Are you a Stamford resident two shakes away from being thrown out on your ass? All may not be lost, if you make a mental note to show up at the Yerwood Center this Saturday, where Goldman Sachs trader Christopher Meek will be holding a meet and greet with distressed homeowners and lenders (including HSBC, People's United Bank, New Alliance Bank, Webster Bank and Freedom Mortgage) to share some leaf cookies and assess some situations. Also in attendance will be debt counselors from Housing Development Fund, Neighbor Works, the Urban League of Southern CT and the Connecticut Housing Finance Authority.
Meek came up with the idea last fall while talkin' foreclosures over beers with work pals. Chris suggested organizing an info session between the foreclosers and the foreclosees, and his naysaying colleagues said "you'll never be able to do it," bet him a cup of coffee he couldn't, and ordered more shots. How wrong those drunk bastards were.
Chris told the Stamford Advocate that working on the event for the past several months has "...opened my eyes to things...I truly believe this economic environment has made everyone a kinder, gentler person." He expects that around 72 families may be able to modify their loans this weekend, though as many as 200 could show up. But no one will go home empty handed. Any people that can't come to some sort of resolution with the lenders will be offered a Snuggie and a warm bed, no questions asked, at this place.
Posted by guest , Apr 15, 2009 12:17PM
Goldman Sachs employee + working on a Saturday? wha?
Posted by guest , Apr 15, 2009 12:19PM
Shine your pitchforks.
Posted by guest , Apr 15, 2009 12:22PM
Video of Blankfein's response:
http://www.youtube.com/watch?v=CRAJshdb1GU
Posted by guest , Apr 15, 2009 12:25PM
Homeowners, it's a trap!
Meeks plans to get you in a room, securitize you, and sell you to the Chinese, while he reaps his customary enormous fees!
Posted by guest , Apr 15, 2009 12:28PM
GoldmanSachs666.com is a dis-information site put up by Goldman, to tell us all the obvious facts, that we already knew, thereby distracting us from the
real conspiracy of Goldman along with others to crash every stock market in the world in 2008. Bedsides the Trillion dollars to be made, crashing the market,
Goldman saw a chance to eliminate their competition, and consolidate the small regional banks into bit size pieces with the help of the FDIC, not to mention, get
sweeping new powers for the FED and Treasury, under the guise of new regulation. Lastly, the FED Reserve Bank, decided the the CDS game had gotten way to big and
unruly and it was time to bring in all the chips back to the nearest Fed Bank!
By 2007, the CDS market had ballooned to over 100 trillion dollars and it was time, to rein in this monster. Even though sub-prime had constituted only
5% of this mess, it would make a great scape goat, to feed to the angry public when the crash happened. The public and media were already in the dark
of course, because how technical finance terminology had gotten over the years. Not knowing the difference between a bank and merchant bank is killer. Thinking a
derivative is actually an asset (thanks to TARP) and so on. So, of course Goldman has declared a nominal loss for the year, and stashed trillions somewhere to be realized in
the future. .
I am sure it will show up soon, but in the mean time here is why I think Goldman Sachs, along with others are the main conspirator(s) in crashing the market.
In 2007, Goldman shorts the ABX (sub prime) index and makes about a Billion dollars doing so. Yet, one year later Hank Paulson who becomes US Treasury,
tells Bush and Congress that "he didn't see it coming." (the real estate thing) even though he was just CEO of Goldman one year prior to their bet against
the sub prime real estate market. PAulson was a visionary for the industry. He didn't forget his vision nor put Goldman's long term strategy on hold because he
became a public servant. Goldman, simply lent Paulson to the government for 2 years. Paulson's loyalties lie with Goldman. Hank Paulson most certainty
knew that sub prime would tank before he went to the Treasury. Any Joe with a small brain knew that sub prime would blow-up, but what we didn't know
was that Wall ST had been collateralizing it all these years.
This is very important because if Hank Paulson knew that sub prime would tank, then that means he already had the "bailout plan" deceptively known as TARP
in his back pocket before he got the post as Treasury. I think Goldman new that heavy shorts on ABX sub prime index could be enough to get the avalanche started.
Flash forward to July of 08, and a we see a massive sell off in the commodities markets with the media blaming it on a slowing economy. It was really Goldman's people at
the Exchanges that raised requirements across the board, forcing many out of the market. This really helped the crisis to blaze along. Commodities/Futures would lose 50%-
75% over the ensuring months. Goldman even cornered the oil market in July. Goldman publicly announces OIL forecast of $200 but are shorting it at the same time, to get the
public to buy when they are dumping.
