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Goldman Sachs is Going Down by Legal Force or Force of Arms. 10th Amendment has Returned



April 14, 2009 – Comments (4) | RELATED TICKERS: GS

This website has NOT been approved by Goldman Sachs, nor does this website have any affiliation with Goldman Sachs. This website was designed to provide information about Goldman Sachs direct from the public, and NOT from Goldman Sachs's marketing and public relations departments. You may find the official Goldman Sachs website at

I am just guessing here, but Goldman is going down. The smart employees will likely leave soon and the other rats will follow. Some ambitious prosecutor/politician is going to set his sites and this place is going to get brought down.  Like Enron or Aurther Anderson etc..., you want to be the smart and honest employee, which figured out what was going on and left, early. You don't want on your resume Harvard, Wharton, Goldman Sachs and "six years in the FED jail tossing salad".

As per investors, smart ones are reading and will likely making withdrawls, then there will be a run and lies then "no mas", so hopefully we can avoid the carbon credits trading scam.

I am guessing we are in some of the last days of shadow banking, GS has stepped way over board with putting Hank Paulson in the Treasury and writing himself a $700 billion dollar check. 

It would be better for everyone is the GS staff just got on a plane and flew to Gutanamo Bay, Cuba and turned themselves in as financial terrorist. We can sort out the details and truth later. Hopefully, over Magritas and not water boards. They can hang out on the beach play soccer and eat MREs and thank their gods there were not taken by the mobs outside the HQ.

I think GS and their staff know they better have an exit plan. Some one will make a deposit in a Swiss account kiss his Five Diamond mistress good bye and turn states evidence. JUST GUESSING, dont sue me, I am not that smart. abitare mere pawn in game of life.

But smart people are speaking out against:

1. About this Site: Born on March 26, 2009, this website is an open forum for facts and discussion about what part Goldman Sachs and their executives played in the current Global Economic Crisis. This site is NOT affiliated with Goldman Sachs, nor has this site been approved by Goldman Sachs. In fact, Goldman Sachs has threatend to file a lawsuit to shut down this website.

Information: If you have helpful links, articles or any kind of information relevant to exposing Goldman Sachs for it's part in the worldwide financial crisis, please email me But for now all emails will go into a folder until we have our volunteer base organized. We will respond to all emails once the team is up and running.

Only 177404 views in 4 days. LOL, the internet, can't last for ever, enjoy it while you can!

From 6pm 04/11/09


 2. Mish's Global Economic Trend Analysis: Time To Breakup Goldman Sachs

3. Slycapital: Goldman Sachs and the devil

April 13, 2009

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.

Florida-based Mr Morgan began a blog entitled “Facts about Goldman Sachs” – the web address for which is – just a few weeks ago.

In that time Mr Morgan, a registered investment adviser, has added a number of posts to the site, including one entitled “Does Goldman Sachs run the world?”. However, many of the posts relate to other Wall Street firms and issues.

Mike Morgan is verifiably mad and would probably happily admit to it if you met him in person. He is also a very hard working guy who absolutely nailed the Florida meltdown condo by condo.

He publicly called some companies liars about their projects in the state and provided proof.

That Goldman feels  threatened by Morgan is a sign of how truly weird things have become. We wish Mike all the best in his fight.

4. The Big Piture has multiple posts

How to Puff Up Earnings, Goldman Sachs Style
By Barry Ritholtz - April 14th, 2009, 8:07AM

Leave it to the clever boys at Goldman Sachs to turn dross into gold: They have come up with a way to hide massive losses so clever, it requires special comment: The Orphan Month.

Yesterday, we noted that the bulk of their profits had come from AIG transfer payments — the theft from taxpayers AIG 100% payouts funded via bailout monies that saw Goldie as one of the largest recipients. Floyd Norris notes that most of the AIG effect was in December. “For the first quarter, the total A.I.G. effect on earnings was, in round numbers, zero.”

How is it possible that this occurred? Isn’t GS on a December to February calendar? Well, there is a small asterisk about that. It seems that GS is moving from a December to a quarterly calendar. Meaning their latest Q is January thru March.

But what of December, with all t he AIG monies and the comparison to the strong December 2007 and all?

In a word, Orphaned:

Goldman’s 2008 fiscal year ended Nov. 30. This year the company is switching to a calendar year. The leaves December as an orphan month, one that will be largely ignored. In Goldman’s news release, and in most of the news reports, the quarter ended March 31 is compared to the quarter last year that ending in February.

The orphan month featured — surprise — lots of writeoffs. The pre-tax loss was $1.3 billion, and the after-tax loss was $780 million.

Would the firm have had a profit if it stuck to its old calendar, and had to include December and exclude March?

Truly astounding . . . the word Chutzpah simply does not do it justice . . .

