Goldman Sachs

Q: What is the nature of the relationship between G-Sax and the political establishment in Washington?

A: If I answered that question I would need to increase the thickness of my Kevlar body suit.

Q: Why is Treasury a revolving door for investment bankers that are tied to Wall Street?

A: Because the American public allows it. Benjamin Franklin said . . . Well done is better than well said. Too many Americans gripe and moan, but when it comes time to doing anything . . . they sit back on the couch with a bag of chips and the TV. We think it is cute to use the TV to amuse our toddlers. Do you think it is any different for 75 per cent of the American public?

Q: Are special interest groups dictating policy in the Obama White House?

A: I can’t count that high. But if you just look at Wall Street and where the money came from, you will realize that Barack Hussein Obama is nothing more than a puppet of Wall Street.

Q: Will you fight Goldman in court?

A: Yes. I’m prepared to fight them with several attorneys and law professors that are anxious to take this one on. I hope they do press the issue in court, but I kinda doubt it.

“Goldman Sachs is attempting to shut down a dissident blogger who is extremely critical of the investment bank, its board members and its practices. The bank has instructed Wall Street law firm Chadbourne & Parke to pursue blogger Mike Morgan, warning him in a recent cease-and-desist letter that he may face legal action if he does not close down his website.

According to Chadbourne & Parke’s letter, dated April 8, the bank is rattled because the site “violates several of Goldman Sachs’ intellectual property rights” and also “implies a relationship” with the bank itself.

Unsurprisingly for a man who has conjoined the bank’s name with the Number of the Beast – although he jokingly points out that 666 was also the S&P500’s bear-market bottom – Mr Morgan is unlikely to go down without a fight. He claims he has followed all legal requirements to own and operate the website – and that the header of the site clearly states that the content has not been approved by the bank.

On a special section of his blog entitled “Goldman Sachs vs Mike Morgan” he predicts that the fight will probably end up in court.

“It’s just another example of how a bully like Goldman Sachs tries to throw their weight around,” he writes.” (UK Telegraph)

Of course and not surprisingly, Goldman came out clean in government stress tests released today. My question now is when are we going to kick things up a notch and start a full-blown investigation into the Goldman/NY Fed connection?