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Nuke 'em 'til the Glow and shoot 'em in the dark: (April 20, 2010 7:37am)

Face it Clinton Did Lewiniski and Obama is Doing US! We need to kill his powerbase in November by voting out the Democrat Majority. You Know it's bad when Anybody and Nobody are beating Hussein Obama (HO for short) in the polls and that was before the Health care bill. If the Dems stay in we might as well leave the industry because there will be NO industry left in the USSA.

Negotiator: (April 20, 2010 4:58am)

Rhino Rhino Rhino...... What he was handed and what his actions are/were over the last 15 months are more of the same and worse. Someone show what he IS doing to empower small business to start hiring people again just to start? He has done nothing but raise taxes and cause more destruction...he has a plan....believe it.

5pence: (April 19, 2010 5:52pm)

It's called apathy when you do give up because you're self-evinced the cards are all stacked against you and you don't have a chance and you can't change anything. No sale. "All it takes for evil to triumph is for good men to do nothing"

papajohn704: (April 19, 2010 4:27pm)

Please. Please you guys who think Goldman Sachs is going down. I believe they gave something like $175 Million to Obama's elections campaign fund. And you think they are going down?

Rhino: (April 19, 2010 3:42pm)

Pops and Evergreensapppraisers: You are correct. Without Clinton's acquiesence, the derivatives and Countrywide fiascos would have been much more controlled. My problem with blaming Obama for much is that he's been in office for 15 months after being handed a LARGE pile of cow manure. Why don't we give the man a chance?

evergreenappraisers: (April 19, 2010 3:22pm)

Pops is right. As for Bush, well...I was one of the last left standing in that 24% approval rating. Then when I saw what he did during the waning days of his admin in the meltdown, I saw a totally different person. I saw through and realized some very disturbing information. I've slowly been fighting this tin foil, CT hat since those days. Bush, Obama, Clinton, et al. I'm afraid they're all in the same bed.

Pops in AZ: (April 19, 2010 3:04pm)

Rhino & Fryed - PLEASE get off this Democrats vs. Republicans foolishness. Both are EQUALLY at fault. Unfortunately, Goldman-Sachs is clearly in bed with Obama's administration and they were in bed with previous ones as well.

Rhino: (April 19, 2010 2:44pm)

Fryed, Bush was so pro business he just about drove every mortgage broker out of business. Now everyone works for a bank. Repubs are pro business, as long as the business is $5 Billion or more. Little guys, eh, not so much.

Fryed: (April 19, 2010 2:40pm)

Rhino....even though there was an election and the democrats could have easily passed health care with their majorities(if everyone was on board that is)...why didn't they...because their own members didn't like the health care bill so they had to resort to reconciliation.

Fryed: (April 19, 2010 2:31pm)

Rhino, I know this is complicated....you know there is an election coming? The democrats want to discredit the republicans for not having a pro consumer attitude...so if the democrats come out with a very pro-consumer, anti-banks and wall street piece of legislation(CFPA) which they know that many of their own democratic members won's support, who do you think might be against it(hint:not the democrats because the republicans are generally MORE pro business). So when the election campaign starts, guess what the democrats will say.....THE BAD REPUBLICANS WERE AGAINST THE FINANCIAL REFORM THAT THE DEMOCRATS WANTED, therefore vote democrat. AND even though the democrats hold a majority (-1 in the senate) they will will try to skewer the republicans because they were against reform. And many of the uninformed American population will say I'm not going to vote in those bad republicans because they were against reforming the banks and wall street.....got it?

Rhino: (April 19, 2010 1:44pm)

Fryed, let me see if I can explain. The Democrats are going to get bills passed because, see, they won an election. Slowly: E,l,e,c,t,i,o,n.

Oscar the Old Man: (April 19, 2010 1:20pm)

on the campaign to vote any one in office for more the 4 years . . OUT. Take no prisioners . . vote them OUT. Experience? what has experience got us so far. And re-size the districts and get rid of excess politicians. Let the goods ones..?.. fight it out with the positions left.

Oh vey: (April 19, 2010 1:13pm)

What a mess

Fryed: (April 19, 2010 1:05pm)

What TOTAL BS is that the democrats are posturing their financial reform policy so that the republicans fight it, so that the democrats can then hit them over the head with it come election time. That isn't representation for the people...it representation for the legislators to get re-elected.

