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Washington Examiner: Goldman Sachs could be worse than Enron for Obama

The deep financial connections between Goldman Sachs and the Democratic Party have been well publicized, but this report puts them in a relevant perspective:

President Bush's connections to Enron were well-hyped during the company's accounting debacle that rippled through the economy. Time magazine even had an article called, "Bush's Enron Problem." The Associated Press ran with the headline, "Bush-backing Enron makes big money off crisis." David Callaway wrote that Enron for Bush was worse than Whitewater for Clinton.

In 2002, the New York Times wrote: "President Bush is seeking to play down his relationship with Enron's embattled chairman, Kenneth L. Lay. But their ties are broad and deep and go back many years, and the relationship has been beneficial to both." (h/t Lachlan Markey)

But the mere $151,722.42 (inflation adjusted) in contributions from Enron-affiliated executives, employees, and PACs to Bush hardly add up to Obama's $1,007,370.85 (inflation adjusted) from Goldman-affiliated executives and employees. That's also not taking into account how much Goldman contributed to Obama cabinet member Hillary Clinton ($415,595.63 inflation adjusted), which was itself almost three times as much as Bush received as well.

It would be fair to say that the total amount the Obama administration has received from those affiliated with Goldman Sachs is ten times that of what Bush received from Enron.

All that appears to be missing is a pet name for Goldman CEO Lloyd Blankfein. And check this out:

Politico quoted a Goldman lobbyist Monday saying, "We're not against regulation. We're for regulation. We partner with regulators." At least three times in Goldman's conference call Tuesday, spokesmen trumpeted the firm's support for more federal control.

It's called "crony capitalism". Fat cats who can afford to bribe the government make out like bandits, while at the same time squeezing out less powerful competitors.

Small to medium sized investors and investment firms will likely end up taking the brunt of new financial market regulations, while financial powerhouses like Goldman Sachs will have their seat at the head of the investment table permanently secured.

Remind me again which political party is supposed to always favor big business?
_______________________________________________

More on Obama's Goldman Sachs cronys from Michelle Malkin.

There's also this, from Prof. William Jacobson:

As tempting as it is to say "to hell with Goldman Sachs," remember the saying about "first they came for ...."

Goldman is not the first they came for. This administration already has emasculated the entire private health insurance industry, brought the health of hundreds of millions of people under its regulatory control through Obamacare, and demonized as racists and extremists law-abiding patriotic Americans who spoke out for individual freedom and constitutional federalism.

The pharmaceutical industry was evil until it cut a deal and bought advertising in support of Obamacare, and doctors were greedy -- as they performed unnecessary surgeries so they could bill more -- until the AMA joined the Obama chorus. One center of power after another fell in line in the year-long push for Obamacare.

If the administration gets its way on cap-and-trade, the government will control through regulation virtually all industry through industry's lifeblood, the consumption of carbon-based energy.

State autonomy also is dwindling, and those who point out that the federal government is limited to enumerated powers are derided as "Tenthers."

There are few remaining entities which can stand up to the overweening encroachment of the federal government.

Taking down the leading, and in many ways last remaining, Wall Street powerhouse will remove yet another center of private industry power.

The serial removal of centers of power outside the federal government in Washington, D.C. is a worrisome trend which becomes more difficult to reverse as the dominoes fall.

Don't wish too hard for the demise of Goldman Sachs. Because Goldman Sachs is not the end game.


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Comments (50)

Goldman Sachs could be w... (Below threshold)
Adrian Browne:

Goldman Sachs could be worse than Enron for Obama

Best headline ever!

Enron also supported the Cl... (Below threshold)
Stan:

Enron also supported the Clintoons in large campaign contributions, but the lamestream media never reported that. Enron had made a deal with the Clintoons to lay an oil pipeline through Afghanistan, before the Monica thing hit the fan.

The only reason that George W Bush got tarred with Enron was that Enron was headquartered in Texas, so that made good propaganda copy for the lamestream media. The Enron mess started before Bush was in office and came to a head after Bush became President.

Well, what Obama has going ... (Below threshold)
DaveD:

Well, what Obama has going for him is the smoke-screen of proposed legislation to "reform" the financial sector of our economy. I figure Obama is going to be pictured as proactive as opposed to the way Bush was treated. For healthcare they were trying to trot out as many sobs stories of people dying while "desperately" waiting for healthcare reform. Now we have a scandal with a humongous, only interested in profits investment firm just when a finance reform bill is being discussed. The Obama administration will continue to take us for stupid as long as we accept that role and make it easy for them. I guess they could reform education next but doing a good job at educating our young people might make them begin to think for themselves and those sorts tend not to buy in so readily to being treated this way and could even become tea-partiers which, as you know, make Captain Marvelous a bit testy.

