Goldman Sachs Says Its Dark Pools Are Under Investigation – Along with About Everything Else the Firm Does

Via Wall Street On Parade

We’ve been reading SEC filings for more than 35 years. We have to sadly say that the 10-Q that Goldman Sachs filed with the SEC on May 2, for the quarter ending March 31, 2022, shocks even our well-documented assessment of Wall Street as a crime syndicate. Goldman Sachs has listed pretty much everything the firm does as a target of an ongoing investigation, notwithstanding that the company and a subsidiary were criminally charged by the U.S. Department of Justice in the looting and bribery scandal known as 1MDB in October 2020, admitted to the charges, and had to pay over $2.9 billion. The good news is that Goldman Sachs’ Dark Pools are one of the areas it lists as being under a probe.

Dark Pools (also benignly called Alternative Trading Systems or ATS) are effectively unregulated stock exchanges being run by the same megabanks on Wall Street that blew up the U.S. financial system in 2008 and received the largest taxpayer bailout in U.S. history. The radical right in the U.S. Congress apparently believes that unbridled greed and outrageously reckless conduct that craters America’s economy deserves to be rewarded with less regulatory oversight, thus Dark Pools have not been shut down.

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THE ONLY THING SYSTEMATIC IS THE DESTRUCTION OF AMERICA – PART 2

In Part 1 of this article I detailed the purposeful systematic destruction of global economies, with a bad flu as the catalyst, as part of a plan by the Davos elite to reconstruct the world in a manner most beneficial to these evil men and detrimental to you and me. The fight remains to be fought. Orwell’s worst fears are coming to fruition.

The masking of the masses has been, and continues to be, about despotic politicians and arrogant bureaucrats demanding obedience as a mechanism to judge their ability to shame the masses into submission. It has nothing to do with health or protecting others. The health “experts” like Fauci, the Surgeon General and CDC director actually told the truth back in March when they told everyone masks didn’t protect you from viruses. When the powers that be decided this flu needed to be hyped and blown out of all proportion, mask wearing was used as the symbol of fear necessary to panic the public into submission.

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WHAT KEEPS THEM UP AT NIGHT

“Government has coddled, accepted, and ignored white collar crime for too long. It is time the nation woke up and realized that it’s not the armed robbers or drug dealers who cause the most economic harm, it’s the white collar criminals living in the most expensive homes who have the most impressive resumes who harm us the most. They steal our pensions, bankrupt our companies, and destroy thousands of jobs, ruining countless lives.” – Harry Markopolos, Madoff Whistleblower

Image result for bank ceos in front of congress

The tenth anniversary of the Wall Street created financial catastrophe brought back some bittersweet memories this week. I wrote my first articles during the summer/fall of 2008 for Seeking Alpha. They included: Is The U.S Banking System Safe? (Aug 2008), The Great Consumer Crash of 2009 (Aug 2008), Looming Financial Catastrophe: A Real Inconvenient Truth (Aug 2008), Is Wachovia the Worst Run Bank in America (Sept 2008), The U.S. on the Precipice (Sept 2008), On Board the U.S.S. Titanic (Sept 2008), Our Coming Depression (Oct 2008), among others. I was pumping out 5,000 word articles every 2 or 3 days.

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Taleb: “Best Thing For Society Is Bankruptcy Of Goldman Sachs”

Authored by George Eaton via NewStatesman.com,

In Taleb’s universe, the fieriest circle of hell is reserved for bankers and neoconservatives.

https://www.zerohedge.com/sites/default/files/inline-images/2018_10_taleb_obs_0.jpg?itok=xDYhwUEH

Nassim Nicholas Taleb is an intellectual brawler, a philosophical pugilist. His new book, Skin in the Game, put me in mind of the final scene of The Godfather or Reservoir Dogs: everybody gets whacked. Bankers and bureaucrats, warmongers and wonks – all are targeted by Taleb.

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The “Trump Revolution” is not about Trump Himself

Guest Post by Martin Armstrong

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Do not confuse the “Trump Revolution” with Trump himself. The people are sick and tired of the same old nonsense. Trump just so happened to be there at the right time. This is a revolution of the people — not Trump! I have stated many times that if Trump did anything out of line or unconstitutional, I would call him out in a second. Trump did something really amazing that I would have thought was impossible. He effectively ran as a third party candidate from within the Republican Party. He altered the party and they still do not respect that. My inside sources say the Republicans think they just have to train him. They are not looking at why he won any more than the Democrats are.

