The Conterversaries Of German Jews Calling Themselves Jews: Goldman & Sachs, History Of Misdeeds, Ponzi Schemes & Missapropriation Of Gov't Funds

 

“I know your tribulation and your poverty (but you are rich) and the slander of those who say that they are Jews and are not, but are a synagogue of Satan.”  Revelation 2:9

ETHICS WAIVERS: Did you know that Goldman and Sachs in their deliberations with the Federal Reserve bank, received 12.9 billion dollars from TARP money and 10 million for other purposes unknown.. But the Goldmans and Mr. Trump, who is a self-proclaimed German Jew; both required ‘Ethical Waivers,’ and both have a history of requesting “Ethical Waivers,??? What are ethical waivers and why do faithful or good government officials take an oath and allegiance to God and to the U.S. Constitution; need a “Ethical Waiver?

• The financial firm, formerly known as AIG-American International Group received $180 billion in government loans during the financial [ i.e., 2007 to 2008 ] crisis-their benefactors were Goldman and Sachs; so who really got the $180 billion dollars.?

GOV’T INTRUSION OR GOV’T COVER-UP

• The now deceased Rep. Elijah E. Cummings, chairman of the Oversight and Reform Committee, previously wanted a status update on the state of ‘Ethical Waivers.’ in the Trump administration.

The former Maryland Democrat launched an investigation into the Trump’s administration’s use of ethics waivers, which allow former lobbyists to work on matters they handled in their previous private sector jobs-which is outlawed by federal and state statutes. Mr. Cummings sent letters to the White House and to 24 other federal agencies; including and Cabinet departments requesting copies of their ethics pledges and details of any waivers that could expose “potential conflicts of interest.” 

Needless to say, Mr. Cummings is not in the land of living no more. Mr. Trump continued to use ‘Ethical Waivers,’ for his entire administration until it ended. And Yes, Mr. Cummings was a very likable guy; but his stance on LGBTQ issues did not afford him angelic protection from heaven; so he had to depend on unfaithful  government officials who did not help this man continue his good fight. Even if it is a good fight, if you lack faith, you fight is in vain. 

THE ETHICS INVESTIGATION REVEALED MORE FRAUD BY THE TRUMP ADMINISTRATION: 

• Cummings' investigation sought specific information on all ethics waivers, including the date they were signed. This is very significant, because past disclosures have not included such detailed information or such an extreme request..

FACT: “Nearly all of these ETHICAL waivers were unsigned and undated, strongly suggesting that they were issued and that many were written after the fact, covering up this crime; or that crime within the Trump administration.

AFRICAN-AMERICAN QUESTION: Was the African-American Congressman from Maryland killed because of his investigations into the Trump administration unlawful & illegal use of ‘Ethical Waivers.’

NEVER FORGET HISTORY: Ron Brown, the African-American business genius and one of our former Commerce Secretary under the Clinton administration was subpoenaed to appear before the Senate Oversight Committee in its business dealings with foreign nations and foreign multinational-MNCs. 

• Abruptly, that same year, Mr. Ron Brown, the Commerce Secretary in 1996, Mr. Brown and his delegation of business executives and government officials were enroute to a former Russian territory; within the war-torn region of Yugoslavia the plane went down and all 35 passengers died.

THE BIDEN-HARRIS 13 CABINET ETHICAL WAIVERS FOR WALL STREETERS…

The Biden-Harris administration has 13 cabinet members; or gov’t officials who have been excused from federal ethics rules Mr.  Biden believes that these ``Ethical Waivers,” are necessary so that these individuals can continue to do work involving large Wall Street banks, defense contractors; and other national security matters that don't require their ethics.

Question: Do we give ‘Ethical Waivers,” to bank robbers with a gun; then why do we give one to a bank robber with a pen; or a piece of paper.

