Comments on: Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of Paulson’s Bailout

By: wwicko

wwicko — Thu, 02 Oct 2008 05:38:36 +0000

Entity Obama
Goldman Sachs………….$691,930
University of California..$611,207
Citigroup Inc………….$448,599
JPMorgan Chase & Co…….$442,919
Harvard University……..$435,769
Google Inc…………….$420,174
UBS AG………………..$404,750
National Amusements Inc…$389,140
Microsoft Corp…………$377,235
Lehman Brothers………..$370,524
Sidley Austin LLP………$350,302
Moveon.org…………….$347,463
Skadden, Arps et al…….$340,264
Time Warner……………$338,527
Wilmerhale Llp…………$335,398
Morgan Stanley…………$318,070
Latham & Watkins……….$297,400
Jones Day……………..$289,476
University of Chicago…..$278,885
Stanford University…….$276,038

Entity McCain
Merrill Lynch………….$298,413
Citigroup Inc………….$269,251
Morgan Stanley…………$233,272
Goldman Sachs………….$208,395
JPMorgan Chase & Co…….$179,975
AT&T Inc………………$174,487
Blank Rome LLP…………$150,426
Credit Suisse Group…….$150,025
Greenberg Traurig LLP…..$146,787
UBS AG………………..$140,165
PricewaterhouseCoopers….$140,120
US Government………….$137,617
Bank of America………..$129,475
Wachovia Corp………….$122,846
Lehman Brothers………..$117,500
FedEx Corp…………….$113,453
Gibson, Dunn & Crutcher…$104,250
US Army……………….$103,613
Bear Stearns…………..$99,300
Pinnacle West Capital…..$97,700

Open Secrets

By: KEVKEV IN APACHE JUNCTION

KEVKEV IN APACHE JUNCTION — Tue, 23 Sep 2008 15:09:50 +0000

Henry M. Paulson
AKA Henry Merrit Paulson, Jr.

Born: 28-Mar-1946
Birthplace: Palm Beach, FL

Gender: Male
Religion: Christian Science
Race or Ethnicity: White
Sexual orientation: Straight
Occupation: Business, Government
Party Affiliation: Republican

Nationality: United States
Executive summary: US Secretary of the Treasury

“Mr. Paulson is very much of an alpha male: he will challenge colleagues to wrestling matches and once halted a game of paddle tennis to vomit before resuming play and winning the match.” The New York Times, 2-Jun-2006.

Wife: Wendy (one son, one daughter)
Son: Henry M. Paulson III
Daughter: Amanda Clark

High School: Barrington High School, Barrington, IL (1964)
University: AB English, Dartmouth College (1968)
University: MBA, Harvard Business School (1970)

US Secretary of the Treasury (10-Jul-2006 to present)
Goldman Sachs CEO (1999-2006)
Goldman Sachs President and COO (1994-98)
Goldman Sachs Investment Banking Executive (1983-94)
Goldman Sachs (1974-2006, as Partner, 1982-2006)
Member of the Board of Goldman Sachs (as Chairman, 1999-2006)
Bilderberg Group
Bill Bradley for President
Bush-Cheney ‘04
Bush-Quayle ‘92
Friends of Roy Blunt
McCain 2000
McCain for Senate ‘98
Millennium Challenge Corporation Board of Directors
National Republican Congressional Committee
National Republican Senatorial Committee
The Nature Conservancy Chairman (-2006)
Volunteer PAC
Phi Beta Kappa Society
Bush Pioneer 2004

Via NNDB:
http://www.nndb.com/people/788/000117437/

By: chabuka

chabuka — Tue, 23 Sep 2008 14:53:41 +0000

This sounds more and more like “lets scare them into giving us complete control over the Treasury” (screw Congress!)just like we got them to bless our wars in the middle east..lie, scheme, show them phony, photo-shopped pictures and graphs..what ever it takes….”they are stupid..we keep lying and they just keep believing us”…(look how well Cheneys “deferred” Halliburton package has worked out for him…he is a very rich man and it was all legal!!! (after we bent the laws around a bit)

By: stateofthedivision

stateofthedivision — Tue, 23 Sep 2008 04:23:50 +0000

The NYT has a piece on the Fed bank ownership rule relaxation. Paulson’s ex-number 2, who works for the Carlyle Group, is quoted at the end.

http://www.nytimes.com/reuters/business/business-us-financials-fed-minorities.html

By: stateofthedivision

stateofthedivision — Tue, 23 Sep 2008 04:19:51 +0000

Reuters noted Carlyle’s opportunities in a piece this evening:

http://www.nytimes.com/reuters/business/business-us-carlyle.html

The WSJ reported David Rubenstein got his wish with the rule relaxation allowing PEU’s to hold larger chunks of U.S. banks. More disaster capitalism, all because the big boys quit lending to each other….

By: stateofthedivision

stateofthedivision — Tue, 23 Sep 2008 02:42:27 +0000

Yes, Goldman Sachs benefits. Their annual cost for credit default swap “coverage” dropped from an outrageous $900,000 for $10 million in debt/mortgage securities to a still too expensive $348,000. If Uncle Sam overpays for volatile credit default swaps, I’ll be upset.

