P.S. Herman Cain worked for FED 7 years 8.5 months consecutively. [Cain said he very much admires Alan Greenspan]. But Cain doesn't talk about his years at FED.
Fact Sheet
Herman Cain - Terms of Service [from wikipedia]
Federal Reserve Bank of Kansas City
1-1-89 to 12-31-91 Chairman, Omaha Branch board
1-1-92 to 12-31-94 Deputy Chairman, Head office board
Still 11/30/2011 NO regulation for Derivatives. With Greenspan the Derivatives crash was $600T - pres clinton made sure Brooksley Born lost "authority" on derivatives. Born forced to "resign" a/k/a "fired". Clinton and bush and obama all SIGNED for NO REGULATION ON DERIVATIVES.
@GSNPFL Actually is was the ENRON Senator Phil Gramm who removed Brooksley Born's authority. Clinton was being impeached at that time and purposefully distracted from many critical events, this being one. Phil Gramm's wife, Wendy was making a million a year as an ENRON CORP director.
This guy is talking nothing but mumbo jumbo. You have bogus financial instruments collatoralized with "vapor." You buy a life insurance policy for the benefit of your family...you die....they say "We ain't got the cash to backup your policy....guess we should have been regulated.. Oh well...next".
The derivatives market is essential for the destruction of America. Cocaine and Mind Control have been effective Economic Warfare Weapons towards this objective. The destruction of the Dollar, will herald a new world currency, dominated by China and Germany. QE1 & 2 must be followed by QE3, which will inflate the Credit Default Swap Ponzi Scheme beyond the tipping point. Adolph Hitler's "Operation Time Delay" is almost complete! The Penamund/Sennheiser Audiobeam Subliminal Mind Control works!
Why would a derivatives market which is 200 to 300 hundered trillion dollars large not be regulated? This practice should be banned and outlawed for it's catistrophic consequences now and in the future. There is no need for it, it benefits no one but the greedy bankers and wallstreet & does nothing to help the economy.
Our politicians do not understand his language. Blankfein might as well have been speaking in Japanese. He is giving solid answers and good explanations. How are they ever going to think they can fix this economy? They all need to be very very careful. Sentiment is that none of Wall St. or the folks in Washington are considered careful about anything. There is titan slaying happening right now and we are all just soldiers of fortune on their battlefield.
i would rather someone put a bullet in this fools dome instead of bin laden he did more damage to this nation, infact the world than bin laden ever could.
Guys like Blankfein think they are untouchable, even with an insider like Brooksley Born. That said, the Wall Streeters are clearly threatened by someone who knows the game like Born. Blankfein and his confederates KNOW they are criminals AND they know people like Brooksley Born also know it.
Jews of the central banking cartels will debauch the dollar and eventually cause hyperinflation, leaving a few rich and most people poor. This must be stopped at all costs. Stop these monsters by owning at least a little .999 physical gold and silver bullion.
@Rawego I am 100% correct, and will not change opinion. Describing the CHARACTER of a race, such as the tendency of Jews to be dishonest to non-jews, commit white collar crimes, and commit usury, is not anti-semitism. Too much power is concentrated in central banks, financial industry, and insurance industry. These parasites be stopped at all costs even if mass anarchy is required.
Wouldn't you hate to have to show up before an official and have them say "this is really bad you know?".
Thank god they have prisons, I'll take a jail cell any day over having to fly to Washington and have them look me in the eye and say "naughty, naughty".
It's amazing how "Real Americans" labeled her a socialist demon of sorts back then. She was unAmerican and a trouble maker. "The market will fix/correct itself". What bullshit. Why is it America falls for this all the time? Byron Dorgan called "it" also, after the repeal of Glass-Steagall.
10% unemployment is 5% higher than during a normal economy and this is 2.5% in great depression terms given the fact that males were counted mostly then. we are spoiled brats.
derivatives is a way for investors to hedge their investment risks and may have been the financial instrument needed to spur american technological advancement. Were it not for the mortgage backed variety, and subprime at that, which relied on lower skilled workers to keep their jobs, which less expensive, comparably skilled chinese workers ensured did not happen, we'd be fine.
the biggest flaw in our financial system is allowing banks to leverage up their assets.(Fractional reserve banking) It is illegal because it is tantamount to printing your own money! They claim tribute for the money they gave you that they didn't have in the first place...
That is counterfeit currency!!! This is outright fraud!
We have exterminated the property owners in Russia.We are going to do the same thing in Europe and America
(The Jew,December 1925,Zinobit
The world revolution which we will experience will be exclusively our affair and will rest in our hands.This revolution will tighten the Jewish domination over all other people
Le Peuple Juif,February 8,1919
If you want the whole truth,the future of America,what is coming your ways,please read this book for free on internet
Hubba, Hubba, This is a real woman, She has morals, she cares about the people, she was willing to go head to head with the most selfish of Wall Street and of the Clinton Admin. and stand on the truth. How could you not love a woman like this. This woman stands out among Americans as a woman of the people, for the people. Too bad we were too ignorant to understand the gift in front of us. (to her relatives. some of us, understand and are truly grateful.)