GOV’T FACT: Did you know that around 1928, Goldman Sachs was founded by two self-proclaimed German Jews; who left Germany due to oppression; but came to America to re-create oppression in the name of financial fraud; and Ponzi Schemes. Around 1884, these Germans launched their Goldman Sachs Trading Corp. a closed-end fund  called 'Commercial Paper and Mutual Funds,’ a modern-day Ponzi Schemes; a Bernie Madoff-Ponzi Scheme. 

FRAUD UPON FRAUD: If You Didn’t Know, Now You Do…

Goldman Sachs was a major beneficiary of the government loans to AIG and received $12.9 billion during the unwinding of credit default swap (CDS) contracts by AIG after receiving the government loans.

The financial firm, formerly known as AIG-American International Group received $180 billion in government loans during the financial crisis. The money was used to repay customers of its security-lending program and was paid as collateral to counterparties under credit insurance contracts purchased from AIG. However, due to the size and nature of the payouts, there was considerable controversy in the media and amongst some politicians as to whether banks, including Goldman Sachs, should have been forced to take greater losses and should not have been paid in full via government loans to AIG.

The New York State Attorney General Andrew Cuomo announced around March 2009 that he was investigating whether AIG's trading counterparties improperly received government money.  

• According to a Rolling Stone magazine article written by, Matt Taibbi characterized Goldman Sachs as the "great vampire squid" sucking money instead of blood, allegedly engineering "every major market manipulation since the Great Depression."

HISTORICAL FACT: Goldman Sachs Trading Corporation Bears Full Brunt of 1929 Crash, many financial experts blame the market crash on their questionable mutual funds and commercial paper ponzi schemes as the root causes for the market collapse. 

LOYALTY TO A FOREIGN ADVERSARY: Did you know that Goldman Sachs was always pro-German even after immigrating to America. In addition, Henry Goldman, became more and more pro-German even during World War I, his views got in the way of his fellow Americans patriotism; this backlash made the pro-Germans become more of a fake Jew than a faithful American citizen; even if he was German. 

GOLDMAN & SACHS GETS FINANCIAL SUPPORT.

In the depths of the Great Depression, Goldman Sachs announces its first-ever acquisition. Taking advantage of a ‘Great Depression,’ failed commercial paper firm, Goldman and Sachs then purchased a Chicago-based Hathaway & Co. in 1932 to become one of the largest commercial paper dealers in the US overnight.

Neither men had former financial and finance experience; nor did any of these men obtain licenses; or degrees from a higher learning institution. Their master plan was to monopolize Commercial Paper,’ As a result of a lack of preparationThe failed Ponzi scheme helped add to the Stock Market Crash of 1929, called the Great Depression, the firm's reputation was severely damaged by its massive fraud & Ponzi scheme. 

• If you didn’t know, now you do, Goldman and Sachs Trading Corporation was an Investment Pool of (Mutual Funds) that was aggressively marketed to investors during the late 1920's, this Bernie Madoff re-creation also led to the Great Depression.

Did you know that most of America's financial fraud is rooted in the Commercial Paper industry. Lessons learned from how the Goldman & Sachs business venture created ‘Commercial Paper,’  aka, Commercial Financial Fraud Become Apart Of The New York Stock Exchange-NYSE.

GOLDMAN & SACHS ROLE IN THE FINANCIAL CRISIS OF 2007-2008

Goldman and Sachs has been harshly criticized, particularly in the aftermath of the financial crisis of 2007–2008, where some alleged that it misled its investors and profited from the collapse of the mortgage market. That time — "one of the darkest chapters" in Goldman's history according to The New York Times — brought investigations from the United States Congress, the United States Department of Justice, and a lawsuit from the U.S. Securities and Exchange Commission that resulted in Goldman paying a $550 million settlement.

Goldman and Sachs was "excoriated by the press and the public" according to many journalists—despite the non-retail nature of its business that would normally have kept it out of the public eye. Visibility and antagonism came from the $12.9 billion Goldman and Sachs received—more than any other firm—from AIG counterparty payments provided by the bailout of AIG, the $10 billion in TARP money it received from the government (though the firm paid this back to the government), and a record $11.4 billion set aside for employee bonuses in the first half of 2009.