Rhino: (April 19, 2010 1:00pm)

GOOD NEWS for Frank and Brian: Stocks are up. Poor old Warren Buffett got his money back in one day. Life on earth continues.

Colorado Pearl: (April 19, 2010 12:43pm)

TWBS Daily on 2.17.10 - "Well it looks like God is the CEO of Goldman Sachs... Hmmmmm...." So the FCC finally figuered out they really can be the boss of God?!?

KILLHVCC: (April 19, 2010 12:32pm)

extortion, racketeering, punishment.. none !!! licensed to betray the public, no one's got the guts to stop it. above the law and on the take, corruption, deception and then cover up. i wish the tea party would go after the banks the way they do democrats. the banks should have been busted up before and/or during the health care fiasco.

SouthlandAppraisersUnion.com: (April 19, 2010 12:19pm)

http://regionslawsuit.com/about_us_.html check out regions thong thursday

Fryed: (April 19, 2010 12:15pm)

Here's the plan from the Obama admin to strenthen the mid term election results for the Dems....they are going to push for "Financial Reform"....they are going to throw in everything and the kitchen sink...who do you think will argue about that...REPUBLICANS. Then the Democrats are going to tell the public...SEE THE REPUBLICANS ARE BAD PEOPLE. Woops can't not comment on the Goldman issue...way too late but nice to see they are going after someone. Interesting is that Goldman contributed HUGE $$$ to the Dems and are so upset with the fraud charge! Well lets see if the crooked legislature will step up and write some laws that will meaningfully effect they're largest PAC contributors...poor babies. The ratings agencies should also be on the list.

valuequestor: (April 19, 2010 12:13pm)

Down with the Big Five. Support your local bank and Credit Unions. Stop Feeding the PIGS.

valuequestor: (April 19, 2010 12:11pm)

I hope we see real change start this November. With all of the problems this country has right now. Most of the answers to the problems are not that difficult to conceive. The trouble is implamenting them without completely corrupting their true intent and purpose. Its going to be a long road out of this wilderness but it still starts with a few steps in the right direction. Taxes are a sore point with me having been handled rather roughly by the IRS in the past. I would completely support a National Sales Tax or VAT coupled with the REPEAL of the 16th Ammendment.

5pence: (April 19, 2010 12:09pm)

Goldman gets fraud charges and oil prices drop - interesting corollary ehhh?

??????: (April 19, 2010 11:41am)

http://www.recovery.gov/Pages/home.aspx Track the money from the American Recovery & Reinvestment Act of 2009

5pence: (April 19, 2010 11:26am)

The FDIC was created to keep the Fed Reserve in control after they caused the banks runs in the 20's that caused so many small banks to fail. I wonder how many other of our banking institutions in the US were created just to try to keep the Federal Reserve in line. Hmm. Later good folks. I can't think about this all day or I'd go nuts lol. Have a good one. I still think it's hilarious GS is caught. Mr We're doing God's will hahahahaah

GODLIKE: (April 19, 2010 11:21am)

OBAMA'S one smart cookie! He knows all he has to do is speak and half the public will believe him while the other half is too apathetic to bother to check it out. Speaking out his ass worked at election time so he's just saying whatever he thinks we want to hear. I'm reminded of the old Indian saying of White man speak with forked tongue, only the Obamination's only half white.

5pence: (April 19, 2010 11:11am)

The good news is - we're not alone - "This should be a wake-up call. Both sides are guilty," said Sen. Claire McCaskill, D-Mo. She pointed to "nonsense" that goes on during campaigns that leads to "promises made but not promises kept." Still, she added: "Distrust of government is an all-American activity. It's something we do as Americans and there's nothing wrong with it." Sen. Scott Brown, a Republican who won a long-held Democratic Senate seat in Massachusetts in January by seizing on public antagonism toward Washington, said: "It's clear Washington is broken. There's too much partisan bickering to be able to solve the problems people want us to solve." And, he added: "It's going to be reflected in the elections this fall." Matthew Dowd, a top strategist on Bush's re-election campaign who now shuns the GOP label, says both Republicans and Democrats are missing the mark." http://www.comcast.net/articles/news-politics/20100419/US.Government.Distrust/