But the big winner from my chair is Bush’s favorite private equity firm, The Carlyle Group. They stand to win 4 ways.

1. Their distressed company fund can buy companies on the cheap.

2. They can buy back affiliate’s mortgage based debt from Uncle Sam for pennies on the dollar. They used $4.6 billion in CMBS to finance their buyout of ManorCare.

3. Thanks to the Fed, Carlyle can now buy larger chunks of commercial banks. This is a form of deregulation in the midst of the bailout.

4. Failed mortgage security fund, Carlyle Capital Corporation, is in the process of being liquidated. How might the bailout help them get the most for their defunct firm’s assets?

I’m sure Carlyle can find more ways to milk the current situation, but I offer these four.

By: kasinca

kasinca — Tue, 23 Sep 2008 02:12:54 +0000

Paulson is a thug in the Bush Crime Family. Enough said.

By: Patty

Patty — Tue, 23 Sep 2008 02:04:00 +0000

I know it sounds quaint, but the truth is that we still are:

A Nation of Law.

No person is above the law, not even Mr. Paulson.

(Wish Bill-O, who’s so fond of having the read-that-person’s-body-language expert on his show would have her decipher the non-stop blinking of the Secretary. Guess Paulson only blinks when he lies.)

By: Subroutine

Subroutine — Tue, 23 Sep 2008 01:57:11 +0000

Dear Mr. Paulson,

We are in receipt of your very kind offer to save the world for the paltry sum of one trillion U.S. dollars….in advance. We have also reviewed your requirement that you will be the sole judge of success of in this matter and that your decisions and actions in furtherance of the stated objective is not to be questioned, challenged, or second-guessed.

After careful consideration, it is with our kindest regards that we have decided to tell you to blow it out your ass.

Very truly yours,

The American People

By: DallasNE

DallasNE — Tue, 23 Sep 2008 01:55:17 +0000

Well, duh.

I said that Paulson, without oversight, is loke putting the fox in charge of the hen house. And that was before Goldman-Sachs announced their changed status.

It now appears that one of the reasons Paulson doesn’t want oversight is because it could uncover issues from when he was CEO of Goldman’s. Oops.

By: jb

jb — Tue, 23 Sep 2008 00:44:27 +0000

I expect the govmit will do a “Junker’s” bailout and come buy all my dead tired inventory. Those sleazy bastards don’t have a clue what real capitalism is.

By: jb

jb — Tue, 23 Sep 2008 00:40:00 +0000

Paulson is as trustworthy as Dick Cheney.

By: Xisithrus

Xisithrus — Tue, 23 Sep 2008 00:11:18 +0000

Socialist Kleptocracy

By: Doc Rock

Doc Rock — Tue, 23 Sep 2008 00:02:36 +0000

Three words: corrupt crony capitalism

By: Witch1

Witch1 — Tue, 23 Sep 2008 00:01:50 +0000

While the blood sucking money changing whore’s figure out who get’s all the money we the people are again getting screwed….Time to end all the war’s, don’t bail any of them out and attach all their asset’s….Shut the rat basterd’s down..

Did you all know AIG has 20 billion in cash in off shore account’s they never paid tax on and they to want in on the bail out….There need’s criminal investigation on all this crap..Blessings

By: stateofthedivision

stateofthedivision — Mon, 22 Sep 2008 23:47:16 +0000

The American bankruptcy court had to agree to allow that $2.5 billion to be used for Lehman bonuses. If it’s sitting in an account, it’s an asset and can be used to settle up with debtors/creditors.

By: 1oldlady

1oldlady — Mon, 22 Sep 2008 23:43:40 +0000

If you have any questions regarding the large exit funds…

check this one out

http://www.independent.co.uk/news/business/news/fury-at-25bn-bonus-for-lehmans-new-york-staff-937560.html

Get mad, really mad! Who’s your daddy….

By: stateofthedivision

stateofthedivision — Mon, 22 Sep 2008 23:42:56 +0000

Here’s the deal, the big money boys can’t sell their junk to each other anymore. They don’t trust the system. The taxpayer gets to return order to the frightened rich man’s world.

By: spencers mom

spencers mom — Mon, 22 Sep 2008 23:39:10 +0000

Greetings Comrades:

Do we have an update on our new company, the Peoples’ International Group (PIG) formerly known as AIG?

How about Peoples’ BS, formerly Bear Sterns?

Just checking in on how our “ownership society” is doing this day.

PEACE

By: Witch1

Witch1 — Mon, 22 Sep 2008 23:36:50 +0000

Let’s see, for over 7 year’s we have had one huge mess after another..For 2 year’s after piss ant palosi and ranting reid got the vote’s they wanted the usual bill of fare is fuss a little then side step and cover for the reich…How do you all think this is going to turn out.? Do you think they are going to cave and give this lieing scum bag a free hand with all the money.? My take is they will bail out everything and give this ass just what he want’s..What should happen is jail time for this guy and no to the bail out…None of us are getting a bail out why should the money changer’s….Blessings