While all the investment banks were scolded by congressional investigations, Goldman Sachs was subject to "a solo hearing in front of the Senate Permanent Subcommittee on Investigations" Goldman Sachs has denied wrongdoing. It has stated that its customers were aware of its bets against the mortgage-related security products it was selling to them, and that it only used those bets to hedge against losses, and was simply a market maker. The firm also promised a comprehensive examination of our business standards and practices", more disclosure and better relationships with clients.

Goldman and Sachs has also been accused of an assortment of other misdeeds, including a general decline in ethical standards, working with dictatorial regimes, cozy relationships with the US federal government via a "revolving door" of former employees, insider trading by some of its traders, and driving up prices of commodities through futures speculation. Goldman and Sachs has denied wrongdoing in these cases.

Firm's response to criticism of AIG payments

Goldman Sachs maintained that its net exposure to AIG was 'not material', and that the firm was protected by hedges (in the form of CDSs with other counterparties) and $7.5 billion of collateral. The firm stated the cost of these hedges to be over $100 million. According to Goldman, both the collateral and CDSs would have protected the bank from incurring an economic loss in the event of an AIG bankruptcy (however, because AIG was bailed out and not allowed to fail, these hedges did not pay out). CFO David Viniar stated that profits related to AIG in the first quarter of 2009 "rounded to zero", and profits in December were not significant. He went on to say that he was "mystified" by the interest the government and investors have shown in the bank's trading relationship with AIG.

Considerable speculation remains that Goldman's hedges against its AIG exposure would not have paid out if AIG was allowed to fail. According to a report by the United States Office of the Inspector General of TARP, if AIG had collapsed, it would have made it difficult for Goldman and Sachs to liquidate its trading positions with AIG, even at discounts, and it also would have put pressure on other counterparties that "might have made it difficult for Goldman Sachs to collect on the credit protection it had purchased against an AIG default." The report said an AIG default would have forced Goldman Sachs to bear the risk of declines in the value of billions of dollars in collateral debt obligations.

Goldman argued that CDSs are marked to market (i.e. valued at their current market price) and their positions netted between counterparties daily. Thus, as the cost of insuring AIG's obligations against default rose substantially in the lead-up to its bailout, the sellers of the CDS contracts had to post more collateral to Goldman Sachs. The firm claims this meant its hedges were effective and the firm would have been protected against an AIG bankruptcy and the risk of knock-on defaults, had AIG been allowed to fail. However, in practice, the collateral would not protect fully against losses both because protection sellers would not be required to post collateral that covered the complete loss during a bankruptcy and because the value of the collateral would be highly uncertain following the repercussions of an AIG bankruptcy.  If the government let AIG default, according to money manager Michael Lewitt, "its collapse would be as close to an extinction-level event as the financial markets have seen since the Great Depression".

September 15, 2008 meetings at the New York Federal Reserve

Some have said, incorrectly according to others, that Goldman Sachs received preferential treatment from the government by being the only Wall Street firm to have participated in the crucial September meetings at the New York Fed, which decided AIG's fate. Much of this has stemmed from an inaccurate but often quoted New York Times article. 

The article was later corrected to state that Blankfein, CEO of Goldman Sachs, was "one of the Wall Street chief executives at the meeting" (emphasis added). Bloomberg has also reported that representatives from other firms were indeed present at the September AIG meetings. Furthermore, Goldman Sachs CFO David Viniar stated that CEO Blankfein had never "met" with his predecessor and then-US Treasury Secretary Henry Paulson to discuss AIG; However, there were frequent phone calls between the two of them. Paulson was not present at the September meetings at the New York Fed. Morgan Stanley was hired by the Federal Reserve to advise on the AIG bailout.

DID GOLDMAN AND SACHS GET A ETHICS WAIVER?