Gotta love anti- semitism, and hatred of CEOs. All these guys did was attempted to add value to their companies for shareholders, and become successful on Wall Street. Every CEO did it. Hardly anyone recognized the bubble that was expanding, and would eventually popped. It's easy to hate these guys after it's over. God help you all. You have no idea how much pressure these guys had on them from their shareholders to make as much money as possible. Blame the shareholders, not the CEOs
@jmurphrocks15 ... right... how much did Lloyd get in bonuses? how much do they get paid? How much capital do they get from the gov't at the expense of everyone else?
don't appease these gentlemen, Lloyd especially because he is in leagues with the globalist bilderberg group. Fuck em. Let em rot in jail!
@ParapaDrifter Goldman Sachs paid their government loan back WITH INTEREST before everyone else. They get paid (when they're performing well, and managing risk appropriately) deservingly well. Should we pay these guys as much as average Americans for managing huge sums of money and building businesses? Do you realize what that would do to the system? I don't agree with a lot of the things these banks did before the recession, but you can't criticize only them. We're demonizing them too much
@jmurphrocks15 -- yep. they are only the frontmen for a larger codery of international criminals who are fast stripping national sovereignty. The global gov't that the Royalty of europe are building is in a feudalist style. Goldman Sachs are well represented at bilderberg. They are synarchists.
They are assuming that they are above the law when they work secretly with the FED and play tiddlywinks with our currency. My problem is that there is no oversight! Where is the rule of law? Democracy?
@jmurphrocks15 "Should we pay these guys as much as average Americans for managing huge sums of money and building businesses? " since they have zero collateral to back up the loans and derivatives issued, they are nothing but middlemen to the currency that should be between the people and the treasury. So yes, fraud should be punished. throw em in jail, confiscate their assets, and divvy it up between every bank in the nation depending on how responsible they are.
@ParapaDrifter GOOD risk absolutely should be rewarded. Look at the financials of investment banks during the past two years- they've increased their amount of collateral to back up their bets significantly. These guys raise capital, and build businesses. It takes tons of time and skill. The more good risk they take, the more they should be rewarded. The worse they perform, the less they should be paid. How could you argue with that?
@jmurphrocks15 i misspoke on risk.. i meant failure should not be rewarded. They failed their company, tough shit, derivatives are a fraud.
they are still middlemen their industry is outmoded. People should be dealing directly with the treasury, and not owe a dime to these loan-sharks. It's hard not to be pissed when you realize that they want us to continue running on this hampster-wheel of a fake paper worthless debt economy.
14tril on the national debt?? WE DON'T OWE THEM SHIT EXCEPT LEAD!
@jmurphrocks15 they are basically gambling with other peoples money... there is not such thing as good/bad risk. They were entrusted with the money press machine of the nation. They failed. Now they are just trying to cover up their failed system with more complicated fraud.
One of the reasons the great depression happened, people withdrawing their money exposed the fraud the bankers were engaged in, which was gambling on other people's money, Fractional reserve banking is/was the fraud.
so essentially these companies have been making huge profits off of bank's lose credit loans? and when the borrowers couldn't pay back, on a massive scale, the whole thing collapsed?
It sounded to me that Blankfein's response to Brooksley Born's question to what extent did derivatives play in the financial crisis was that they didn't. Unfortunately she did not then follow up to ask that if derivatives didn't cause the crisis, then what did in his opinion?
@cheezit357 Not mere criminals - a jailyard is full of mere criminals - these cats are SUPER UBER CRIMINALS of unimaginable sclae - the biggest thieves in the history of humanity by far! They have literally reduced the living standard of every human on the planet they have stolen so much - they have looted the entire USA population and by extension everyone else on the planet - that's absolutely superhuman criminality!
George Orwell predicted correctly, but missed the exact date by a few years. Welcome to Newspeak! The gobbledygook is made deliberately obscure in order to hide the horrifying truth. Our country is run by gangsters.
OMG......What is this jerk talking about....is someone jerking Mr.Blankfeins wein#r under the table....I fell asleep listening to him...job well done.
The American people - the great majority - are too thick to understand just how badly they are being raped by this crisis. Instead of marching on Capitol Hill and on Wall Street, they offer up their behinds for another brutal rape. The American media sells the banker branded opium to the masses and they greedily snort it up. When will the average American sit up and take note of all this!?
@kysmik I would prefer George Carlin if he wasn't dead. That said I would NEVER vote for any war wh*re. These people are all evil or just stupid, they know that we are there to do what we have done in other countries split them wide open for the disaster capitalists to steal whatever they can using the taxpayers money. How come Afghanistan produces more and more opium every year since we have been there? I have sooo many questions..reading Shock Doctrine helped a lot.
@kysmik If the old boys didn't listen to her as head of the CFTC, I'm skeptical that they would listen to her as President. They would engineer her failure. Sad, but true.
This woman is my hero. Watch the docu "Frontline: The warning". She predicted this years ago but the Illuminati thieves unleashed their bias media bashing on her. And now we, regular folks, are all paying for it.
Born is an amazingly knowledgable woman who knows what the hell shes talking about. In the late 90s she called all of this nonsense, and they, Greenspan, Geithner, and Summers/Rubin, had her laughed out of Congress.
This woman can't even pronounce Credit Default Swaps properly, let alone understand what it entails, how is this grilling? Btw Blankfein didnt say anything relevant..