5pence: (April 19, 2010 11:04am)

Goldman Sachs and all the big banks were betting against the American dream when they were creating and selling those CDO's and filling peoples heads with "real estate prices will never go down! get in now." They were even able to get the unemployed in debt! Amazing. I think it's just so awful, what happened, that people have a hard time accepting the truth - it's just so wildly, morally incomprehensible and so reprehensibly criminally offensive. Just thinking about it makes me want to take a shower, and I'm a guy, lol. Nothing like finding out your pocket was picked to wake you up. "Nearly 8 in 10 Americans say they don't trust the federal government and have little faith it can solve America's ills, the survey found."

Realist 1: (April 19, 2010 10:58am)

Couldn't agree more 5Pence - Regarding the wars; check out this 15 second video http://www.youtube.com/watch?v=ofwgk0D5dHs - Obama's campaign promise: ""I will promise you this, that if we have not gotten our troops out by the time I am president, it is the first thing I will do. I will get our troops home. We will bring an end to this war. You can take that to the bank. " - Barack Obama Campaign Promise - October 27, 2007>

Brian cut his mullet: (April 19, 2010 10:52am)

Brian, Great haircut. That mullet wasn't looking too good...Keep up the good work guys!

I smell bullshi$: (April 19, 2010 10:48am)

Isn't it ironic that Hussein Obama is hitting the circuit this week and next week to make his pitch for financial reform..at the same time that Goldman Sachs is indicted. Is this not the most blatant coincidence? everyone was saying how the govt would never touch GS because of the old boys club ties with govt, now our fearless leader Obama has hit GS with fraud charges. What a fuc%^&g Joke.

5pence: (April 19, 2010 10:46am)

I know Realist1-Obama is clueless. He really think the cure is the new Consumer Protection Agency. He knows absolutely nothing about economics. They're asking for input, here's mine. WTF IS THE MATTER WITH YOU IN CHOOSING GEITHNER & SUMMERS AS YOUR ECONOMIC COUNCIL!? THEY ARE THE ONES THAT GOT US IN THIS MESS! YOU WANT TO CHANGE THINGS-GET RID OF THEM! THERE'S YOUR PROBLEM-DON'T YOU GET IT YET? YOU RAN ON A TICKET OF CHANGE WE CAN ALL BELIEVE IN AND IT'S JUST MORE OF THE SAME CRAP! WAKE UP! YOU'RE NOT GOING TO WIN OVER THE AMERICAN PEOPLE BY CHUMMING UP WITH THE BANKING ELITE. CHANGE IS WHAT WE VOTED FOR, CHANGE IS WHAT WE WANT-NO EXCUSES. I just can't believe how naive or just plain stupid he's being. Wars in Afghanistan & Iraq are running hundreds of billions a month. How long can a country be believed in that declares war because someone "might be a threat" and finances those wars with borrowed $$$. Anybody thinking someones thinking, give them enough rope & they'll hang themselves?

Rotgirl: (April 19, 2010 10:42am)

I NEVER thought I'd see anything like this: http://blog.smartypig.com/read/were-raising-rates Wow! Being punished for saving money. I'll my money is coming out of there TODAY!

someGuyOnTheNet: (April 19, 2010 10:39am)

Pfft... I might agree that we're putting to much on Goldman Sachs actions. They aren't the 1st ones nor the last. A better action would be putting laws in place making people in these corporations accountable for their actions when it comes to decisions that adversely affect the US or the global economy. In this point in society and a global market, I think persons in charge of corporations that have such pull and purposely set up scenarios where their company makes a profit at the ultimate cost the economy are committing treason. We should set a higher standard to those who run these enormous sized mega corporations. I'm ALL for capitalism, but it must be checked on occasionally and people need to be held accountable for their actions. Especially when they have the power to cripple the very foundation of the very thing that made them rich.

evergreenappraisers: (April 19, 2010 10:39am)

Realist, 5pence, wish we could chat over a beer about this. :) VeroDeezy...you're right on the money.