According to the New York Times, Paulson spoke with the CEO of Goldman Sachs two dozen times during the week of the bailout, though he obtained an ethics waiver before doing so. While it is common for regulators to be in contact with market participants to gather valuable industry intelligence, particularly in a crisis, the Times noted he spoke with Goldman's Blankfein more frequently than with other large banks. Federal officials say that although Paulson was involved in decisions to rescue A.I.G, it was the Federal Reserve that played the lead role in shaping and financing the A.I.G. bailout.

• $60 million settlement for Massachusetts subprime mortgages (2009).

On May 10, 2009, Goldman Sachs agreed to pay up to $60 million to end an investigation by the Massachusetts attorney general's office into whether the firm helped promote unfair home loans in the state. The settlement will be used to reduce the mortgage payments of 714 Massachusetts residents who had secured subprime mortgages funded by Goldman Sachs. Michael DuVally, a spokesman for Goldman, said it was "pleased to have resolved this matter," and declined to comment further. This settlement may open the door to state government actions against Goldman throughout the United States aimed at securing compensation for predatory mortgage lending practices.

• Sale of Dragon Systems to Lernout & Hauspie despite accounting issues

In 2000, Goldman Sachs advised Dragon Systems on its sale to Lernout & Hauspie of Belgium for $580 million in L&H stock. L&H later collapsed due to accounting fraud and its stock price declined significantly. Jim and Janet Baker, founders and together 50% owners of Dragon, filed a lawsuit against Goldman Sachs, alleging negligence, intentional and negligent misrepresentation, and breach of fiduciary duty since Goldman did not warn Dragon or the Bakers of the accounting problems of the acquirer, L&H. On January 23, 2013 a federal jury rejected the Bakers' claims and found Goldman Sachs not liable to the Bakers.

• Stock price manipulation

Goldman Sachs was charged for repeatedly issuing research reports with extremely inflated financial projections for Exodus Communications and Goldman Sachs was accused of giving Exodus its highest stock rating even though Goldman knew Exodus did not deserve such a rating.

On July 15, 2003, Goldman Sachs, Lehman Brothers and Morgan Stanley were sued for artificially inflating the stock price of RSL Communications by issuing untrue or materially misleading statements in research analyst reports, and paid $3,380,000 for settlement.

Goldman Sachs is accused of asking for kickback bribes from institutional clients who made large profits flipping stocks which Goldman had intentionally undervalued in initial public offerings it was underwriting. Documents under seal in a decade-long lawsuit concerning eToys.com's initial public offering (IPO) in 1999 but released accidentally to the New York Times show that IPOs managed by Goldman were underpriced and that Goldman asked clients able to profit from the prices to increase business with it. The clients willingly complied with these demands because they understood it was necessary in order to participate in further such undervalued IPOs. Companies going public and their initial consumer stockholders are both defrauded by this practice.

So-called 'naked short-selling' - Overstock.com

In 2015, Goldman settled with Overstock for $20 million for participating in abusive practices described as "creat[ing] fake lendable shares out of thin air" with the end of result of "organized counterfeiting of shares in the market"; crucial evidence of the Goldman's participation in these manipulative practices surfaced when Goldman’s lawyer accidentally posted on PACER, the federal court online filing system, emails from a broker documenting his abuses.

• Use of offshore tax havens

A 2016 report by Citizens for Tax Justice stated that "Goldman Sachs reports having 987 subsidiaries in offshore tax havens, 537 of which are in the Cayman Islands despite not operating a single legitimate office in that country, according to its own website. The group officially holds $28.6 billion offshore." The report also noted several other major U.S. banks and companies use the same tax-avoidance tactics.

In 2008, Goldman Sachs had an effective tax rate of only 3.8%, down from 34% the year before, and its tax liability decreased to $14 million in 2008, compared to $6 billion in 2007.

• Critics have argued that the reduction in Goldman Sachs's tax rate was achieved by shifting its earnings to subsidiaries in low or no-tax nations, such as the Cayman Islands.

