Cempaka Belanda: Goldman knew it profited in crisis

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Saturday, April 24, 2010

Goldman knew it profited in crisis

CNN Money, by Mark M. Meinero, assistant managing editor, April 24, 2010: 1:59 PM ET

Goldman Sachs CEO Lloyd Blankfein attends a speech by U.S. President Barack Obama about financial regulation at Cooper Union in New York April 22, 2010. (Credit: Reuters/Natalie Behring)

NEW YORK (CNNMoney.com) -- Internal Goldman Sachs e-mails released on Capitol Hill Saturday show how the firm used bets on mortgage securities in a bid to profit as the housing market began to plummet several years ago.

A lawmaker set to grill company executives on Tuesday says the documents show that Goldman executives knew their bets would profit the firm.

But the firm said that all of the documents turned over to the panel reveal a different picture -- that the firm lost $1.2 billion in residential mortgage-backed securities in 2007 and 2008.

"Of course we didn't dodge the mortgage mess," Goldman CEO Lloyd Blankfein told company executives in an e-mail dated Nov. 18, 2007 that was released by both the committee and Goldman. "We lost money, then made more than we lost because of shorts," or trading bets aimed at profiting when a bond drops in value.

But Blankfein added: "Also, it's not over, so who knows how it will turn out ultimately."

Four Goldman exhibits were released by Sen. Carl Levin, D-Mich., who chairs the Permanent Subcommittee on Investigation of the Senate Homeland Security Committee.

The e-mails, Levin said, "show that, in fact, Goldman made a lot of money by betting against the mortgage market" and contradict the firm's claim that it was merely buying and selling securities for clients.

The dispute previews an expected showdown on Tuesday when Blankfein and other Goldman executives appear before Levin's committee.

For Goldman (GS, Fortune 500), one of Wall Street's most profitable banks, the stakes are enormous. The firm is staring down fraud charges filed April 16 by the Securities & Exchange Commission for failing to disclose conflicts in a 2007 sale of mortgage securities.

Among the other Goldman executives scheduled to testify Tuesday is Fabrice Tourre, the only individual named in the SEC lawsuit.

'We will be making some serious money'

The Blankfein e-mail was part of one of the exhibits released by the panel in advance of the hearing.

In a second exhibit, Goldman Sachs management committee member Donald Mullen, on hearing of a Moody's mortgage downgrade that would cause losses for many investors, said of the company's bets against those securities: "Sounds like we will be making some serious money."

A third exhibit released by the panel describes the impact of a wipeout of a Long Beach Mortgage Securities Corp. security by saying the "bad news" of the loss costs the firm $2.5 million, but the "good news" is that "we own protection" against the loss. "We make $5mm," meaning $5 million, the e-mail said.

The Senate committee said the fourth document, much of which has been redacted, describes a big loss in the mortgage market in July 2007.

"Tells you what might be happening to people who don't have the big short," David Viniar, Goldman's chief financial officer, said in an e-mail.

The SEC alleges that Goldman allowed Paulson & Co., a New York-based hedge fund, to help select securities in a collateralized debt obligation known as Abacus 2007-ACl, without telling other investors that Paulson was betting the CDO's value would decline.

When the value of the CDO plunged shortly after it was issued, Paulson walked away with $1 billion, while investors lost the same amount, the SEC said.

In a response Saturday to CNNMoney.com, Goldman Sachs spokesman Lucas van Praag said the firm has turned over documents showing that it did not make a significant amount of money in the mortgage market in 2007 and 2008.

"In its statement, the U.S. Senate Subcommittee has cherry-picked just four e-mails from the almost 20 million pages of documents and e-mails provided to it by Goldman Sachs," van Praag said. "It is concerning that the subcommittee seems to have reached its conclusion even before holding a hearing."

Among the documents released by Goldman was a 12-page report on risk management and the residential mortgage market prepared for the Senate hearing. Topics addressed included the accusation of dealing against some of the firm's clients.

"Goldman Sachs did not engage in some sort of massive 'bet' against our clients," the report said. "The risk management of the firm's exposures and the activities of our clients dictated the firm's overall actions, not any view of what might or might not happen to any security or market."

How credit watchdogs fueled the financial crisis

The Senate-released documents also offer a rare behind-the-scenes glimpse into Goldman's dealings with the media.

"Tomorrow's story will, of course, have 'balance' (ie stuff we don't like)," van Praag wrote in an e-mail to Blankfein and other top executives about a story due to appear in the New York Times.

"The article references the extraordinary influence GS alums have," van Praag continued in the e-mail dated Nov. 18, 2007. Several former Goldman Sachs executives have held high-level government positions -- most notably then-Treasury Secretary Henry Paulson, the former head of the firm.

Critics say that Goldman benefits from such connections to the government. The Times story, van Praag wrote, would not go "as far as suggesting that there is a credible conspiracy theory. [It] does, however, make the point that it feels like GS is running everything."

A television at the NYSE showed the effect of fraud charges on Goldman Sach’s stock price on on Friday. (AFP Photo/Getty Images)

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"Some on Wall Street forgot that behind every dollar traded or leveraged, there is a family looking to buy a house, pay for an education, open a business or save for retirement.": President Barack Obama