You Say the Wall Street Bastards Have Already Figured Out A Way Around “Financial Regulation?” – Oh What a Big Surprise…..NOT! – Let’s Face Facts: The Wall Street Bastards Laugh at the Buffoons in Washington DC and Do WHATEVER THE HELL THEY WANT TO DO! – We Ask Again, Would Anyone Trust The Wall Street Bastards to Watch Their Dog? – If So, You Are A Complete and Utter Moron!
From “The Wall Street Bastards Own the US Government” Department we have this story from Charlie Gasparino of Fox Business on Goldman Sachs and its new “approach” to “Financial Regulation.”
Goldman Already a Step Ahead of FinReg
“Goldman Sachs (GS: 147.09 ,0.00 ,0.00%) has figured out a novel approach to getting around the Volcker Rule’s restrictions on trading: it’s remaking its risk-taking traders into asset managers, and the rest of Wall Street may soon follow, FOX Business Network has learned.
The big Wall Street firm has moved about half of its “proprietary” stock-trading operations — which had made market bets using the firm’s own capital — into its asset management division, where these traders can talk to Goldman clients and then place their market bets.
The move is designed to exploit a loophole in the Volker Rule, part of the recently signed financial-reform legislation named after presidential economic adviser and former Federal Reserve chief Paul Volcker. The Volcker Rule is supposed to scale back on Wall Street risk taking by ending what’s known as proprietary trading, where firms use their own ideas and capital to make market bets.
But by having the traders work in asset management, where they will take market positions while dealing with clients, Goldman believes it can meet the rule’s mandates, avoid large-scale layoffs and preserve some of the same risk taking that has earned it enormous profits, people close to the firm say.”
Oh….what a BIG SURPRISE! Here’s is what you need to know about the Wall Street Bastards…
They could care less what anyone in Washington DC does or doesn’t do because the Wall Street Bastards are going to do…
WHATEVER THE HELL THEY WANT TO DO!
The Wall Street Bastards will do WHATEVER THE HELL THEY WANT TO DO and not give a thought to what the Fools and Buffoons in OUR Nation’s Capital are up to, because they have bought off (the good ‘ole campaign contributions) anyone and everyone that matters in Washington DC.
Here’s a Fact: If the Wall Street Bastards call down to Washington DC and tell all of the people they have bought off to strip off all their clothes, to head down to the Washington Monument and then have everyone hold hands and sing Kumbaya….
There would be thousands of Elected and Appointed Leaders, Lobbyists, Media Members and lots of other people in the Washington “Elite” stripping naked, heading down to the Washington Monument, holding hands and singing Kumbaya.
Here’s the REAL REALITY OF “Financial Regulation”
The Wall Street Bastards could care less what the Buffoons in Washington DC do about anything and if anyone in OUR Nation’s Capital believes that anyone on Wall Street is fearful of the recently passed “Financial Regulation” then OUR Elected Leaders are dumber than we thought they were!
There is only one question that must be asked about whether the recently “Financial Regulation” is legitimate or not (The Warren Buffett proposed plan for Wall Street):
If one of the “Banks” (actually just unregulated Las Vegas Casinos) has to get government support in the future will the CEO of that “Bank” have his (and his family’s) entire net worth wiped out and will the top 1000 executives in that “Bank” have their family’s net worth be wiped out as well?
The answer to the above question is a BIG FAT NO!
Then the so-called “Financial Regulation” is BOGUS!
Charlie Gasparino continues with the Absolute Absurdity of these Buffoons in Washington DC thinking that anything that they do matters at all…
“Goldman’s move also underscores the weakness in the Volcker Rule, which was designed to reduce the same type of risk-taking activities that led to the 2008 financial meltdown. Simply by labeling a trade “customer related” the firm can still make large market bets, and thus engage in some of the same risk taking the rule was designed to eliminate.
A spokesman for the firm had no comment, but people close to Goldman say Goldman will now be weighing other similar moves — taking traders out of the firm’s brokerage division and moving them to other areas of the firm where they can deal with clients and circumvent the rule.
Other Wall Street firms are watching Goldman’s moves closely and are considering similar measures. “If these traders become more client focused they can survive,” said a senior executive at one of the big banks.”
And the Wheels on the Bus Go Round and Round, Round and Round, Round and Round, the Wheels on the Bus Go Round and Round, All Day Long!
Here’s a little Factoid for you to consider: Wall Street used to be a place where American Business would go to raise capital to start or expand their companies but it has been taken over by traders at the “Banks” (Just Las Vegas Casinos in Manhattan) that don’t give two rips about anything but working like Hell to find out ways to Rip Off American Business, The American People and even their own Clients and Customers. The Wall Street Bastards could care less about anything BUT lining their pockets with as much $$$$$$$ as possible and if getting to that $$$$$$$$ they have to take down the American Republic these Bastards would take down the country every time.
We ask again would you trust any of these Bastards to watch your dog?
If you would then you are a Complete and Utter Moron!


