5pence: (April 19, 2010 10:30am)

Frank, it almost sounds like you're saying the government wants another bailout because they can make 8.5% - I'm hoping you're joking lol. Anyway, The system is corrupt and as long as it is there can be no lasting recovery. Forget recovery, we need to clean this mess up. Banks want global economic integration - sounds like world dominance to me. "Democracy, national sovereignty (popular sovereignty in Americas case)and global economic intergration are mutually incompatible" It's possible to have any 2 but not all 3. "The inexcapable trilemma of the world economy". . http://rodrik.typepad.com/dani_rodriks_weblog/2007/06/the-inescapable.html

Realist 1: (April 19, 2010 10:29am)

Evergreen and 5 Pence - right on! I listened to Obama's speech about financial reform; it's truly amazing. He says the right stuff about no more "too big to fails" and cracking down on the lobbyists, but in reality he is surrounded by Goldman people on his staff and his health care bill was written by lobbyists. So what's up with that? The whole thing is a sham as far as I can tell.

evergreenappraisers: (April 19, 2010 10:28am)

5pence, bingo!! Good grief, our tin foil hats are showing, aren't they? LOL. Ah well. I suppose about the best thing I can do is learn to wear it with pride and make a fashion statement out of it or something.

VeroDeezy: (April 19, 2010 10:24am)

I bet its all for show. Theyre just gonna give him a penalty to pay or something and within time the people will forget this even happened. Or maybe this is their plan so they can come up with some new regulation for us in the Banking industry! They are all in on it! When will the people wake up and take charge of our lives and stop letting the government run ours!

5pence: (April 19, 2010 10:20am)

evergreenappraisers - totally agree. The Federal Reserve is a private entity (they are no more part of the Federal Government than Federal Express) that was entrusted with keeping, holding and maintaining the value of our money. What's happened in less than 100 years is the dollar is worth .04 or less, America is the largest debtor nation in the world, gold and silver can not be used as currency (to maintain their absolute control of the Federal Reserve Notes worth through world wide market manipulation) and we owe them trillions in interest for what we've borrowed from them. Quite the scheme ehhh? Add in the income tax that was introduced the same year as the Federal Reserve and you have an entity of bankers that had a plan from the beginning to destroy the value of the dollar and install themselves as rulers with all the money to make the rules. In the '20's and before the great depression, thousands of local banks were destroyed by the Fed increasing and decreasing the money supply.

evergreenappraisers: (April 19, 2010 10:04am)

Realist, that would be beautiful if it played out properly. Real justice from our government regulators? What a concept, but I'm not holding my breath. I think the real thing to get across to the masses about the Fed is how evil the entity is to begin with. Most don't even grasp that part of the concept.

GSV: (April 19, 2010 9:57am)

Rhino... errr. ok, I was going to make a comment on your comments but I just remembered that you can't reason with uninformed ignorance. My bad. Rhino, just keep on believing that fable about your Obama. Can't hide the truth forever. GSV.

findingsolutions: (April 19, 2010 9:55am)

Rhino, way to go!! I think now would be a good time to start pushing the secret shared loss agreement that Hank Paulson set up at the end of summer in 2008. It need to end now!

Realist 1: (April 19, 2010 9:50am)

I agree with Evergreenappraisers about the kangaroo court, but it could be the GS civil suit opened pandora's box to all kinds of unintented consequences. The other thing to keep in mind that is not well know is that Goldman Sachs has an ownership interest in the Federal Reserve.

Pete: (April 19, 2010 9:47am)

I thought I read somewhere that GS rented 20 floors in one of the 9/11 towers that were blown up. If this is true, does anyone know how many GS employees perished? Just curious.

Realist 1: (April 19, 2010 9:46am)

There is no honor among thieves. Could this be the beginning of the rats turning against one another as the SHTF? Time will tell.

evergreenappraisers: (April 19, 2010 9:45am)

Folks, please don't misunderstand those of us that are saying the SEC probe isn't worth it. It's not that we're into the 'too big to fail' mindset or that we want a recovery at all costs. The reality is, while we'd all like to see Iraqi style justice carried out on these thugs (think Saddam on the gallows), the likelihood is that it's going to be kangaroo court. The fox is watching the hen house. If they get true justice, I say go for it. The likelihood of that is minimal. Not unless Ted Nugent gets to be the prosecuter. LOL.