Involvement in the European sovereign debt crisis

Former Prime Minister of Greece Lucas Papademos

Goldman is being criticized for its involvement in the 2010 European sovereign debt crisis. Goldman Sachs is reported to have systematically helped the Greek government mask the true facts concerning its national debt between the years 1998 and 2009. In September 2009, Goldman Sachs, among others, created a special credit default swap (CDS) index to cover the high risk of Greece's national debt. The interest-rates of Greek national bonds soared, leading the Greek economy very close to bankruptcy in 2010 and 2011.

Ties between Goldman Sachs and European leadership positions were another source of controversy. Lucas Papademos, Greece's former prime minister, ran the Central Bank of Greece at the time of the controversial derivatives deals with Goldman Sachs that enabled Greece to hide the size of its debt. Petros Christodoulou, General Manager of the Greek Public Debt Management Agency is a former employee of Goldman Sachs.

Mario Monti, Italy's former prime minister and finance minister, who headed the new government that took over after Berlusconi's resignation, is an international adviser to Goldman Sachs. Otmar Issing, former board member of the Bundesbank and the Executive Board of the European Bank also advised Goldman Sachs. Mario Draghi, head of the European Central Bank, is the former managing director of Goldman Sachs International. António Borges, Head of the European Department of the International Monetary Fund in 2010–2011 and responsible for most of enterprise privatizations in Portugal since 2011, is the former Vice Chairman of Goldman Sachs International. 

Carlos Moedas, a former Goldman Sachs employee, was the Secretary of State to the Prime Minister of Portugal and Director of ESAME, the agency created to monitor and control the implementation of the structural reforms agreed by the government of Portugal and the troika composed of the European Commission, the European Central Bank and the International Monetary Fund. Peter Sutherland, former Attorney General of Ireland was a non-executive director of Goldman Sachs International.

Senate report on the causes of the financial crisis of 2007–2008

On April 14, 2011, the United States Senate's Permanent Subcommittee on Investigations released a 635-page report entitled Wall Street and the Financial Crisis: Anatomy of a Financial Collapse which described some of the causes of the financial crisis. The report alleged that Goldman and Sachs may have misled investors and profited from the collapse of the mortgage market at their expense. The Chairman of the Subcommittee referred the report to the United States Department Of Justice to determine whether Goldman executives had broken the law, and two months later the Manhattan district attorney subpoenaed Goldman for relevant information on possible securities fraud, But on August 9 the Justice Department announced it had decided not to file charges against Goldman Sachs or its employees for trades made during the subprime mortgage portfolio.

Stub month and allegedly misleading results in December 2008

In April 2009, Floyd Norris, chief financial correspondent of the New York Times, accused Goldman Sachs of misleading investors by having "puffed up" its first quarter 2009 earnings by creating a December "orphan month" into which it shifted large write-downs, so they did not appear in any "quarterly number". In April 2009, the company reported a $780 million net loss for the single month of December but reported net earnings of $1.81 billion for the first quarter of 2009.

However, the accounting change to a calendar fiscal year, which created the stub month of December 2008, was required when the firm converted to a bank holding company and declared in Item 5.03 of its Form 8-K U.S. Securities and Exchange Commission (SEC) filing of December 15, 2008. 

The December loss also included a $850 million mark-to-market write-down on loans to chemical maker LyondellBasell since it became clear in December that Lyondell would file for bankruptcy protection and would not be able to meet its debt obligations.

While the results of December 2008 were detailed in the press release reporting the results of December 2008 and the first quarter of 2009 and the related conference call with analysts, according to an article in the Washington Post by David S. Hilzenrath, "the company included a page of charts in its Monday news release showing its December results, but it didn't include a narrative description of those results as it did for the January-through-March period."

Most financial analysts and the mainstream financial press were aware of the required change in fiscal year and deteriorating market conditions into December and were not surprised by the December loss. Analysts focused more on the first quarter results and the planned repayment of TARP funds, but even Merrill Lynch told its clients not to "forget about December".

Merrill Lynch took at least $8.1 billion of losses in the same period, and Morgan Stanley, which was also required to switch to a calendar year for accounting purposes as a result of its conversion to a bank holding company, also reported a large loss for its stub month of December, although, unlike Goldman, Morgan Stanley also lost money in the first quarter of 2009.

