Ellen Brown oferă pe site-ul Global Research o explicaţie alternativă pentru decizia lui Obama de a sprijini cu jumătate de gură reforma bancară în S.U.A.:
Today the battling banking titans are JPMorgan Chase and Goldman Sachs, an investment bank that gained notoriety for its speculative practices in the 1920s. [...] Former Treasury Secretaries Henry Paulson, Robert Rubin, and Larry Summers all came from Goldman, and current Treasury Secretary Timothy Geithner rose through the ranks of government as a Summers/Rubin protégé. One commentator called the U.S. Treasury “Goldman Sachs South.”
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But Goldman Sachs has been caught in this blatant market manipulation so often that the JPMorgan faction of the banking empire has finally had enough.
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Goldman’s crimes, says Chapman, were that it “got caught stealing. First in naked shorts, then front-running the market, both of which they are still doing, as the SEC looks the other way, and then selling MBS-CDOs to their best clients and simultaneously shorting them.”
Volcker’s proposal would rein in these abuses, either by ending the risky “proprietary trading” (trading for their own accounts) engaged in by the too-big-to-fail banks, or by forcing them to downsize by selling off those portions of their businesses engaging in it. Until recently, President Obama has declined to support Volcker’s plan, but on January 21 he finally endorsed it.
The immediate reaction of the market was to drop – and drop, day after day. At least, that appeared to be the reaction of “the market.” Financial analyst Max Keiser suggests a more sinister possibility. Goldman, which has the power to manipulate markets with its high-speed program trades, may be engaging in a Mexican standoff. The veiled threat is, “Back off on the banking reforms, or stand by and watch us continue to crash your markets.”
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Sursa:
Global Research, The Battle of the Titans: JP Morgan Versus Goldman Sachs
Scena crimei
Rolling Stone a publicat în data de 14 octombrie un alt articol interesant pe tema colapsului pieţei financiare din S.U.A., acesta fiind al treilea reluat de către mine pe acest blog. Articolul este lung, dar merită citit pentru că descrie o adevărată fiesta de corupţie şi lăcomie la care se adaugă răfuieli personale între marile bănci de pe Wall Street şi care a culminat cu distrugerea deliberată a trei dintre ele.
Ceea ce iese la suprafaţă în acest articol, ca şi în articolele precedente, este modul în care goana după bani a marilor companii de pe Wall Street le-a făcut să transforme sistemul de tranzacţionare a instrumentelor într-o junglă pe scară largă, în care doar peştii mari se pot simţi în siguranţă pentru că foştii lor directori, ajunşi în ierarhia Federal Reserve, îi apără de alţi peşti şi de efectele propriilor lor infracţiuni. Ca de obicei, the Securities and Exchange Commission şi the Federal Reserve joacă rolul poliţistului care vine la locul crimei doar ca să bage cadavrul într-un sac şi să observe într-o doară ce de probe există la îndemână.