Since the Financial Meltdown and Great Heist of 2008, slowly but surely the truth of what has happened in our nation is coming forward, regardless of the 'spin' and because of the brilliant reporting by so many knowledgeable financial websites and experts on how our key financial markets have been hi-jacked and compromised by 'new wizard machine technology' it is becoming blatantly clear that there is simply no reason left on the face of the earth that Attorney General Eric Holder has not taken the necessary steps to convene a Grand Jury to investigate the 'continuing cover up' and fraud on an epic scale that Goldman Sachs is responsible for, including bilking billions of dollars from Americans with their 'super duper secret front running wizard machine.
Attorney General Eric Holder is a moral coward, a disgrace to his profession and is obstructing justice on behalf of Goldman Sachs. There is simply no other reason, and I welcome the debate based on the following facts outlined in this diary.
Lets review some history first:
Greg Gordon of McClatchy Newspapers conducted a five-month investigation into the shady corrupt dealings of Wall Street investment bank Goldman Sachs, and here is some of what he found:
GS Bought and converted into high-yield bonds tens of thousands of mortgages from subprime lenders that became the subjects of FBI investigations into whether they’d misled borrowers or exaggerated applicants’ incomes to justify making hefty loans. GS used offshore tax havens to shuffle its mortgage-backed securities to institutions worldwide, including European and Asian banks, often in secret deals run through the Cayman Islands, a British territory in the Caribbean that companies use to bypass U.S. disclosure requirements. GS has dispatched lawyers across the country to repossess homes from bankrupt or financially struggling individuals, many of whom lacked sufficient credit or income but got subprime mortgages anyway because Wall Street made it easy for them to qualify. GS was buoyed last fall by key federal bailout decisions, at least two of which involved then-Treasury Secretary Henry Paulson, a former Goldman chief executive whose staff at Treasury included several other Goldman alumni.
The firm benefited when Paulson elected not to save rival Lehman Brothers from collapse, and when he organized a massive rescue of tottering global insurer American International Group while in constant telephone contact with Goldman chief Blankfein. With the Federal Reserve Board’s blessing, AIG later used $12.9 billion in taxpayers’ dollars to pay off every penny it owed Goldman. These decisions preserved billions of dollars in value for Goldman’s executives and shareholders. For example, Blankfein held 1.6 million shares in the company in September 2008, and he could have lost more than $150 million if his firm had gone bankrupt. With the help of more than $23 billion in direct and indirect federal aid, Goldman appears to have emerged intact from the economic implosion, limiting its subprime losses to $1.5 billion. By repaying $10 billion in direct federal bailout money — a 23 percent taxpayer return that exceeded federal officials’ demand — the firm has escaped tough federal limits on 2009 bonuses to executives of firms that received bailout money. Goldman announced record earnings in July, and the firm is on course to surpass $50 billion in revenue in 2009 and to pay its employees more than $20 billion in year-end bonuses.
http://www.alterpolitics.com/...
The fact that these crooks and liars are getting away with economic terrorism and 'secret wizard machine' bilking millions of dollars a day right under the noses of the SEC (who just looks the other way and is fully corrupt) only proves my point - where in the hell is Eric Holder and why isn't he lifting a finger to stop any of this corruption?
Let's take the two recent incidences that may in fact begin to shed light on just how Goldman Sachs is able to 'get away' with billions:
Sergey Aleynikov, the former Goldman programmer, who was arrested by the FBI in July last year on virtually a day's notice after Goldman told the FBI the Russian had stolen secrets that could be used to manipulate markets, has just been indicted on charges he stole computer codes used for proprietary high-frequency trading programs. The specific charges include theft of trade secrets, transportation of stolen property in interstate and foreign commerce and unauthorized computer access. The charges carry a total jail time of 25 years.
As is now well-known, Aleynikov, shortly before his departure from Goldman, was hired by Misha Malyshev's Teza Technologies. The firm was founded after Malyshev left his former post as head of High Frequency Trading at Citadel. According to prosecutors, in July 2009 Sergey flew to Chicago and brought a laptop and another storage device containing Goldman's proprietary souce code to a meeting at Teza's office. Malyshev has denied any allegations that he has received Goldman's prop HFT code.
The indictment comes at a time when most observers had expected this case would be settled quietly, as the prevailing sense was the Goldman had no actionable case, especially after numerous months of court delays. The question now is how much information will be made available for discovery, and how much will be filed under Seal so that no additional Goldman HFT secrets enter the public domain.
http://www.zerohedge.com/...
