Goldman Sachs CEO to receive a record bonus

Goldman Sachs CEO Lloyd Blankfein to receive record high bonuses, it is estimated that he will receive $100 million dollars; in 2007 he received $67 million dollars. Goldman Sachs faces possible political storm over their decision to reward Blankfein and others with these bonuses. Is it possible there might be a bonus cap put on Wall Street executives now?

http://www.youtube.com/watch?v=WCGROWEVbcY

Goldman Sachs boss says banks do "God's work"

http://www.reuters.com/article/newsOne/idUSTRE5A719520091108

The chief executive of Goldman Sachs, Lloyd Bankfein, which has attracted widespread media attention over the size of its staff bonuses, believes banks serve a social purpose and are doing "God's work."[!]
In an interview with London's Sunday Times newspaper, Lloyd Blankfein also said he believed big profits and bonuses at banks were a sign that the world economy was recovering.[!!]
"We help companies to grow by helping them to raise capital. Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and more wealth. We have a social purpose,"[!!!] he told the paper.
The dominant Wall Street bank posted third-quarter earnings of $3 billion and plans to hand out more than $20 billion in year-end bonuses.[!!!!]

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Obama Forces Smash Israeli Spy Ring Responsible For 9/11 & $18 Trillion Theft

http://www.whatdoesitmean.com/index1257.htm

by Sorcha Faal
FSB reports circulating in the Kremlin today[July 24, 2009] are reporting that forces loyal to President Barack Obama have begun their long awaited crackdown on the vast Israeli spy network operating in the United States that American Intelligence Officials have long blamed for the financing of the September 11, 2001 attacks upon their country and the massive theft of over $18 Trillion.
According to these reports, and which have been confirmed by Western news sources, US Federal Police Forces have arrested the leader of this vast Israeli spy ring who they have identified as Rabbi Saul J. Kassin[above], and who is the 87-year-old leader of the Sephardic Jewish community in the United States.

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Two Giants Emerge From Wall Street Ruins

http://www.nytimes.com/2009/07/17/business/global/17bank.html?_r=1&hp

A new order is emerging on Wall Street after the worst crisis since the Great Depression — one in which just a couple of victors are starting to tower over the handful of financial titans that used to dominate the industry.
On Thursday, JPMorgan Chase became the latest big bank to announce stellar second-quarter earnings. Its $2.7 billion profit, after record gains for Goldman Sachs, underscores how the government’s effort to halt a collapse has also set the stage for a narrowing concentration of financial power.
“One theme here is that Goldman Sachs and JPMorgan really have emerged as the winners, as the last of the survivors”
Both banks now stand astride post-bailout Wall Street, having benefited from billions of dollars in taxpayer support and cheap government financing to climb over banks that continue to struggle.
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[Old news...]
Goldman Sachs, $18 Trillion Theft and The 'Doomsday Box'

[...and a rare film -with Orson Welles!- that features a dramatic recreation of a meeting between Nikola Tesla, Industrialist J.P. Morgan and Thomas Edison, that would decide the fate and future of today's Electric Power Industry in America and the world. But what happened to Tesla? Watch!]

Goldman Sachs, $18 Trillion Theft and The 'Doomsday Box'

1. Goldman Sachs Loses Grip on Its 'Doomsday Machine'.
http://www.bloomberg.com/apps/news?pid=20601039&sid=aFeyqdzYcizc

Sergey Aleynikov, 39, a former Goldman Sachs computer programmer, was arrested on theft charges, July 3, as he stepped off a flight at Liberty International Airport in Newark, New Jersey. That was two days after Goldman told the government he[Aleynikov] had stolen its secret, rapid-fire, stock and commodities trading software['Doomsday Box'], in early June, during his last week as a Goldman employee. Prosecutors say Aleynikov uploaded the program code to an unidentified Web site server in Germany.
[...]
The prosecutor also dropped this bombshell: “The bank has raised the possibility that there is a danger that somebody who knows how to use this program could use it to manipulate markets in unfair ways.”[What???]
[...]
All this leaves us to wonder: Did Goldman really tell the government its high-speed, high-volume, algorithmic-trading program can be used to manipulate markets in unfair ways, as Assistant U.S. Attorney Joseph Facciponti said? And shouldn’t Goldman’s bosses be worried this revelation may cause lots of people to start hypothesizing aloud about whether Goldman Sachs itself might have misused this program? [What's been implied here is tremendous!]

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2. Massive $18 Trillion Theft Of US Funds By Israeli Backed Network.
http://www.whatdoesitmean.com/index1249.htm

A stunning FSB report circulating in the Kremlin today states that the largest theft in World history has been engineered by the Israeli Security Agency (ISA) under the direction of current Israeli Prime Minister -Benjamin Netanyahu, Australian media oligarch -Rupert Murdoch and the US investment bank giant -Goldman Sachs who have stolen from the American mutual and pension fund account holders over $18 Trillion through a device known as the “Doomsday box”.
[...]
These reports have come to light since last weeks arrest of a Mossad agent named Sergey Aleynikov by the United States; who, these reports say, stole from Goldman Sachs the most “complex and secretive stock manipulating programme ever created” and turned it over to Tzipi Livni, who in turn then gave copies of it to Russia, China and Germany.
Western news reports on the arrest of Aleynikov state that upon learning of the theft of their “Doomsday Box”, Goldman Sachs ordered the US Government to arrest him, but as noted by the Bloomberg News Service, “what was Goldman doing with this programme to begin with”?
[...]
The power that ISA-led Goldman Sachs bank has had over the US -stealing nearly the entire wealth of that Nation- has been devastatingly detailed by the Rolling Stone Magazine News Service in their report titled “The Great American Bubble Machine: How Goldman Sachs Has Engineered Every Major Market Manipulation Since The Great Depression”.

http://www.whatdoesitmean.com/index1249.htm

3. The Great American Bubble Machine.
The Great American Bubble Machine -Goldman-Sachs and the crash

4. Rogue Algorithms And Other Mutually Assured Destruction Program Trading Alternatives.
http://www.zerohedge.com/article/rogue-algorithms-and-other-mutually-assured-desturction-program-trading-alternatives

Why Institutional Investors Should Be Concerned About High Frequency Traders(HFT)
There’s a lot to worry about.
_HFTs provide low quality liquidity.
_HFT volume can generate false trading signals.
_HFT computer servers are faster than other trading systems.
Because most HFT servers are co-located at exchanges, they can beat out institutional or retail orders, causing them to pay more or sell for less than they should have for a stock.
Then there are the “what if” problems that could be created by HFTs.
_What if a regulation like the uptick rule were enacted?
Volumes could implode and stocks that appeared highly liquid could become extremely difficult to trade with wide spreads and no depth in the quote.
_What if a “rogue” algorithm entered the market?
Many HFTs are hedge funds that enter their orders into the market through a “sponsored access” arrangement with a broker. Many of these arrangements do not have any pre-trade risk controls since these clients demand the fastest speed. Due to the fully electronic nature of the equity markets today, one keypunch error could wreak havoc.
Nothing would be able to stop a market destroying order once the button was pressed.

Gives new meaning to the term “mutually assured destruction”

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