Smoke screen is right, Dave... (Below threshold)
bobdog:

Smoke screen is right, DaveD. I don't know how we survived this long, if it wasn't for Congress to rescue us half a dozen times in the past year. Life as we know it would be OVER.

The stimulus bill used Henny Penny stories about to "looming economic disaster" that only massive public spending on Democrat pork programs, including timing the flood of money to coincide with the fall elections. Thank God for Obama.

General Motors and Chrysler were "too big to fail" and a "looming disaster" that only massive public spending on union paybacks could prevent. Thank God for Obama.

Cap and Trade will be justified based on hysterical claims that the world will come to an end by next Tuesday if Congress doesn't save us in the nick of time with yet another massive spending and tax program. Thank God for Obama.

There will be a similar smoke screen next winter about deficit reduction by laying responsibility for recommending a major tax increase off on a Commission. Only a major infusion of revenue can rescue us from economic disaster caused by...Bush or something.

The problems for the presid... (Below threshold)
Jeff Blogworthy:

The problems for the presidency are what the propagandists define them to be. Facts do not matter. Government bureaucrats pretend to be shocked, immediately set about 'fixing' the problem and patting themselves on the back while the media applauds. That is already the narrative. Those who know the truth are few.

remember how Bush got spook... (Below threshold)

remember how Bush got spooked by the Enron-related criticism into backing the ridiculous Sarbanes-Oxley legislation... and the campaign finance restrictions.

Can't wait to see how Obama responds to this by proposing even more anti-business legislation. The Washington Post front page story was of GOP Senators backing off their criticism of the Dodd bill because of the Goldman furor... as if one has anything to do with the other!

Goldman Sachs coul... (Below threshold)
Goldman Sachs could be worse than Enron for Obama
You mean if the MSM doesn't collectively chose to ignore it.
The only reason that the cu... (Below threshold)
Stan:

The only reason that the current corrupt administration is going after Goldman Sachs, is that Goldman refused to pony up another kickback to the Obamaites. Call them campaign contributions, but we all know what they really are. Obama is really after total control of the United States government and industry that makes the economy grow. Just watch, when stuff comes out how the Dems are getting kickbacks, the SEC and the lamestream media will quietly drop the witch hunt.

I vote Democrat because the... (Below threshold)

I vote Democrat because they only take bribes from good corporate fatcats (defined as, corporate fatcats who give to Democrats).

Won't mean a thing to obama... (Below threshold)
jim m:

Won't mean a thing to obama. The Global Com scandal was far worse than Enron. Clinton Admin officials like Terry McAuliffe were in it up to their ears and nothing was said about the dem connections in the media.

Maybe it will be different with the internet today, but the fact is that with the MSM embargoing anything remotely negative about this administration it is unlikely that obama will feel any negatives from this.

The only reason tha... (Below threshold)
SteveP:

The only reason that the current corrupt administration is going after Goldman Sachs, is that Goldman refused to pony up another kickback to the Obamaites. Call them campaign contributions, but we all know what they really are. Obama is really after total control of the United States government and industry that makes the economy grow. Just watch, when stuff comes out how the Dems are getting kickbacks, the SEC and the lamestream media will quietly drop the witch hunt.

Do you realize, Stan, that there isn't an ounce of truth in anything you said here. This is all just your opinion, unsubstantiated.

If you think it's something else, please please provide some solid facts to back it up.

Otherwise, it's just hollow posturing. You realize that, don't you?

SteveP-I think the p... (Below threshold)
jim m:

SteveP-
I think the point of the post was that this administration has a track record of leaning on an industry until it either takes it over (GM and Chrysler, Health insurance), or it falls into line and supports obama with money and advertizing (PhRMA, AMA). Goldman Sachs is likely the start of another shakedown.

The dems didn't like the financial reporting of the consequences of Obamacare. Waxman chickened out of his inquisition, but they still want to be able to silence Wall Street. They will lean on Sachs until it either gives in or crumbles. It will then be coopted into the government stratgy for the financial industry.

We are no longer a democracy. I just hope we can find our way back in my lifetime.