Goldman's former employee Cristopher Cox, headed the SEC for the many years. It was his job to make sure that regulations were very lax, and
employees did not to follow up cases. Cox would also raise margin requirements on equity products when the time was right. Cox would also tip off Goldman as
what other firms were "holding" and Goldman was known to gun down these positions.
Flash forward to the September, and we see Hank Paulson take Lehman Bros into a private room in the White House, where he was executed. The President was the only
witness. I'm pretty sure Hank new that this would rattle the markets. Just as he wanted! And the the perfect alibi, "didn't have the legal authority."
Boy, how that changed a week later, with the AIG bailout. If this didn't get the avalanche going, Hank decided he would have his contact at Moody's cut AIGs'
rating. His contact is Warren Buffet who owns 20% of Moody's and recently threw 5 Billion at Goldman. By cutting their rating, AIG was forced to
find Billions overnigth. A bit impossible, even for Wall ST. It would never happen. Not a chance!, But wait, Here comes the government to save the day! Yes!
Is that HanK Paulson over there with a $700 billion plan? Hank, That plan looks worn out like its been in your back pocket a few years?
It sort of is has says Hank. "You can barely read the part "to big to fail." Alright, enough with the jokes.
Hank knew that there would be this tug-a-war between the markets and DC while he pitched his plan. After the market had fallen to Goldman's likening,
it was time for Hank to really press urgently and threaten Congress to pass it. Martial law and great depression are the words he used. They pass the bill and market rallies
900 points. Then you have Jim Crammer from Mad Money, after watching the market crash for 11 days in a row, tell the American Public to sell everything. Did I mention
Crammer is a former Goldman partner. If the market rebounds this year, then you know he is "in" on the conspiracy.
It also would hold that Crammer is just a tool for Goldman to abuse the public with, because he never makes any sense when he talks.
Since AIG slipped through the biggest loophole ever, not to be regulated by the CFTC and SEC because they are an insurance company, that loophole was
well known 5 years ago, which leads me to believe that AIG was hank picked to be the fall guy at the inception of this conspiracy 5 years ago. It was their
mission, and with Goldman advising them, to get so big, as to be "to big to fail." Possibly even Citigroup. When you look at how large Citi got relative
Goldman, Morgan and others, 10 times as big, it makes it seem they are a fall guy. If the smarter guys at the table new way in advance about sub prime, they
probably were force feeding it to the dumber guys at the table. Rubin, former Goldman, sat on Citi's Board. Maybe as a Trojan Horse? Goldman has a
habit of looking at others books and either reneging on either a merger deal, as they did with Morgan Stanley, or just straigth up fucking you if you were in the he oil market,
as experienced by billion dollar firm Semgroup, bankrupted in July 08.
The reason I feel that this was conspired 5 years ago is that is when sub prime was invented and the idea of using "sub prime" as a scape goat when it was time
to rein in the 100 trillion dollar CDS market. Did I mention the market was unregulated thanks to efforts of Rubin, Summers, Ghram and Paulson in the 90's.
It's highly possible that Freddie Mae and Freddie Mac were also made to be fall guys. What if they were influenced, or bribed by the bankers to get as big as possible.
We all know Indy Mac, specialized in LIARS or Ninja Loans. We also knew that Wall ST had a voracious appetite for pooled loans of any quality. They couldn't fill
the CDS boxes fast enough. The regional small lenders couldn't keep up with the demand from Wall St. Even though it was junk, it didn't matter. Moody's would stamp AAA
on the box, and AIG would see insurance against "anything in the box."
Check this out - What are the odds that the 2 most eventful (events) in our lifetime(s) happened on the 1st and Last years of the President's watch?
That would be 911 and the Credit Crisis.
Looks like Bush was made to be a fall guy too! That would explain why Goldman gave Obama $700 million. Yes just million. Wow, haven't used that word in a while.
Lets rehearse. It goes like this. Million, Billion, Trillion, Quadrillion. Only merchant bankers get to use the last word.
Maybe Hank Paulson will be on the 1000 dollar "Amerio." who knows.
Patrick the Painter
my Toubled Assets need Relief too!
Posted by guest , Apr 15, 2009 12:29PM
It's spelled Meek, not Meeks. Details, Bess.
Posted by guest , Apr 15, 2009 12:31PM
TARP that Keg, Meek.
