Big Banks Toxicity: A Global Plague
Our federal systems of justice are failing the U.S. citizenry, miserably. It is a fact, beyond consternation that federal agencies’ willful blindness has fostered Goldman Sachs toxicity to the point that Sachs personnel are brazenly and flagrantly ripping off their own clients.
Goldman Sachs toxicity has spread worldwide to other banks!
Compounding the issues of our nation’s economic security is the ability of Goldman Sachs to get “planted” deep state agents into our watchdog systems (like Jay Clayton, Colm Connolly, James Lackner, Maryellen Noreika, Clifford White III, Andy Vara and Ellen Slights).
In the past week alone there have been stories of fraud flooding the Internet with increased verbosity.
Now, Goldman Sachs is warning a stock market slump approaches.
Question is, why are federal authorities allowing this crap to thrive to the point that it is putting us on the border of a recession?
Didn’t our watchdog agencies learn anything from the slickness of pre-2008?
This reporter has helped document 100s of Wall Street frauds by Goldman Sachs and Bain Capital organized criminal enterprise in the U.S. by this writer’s year long Wall St Fraud series that includes discussions about the Goldman Sachs toxic culture that the new Sachs CEO, David Solomon, claims to be nonexistent.
So where are the investigations, arrests, indictments, and convictions?
Unfortunately, the FBI, SEC and Justice Department’s willful blindness, incompetence and issues of duplicitous agents in the Petters Ponzi, Marc Dreier, KB, Fingerhut, Mattel and eToys cases has resulted in the demise of Toys R Us. They don’t seem to care about these flagrant crimes, which are now documented by Laser to be in excess of at least 100 instances.
Every time we hear Wells Fargo has purportedly been “slapped on the wrist,” another batch of “mistakes” quickly arise resulting in more bogus foreclosures.
And it doesn’t stop there!
Cities are now doing the previous unthinkable of going broke, defaulting on invoices, and even the State of Puerto Rico also filed for bankruptcy.
The question is are there crimes in many of those insolvency cases not being addressed? The abundant answer is a resounding yes!
Most are unaware that Wells Fargo also ripped off eToys. Or that Goldman Sachs and Bain Capital are partners in a racketeering enterprise that includes “Bankruptcy Rings” that fleeced Fortune 500 Mattel, for billions as this author’s very first story on the Learning Company details. (See – here.)
Around the same time, Goldman Sachs scammed their client (eToys) for hundreds of millions of dollars.
In 2013, The New York Times reported that the documents on eToys, “clearly show that Goldman knew exactly what it was doing when it underpriced the eToys I.P.O. — and many others as well.”
Are any public or private companies – safe?
Puerto Rico was in bankruptcy over its Bond issues and that involved Goldman Sachs, with Bain Capital (who got bailed out by our tax dollars.)
The bankruptcy of Puerto Rico is also in Delaware, where KB and eToys cases are. Sachs/Bain law firm of Morris Nichols Arsht and Tunnel (MNAT) perpetrated Mattel, Fingerhut, KB and eToys organized crimes without any fret of being held accountable, because of that uncanny ability of Goldman Sachs to get handpicked planted people into key positions within our federal systems of justice (such as the likes of — Jay Clayton, Colm Connolly, James Lackner, Maryellen Noreika, Clifford White III, Andy Vara and Ellen Slights), who all are part of the observable dynamics of willful blindness that guarantee the organized criminal enterprise (racketeering) continues.
In 2017, President Trump was sued by whistleblower Laser Haas, to block Jay Clayton from becoming head of the SEC. The lawsuit included warnings about Colm Connolly (who was a MNAT partner and a corrupt fed prosecutor).
Trump ignored the lawsuit as the Washington, D.C. Clerk hid the case from the public stamping a giant “F-Deck” on the document until 3 weeks after Jay Clayton was confirmed.
Making things worse, after Clayton was confirmed, Trump then proceeded to make Colm Connolly into a Delaware Federal District Court Judge (who Senator Biden had stopped from becoming, 10 years earlier when he blocked him.)
