ECONOMY  
Raw Story / By Daniel Tencer
comments_imageCOMMENTS: 34

Taibbi: New Secrecy Rule Lets Goldman Sachs Control Stock Prices Unmolested by Public Scrutiny

The new rule means the public will no longer be able to tell if large investment banks are manipulating the stock market for their own gain.
July 6, 2009  |  
 
 
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The New York Stock Exchange quietly announced last week that it would end its practice of requiring companies to report all their program trading -- a move that helps shield large investment banks, particularly Goldman Sachs, from public scrutiny.

The new rule means the public will no longer be able to tell if large investment banks are manipulating the stock market for their own gain, says Matt Taibbi, the journalist whose Rolling Stone article on Goldman Sachs’ role in asset bubbles over the past century has rocked the financial world.

According to previous NYSE rules, any company that carried out program trading -- essentially, large computer-automated trades worth more than $1 million -- had to report the trades to the NYSE, which then made the information publicly available.

But, under new regulations (PDF) published last week, that requirement has been removed.

"The NYSE announced that it will no longer be releasing its weekly program trading data," Taibbi wrote in a blog posting. "This is quiet obviously a move designed to make it even more impossible to track what’s going on in the NYSE and shield, in particular, Goldman Sachs."

Taibbi argues that the move is designed to protect investment banks from bloggers who are exposing the companies’ stock market manipulations. Goldman Sachs is singled out because the investment bank’s share of principal NYSE trading has gone from 27 percent at the end of 2008 to fully 50 percent of trades in recent months.

Blogs such as Zero Hedge have been using NYSE data to argue that Goldman Sachs now has an almost unfettered ability to control stock prices.

Responding last week to news of the NYSE’s rule change, Zero Hedge argued:

The NYSE has taken action to make sure that nobody will henceforth be able to keep track of the complete dominance that Goldman Sachs exerts over the New York Stock Exchange. This basically ends our weekly Program Trading updates disclosed every Thursday indicating that Goldman has singlehandedly captured all of NYSE’s program trading.

Taibbi’s article on Goldman Sachs’ long history of involvement in asset bubbles and crashes can be found here.

 


Matt Taibbi is a writer for Rolling Stone.
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in a dog-eat-dog world, some dogs are bigger than others
[Report this comment]
Posted by: Suzon on Jul 6, 2009 2:13 AM   
Current rating: 5    [1 = poor; 5 = excellent]
I never did understand stock markets. No trade ever created a useful object or service. It always seemed like nothing more than gambling.

(Maybe I did understand stock markets after all.)

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

satan's investment banker
[Report this comment]
Posted by: weathered on Jul 6, 2009 3:51 AM   
Current rating: 5    [1 = poor; 5 = excellent]
has become its own church and state.

They bought Congress/White House at a discount and we don't matter - this is the tipping point. One goverment/One currency.

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

Not complex, simply sleight of hand and theft...
[Report this comment]
Posted by: kogwonton on Jul 6, 2009 4:09 AM   
Current rating: 5    [1 = poor; 5 = excellent]
When the DOW or NASDAQ are up it means the publicly traded corporations are making more money, mainly by firing more people, shifting jobs to whoever will work the cheapest, finding less expensive resources or stealing them (with the help of the U.S. tax funded military) from nations (and people) that own them, paying less (or no) taxes, and basically paying less people less money for working harder, longer, and producing more.

It is unfortunate that our monetary system has been privatized, commerce manipulated, economic systems removed from democratic regulation, and that every dollar is a receipt for the national debt (with a debt attached even to that receipt), and that it is dependent upon that very non-free (stock) market. If we can't take it back and give the money changers the boot they so deserve we will be entering a whole new dark age. Democracy will have failed, and will be trotted out like the straw man of socialism we so fondly reminisce about when we tell our children how the U.S.S.R. failed on its own lack of philosophic or moral merit (and not, as the cold warriors brag, by sabotage, terrorism, and economic warfare, and outright war, conducted through proxies by western capitalists).

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

The stock market
[Report this comment]
Posted by: souffrantfleur on Jul 6, 2009 4:53 AM   
Current rating: 5    [1 = poor; 5 = excellent]
is the biggest Ponzi scheme ever inflicted upon us. And to think they told us to put our retirement savings into it after they took away our pensions.

