RAMPANT INSIDER
SELLING
REPLACES
INSIDER BUYING
IN STOCK OF GOLDMAN SACHS
by William Schmidt, Ph.D.
In September 2008, the NY Fed Chairman, Tim Geithner
gave
Goldman Sachs $13 Billion of Your Money and then, worse, tried hard
to cover it up. Unlike with General Motors creditors, when it went bankrupt,
AIG's creditors, all big banks, were paid 100 cents on the Dollar,
on Geithner's and/or Fed Chairman Bernanke's instructions, on their
massive AIG debts. Fully knowing this was wrong, one of them
instructed AIG NOT to tell the public what he had arranged. Clearly,
Geithner did not want the taxpayer payment to Goldman of such
a large amount to come out at his nomination hearings as Treasury Secretary.
Now old emails clearly show Geithner's NY Fed tried to prevent
AIG from telling anyone where $60 billion of taxpayer money was going
in these "counter-party" payments, where AIG was merely a vessel through
which the taxpayers gave vast sums to big banks, domestic and foreign.
Geithner claims no knowledge of this. Sure?! Bernanke claims no
knowledge, too. How can anyone believe these FED leaders. They
represent the interests of bankers, who pick all the members of the Fed
except the Chairman. The FED is a private institution with immense powers.
But it fights to not disclose who got what, when and why or what they did
with the all the bailout money.
FInally,
a day before Bernanke's confirmation vote, Geithner has
been subpoenaed by Congress to explain why he should not now be charged
with criminal corruption, securities fraud, perjury and obstruction of justice.
He testifies this Wednesday, the 27th. Stay tuned!
The stock of the chief beneficary of Geithner's generosity with your money,
Goldman Sachs, looks very vulnerable, viewing all their insiders' selling of
GS stock. The rats are leaving a sinking ship.
TigerSoft got
the whole story right nearly a year ago. Backed by Obama,
Geithner,
Summers and Bernanke, and by fixing stock price movements
and greedily front-running their own customers with a bankroll of $25 Billion
provided by taxpayers, Goldman Sachs made many tens of billions in profits
in last year's bull market, even after paying each employee an average bonus
of more than $600,000. Small wonder Goldman's stock doubled in 2009.
Without waiting to see the evidence,
Obama said again today he fully
supports Treasury Secretary Geithner. Has Obama again sold out his
progressive and populist supporters? Is he all rhetoric and no backbone.
Is he so dumb that he thinks he can still fool us? Study the details.
It is hard not to reach the conclusion, "You Betcha!" The rush to confirm
Bernanke before all the information is about about the $60 Billion gifts
to big banks and the ensuing coverup shows how thoroughly corrupt
Washington has become. But the truth will out! And we will report it!
Why Insiders Expected Goldman
To Double in 2009
.
Goldman Sachs Chart - 2008-2009 - Paulsen and
the US Taxpayers saved GS from bankruptcy.
The bankrupting of their main
competitors, the $10 Billion Bailout from Paulsen and the $13 Billion
AIG "counter-party" gift from Geithner in November 2008, allowed them to make
more than $25
billion in profits, $6 billion in the last quarter, while still paying almost as much in
bonuses.
Most of their profits were short-term trading profits, which they achieved by manipulating
markets, by front-running their own clients and by being the ultimate insiders because of
all the well-placed Goldman people in government. Examples: Geithner's chief of
staff was
Goldman's chief lobbyist. The chief government commodity regulator came from
Goldman.
Obama's Chief Economic Advisor took tens of thousands of dollars from Goldman right
in the middle of Obama's campaign. Geithner's successor as head of the NY Fed was
also a
Goldman "greeder". And let's not forget GS's hefty sway over the corporate
media, especially
the stock market channel. CNBC. Why Insiders Expected Goldman To Drop in 2010
Now Goldman's stock now looks very vulnerable technically. It should be!
Goldman insiders are selling, not buying, now. A lot of bad news is coming
out. It may well be charged with massive fraud and frequent insider trading/
Goldman's well-placed friends may be run out of office. An angry populist
mob of millions of outsiders want redress NOW. It has taken nearly a year
for this story of fraud and corruption on a gargantuan scale to unfold. But it
will. Paulsen, Geithner and Goldman Sachs make Madoff and the Mafiosa
look like rank amateurs. See the details:
.
April 9, 2009 Goldman Sachs Is
"The GREED CONNECTION" between Wall Street and Washington
GS Stock Keeps
Rising: What's The Lesson?: When You've Got The
President As A Tool.
Goldman Sachs Insider Purchases
- Last 6 Months, 1/25/2010
Purchases ZERO
Goldman Insider Sales 338,989
shares
Institutional Net Sales 16,584,200 shares
( http://finance.yahoo.com/q/it?s=GS )
Our TigerSoft chart shows this heavy
insider selling and public buying.
See the TigerSoft chart below.
Goldman Sachs Chart - 2009-20010-
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Tags: aig,
goldman sachs, credit default swaps, aig bailout, aig bonuses, finance, economy,
actuaries, economic crisis, politics, bear sterns, lehmans
Geithner,
Paulsen, Counter-Party, insider trading |
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