cowboyconservative: (April 19, 2010 9:40am)

Rhino - Dude! Listen! They are not feeling sorry for G-S (or Buffet, for that matter). They were just appreciating the irony.

onewestvicitm: (April 19, 2010 9:37am)

The ONEWEST-Goldman Sachs connection: The investors in onewest bank with the FDIC sweetheart deal- 1-Steven Munchin: CEO IMB Holding Co., GS partner 17 years 2-George Soros: owned 41% of GS stock as of 12-2008 3-JC Flowers, GS partner 1979-1998 4-Robert Leeds, GS VP 1987-2001 5-John Paulson: sold 2 million in GS stock 6-30-09 6-Michael Dell: no connection??? 7-Stonepoint Capital (Trident Funds) Stephen Friedman: GS 1987-1994 Charles Davis, GS 23 years I posted this with more details on wikipedia and it was removed. GS has sued to have other information on the internet removed also. I have done a lot of research on OneWest and was shocked to find this blatant connection to GS.

Realist 1: (April 19, 2010 9:35am)

It's important to realize that the whole thing is a ponzi scheme and the truth is finally rising to the surface. Henry Paulson, our Treasury Secretary under Bush was a former Goldman CEO. He threatened to crash the system unless he got his $700 billion bailout and now we are hearing the same theme here again. This is blackmail! These people all belong in prison. I can only hope that the civil suit which may or may not be a slap on the wrist will open the door to other long overdue criminal and civil lawsuits.

Oscar the Old Man: (April 19, 2010 9:31am)

Is this anything like the movie by Mel Brooks staring Gene Wilder? The Producers. It is more cost effective to produce a play that is a looser than a winner, but dont get caught trying to be a winner when you should be a looser.

Rhino: (April 19, 2010 9:25am)

Frank and Brian, your chatter today was insulting to even low-intelligence forms of life. Are we, like, feeling sorry for poor old Goldman Sachs? No wait, are we feeling sorry for Warren Buffett? GS and its ilk should be tried in criminal court. The derivatives market is now over 1.4 quadrillion dollars! It was ignored and encouraged by the previous administration which, after starting wars all over the place and ignoring anything resembling regulation, "solved" the resulting financial disaster with a three page "hand money to GS et al" bill in September 2008. So your conclusion? Obama is playing politics. Give me a break. Obama's problem is that he keeps believing that there are congress critters out there that want to help. There aren't. Wall Street is rigged, and you are just unwitting mouthpieces enabling them to continue their thuggery.

5pence: (April 19, 2010 9:17am)

Don't forget it was GS traders/speculators that got oil up to $154 barrel and are in the lead for commodities trading not on fundamentals but speculations. Sleazy crooks, all of them. I can hear it now "But there's no money to be made if commodities trade on fundmentals". The big banks are now so big (and actually already were) that they can move the stock market any way they want - and the prices we pay. Too big to exist, bloated money mongering monsters IMHO

5pence: (April 19, 2010 8:47am)

I'm going to post this everyday on all the real estate blogs I can find. If you can't get out of your seat to help - make a call. Here's a toll free # where you can call directly to your own Senators office in Washington. They're in session so you will be heard. Let them know what your needs are. I've called at least 3 times and they've always been helpful. Spread this information to anyone and everyone you know so that our voices will be heard. Thanks! (866)544-7573 Office of Senate Toll Free (please call between 9am & 5pm) Talking Points: 1) Crack down on irresponsible and reckless behavior by big Wall Street banks and hold them accountable; 2) Protect consumers by policing unfair and deceptive practices; 3) Close loopholes that allow secret and risky "shadow market" deals... Add your own - there's plenty wrong going on. Thanks ! .http://capwiz.com/affil/callalert/index.tt?action=results&ca_type=callalert&alertid=14700841&content_dir=&external_id=&alert_active_taf=1

Anonymous: (April 19, 2010 8:43am)

We need a "perp walk" for the top 100 executives in each corporation that went broke, got bought out, or got tarp money. Come to think of it, we also need a perp walk for the politicians that voted for tarp and the other bail outs and stimulus fraud.

check it out: (April 19, 2010 8:43am)

Scary stat i just read..the US only brings in $900 billion in federal tax income...interest owed on current US debt..$1 trillion...heading towards complete disaster

5pence: (April 19, 2010 8:40am)

moondancermom - civil suits open up criminal suits. Germany and France and Greece are looking into criminal suits and it's up to our nemesis Cuomo if there will be criminal charges filed here. Election year? Any bets?

