20/09/2011

Is Goldman Sachs Telegraphing the September 21 FOMC results?

By John Galt September 20, 2011 – 23:00 ET Is the Vampire Squid telling us the results of 2011’s FOMC meetings? The term is not mine, it’s the term of affection assigned by Matt Taibbi in his Rolling Stone piece “The Great American Bubble Machine” where in his April 2010 the case was made that Goldman Sachs, aka one of the two largest shareholders in the Federal Reserve, was preparing to inflate one more bubble to profit on the backs of American citizens. Of course the worst part of the situation…



If Siemens did Transfer funds from French banks, they are NOT the only ones

By John Galt September 20, 2011 – 05:05 ET A report from this morning’s Financial Times speaks volumes about the France’s major banks: Siemens shelters up to €6bn at ECB (registration required to read the article in full) The bottom line to the story is not the rampant denials by the major banks in France this morning but the validation of rumors in the markets and blogosphere of either a or some major French banks having financial difficulty. This story from the FT seems to indicate that the marriage to the…


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