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Government Sachs the PPT with Taxpayer Money?



April 29, 2009 – Comments (6) | RELATED TICKERS: GS

Rallies on Wall Street, of course, are good things -- unless it turns out that some people know the government is rigging the stock market and you don't.

That brings me to something called The President's Working Group on Financial Markets, which is commonly referred to as the Plunge Protection Team.

As I wrote in last Thursday's column, the Team has disappeared.

Try finding The President's Working Group at the US Treasury and you won't.

The guys and girls that Treasury Secretary Hank Paulson relied on so heavily last year when he was forcing Bank of America to buy Merrill Lynch and when he was waterboarding other firms into coming to Wall Street's rescue has gone underground.




NY Post smells something fishy,  shares the story:

Something Smells Fishy at Goldman Sachs

by Mike Morgan

Editor's Note: It's too bad the rest of main stream media is so scared and/or bought by Goldman Sachs. But not The New York Post. They tell it like they see it. Now if we could only get some serious attention from the regulators.

by John Crudele in The New York Post

SOMETHING smells fishy in the market. And the aroma seems to be coming from
Goldman Sachs.

. . .

But can you trust what the stock market is now doing any more than the rally last summer that ended badly or the one last December that ended horribly? The optimists on Wall Street will tell you that stock prices always rally ahead of an improving economy.

. . .

According to an outfit in Sausalito, Calif. called TrimTabs, the flow of money from regular investors (that's you and me) into the stock market has been rather moderate considering the 7-week market run.

. . .

So, who's moving the market? Professional traders, with Goldman Sachs
leading the way . . .

Read the full article - Click Here

6 Comments – Post Your Own

#1) On April 29, 2009 at 12:29 PM, abitare (29.60) wrote:

Of course here is our get oversite, Democrat Budget Committee Member Doesn't Know the Difference between Treasury Secretary and Federal Reserve Chairman

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#2) On April 29, 2009 at 12:29 PM, abitare (29.60) wrote:

Another post from

Goldman Sachs Executives - Where, What and . . .

by Mike Morgan | 6:48 PM in GS - Exective Hunt Team | comments (3)

Editor's Note: We are working on a project to identify where Goldman Sachs' executive have gone after leaving the nest. We want to track where they have landed and what influence they have had on financial and political issues. When our research is complete, we will publish a FREE Internet version of our research.

If you are interested in helping or if you have information for us, please email

Here is just a taste:

Robert Rubin - Former United States Treasury Secretary, ex-Chairman of Citigroup.

Henry Paulson - Former United States Treasury Secretary.

Edward Lampert- Brought K-Mart out of Bankruptcy in 2003.

Joshua Bolten - former White House Chief of Staff

Erin Burnett - CNBC Host

Jon Corzine - Governor of the State of New Jersey.

Michael Cohrs - Head of Global Banking at Deutsche Bank

Jim "The Mouth" Cramer - In Cramer We Trust - Mad Money on CNBC - Ultimate Jackass

Abby Joseph Cohen - Perma-bull market forecaster formerly of Drexel Burnham Lambert

George Herbert Walker IV - member of the Bush family and current managing director at Neuberger Berman

Robert Zoellick - United States Trade Representative (2001-2005), Deputy Secretary of State (2005-2006), World Bank President.

Mark Carney - Current Governor of the Bank of Canada

Michael D. Fascitelli- President & Trustee of Vornado Realty Trust.

Neel Kashkari - Assistant Secretary of the Treasury for Financial Stability

Malcolm Turnbull - Australian politician, currently the federal leader of the Liberal Party of Australia.

John Thain - former Chairman and CEO, Merrill Lynch, and former chairman of the NYSE.

Robert Steel - Chairman and President, Wachovia - Now with the boys and girls at Wells Fargo

Romano Prodi, Prime Minister of Italy twice (1996-1998 and 2006-2008) and President of the European Commission (1999-2004)

Mario Draghi, governor of the Bank of Italy (2006- )

Massimo Tononi, Italian deputy treasury chief (2006-2008)

This is not even a taste. This is just a smell from a mile away. You will be stunned when you see the full report.

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#3) On April 29, 2009 at 12:40 PM, abitare (29.60) wrote:


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#4) On April 29, 2009 at 12:48 PM, JGus (28.07) wrote:

Agree completely, Abit. I posted something similar a little while ago - Even Jack Bauer Couldn't Stop the 'Goldman Conspiracy'

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#5) On April 29, 2009 at 4:40 PM, russiangambit (28.70) wrote:

According to ZeroHedge, GS is 25% of the market volume. With this kind of the volume , GS is the market.

And GS had is currently bullish. When they get all the bears to give up or switch to the bulls, then they will get bearish themselvs.When that happens? May be another month?

I think they are on purposes driving up the most shorted stocks to get the short squeeze, - DIN anyone?

The scenario was very similar to the oil last year, where GS was cheerleading on. Only when the commodity trading loophole was closed the oil collapsed.

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#6) On April 30, 2009 at 8:52 PM, jszoke01 (26.85) wrote:

WTF is McCain babbling about????

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