Truemors
is reporting from
Member
NP Rank:
NP Rank:
Goldman Sachs' Vice Chairman is State Department's undersecretary
Share:
by Maireid Sullivan | July 22, 2009 at 04:57 pm
201 views | 24 Recommendations | 2 comments
Videos
Max Keiser takes offense to Goldman Sachs story (pt1 of 2)
sourced by Maireid Sullivan
In the latest promotion of "strategic and economic dialogue" designed to export the American system of neo-classical economics, based on land speculation and 18-year real estate boom-bust cycles, followed by bailouts, this time around, the transfer of nearly 1/3 of the US economy into private hands, the Obama administration has appointed one of the most experienced practitioners of this system, Goldman Sachs Group Inc. Vice Chairman Robert Hormats, to the job of State Department undersecretary for economic, energy, and agricultural affairs. According to the Wall Street Journal report, "Mr. Hormats will play a central role in managing Washington's "strategic and economic dialogue" with Beijing, –a diplomatic exchange overseen by Mrs. Clinton and Treasury Secretary Timothy Geithner."
http://online.wsj.com/article/SB124788062989961233.html
Is this Goldman Sachs' reward for helping the federal government "deliver $4.7 trillion, to help the financial sector through its crisis, a watchdog report said Monday. Under the worst of circumstances, the report said, the government's maximum exposure could total nearly $24 trillion, or $80,000 for every American." http://www.msnbc.msn.com/id/32010841/ns/business-us_business/
Financial terrorism!
In a French television appearance, Max Keiser predicted that the next major banking crisis will occur within six months, the dollar is not a credible world currency and that Goldman Sachs' actions amount to ' financial terrorism '.
The following clips show Max Keiser in action ~ it's only about 12 minutes total but it's more than worth your time ~ and then read the New Yorkers satirical gem Goldman Sachs Internal Memo, posted to NowPublic, here.
Max Keiser Takes Offense To Goldman Sachs (pt 1 of 2)
http://www.youtube.com/watch?v=VSwWy4E6I04
Max Keiser Takes Offense To Goldman Sachs (pt 2 of 2)
http://www.youtube.com/watch?v=ZoQrYa_NKQQ
By JAY SOLOMON
WASHINGTON -- The Obama administration picked Goldman Sachs Group Inc. Vice Chairman Robert Hormats to be the State Department's undersecretary for economic, energy and agricultural affairs, the White House announced Friday.
Mr. Hormats, if confirmed by the Senate, will buttress Secretary of State Hillary Clinton's campaign to use economic, trade and environmental issues to redefine Washington's relationship with nations such as China, India and Russia, said administration officials.
Mr. Hormats also will play a central role in managing Washington's "strategic and economic dialogue" with Beijing, a diplomatic exchange overseen by Mrs. Clinton and Treasury Secretary Timothy Geithner. The first Obama administration U.S.-China dialogue is slated for this month in Washington, according to the State Department.
Mr. Hormats "will be key in Secretary Clinton's efforts to bring more visibility to the work of the department on economic matters," a senior U.S. official said Friday.
Mr. Hormats said he couldn't comment -- standard practice for nominees before and during the confirmation process.
Before joining Goldman Sachs, Mr. Hormats had a career in public service, holding posts in Republican and Democratic administrations.
He served during the 1970s as an economic adviser in the White House to former national security adviser Zbigniew Brzezinski. Mr. Hormats helped to manage the Nixon administration's opening of diplomatic relations with China's communist government.
Write to Jay Solomon at jay.solomon@wsj.com
What is NowPublic?
NowPublic lets people work together to cover news events around the world.
Crowd Power
Maireid Sullivan
Melbourne, Australia
Related Stories
Recommendations (24)
Roy C
Vancouver, Washington, United States
Rhonda J Mangus
North Tonawanda, New York, United States
QueensHart
boston, USA., United States
Amy Judd
Vancouver, Canada
Most RecentMost Recommended Comments (2)
at 17:26 on July 22nd, 2009
Goldman Sachs owns the regulatory apparatus of Washington that is supposed to control Wall Street, not the other way around, called "regulatory capture".
Thanks for the posting.
at 17:59 on July 22nd, 2009
Thanks for the insight, Roy C. It is interesting to note the chairman's "qualifications" –and amazing that this continues to go on right under our noses. Unstoppable!