This morning I saw a story on how Goldman Sachs had hired a legal team to fight the author of goldmansachs666.com and I wanted to provide the link for my readers.
In 2004 as CEO of Goldman Sachs Hank Paulson lobbied the SEC to release the major investment houses from the net capital rule, the requirement that their brokerages hold reserve capital that limited their leverage and risk exposure. The complaint put forth by the investment banks was of increasingly onerous regulatory requirements. After the SEC agreed to set aside this rule, Paulson and his contemporaries levered up their institutions 40 to 1 with Mortgage-backed paper and derivatives. The rest, as we say, is history... more »
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Books
Press Release Praise for Juggling Dynamite “An explosive critique about the investment industry: provocative and well worth reading.”  –Financial Post“Juggling Dynamite, #1 pick for best new books about money and markets.” –MoneySense“Park manages to not only explain finances well for the average person, she also manages to entertain and educate, while cutting through the clutter of information she knows every investor faces.” –Toronto Sun
 Click for recommendations. |
Monday, April 20
goldmansachs666.com
by
daniellepark
on Mon 20 Apr 2009 03:29 PM EDT
This is one of the most exciting times to be alive in all of human history
by
daniellepark
on Mon 20 Apr 2009 02:11 PM EDT
"Everyone stumbles over the truth from time to time, but most people just pick themselves up and hurry off as though nothing ever happened."
-Winston Churchill Over the years, I have come to note a couple of truths about human behaviour. One is that once we are adults, none of us can be rescued by anyone else. Only we can rescue ourselves. We may not end up with the life we expected, but generally we end up with the life that we make through our daily choices. I realize there are catastrophic accidents and illness that can impact our journey, but even then the way in which we respond to our circumstances has a huge impact on final outcomes. The financial harm that has befallen people over the past couple of years was no random accident. It was both foreseeable and avoidable. The test now is to see who can acknowledge this truth and use the experience as a source of wisdom to change and inform better choices going forward... more »
Frontline: Inside the Meltdown
by
daniellepark
on Mon 20 Apr 2009 10:34 AM EDT
"On Thursday, Sept. 18, 2008, the astonished leadership of the U.S. Congress was told in a private session by the chairman of the Federal Reserve that the American economy was in grave danger of a complete meltdown within a matter of days. "There was literally a pause in that room where the oxygen left," says Sen. Christopher Dodd (D-Conn.). "
This 1 hour special report is worth watching. more » |
Key Interview
Danielle speaks with Jonathan Chevreau on the Financial Post's blog Wealthy Boomer.
Part 1 Part 2 Recent Multimedia
Audio and Video Interviews“Dear Ms. Park, I watched your appearance on BNN today, and I just have to leave you a message saying 'Thank you' for giving viewers your very frank opinions about how things are going and certain industry practices. I appreciated you trying to give as much information as you could during that (too) short segment. Thank you for what you are doing for all investors!” —blog reader, April 30, 2008
“Each time I see Danielle Park on BNN, I am impressed with her comments and insights. Other than Rick Santelli on CNBC, she is the only commentator that I feel is completely honest and trustworthy.” —M. Scher, Toronto
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