Goldman Sachs' Black Magic: How They Did It

Goldman at the apex of the crisis is delivered this money -- which they then use to borrow against at $20 or $30 for every $1. Which at 30x equals $2.1 trillion in available capital.

As one of the only banks in the world with money at the time, Goldman Sachs was able to buy billions in distressed assets around the world at record low prices -- only to watch $23.7 trillion in US taxpayer money be deployed during the past year to re-inflate the asset's values that Goldman had purchased with our tax money.

The question is not why did we bail out the banks.

The question is why did we give the banks billions of our money so they could then buy assets by the trillions with our money and they keep the profits?

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PORK

Now Manufacturing Companies Want a Bail Out

Emergency funding should be extended to manufacturing firms if the Government is serious about helping the "real economy", a new report urged today.

The Work Foundation said that because the strength of the UK's financial services sector was now in question, manufacturing represented one of the best chances for an economic upturn.

Companies should be given the same access to funds as the support announced for financial services, it was argued.

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Not a chance. If they are uncompetative they can go to the wall like they have always done!

More tax payers money for greedy businessmen NO WAY!!!

General Motors To Keep Bailout Billions and Still Fire 5,000 Workers

The job cuts could match the number of salaried positions GM eliminated in 2008, Bloomberg quoted people familiar with the plans as saying. GM will include the plans in a Feb. 17 report to the US government on the company's efforts to restructure its business and return to profit making, the report adds.

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Obama Warns of 'Catastrophe:' What Happened to 'Hope' and 'Change?'

Barack Obama's cap on executive pay for bailout recipients yesterday overshadowed his comments about the stimulus bill, which deserve greater scrutiny.

"A failure to act, and act now [on the bill], will turn crisis into a catastrophe," Obama said, sounding a lot more like his predecessor than the candidate of hope and change.

Meet the new boss, same as the old boss?

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Goldman, JPMorgan Won’t Feel Effects of Executive-Salary Caps

Executives at Goldman Sachs Group Inc., JPMorgan Chase & Co. and hundreds of financial institutions receiving federal aid aren’t likely to be affected by pay restrictions announced yesterday by President Barack Obama.

The rules, created in response to growing public anger about the record bonuses the financial industry doled out last year, will apply only to top executives at companies that need “exceptional” assistance in the future. The limits aren’t retroactive, meaning firms that have already taken government money won’t be subject to the restrictions unless they have to come back for more.

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Canada's 75 Billion Dollar Bailout

The Conservative government has leaked the details of Tuesday's budget. They have announced a $64 billion deficit.

The Harper government, which has consistently committed itself to a "balanced budget", now claims that deficit spending is required to boost the economy at the height of a major economic recession.

Does this constitute a turnaround in federal government economic policy?
Is the government really committed to running a budget deficit with a view to stimulating demand and reversing the tide of economic decline.

Or is there a hidden agenda?

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Taxpayers Face Years of Debt in Bank Salvage Deal

Taxpayers are poised to take on the "toxic" debts of High Street lenders in a new bank rescue deal that could cost the Treasury billions of pounds.

Under the "pay as you go" plan, details of which were still being hammered out on Saturday, the Government will create a new insurance scheme that would see liabilities of up to £200 billion potentially kept on the public books for years.

Taxpayers would not face an immediate upfront cost but could be hit with payments in future if banks' assets fell below a certain level.

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Hello? Any Brain cells left out there?? Wake up and say NO!

US Porn Industry Seeks Multi-billion Dollar Bail Out

The Hustler magazine founder has teamed up with fellow adult entertainment mogul Joe Francis, creator of the Girls Gone Wild video series, to approach Congress for the same kind of financial assistance recently approved for car manufacturers.

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British Chancellor On Verge of 2nd Bailout For the Illuminati Bankers

Alistair Darling has been forced to consider a second bailout for banks as the lending drought worsens.
The Chancellor will decide within weeks whether to pump billions more into the economy as evidence mounts that the £37 billion part-nationalisation last year has failed to keep credit flowing.

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Billions more of tax payers money bailing out the banking scum. Time to take a stand!!!

General Motors Already Bankrupt - Bailout Won't Help

For General Motors Corp., the question is no longer whether it will get a government loan or if Chief Executive Officer Rick Wagoner will be replaced. It’s whether anything can prevent the largest U.S. automaker from sliding into bankruptcy.

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Carbon Trading Is a Scam.

Whether you believe in man-made global warming or not, please realize that carbon trading is a scam.
A big red flag is that our bailout buddies over at Goldman Sachs, JP Morgan, Morgan Stanley, Citigroup and the other Wall Street pirates are buying heavily into carbon trading.Since these firms contributed so heavily to Obama's campaign, they will exert enormous pressure on Obama to push a huge carbon trading program.

