How Does Your To-Do List Compare to That of the Goldman Sachs Spokesperson?

Apparently this was found in the trash outside of 85 Broad:

Courtesy of Reformed Broker via Clusterstock. What we really want to know is why "Imbed tracking chips in 1.2 billion Indians" not on the list? Sphere: Related Content

Wild Speculation Wednesday: Ernst & Young Big Brother Edition

Because we don't feel like we spread enough paranoid delusional theories here, we're sharing this post we found at RevolutionRadio.org:

It is surely the biggest Big Brother project yet conceived. India is to issue each of its 1.2 billion citizens, millions of whom live in remote villages and possess no documentary proof of existence, with cyber-age biometric identity cards. The Government in Delhi recently created the Unique Identification Authority, a new state department charged with the task of assigning every living Indian an exclusive number. It will also be responsible for gathering and electronically storing their personal details, at a predicted cost of at least £3 billion.

What's even better is that an Ernst & Young partner worked on one of the pilot "schemes" as the Times Online puts it. So obviously this causes us to speculate about the following:

1. How involved is E&Y in this current plan to identify every single human being in India?
2. Will they also secretly somehow implant tracking chips by issuing 10-key calculators to every person when the cards are issued?
3. Will the Two-Minute Hate be directed at the other Big 4 firms?
4. And the most obvious question: How is Goldman Sachs involved?

India to issue all 1.2 billion citizens with biometric ID cards [Times Online]

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Tell Us How You Really Feel: Goldman Sachs/Tim Geithner Conspiracy Edition

We'd like to give Maxine Waters credit for spawning the whole Goldman Sachs-running the universe conspiracy theory but we simply can't give her credit for a number of reasons that we won't get into here (okay, one: she's incapable of forming a coherent sentence).

Matt Taibbi is getting lots of attention for his "vampire squid on the face of America" analogy etc. etc. Hyperbole? Poss.

But when you have old Reagan soldiers calling you out...hard to say...is thing gaining real traction? Is Maxine Waters a benefactor of "better to be lucky than good"? We won't believe it...

Former US Assistant Secretary Of The Treasury: "Geithner Works For Goldman" [Zero Hedge] Sphere: Related Content

KPMG Might Be Trying to Pick a Fight

The Radio Station came out with some fighting words in a report entitled, Focus on Transparency, regarding banks and how they haven't quit sucking at financial reporting.

They didn't waste their time naming measly players either. To wit:

"Investment banks, including Goldman Sachs (NYSE:GS) and Barclays Capital (LON:BARC) were in particular accused of inventing schemes to reduce their capital costs in the latest sign that financial market innovation is far from dead."

Color us shocked if Goldman and Barclays give a rat crap what the House of Klynveld thinks about their reporting but we suppose ten points can go to them for calling out some heavy hitters.

KPMG slams bank annual reporting [Director of Finance Online]

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Links 4/15/2009 - Happy Tax Day!

Yeah. Good luck with that. [Zero Hedge]

I've got believe this is grounded in some truth. Practice makes perfect! [The Onion]

I itemized for the first time every in 2008 and it was because I paid so much tax to NYS and NYC [Zero Hedge]

Bernie Madoff's auditor may have a fan. Or at least a sympathizer. [Skeptical CPA] Sphere: Related Content

Back and to the Left...

You may remember me commenting on the anger in many circles about the funds that counterparties to the AIG credit default swaps were receiving. My basic point was that not just anyone was investing in these things. Contrary to popular belief (i.e. Congress), there are plenty of people that work at investment banks that know what the hell they're doing

Dealbreaker expands on this subject by stating that conspiracies theories spring up like mariujuana plants in a Santa Cruz closet when "AIG" is added to any otherwise normal settlement of these derivatives.

In other words, Goldman Sachs is making money hand over fist on the unwinding of these transactions with hedge funds but once AIG gets dropped in as the writer, the second gunman on the grassy knoll theories start coming out (including, as DB notes, Zero Hedge, read here).

The whole point is, when AIG starting unwinding these CDS's with taxpayer money, said money went to banks (JPM, BoA, GS, etc.). Does it suck? Of course but I'm not sure if deserves the Maxine Waters conspiracy theory treatment. Sphere: Related Content

FROM THE NOT-SO-SURPRISING DEPARTMENT: Maxine Waters Doesn't Make a Damn Bit of Sense

Maxine Waters is doing her constituents proud again today folks. In today's version of AIG crucifixion, she's throwing out the whole Goldman Sachs conspiracy theory as it relates to the eventual dismantling of the entire economy so that GS can be the supreme ruler of the universe. This is sure to fly with the likes of T. Geith and Ben.

Can't BFrank put a stop her batshit insane rambling? I mean, the 5 minutes (or wtf it is) allotted to each member of the subcommittee is one thing but if a committee member can't form a clear and coherent question that is of some relevance to the hearing in under 30 seconds, the chairperson should have the power to call a forfeit for the rest of the time and the cost to the taxpayers of said time should be tracked. Maxine Waters (and reps like this) have clearly done more damage to the poor saps at CSPAN than can possibly be quantified.

Maxine Waters Puts On Her Goldman Sachs Conspiracy Hat [Clusterstock via Daily Intel] Sphere: Related Content

How Does That Make You Feel Goldman Sachs?

Some idealistic journalist from The Guardian who thinks that corporations (especially banks) have consciences put forward the most hilarious line of question to the Goldman CFO re: Goldman's ass-raping of AIG by calling in collateral (which they were contractually obligated to, btw) on CDS's.

Guardian Reporter Would Like To Know If Goldman Sachs Is Racked With Guilt Over AIG [Dealbreaker] Sphere: Related Content