It is hard to believe that anyone in main stream would be more inane and brown nosing than "Faux News". But Forbes Harry Binswanger (whom Taibbi says could be "Harry Kingbanger" or "Harry Wandwanker") sucks up to Goldman Sachs with his Forbes OpEd article absurdly titled "Give Back? Yes, It's Time for the 99% to Give Back to the 1%". In that story that also (believe it or not) by Wanger-banter-banger defends Ayn Rand, states the following ridiculous remarks;
Imagine the effect on our culture, particularly on the young, if the kind of fame and adulation bathing Lady Gaga attached to the more notable achievements of say, Warren Buffett. Or if the moral praise showered on Mother Teresa went to someone like Lloyd Blankfein, who, in guiding Goldman Sachs toward billions in profits, has done infinitely more for mankind. (Since profit is the market value of the product minus the market value of factors used, profit represents the value created.)Harvey Swingfanger didn't link to Matt 's "vampire squid"; but it irked Taibbi enough that he responded in kind. Thank G-d Rolling Stone (who had put on its September 2012 cover Taibbi's article "Greed and Debt: The True Story About Mitt Romney and Bain Capital") this time did not find it necessary to edit out Matt Taibbi's mention of yours truly eToys case as one of the cases to refute the premise that Goldman Sachs is better than Mother Teresa.
Instead, we live in a culture where Goldman Sachs is smeared as “a great vampire squid wrapped around the face of humanity.” That’s for the sin of successful investing, channeling savings to their most productive uses, instead of wasting them on government boondoggles like Solyndra and bridges to nowhere.
More Below the Fold....
Goldman Sachs & Bain Capital Conspired to Destroy eToys
To sum up the issues at hand germane to this D writer, Goldman Sachs and Bain Capital utilize the same law firm in Delaware of Morris Nichols Arsht & Tunnel ("MNAT"). That law firm lied to the Delaware bankruptcy court and confessed it did so about Goldman Sachs. Then MNAT - while benefiting from Perjury acts - handpicked a cohort in crime (Paul Traub) to be the one to prosecute Goldman Sachs in the New York Supreme Court case of eToys (renamed ebc1 when Bain Capital stole the eToys.com domain names) versus Goldman Sachs (case number 601805/2002).
CAN Frank Nitti be allowed to pick a friend to prosecute Al Capone?
Of course not!
Can Al Capone "retroactively" dodge Tax Evasion by simply giving back some now?
Of course not!
Matt Taibbi's Spank of Forbes Wanker on Goldman Sachs eToys Scams
So Harry Binswanger suggest that the 99% owes the 1% even more (than the 1% steals/deals already). So much so that Taibbi says Binswanger actually states that anyone getting over $1 million a year should never pay any tax. For Real!
To the notion that Goldman Sachs is good for the world (and better than Mother Teresa) Rolling Stone's Matt Taibbi has much evidence to the contrary to say in his Blog article titled; "Forbes Calls Goldman CEO Holier Than Mother Teresa". What excites yours truly is that Taibbi went out of his way to speak out about our eToys case and how Goldman Sachs is not a nice guy (and was classy about it all in a way I'll tell you later). This is what Matt Taibbi said about eToys;
"Just for yuks, let's fill Binswanger in on some of the ways Goldman has made its money over the years. This is just the stuff they've been caught for, by the way.
• Way back in 1999, several eras of corruption ago, Goldman serially engaged in manipulation of the IPO markets, including illegal tactics like "spinning" and "laddering," where insiders and top bank clients would be allowed to buy shares in new companies at severely discounted prices, sometimes in return for investment banking business or for promises that those insiders would jump back into the bidding later to jack up the price artificially. In a famous case involving eToys, Goldman paid a $7.5 million settlement for allowing insiders to buy shares at $20, far below the $75 shares the company traded on opening day. The secret discounts might have cost the company hundreds of millions of dollars. The firm went bankrupt in short order, by the way".
Goldman Sachs and Bain Capital are in BIG Trouble!
Reuters new story that Taibbi links to in his remarks "a famous case involving eToys" - has an errant title that states everything is now over.
We regret to inform Reuters/Westlaw reporter Tom Hals got it wrong with his title of the story that; "Goldman Sachs finally ends litigation over 1999 eToys IPO"
It ain't over till Laser Haas quits!
Once again, I'm compelled to go back to the issues at hand. The Delaware Bankruptcy Court already punished Morris Nichols Arsht & Tunnel ("MNAT") - who is the law firm for Goldman Sachs in Delaware.