Sergey Aleynikov (if he spills the beans on Goldman Sachs) may end up becoming the one individual in our country who can finally put a crack in the tip of the iceberg of the fraud and corruption that Attorney General Eric Holder is now complicit in 'covering up.' Just so we understand what this man was trying to 'steal' and why this case is so important we need to understand how and why and how this 'secret wizard machine' works.
The news media, along with Goldman Sachs and many other Wall Street companies and people of power are all involved in the biggest cover up in the history of the United States. It involves greed to the fullest extend. The SEC is responsible, under the leadership of Christopher Cox in July 2007, the Securities Exchange Commission abolished the Up Tick rule. The elimination of the Up Tick rule created a wave of corruption that grew out of control, based on Naked Short Selling and the use of secret software and super fast computers.
Insider trading has played a role in the financial crisis, yet the story not being told by the news media is the arrest of a Goldman Sachs employee who tried to steal Goldman Sachs secret software. This arrest came over the July 4th Holiday week-end and was aired briefly on a Saturday night on TV and then came Monday July 6th, 2009 and the story disappeared. A few weeks later Goldman Sachs reported its FY 2009 2nd QT earnings ( April – May -June ) and Goldman Sachs made over $100 million dollars a day in 46 of the 64 trading days for that quarter. How could this be possible after a 17 month recession. Wall Street changed two major Laws. The first being the use of decimal places (2001 )instead of fraction. Years later and after they lobbied for the removal of the Up Tick rule ( 2007 ) the secret software was designed and in place ready to go into full operation now that Wall Street was allowed to naked short sell millions upon millions of shares that Goldman Sachs and other hedge funds didn’t even own and failed to deliver. Their greed took over, who wouldn’t , when Goldman Sachs was making over $100 million a day in trading. They destroyed companies like Sirius XM radio and overstock.com and many others. Then they began naked shorting the banking industry and attacking each other.
This is the truth that the news media, corporate America, the SEC, the Government, Goldman Sachs, Hank Paulson and the many others that were in power have not told the American people and the world. Now, they are now trying to con the world into thinking it was insider trading that caused 95% of the middle class workers to lose 20% – 60 % of their investments and 401K’s. And why again isn't Attorney General Eric Holder 'looking into this or even talking about it?'
You tell me. Why hasn't Eric Holder even questioned Sergey Aleynikov? And who in New York has been assigned to this case in Federal Court, and why is Eric Holder not coming forward and even making a statement about it?
Imagine what would happen if Sergey Aleynikov literally squeals his brains out...and becomes the 'catalyst' that ends up putting Attorney General Holder front and center. Here's a question for you Holder:
If Aleynikov stole technology that could be used to "manipulate markets," then what was Goldman Sachs doing with technology in the first place?
I guess we'll know more about just how 'protected' Goldman Sachs really is when somehow the prosecutor or Goldman Sachs attorneys claim National Security as an excuse (like the SEC did in 'sealing' the AIG cover up) as to why 'we peasants' are not allowed to understand what the hell Goldman Sachs was doing with their 'magic wizard manipulating market machine' in the first place.
You are a disgrace to this country Attorney General Holder, and you are a coward and a liar and a thief on top of that. You are sworn to uphold the laws of this nation and protect the American people from predators and crooks and you are obstructing justice.
Just to show you how 'long the fingers of Goldman Sachs reach' take a look at how Goldman Sachs decided to use yet another 'magic machine' to skewer the votes recently on a the Robin Hood tax:
Campaigners for a "Robin Hood tax" watched with alarm as thousands of votes poured into their website, rejecting their proposal for a levy on City wheeler-dealing, to raise money to fight poverty and climate change.
After a bit more investigation, though, the unlikely backlash against the rob-the-rich plan – almost 5,000 no votes against the Robin Hood tax within 20 minutes – turned out to emanate from just two computer servers, one of which was registered to the investment bank Goldman Sachs.
http://www.guardian.co.uk/...
It would appear the eventually it will be Europe that leads the way to making certain that world wide financial reform will, no matter what the Bankers or Wall Street say here (and get away with in our nation) and that is a dirty rotten shame.....
Attorney General Eric Holder is covering up for Goldman Sachs and there is no reason left for him not to immediately convene a Grand Jury and demand a investigation.
The 'wild card' is this man Sergey Aleynikov. Imagine this man as a new American hero, who blows the lid off of the nation's biggest cover up in our history. Lord knows, we can't depend on Eric Holder to do anything other than 'protecting the Oligarchy overlords' who ruined our nation, and have absolutely no loyalty or scruples, and would screw their own mothers out of their life savings (which they did, and will do again, you can take that to the bank).
Thanks.