Bonuses paid to employees in 2009 despite financial crisis

In June 2009, after the firm repaid the TARP investment from the U.S. Treasury, Goldman and Sachs made some of the largest bonus payments in its history due to its strong financial performance. Andrew Cuomo, then New York Attorney General, questioned Goldman's decision to pay 953 employees bonuses of at least $1 million each after it received TARP funds in 2008. That same period, however, CEO Lloyd Blankfein and 6 other senior executives opted to forgo bonuses, stating they believed it was the right thing to do, in light of "the fact that we are part of an industry that's directly associated with the ongoing economic distress".

BIBLICAL FACT; There are 77 bible verses that detailed Christ’s arguments with the scribes & Pharisees hypocrisy, greed & self-indulgence. Why? Greed, hypocrisy & self-indulgence.

Question IS COMMERCIAL PAPER MONEY; OR A NEGOTIABLE INSTRUMENT; OR FRAUDULENT MONEY? 

FACT: 47 percent of Americans will experience financial fraud and/or financial identity fraud each year. These are pre-COVID-19 statistics.

“ For I tell you, unless your righteousness exceeds that of the scribes and Pharisees, you will never enter the kingdom of heaven.”  Matthew 5:20

PROMISSORY NOTES: Promissory Notes was the bread for the Golman and Sachs business endeavors in 1880’s. These two German Jews started a small business in New York and started selling other people’s money to banks and financial institutions by using made up paper money; aka, commercial paper. In today’s term we use the terrm promissory notes interchangeably as mortgage notes; but this is not good governmental economics. 

From a governmental perspective, PROMISSORY NOTES ARE NEGOTIABLE INSTRUMENTS. Remember, both Goldman and Sach had no prior education or prior financial knowledge; or experience in banking in Germany or in New York; these gentlemen just devised a money scheme to implement their own investments by getting New York businesses to trust them in the commercial paper money markets. [ i.e. IOU on a napkin ]

Fo example, promissory notes are financial instruments to a loan or in any loan transactions. As the payer of such a note,  unless a note expressly stipulates that it is not negotiable, promissory notes are negotiable instruments that can be transferred or assigned by the original payee to a third party.

THE FAKE GERMAN JEWISH FIRM, GOLDMAN & SACHS DECADES OF GREED ‘WAGES OF WICKEDNESS.’ Here is a list of Goldman & Sachs Top ‘Wages of Wickedness,’ who have been attempting for years to overthrow the Federal Reserve system-FRS.

1. Rishi Sunak, the Indian-British financial billionaire was a shrewd investment banker with Goldman & Sachs, he was appointed as the leader of the British, Conservative Party which is equivalent to America’s Democratic and Republican party. Remember, India was colonized by the British empire, so Indians of Asian descent speak the queen's English quite well; but they are not Native Indians as Indian of Asian descent, Kamala Harris has attempted to deceive and falsify our identities and citizenship status as vice-versa. In fact, the Rishi Sunak family in India, made a fortune in the big-pharma industry; and has used this template in Britain & America. Because of the enormous profits in big-pharma; the Sunak’s ‘HIndu’ background can also be related to their demonic activity foretold in the book of Revelation.  

MODERNA ‘BRITISH-AUSTRIAN COVID-19 VACCINE SCAMS

Remember, the Rishi Sanak family has worked in the pharmaceutical industry and became rich due to big-pharma schemes and fraud. Rishi Sanak, made his hundreds of millions which is about a 1 billion; or 300 billion in British pounds from the COVID-19 vaccines global campaign to deceive many nations that their vaccine, booster, pills and antidote will cure them; but after taking all their medicines; people are still catching the virus and dying. Maybe, the book of Revelation is right. Mr. Rishi Sanak is a smooth and eloquent speaker; a type of Obama; specifically a type of Serpent in the Garden of Eden. “You want surely die, take our vaccine, booster or variants medicines…” 

2. Malcolm Turnbull was a former prime minister of Australia, in fact, Australia is one of the top ‘bigh-pharmaceutical’ [i.e., sorcery, pharmeukia, dark & white magic in medicines. According to Business articles, Malcolm Bligh Turnbull AC is a former Australian politician who served as the 29th prime minister of Australia from 2015 to 2018. He held office as leader of the Liberal Party of Australia.

