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just caught this one over at 0C, courtesy Liberty Blitzkrieg
Introducing The Gigantic And Dangerous Wall Street Loophole You’ve Never Heard Of
which is focusing on:
and how:
and this is where it starts to get really interesting:
and where ole matt gets targeted by none other than hilsenrath hisself:
and where it starts to get reeeeeeeally interesting, is in the 2nd audience comment:
why is this particular snippet interesting?
merely another one of the dots being connected that NOBODY in the lamerstream media wants to connect, NEVER MIND follow up on (excepting matt, a'course..)
matt taibbi to the rescue...
Introducing The Gigantic And Dangerous Wall Street Loophole You’ve Never Heard Of
which is focusing on:
...the excellent Reuters article: U.S. Banks Moved Billions of Dollars in Trades Beyond Washington’s Reach
In 2009, President Barack Obama tapped Gary Gensler, then 51 years old, to chair the CFTC. Liberals grumbled about Gensler’s résumé. The son of a cigarette and pinball-machine salesman in working class Baltimore, Gensler, at 30, had become the youngest banker ever to make partner at Goldman Sachs.
Among other jobs, he oversaw the bank’s derivatives trading in Asia. Later, as an undersecretary of the Treasury, Gensler helped push through the 2000 law that had banned regulation of derivatives markets.
Kenneth Raisler, a former Enron lobbyist representing JP Morgan, Citigroup, and Bank of America, argued in a letter that the CFTC should allow U.S. banks to do things overseas “even if those activities were not permissible for a U.S. bank domestically.”
Among other jobs, he oversaw the bank’s derivatives trading in Asia. Later, as an undersecretary of the Treasury, Gensler helped push through the 2000 law that had banned regulation of derivatives markets.
Kenneth Raisler, a former Enron lobbyist representing JP Morgan, Citigroup, and Bank of America, argued in a letter that the CFTC should allow U.S. banks to do things overseas “even if those activities were not permissible for a U.S. bank domestically.”
Perhaps I should ask John Hilsenrath whether it is “anti-Semitic” to point this out.
That much is undisputed. It is what Hilsenrath does next that left us and anyone else who read it stunned, when he ever so gently pivots the narrative so that any critique of Goldman Sachs immediately construed as, drumroll, anti-semitism.
The Goldman blowback is a particularly challenging subject to understand and analyze. Taken to extremes, criticism of the firm, which was founded and built by Jewish Americans, smacks at times of anti-Semitism.
Hilsenrath links to a piece that references the infamous Matt Taibbi Rolling Stone article denouncing the "Great Vampire squid", whereby even more "anti-semitic" strawmen accusations are lobbed at random in hopes something sticks
The Goldman blowback is a particularly challenging subject to understand and analyze. Taken to extremes, criticism of the firm, which was founded and built by Jewish Americans, smacks at times of anti-Semitism.
A quote from pg 123 - 124 of Ferdinand Lips' book Gold Wars: The Battle Against Sound Money as Seen from a Swiss Perspective
Ferdinand Lips was a former banker for Rothschild Bank in the 1980s who then went on to become a lifelong sound money advocate.
"Was it the Central Banks?
On February 6, 1996, I visited J. Aron & Co., a well-established bullion firm in London. It is a subsidiary of the prestigious Wall Street firm Goldman, Sachs and Company. Robert Rubin, its former CEO, was serving as U.S. Secretary of the Treasury at the time. Rubin has since resigned from his post. A Johannesburg stockbroker, Merton Black of Ivor Roy Jones, now owned by Deutsche Bank group, introduced me to J.Aron & Co.
Ferdinand Lips was a former banker for Rothschild Bank in the 1980s who then went on to become a lifelong sound money advocate.
"Was it the Central Banks?
On February 6, 1996, I visited J. Aron & Co., a well-established bullion firm in London. It is a subsidiary of the prestigious Wall Street firm Goldman, Sachs and Company. Robert Rubin, its former CEO, was serving as U.S. Secretary of the Treasury at the time. Rubin has since resigned from his post. A Johannesburg stockbroker, Merton Black of Ivor Roy Jones, now owned by Deutsche Bank group, introduced me to J.Aron & Co.
merely another one of the dots being connected that NOBODY in the lamerstream media wants to connect, NEVER MIND follow up on (excepting matt, a'course..)
matt taibbi to the rescue...