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

When in the Course of human events...
[Report this comment]
Posted by: orda on Jul 6, 2009 4:55 AM   
Current rating: 5    [1 = poor; 5 = excellent]
When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another...

...That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government...

...But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government...

Get busy.

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

You can call it a
[Report this comment]
Posted by: timenotonmyside on Jul 6, 2009 5:46 AM   
Current rating: 5    [1 = poor; 5 = excellent]
KLEPTOCRACY, or you can call it a PLUTOCRACY, or you can call it a MONOCRACY, or you can call it an OLIGARCHY.

At the end of the day we can all agree that it is no longer a DEMOCRACY.

Ah hell, let's just call it a BANANA REPUBLIC and be done with it.

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

Stock market is nothing but a very big casino
[Report this comment]
Posted by: MeyravLevine on Jul 6, 2009 6:12 AM   
Current rating: 5    [1 = poor; 5 = excellent]
stay out of it.

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

Perhaps
[Report this comment]
Posted by: motamanx6 on Jul 6, 2009 6:36 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Perhaps what the stock market and Goldman Sachs just did--should be undone. Or declared illegal.

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

Someone has to say it
[Report this comment]
Posted by: james108 on Jul 6, 2009 6:47 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
I start the rationalizing that the democrats do not know anything about it or if they do, the republicans are stopping them from protecting us!

If we silence all right wing voices then the democrats will address this instantly on the people's behalf.

Obama's working on it right now, and we have to ignore this and give him time and go distract ourselves with something else, because he can't do it all alone.

Please, I am joking... You have to laugh sometimes at the absurdity of things.

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

this is one small piece of the brave new world
[Report this comment]
Posted by: masthead on Jul 6, 2009 7:01 AM   
Current rating: 5    [1 = poor; 5 = excellent]
where governments are highly centralized, in other words, totalitarianism with a newer face, but more efficient than the old fashion methods of controlling the masses. unfortunately, the popular movement in america toward decentralization (the election of obama) seems so far to have been an illusion, our political freedoms and economics freedoms have been steadily diminishing. it doesn't matter whether you're white or black, republican or democrat, they are trying to make us willing cannon fodder, that is, we are free to daydream, make our comments here and there, take dope, watch the rotten films, i beleive we're getting closer to the welfare-tyranny of utopia aldous huxley wrote about: "you pays your money, and you takes your choice".

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

Slashdotted my friends
[Report this comment]
Posted by: melusine on Jul 6, 2009 7:10 AM   
Current rating: 5    [1 = poor; 5 = excellent]
From Slashdot

"The world's most valuable source code could be in the wild. According to a report by Reuters, a Russian immigrant and former Goldman Sachs developer named Sergey Aleynikov was picked up at Newark Airport on July 4th by the FBI on charges of industrial espionage. According to the complaint, Sergey prior to his early June exit from Goldman copied, encrypted, and uploaded source code inferred to be the code used by Goldman Sachs to process in real-time (micro-seconds) trades between multiple equity and commodity platforms."

http://tinyurl.com/nlb7fh

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

BASTA!!!
[Report this comment]
Posted by: crazy carlos on Jul 6, 2009 7:50 AM   
Current rating: 5    [1 = poor; 5 = excellent]
When Paulson announced in October 2008 via his 3 page Coup d etat, the USA has been raped to the tune of at least 5 Trillion dollars to date and Bush, now Mr. "O" and the collected crooks of this administration have allowed and aided Wall St. This is only a continuation of this policy.

It is now long past time that the Wall ST. brigade become decorations on the lamposts of NYC and the same fate is also past due on Pennsylvania Ave in DC with the collection of elected and appointed BASTARDS in our government. What is transpiring is out and out T R E A S O N. The damage done to our nation by these thugs is overwhelming. It is time to shut down this diasterous government through work stopage and non payment of ALL taxes. BASTA esta BASTA>!!! Carlos