5pence: (April 19, 2010 8:36am)

Oh boy, the talking heads on CNBC were just saying that the Goldman investigation is too late LOL! The wheels of just turn slowly but they grind exceedingly fine. I'm just hoping the American people want justice more than the next buck or else justice will be bought and we'll be sold down the river to 3rd world status. Too much blood has been shed over the ages for the freedoms we've enjoyed to allow that to happen imho.

moondancermom: (April 19, 2010 8:29am)

Sorry, but being charged with CIVIL fraud is nothing but a slap on the hand compared to what they truly deserve to be charged with such as CRIMINAL fraud and TREASON, among other charges. They are just appeasing the extremely loud calls for action against Goldman by the very angry people...NOT enough!!

I LOVE OBAMA: (April 19, 2010 8:28am)

Frank & Brian, Joecolorado just got his feelings hurt. He feels Obama is a rock star. He also voted for all of the NUTS in Washington. Try not to be so anyi Obama just for him.

Goldman dudes : (April 19, 2010 8:25am)

There needs to be some damn good investigative journalism done here to pop all these Goldman dudes and their revolving door with the govt and sec and treasury...put them all in display in front of the world. Who benefits with an equities market in free-fall panic. Thus far it has been the US government. The flight from equities to US treasuries drives up bond cost (or drives down the yields) at auctions. The 4% tipping point on the 10 year seesm to have been averted and I’m sure next weeks short term auctions will deliver lower yields. Got to keep those mortgage rates below 5%. Plenty of demand for US debt when you scare the public out of the equities markets. Does anyone at this point think that this administration is not manipulating the markets to sell US debt at a discount? It’s just another way to take your money, socked away in your 401K as US Bonds. Feel like you are being suckered yet?

evergreenappraisers: (April 19, 2010 8:24am)

5Pence, If Dodd was on saying that unequivocally there will be another meltdown, then you must look at what he has to gain by selling you that line. He's part of the whole dirty bunch.

Loan Gunman on the Grassy Knoll: (April 19, 2010 8:21am)

I think companies like Golman and AIG need some cleaning out. Their practices are the downfall of the secondary market and the complete crumbling of 3rd party confidence in the financial markets. You can sell a turd as long as you call it a turd and price it as a turd. When you put some pepper on it and call it Filet is when you run into problems. All of the blame that has been placed upon Mortgage Brokers really stems from the fact that they were packaging up turds for sale based off of the guidlines from the Lenders and then Goldman and AIG slapped a Grade A Filet sticker on it and sold it on the secondary market. That constitutes fraud to the tune of a couple of trillion dollars. As a result we now have HVCC and the new GFE and all the other fun requirments to "protect" the borrower from malicious Brokers when what stopped the machine was consumer confidence in the secondary market. The economy has to have fuel to operate and cash is gas; no cash, no gas, economy stops moving

Joecolorado: (April 19, 2010 8:20am)

yes you are correct,lets just ignore that and worry about the billions already spent by both administrations,VAT is small potatoes....unfortunately they are the peoples potatoes,lets cross that bridge when it is already built.

GODLIKE: (April 19, 2010 8:15am)

To heck with worrying about the VAT, just worry about trying to pay for the trillion dollar bills this admin has run up so far. And that's not even counting the healthcare debacle.

Joecolorado: (April 19, 2010 8:04am)

If you think we are taxed now,just wait until the Value Added Tax is implemented.Talk about taxing the less than rich,it will escalate to the extent that we will be getting moe shafted by the govt.Look at Europe and particularly Britain,the VAT was implemented(temporarily)@2% in 1971(?)& increased gradually until its now 17.5%!!!!.The 13 Kings authors are correct,they seem to know what they are doing,but I wonder why they dont get heeded by the muckymucks....Oh I forgot,there is no money in it for the muckymucks if the suggestions by them are followed.

