NOTE: A great article from Forbes that begins to explore the underbelly of Goldman Sachs.
Did Goldman Goose Oil?
Christopher Helman and Liz Moyer
Forbes Magazine - March 25, 2009
How Goldman Sachs was at the center of the oil trading fiasco that bankrupted pipeline giant Semgroup.
When oil prices spiked last summer to $147 a barrel, the biggest corporate casualty was oil pipeline giant Semgroup Holdings, a $14 billion (sales) private firm in Tulsa, Okla. It had racked up $2.4 billion in trading losses betting that oil prices would go down, including $290 million in accounts personally managed by then chief executive Thomas Kivisto. Its short positions amounted to the equivalent of 20% of the nation's crude oil inventories. With the credit crunch eliminating any hope of meeting a $500 million margin call, Semgroup filed for bankruptcy on July 22.
But now some of the people involved in cleaning up the financial mess are suggesting that Semgroup's collapse was more than just bad judgment and worse timing. There is evidence of a malevolent hand at work: . . . read more about the dark and evil side to Goldman Sachs - Click Here
To fully comprehend the full magnitude of our global economic enslavement you must dig deeper.
ReplyDeleteThis started in 1913 with the fraudulent enactment of "The Federal Reserve Act"
Goldman Sachs and our Central Government are only pawns or overseers on this "American Plantation" which has come to be owned by a relative handful of elitist legacy families.
The economic slaves are called Democrats and Republicans at the moment. Divided and ignorant.
It is time for "American Revolution II" TP.
www.terrorpatriot.blogspot.com
This is a good listen, which may explain a few things too.
ReplyDeletehttp://www.projectcamelot.net/lindsey_williams_the_next_12_months_the_byte_show_jan_2009.mp3