 shareholders are required to register with the SEC. so we report to both.

yes but that is specifically for new or smaller banks restructuring for advantage of federal liquidity and the takeover over of other banks .. Because goldman can use hedge for collatiral it exempts them from reporting to the sec.. as oppossed to smaller banks who dont have the collatrial with 300 plus shareholders .. its all a scam read it yourself


Former-New York Fed Chairman's ties to the firm
In May 2009, it was reported that the Chairman of the New York Fed, Stephen Friedman, was a former-director at, and shareholder of Goldman Sachs, having retired from the firm in 1994 and retained substantial stock.[80] The controversy and criticism caused by what was seen as a conflict of interest between Friedman's new role as supervisor and regulator to Goldman Sachs (due to its conversion from securities firm to a bank holding company), and in particular, his purchase of shares in the firm when it traded at historical lows in Q4 2008, forced him to resign on May 7 2009. Although Friedman's purchases of Goldman stock did not violate any Fed rule, statute, or policy, he stated that the Fed did not need this distraction. He also claims his purchases, made while approval of a waiver was pending, were motivated by a desire to demonstrate confidence in the company during a time of market distress.[81]

Friedman was named Chairman of the New York Fed in January 2008. However, Goldman's conversion to bank holding company in September 2008 meant it was now regulated by the Fed and not the SEC. When it became apparent that Timothy Geithner, then-New York Fed president would leave his role at the Fed and become Treasury Secretary, a temporary one-year waiver of a rule was granted to Friedman that would otherwise forbid Fed board members from direct interest with those it regulated ('class C' directors).

Friedman therefore agreed to remain on the board until the end of 2009 to provide continuity in the wake of the turmoil caused by Lehman Brothers' bankruptcy. Had the waiver not been granted, the New York Fed would have lost both its president and its chairman (or Friedman would have had to divest his Goldman shares).[80] This would have been highly disruptive for the New York Fed's role in the capital markets, and Friedman claims he agreed to stay on the NY Fed board out of a sense of public duty, but that his decision was "being mischaracterised as improper".[82] Currently, the corporation has two executives with ties to the Obama administration and also a board member on the TARP monitoring committee.

[.laurenx.]

trust me, GS is still required to make filings and report to the sec.

pages 113-117
http://www2.goldmansachs.com/our-fir...0q-2009-1q.pdf

[jameznyhc]

trust me, GS is still required to make filings and report to the sec.

pages 113-117
http://www2.goldmansachs.com/our-fir...0q-2009-1q.pdf

But that does not give the sec the power to regulate and oversee them .. they are overseen by federal reserve .. and the federal reserve is overseen by nobody including the sec


By becoming bank holding companies, Goldman Sachs and Morgan Stanley gained some breathing room in the immediate term. But the change also may lay the groundwork for additional deal making. Given the number of bank failures expected this year, it is possible that Goldman and Morgan Stanley could seek to buy those banks cheaply in a “roll-up” strategy.

Before the move to make the two investment banks into holding banks, federal regulations prohibited them from pursuing such deals. Indeed, Morgan Stanley’s recent talks with Wachovia revolved around Wachovia buying Morgan Stanley.

Being a bank holding company would also give the two banks access to the discount window of the Federal Reserve. While they have had access to Fed lending facilities in recent months, regulators had planned to take away discount window access in January.

The regulation by the Federal Reserve also brings a host of accounting rule changes that should benefit the two banks in the current environment.

[.laurenx.]

But that does not give the sec the power to regulate and oversee them .. they are overseen by federal reserve .. and the federal reserve is overseen by nobody including the sec


By becoming bank holding companies, Goldman Sachs and Morgan Stanley gained some breathing room in the immediate term. But the change also may lay the groundwork for additional deal making. Given the number of bank failures expected this year, it is possible that Goldman and Morgan Stanley could seek to buy those banks cheaply in a “roll-up” strategy.

Before the move to make the two investment banks into holding banks, federal regulations prohibited them from pursuing such deals. Indeed, Morgan Stanley’s recent talks with Wachovia revolved around Wachovia buying Morgan Stanley.

Being a bank holding company would also give the two banks access to the discount window of the Federal Reserve. While they have had access to Fed lending facilities in recent months, regulators had planned to take away discount window access in January.

The regulation by the Federal Reserve also brings a host of accounting rule changes that should benefit the two banks in the current environment.

By becoming bank holding companies, the firms are agreeing to significantly tighter regulations and much closer supervision by bank examiners from several government agencies rather than only the Securities and Exchange Commission. Now, the firms will look more like commercial banks, with more disclosure, higher capital reserves and less risk-taking.