• Mr. M. Turnbull supported the Carbon Pollution Reduction fraudulent scheme that the Rudd Government proposed in late 2009. Because of this unsuccessful scheme, there was a split in the conservative wing which led to his defeat. Mr. Turnbull initially intended to leave politics, but he stayed in the Australian parliament and eventually became apart of the Abbott Government's Minister of Communications. However, in the 2013 federal elections; he cited that the government consistently has poor opinion polling [i.e, Mr. Turnbull became a Trumpism, he began to attempt to overthrow gov’t & it’s governing authorities ]; Eventually, Mr. Turnbull resigned from the cabinet and eventually challenged Abbott to a leadership ballot; he won by only ten votes. Many believed that fraud, election fraud and bribes were used to help him win as the new prime minister; once he became the prime minister; he’s been attempting to form his own government. Yes, do away with the Australian government and establish a ‘ Turnbull Government.” God forbid!

“ Mr. M. Turnbull is in this picture to the right with former POTUS, China’s leader and the former Prime Minister himself…” 

MARIO MONTI: BLOCKED THE AMERICAN MULTINATIONAL COMPANY GENERIC ELECTRIC MERGER THAT WAS A DEAL AROUND 47 BILLION DOLLARS. Mr. Monti basically removed money from the American economy. The American merger would have added thousands of jobs.  

• In 2001, Mr. Monti blocked General Electric’s $47 billion merger with Honeywell International, business strategies believed that this international influence was from European countries, who did not want the American economy to maintain a dominance in the electrical and power industry. Certainly, God knows, but this savvy move enabled him to join the Goldman Sachs internal firm which has a history of hiring former prime ministers and other high profile government leaders. Goldman and Sachs uses these gentlemen’s specialized knowledge in obtaining government contracts and/or government influence on Goldman & Sachs global agendas. Mr Monti, 62, will advise the Wall Street investment bank on European and global public policy issues. He also becomes a member of Goldman’s global markets institute, which looks at the role of capital markets in society.

• Mr. Monti’s Goldman & Sachs appointment comes just one day ahead of an expected ruling by European regulators on whether they were right to block the GE/Honeywell merger. It was Mr Monti who blocked that deal, even though US antitrust regulators had already approved it.

• Mr. Monti’s decision marked the first time European regulators had blocked a merger approved by their US counterparts. Mario Monti: Is an Italian economist and academician who served as the Prime Minister of Italy from 2011 to 2013, leading a technocratic government in the wake of the Italian debt crisis.

On 12 November 2011, in the midst of the European sovereign debt crisis, Monti was invited by President Giorgio Napolitano to form a new technocratic government following the resignation of Silvio Berlusconi. Monti was sworn in as Prime Minister on 16 November 2011, just a week after having been appointed a Lifetime Senator by President Napolitano.

Mario Monti, Italy’s former Prime Minster and a Goldman & Sachs financial advisor blocked a American General Electric and Honeywell $47 billion dollar merger, Mr. Monti became very popular in the European Commission-EU, ut many American business insiders stated that the EU has become more and more hostile to America’s presence in the European Union. 

Lessons from the GE-Honeywell Non-Merger; and how Americans can learn that the EU, China, Australia and other friend-enemies want to destory the American economy. 

Many have said that not all marriages are made in heaven when General Electric announced plans to acquire Honeywell International. Both companies were blissful when the antitrust division of the U.S. Justice Department gave its blessing to what would have been the largest industrial merger ever. 

But following a veto by the European Commission on July 3-an act that was spearheaded by the European Union competition commissioner Mario Monti-wedding bells will not ring out after all. 

