Thursday, July 15, 2010

Financial Takeover Accomplished, Government settles with Goldman

On May 24th I wrote in my blog, this one,, ("Goldman discusses settlement with SEC"):

"Another conspiracy theory: Obama sues Goldman, Sachs to provide the far-left media with fodder to push 'public opinion' against banks, bankers and Wall Street, no matter any reasonableness of evidence. To add substance the government is "investigating" Morgan Stanley for something or another. The story is the end game. Obama desires to grease the skids of his financial industry takeover and the governmnet actions pave the way. And the slurping, pandering media is nothing but a willing propaganda arm for him. And, gee whiz, the Senate passes his bill with four Republicans supporting it. But wait, it's not law yet. The Senate must reconcile its passed bill with that of the U. S. House of Representatives. It'll be another month, month-and-a-half to gather in all the campaign contributions for the November elections, then the 1,500-page bill will most certainly pass, with settlement of the Goldman suit following soon thereafter. And the 'investigations' of Morgan and other banks will slip unnoticed from Justice.

Justice. The Rule of Law. GONE!"

Well that was then, now here it is.  On  July 15, 2010, a little over my declaration of May 24's "month, month-and-a-half", and presto!

From Reuters: Fri Jul 16, 2010 1:47am IST:

"REUTERS - The U.S. Senate on Thursday gave final approval to a sweeping bill to reform financial regulation, sending it to President Barack Obama to sign into law."  (And it's up to 2,300 pages.)


(Also from Reuters (, 2:14 P.M. July 15, 2010, Pacific Standard Time):  "Happening Now:

Live Coverage: Goldman Sachs settles with SEC
SEC says Goldman to pay record $550 million to settle CDO-related charges"

But of course...Reuters then writes: "SEC says timing of settlement unrelated to passage of financial regulation. Full coverage of regulation here: by at 7/15/2010 9:05:30 PM2:05 PM"

As I predicted, Obama sues Goldman to pass his financial takeover bill, the legislation passes both Houses of Congress and Obama settles with Goldman.  If this isn't disgustingly corrupt, I don't know what is.

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