Ms. Born is a hero. And Clinton (who is a Zionist puppet) knew quickly that she would be the Debbie Downer in his administration. The person who would give him the unfeathered truth about our economy and the crooks on Wall St. She would not "play ball" and Clinton knew it, that's why he chose Janet Reno over her. But do not attempt to place ALL this at Clinton's door step. That honor belongs to Reagan. Oops, did I insult the MYTHICAL diety that be Reagan!
I would hardly characterize this as a "grilling," and Blankfein is saying absolutely nothing objectionable or overtly self-serving here. Who named this video, anyway?
People need to understand WHY derivatives were allowed to be created, and unregulated (with 95% of hedge funds operating out of the Cayman Islands, a British Protectorate with laws preventing outside govts from auditing firm's accounts). Peter Warburton wrote in a 2001 article Debasement of World Currencies that they were created to mop-up excess liquidity (credit) being created by wreckless central banks.
@sosaybrothernathan Of course, that motive, if correct, was not noble, far from it. It merely deferred the inevitable massive inflation to a later date. That date is fast approaching, especially when one considers the latest revelations that the LBMA is operating it's gold sales on a fractional reserve basis of 100:1. The ENTIRE financial system is one giant Ponzi scheme. The only viable solution to prevent total collapse is not more bailouts, it is likely to be WWIII.
F#@*ng liar, thief and profiteer, so are the rest of them. They set up a system that was doomed ot fail. I also wonder why so many at the top happen to be of the Jewish persuasion. That may be because since the country was formed, bankers controlled by Jewish interests already controlled the banking industryies in Europe. See book: "The Creature from Jeckyle island" for a great explanation of how the bankeers set up the FED convertly to control money in the US.
Man o man I'm not sure that guy even knows what he is talking about, which might be part of the problem. All those guys are just confusing each other and they're all pretending like they did their homework.
I heard the PRECISE Blankfein views expressed by..JEFF SKILLING, Enron CEO and Marc Shapiro, JP Morgan Chase, Vice Chairman for Risk Management. BOTH were collasal failures that the markets FAILED to pick up until the employees and shareholders of ENRON had lost SIXTY-EIGHT BILLION dollars.
@mike6459 Ms Born was on the CFTC from 1996 to 1999, President Clinton was in office and the FIRST Enron like blow out was with a company named Long Term Capital Managment...get your facts straight. It must be hard for you to acknowledge that this did NOT all start during the Bush Administration. You might want to also look into when Enron made it's money and the dotcom bubble. Have a great day.
You are absolutely right. But you ALSO got it wrong. The person you are attempting to dress down is as wrong as you. Right name, but wrong Bush. And that Bush was Vice Prez at the time all this deregulation and anger toward regulation started. Sooooooo if Bush was Vice Prez that means the Prez was.......wait for it............wait for it, Reagan, yeah Reagan. Hopefully your Nobel prize worthy research did not lead you to blame this on Clinton.
@mike6459 I admire Brooksley more than I can say, however, she had her chance here to slam Blankfein's BS answers and she did not. I for one was dissapointed at this exchange. Let's hope Senator Levin has better luck in his criminal investigation.
na I was think he ment they needed Jesus to come back and Throw them around and tell them how worthless they have become again! But, I could be wrong.. =) Jews need to get with the program anyway with the New World Order of a One World system of Unity!
Did she say 230 Trillion and it was 1/3rd of the market.. Does that then make 700 Trillion in CDS out their.. and if so OMFG! That will never get paid!
Congress is 100% Isreali-occupied Territory. Their allegiance is 100% to Tel Aviv's Goldman Sachs, Dimon, Rob Emmanuel, Joey Lieberman, Alan Greenspan, Ben Bernanke. Media show hilarious "grilling" Kleenex-whipping by US thieves joking with their Goldman owners. Until US taxpayers destroy The GOP-Likud-Dem Crime Family repackages theft while destroying rules against it.. Until The Tel Aviv-US Crime Family is destroyed by US citizens, your life, homes & lost future belong to Tel Aviv & Goldman
This is the guy who thinks he's doing Gods work, He needs to read Luke chapter 18:22 and see what God thinks about rich fools like this. Trust me their day is coming and they will be held accountable for their actions.
I wonder how fast O'l Lloyd's US Military Industrial Mossad MICM who bodyguards Lloyd with his GOP-Dem-Likud Crime Famly...how fast spoken truth monitoring about your Likud Crime God-.how fast can after keystrokes can they deliver ordinance by Mossad-CIA Op's?..if Ol'Lloyd-God's victims do 223. tests past Ol' Lloyd's Kevlar media shield, opening Ol' Lloyd's mind? Anything else impress Likud-God? Does Tel Aviv God forgive if afterall, Lloyd is exceptionally mortal? Albeit doing God's Satan-work?
Heres an idea,look at what realy happened , make apropriate transparent policy and start over .all Fraudsters face due proccess, and a Golden age of peoples banking for the people!results!
I'm not a fan of these guys but it has to be repeated that if not for the Federal Reserve, Alan Greenspan, Ben Bernanke, etc, the environment for the bubble would not have existed.
People have to stay focused on the cause of the cancer, not a symptom of it.
The root of economic bubble in the US is ALWAYS the Fed, as you point out correctly. And it is happening as I speak. But sadly less than 1% of the entire population know or pay any attention at all to it.
supposedly they control alot of us foreign & domestic policy, create wars abroad and are about robbing the us taxpayer. Thats my understanding of it, there maybe more to it than that.
sounds like he is talking about a toilet.."keep the plumbing clean".."let it settle" "keep it fluid"..In other words,, toxic derivatives are a lot like sewage.
