Forum Post: Chris Hedges Arrested in Front of Goldman Sachs
Posted 12 years ago on Nov. 7, 2011, 7:18 a.m. EST by MonetizingDiscontent
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Chris Hedges Arrested in Front of Goldman Sachs
"TruthDig" Posted on Nov 3, 2011
http://www.truthdig.com/report/item/chris_hedges_arrested_in_front_of_goldman_sachs_20111103/
(Truthdig) "Chris Hedges made this statement in New York City’s Zuccotti Park on Thursday morning during the People’s Hearing on Goldman Sachs, which he chaired with Dr. Cornel West. The activist and Truthdig columnist then joined a march of several hundred protesters to the nearby corporate headquarters of Goldman Sachs, where he was arrested with 16 others."
Chris Hedges Arrested in Front of Goldman Sachs
http://www.informationclearinghouse.info/article29610.htm
-By ChrisHedges- (InformationClearingHouse) -- Goldman Sachs, which received more subsidies and bailout-related funds than any other investment bank because the Federal Reserve permitted it to become a bank holding company under its “emergency situation,” has used billions in taxpayer money to enrich itself and reward its top executives. It handed its senior employees a staggering $18 billion in 2009, $16 billion in 2010 and $10 billion in 2011 in mega-bonuses. This massive transfer of wealth upwards by the Bush and Obama administrations, now estimated at $13 trillion to $14 trillion, went into the pockets of those who carried out fraud and criminal activity rather than the victims who lost their jobs, their savings and often their homes.
Goldman Sachs’ commodities index is the most heavily traded in the world. Goldman Sachs hoards rice, wheat, corn, sugar and livestock and jacks up commodity prices around the globe so that poor families can no longer afford basic staples and literally starve. Goldman Sachs is able to carry out its malfeasance at home and in global markets because it has former officials filtered throughout the government and lavishly funds compliant politicians—including Barack Obama, who received $1 million from employees at Goldman Sachs in 2008 when he ran for president. These politicians, in return, permit Goldman Sachs to ignore security laws that under a functioning judiciary system would see the firm indicted for felony fraud. Or, as in the case of Bill Clinton, these politicians pass laws such as the 2000 Commodity Futures Modernization Act that effectively removed all oversight and outside control over the speculation in commodities, one of the major reasons food prices have soared.
In 2008 and again in 2010 prices for crops such as rice, wheat and corn doubled and even tripled, making life precarious for hundreds of millions of people. And it was all done so a few corporate oligarchs, the 1 percent, could make personal fortunes in the tens and hundreds of millions of dollars. Despite a damning 650-page Senate subcommittee investigation report, no individual at Goldman Sachs has been indicted, although the report accuses Goldman of defrauding its clients.
(Video) Chris Hedges And Others Arrested In Front of Goldman Sachs
http://www.youtube.com/watch?v=3lNuTOM0blU&feature=player_embedded
Great statement. I have always said that my deepest disappointment with Obama is his banking ties and how his actions clearly indicate an alliance with the investment crowd. Sadly for us, he is such a part of the system that needs to change.
Corzine/MF Global ripped off customer funds. II
read more -- http://overthecoals.blogspot.com/
CNBC broadcasters reported that the CME Group is searching for $600,000,000 that vanished from customer segregated accounts that no one except Corzine had the power to rip off unless Corzine specifically involved other people. CNBC broadcasters actually believe that the $600,000,000 might be hiding someplace and might magically reappear from its hiding place. Also CNBC reported that the Obama appointed commissioner of the CFTC, Gary Gensler recused himself (after he spoke with Corzine) from his own job.
This will be the same as the NYC Judge and DA who protected Strauss-Kahn from a trial for raping the black hotel maid. They are going to protect ex NJ governor, ex US Senator, ex Goldman Sachs colleague Corzine from being arrested for his crime. If OWS sitting in the park near Wall Street (as if being blocks away from Wall Street gives them some knowledge) had any idea of why they are protesting, they would be screaming about the Corzine $600,000,000 crime and his privileged status by the FBI.
America has become a nation of dolts in a trance. The most powerful American leaders and their shills reporting on TV are ignorant crooks. Go back and read prior SCREWED AGAIN reporting about the CFTC and CME Group as it concerns the PIMCO fraud. The OWS protest actually believe that sitting and freezing on the ground in the park will magically force a happy ending for the misery of 50,000,000 Americans whose work is now being done by Chinese slaves. The 50,000,000 Americans have been told by the privileged to go back to school and learn a new occupation so they can return to the middle class life they had enjoyed.