Would be a delight to see ... (Below threshold)
914:

Would be a delight to see the dems have their corruption come home to roost as they are frog marched into a jail wagon.


This attacking Goldman Sack... (Below threshold)
Hank:

This attacking Goldman Sacks seems like a manufactured "crisis" to me. All with the full support of GS.

It's interesting to note that Greg Craig went to GS when he left the white house. It should also be noted that one of Goldman's lobbyists is Dick Gephardt. (This from Power Line).

The fact that Obama (and other dems) received so much money from GS will be downplayed by the MSM. Really, if it isn't reported by the MSM, did it really happen?

The fact that Obam... (Below threshold)
jim m:
The fact that Obama (and other dems) received so much money from GS will be downplayed by the MSM. Really, if it isn't reported by the MSM, did it really happen?

As far as the left is concerned, no it did not. After all, it isn't whether what you did was right or wrong, but whether they can put you in jail for it that matters to the left.

If they can duck out of the blame they think that it's OK.

The only reason th... (Below threshold)
hcddbz:
The only reason that the current corrupt administration is going after Goldman Sachs, is that Goldman refused to pony up another kickback to the Obamaites.
Not Kick backs it was TARP paybacks.

BHO went after GS to teach them a a little bit of respect . Goldman Sach is know as the Marines of Wall Street. You got a tough problem and you want it handled send in GS. Case S. Korea almost when bankrupt was was called into advice them? You need M &A and want it successful call GS. Citigroup was removed from Japan GS never was. So Goldman has worked very hard over it over 150 years to cultivate reputation and it looked on as one of great assets. Even when it was private firm people knew about GS and respected and would take VP and officers because the firm had proven it handle itself. Which why D or R you either have a GS on staff or as an advisor.

When BHO and company started to make demands on the firms that had taken TARP GS was the first firm to over to pay TARP back. The administration tried several method to delay this. GS fought and won and paid back the Government with interest. This lead to the other firms paying back the TARP funds. This resulted in a lose of control of the banks. Not only that but it highlighted the companies that did not pay the money back, GM, Chrysler and FM/FM. So the administration decided to give them a Gut check. Announce something damaging to their reputation during earning season and provide an example of Evil Wall Street to push FR.

Goldman supports to FR bill so this was done to reminded them to do as the Cesar says every time and no more acting in firm interest just the interest of the party.

The German government and t... (Below threshold)
Adrian Browne:

The German government and the British governments are investigating Goldman Sachs as well. Are they must part of the anti-Tea Party/anti-Republican conspiracy too?

Considering all the high cr... (Below threshold)
914:

Considering all the high crimes and misdemeanors the dems get a pass on, It seems about the only way they can get charged for anything is if they vote with conservatives on a bill, switch parties or are linked to the KKK?

Wait....Scratch that last one.

#17Adrian, what th... (Below threshold)
914:

#17

Adrian, what the hell are you talking about? Are You a shill for chrissy matthews or what?

Dont answer that.

Adrian Brown The... (Below threshold)
hcddbz:

Adrian Brown

The thing about creating a scapegoat is that everyone can use them. PM Brown is on political life support. Using an American Banks and blaming them for everything is tailor made. Brown created the Financial Services Authority which would be the ones doing the investigation. This he leverage to his benefit. the FSA is an EU agency that would need work with the regional Government agencies similar to our SEC in each of these countries.

So RBS lost ~800 million and the IKB in Germany lost 150 million.
However both of these entities are supposedly sophisticated traders who should have been able to manage risk and perform all due diligence to fulfill the fiduciary responsibility to their investors to manage risk. By the nature of these interments someone has to short them.

We are now on the slippery slope this goes through it may open the gates for everyone around the world. just like BHO did not see companies announcing a Billions of dollars in lost because of health care.

iinterments =nstruments <br... (Below threshold)
hcddbz:

iinterments =nstruments

wake us up when it makes mo... (Below threshold)

wake us up when it makes more headlines than Michelle Malkin and the Washington Examiner

I cannot look at Obama anym... (Below threshold)
Donna B:

I cannot look at Obama anymore without becoming physically nauseous. I change the station or hit the mute button when he appears on T.V. He is truly a "Liar, Liar, Pants on Fire."
Recommended reading for an intelligent analysis of obama: pajamasmedia.com/rogerkimbell/2010/04/19/humor-vs-contempt

What always puzzles me is w... (Below threshold)
John:

What always puzzles me is why GWB has Enron hung around his neck, didn't his justice department prosecute the big wigs and land them in federal prison? Lot a good their political donations did them.