5pence: (April 19, 2010 7:59am)

Dodd was just on talking about the Consumer Protection Agency and almost the first words out of his mouth were "There will be another financial crisis". Even he knows that bill is total BS. What he's supposed to say is that there will never be another meltdown and bailout! Crooks - all of them. This bill was conceived by our representatives but crafted by the banks.

5pence: (April 19, 2010 7:55am)

Right on Sergei. We're not capitalist anymore as capitalism needs production & we don't produce enough to cover our expenses-we borrow. Banks and government now make money off recycled debt or they just create it out of thin air-thanks to the Fed that got rid of gold & silver as currency so that the reserve note would be all that people can use and by inflating & deflating the money supply, they can enrich themselves and bankrupt nations. How better to enrich yourself than controlling the money supply. Fed Reserve was enacted in 1913-same year for the Fed Income Tax. My guess is so the Fed could be sure the US would be liquid enough to pay for their "help". $1 is now worth .04. Anybody notice inflation at the store? Government says it's almost non-existant, another lie when a can of peas is $2. The Fed is saying inflation isn't here yet-really? Inflation is the hidden tax. In 2025 the interest owned on the debt will be more than this country produces. We are Greece on a larger scale

ALL CAPS: (April 19, 2010 7:46am)

HENRY PAULSON.....TIM GIETNER.....BOTH FROM GOLDMAN SACHS.....LIKE THE FOX GUARDING THE HEN HOUSE.

K-dub: (April 19, 2010 7:43am)

There's a good article on Golman Sachs and it's relationship with Bush and Obama administrations explaining why nothing much is going to happen to them http://www.wnd.com/index.php?fa=PAGE.view&pageId=142301.

SouthlandAppraisersUnion.com: (April 19, 2010 7:38am)

Good Morning Gentlemen, I noticed the end you said if we like the show we could put it on facebook, tweeter or send to however we wanted. Well I have a link on the main page of SouthlandAppraisersunion.com dO YOU WANT ME TO REMOVE IT??

SergeiSanchez: (April 19, 2010 7:37am)

-5Pence-thanks for the reading suggestion. Here's another one for you: AFTERSHOCK by the Wiedemer brothers. It's especially worth the read because their precursor book written BEFORE the meltdown was like having a crystal ball. Think about this all you folks in 'Originator-Land' - every day that you're open, anyone tied to the big banking system is subsidized to operate and compete against you on a day to day operating basis - AND they'll eventually buy the paper you originate. Heads they win...Tails You lose. Free Your Mind, Neo!

SergeiSanchez: (April 19, 2010 7:30am)

For every 1000 people that hack away at the limbs of the tree of evil, only one hacks at the root. One of the prime drivers of this whole debacle is the very BANKING CARTEL called THE FEDERAL RESERVE. Our country went against the grain of leaders like Abe Lincoln, Thomas Jefferson & Andrew Jackson and allowed the banking system and DEBT BASED money system to thrive. They simply serve at their own pleasure and garner the wealth of all who borrow. They're criminals operating in our midst. Every time you write a conventional or government mortgage, you support them. You are a slave to the system.

5pence: (April 19, 2010 7:20am)

BTW, I was watching the testimony of Mr (We're doing Gods work) Blankfein in front of the Financial Crisis Inquiry Commission where he said that they were shorting the CDO's they were creating. I'm suprised it took this long to bring charges! But sure as hell glad the SEC is finally doing something. The big banks knew that nothing goes up forever & they were all shorting these CDO's while they were proclaiming to the masses the big lie that home prices will never go down! & they paid off the ratings agencies so that junk appeared as AAA & all doubts were erased. Total scam and we bailed them out. Ponzi scheme & we're the suckers. Fix it now or wait till the next meltdown for real reform. It won't be far off. The authors of "13 Kings", a book about the banks, said have the banks break themselves up into $100 billion thrifts, hedge funds, etc and that makes sense. Banks were never supposed to grow as big as they are. JPM worth is at $2 trillion & the rest are in the trillions. Dangerous.

evergreenappraisers: (April 19, 2010 7:16am)

