Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.
RSS Feed Print
6 reasons 'Goldman Conspiracy' must kill reforms
Internal Administrator
Posted: Saturday, August 13, 2011
Joined: 10/12/2010
Posts: 5780

Posted: 5/4/2010 7:38:38 AM

By: Six

"In this context, the Goldman Conspiracy's goals are very simple as they manipulate Congress and the president to protect their warped culture:

1. No Fed audits, no transparency, no matter how much money the Fed prints for the banks

2. A toothless Consumer Protection Agency

3. Wall Street must continue controlling rating agencies

4. Unregulated proprietary trading of derivatives with loopholes for corporate derivatives

5. No new Glass-Steagall laws to prevent Wall Street from trading with customers' deposits

6. And taxpayers must remain liable for future bailouts over $50 billion up to unlimited sums even greater that the recent $23.7 trillion the Fed and Treasury handed out."


Jump to different Forum... 

We hunt for red flags in high-value, cross-border finance by monitoring offshore and onshore courts, regulatory actions, offering documents, and other sources - and email you the results.

View Recent Digests

US tycoon Bob Brockman indicted for '$2B offshore tax fraud scheme'
US software tycoon Bob Brockman has been criminally indicted in California for an alleged $2 billion offshore tax evasion scheme involving accounts and entities in Bermuda, British Virgin Islands, Cayman Islands, Nevis, and Switzerland. In a related case, billionaire private equity boss Robert Smith agreed to pay penalties of $139 million to avoid prosecution.
Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.