This particular selection is very alarming. So much so, that this reporter did a detailed résumé story (here) about the facts of Colm Connolly being a federal prosecutor who protected Goldman Sachs & Bain Capital from federal investigation.
Those facts of cronyism, cover-up and corruption most certainly disqualify Connolly from being chosen to prevent worse harms as a federal judge.
Trump compounded that horrendous decision by also nominating a 2nd MNAT partner (Maryellen Norieka) to be a Delaware District Court Justice.
That’s 2 MNAT partners becoming judges out of only 4 potential bench seats! While there are over 50,000 lawyers that Trump could have chosen.
Of the many evidences brought to my attention by Laser Haas, one of the most coincidental in my opinion was the shutdown of the Justice Department’s Public Corruption Task Force in 2008 – and threatening of career federal prosecutors to keep their mouths shut, about the reasons why (see March 2008, L.A. Times article “Shake-up roils federal prosecutors”).
Outrageously, that major case unit’s shutdown occurred only a few weeks after Laser Haas armed with smoking gun proof of Colm Connolly’s résumé, filed an 18 U.S.C. § 3057(a) Complaint, with the Public Corruption Task Force, in Los Angeles.
And Trump has given that crook a lifetime judgeship!
Fostering the racketeering is now a worldwide issue. An example of this is the Malaysia 1MDB Goldman Sachs scandal where nearly half of the $6 billion raised by Sachs, was stolen by the help of Goldman Sachs senior executives.
If you can break the law with no worries, then it is only logical that the crooks steal bigger and faster, from as many as they can.
Sachs exec Tim Leissner, who plead guilty in the Malaysia scandal, testified his bad faith actions was an encouraged “culture” at Goldman Sachs, where profit is the controlling protocol.
David Solomon is the new CEO of Goldman Sachs who has touted the fact that Sachs “culture” is one of good faith, but that contention fails to pass the smell test, until cases like Laser/ eToys and Mattel are resolved.
On top of all that, any Web search can find that there are many Justice Department prosecutions of the FCPA! However, what we don’t see, are the efforts of our fed agents/agencies into prosecutions of domestic corruption by federal agents and prosecutors who are willfully blind to these financial misdeeds!
It is as if the betrayal of their oath of office to preserve and protect the Constitution of the United States isn’t worth the toilet paper they crap on. In other words, they are wiping their arses with the U.S. Constitution.
Instead, it would appear, the rank and file of federal agents, and judges, turned from oath of office into profiteers or career advancement lords after the rank and file witnessed California U.S. Attorney, Debra Yang (head of the Corporate Fraud Task Force) and our former USAG, John Ashcroft, were egregiously blessed by New Jersey U.S. Attorney, Chris Christie, with a $50 million dollar, NO BID, Deferred Prosecution Agreement.
It is wrong that Sachs and Bain Capital can break laws with impunity and that the inexplicable and intolerable willful blindness of our federal agents and agencies is fostering the organized criminal enterprising to expand worldwide.
So that you may see the scope and breadth of it all, I’ll state simple facts about the toxic culture surrounding finance, including how authorities being willfully blind, is becoming a worldwide phenomenon like corruption is the new black plague. Because the antidote is public transparency and accountability holding those responsible for various financial related crimes.
Australia Gov. Reveals Scathing Report on Authorities Willful Blindness
In Australia, reacting to public outcry, an authoritative report recently released documents about the incompetence in the highest levels of enforcement and the abysmal failures of the absurd protocol in allowing institutions or corporations to police themselves.
The report makes statements of status quo that can be applied to any country.
Such as this quote:
Confidence and trust in (Australian) government and public institutions is at an all-time low. When this confidence and trust is diminished, pessimism, divisiveness and conflict increase, and social cohesiveness is harmed. As a result, the economy and the welfare of all Australians suffers. Ultimately as International experience has shown, democracy itself is threatened and may be irreparably damaged. Governments ignore at their peril demands by citizens to combat corruption with vigor.
However, as Philomena O’Grady writes, the governments of Australia and New Zealand failed to do what they are supposed to do. Authorities are supposed to protect its citizenry from bad faith acts by corrupt banks in any way shape or form.