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Fed Risks ‘Spitting in the Wind’ With New $800 Billion Pledge

The Federal Reserve’s new $800 billion effort to combat the financial crisis is designed to make credit more accessible to shaken consumers who aren’t sure they want more debt.
Households and lenders may not respond much because of the wealth destruction from plunging property and stock values, and the deepening economic slump, economists say. That means banks may end up returning the Fed’s new liquidity through deposits at the central bank.

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Banks ‘Need Extra £110bn Of Public Money To Start Lending Again’

High street banks could require another £110 billion in taxpayers’ money to shore up their finances if they are to resume normal lending to consumers and businesses, a leading think-tank says today.
The warning that the banks could need three times as much in public support as the £37 billion already pumped into them will fuel speculation that the Treasury may yet resort to wholesale nationalisation of the banking industry.

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U.S Taxpayers To Fund $1Billions Upgrade To General Motors Brazil Operation

General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to "complete the renovation of the line of products up to 2012."

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Now that's really taking the piss out of the American Taxpayer!!!

Where's The Money Gone? Not Here, Say Guilty Three

The three men sat, in a row, looking like a trio of naughty, if rather aged, schoolboys. They may, in reality, be the most powerful men in the land when it comes to the economy but, for their appearance before the Treasury committee, they had donned the careful blank faces of pupils caught red-handed. John McFall, the Labour committee chairman, effortlessly adopted the persona of the stern and humourless headmaster as he faced the guilty three: Alistair Darling, the Chancellor, Mervyn King, Governor of the Bank of England, and Whatshisname, the new guy at the Financial Services Authority. They did, actually, look furtive.

Beside Mr McFall was a stack of 5,000 e-mails with questions for the Guilty Three from the Great British Public. The trio gulped. Mr McFall read out the first question, from Ted W. “Where,” he demanded, “has all the money gone?”
The Chancellor began to burble about global situations. I don't think Ted W. will be too impressed. The answer seemed to boil down to: “Somewhere else.”
Michael Fallon, a Tory, demanded to know who was really responsible. “We have this impression of See No Blame, Hear No Blame and Take No Blame,” he said. As he said this, See No Blame, Hear No Blame and Take No Blame didn't move a facial muscle. Had they been behind the bikesheds taking group Botox?

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Disgraced Boss Behind HBOS Bank Debacle Back on £60,000 A Month

The disgraced head of Halifax Bank of Scotland will be paid a staggering £60,000 a month to oversee tens of thousands of job cuts at the stricken lender.
Chief executive Andy Hornby will receive the fee for helping Lloyds TSB with its takeover of HBOS, a controversial centrepiece of the Government's £37 billion nationalisation of High Street banks.

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The Final Looting Of America - By Outlaws In D.C

Outlaw is defined as: a person, group, or thing excluded from the benefits and protection of the law. Americans who care about freedom and liberty have known for a long time that Congress has simply become a lawless group of political animals who care nothing for the supreme law of the land. For decades they have turned a blind eye to other outlaws operating on their behalf: non elected officials in the various cabinets and agencies who have been destroying a free market system and the Bill of Rights. The list is so long, it would fill ten columns.

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Brown Bail-out Under Threat As Bank Seeks Better Deal

Gordon Brown's lauded banking bail-out risked unravelling last night as Lloyds TSB lobbied the government to ease the repayment conditions attached to an emergency injection of taxpayers' money.
The urgent attempt to renegotiate parts of the bail-out terms - and allow rescued banks to pay a dividend to their shareholders - came as the stock market wiped out all of the gains made in the euphoria following the bank rescue package, amid anxiety that the global economy was plunging into recession.

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Use tax payers money to not only bail out the banks but pay dividends to shareholders??

You gotta be kidding me!!

And who will benefit the most? Yes your right the fat cat bankers who have the most shares!

Fatcat Barclays Bankers Jet Off To Italy For Lavish £500,000 Banquet As Country Faces Up To Financial Crisis

While the rest of the country struggles to come to terms with the financial crisis, a group of Barclays bankers have jetted off for a lavish banquet costing more than £500,000.
As British taxpayers faced up to a grim financial future, coupled with the fear of tax hikes following the government's bailout £500billion bailout package, a group of fatcat bosses from Barclays Wealth flew out to the luxurious Villa Erba, beside Lake Como in Italy yesterday for the all-expenses paid jaunt.
Invites alone for the bash are believed to have cost up to £3,000.
Over 300 guests will be wined, dined and entertained with an evening of opera before spending the night in the luxury surroundings of the exclusive Villa D'Este hotel.

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Now DO You See How They Are Taking The Piss Out of YOU!