Forum Post: BOMSHELL: Ex-Goldman Director Will Turn Himself In To FBI, To Face Criminal Charges
Posted 13 years ago on Oct. 25, 2011, 10:13 p.m. EST by MonetizingDiscontent
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BOMSHELL: Ex-Goldman Director Will Turn Himself In To FBI, To Face Criminal Charges
http://www.zerohedge.com/news/ex-goldman-director-will-turn-himself-fbi-face-criminal-charges
Is it safe to say that the Goldman love affair with the government is officially over? From Reuters: "Former Goldman Sachs director Rajat Gupta will surrender to the FBI on Wednesday to face criminal charges, a person familiar with the investigation said. http://www.reuters.com/article/2011/10/26/us-gupta-charges-idUSTRE79P06520111026 ...Gupta was named as an unindicted co-conspirator in hedge fund founder Raj Rajaratnam's trial earlier this year. He has denied wrongdoing. Rajaratnam was sentenced to 11-years in prison this month. Gupta's attorney, Gary Naftalis, did not immediately respond to a call seeking comment." Perhaps it is also safe to say that the war between Obama and Wall Street is now official. Of course, we give Obama about 24 hours before the economy tanks, the stock market implodes, the great unwashed see their meager 201k's converted into 100.5k's, and decide to #OccupyTheWhiteHouse. In other words, our money is not on the administration on this one. In fact, when the smoke settles, we expect a few extra tentacles from 200 West to penetrate even deeper into the three farcical branches of government of this once non-banana republic.
This only happened because of OWS! We did it!
Mario Draghi [became] vice chairman and managing director of Goldman Sachs International and a member of the firm-wide management committee (2002–2005). MEP asserted Draghi was involved in swaps for European governments, namely Greece, trying to disguise their countries' economic status. Draghi, who now heads the European Central Bank responded that the deals were "undertaken before my joining Goldman Sachs and I had nothing to do with" them, in the 2011 European Parliament nomination hearings.
While it is not disputed that the deal was initiated before he joined the company, should he have had any supervisory role over the team that arranged it, it would have been expected that he rectify the wrongdoing, starting by disclosing it to the public. Not only that, but the maturity of the deal was extended in 2005, before he took up a new appointment at Bank of Italy, which was not given due attention. During the hearing, this career public servant provided an interesting explanation supporting his claim that he had no connection to the deal and its follow up : out of personal preference, he did not interact with the public sector. This is contradicted by an official statement from his employer. Oddly, a request by a renowned news agency to have access to some relevant documents were blocked by the ECB shorty before the scheduled hearing.
http://equalbeforethelaw.blogspot.com/2011/10/revisiting-case-of-mario-draghi-ecb-and.html
Director of what? Probably a minor player.
We all know that Obama is Goldman Sachs' bitch, and that isn't going to change - though appearances of something being done about the criminal banksters will certainly be made.
Former Goldman Sachs director and former head of McKinsey & Co.