Philomena further cited the Report’s note that:
Australia’s Royal Commission into financial misconduct has revealed a culture of widespread systemic corruption, fraud and toxicity. Revelations made by a handful of witnesses chosen from over 10,000 complaints horrified and angered Australians and sent shockwaves throughout the international community. The Royal Commission lifted the lid on decades of fraudulent practices neglected and concealed by regulatory agencies and Government inquiries. It also uncovered a trail of consequential destruction ranging from broken marriages, bankruptcies, homelessness, suicides to ongoing human rights abuses by banks.Whilst the Commission’s Terms of Reference were specifically designed to limit the damage and embarrassment to Government, the revelations by those chosen to give evidence highlighted that a fraudulent and corrupt culture is deeply entrenched within Australian banking. These cases were just the tip of the iceberg. The testimonies brought to the forefront what is destined to become one of Australia’s biggest financial scandal.Government failed to act, despite being aware of the endemic and systematic problems that plagued Australia’s financial markets. The case presented has been ongoing for a decade and highlights the difficulty for victims of fraudulent banking practices to get cases investigated. (Attachments 9(i), 9(ii) &15). It paints a picture of Australia’s weak governance, lack of commitment to AML/CTF legislation and systemic failures to adhere to ‘Rule of Law.’
O’Grady goes on to state the facts, in much detail, on how perpetrated frauds were covered up.
In mid 2009, a complaint was lodged with ANZ’s Group Investigations concerning nearly a decade of unauthorized share trading occurring over a decade, identity theft, tax fraud, privacy breaches and money laundering offences relating to the unauthorized sale of a share portfolio 1997.Despite the Australian Taxation Office data-matching program, the unauthorized share trading remained undetected until 2009. Whilst the fraud was reported to the Treasurer, Assistant Treasurer (Attachment 9(i), (ii), 11, 15 &16) and the Taxation Office on numerous occasions, no action was taken to address the alleged offences.In order to substantiate the allegations, ANZ’s Group Investigations was provided in 2009 documentary evidence that included a forged E-TRADE CHESS Sponsorship Transfer dated 6/6/2006, (Attachment 1), as well as evidence relating to multiple identities which ANZ Group Investigations acknowledged. (Attachments 2, 3 & 8). Group Investigations were also reminded of ANZ’s obligations to lodge a Suspect Activity Report (SAR).In November 2009, the ANZ Group investigator dealing with the complaint advised that the matter was under investigation and, as such, details of the matter were to remain confidential. Then in early 2010, ANZ Group investigations advised that the matter had been investigated and no criminal offences had been identified.
Philomena makes the proper contention that the cover-up is worse than the crime. She asks – who is responsible and why there are inquiries into such matters if concerns are just ignored?
Specifically, Philomena reports:
The lack of accountability at the highest echelon of Parliament raised two questions. Firstly, who is responsible in cases such as these, and secondly, what is the purpose of having Parliamentary and Senate Inquiries if submissions raising social, economic and national security concerns are ignored.The ability of bureaucrats to conceal and dismiss offences, engage in Rule of Law breaches, mislead Parliament and make decisions which they are neither legally mandated or qualified to make, continue to pose ongoing social, economic and national security risks to the Australian community.This case also highlights systemic failures within bureaucratic process, which have seen cases like this one failing to be investigated due to the actions of negligent, incompetent and corrupt bureaucrats failing to comply with Section 13 of the Public Service Act. (Attachment 10 & 12)Whilst Section13 requires bureaucrats to act with integrity, diligently, ethically and honestly in addition to ensuring compliance with all Australian laws, this legislation is not only often ignored, but it is also rarely adhered to.
For a full understanding of the corruption in the Australian and New Zealand banking scandal at ANZ see the full article (here) and another article that was written by Philomena entitled: “Decades of Negligence, Corruption, and Conflict of Interest within Australia’s Financial Markets – Who is Accountable when Banks compromise another jurisdictions Financial Integrity?”
All we need to do is substitute a few words, and add the name Goldman Sachs, where Philomena’s remarks can be said for the U.S. or any other country of the world.