He looks like a crackhead trying to justify his addiction
banginyourface 2 months ago in playlist People
P.S. Herman Cain worked for FED 7 years 8.5 months consecutively. [Cain said he very much admires Alan Greenspan]. But Cain doesn't talk about his years at FED.
Fact Sheet
Herman Cain - Terms of Service [from wikipedia]
Federal Reserve Bank of Kansas City
1-1-89 to 12-31-91 Chairman, Omaha Branch board
1-1-92 to 12-31-94 Deputy Chairman, Head office board
1-1-95 to 8-19-96 Chairman, Head office board
[total 7 years 8 ½ months]
GSNPFL 3 months ago
Still 11/30/2011 NO regulation for Derivatives. With Greenspan the Derivatives crash was $600T - pres clinton made sure Brooksley Born lost "authority" on derivatives. Born forced to "resign" a/k/a "fired". Clinton and bush and obama all SIGNED for NO REGULATION ON DERIVATIVES.
GSNPFL 3 months ago
@GSNPFL Actually is was the ENRON Senator Phil Gramm who removed Brooksley Born's authority. Clinton was being impeached at that time and purposefully distracted from many critical events, this being one. Phil Gramm's wife, Wendy was making a million a year as an ENRON CORP director.
exenrontexas 5 days ago
This guy is talking nothing but mumbo jumbo. You have bogus financial instruments collatoralized with "vapor." You buy a life insurance policy for the benefit of your family...you die....they say "We ain't got the cash to backup your policy....guess we should have been regulated.. Oh well...next".
mrbigkell 3 months ago
Desvena, you are in need of spiritual counseling. You are going to eat yourself alive if you don't clean up your mind.
buddylarsen 7 months ago
Stupid dirty JEW, this is why Hitler tried to kill them all!
Desvena 7 months ago
The derivatives market is essential for the destruction of America. Cocaine and Mind Control have been effective Economic Warfare Weapons towards this objective. The destruction of the Dollar, will herald a new world currency, dominated by China and Germany. QE1 & 2 must be followed by QE3, which will inflate the Credit Default Swap Ponzi Scheme beyond the tipping point. Adolph Hitler's "Operation Time Delay" is almost complete! The Penamund/Sennheiser Audiobeam Subliminal Mind Control works!
WarzSchoolchild 7 months ago
Why would a derivatives market which is 200 to 300 hundered trillion dollars large not be regulated? This practice should be banned and outlawed for it's catistrophic consequences now and in the future. There is no need for it, it benefits no one but the greedy bankers and wallstreet & does nothing to help the economy.
drumsmetalheavy11 8 months ago
Magic, Loyd Blankfeine is magic. He has made his organ disappear in the American peoples rectum. His time will come.
chewbaca1989 9 months ago
Our politicians do not understand his language. Blankfein might as well have been speaking in Japanese. He is giving solid answers and good explanations. How are they ever going to think they can fix this economy? They all need to be very very careful. Sentiment is that none of Wall St. or the folks in Washington are considered careful about anything. There is titan slaying happening right now and we are all just soldiers of fortune on their battlefield.
Nicarider182 9 months ago
Goldman Sach's is bankrupt as far as I'm concerned. Sell off the assets and put these executives on the street. You know, next to former clients.
dayvconsir 9 months ago
@dayvconsir uhhhh, it made $9billion last year.
Davo2984 8 months ago
@Davo2984 Like I said, as far as I'm concerned.
dayvconsir 8 months ago
i would rather someone put a bullet in this fools dome instead of bin laden he did more damage to this nation, infact the world than bin laden ever could.
Leadstorm76 9 months ago 2
Guys like Blankfein think they are untouchable, even with an insider like Brooksley Born. That said, the Wall Streeters are clearly threatened by someone who knows the game like Born. Blankfein and his confederates KNOW they are criminals AND they know people like Brooksley Born also know it.
Paolo7219 10 months ago
Lloyd Blankfein sounds like the Amway con man that tried to convince me to buy into his crappy product pyramid system. I'm not joking.
greenback001 11 months ago
Jews of the central banking cartels will debauch the dollar and eventually cause hyperinflation, leaving a few rich and most people poor. This must be stopped at all costs. Stop these monsters by owning at least a little .999 physical gold and silver bullion.
jliu512 11 months ago
@jliu512 i think it was mostly Christians, not Jews. you sure you got your facts straight or are simply talking out of your Anti-Semitic ass???
Rawego 9 months ago
@Rawego I am 100% correct, and will not change opinion. Describing the CHARACTER of a race, such as the tendency of Jews to be dishonest to non-jews, commit white collar crimes, and commit usury, is not anti-semitism. Too much power is concentrated in central banks, financial industry, and insurance industry. These parasites be stopped at all costs even if mass anarchy is required.
jliu512 9 months ago
all the jews on wall st. have stabbed america in the back
Marius26879 11 months ago 2
Wouldn't you hate to have to show up before an official and have them say "this is really bad you know?".
Thank god they have prisons, I'll take a jail cell any day over having to fly to Washington and have them look me in the eye and say "naughty, naughty".