Hi Steve, nice link thank you for it. When all is said and done we may find out its even worse than what they are admitting to already. Good to meet you.
MF Global Client Theft Estimate Doubled To $1.5 Billion?
http://www.zerohedge.com/news/mf-global-client-theft-estimate-doubled-15-billion
Even as we hear rumblings that the MF fire is spreading, and the associated auditor of the now infamous former Primary Dealer is about to get in serious hot water, the bankrupt company itself continues to dig itself an ever deeper grave. Because according to a just filed motion by the MF Global liquidating trustee, it seems that the gross criminal activity by the company may have been orders of magnitude bigger than anyone has expected.
To wit: "As a result of the apparent segregation violations and the suspension of clearing privileges, more than 150,000 customer accounts essentially were frozen on October 31, 2011, of which more than 50,000 accounts were regulated commodities customer accounts.
The CME estimates that MFGI’s current segregated funds requirement is approximately $5.45 billion. Moreover, the total amount of MFGI customer segregated funds on deposit at the CME is approximately $2.5 billion, and the clearing-level segregated collateral is approximately $1.5 billion or approximately 60 percent of the MFGI customer segregated funds on deposit at the CME."
Doing some quick inverse addition and we get a (w)hole of $5.45 less $2.5 less $1.5 or $1.45 billion. In other words, the theft by MF Global was not stealing hunderds of millions form its customers: it has stolen a whopping $1.5 billion!
For those confused, this is not a rogue loss of $1.5 billion, something which was enough to send UBS' Kweku to prison. This is outright theft resulting from illegally commingled accounts. Our only question is will $1.5 billion in theft be enough for the first real perp walk of an Obama-friendly Wall Street executive?
And here is Reuters with a revised lowball. Remember this number was supposed to be zero earlier today...
(Reuters) "MF Global had a $633 million shortfall in its customer segregated funds as of Nov. 1, according to an estimate the CME Group provided to the U.S. futures regulator."
Continue Reading at:
http://www.zerohedge.com/news/mf-global-client-theft-estimate-doubled-15-billion
...When all is said and done, the shortfall will be well over a billion.
Waiting is a mistake. It doesn't matter if the theft is $600,000,000 or $200,000,000 or any other number. I'm trying to help OWS WIN the protest now, not never.
I don't care about reading your link. Corzine ripped off the money and the government that is fucking all of us keeps protecting the privileged.
You OWS people have a natural nack for screwing up with ridiculous nonsense.
What are you mad ME for? you joined in a conversation, and shared an article with me, which I appreciated.
good grief... someone brings an update and LOOK OUT, people are lashing out at eachother and blaming one another, look friend, focus you're energy on the criminal that you're bitching about not me.
wow, somethings wrong when two people in AGREEMENT cant have a civil conversation. And here's a couple more links, maybe they'll help you focus all that energy of yours in a constructive direction.
Bill Black @ #occupywallstreet discussing Arresting Banksters
http://www.youtube.com/watch?v=4XJe7O-3QBc&feature=player_embedded
Former Financial Regulator William Black: Occupy Wall Street A Counter to White-Collar Fraud
http://www.youtube.com/watch?v=zq-sO_uNaFw
(DemocracyNow!) Amy Goodman interviews William Black, a white-collar criminologist, former financial regulator, and author of "The Best Way to Rob a Bank is to Own One." Black teaches economics and law at the University of Missouri-Kansas City and recently took part in Occupy Kansas City.
We won't be in agreement until you recognize your mistake. This case can't be more clear and simple. There is no doubt.
ok, ..well we'll wait and see what comes out in the wash. Be sure to remind me if I'm wrong about this. (I really mean that) I'll be the first to admit it, if I am wrong.
I still appreciate your link, by the way.
Corzine will be whitewashed. That's how it will come out. If they intended to do their job he'd have been arrested 7 days ago.
You don't understand the process. It took 5 years to arrest Enron. They finally caved. Why can't you see reality?
No your probably right, I might agree with that (I do so grudgingly because you are so abrasive)
SEC Opens Investigation Into MF Global Insider Trading, Ignores Glaring Evidence Of Client Capital Commingling
http://www.zerohedge.com/news/sec-opens-investigation-mf-global-insider-trading-ignores-glaring-evidence-client-capital-commi
All your troll shit is crap. That's what all you people say whenever someone disagrees with you.