Sachs and Bain Capital defraud Mattel, Fingerhut and eToys goes viral
These “bizness strategies” include conflicts of interest like those documented in this authors Wall Street Fraud Series, about the court-approved eToys Creditors Committee counsel Paul Roy Traub and his secret partner, Barry Gold, pretending not to know each other, while working to rob Laser Haas and his eToys, after Laser became the court-appointed CEO of eToys.
MNAT lied/hid its conflicts of interest relationships with Bain Capital and Goldman Sachs so that MNAT could become the Delaware Bankruptcy Court approved attorney for Laser and eToys interests.
At the same time, Paul Traub and Barry Gold lied about their relationship to Bain Capital/KB, Wells Fargo, and others, so Paul Traub could become the eToys case court-approved Creditors Counsel.
Both MNAT and Paul Traub have continuously Obstructed Justice to protect Goldman Sachs stock swindle of eToys and Bain Capital/KB defrauding, Mattel, eToys and Fingerhut.
Laser Haas has alleged (substantially and extensively to this reporter) that Goldman Sachs’ partnership with Bain Capital includes unjust enrichment of billions of dollars with the aide and abet of planted parties that includes the super law firm of Sullivan and Cromwell (where Jay Clayton was a partner).
After the Washington D.C. Clerk of Federal District Court, corrupted the case of Laser Haas suing Trump, to block Jay Clayton and warn about Colm Felix Connolly’s bad faith, Jay Clayton was then confirmed to be head of the SEC.
Since then, SEC whistleblower cases hit a new high, but perhaps unsurprisingly punishments are now down 50 percent.
For greater details any reviewer can see this writer’s previous stories, WHISTLEBLOWER: DOJ Wall Street – Get Rich Quick – Revolving Door$ , and Does Wall Street Bully or Bribe Prosecutors? Revolving Doors At The DOJ.
This writer previously wrote about how Goldman Sachs was split in two with its own corrupt culture, after current President of Goldman Sachs David Solomon tried to pretend that issues from the bank’s past didn’t exist.
In short, Goldman Sachs new CEO, David Solomon, has inherited a host of very serious problems, including Mattel, Fingerhut and eToys multi-billion-dollar saga and the more recent (result of the previous failures of – handpicks – to prosecute) where the Malaysia Multi-Billion-Dollar 1MDB already has a guilty plea by Sachs’ former exec, Tim Leissner.
If that’s not enough on Solomon’s plate, Leissner confirmed a previous, infamous Sachs exec, letter of resignation that was given to the New York Times by Gregory Smith.
Whereas both Smith and Tim Leissner are upon the public record stating that Goldman Sachs betrayal of a client’s trust is an encouraged “culture” for profits sake.
Leissner pleaded guilty to conspiring to launder money and violating the Foreign Corrupt Practices Act by paying bribes to Malaysia and Abu Dhabi officials, as well as circumventing Goldman’s internal accounting controls, according to prosecutors.
Laser Haas reported Colm Connolly, and others, for being corrupt federal agents, to the Public Corruption Task Force. The Complaint by Haas was filed/time-stamped on December 7, 2007 (see the actual filing – here).
Just before the California, United States Attorney was required to answer Laser Haas’s time-stamped Complaint, chaos ensued. Instead of answering the Complaint, the Public Corruption Task Force was shut down (as is reported by the Los Angeles Times March 2008 article “Shake-up roils federal prosecutors”).
As if that wasn’t bad enough, California U.S. Attorney, Tom O’Brien (a GW Bush Air National Guard fly-buddy), actually is reported to have threatened career federal prosecutors to keep their mouths shut, about the reasons why!
What we do know, is then-Senator Joe Biden blocked Colm Connolly from becoming a federal judge (nominated by GWB).
It is also a fact that this was the same time a never-ending-POTUS-wannabe was making his first attempt to get into the White House.
Furthermore, according to court papers, the Malaysia scheme began back just around after the Shut-Down of the Public Corruption Task Force.
In 2009, the Malaysia prosecutors are stating, is the time 1MDB began, Then, between 2012 and 2013, Leissner conspired with two others (Roger Ng Chong Hwa, and one unnamed individual) to acquire and retain business from 1MDB for the benefit of Goldman Sachs.