Top 50 bank holding companies Summary Page

are you really trying to tell me that none of these entities on that list have to answer to the SEC? just admit it,when it comes to this aspect ur wrong and so is ur friend glenn.

[jameznyhc]

By becoming bank holding companies, the firms are agreeing to significantly tighter regulations and much closer supervision by bank examiners from several government agencies rather than only the Securities and Exchange Commission. Now, the firms will look more like commercial banks, with more disclosure, higher capital reserves and less risk-taking.


Top 50 bank holding companies Summary Page

are you really trying to tell me that none of these entities on that list have to answer to the SEC? just admit it,when it comes to this aspect ur wrong and so is ur friend glenn.

What dont you understand? do you know what oversight & regulation means? .. thats approval of mergers, takeovers, accounting practices, ..get it?? ..The fed reserve is the decision maker ..filing a quarterly earnings summary is what any public company does lol ..here one more time


In May 2009, it was reported that the Chairman of the New York Fed, Stephen Friedman, was a former-director at, and shareholder of Goldman Sachs, having retired from the firm in 1994 and retained substantial stock.[80] The controversy and criticism caused by what was seen as a conflict of interest between Friedman's new role as supervisor and regulator to Goldman Sachs (due to its conversion from securities firm to a bank holding company), and in particular, his purchase of shares in the firm when it traded at historical lows in Q4 2008, forced him to resign on May 7 2009. Although Friedman's purchases of Goldman stock did not violate any Fed rule, statute, or policy, he stated that the Fed did not need this distraction. He also claims his purchases, made while approval of a waiver was pending, were motivated by a desire to demonstrate confidence in the company during a time of market distress.[81]

Friedman was named Chairman of the New York Fed in January 2008. However, Goldman's conversion to bank holding company in September 2008 meant it was now regulated by the Fed and not the SEC. When it became apparent that Timothy Geithner, then-New York Fed president would leave his role at the Fed and become Treasury Secretary, a temporary one-year waiver of a rule was granted to Friedman that would otherwise forbid Fed board members from direct interest with those it regulated ('class C' directors).

Friedman therefore agreed to remain on the board until the end of 2009 to provide continuity in the wake of the turmoil caused by Lehman Brothers' bankruptcy. Had the waiver not been granted, the New York Fed would have lost both its president and its chairman (or Friedman would have had to divest his Goldman shares).[80] This would have been highly disruptive for the New York Fed's role in the capital markets, and Friedman claims he agreed to stay on the NY Fed board out of a sense of public duty, but that his decision was "being mischaracterised as improper".[82] Currently, the corporation has two executives with ties to the Obama administration and also a board member on the TARP monitoring committee. [83]

[jameznyhc]

trust me, GS is still required to make filings and report to the sec.

pages 113-117
http://www2.goldmansachs.com/our-fir...0q-2009-1q.pdf

ok and what does that have to with oversight, approval of maergers, takeovers, and accounting practices? ... lol,

there only one agency with that authority and guess who it is?

Submitting a form 8-k form doesnt mean the sec can oversee and regulate them get it? all public companies submit that form lol ..they only way around it is to go private .. you should know that before running your mouth without the facts

the fed regulates and oversees banking ..

the sec does not regulate banking ..


[B] the SEC enforces the statutory requirement that public companies submit quarterly and annual reports, as well as other periodic reports. In addition to annual financial reports, company executives must provide a narrative account, called the "management discussion and analysis" (MD&A), that outlines the previous year of operations and explains how the company fared in that time period.

[.laurenx.]

'

did u actually read the pages i suggested? i didnt post the 10Q as an example of an sec filing. it goes into detail about how GS&Co. GSEC and other subs still report to the SEC becaquse they're broker dealers.

LMAO @ running my mouth. ur right james, what the fuck do i know? i only fucking work there.

so for the last time.
the point is that the video u posted is completely misleading. its making i tseem like GS is completely free of the SEC and free of all their regulations and requirements operating soley under the fed WHICH ISNT TRUE.


GET IT??????

[jameznyhc]

'

did u actually read the pages i suggested? i didnt post the 8k as an example of an sec filing. it goes into detail about how GS&Co. GSEC and other subs still report to the SEC becaquse they're broker dealers.

LMAO @ running my mouth. ur right james, what the fuck do i know? i only fucking work there.

so for the last time.
the point is that the video u posted is completely misleading. its making i tseem like GS is completely free of the SEC and free of all their regulations and requirements operating soley under the fed WHICH ISNT TRUE.


