Before coming to the USA Treasury under Paulson, he worked for guess who?
Go ahead.
Guess.
Goldman Sachs
In this undated photo provided by the U.S. Treasury Department, of Treasury Department Assistant Secretary Neel Kashkari. Kashkari has been selected to head the Treasury's new Office of Financial Stability. (AP Photo/U.S. Treasury Dept., Chris Taylor)
...The Federal Reserve announced Tuesday a radical plan to buy massive amounts of short-term debt in a dramatic effort to break through a credit clog that is imperiling the economy...(click here)
These Bozos just don't know when to stop. IF this 'radical spending' was so important to drive the USA even further into debt why wasn't it made a part of the $700 billion.
NO ! No more of the USA Treasury to 'bailout' Goldman Sachs.
End of Discussion.
These people are complete idiots, I swear ! They must spend their 'downtime' thinking up more and more ways to scalp generations of Americans and put them into servitude forever. When are these jokers going to be gone ! NOW, is a good idea.
Goldman Sachs is running scared.
We ain't their piggy bank !
The pressure is on for a BIG interest cut (click here from the New Zealand Herald)
..."There's a case for trying things that might restore confidence. It might work. And there's little chance that it will start another inflationary credit binge."
Goldman Sachs JBWere economist Shamubeel Eaqub backed a full percentage point cut.
"The current global situation where there is a crisis of confidence needs co-ordinated action from central banks around the world," he said. "The RBNZ cannot conduct policy in isolation."...
'It's very complicated' (click here)
THE FIXER: Meet Neel Kashkari, the U.S. official asked to oversee the $700-billion rescue plan
PAUL WALDIE
With files from Associated Press
October 7, 2008
...The job would be daunting for someone twice Mr. Kashkari's age or with many times more experience. But the 35-year-old - who came to the Treasury from Goldman Sachs and has been there for just over two years - mainly as an adviser to Mr. Paulson, may have to learn as he goes....
Goldman Sachs Leads $12 Million Investment in Nimsoft (click here)
Fastest Growing Systems Management Company Announces Second Round of Funding
Last update: 6:00 a.m. EDT Oct. 7, 2008
REDWOOD CITY, CA, Oct 07, 2008 (MARKET WIRE via COMTEX) -- Nimsoft, the fastest growing systems management company, today announced that the company has completed a funding round of $12 million led by new investor Goldman Sachs with follow on investments from Series A investors JMI Equity and Northzone Ventures. The company will use the funds to continue its growth and help achieve its vision of becoming the world's leading enterprise systems management software company....
The Republicans don't believe Alternatives Matter.
October 07, 2008
Goldman Sachs Cuts Solar Stock Benchmarks (FSLR, SPWRA, CSIQ, LDK)) (click here)
Two key solar stocks are being hit hard in early indications. First Solar, Inc. (NASDAQ: FSLR) and SunPower Corporation (NASDAQ: SPWRA) have both been downgraded to "Sell" from the prior "Buy" ratings over at Goldman Sachs. The fallout from these calls may create new issues for the sector which has already seen its key components chopped down in the current market....
Tuesday September 30, 2008
Goldman Sachs seeks to buy US$50b assets (click here)
NEW YORK: Goldman Sachs Group Inc is looking to buy up to US$50bil of assets from troubled US banks, the Financial Times reported on Sunday, citing executives at the bank.
The newspaper said it was looking to buy the assets as part of its transition into commercial banking.
Last Sunday, Goldman and rival Morgan Stanley said they would become bank holding companies, enabling them to accept deposits and killing the investment bank model that had dominated Wall Street for decades.
Goldman said then it intended to expand its deposit base by buying deposits from other banks, including those in distress.
The FT said Goldman planned to talk to US regulators to find US$50bil of assets it could buy from the struggling banks. Those assets would be in addition to the US$150bil of its own assets it is moving to its Utah Industrial Loan Corp, a bank regulated in that state, the report said. - Reuters