Scryppps 11 months ago
he has a look to him like "although i stole your money ill try to weasel out of you from finding out it was me".. is he a jew?
serge421UA 1 year ago
@serge421UA
2 of the 5 are. Lloyd Blankfein and Jamie Dimon. That's 2nd and 3rd from the left respectfully.
drbayoms 1 year ago
just saw the documentary 'the warning'. this lady is probably the greatest and most unsung American hero living today.
victor256in 1 year ago 3
@victor256in
It's amazing how "Real Americans" labeled her a socialist demon of sorts back then. She was unAmerican and a trouble maker. "The market will fix/correct itself". What bullshit. Why is it America falls for this all the time? Byron Dorgan called "it" also, after the repeal of Glass-Steagall.
drbayoms 1 year ago
10% unemployment is 5% higher than during a normal economy and this is 2.5% in great depression terms given the fact that males were counted mostly then. we are spoiled brats.
hmagana 1 year ago
derivatives is a way for investors to hedge their investment risks and may have been the financial instrument needed to spur american technological advancement. Were it not for the mortgage backed variety, and subprime at that, which relied on lower skilled workers to keep their jobs, which less expensive, comparably skilled chinese workers ensured did not happen, we'd be fine.
hmagana 1 year ago
the biggest flaw in our financial system is allowing banks to leverage up their assets.(Fractional reserve banking) It is illegal because it is tantamount to printing your own money! They claim tribute for the money they gave you that they didn't have in the first place...
That is counterfeit currency!!! This is outright fraud!
ParapaDrifter 1 year ago
This has been flagged as spam show
We have exterminated the property owners in Russia.We are going to do the same thing in Europe and America
(The Jew,December 1925,Zinobit
The world revolution which we will experience will be exclusively our affair and will rest in our hands.This revolution will tighten the Jewish domination over all other people
Le Peuple Juif,February 8,1919
If you want the whole truth,the future of America,what is coming your ways,please read this book for free on internet
Who Is Esau-Edom,Who Is Esau-Edom
MsMihailescu 1 year ago
The Jew who ganged up a against Brooksley Born :
1. Alan Greenspan.
2. Robert Rubin
3. Larry Summers.
4. Lyold Blankfein
5. Timothy Geithner
akamal1113 1 year ago 2
Hubba, Hubba, This is a real woman, She has morals, she cares about the people, she was willing to go head to head with the most selfish of Wall Street and of the Clinton Admin. and stand on the truth. How could you not love a woman like this. This woman stands out among Americans as a woman of the people, for the people. Too bad we were too ignorant to understand the gift in front of us. (to her relatives. some of us, understand and are truly grateful.)
tomeross77 1 year ago 2
Gotta love anti- semitism, and hatred of CEOs. All these guys did was attempted to add value to their companies for shareholders, and become successful on Wall Street. Every CEO did it. Hardly anyone recognized the bubble that was expanding, and would eventually popped. It's easy to hate these guys after it's over. God help you all. You have no idea how much pressure these guys had on them from their shareholders to make as much money as possible. Blame the shareholders, not the CEOs
jmurphrocks15 1 year ago
@jmurphrocks15 ... right... how much did Lloyd get in bonuses? how much do they get paid? How much capital do they get from the gov't at the expense of everyone else?
don't appease these gentlemen, Lloyd especially because he is in leagues with the globalist bilderberg group. Fuck em. Let em rot in jail!
ParapaDrifter 1 year ago
@ParapaDrifter Goldman Sachs paid their government loan back WITH INTEREST before everyone else. They get paid (when they're performing well, and managing risk appropriately) deservingly well. Should we pay these guys as much as average Americans for managing huge sums of money and building businesses? Do you realize what that would do to the system? I don't agree with a lot of the things these banks did before the recession, but you can't criticize only them. We're demonizing them too much
jmurphrocks15 1 year ago
@jmurphrocks15 -- yep. they are only the frontmen for a larger codery of international criminals who are fast stripping national sovereignty. The global gov't that the Royalty of europe are building is in a feudalist style. Goldman Sachs are well represented at bilderberg. They are synarchists.
They are assuming that they are above the law when they work secretly with the FED and play tiddlywinks with our currency. My problem is that there is no oversight! Where is the rule of law? Democracy?
ParapaDrifter 1 year ago
@jmurphrocks15 "Should we pay these guys as much as average Americans for managing huge sums of money and building businesses? " since they have zero collateral to back up the loans and derivatives issued, they are nothing but middlemen to the currency that should be between the people and the treasury. So yes, fraud should be punished. throw em in jail, confiscate their assets, and divvy it up between every bank in the nation depending on how responsible they are.
Risk should not be rewarded.
ParapaDrifter 1 year ago
@ParapaDrifter GOOD risk absolutely should be rewarded. Look at the financials of investment banks during the past two years- they've increased their amount of collateral to back up their bets significantly. These guys raise capital, and build businesses. It takes tons of time and skill. The more good risk they take, the more they should be rewarded. The worse they perform, the less they should be paid. How could you argue with that?
jmurphrocks15 1 year ago
@jmurphrocks15 i misspoke on risk.. i meant failure should not be rewarded. They failed their company, tough shit, derivatives are a fraud.
they are still middlemen their industry is outmoded. People should be dealing directly with the treasury, and not owe a dime to these loan-sharks. It's hard not to be pissed when you realize that they want us to continue running on this hampster-wheel of a fake paper worthless debt economy.