They purportedly promised bribes and kickbacks to government officials in Malaysia and Abu Dhabi using misappropriated and embezzled proceeds from 1MDB bond transactions.Sachs’ new CEO David Solomon responded concerning the debacle, stating:
“We believe our culture and our processes around our due diligence and compliance was strong at the time and is even stronger today,” Solomon said in a year-end message recorded for Goldman’s employees. “While we understand the anger and skepticism, we do not believe that the criticism directed at us accurately reflects who we were then or who we are now.”
This author’s whistle-blower (facts document that he is a serial financial whistle-blower of financial malfeasance) responded to Solomon with a letter that Laser Haas went on the public record stating he took great umbrage with Sachs’ new CEO defending the “culture” of the company.
Haas contends that, for there to be a good faith culture at Goldman Sachs, then the company must be split in 2 with its Machiavellian part that has been doing organized crimes and obstruction – for the last 20 years.
It is a fact, beyond consternation, Goldman Sachs executives are upon the public record stating bad faith/ripping off clients, is a culture that is regularly encouraged at Goldman Sachs.
Again, when it is an empirical history, well documented, that Goldman Sachs never gets indicted (a rather easy thing to do when Al Capone can handpick Frank Nitti to be the prosecutor of Capone cases) – then they next logical step is to steal bigger (billions), faster, from as many as you can.
Interestingly enough, following Laser’s letter, Sachs CEO reported that Goldman’s number one lawyer, General Counsel Gregory Palm, retired.
The interesting fact being Gregory Palm also is another lawyer from the world renown Goldman Sachs New York law firm of – Sullivan and Cromwell.
Could this be a cleaning of the house, for eToys and 1MDB’s sake?
Entire EU Commission was fired in 1998 Due To Whistleblower; Corruption Plagued EU Again In 2010
The timing can’t be dismissed as a mere coincidence when the crimes are so obvious and the cover-ups run deep – before – David Solomon became CEO.
Meanwhile, in the UK Brexit pushes forward with representatives in London still trying to delay or cancel the will of the people to leave the European Union.
Apparently, there’s issue of criminality in trying to walk back a democratic vote that didn’t go in their favor (a story for another day).
However, what we will touch on is a story recently ran in the British Express last week, entitled “EU SCANDAL: How ‘rotten’ Commission was brought down by FRAUD claims.”
Why? Because it represents the worldwide toxicity and how the European Commission held members of the EU hostage through finances, just like what’s occurring now with Brexit.
Although, the pieces on the chess board have changed and the actions in 1999 former when Dutch whistleblower Paul van Buitenen revealed how the saga was rife corruption, involving fraud, and the latter is involving financial trade deals with EU countries. Both are forms of holding a country under financial hostage and inexplicable acts of willful blindness.
Britain has an exit deadline of March 29th and the EU has claimed it will not reopen negotiations, essentially telling Prime Minister Theresa May, “take it or leave it.”
Nigel Farage a vocal prominent Brexiter has said that “appreciation in Britain that unelected bureaucrats in Brussels have been talking down to and humiliating the Prime Minister of our nation, and we don’t like it.”
He added: “Many will say we are simply dealing with fanatics who are not prepared to be reasonable and make any sense of compromise.”
In a documentary in 2004 entitled: The Real Face of the European Union Farage reflected on the EU’s previous historic scandal stating that “I think this whole system is so rotten that its now unreformable.”
In 1998, a man called Paul van Buitenen, who worked in the European Commission, decided that fraud, waste, mismanagement, corruption and nepotism had become so bad that no longer could he hold his peace and he went public.He became the first whistleblower.It turned out that, in fact, all of his claims were right, and the entire European Commission was forced to resign in disgrace.
That case by whistleblower Paul Van Buitenen resulted in the entire European Commission being brought down by the revelations of widespread fraud and nepotism.
The former UKIP leader further expressed that the President of the Commission at the time, Jacques Santer, subsequently became a member of the European Parliament for Luxembourg, and EU commissioner Neil Kinnock, who also resigned, was later appointed Vice President of the governing body and put in charge of “sorting out fraud.”