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Is Trump Draining the Swamp or Filling It?

Guest Post by Martin Armstrong

trump-cohenTrump has broken his word and is by no means draining the swamp — he is filling it. He has really betrayed a lot of people by his nomination of Gary D. Cohn as Director of the National Economic Council, which is a policy-making position for domestic and international economic issues.

The one legal firm in New York that defends the bankers is Sullivan & Cromwell. Trump has named a lawyer from that firm, Jay Clayton, to serve as Wall Street’s top cop as Chairman of the Securities and Exchange Commission. There is absolutely no possible way Clayton will call the bankers to account for anything. In fact, it would probably be a huge conflict of interest to bring charges against any bankers in New York when Sullivan & Cromwell will most likely represent them (including Goldman Sachs).

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GETTING IN BED WITH THE GOVERNMENT

The recent deal to keep Carrier jobs in the United States is not at all unusual. It only received so much press because Trump made it a campaign issue and saw an opportunity to record a big early PR victory before he even took office. Government and corporations cooperate, negotiate deals, scratch each others backs, kickback ill-gotten gains, and function as a career advancement funnel for corrupt politicians.

In reality, the intertwining of government and big business meets the definition of fascism. A centralized autocratic government that picks winners and losers, while suppressing un-favored companies or industries, meets the definition of fascism. Fascists let business remain in private hands, but use regulations, laws, tax benefits, and the distribution of goodies to control the economy. Big business serves politicians and government bureaucrats instead of their customers.

Our corporate fascist economic system benefits big businesses who have hundreds of lawyers, lobbyists, tax specialists, and accountants to comply with the tens of thousands of government regulations, indecipherable tax code, and ridiculous laws, while small businesses are driven into the ground. Small businesses have no political influence and no ability to influence the corrupt system. The big connected conglomerates receive the government subsidies, tax breaks, and preferential treatment. Corporate fascism at its finest.

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There Will Be Swamp – Steve Mnuchin Confirms Treasury Secretary Nod

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While I’m not a Dodd-Frank fan, it’s not because it was too harsh, but because it didn’t really do much of anything. It was the typical neoliberal bait and switch, designed to look tough for public consumption, while merely making tweaks around the edges of a financial system that requires systemic, paradigm level change.

Trump’s support of repealing Dodd-Frank tells you all you need to know. A Trump Presidency will see Wall Street felons who should be in prison, running as wild and free as ever.

He will be the same thing to distressed working class whites that Obama was to the black community. A fake messiah and a shyster.

– From May’s post: Donald Trump’s True Colors Emerge as He Snuggles up to Wall Street

The fact that Steve Mnuchin was a Goldman Sachs partner is the least of my concerns when it comes to the man. Indeed, if someone wanted to create a playing card deck of sleazy Wall Street financial crisis opportunists, it’d be hard not to include Steve Mnuchin.

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GREY CHAMPION ASSUMES COMMAND (PART ONE)

At each of these great gates of history, eighty to a hundred years apart, a similar generational drama unfolded. Four archetypes, aligned in the same order – elder Prophet, midlife Nomad, young adult Hero, child Artist – together produced the most enduring legends in our history. Each time the Grey Champion appeared marked the arrival of a moment of “darkness, and adversity, and peril,” the climax of the Fourth Turning of the saeculum.The Fourth Turning – Strauss & Howe

In September 2015 I wrote a five part article called Fourth Turning: Crisis of Trust. In Part 2 of that article I pondered who might emerge as the Grey Champion, leading the country during the second half of this Fourth Turning Crisis. I had the above pictures of Franklin, Lincoln, and FDR, along with a flaming question mark. The question has been answered. Donald J. Trump is the Grey Champion.

