"Hank the Hammer " Paulson, iconic Wall Street hero, a Trojan Horse placed inside Washington by Goldman Sachs as Treasury Secretary in control of America's $15 trillion economy. Goldman, a modern dynasty with vast financial powers much like those once used by the de' Medici, Rothschilds and Morgans to control nations.
One of the confounding aspects of bear market rallies is that the longer they last, the more likely investors are to expect a correction so Hank, Goldman and their army of Wall Street mercenaries move with equally blinding speed, heart-pounding action.
They blackmail the congress that unless US750 billion government loan is given out,a collapse of America's banking system was imminent,which would bring down the global monetary system, pushing the world's economies into a "Great Depression".So the almighty has to bow down to them.
From the A.I.G. bailout to the ban on short selling, how Goldman Sachs figures have played a role in Wall Street's biggest stories of 2008.Ed Liddy, the new C.E.O. of A.I.G., was Goldman’s vice chairman.During the financial meltdown, Goldman has huge $20 billion derivatives exposure at AIG.Suddenly his responsibilities at Treasury merged with a strong self-interest in protecting his personal fortune. AIG was "saved."
This is how the government is under seige by a bunch of financial mecenaries.
In May 2006, Paulson left the firm to serve as U.S. Treasury Secretary, and Lloyd C. Blankfein was promoted to Chairman and Chief Executive Officer. Former Goldman employees have headed the New York Stock Exchange, the World Bank, the U.S. Treasury Department, the White House staff, and firms such as Citigroup and Merrill Lynch.
By flushing out Lehman Brothers and Merill Lynch from the radar screen,on September 21,2008 they were one of the two remainder investment giant hence been accorded the "bank holding company".
In the United States, a bank holding company, as provided by the Bank Holding Company Act of 1956(12 U.S.C. Â 1841(a)(2)(A) et seq.), is broadly defined as any company that has control over a bank. All bank holding companies in the US are required to register with the Board of Governors of the Federal Reserve System.
The Dow Tuesday is 18 days to inedx/options futures expiry.
Asian Index Futures expire 30/04/10
9:30am:--A bearish hangman opener.
Goldman Sachs (GS) is scheduled to face questioning from a U.S. Senate committee today.
10:30am:--Session high ,bearish spinning top.The Consumer Confidence Index for April came in up at 57.9,
11:30am:--Bears stampede.Standard & Poor's downgraded Greece's debt to junk.
12:30noon:--Morning low,bearish mood and weakness remains widespread.
1:30pm:--Technical rebound to near session MAV resistance with futher bearish harami.
2:30pm:--Bearish hangman and dojis are hindering the bulls advances. FOMC's latest policy statement released.
3:30pm:--Bearish hammers.
4:00pm:--A slight bullish shortcovering.
Wall Street has a house cleaning day,wiping off the whole week gains.Tuesday's candlestick fall shy of hitting the bear pivot support hinting that it still wants to retain its bullishness.
For the past few days,the many spinning dojis with long lower shadow has been a concern.
We must be wary of those candlesticks with long lower shadow or gaps whereby the chances of filling it is very great over a period of time.
The infusion of Greece and Portugal downgrades by Standard and Poor today is similar to that day in 2008 where Goldman Sachs warned the Federal Reserve that America is going into recession.
Therefore prompting the Federal Reserve to slash benchmark lending rates to 2.5 percent by the third quarter.