Farage went on to express “How well has he done?”
In 2010, another whistleblower emerged, Marta Andreasen, the former chief accountant of the EU.
Andreasen was dismissed without pay following a 28-month inquiry after she spoke out against the European Union’s “Enron-style” book-keeping by none other than Kinnock, the reform commissioner, Telegraph reported.
“For her trouble, she has been suspended pending an investigation.” Farage said.“Everybody talks about reforming fraud within the European Union,” he added in the documentary.
Globally, a general consensus seems to be reached that people are genuinely sick of the corruption and incestuous relationship between governments and banks and central banks (hence the rise of the Yellow Vests as the second part of the Occupy movement across not just France but all over Europe).
The problem isn’t fixed when people in power are allowed to escape the claws of justice for their deliberate financial crimes or aiding and abetting those deeds.
If the public even were given one ounce of the truth about it, wouldn’t they want to see them locked up for decades or more?
However, there may be a glimmer of hope, somewhat. The same Goldman Sachs that appears to have screwed Germany, who was also involved in the Puerto Rico’s bond saga with Bain Capital, are now (reportedly) facing clawbacks of pay because of the Malaysia 1MDB scandal.
Malaysia financial authorities claim that it won’t let up on Sachs and will hold the bank accountable.
Nikkei Asian Review reports, those reported clawbacks include current CEO David Solomon and predecessor Lloyd Blankfein.
Meanwhile, Goldman has also suspended its former co-head of Asia investment banking, Andrea Vella, over his role in the firm’s involvement with the case, pending a review of allegations, Bloomberg reported.
If there’s anything that Goldman Sach’s CEO David Solomon should take from this it’s that Sachs isn’t the only bank that is a part of the problem because the issue of financial fraud is too grandiose.
Though justice gets stymied one way or another, it appears it is only a matter of time before the pendulum swings the right way.
Even Goldman Sachs’ former executive, Greg Smith, resigned by riveting letter to The New York Times revealing Sachs’s toxicity.
TODAY is my last day at Goldman Sachs. After almost 12 years at the firm — first as a summer intern while at Stanford, then in New York for 10 years, and now in London — I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it.[…]It makes me ill how callously people talk about ripping their clients off. Over the last 12 months I have seen five different managing directors refer to their own clients as “muppets,” sometimes over internal e-mail. Even after the S.E.C., Fabulous Fab, Abacus, God’s work, Carl Levin, Vampire Squids? No humility? I mean, come on. Integrity? It is eroding. I don’t know of any illegal behavior, but will people push the envelope and pitch lucrative and complicated products to clients even if they are not the simplest investments or the ones most directly aligned with the client’s goals? Absolutely. Every day, in fact.
If that’s not enough in 2010, a Goldman Sachs director Rajat Gupta told hedge-fund manager Raj Rajaratnam was tied to an insider-trading scandal involving a $5 billion investment that famed investor Warren Buffet made in the investment bank in 2008 before that information was made public, NPR reported at the time.
Also happening that same year in 2010, the SEC filed a lawsuit against Goldman Sachs, stating Sachs vultures misled its client investors by selling them a subprime-mortgage investment that was secretly designed to lose value. Instead of the bank being shut down or investigated for fraud, Sachs sued the SEC saying the investigation was political. The SEC was later cleared of wrongdoing and Sachs agreed to pay $550 million to the Securities and Exchange Commission, one of the largest penalties ever paid by a Wall Street firm, to settle charges of securities fraud linked to the mortgage investments, The NY Times reported.
Three years later in 2013, former Goldman Sachs Vice President Fabrice Tourre nicknamed “Fabulous Fab” was found liable for fraud for his role in a wrecked 2007 mortgage deal that cost investors $1 billion. Fab was accused by federal regulators of misleading the investors about subprime mortgage securities that he knew were doomed to fail, NYDailyNews reported.
David Solomon made the mistake of publicly stating Goldman Sachs culture is cleaned up, but that remark doesn’t hold water.