14tril on the national debt?? WE DON'T OWE THEM SHIT EXCEPT LEAD!
ParapaDrifter 1 year ago
@jmurphrocks15 they are basically gambling with other peoples money... there is not such thing as good/bad risk. They were entrusted with the money press machine of the nation. They failed. Now they are just trying to cover up their failed system with more complicated fraud.
One of the reasons the great depression happened, people withdrawing their money exposed the fraud the bankers were engaged in, which was gambling on other people's money, Fractional reserve banking is/was the fraud.
ParapaDrifter 5 months ago 2
Blankfein should be exucuted & his body hanged in Wall Street.
akamal1113 1 year ago
so essentially these companies have been making huge profits off of bank's lose credit loans? and when the borrowers couldn't pay back, on a massive scale, the whole thing collapsed?
crazysoccerman14 1 year ago
0:08 look at that bastard Goldman Suchs CEO, looser
sov19871987 1 year ago
Jewish bankers. the cancer to the rest of humanity.
They have been stopped from having anything to do with finance historically in individual countries all over the world.
They get everyone to play with their contracts of debt purely to make everyone poor.
Time for all non-bankers to trade with asset (silver & gold) not Jewish contracts of debt.
Banks sell debt in one form or another and nothing else, savings accounts loose value faster than the numbers go up in the account.
smudge6699 1 year ago
@smudge6699 good luck going back to the stone age
ndjo7189 1 year ago
@ndjo7189
Welcome to Renaissance .2.0
smudge6699 1 year ago
It sounded to me that Blankfein's response to Brooksley Born's question to what extent did derivatives play in the financial crisis was that they didn't. Unfortunately she did not then follow up to ask that if derivatives didn't cause the crisis, then what did in his opinion?
jcostley 1 year ago
Blankfein's face at 1:22 is priceless LOL
RockaRolla74 1 year ago
Criminal all of them in that ROOM.....
cheezit357 1 year ago
@cheezit357 Not mere criminals - a jailyard is full of mere criminals - these cats are SUPER UBER CRIMINALS of unimaginable sclae - the biggest thieves in the history of humanity by far! They have literally reduced the living standard of every human on the planet they have stolen so much - they have looted the entire USA population and by extension everyone else on the planet - that's absolutely superhuman criminality!
BiggerThinking1 1 year ago
George Orwell predicted correctly, but missed the exact date by a few years. Welcome to Newspeak! The gobbledygook is made deliberately obscure in order to hide the horrifying truth. Our country is run by gangsters.
SIMKINETICS 1 year ago
now that's what I call a good grilling
GUSTAWSON 1 year ago
Blanksfein head looks like a raw egg. I'd like to break it.
perlaand 1 year ago
some of these banksters need to be tied behind a team of wild horses in a cactus farm
navtel 1 year ago
The problem with that Mr Blankfeinnnnn IS that you are all CROOKS and will always find a way to steal taxpayers money and make excuses for it.
rivieracar1992 1 year ago 3
OMG......What is this jerk talking about....is someone jerking Mr.Blankfeins wein#r under the table....I fell asleep listening to him...job well done.
abbadabbadolittle 1 year ago 6
Look what happens when you are a honest person trying to function in a world of evil, greedy, self serving scum-bags...they squash you.
abbadabbadolittle 1 year ago 16
This has been flagged as spam show
The American people - the great majority - are too thick to understand just how badly they are being raped by this crisis. Instead of marching on Capitol Hill and on Wall Street, they offer up their behinds for another brutal rape. The American media sells the banker branded opium to the masses and they greedily snort it up. When will the average American sit up and take note of all this!?
BeholdZeus 1 year ago
Brooksley Born for President in 2012!!!!!
kysmik 1 year ago
@kysmik I would vote for her...
abbadabbadolittle 1 year ago
@abbadabbadolittle
What do you think? Born and McChrystal to clean this mess up!!!!
kysmik 1 year ago 2
@kysmik I would prefer George Carlin if he wasn't dead. That said I would NEVER vote for any war wh*re. These people are all evil or just stupid, they know that we are there to do what we have done in other countries split them wide open for the disaster capitalists to steal whatever they can using the taxpayers money. How come Afghanistan produces more and more opium every year since we have been there? I have sooo many questions..reading Shock Doctrine helped a lot.
abbadabbadolittle 1 year ago 14
@abbadabbadolittle
depressing.
kysmik 1 year ago
@kysmik Sorry!
abbadabbadolittle 1 year ago
@kysmik If the old boys didn't listen to her as head of the CFTC, I'm skeptical that they would listen to her as President. They would engineer her failure. Sad, but true.
