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Suit Revives Goldman Conflict Issue
New York Times, by Susanne Craig &Jessica Silver-Greenb

Original Article

Posted By:pineledger, 10/11/2013 4:34:36 AM

At a March 2012 meeting, a group of examiners at the Federal Reserve Bank of New York agreed that Goldman Sachs had inadequate procedures to guard against conflicts of interest — guidelines aimed at stopping firms from putting their pursuit of profit ahead of their clients’ best interests. The examiners voted to downgrade a confidential rating assigned by the New York Fed that could have spurred costly enforcement actions and other regulatory penalties. It is not known whether the vote in fact led to a rating change. The former examiner who pushed for a downgrade, Carmen M. Segarra, now contends

Comments:
Please recall that Goldman was just about the only house that came out of the 2008 meltdown smelling like a rose. Please also recall that Obama-fan Warren Buffett then bought in at Goldman big-time and now has reaped about a $5B profit.

This stinks.

      


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Below, you will find ...

Most Recent Articles posted by "pineledger"

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Most Active Articles (last 48 hours)




Most Recent Articles posted by "pineledger"



Suit Revives Goldman Conflict Issue
New York Times, by Susanne Craig &Jessica Silver-Greenb    Original Article
Posted By: pineledger- 10/11/2013 4:34:36 AM     Post Reply
At a March 2012 meeting, a group of examiners at the Federal Reserve Bank of New York agreed that Goldman Sachs had inadequate procedures to guard against conflicts of interest — guidelines aimed at stopping firms from putting their pursuit of profit ahead of their clients’ best interests. The examiners voted to downgrade a confidential rating assigned by the New York Fed that could have spurred costly enforcement actions and other regulatory penalties. It is not known whether the vote in fact led to a rating change. The former examiner who pushed for a downgrade, Carmen M. Segarra, now contends

   

 

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A Tiny Pronoun Says
a Lot About You
Wall Street Journal, by Elizabeth Bernstein    Original Article
Posted By: pineledger- 10/8/2013 11:16:46 AM     Post Reply
You probably don´t think about how often you say the word "I." You should. Researchers say that your usage of the pronoun says more about you than you may realize. Surprising new research from the University of Texas suggests that people who often say "I" are less powerful and less sure of themselves than those who limit their use of the word. Frequent "I" users subconsciously believe they are subordinate to the person to whom they are talking. Pronouns, in general, tell us a lot about what people are paying attention to, says James W. Pennebaker, chair of the psychology

Buffett´s Berkshire set to get
nearly $2.15 billion of Goldman stock
Reuters.com, by Reuters    Original Article
Posted By: pineledger- 10/1/2013 8:28:24 AM     Post Reply
Warren Buffett´s Berkshire Hathaway Inc (BRKa.N) will receive Goldman Sachs Inc (GS.N) stock worth nearly $2.15 billion on Tuesday through warrants acquired as part of a deal originally signed during the depths of the 2008 financial crisis. Buffett received the warrants five years ago when his investment in Goldman was seen as a vote of confidence in the bank, which was reeling from turmoil in the credit market. Under that deal, Berkshire had the right to buy about 43.5 million Goldman shares - or a roughly 9 percent stake then - at an exercise price of $115 per share, for

Should Obama Reveal His
Inner P***ed-Off President?
Mother Jones, by David Corn    Original Article
Posted By: pineledger- 9/30/2013 1:33:05 PM     Post Reply
This is damn crazy. Isn´t it about time for President Barack Obama to say that? Or something like that? Once again, a rump group of Republican radicals in the House are throwing the US government into chaos, threatening a shutdown of federal agencies (unless Obama agrees to smother Obamacare in the crib) that could harm the economy and setting up another showdown over the debt ceiling that could cause a financial crisis that stretches from the United States to markets around the world. The president has denounced this obstructionism gone wild. On Friday, he decried House GOP "grandstanding," noting that

Populist Left Makes Warren
Its Hot Ticket
New York Times, by Jonathan Martin    Original Article
Posted By: pineledger- 9/30/2013 11:27:15 AM     Post Reply
After Senator Elizabeth Warren spoke at a luncheon in Beverly Hills, Calif., last month, women from the audience swarmed around her, many of them asking the same question: will you run for president? (Snip) Ms. Warren, a Massachusetts Democrat, said in an interview that she was not interested in seeking the presidency. And despite talk of a draft movement among some activists, it is difficult to imagine her taking on former Secretary of State Hillary Rodham Clinton. But in seizing on issues animating her party’s base — the influence of big banks, soaring student loan debt and the widening gulf

Not ONE word of official account of raid
that killed Bin Laden is true, claims
award-winning journalist Seymour Hersh
Daily Mail (UK), by Marie-Louise Olson    Original Article
Posted By: pineledger- 9/28/2013 1:47:03 PM     Post Reply
A Pulitzer Prize-winning journalist says that the official account of the raid which killed Osama Bin Laden in 2011 is ‘one big lie’. Seymour Hersh, 76, said that ‘not one word’ of the Obama administration’s narrative on what happened is true. (Snip)Hersh said the American press spends ‘so much more time carrying water for Obama than I ever thought they would’. In his opinion, the solution would be to shut down news networks like NBC and ABC and fire 90 per cent of mainstream editors and replace them with ‘real’ journalists who are not afraid to speak truth to power. ‘The