Tim Leissner pled guilty and testified, with no reason other than truth-telling that his acts of bleeding a Goldman Sachs client, was encouraged.
Malaysian prosecutors have also filed its own criminal charges against Goldman Sachs and two of its former bankers, Tim Leissner and Roger Ng Chong Hwa.
Such toxicity was spoken about, corroborating Greg Smith’s letter to The New York Times.
Proving numerous corruptions are the items whistled about by Laser Haas and the eToys cases.
The difference is, the proof of federal corruption, of organized crimes, national, and Sachs uncanny ability of getting handpicks into key federal agencies, is well documented by Laser Haas.
Making it all worse is the empirical evidence, alarming, of the Public Corruption Task Force being Shut-Down and career federal prosecutors being threatened to silence.
Resultant of the Obstruction and inexcusable refusals to prosecute are the facts that Toys R Us is DEAD.
Laser forewarned, after Romney lost, in 2013, that the bankruptcy of Toys R Us was inevitable because The New York Times article, “Rigging the [eToys] IPO Game” resulted in Bain Capital having to cancel the (second) public offering of Toys R Us stock.
Goldman Sachs new CEO, David Solomon, has few options, due to his public proclamation that it is a new day of good faith at Goldman Sachs.
Solomon can either make his remark true – or make his words – false!
Laser Haas has plans to escalate the matters, with the courts and there’s a brand new USAG who will face the same dilemma as Sachs CEO Solomon.
Our brand new United States Attorney General is William Barr and he is going to have the same choices about eToys v. Goldman Sachs, as Solomon.
Do something – or do nothing?
If Solomon and Barr rest on their honors and stick their heads in the sands about the eToys cases – ongoing – then they have decided to be deceitful.
Arguably, Goldman Sachs, Sullivan and Cromwell, MNAT, Colm Connolly and Jay Clayton’s overt acts of obstruction/willful blindness, are deserving of very severe punishments.
Outside of the demise of Toys R Us, there are people dead resultant of the corruption protecting the related cases of eToys.
Robert Alber, an eToys shareholder who worked with Laser Haas – is Dead! Like Jay Clayton, Colm Connolly, James Lackner, Maryellen Noreika, Clifford White III, Andy Vara and Ellen Slights, Michael Sesseyoff, a career criminal who tried to assassinate Robert Alber, was shot and killed during the assassination attempt.
John (Jack) Wheeler is Dead!
Marty Lackner, the brother of James Lackner, is Dead! Marty was involved in Paul Traub/Tom Petters Ponzi, but Marty never was indicted before he was found dead, in his closet, of a purported suicide. Marty was over 40, with a wife and children, but he left – No Note!
Perhaps it has something to do with the fact that James Lackner was head of the Criminal Division of the Minnesota United States Attorney’s office?
It is axiomatic that any homicide resultant of organized crimes means each and every party who participate, including those who help the Obstructing, are also guilty of the homicides, and that makes the cover-ups duplicitous, even more so then they already are!
Sachs CEO, Paulson, was gifted the task of bailing out the banks (including Goldman Sachs) from any harms resultant of the mortgage frauds/ title crisis; but handpicked Colm Connolly buries the Mattel, Traub/Dreier, Fingerhut, Traub/ Petters and eToys fraud cases. Then Blankfein comes along, gifted the bailouts and cover-ups, as Sachs partnership with Bain Capital continued to Obstruct Justice in the same cases. Blankfein then took the impunity and added Germany, Puerto Rico and Malaysia debacles; whilst continuing the Obstruction in the Mattel and eToys related cases – that was dumped into David Solomon’s lap. This leaves only 2 choices for Solomon. Admit the Obstruction in the Mattel and eToys related cases (that helped kill Toys R Us), or continue the Obstruction and cover ups with hand picked Jay Clayton as head of SEC and corrupt fed prosecutor turned judge, Colm Connolly.
All of that compounded should answer the ubiquitous question Plains All American Pipeline, L.P. asked in a recent article: “Is There A Resounding Lack Of Confidence In The Goldman Sachs Group, Inc?”
Wall St Fraud Exposure Series:
SoMee.social: Aaron Kesel
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