GET IT??????

no he never said public companies are no longer not required to submit 8-k forms lol ..what he said was converting to a bhc they get access to tarp, bailouts, fdic, and now are regulated by the federal reserve who nopw over sees goldman .. when they were an investment firm the sec oversaw them and the fed could not .. why? hmm because maybe banking as oppossed to security exchange markets is federally insured? ... yep running your mouth and looking ignorant

[jameznyhc]

Friedman was named Chairman of the New York Fed in January 2008. However, Goldman's conversion to bank holding company in September 2008 meant it was now regulated by the Fed and not the SEC. When it became apparent that Timothy Geithner, then-New York Fed president would leave his role at the Fed and become Treasury Secretary, a temporary one-year waiver of a rule was granted to Friedman that would otherwise forbid Fed board members from direct interest with those it regulated ('class C' directors).

[.laurenx.]

no he never said public companies are no longer not required to submit 8-k forms lol ..what he said was converting to a bhc they get access to tarp, bailouts, fdic, and now are regulated by the federal reserve who nopw over sees goldman .. when they were an investment firm the sec oversaw them and the fed could not .. why? hmm because maybe banking as oppossed to security exchange markets is federally insured? ... yep running your mouth and looking ignorant

and as i mentioned he singles gs out like we're the only ones who were granted BHC status.

his exact words were "they dont have that pesky SEC thing to look them over". and as i said 500 times we still do have to adhere to sec regulations.

[jameznyhc]

and as i mentioned he singles gs out like we're the only ones who were granted BHC status.

his exact words were "they dont have that pesky SEC thing to look them over". and as i said 500 times we still do have to adhere to sec regulations.

they dont oversee you your a banking firm lol ..thats federal reserves job..the sec does not have the authority .. why did he specifically point out goldman? lol .. the connection to the treasury, the fed reserve, and the goverment web .. why are all these guys who can make so much goin for govt jobs?????? lmao wake up and get with it .. he was pointing out the Goldman- Govt connection

[jameznyhc]

and as i mentioned he singles gs out like we're the only ones who were granted BHC status.
his exact words were "they dont have that pesky SEC thing to look them over". and as i said 500 times we still do have to adhere to sec regulations.

um no he didnt he specified the connection goldman had with the govt .. from ceo's , partners, waivers, etc ..lol you dont even know and you workl for the company

[.laurenx.]

um no he didnt he specified the connection goldman had with the govt .. from ceo's , partners, waivers, etc ..lol you dont even know and you workl for the company

please dont tell me what i know.

um yes he did. he made it seem as if GS got something special because of our connections. and thats not true when it comes to becoming a BHC because every other fucking firm was granted that status also.

[jameznyhc]

please dont tell me what i know.

um yes he did. he made it seem as if GS got something special because of our connections. and thats not true when it comes to becoming a BHC because every other fucking firm was granted that status also.

he was breaking down the paulson heist the man who once ran your company lmao .. of course those other firms went BHC as well to take advantage..As did Goldman .. But what do they have to do with the goldman -Govt connection he was speaking about?

lol since when does the sec oversee the banking industry and not the securities industry? .. you know nothing and whats worse you work there

[.laurenx.]

they dont oversee you your a banking firm lol ..thats federal reserves job..the sec does not have the authority .. why did he specifically point out goldman? lol .. the connection to the treasury, the fed reserve, and the goverment web .. why are all these guys who can make so much goin for govt jobs?????? lmao wake up and get with it .. he was pointing out the Goldman- Govt connection

oh my god u dont get it.

gtua043y ea4086y457g6get7ye76tw78G9987


wow.i dont know why i bother with you. obviousfuckingly he was pointing out the gs gov connection but highlighting the fact that we got BHC status TO ME IS POINTLESS BECAUSE SO DID EVERYONE ELSE. WE DIDNT GET SPECIAL TREATMENT


AND AGAIN I ASK, did u fucking read the pages i posted? yes or no? u can keep posting little snippets of random news articles with no sources. but my sec filing proves you're wrong.

[.laurenx.]

he was breaking down the paulson heist the man who once ran your company lmao .. of course those other firms went BHC as well to take advantage..As did Goldman .. But what do they have to do with the goldman -Govt connection he was speaking about?

lol since when does the sec oversee the banking industry and not the securities industry? .. you know nothing and whats worse you work there

ive worked there for 4 years im well aware of hank.


oh man. we have well over 5000 subsidiaries, noteable ones are listed in the link i posted which are fucking regulated by the SEC.

whats worse is u trying to tell me about the company i work for?the only one looking like an idiot here is you. but u should be used to that


alrighty off to my bf's house.. cant wait for that $770,000 check to come in