   

 

  


 
Miley, Go Back to School
Time, by Camille Paglia    Original Article
Posted By: pineledger- 8/28/2013 4:46:38 AM     Post Reply
“Disgusting!” “Raunchy!” “Desperate!” So went the scathing reviews that poured in after once wholesome Disney star Miley Cyrus’ recent bizarre performance at the MTV Video Music Awards. (Snip) But the real scandal was how atrocious Cyrus’ performance was in artistic terms. She was clumsy, flat-footed and cringingly unsexy, an effect heightened by her manic grin. How could American pop have gotten this bad? Sex has been a crucial component of the entertainment industry since the seductive vamps of silent film and the bawdy big mamas of roadhouse blues. Elvis Presley, James Brown and Mick Jagger brought sizzling heat to rock,

Will Obama Finish What
He Starts in Syria?
Commentary, by Jonathan S. Tobin    Original Article
Posted By: pineledger- 8/27/2013 4:43:24 AM     Post Reply
The fact that United Nations weapons inspectors came under fire today in Syria as they attempted to visit the site of last week’s chemical weapons attacks didn’t do much to enhance the credibility of a mission that never had a chance of success. (Snip)Count me among those who believe that the U.S. cannot afford to make threats such as those made by Obama and let them slide. But if the U.S. attacks and Assad survives, America’s credibility—and that of the president—will be hurt, not enhanced. At this stage, mere gestures won’t be enough. To the contrary, once the West enters

Obama Says Law School
Should Be Two, Not
Three, Years
New York Times, by Peter Lattman    Original Article
Posted By: pineledger- 8/24/2013 4:09:55 AM     Post Reply
President Obama urged law schools on Friday to consider cutting a year of classroom instruction, wading into a hotly debated issue inside the beleaguered legal academy. “This is probably controversial to say, but what the heck. I am in my second term, so I can say it,” Mr. Obama said at a town hall-style meeting at Binghamton University in New York. “I believe that law schools would probably be wise to think about being two years instead of three years.” The president’s surprising remarks, made while discussing how to make education more affordable, come at a time of crisis for

´You are good, Barack
Obama. You are great´:
Fury as mother uploads
video of little boy appearing
to pray to the President
Daily Mail (UK), by James Nye    Original Article
Posted By: pineledger- 8/13/2013 10:23:45 AM     Post Reply
A little boy´s prayer for President Barack Obama has sparked the ire of conservatives after his mother videoed her son on his knees and uploaded it to YouTube. Much of the controversy revolves around the fact that like many young boys he seems to muddle his words up making it seem he is praying directly to the president. Thanking the commander in chief for his courage and bravery, the boy, known as Stephen, even thanks God for endowing the president with ´a special power´.

T.S.A. Expands Duties
Beyond Airport Security
New York Times, by Ron Nixon    Original Article
Posted By: pineledger- 8/6/2013 5:10:27 AM     Post Reply
Washington--As hundreds of commuters emerged from Amtrak and commuter trains at Union Station on a recent morning, an armed squad of men and women dressed in bulletproof vests made their way through the crowds. The squad was not with the Washington police department or Amtrak’s police force, but was one of the Transportation Security Administration’s Visible Intermodal Prevention and Response squads — VIPR teams for short — assigned to perform random security sweeps to prevent terrorist attacks at transportation hubs across the United States.(Snip)With little fanfare, the agency best known for airport screenings has vastly expanded its reach

   

 

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Sculptor Removes Phrase
From Memorial to King
New York Times, by Erin Banco    Original Article
Posted By: pineledger- 8/2/2013 8:34:34 AM     Post Reply
Washington--The Chinese sculptor Lei Yixin finished removing a contentious phrase on the memorial for the Rev. Dr. Martin Luther King Jr. on Thursday in preparation for the 50th anniversary of the March on Washington at the end of the month. The phrase came from Dr. King’s “Drum Major Instinct” speech. It read, “I was a drum major for justice, peace and righteousness.” Critics of the memorial, including the poet Maya Angelou, said the phrase did not show the true nature of the full quotation.



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Posted By: drive- 10/9/2013 8:05:54 AM     Post Reply
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Posted By: StormCnter- 10/9/2013 6:13:14 AM     Post Reply
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Charles Krauthammer: Where
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Posted By: BuckeyeRon- 10/10/2013 2:58:45 PM     Post Reply
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Posted By: NorthernDog- 10/9/2013 8:55:11 PM     Post Reply
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Posted By: StormCnter- 10/10/2013 6:12:51 AM     Post Reply
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Posted By: StormCnter- 10/10/2013 3:10:08 PM     Post Reply
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Posted By: Desert Fox- 10/10/2013 7:55:54 PM     Post Reply
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The Muslim Brotherhood
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36 replie(s)
Front Page Magazine, by Robert Spencer    Original Article
Posted By: SpeedMaster- 10/10/2013 5:37:02 AM     Post Reply
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Breitbart the Conversation, by Lisa De Pasquale    Original Article
Posted By: JoniTx- 10/10/2013 11:07:44 AM     Post Reply
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