Seasass 1 year ago
@Seasass
I would have to concur. Wonder just how many "failures" have actually been engineered? More than a few I would guess.
kysmik 1 year ago
This woman is my hero. Watch the docu "Frontline: The warning". She predicted this years ago but the Illuminati thieves unleashed their bias media bashing on her. And now we, regular folks, are all paying for it.
rivieracar1992 1 year ago
Born is an amazingly knowledgable woman who knows what the hell shes talking about. In the late 90s she called all of this nonsense, and they, Greenspan, Geithner, and Summers/Rubin, had her laughed out of Congress.
meushubris 1 year ago
Blankfein avoids to compromise himself and his infamous GS attempting to scape from further criminal charges against them.
perlaand 1 year ago
This woman can't even pronounce Credit Default Swaps properly, let alone understand what it entails, how is this grilling? Btw Blankfein didnt say anything relevant..
namdor11 1 year ago
@namdor11 Maybe you should do some research numbnuts. Watch 'The Warning'. Shes the only one in the nation who called the collapse dipshit!
meushubris 1 year ago
@namdor11 you are SUCH an ignorant DUMBASS! Please shut up and stop showing your stupidity!!!!!
kysmik 1 year ago
i cant even decipher this foreign language
lostintheapplasauce 1 year ago
Ms. Born is a hero. And Clinton (who is a Zionist puppet) knew quickly that she would be the Debbie Downer in his administration. The person who would give him the unfeathered truth about our economy and the crooks on Wall St. She would not "play ball" and Clinton knew it, that's why he chose Janet Reno over her. But do not attempt to place ALL this at Clinton's door step. That honor belongs to Reagan. Oops, did I insult the MYTHICAL diety that be Reagan!
drbayoms 1 year ago 2
I would hardly characterize this as a "grilling," and Blankfein is saying absolutely nothing objectionable or overtly self-serving here. Who named this video, anyway?
mjesuele 1 year ago 2
you call that grill lol
satiev1 1 year ago
Fuck, Born!
Quit softballing this shit! Hang him by his little Jewish balls!
adelsmana 1 year ago
Blankfein is an arrogant crook and a nasty jew bastard.
Ripping people off and saying how it was all legal and ethical.
Goldman Sachs is Forbes top 10 LEAST ADMIRED COMPANIES.
yourhillary 1 year ago
@yourhillary fuck you racist prick, stop judging all Jews. u fucking piece of shit.
EternalIntelligence 1 year ago
swear to god i didn't understand a sentence
wsm1986 1 year ago
Ms Born is amazing, we need more like her.
lorigee2 1 year ago
People need to understand WHY derivatives were allowed to be created, and unregulated (with 95% of hedge funds operating out of the Cayman Islands, a British Protectorate with laws preventing outside govts from auditing firm's accounts). Peter Warburton wrote in a 2001 article Debasement of World Currencies that they were created to mop-up excess liquidity (credit) being created by wreckless central banks.
sosaybrothernathan 1 year ago
@sosaybrothernathan Of course, that motive, if correct, was not noble, far from it. It merely deferred the inevitable massive inflation to a later date. That date is fast approaching, especially when one considers the latest revelations that the LBMA is operating it's gold sales on a fractional reserve basis of 100:1. The ENTIRE financial system is one giant Ponzi scheme. The only viable solution to prevent total collapse is not more bailouts, it is likely to be WWIII.
sosaybrothernathan 1 year ago
Blankfein is a shyster crook piece of trash. That rat should be in jail for life for all the fraud he's engaged in.
IcedEarth426 1 year ago
one big happy satanic family
lahism7 1 year ago
230 trillion IS TOO MUCH GAMBLING
ZBIG8484 1 year ago
This guy is a Bankster, Brooksley Born is a HERO!
edarotag84 2 years ago 5
F#@*ng liar, thief and profiteer, so are the rest of them. They set up a system that was doomed ot fail. I also wonder why so many at the top happen to be of the Jewish persuasion. That may be because since the country was formed, bankers controlled by Jewish interests already controlled the banking industryies in Europe. See book: "The Creature from Jeckyle island" for a great explanation of how the bankeers set up the FED convertly to control money in the US.
conquestsk 2 years ago
@conquestsk haha faggot
dafarreller 1 year ago
@dafarreller
Do you have a brain cell that actually works? Your mother should have swallowed to save the planet from your ignorance.
conquestsk 1 year ago
@conquestsk my mother's a saint!
dafarreller 1 year ago
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ERROLCUSTERFLYNN4EVR 2 years ago
Man o man I'm not sure that guy even knows what he is talking about, which might be part of the problem. All those guys are just confusing each other and they're all pretending like they did their homework.
TheIglooOven 2 years ago
I heard the PRECISE Blankfein views expressed by..JEFF SKILLING, Enron CEO and Marc Shapiro, JP Morgan Chase, Vice Chairman for Risk Management. BOTH were collasal failures that the markets FAILED to pick up until the employees and shareholders of ENRON had lost SIXTY-EIGHT BILLION dollars.
exenrontexas 2 years ago
Typical Jew.
PObserver 2 years ago
not typical, but Blankfein, Soros, Greenspan et al. are the jews who deserve to be deportated to Ausschwitz.
ichmalealsobinich 1 year ago
Schmuck
almico123 1 year ago
Were I to read a book on quantum physics I am sure I would understand more and be more educated than were I to read a book on economics.
arynaq 2 years ago
this lady called it back in 1999 that derivatives were going to blow and the President and Greeenspan gagged her and did nothing about it
mike6459 2 years ago 38
@mike6459 Ms Born was on the CFTC from 1996 to 1999, President Clinton was in office and the FIRST Enron like blow out was with a company named Long Term Capital Managment...get your facts straight. It must be hard for you to acknowledge that this did NOT all start during the Bush Administration. You might want to also look into when Enron made it's money and the dotcom bubble. Have a great day.