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

NOTHING NEW
[Report this comment]
Posted by: VZEQICVA on Jul 6, 2009 9:07 AM   
Current rating: 5    [1 = poor; 5 = excellent]
Programmed trading has been questioned since it became possible through technology. That's why we have trading in the billions of shares everyday. While they're making all the new rules which are nothing more than the old ones that Bush threw out, it might be a good time to address the 'up-tick 'down-tick' rules. If a stock trades wildly and the volume is inordinately high or low, programmed trading is curtailed. That would be done with or without the knowledge or permission of Goldman Sachs. And yes, it works. ANNA

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

Behind Every Great Fortune There Is A Great Crime
[Report this comment]
Posted by: ak47blog on Jul 6, 2009 9:37 AM   
Current rating: 5    [1 = poor; 5 = excellent]
This article tells us absolutely nothing. All financial markets and transactions are controlled Pyramid Schemes that began in England c.1660 King Charles ll "Secret History of Government Debt" [Treasury Bonds]

Look up the Plunge Protection Team of which Goldman Sachs is a member. See the Reverse Robin Hoods Merrymen Goldman Sachs in action actually perform daily Reverse Pyramid Market Schemes. Let's turn the original "Merry" King Charles 11 400 year old pyramid upside down or 180 degrees and you now have a picture of the parasitic Kleptocrats controlled scam.

For the record Mr. Carlo Ponzi at no time was a creator of mathematical abstract theories his
jail sentence was strictly based on imitating and copying the parasites from the 1920's.

http://21stcenturyreversepyramid.blogspot.com

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

Guess who's REALLY running the show?
[Report this comment]
Posted by: willymack on Jul 6, 2009 10:44 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Hint: It ain't Obama, Congress, or the Senate.
It's the Stock Exchange.
Witness their latest royal proclamation. They're now INFALLIBLE, therefore not subject to scrutiny, criticism, or anything amounting to public disclosure, unless it's THEIR idea.
Kinda like that guy in Rome wearing that funny-looking hat.

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

The stock market is corrupted, controlled, & manipulated by the Elite!
[Report this comment]
Posted by: JohnTruth2001 on Jul 6, 2009 11:01 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
It transfers wealth from the poor & middle class to the super wealthy like a vacuum! It's destroying us like our criminal private Federal Reserve System!

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Comments are closed-

Too Big To Fail; NEVER AGAIN!
[Report this comment]
Posted by: gradioc on Jul 6, 2009 4:13 PM   
Current rating: 5    [1 = poor; 5 = excellent]
I'm greatly troubled by the current thought in DC to more closely regulate those giant international behemoths like Goldman Sachs, Citigroup, AIG, etc. The fact (which I have not checked, but will take on faith from the piece) t5hat Goldman Sachs controls 50% of the trades on the NYSE is simply unacceptable. THERE IS NO WAY TO REGULATE THESE GIANTS. They must be broken up to the point that they cannot manipulate the markets and can be allowed to fail if they bet wrong and they actually COMPETE AGAINST EACH OTHER. Putting Glass-Steagal back into place is the first step.

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Comments are closed-

Watch the people that have IOU's in US dollars and the oil giants..
[Report this comment]
Posted by: Silverhawk on Jul 6, 2009 4:42 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Saudi Arabia, China, Exxon-Mobil, Standard, BP, R.D.Shell, and the Federal Reserve Bank/World Bank/IMF. The Rockefeller's will not loose their grip on the money or the oil. This means that the US dollar, if replaced with a new currency in world oil buying and selling, will have been predetermined and swift. The Saudi's and China want to cash in their IOU's above anything else. The flakey US currency/stock manipulations can't be making them fell good. JP Morgan is the biggest hedge fund and Goldman Sachs, the second biggest hedge fund. Since Morgan is in effect Rockefeller's right hand, it's obvious that Goldman is Rockefeller's go to holding company. Goldman and its X executives couldn't do what they've been doing without Rockefeller's approval. See Goldman Sachs wikipedia for their list of crimes and ongoing 'legal'/'illegal' perversions.

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This is pure class warfare... the über/owning class against the middlings and lower
[Report this comment]
Posted by: DaBear on Jul 6, 2009 10:18 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Is there anyone who still doubts that?

17-frakkin'-89, baby. Who's meetin' up at the bridge to the Bastille? I got extra pitchforks....