Fighting OWS for the dumb shit adds to the fight against the criminals. OWS makes any thoughtful person become abrasive because there is no end in sight. I'd like to watch football and quit this screwed up OWS sit in the park whining. You people deserve to get screwed.
I'm mad because you are quibbling about a number. Is that simple? I can't think of any way to make it more simple.
The number is irrelevant. The precise amount doesn't change probable cause.
The Information was not intended to harm you in any way. I'm sorry if it did. That's what we were doing. Sharing Information, right? ...I was out of line obviously.
If numbers are irrelevant to your point, why make them a part of your discussion? I was only chiming in with an update, in agreement with you, and happy someone agreed with the content of the article above.
The numbers always grow, because they disguise and hide much of the debt. Its not my fault or your fault that they are constantly discovering new hidden debt (because of accounting tricks)
shrugs, I'm always having to correct the numbers I quote too, for the same reasons. (But I don't get mad at myself for it or think I'm any less of a person for it) They hide the debt, so they are always discovering more, that's all.
You can't harm me if you tried. My goal is to win a fight. I'm the guy who knows how to bust these bastards. I don't give a shit about bickering over meaningless crap that no one knows, like the $600,000,000.
You keep wasting time and worrying. An army needs a general ready for war.. I've been ready for war since 1987. Read my book. You will learn. That's why I wrote it.
The number chosen by the media is $600,000,000. I didn't choose the number. For our OWS purpose, that number is fine. It can't possibly be exactly $600,000,000. If its $432,456,678 -- so what?
"According to a just filed motion...
(The link to this motion in pdf form is available here if you care to look) http://www.zerohedge.com/news/mf-global-client-theft-estimate-doubled-15-billion
"...by the MF Global liquidating trustee, it seems that the gross criminal activity by the company may have been orders of magnitude bigger than anyone has expected. To wit: "As a result of the apparent segregation violations and the suspension of clearing privileges, more than 150,000 customer accounts essentially were frozen on October 31, 2011, of which more than 50,000 accounts were regulated commodities customer accounts. The CME estimates that MFGI’s current segregated funds requirement is approximately $5.45 billion. Moreover, the total amount of MFGI customer segregated funds on deposit at the CME is approximately $2.5 billion, and the clearing-level segregated collateral is approximately $1.5 billion or approximately 60 percent of the MFGI customer segregated funds on deposit at the CME." Doing some quick inverse addition and we get a (w)hole of $5.45 less $2.5 less $1.5 or $1.45 billion. In other words, the theft by MF Global was not stealing hunderds of millions form its customers: it has stolen a whopping $1.5 billion! For those confused, this is not a rogue loss of $1.5 billion, something which was enough to send UBS' Kweku to prison. This is outright theft resulting from illegally commingled accounts."
Why does information make you so angry at me? Its just info. Its nothing personal at all, I assure you.
The MF Global case is a tool for OWS. I don't give a shit if all those people starve.
Its another tool being ignored by uninformed OWS. iTS A WEAPON loaded with amo and you can't understand that strategy. It proves the FBI is protecting Corzine. Its exactly what OWS needs to use to get wide support from 100,000,000 voters to elect me and other candidates who will bust these crooks.
Stop whining.
The thread was intended to be about Chris Hedges. Not you. lol You're not only off topic, you're probably a troll.
There is only 1 right amount. That's for trial. This is for the OWS strategy to win the protest. Can you grasp the difference?
You are wasting time writing massive posts. Please use your time more effectively to target the remedy. The only solution is to elect a new slate. I feed you raw meat and lethal weapons to gain massive appeal to win the election in 2012.
Sollutions come about through ACCURATE information. What are you so defensive for?
Defensive? To win the mission depends on using the hydrogen bomb, not a sparkler.
You keep missing the point. Your mind is programmed. My mind is programmed by the logic course I took in 1960. It takes practice, son. You are practicing bad habits. I will never agree with that.
Is it true that Chris Hedges and Cornel West were secretly homosexual lovers? So far, 5 other white men have come out to file harassment charges against West.
Apparently, when engaging in anal intercourse, Hedges was unable to play "Receiver", as his head is constantly lodged so far up his ass, there is no room for any foreign cock.
I got 6 Cornel West do rags lefts! One size fits all. Johnny O. 1st and West.