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A Real Life “House of Cards” – The Most Striking WikiLeaks Revelations From The “Podesta Files”

Tyler Durden's picture

They say that “life imitates art”…or is it the other way around…the lines are getting so blurred.  In any event, we thought we would take this opportunity to highlight some of the most startling discoveries we found so far in Doug Stamper’s…sorry, John Podesta’s emails.  You have to admit there are some similarities there and they even have the same position…hopefully the Clinton Foundation is receiving royalties from HBO…

Podesta

 

Yesterday we pointed out the many amazing one-liners offered up by Hillary as she was out collecting millions of dollars for her “Wall Street speeches.”  Here is an expanded sample:

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Goldman Sachs – Encouraging “Discussion”, Just Not About Trump

Guest Post by Duane Norman

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Unfortunately, we are living through a period where, in some places, our differences are driving divisiveness. Like everyone else, I watch the news, see the headlines and am impacted by the images of communities torn apart by violence and divided by distrust. The topic of race is on my mind, it’s a discussion I have with my family and friends and it’s something that I bring to work. Of course my experience, I know, is not unique. The pervasiveness of current events affects everyone at our firm from summer interns to senior leaders. I know this because at Goldman Sachs we’re starting to talk about it

Source:  Why Goldman Sachs is encouraging employees to talk about race at work  |  LinkedIn

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Leonardo DiCaprio to host $33,400-a-plate fundraiser for Hillary Clinton in Los Angeles

She will surely be a president of the people. She really cares about you peasants as she siphons up $300,000 for an hour speech at The Vampire Squid on the Face of America (aka Goldman Sachs) and parties with the Hollywood elite for $33,400 per plate. What are they serving – glazed baby fetus from Planned Parenthood? Knowing Leo’s passion for the environment, I’m sure Clooney and the rest of the beautiful people will be arriving by horse and not stretch limos getting 3 mpg. This is the hand picked president of the establishment.

MarketWatch photo illustration/Getty Images, Shutterstock
Hollywood makin’ it rain!

The next time Hillary Clinton makes her way out to Los Angeles, Oscar winner Leonardo DiCaprio will reportedly open the doors to his home for flush supporters willing to fork over $33,400 for a ticket.

The event, dubbed “Conversations with Hillary,” is slated for Aug. 23, according to sources cited by Variety. The first $2,700 will go directly to the Clinton campaign, with the rest — as per the rules — collected for the broader Democratic Party.

DiCaprio surely won’t be the only show biz luminary on hand. Jennifer Lopez, Harvey Weinstein and Tobey Maguire were also mentioned among those that could be in attendance.

This, of course, won’t be the first time Hollywood elites make it rain for Clinton. Earlier this year, tickets for two seats at the table with the Clooneys and Hillary went for about $353,000 — even George had to admit it was an “obscene” amount of money.

A day before the DiCaprio event, Clinton will already have gotten a big Tinseltown boost to her war chest. Power Rangers billionaire Haim Saban is hosting an event at his Beverly Hills home on August 22 — the 14th Hollywood fundraiser since she announced her bid for the White House last year, according to Deadline. Heavy hitters like Disney DIS, +0.22%  boss Bob Iger and DreamWorks DWA, +0.00%  CEO Jeff Katzenberg are expected to attend.


Michael Bloomberg Calls Trump a “Dangerous Demagogue”

Guest Post by Martin Armstrong

Hillary Goldman Sachs Ground Breaking

Hillary Clinton & Michael Bloomberg at the Goldman Sachs new building construction

Former Mayor of New York City Michael Bloomberg had the audacity to deliver a speech at the Democratic Convention saying, “There are times when I disagree with Hillary Clinton. But let me tell you, whatever our disagreements may be, I’ve come here to say: We must put them aside for the good of our country. And we must unite around the candidate who can defeat a dangerous demagogue.” Bloomberg began at Salomon Brothers, the notorious firm that was shut down for manipulating the US government bond auctions. It was Bloomberg who defended Wall Street against the protest “Occupy Wall Street” and arrested people for exercising their First Amendment Rights.

Bloomberg Politics’ Washington News director Kathy Kiely resigned because Michael Bloomberg will not allow freedom of the press. She said when she resigned in January 2016, “I think that Michael Bloomberg has built a terrific news organization but that he needs to liberate it to cover all the news, even the news about him.

In my own case, Bloomberg erased all the files on me, so if you put my name into their system the bulk of everything is gone. We even used to publish on Bloomberg. That’s gone. Bloomberg denied there were any stories they published on TV. The movie producer found it elsewhere and had to go to Bloomberg News to say he found what Bloomberg said did not exist. So Bloomberg is not exactly a fair or unbiased organization. They would NEVER publish my allegations against the bank. I believe it was always a one-sided reporting affair to protect the government and the banks.

The question this invokes: Is Michael Bloomberg the dangerous demagogue? Will the real dangerous demagogue please stand up!