Well, all that needs to hap... (Below threshold)
Tsar Nicholas II:

Well, all that needs to happen is for the Washington Examiner's readership to increase overnight by, oh, say, 1,000%, and then maybe Obama will get a tad worried.

Vaguely related to this thr... (Below threshold)
epador:

Vaguely related to this thread:

For some reason I had a vision of DC Douglas, AKA Lance Baxter, AKA The VoiceOverGuy doing a commercial for the Tea Party as punishment for his threatening phone message with a video of Wall Street and GMC exec's carrying big bags of money saying:

"Thats all the money you could save if you vote for Palin."

Gibbs just promenaded out a... (Below threshold)
Gmac:

Gibbs just promenaded out and announced that not one red cent was going to be returned.

Just because it's not mentioned in the MSM or dead tree media doesn't mean people will not learn about who took what. Its just another nail in their collective coffin.

"Lot a good their polit... (Below threshold)
914:

"Lot a good their political donations did them."


Yeah really,

Turned out doing well for the dems though as they had two to 3x the donations from Jacky Abramhoff and they now are in power til November. heh!

I'm not sure the relationsh... (Below threshold)
Tina S:

I'm not sure the relationship between Goldman Sachs and Obama was the same as between Enron and the Bush administration. George Bush and Kenneth Lay were friends and Bush frequently rode on Ken Lay's jet during the 2000 president campaign. In addition Cheney was publically defending Enron against price fixing up until documents were released proving they were price fixing.

Oops! Sorry dems, I got the... (Below threshold)
914:

Oops! Sorry dems, I got the wrong corrupt official mixed up with you all.. Hard to keep track with all the slime going around.

Anyways dont worry, the charges never stick to you dems and your in power so make the most of it until november.

So that damn evil Cheney di... (Below threshold)
John:

So that damn evil Cheney didn't hang a noose around Ken Lay's neck until the facts came in shame on him. The bottom line is that Enron pulled all it's crap on Clinton's watch and the execs went to jail under the Bush Justice Dept, words and deeds.

Goldman is just a diversion... (Below threshold)
Jim Addison:

Goldman is just a diversion. There isn't enough of a case against them to take to court, they will "settle" for a nominal fine after this brouhaha gives cover for the dictatorial powers Obama is trying to grab.

Under financial "reform" as proposed by the Democrats, Obama will have a $50 billion slush fund he can use to take over "troubled" (as he and only he defines the term, without congressional review or approval) institutions and administer them as he sees fit. It's a mammoth power grab.

It's getting to the point where Democrats don't even pretend to anything but Marxists (although they still shy away from the label - but give Comrade Barry time).

So that damn evil Cheney... (Below threshold)
Tina S:

So that damn evil Cheney didn't hang a noose around Ken Lay's neck until the facts came in shame on him.

John, Cheneys actions went beyond waiting until the facts came out. Cheney acted to prevent the facts from coming out by opposing an investigation. While small businesses were going under one after the other in California, accusations were growing that Enron was involved in price fixing. California wanted Enron to be investigated. Cheney publically defended Enron and blamed the problems on California.

Jim Addison, so Goldman Sac... (Below threshold)
Steve Crickmore:

Jim Addison, so Goldman Sachs gave hordes of money to the Marxist
Democrats, now the friend of Wall Street, to allow continue to GS to gorge themselves on windfall bonuses, rather than to the Republicans.

Is Wizbang for financial reform or against it?
Probably against it, since Wizbang's incoherent anti-incumbent political philosphy can be summed up in Marlon Brando's retort in 'The Wild One' to what are you rebelling against ...."whadyafor?".

You people just can't wrap ... (Below threshold)
SteveP:

You people just can't wrap your head around this. Obama is doing the bidding of the majority of his donors.

Know who they are? Regular people.

Unlike Bush (and his father) who sold government out to the highest corporate bidder, brought these same companies in to design legislation that benefitted them (credit card companies on bankruptsy legislation) and even went so far as to approve the sale of our ports to a Dubai company, Obama actually has someone other than the top 1% in mind.

Really hard for you to believe. Must be why you're supporting those who f'd you. It's a stupid, ignorant strategy. Your republican reps look like souless hogs defending these companies over financial reform and you STILL seem to believe that it's all, somehow, Obama's fault that Wall Street riches plummeted (oh. sorry. We're up from 6000 to around 11,000 in the stock market since he's been in office). You live in a fantasy world. The rest of us are aware of that and roll our eyes at you. You, defiantly, continue to embarrass yourselves.