REORealtor, I read the Rolling Stone article. I agree, GS is satan incarnate, but I'm also of the opinion that Obama and his administration are far too friendly with GS to ever prosecute these bastages the way they need to be. It would be nice if the midterms rolled in such a way that the newly elected would be true blue Americans and prosecute the snot out of them. If it's attempted prior, we'll never get a real trial and it will be a smoke and mirrors op. IJS

5pence: (April 19, 2010 7:07am)

Recovery at and and all costs, including overlooking criminal activity at the biggest banks, is counter productive to growth of a sustainable system. Government should stop dragging out the pain by spending our, our kids and their kids money propping up the status quo that brought us this meltdown. We need to declare war on these financial terrorists and bring them all to justice so that a real recovery in line with the morals and spirit of the constitution and government of, by, and for the people is restored. This country is being held hostage by these financial terrorists and the ransom is all the wealth & abundance of this country. Banks control our government -it's so obvious in the consumer protection bill that's really a bank protection bill & institutes too big to fail. Banks are able to do all kinds of dirty deeds and get away with them because they're so big that any CEO can deny knowledge of impropriety. Break them up so that criminal activity can be tracked & justice meted.

Ca Consumer: (April 19, 2010 7:06am)

I believe caning should be brought back along with tar a feathering for the accused. just my thoughts on Goldman.

RobP: (April 19, 2010 7:05am)

I like the shorter haircut- need to get one myself

MSM: (April 19, 2010 7:00am)

Are you really promoting "TOO BIG TO FAIL"? These jerks (G/S) deserve to burn..... we''ll recover believe me.

REOREaltor1: (April 19, 2010 6:57am)

oYu do not have to go to Greece to see the damage that Goldman Sachs has done. Check out what happened in Jefferson County Alabama. Except they weren't involved yet they walked away with three million dollars and never did anything! How? The profits were so huge on the bank schemes for rates swaps on the state of the art sewage system that Jefferson County was building that JP MORGAN GAVE GOLDMAN SACHS $3,000,000 JUST TO BACK OFF OF THE DEAL!!! They were also caught paying out $7,000,000 in bribes to officials in the County. Some people went to jail, JP got a slap on the wrist and a fine that was a spit in the bucket compared to their profits and the good citizens of Jefferson County got stuck with triple the water bills for perpetuity. Oh yeah, a few schools got shut down and government offices could no longer operate and a few commoners got laid off, but, hey, it's all in a day for the banksters. A good accounting is in April Rolling Stone if you need to have nightmares.

evergreenappraisers: (April 19, 2010 6:48am)

Alright, I'm flippin and I'm floppin. F & B, you're correct. It is grandstanding for the upcoming midterms. Obama and his team will never, never prosecute GS in the manner that needs to be done. Someone is taking one for the team here. It's a dog and pony show.

Franks Uncle: (April 19, 2010 6:40am)

Frank... Nice passion! I am proud of you today!

Franks Uncle: (April 19, 2010 6:40am)

Brian is like Elvis... I'd like to vote & see if viewers prefer the fat, bloated, hairy Brian... or the youthful, militia cropped hair Brian...

evergreenappraisers: (April 19, 2010 6:05am)

Big or not, wrong can't be rewarded. GS can be traced to some of the most damaging, and boldest illegal behavior and can't be allowed a pass. Sorry. Get past this 'too big to fail' mentality. GS can be traced to most bubble activity for the last 140 years. Kill the beast!!

pedsman: (April 19, 2010 5:30am)

As Mr. Wells notes below... you have to read The Big Short by Michael Lewis. Just hit the top of the best selling list. The book tells you who knew, who didn't, who profited and a whole lot more. It's a great read and really scary.

DavidWelles: (April 19, 2010 4:51am)

Brian and Frank. Listen to this Radio Interview. This way you know how it all started. http://www.truthinequity.com/Videos/VideoPlayer/TabId/68/VideoId/41/The-Big-Short-Radio-Show.aspx Cut and paste the link.

Old Timer: (April 19, 2010 4:27am)

Yes Brian your haircut made you drop pounds! Love it!

Coach Collard: (April 19, 2010 3:52am)

Love the Jeff Spicoli reference in the video. Glad to see Frank get amped up and shout like that.

PA Appraiser: (April 19, 2010 2:41am)

Hey Brian, nice haircut. Glad Mr. Dixon (or whatever his name was) got to you. Dude.