lorigee2 1 year ago
@lorigee2
You are absolutely right. But you ALSO got it wrong. The person you are attempting to dress down is as wrong as you. Right name, but wrong Bush. And that Bush was Vice Prez at the time all this deregulation and anger toward regulation started. Sooooooo if Bush was Vice Prez that means the Prez was.......wait for it............wait for it, Reagan, yeah Reagan. Hopefully your Nobel prize worthy research did not lead you to blame this on Clinton.
drbayoms 1 year ago
@mike6459
.....and Summers and Rubin too. But this all really started in the 80's.
drbayoms 1 year ago
@mike6459 Yes. I bet these guys are saying: this fucking lady again!
mediblue9 11 months ago
@mike6459 I admire Brooksley more than I can say, however, she had her chance here to slam Blankfein's BS answers and she did not. I for one was dissapointed at this exchange. Let's hope Senator Levin has better luck in his criminal investigation.
Lexi8888 9 months ago
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ERROLCUSTERFLYNN4EVR 2 years ago
She was the only person piping up about this issue since the mid-90's. Get your facts straight.
Kenjiro5775 2 years ago 4
na I was think he ment they needed Jesus to come back and Throw them around and tell them how worthless they have become again! But, I could be wrong.. =) Jews need to get with the program anyway with the New World Order of a One World system of Unity!
Budvb 2 years ago
Did she say 230 Trillion and it was 1/3rd of the market.. Does that then make 700 Trillion in CDS out their.. and if so OMFG! That will never get paid!
Budvb 2 years ago
Congress is 100% Isreali-occupied Territory. Their allegiance is 100% to Tel Aviv's Goldman Sachs, Dimon, Rob Emmanuel, Joey Lieberman, Alan Greenspan, Ben Bernanke. Media show hilarious "grilling" Kleenex-whipping by US thieves joking with their Goldman owners. Until US taxpayers destroy The GOP-Likud-Dem Crime Family repackages theft while destroying rules against it.. Until The Tel Aviv-US Crime Family is destroyed by US citizens, your life, homes & lost future belong to Tel Aviv & Goldman
westwindmilagro 2 years ago
God, how much I wish I could clobber this weasels smug face.
McHunt7 2 years ago
You guys are idiots.
Jwalkin23 2 years ago
This is the guy who thinks he's doing Gods work, He needs to read Luke chapter 18:22 and see what God thinks about rich fools like this. Trust me their day is coming and they will be held accountable for their actions.
wesleypipesbk 2 years ago
lol...yea because the church isn't in the business of making money right?....lol
petiemac12 2 years ago
except he is god. have you thought about that?
bearstearn3 2 years ago
I wonder how fast O'l Lloyd's US Military Industrial Mossad MICM who bodyguards Lloyd with his GOP-Dem-Likud Crime Famly...how fast spoken truth monitoring about your Likud Crime God-.how fast can after keystrokes can they deliver ordinance by Mossad-CIA Op's?..if Ol'Lloyd-God's victims do 223. tests past Ol' Lloyd's Kevlar media shield, opening Ol' Lloyd's mind? Anything else impress Likud-God? Does Tel Aviv God forgive if afterall, Lloyd is exceptionally mortal? Albeit doing God's Satan-work?
westwindmilagro 2 years ago
Heres an idea,look at what realy happened , make apropriate transparent policy and start over .all Fraudsters face due proccess, and a Golden age of peoples banking for the people!results!
seesitnow4sure 2 years ago
I'm not a fan of these guys but it has to be repeated that if not for the Federal Reserve, Alan Greenspan, Ben Bernanke, etc, the environment for the bubble would not have existed.
People have to stay focused on the cause of the cancer, not a symptom of it.
kmg501 2 years ago 2
The root of economic bubble in the US is ALWAYS the Fed, as you point out correctly. And it is happening as I speak. But sadly less than 1% of the entire population know or pay any attention at all to it.
zetasan 2 years ago
these people are true capitalists that made America prosper!
SuperTravisZ 2 years ago
and you are a truly uneducated...lol
petiemac12 2 years ago
The Wall St. Don's.
rollsthepaul 2 years ago
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ERROLCUSTERFLYNN4EVR 2 years ago
It would be delicious to see Brooksley Born grill the crook Greenspan.
Relugus 2 years ago
This guy can't even speak a full sentence; he's running the economy. Well, that's America for you!
joneselius 2 years ago 2
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tbackes 2 years ago
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stevenzeluck 2 years ago
Has nothing to do with Jews.
stevenzeluck 2 years ago
supposedly they control alot of us foreign & domestic policy, create wars abroad and are about robbing the us taxpayer. Thats my understanding of it, there maybe more to it than that.
toddw14 2 years ago
i want there address....muhaha
tbackes 2 years ago
Oh, and they are usually pedophiles....
marypoppins2009 2 years ago
These guys are all sociopaths....which is the 'manipulator, the liar, lack of ethics, bad parents, no supervision as a kid, etc.".....I rest....
marypoppins2009 2 years ago
If you look up greed in the dictionary below its description you will find a photo of these parasites.
MountErrigal 2 years ago
sounds like he is talking about a toilet.."keep the plumbing clean".."let it settle" "keep it fluid"..In other words,, toxic derivatives are a lot like sewage.
marcusyizong 2 years ago 17
Lloyd Blankfein is a pathological liar.
BNPCrusade 2 years ago