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The Corporate State is firmly in control. Elections are a formality to appease the ignorant masses.
[Report this comment]
Posted by: Paul_C on Jul 6, 2009 10:23 PM   
Current rating: 5    [1 = poor; 5 = excellent]
The country is lost. The empire is in decline. The wealthy are cashing it all in, harvesting our lives, wiring it all into offshore accounts.

Of course too big to fail means too big to regulate, otherwise they would have gone into receivership and would have been broken up.

Instead, the opposite happened. They got bigger through bargain basement firesales and the Treasury was emptied into their coffers.

Now we learn that they have a monopoly over the stock markets and regulation has been shut down.

Wow! All that is missing is ... well, I can't think what else could be compromised, they control everything now.

peace,
Paul

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ererw
[Report this comment]
Posted by: ruruben on Jul 7, 2009 2:11 AM   
Current rating: 1    [1 = poor; 5 = excellent]
MKV to AVI ，Professionally convert your mkv files to avi format, other popular video and audio format supported

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susie spf
[Report this comment]
Posted by: susiespf on Jul 7, 2009 8:39 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
phone # at the bottom of the pdf, are
contact
robert airo, vp of nyse euronext,
or
aleksandra radovic, vp of nyse regulations.
let's call, and ask them, what's up

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Alternet Comments:

Comments are closed-

in a dog-eat-dog world, some dogs are bigger than others
[Report this comment]
Posted by: Suzon on Jul 6, 2009 2:13 AM   
Current rating: 5    [1 = poor; 5 = excellent]
I never did understand stock markets. No trade ever created a useful object or service. It always seemed like nothing more than gambling.

(Maybe I did understand stock markets after all.)

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

satan's investment banker
[Report this comment]
Posted by: weathered on Jul 6, 2009 3:51 AM   
Current rating: 5    [1 = poor; 5 = excellent]
has become its own church and state.

They bought Congress/White House at a discount and we don't matter - this is the tipping point. One goverment/One currency.

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

Not complex, simply sleight of hand and theft...
[Report this comment]
Posted by: kogwonton on Jul 6, 2009 4:09 AM   
Current rating: 5    [1 = poor; 5 = excellent]
When the DOW or NASDAQ are up it means the publicly traded corporations are making more money, mainly by firing more people, shifting jobs to whoever will work the cheapest, finding less expensive resources or stealing them (with the help of the U.S. tax funded military) from nations (and people) that own them, paying less (or no) taxes, and basically paying less people less money for working harder, longer, and producing more.

It is unfortunate that our monetary system has been privatized, commerce manipulated, economic systems removed from democratic regulation, and that every dollar is a receipt for the national debt (with a debt attached even to that receipt), and that it is dependent upon that very non-free (stock) market. If we can't take it back and give the money changers the boot they so deserve we will be entering a whole new dark age. Democracy will have failed, and will be trotted out like the straw man of socialism we so fondly reminisce about when we tell our children how the U.S.S.R. failed on its own lack of philosophic or moral merit (and not, as the cold warriors brag, by sabotage, terrorism, and economic warfare, and outright war, conducted through proxies by western capitalists).

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

The stock market
[Report this comment]
Posted by: souffrantfleur on Jul 6, 2009 4:53 AM   
Current rating: 5    [1 = poor; 5 = excellent]
is the biggest Ponzi scheme ever inflicted upon us. And to think they told us to put our retirement savings into it after they took away our pensions.

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

When in the Course of human events...
[Report this comment]
Posted by: orda on Jul 6, 2009 4:55 AM   
Current rating: 5    [1 = poor; 5 = excellent]
When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another...

...That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government...

...But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government...

Get busy.

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

You can call it a
[Report this comment]
Posted by: timenotonmyside on Jul 6, 2009 5:46 AM   
Current rating: 5    [1 = poor; 5 = excellent]
KLEPTOCRACY, or you can call it a PLUTOCRACY, or you can call it a MONOCRACY, or you can call it an OLIGARCHY.

At the end of the day we can all agree that it is no longer a DEMOCRACY.

Ah hell, let's just call it a BANANA REPUBLIC and be done with it.

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

Stock market is nothing but a very big casino
[Report this comment]
Posted by: MeyravLevine on Jul 6, 2009 6:12 AM   
Current rating: 5    [1 = poor; 5 = excellent]
stay out of it.

