Except this time it isn’t a nice fuzzy request for you to fill in a survey…Instead they are hiring Chadbourne & Parke to close down an unfriendly blogger
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5137489
Here’s the story from the UK telegraph and we love the web address for the blog !
Goldman-Sachs-hires-law-firm-to-shut-bloggers-site.html
The bank has instructed Wall Street law firm Chadbourne & Parke to pursue blogger Mike Morgan, warning him in a recent cease-and-desist letter that he may face legal action if he does not close down his website.
Florida-based Mr Morgan began a blog entitled “Facts about Goldman Sachs” ? the web address for which is goldmansachs666.com ? just a few weeks ago.
In that time Mr Morgan, a registered investment adviser, has added a number of posts to the site, including one entitled “Does Goldman Sachs run the world?”. However, many of the posts relate to other Wall Street firms and issues.
According to Chadbourne & Parke’s letter, dated April 8, the bank is rattled because the site “violates several of Goldman Sachs’ intellectual property rights” and also “implies a relationship” with the bank itself.
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With stories like this methinks the? concept that the blog “implies a relationship” with the bank itself. is somewhat of a bizarre assertion
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Big Bank Tax Drain
How Wall Street Speculation and Tax Avoidance are Starving Public Revenues
A Public Accountability Initiative report, prepared for National People’s Action
by Matthew Skomarovsky and Kevin Connor
March 2011
Short-Memory Syndrome and Goldman Sachs’s Revolving Door
We will never know exactly how much influence Goldman Sachs alumni have had in contributing to the financial crisis that reached its apex in 2008. So many Goldman Sachs guys took on various government roles that we can easily surmise that the influence wasn’t benign.
For example, would the world be different if Robert Rubin had not been Treasury Secretary and advised Clinton in 1998 not to regulate derivatives and if he had not suggested the repeal of the Glass-Steagall Act?
Would the world be a better place if Hank Paulson had not been Treasury Secretary in 2007-2008 and had not surrounded himself with a coterie (Stephen Friedman, Josh Bolton, Robert Steele, Neel Kashkari, Kendrick Wilson, Ed Forst, Dan Jester, Steve Shafran and Robert Rubin) of other Goldman Sachs people?
Would the world be different if Hank Paulson had had advisors other than Goldman Sachs and the other Wall Street Banks when he was devising the Big Bailout of the Banks? (See the video below.)
Factor in the influence of lobbying from Goldman Sachs and the huge campaign contributions Goldman Sachs makes to both political parties, and a system has been developed that feeds on itself in an internal loop; hence decisions are made that give clear advantages to the banks over, say, the ordinary citizen of the US or society in general.
It makes sense to have people in governing positions that offer contrasting points of view which could make for better over-all policy. When one organization influences policy world-wide, then we have reason to fear the results. Giving Goldman Sachs so much power to devise policy is “truly scandalous.”
And here from Bloomberg is another example of the need for a different point of view:
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