It is a matter of court docket record - archived - that MNAT lied about its connections to Mattel, GECC, Bain Capital and Goldman Sachs. Then MNAT actually was forced to CONFESS it's bad faith in 2005; because MNAT got "caught".
At that time the Delaware Bankruptcy Court punished MNAT and addressed the fact that MNAT should be disqualified (removed from the case); but then the judge said the case is now over and it would not be practical to remove MNAT now. You can see the Delaware Bankruptcy Court Opinion at the Court's website (and - HERE).
That was in 2005 and here we are 8 years later -the case is still going strong.
What Taibbi should be addressing (and hasn't yet) is that, in essence, Goldman Sachs sued Goldman Sachs and Goldman Sachs decided to "settle" with Goldman Sachs to give back $7 million of the hundreds of millions it stole from eToys a decade ago. Plus, some of that $7 million is going to Goldman Sachs law firm.
It is all so ILLEGALLY absurd!
Goldman Sachs Law Firm Partner Was a U. S. Attorney For 7 Years
Now this is the REAL BIG story. It is Mitt Romney's ultimate "retroactive" secret. If Matt Taibbi would simply be allowed to point out this fact, by just asking the question of "How is it that Goldman Sachs and Bain Capital were not investigated by the Delaware United States Attorney Colm Connolly; who worked for the MNAT law firm that represents Goldman Sachs and Bain Capital"?
Then this whole case would be over!
Where Colm Connolly then refused to investigate his former partners & clients!
And that's not the rest of the story. When I reported this to the Public Corruption Task Force in Los Angeles on December 7, 2007, when the answer was due 12 weeks later, the Department of Justice Public Corruption Task Force was SHUT DOWN and career federal prosecutors were purportedly THREATENED to keep their mouths shut or ELSE!
See the L.A. Times story "Shake-up roils federal prosecutors"!
It is hard to believe that so much can go on in a few cases and yet no one is being arrested, indicted and prosecuted. But it is much harder to comprehend that the Department of Justice personnel in the ranks can snow their bosses so much.
For surely it must be that Eric Holder has No Idea!
Be that as it may, Goldman Sachs can not be permitted to settle several hundred millions of dollars in fraud for just $7 million. It is ABSURD!
What is even much more bogus is that a United States Attorney was allowed to bury such massive frauds and CONFESSED acts of Perjury (more than 33) - and still let the White Collar Pirates keep the keys to the vaults they are fleecing. Even the Judge, in here OPINION of October 4, 2005 (on page 16) stated that it would be wrong to punish plaintiff and reward conflicted attorneys;
but that's exactly what is happening in eToys case!
Goldman Sachs is attempting to settle how much it stole from eToys and give back a few million out of the hundreds of millions Goldman Sachs stole. The same attorneys who are doing this fraud just so happen to also work for Mitt Romney's Bain Capital. MNAT represents Bain Capital in the $83 million Kay Bee Toys fraud that Michael Glazer paid Bain Capital when he paid himself $18 million; before filing bankruptcy of Kay Bee.
And Paul Traub asked to be the Prosecutor of Glazer and Bain.
If ANYONE other than yours truly reports the fact, asks the questions or says that Bain Capital stole/sold eToys federal bankruptcy estate goods to Bain Capital/ Kay Bee then Toys R Us (which is owned by Bain Capital) will have to give back the stolen property of eToys.
Obviously, if yours truly were sitting in his eToys chair that Barry Gold is now sitting in, Goldman Sachs and Bain Capital could never get away with their fraud. That is why yours truly was thrown out after I turned down the $850,000 bribe offer and chance to become Mitt Romney's partner. Almost all my friends and family says I;m stupid for doing so.
What do you think?
All we can do is hope and pray that somebody (and I would love for it to be Taibbi) will point out all these issues. Evil Robber Barons want to SEAL all this stuff from public view. As is reported by the New York Times March 2013 article "Rigging the I.P.O. Game" - the entire case of eToys v Goldman Sachs is under SEAL. One reason the crooks put that under SEAL is due to the fact yours truly kept digging and finding more frauds. Including the fact that;
MNAT Destroyed eToys Books & Records (HERE).
That's Obstruction of Justice - via Perjury - to Destroy Evidence!
Having had a discussion with some venerates of the realm. Including those who do and do not believe in my postings, I'm taking advice from experts upon high. Including persons who are attorneys at law that care about what is going on in our cases; and people who are experts with vast experience.