Posted by guest , Apr 15, 2009 12:32PM
California met with Barney Frank to ask Feds to guarantee its debt with TARP money. California continues to party like it's 1999.
http://www.sacbee.com/topstories/story/1781008.html
Posted by guest , Apr 15, 2009 12:32PM
GoldmanSachs666.com is a dis-information site put up by Goldman, to tell us all the obvious facts, that we already knew, thereby distracting us from the
real conspiracy of Goldman along with others to crash every stock market in the world in 2008. Bedsides the Trillion dollars to be made, crashing the market,
Goldman saw a chance to eliminate their competition, and consolidate the small regional banks into bit size pieces with the help of the FDIC, not to mention, get
sweeping new powers for the FED and Treasury, under the guise of new regulation. Lastly, the FED Reserve Bank, decided the the CDS game had gotten way to big and
unruly and it was time to bring in all the chips back to the nearest Fed Bank!
By 2007, the CDS market had ballooned to over 100 trillion dollars and it was time, to rein in this monster. Even though sub-prime had constituted only
5% of this mess, it would make a great scape goat, to feed to the angry public when the crash happened. The public and media were already in the dark
of course, because how technical finance terminology had gotten over the years. Not knowing the difference between a bank and merchant bank is killer. Thinking a
derivative is actually an asset (thanks to TARP) and so on. So, of course Goldman has declared a nominal loss for the year, and stashed trillions somewhere to be realized in
the future. .
I am sure it will show up soon, but in the mean time here is why I think Goldman Sachs, along with others are the main conspirator(s) in crashing the market.
In 2007, Goldman shorts the ABX (sub prime) index and makes about a Billion dollars doing so. Yet, one year later Hank Paulson who becomes US Treasury,
tells Bush and Congress that "he didn't see it coming." (the real estate thing) even though he was just CEO of Goldman one year prior to their bet against
the sub prime real estate market. PAulson was a visionary for the industry. He didn't forget his vision nor put Goldman's long term strategy on hold because he
became a public servant. Goldman, simply lent Paulson to the government for 2 years. Paulson's loyalties lie with Goldman. Hank Paulson most certainty
knew that sub prime would tank before he went to the Treasury. Any Joe with a small brain knew that sub prime would blow-up, but what we didn't know
was that Wall ST had been collateralizing it all these years.
This is very important because if Hank Paulson knew that sub prime would tank, then that means he already had the "bailout plan" deceptively known as TARP
in his back pocket before he got the post as Treasury. I think Goldman new that heavy shorts on ABX sub prime index could be enough to get the avalanche started.
Flash forward to July of 08, and a we see a massive sell off in the commodities markets with the media blaming it on a slowing economy. It was really Goldman's people at
the Exchanges that raised requirements across the board, forcing many out of the market. This really helped the crisis to blaze along. Commodities/Futures would lose 50%-
75% over the ensuring months. Goldman even cornered the oil market in July. Goldman publicly announces OIL forecast of $200 but are shorting it at the same time, to get the
public to buy when they are dumping.
Goldman's former employee Cristopher Cox, headed the SEC for the many years. It was his job to make sure that regulations were very lax, and
employees did not to follow up cases. Cox would also raise margin requirements on equity products when the time was right. Cox would also tip off Goldman as
what other firms were "holding" and Goldman was known to gun down these positions.
Flash forward to the September, and we see Hank Paulson take Lehman Bros into a private room in the White House, where he was executed. The President was the only
witness. I'm pretty sure Hank new that this would rattle the markets. Just as he wanted! And the the perfect alibi, "didn't have the legal authority."
Boy, how that changed a week later, with the AIG bailout. If this didn't get the avalanche going, Hank decided he would have his contact at Moody's cut AIGs'
rating. His contact is Warren Buffet who owns 20% of Moody's and recently threw 5 Billion at Goldman. By cutting their rating, AIG was forced to
find Billions overnigth. A bit impossible, even for Wall ST. It would never happen. Not a chance!, But wait, Here comes the government to save the day! Yes!
Is that HanK Paulson over there with a $700 billion plan? Hank, That plan looks worn out like its been in your back pocket a few years?
It sort of is has says Hank. "You can barely read the part "to big to fail." Alright, enough with the jokes.
Hank knew that there would be this tug-a-war between the markets and DC while he pitched his plan. After the market had fallen to Goldman's likening,
it was time for Hank to really press urgently and threaten Congress to pass it. Martial law and great depression are the words he used. They pass the bill and market rallies
900 points. Then you have Jim Crammer from Mad Money, after watching the market crash for 11 days in a row, tell the American Public to sell everything. Did I mention
Crammer is a former Goldman partner. If the market rebounds this year, then you know he is "in" on the conspiracy.
It also would hold that Crammer is just a tool for Goldman to abuse the public with, because he never makes any sense when he talks.