Losers. Get a grip.

There's such hatred in Stev... (Below threshold)
_Mike_:

There's such hatred in SteveP's post. It's truly disturbing to see how much anger the Left has when confronted with their corruption. Hopefully, the anger and hatred Obama's minions, like SteveP, will not end up getting someone hurt, but I guess that's what happens when the 20 percent-ers' delusions collide with reality. (/mock)

I love Tina S. descriptive ... (Below threshold)
WildWillie:

I love Tina S. descriptive use of the language to put the relationship of Enron to the Bush Administration to those of Sachs and Obama. It would seem in Tina's world it isn't apples and apples. In a way, she is correct except that what the dems (and Tina S) accused Bush of Obama actually did. As someone above already said, Bush prosecuted Lay. Tina and the democrats words do not match the actions. ww

Tina I thought Cheney was i... (Below threshold)
John:

Tina I thought Cheney was in charge if he didn't want the facts to come out how did they come out. I also don't see any proof of your alegation, but I can prove the the Bush justice department put the crooks in jail.

Do any of you libs know who... (Below threshold)
Stan:

Do any of you libs know who the principle author of the Sarbanes/Oxley law is or even if anyone knows what the law states? The one where the corporations have to report any major changes to their bottom line? Well it was the brainchild of Paul Sarbanes, a Democrat from Maryland, who thought by making corporations report every thing they made in each quarter of the calender year. For those that live in Rio Linda (thanks Rush), here is an explanation of the law. http://www.soxlaw.com/ This also the law that Henry Waxman forgot about when he was trying to get a witch hunt going against AT&T, Caterpillar, John Deere and others that were following the law. Well Goldman Sachs also has to follow this law and that has the Dems running around with their panties or skivvies in a huge wad.

SteveP,Actually we... (Below threshold)
jim m:

SteveP,

Actually we do not know who obama's donors are. He deliberately disabled the standard fraud protections on his credit card donation sites. WE do not know who the donations were from. Many were from overseas, but we cannot verify the actual donors.

Obama chose to allow fraud so he could get more money. Hell, they advertised that they were using a lax security system!

SteveP.You do not ... (Below threshold)
hcddbz:

SteveP.

You do not get it. Who is one of the supporters of the finical Reform bill? Goldman Sachs. That is why this is all a Kabuki Theater.
1. SEC has never brought a case against a company that lost money in a deal. If anything they would be looking at Paulson.
2. Goldman Sachs paid back all the Tarp money with interest . However BHO want to use that money that we returned for other things instead of giving back the money to the American People. So the calls for paying back money is completely false.
3. BHO was upset that the money was paid back.

This is about power . This is about power and freedom. The more power they consolidate in Washington the less freedom we have.

This bill creates a 50 billion dollar slush fund which the President can use to take over any company he see fit.

Some banks like it because ti reminds them of Long Term Capital which the Wall Street Banks bailed out. So on the surface a fund to do this seems good. However it would allow for very risk behavior because companies thing they have safety net.
Second it eliminates all due process and makes companies subject to executive whims.

I want true Finical reforms:
Elimination of CRA
Sunset of FM/FM within 5 years
Full oversight of the FED.
Mandatory bankruptcy instead bail out of any company that fails and full
Elimination of affordable housing rules that do not meet sound lending standards .
Prosecution of any company that created mortgages that were fraudulent.
Prosecution of anyone who submit false paperwork on mortgage applications.
repeal of SOX


Stan,The libs don'... (Below threshold)
jim m:

Stan,

The libs don't know about Sarbanes-Oxley. They don't care. Rules are not made for the dems to follow. Obama is above and beyond complying with rules. Their agenda is far more important and cannot be allowed to be stalled or scuttled because of some law that was made to punish the conservatives or 'big business'.

The laws were made for the enemy as far as they are concerned. The dems are as pure as the driven snow. They don't need to follow the law because their motives are so pure and their aims are so important. Legality and the constitution are nice, but if they get in the way achieving their ideological goals is far more important to them.

It'll be a bloodbath when t... (Below threshold)
Scrapiron:

It'll be a bloodbath when the rich finally figure out that O'Dumbo will take their entire wealth as soon as he locks up the power. Non of the rich and powerful will have a pot to p*** in nor a window to throw it out of. Maybe it will serve them right. Pol Pot will look like a piker compared to the number of bodies O'Dumbo will bury before someone drops a grenade down his pants.