• I say to you, whoever divorces his wife (unless the marriage is unlawful) and marries another commits adultery.”Matthew 19:9

Antitrust Theory versus Antichrist Theory [ Unfaithful Due-Diligence versus Faithful Due-Diligence ] 

Answer: Yes, the Father can give his blessing and the father can revoke his blessing in a marriage. Who was the father in this marriage and divorcement?

Question: What lessons can be learned from the failed deal?

THERE IS NOTHING NEW UNDER THE SUN: The European Union-EU by way of its European Commission-EC has began exercising more oversight over U.S. firms. European antitrust regulators have taken a hands on approach and a active interest in American and European Union global acquisitions involving U.S. companies. Just, as the U.S. Congress and  American government have done the same. Nonetheless, there was talk that Mario Monti  of Italy was primarily official combating this big GE and Honeywell merger. Because the Justice Department, antitrust division had already approved of the global merger.

Inevitably, this mega cash inflow of mergers attracted the attention of many politicians; including former Presidents; and U.S. senators expressed their concern about the EC’s opposition to the merger. 

• The main argument was that the European Commission did not have a codified or written antitrust law for the European Union, that antitrust laws or decisions were made based upon favoritism and political favors; not an established boyd of antitrust laws by the EC. Both GE and Honeywell thought that they were in compliance with American and EC antitrust laws. 

For example, the European Commission at first said it didn’t like the fact that GE and Honeywell wanted to ‘bundle’ GE’s aircraft engine business and Honeywell’s avionics business” because bundling would harm GE’s competitors, says Business advisors, who conducted detailed research on shareholder value. GE fought back and successfully criticized the theory of bundling as being anti-competitive. Then, the EC changed its mind again and changed their EC antitrust rules again. By saying:  that they were concerned that GE’s aircraft-leasing business [GE Capital Aviation Services, or GECAS] would make things difficult for GE’s competitors.``

Question: Was the European Commission-EC really concerned about GE’s or Honeywell’s competitors? No, the EU and the EC and a monetary investment in this mega deal; and made their anti-trust laws fit their disapproval .Yes, the American anti-trust are not perfect; but the codified antitrust laws have checks and balances on greed and monopolies.

Works Cited & Websites Cited

“Become an FT Subscriber to Read: 'Super Mario' Monti Joins Goldman as Adviser.” Subscribe to Read | Financial Times, Financial Times, www.ft.com/content/49659446-6c01-11da-bb53-0000779e2340.

“Goldman Sachs Trading Corporation (Crashed during the Depression - No Government Bailout ) - 1928 - SOLD.” Scripophily.com | Collect Stocks and Bonds | Old Stock Certificates for Sale | Old Stock Research | RM Smythe |, scripophily.net/goldman-sachs-trading-corporation-crashed-during-the-depression-no-government-bailout-1928-sold/.

“Goldman Sachs Controversies.” Wikipedia, Wikimedia Foundation, 7 Oct. 2022, en.wikipedia.org/wiki/Goldman_Sachs_controversies.

Loussikian, Kylar, and Samantha Hutchinson. “Back to the Future as Turnbull Returns to His Old Home at Goldman Sachs.” The Sydney Morning Herald, The Sydney Morning Herald, 9 May 2019, www.smh.com.au/national/back-to-the-future-as-turnbull-returns-to-his-old-home-at-golman-sachs-20190509-p51lt4.html.

“Malcolm Turnbull Net Worth.” TheRichest, 15 Feb. 2018, www.therichest.com/malcolm-turnbull-net-worth/.

“Mario Monti.” Wikipedia, Wikimedia Foundation, 25 Oct. 2022, en.wikipedia.org/wiki/Mario_Monti.

“Press Corner.” European Commission - European Commission, ec.europa.eu/commission/presscorner/detail/en/IP_01_939.

“Ron Brown Dies in Plane Crash, April 3, 1996.” POLITICO, www.politico.com/story/2017/04/ron-brown-dies-in-plane-crash-april-3-1996-236759.