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

Perhaps
[Report this comment]
Posted by: motamanx6 on Jul 6, 2009 6:36 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Perhaps what the stock market and Goldman Sachs just did--should be undone. Or declared illegal.

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

Someone has to say it
[Report this comment]
Posted by: james108 on Jul 6, 2009 6:47 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
I start the rationalizing that the democrats do not know anything about it or if they do, the republicans are stopping them from protecting us!

If we silence all right wing voices then the democrats will address this instantly on the people's behalf.

Obama's working on it right now, and we have to ignore this and give him time and go distract ourselves with something else, because he can't do it all alone.

Please, I am joking... You have to laugh sometimes at the absurdity of things.

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

this is one small piece of the brave new world
[Report this comment]
Posted by: masthead on Jul 6, 2009 7:01 AM   
Current rating: 5    [1 = poor; 5 = excellent]
where governments are highly centralized, in other words, totalitarianism with a newer face, but more efficient than the old fashion methods of controlling the masses. unfortunately, the popular movement in america toward decentralization (the election of obama) seems so far to have been an illusion, our political freedoms and economics freedoms have been steadily diminishing. it doesn't matter whether you're white or black, republican or democrat, they are trying to make us willing cannon fodder, that is, we are free to daydream, make our comments here and there, take dope, watch the rotten films, i beleive we're getting closer to the welfare-tyranny of utopia aldous huxley wrote about: "you pays your money, and you takes your choice".

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

Slashdotted my friends
[Report this comment]
Posted by: melusine on Jul 6, 2009 7:10 AM   
Current rating: 5    [1 = poor; 5 = excellent]
From Slashdot

"The world's most valuable source code could be in the wild. According to a report by Reuters, a Russian immigrant and former Goldman Sachs developer named Sergey Aleynikov was picked up at Newark Airport on July 4th by the FBI on charges of industrial espionage. According to the complaint, Sergey prior to his early June exit from Goldman copied, encrypted, and uploaded source code inferred to be the code used by Goldman Sachs to process in real-time (micro-seconds) trades between multiple equity and commodity platforms."

http://tinyurl.com/nlb7fh

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

BASTA!!!
[Report this comment]
Posted by: crazy carlos on Jul 6, 2009 7:50 AM   
Current rating: 5    [1 = poor; 5 = excellent]
When Paulson announced in October 2008 via his 3 page Coup d etat, the USA has been raped to the tune of at least 5 Trillion dollars to date and Bush, now Mr. "O" and the collected crooks of this administration have allowed and aided Wall St. This is only a continuation of this policy.

It is now long past time that the Wall ST. brigade become decorations on the lamposts of NYC and the same fate is also past due on Pennsylvania Ave in DC with the collection of elected and appointed BASTARDS in our government. What is transpiring is out and out T R E A S O N. The damage done to our nation by these thugs is overwhelming. It is time to shut down this diasterous government through work stopage and non payment of ALL taxes. BASTA esta BASTA>!!! Carlos

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

NOTHING NEW
[Report this comment]
Posted by: VZEQICVA on Jul 6, 2009 9:07 AM   
Current rating: 5    [1 = poor; 5 = excellent]
Programmed trading has been questioned since it became possible through technology. That's why we have trading in the billions of shares everyday. While they're making all the new rules which are nothing more than the old ones that Bush threw out, it might be a good time to address the 'up-tick 'down-tick' rules. If a stock trades wildly and the volume is inordinately high or low, programmed trading is curtailed. That would be done with or without the knowledge or permission of Goldman Sachs. And yes, it works. ANNA

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

Behind Every Great Fortune There Is A Great Crime
[Report this comment]
Posted by: ak47blog on Jul 6, 2009 9:37 AM   
Current rating: 5    [1 = poor; 5 = excellent]
This article tells us absolutely nothing. All financial markets and transactions are controlled Pyramid Schemes that began in England c.1660 King Charles ll "Secret History of Government Debt" [Treasury Bonds]

Look up the Plunge Protection Team of which Goldman Sachs is a member. See the Reverse Robin Hoods Merrymen Goldman Sachs in action actually perform daily Reverse Pyramid Market Schemes. Let's turn the original "Merry" King Charles 11 400 year old pyramid upside down or 180 degrees and you now have a picture of the parasitic Kleptocrats controlled scam.