Ha ha ah aha aha ha ah ah a... (Below threshold)
914:

Ha ha ah aha aha ha ah ah aha.

The bomb has been planted

"This bill creates a 50 bil... (Below threshold)
914:

"This bill creates a 50 billion dollar slush fund which the President can use to take over any company he see fit."


Well seeing as his pompous ass is seeing fit to take over all of AMERICA, His pompous ass is going to get a thorough ass whippin in NOVEMBER


Guaran assssss teed...

And I dont need no teleprompter to rehearse it.

"Washington Examiner: Go... (Below threshold)
914:

"Washington Examiner: Goldman Sachs could be worse than Enron for Obama"

"The Public: Capitalism and Freedom could not be more offensive to Obama."

Tina,"Cheney ac... (Below threshold)
John:

Tina,

"Cheney acted to prevent the facts from coming out by opposing an investigation."

That's called Obstruction of Justice and is against the law, are you just tossing that accusation around or do you have proof.

Cheney acted to... (Below threshold)
Cheney acted to prevent the facts from coming out by opposing an investigation.
So by "opposing" ObamaCare, could I be charged with obstructing its enactment? Tina, you're going to need more than "opposing" to turn this into a legitimate complaint.
McGhee, did you notice the ... (Below threshold)
John:

McGhee, did you notice the escalation in Tina's comments first it was

"Cheney was publically defending Enron against price fixing up until documents were released proving they were price fixing."

When I pointed out that innocent until proven guilty thing (that seems to only apply to liberals) it became:

"Cheney acted to prevent the facts from coming out by opposing an investigation."

When I pointed out that was a fairly serious allegation that probably should be proven Tina dissappeared. Odd that

I am presently in litigatio... (Below threshold)
greg:

I am presently in litigation with Fremont Reorganizing, Goldman Sachs dba Litton Loan Servicing, et al., (2 different cases) for about 2 years now. The main issue with the complaint is a fraudulent loan originated by Fremont in June 2006. This in turn produced an array of other
issues: unsigned deed of trust, over billing issues, lost payments, excessive balloon payment, back dated assignments, illegal non-judicial foreclosure documentation, missing documentation, illegally reporting to my credit, falsifying declarations, 6 week TRO's, court procedures not followed, judges wait until the courtroom is cleared to rule against a TRO (both times); retired (78 year old) judge ruled against a seated judges TRO where the retired judge took 30 minutes to read a 300 page brief. The whole time they have been ignoring my request and failing to give me the required documentation so that I can rescind the loan. Goldman Sachs dba Litton Loan Servicing has been aggressively trying to foreclose on my property. I believe to cash out for insurance reasons. (It's over a million dollar loan) I have invested over $400,000 into this property for the past 5 years and if I had known about this mortgage meltdown game played by Wall Street I would have never proceeded with this Real Estate transaction. The Media and the Government has not once addressed or helped the borrower, namely me, who also has been damaged by these defaulted CDO's.

A Time line of what's going on with Goldman Sachs to show how they are scheming to pursue foreclosures for the insurance by acquiring distressed, shelled fraudulent companies which will eventually or haven't already gone BK...

 Oct 26, 2005 Litton Loan Servicing Class Action - mishandling loans, servicing over 400,000 borrowers - case settled Feb 17, 2009 for $537 (limited due to class status)
 Feb 27, 2007 FDIC Cease and Desist - Fremont Reorganizing for illegal loan practices, et al., (largest predatory lenders who heavily solicited brokers for their schemes)
 Oct 16, 2007 Massachusetts Lawsuit vs Fremont and Goldman Sachs - Predatory Lending Practices - settled May 11, 2009 for $60 mil
 Dec 11, 2007 - Goldman Sachs Acquires Litton Loan Servicing
 June 2, 2008 Litton (Goldman Sachs) Acquires Fremont Reorganizing Servicing Rights
 June 19, 2008 Fremont Reorganizing files BK
 Apr 16, 2010 - SEC vs Goldman Sachs - Securities Fraud

Here is the link to my blog http://bushnellcomplaint.blogspot.com/ if you want to download court documents pertaining to my case.

Note: My wife is pursuing individuals who are interested in joining her in a class action lawsuit with regards to violation of her community property rights in a wrongful foreclosure. If you are in a community property state and a spouse is not on title you may have grounds for legal action.




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