5. Goldman Sachs: No Criticism By Bloggers Allowed

By Barry Ritholtz - April 13th, 2009, 6:00AM


Some politicans (Useful idiots) are getting ambitous starting from here

Democrat Budget Committee Member Doesn't Know the Difference between Treasury Secretary and Federal Reserve Chairman

To here:

Congressman Alan Grayson On the Big Picture and the Fed

Alan Grayson on the Worst Deal Since Manhattan Was Sold for $24 in Trinkets

More? Ok.

This is from a March 5, 2009 Financial Services subcommittee hearing on 'systemic risk'. The witnesses are: Ms. Orice Williams, Director, Financial Markets and Community Investment, Government ...


And the first useful idiot, here she is again:


Tenth Amendment April 14, 2009

“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”

AUSTIN – Gov. Rick Perry today joined state Rep. Brandon Creighton and sponsors of House Concurrent Resolution (HCR) 50 in support of states’ rights under the 10th Amendment to the U.S. Constitution. 

“I believe that our federal government has become oppressive in its size, its intrusion into the lives of our citizens, and its interference with the affairs of our state,” Gov. Perry said. “That is why I am here today to express my unwavering support for efforts all across our country to reaffirm the states’ rights affirmed by the Tenth Amendment to the U.S. Constitution. I believe that returning to the letter and spirit of the U.S. Constitution and its essential 10th Amendment will free our state from undue regulations, and ultimately strengthen our Union.”

Force of Arms

If this dumb red neck gets it, how many others get it? Don't think this types will act on their anger? I think some will....

I am on the side of peace, law and order. Riots, meles and violence are against the interests of all Americans. But the law needs to be imposed and up held even on the elites in NY and DC. I think the law will be and this guy can return to his factory job turn bolts on car tires. 

4 Comments – Post Your Own

#1) On April 14, 2009 at 8:22 PM, abitare (29.47) wrote:

Another reference Fool's own dwot.

1. Tax dollars to the rich

April 14, 2009 – Comments (0)


Aren't you glad your tax dollars are being used to bailout ponzi investment schemes?

At least Goldman Sachs is getting more investment money to fund the next round of losses....

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#2) On April 14, 2009 at 8:34 PM, abitare (29.47) wrote:

FYI - more:
Goldman Sachs takes $12B Bailout, Hands out $14B Bonuses You aren't going to read about this in the US press, they are too busy lying about everything they report. We have to read about it in a British newspaper.More… (Business & Finance)


rpi22 made popular Nov 2, 2008 3546 diggs

Some Banks Now Want to Return Government Money Goldman Sachs and Morgan Stanley have indicated their companies were hoping to return bailout funds as quickly as possible, on worries government may intrude further in their business. ( on 500K salaries, no more 1st class hotels, junkets...gee, maybe they can make it on their own after all struggle on their own.)More… (Business & Finance)


Congress Has 43,457,362 Reasons to Help Goldman Sachs Not all their money has gone for mansions and Ferraris. The embattled Goldman Sachs investment banking firm and its employees have spent more than $43 million dollars on lobbying and campaign contributions to cultivate friends and buy influence in Washington, D.C. since 1989, according to an ABC News analysis of campaign finance records...More…

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#3) On April 14, 2009 at 9:35 PM, AnomaLee (28.85) wrote:

"I am guessing we are in some of the last days of shadow banking, GS has stepped way over board with putting Hank Paulson in the Treasury and writing himself a $700 billion dollar check. "

I think most of us who've frequented this site for a while are completely outraged and have witnessed and comprehended the atrocities that have occurred in shadow. But, there are many [many here as well] who are more or less like the person[?] in your video that will explain and express their outrage yet the only take action taken is drowning themselves attempting to drown the problem.

We are a society based on addictions. We are addicted to our lifestyles of self-imposed networks [ethnic, TV, financial, social groups, organizations, etc.]. That is the only thing our society will defend. Can you believe that people called for the police because they ran out of something on the menu atMcDonalds? Compare the amount of letters written to celebrities and TV shows versus those written to congressmen and key officials. 

During each and every one of sobering moments we realize and conclude that we're in an altered condition only to drink again.

Time does not repeat, but human behavior does. 

Morpheus:"You take the blue pill - the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill - you stay in Wonderland and I show you how deep the rabbit-hole goes."

Cypher: "I know what you're thinking, 'cause right now I'm thinking the same thing. Actually, I've been thinking it ever since I got here: Why oh why didn't I take the BLUE pill? "

I think we know which pill the pharamceutical companies would decide to make.

No one really wants to know how deep the rabbit-hole goes.

I didn't intend to express this much cynicism. Those of us in Wonderland ask if the phrase "Full of BS" be replaced by Full of GS"?

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#4) On April 14, 2009 at 10:15 PM, GNUBEE (< 20) wrote:

Caaaandygram for Abitare

Caandygram for Abitare

Thanks for the laugh,

GS shall be our economic pariah. Gotta find someone to stick it to, and who better than GS

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