For the record Mr. Carlo Ponzi at no time was a creator of mathematical abstract theories his
jail sentence was strictly based on imitating and copying the parasites from the 1920's.

http://21stcenturyreversepyramid.blogspot.com

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Comments are closed-

Guess who's REALLY running the show?
[Report this comment]
Posted by: willymack on Jul 6, 2009 10:44 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Hint: It ain't Obama, Congress, or the Senate.
It's the Stock Exchange.
Witness their latest royal proclamation. They're now INFALLIBLE, therefore not subject to scrutiny, criticism, or anything amounting to public disclosure, unless it's THEIR idea.
Kinda like that guy in Rome wearing that funny-looking hat.

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The stock market is corrupted, controlled, & manipulated by the Elite!
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Posted by: JohnTruth2001 on Jul 6, 2009 11:01 AM   
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It transfers wealth from the poor & middle class to the super wealthy like a vacuum! It's destroying us like our criminal private Federal Reserve System!

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Too Big To Fail; NEVER AGAIN!
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Posted by: gradioc on Jul 6, 2009 4:13 PM   
Current rating: 5    [1 = poor; 5 = excellent]
I'm greatly troubled by the current thought in DC to more closely regulate those giant international behemoths like Goldman Sachs, Citigroup, AIG, etc. The fact (which I have not checked, but will take on faith from the piece) t5hat Goldman Sachs controls 50% of the trades on the NYSE is simply unacceptable. THERE IS NO WAY TO REGULATE THESE GIANTS. They must be broken up to the point that they cannot manipulate the markets and can be allowed to fail if they bet wrong and they actually COMPETE AGAINST EACH OTHER. Putting Glass-Steagal back into place is the first step.

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Watch the people that have IOU's in US dollars and the oil giants..
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Posted by: Silverhawk on Jul 6, 2009 4:42 PM   
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Saudi Arabia, China, Exxon-Mobil, Standard, BP, R.D.Shell, and the Federal Reserve Bank/World Bank/IMF. The Rockefeller's will not loose their grip on the money or the oil. This means that the US dollar, if replaced with a new currency in world oil buying and selling, will have been predetermined and swift. The Saudi's and China want to cash in their IOU's above anything else. The flakey US currency/stock manipulations can't be making them fell good. JP Morgan is the biggest hedge fund and Goldman Sachs, the second biggest hedge fund. Since Morgan is in effect Rockefeller's right hand, it's obvious that Goldman is Rockefeller's go to holding company. Goldman and its X executives couldn't do what they've been doing without Rockefeller's approval. See Goldman Sachs wikipedia for their list of crimes and ongoing 'legal'/'illegal' perversions.

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This is pure class warfare... the über/owning class against the middlings and lower
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Posted by: DaBear on Jul 6, 2009 10:18 PM   
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Is there anyone who still doubts that?

17-frakkin'-89, baby. Who's meetin' up at the bridge to the Bastille? I got extra pitchforks....

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The Corporate State is firmly in control. Elections are a formality to appease the ignorant masses.
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Posted by: Paul_C on Jul 6, 2009 10:23 PM   
Current rating: 5    [1 = poor; 5 = excellent]
The country is lost. The empire is in decline. The wealthy are cashing it all in, harvesting our lives, wiring it all into offshore accounts.

Of course too big to fail means too big to regulate, otherwise they would have gone into receivership and would have been broken up.

Instead, the opposite happened. They got bigger through bargain basement firesales and the Treasury was emptied into their coffers.

Now we learn that they have a monopoly over the stock markets and regulation has been shut down.

Wow! All that is missing is ... well, I can't think what else could be compromised, they control everything now.

peace,
Paul

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ererw
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Posted by: ruruben on Jul 7, 2009 2:11 AM   
Current rating: 1    [1 = poor; 5 = excellent]
MKV to AVI ，Professionally convert your mkv files to avi format, other popular video and audio format supported

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susie spf
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Posted by: susiespf on Jul 7, 2009 8:39 AM   
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phone # at the bottom of the pdf, are
contact
robert airo, vp of nyse euronext,
or
aleksandra radovic, vp of nyse regulations.
let's call, and ask them, what's up

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