Since AIG slipped through the biggest loophole ever, not to be regulated by the CFTC and SEC because they are an insurance company, that loophole was
well known 5 years ago, which leads me to believe that AIG was hank picked to be the fall guy at the inception of this conspiracy 5 years ago. It was their
mission, and with Goldman advising them, to get so big, as to be "to big to fail." Possibly even Citigroup. When you look at how large Citi got relative
Goldman, Morgan and others, 10 times as big, it makes it seem they are a fall guy. If the smarter guys at the table new way in advance about sub prime, they
probably were force feeding it to the dumber guys at the table. Rubin, former Goldman, sat on Citi's Board. Maybe as a Trojan Horse? Goldman has a
habit of looking at others books and either reneging on either a merger deal, as they did with Morgan Stanley, or just straigth up fucking you if you were in the he oil market,
as experienced by billion dollar firm Semgroup, bankrupted in July 08.
The reason I feel that this was conspired 5 years ago is that is when sub prime was invented and the idea of using "sub prime" as a scape goat when it was time
to rein in the 100 trillion dollar CDS market. Did I mention the market was unregulated thanks to efforts of Rubin, Summers, Ghram and Paulson in the 90's.
It's highly possible that Freddie Mae and Freddie Mac were also made to be fall guys. What if they were influenced, or bribed by the bankers to get as big as possible.
We all know Indy Mac, specialized in LIARS or Ninja Loans. We also knew that Wall ST had a voracious appetite for pooled loans of any quality. They couldn't fill
the CDS boxes fast enough. The regional small lenders couldn't keep up with the demand from Wall St. Even though it was junk, it didn't matter. Moody's would stamp AAA
on the box, and AIG would see insurance against "anything in the box."
Check this out - What are the odds that the 2 most eventful (events) in our lifetime(s) happened on the 1st and Last years of the President's watch?
That would be 911 and the Credit Crisis.
Looks like Bush was made to be a fall guy too! That would explain why Goldman gave Obama $700 million. Yes just million. Wow, haven't used that word in a while.
Lets rehearse. It goes like this. Million, Billion, Trillion, Quadrillion. Only merchant bankers get to use the last word.
Maybe Hank Paulson will be on the 1000 dollar "Amerio." who knows.
Patrick the Painter
my Toubled Assets need Relief too!
Posted by guest , Apr 15, 2009 12:32PM
TARP that Keg, Meek.
Posted by guest , Apr 15, 2009 12:34PM
@5 - thanks Pat for keeping the tradition of rambling-incoherent-drunken-Irish rants alive.
Posted by guest , Apr 15, 2009 12:35PM
Love the headline on marketwatch right now: Obama takes on teabaggers
Posted by HeadlessHorseman , Apr 15, 2009 12:50PM
@ 5/9
Holy shit! It all makes sense now.
When do the Russians and Chinese get involved? Can't you weave in something about the treasuries held by China, Russia's encroachment into Georgia, and the Yukos debacle. I think there might be some connections to international conspiracies that you haven't yet uncovered. Please keep digging.
I'm picturing your apartment to look like John Nash's garage in "A Beautiful Mind" only with the addition of a partially completed time machine of some sort.
Keep the faith,
Headless
Posted by guest , Apr 15, 2009 12:53PM
TL, DR @5, 9, etc.
Posted by guest , Apr 15, 2009 12:56PM
5/9 Ron Paul, you read DB too?!?
Posted by guest , Apr 15, 2009 1:05PM
boy Chris has come a long way from his floor trading days. This guy is definitely not your average Goldman employee. I'm thinking future representative from CT
Posted by guest , Apr 15, 2009 1:40PM
yes bitches this crisis warmed my heart too - i've offered a free place to sleep to all hot young daughters of the guys i lay off in my portfolio companies - one less mouth to feed for them and as long as the girls like a nice big kosher salami they wont go hungry!
love and peace, peb
Posted by guest , Apr 15, 2009 2:31PM
Classic Goldman trap. Their P&L wins every time.
Posted by guest , Apr 15, 2009 7:47PM
The "crisis" is definitley engineered .
why and by whom is the question
Posted by trojan , Apr 16, 2009 1:50AM
nobody will see this but- im running for public office in Stamford this fall, i want DB to come out in support. want some part-time work, no joke
Posted by guest , Apr 16, 2009 2:10AM
@trojan- how the hell are we supposed to know who you are, or will you be running under the name 'trojan'?
Posted by trojan , Apr 16, 2009 10:20AM
@21
you'll have to guess