Goldman Sachs to be regulated by Fed

Well it now looks like the necessary vehicle is in place which will allow the transfer of good assets to the elitist Bankers and the bad assets to be transfered to the dumbass American public. When it is in their best interest to get things done, sh!t happens overnight, but the are still having trouble delivering ice to Galveston Bravo Bush!


Goldman Sachs to be regulated by Fed

Sun Sep 21, 2008 10:12pm EDT

PHILADELPHIA (Reuters) - Goldman Sachs Group Inc (GS.N:

(, Profile, Research, Stock Buzz) said on Sunday it would become the fourth largest bank holding company and would be regulated by the Federal Reserve.

Goldman said it would move assets from a number of strategic businesses, including its lending businesses, into an entity called GS Bank USA that would have more than $150 billion in assets.

GS Bank USA would be one of the ten largest banks in the United States, with assets that are fully funded for term and available to funded by the Federal Reserve.

Goldman said it intends to grow our deposit base through acquisitions and organically. (whatever the fu@k that means)

Awesome…The goverment will oversee everything…I am now seeing the light comrad.

**Mushroom Cloud over Wall Street **
By Mike Whitney

“One bank to rule them all;
One bank to bind them…”

21/090/08 "ICH " – - These are dark times. While you were sleeping the cockroaches were busy about their work, rummaging through the US Constitution, and putting the finishing touches on a scheme to assert absolute power over the nation’s financial markets and the country’s economic future. Industry representative Henry Paulson has submitted legislation to congress that will finally end the pretense that Bush controls anything more than reading the lines from a 4’ by 6’ teleprompter situated just inches from his lifeless pupils. Paulson is in charge now, and the coronation is set for sometime early next week. He rose to power in a stealthily-executed Bankster’s Coup in which he, and his coterie of dodgy friends, declared martial law on the US economy while elevating himself to supreme leader.

“All Hail Caesar!” The days of the republic are over.

Section 8 of the proposed legislation says it all:

“Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.”

Right; “non-reviewable” supremacy.


Any regret that I may have had for not re-electing this pathetic excuse of a NeoConArtist president and the promise-everything-do-nothing congress just washed away with this debacle. Don’t blame me for the problems resulting from the next election cycle, no GOP or DNC is getting my vote this year. I think right now I will check out the Libertarian canadates …

Hopefully next election we can work together and support a third party candidate like Ron Paul or at least someone who holds the same values regarding the American Constitution & liberty. This time though it is important to keep McSame from being elected to continue George Bush’s foreign & economic policies.

No thank you, I will not contribute to this mess.

I so badly want to see McLiberalBushJr and his lowest common denominator GOP cronies running for the congressional seats suffer crushing defeat but the Obama/ DNC “alternative” is equally toxic. And the last thing I want is for those socialist, constitution-hating liberals to be even more entrenched in DC. Both parties need to fall off the face of the Earth.