The LaRouche Plan
The Basement Project
A senior U.S. intelligence source today told EIR that the unfolding Goldman Sachs scandal has the potential to catalyze passage of the legislation to restore Glass-Steagall, which is before both the House and the Senate.
The just-released Pentagon report on the Military Power of Iran, which says that "With sufficient foreign assistance, Iran could probably develop and test an intercontinental ballistic missile (ICBM) capable of reaching the United States by 2015", "smells like Tony Blair," commented Lyndon LaRouche today.
Instructions are out to Democrats from Wall Street/London puppet Barack Obama, and Wall Street darling Rahm Emanuel: "Attack Wall Street!" Their populist maneuverings over attempts to pass "financial regulatory reform" legislation — anything to avoid legislation creating new infrastructure and public employment!
Two weeks ago, before the news of the SEC charges against Goldman Sachs—for having designed their own mortgage CDO to fail—investigative website ProPublica released a report which documented the same exact process, this one involving a Chicago-based hedge fund called Magnetar.
In just the few days since the SEC sued Goldman-Sachs for fraud last Friday, Apr 16, a still much wider extent of Goldman criminality has come into public view, as the long-time enemies of Goldman and what it represents have stepped up to help finish it off.
There are several recent developments which tend to call into question the faculties of President Obama.
Now that the Securities and Exchange Commission has filed charges against Goldman Sachs for fraud surrounding its marketing of mortgage-backed securities in the U.S., there is renewed attention being paid to what other worthless assets Goldman Sachs may have wrapped up in pretty packaging, in order to loot targetted suckers.
The national election campaign being conducted by LaRouche Democratic leaders Rachel Brown (4th-MA), Kesha Rogers (22nd-TX), and Summer Shields (8th-CA) launched a coordinated offensive against the criminal financial practices which the current Goldman Sachs scandal merely typifies, and for immediate implementation of the LaRouche Plan for bankruptcy reorganization, which represents the only workable alternative.
It was an open secret. Nonetheless, cited by an Afghan Member of Parliament, Nasimeh Niazi, the news will bend many ears inside, and outside of, Afghanistan.
Current revelations about lurid, but typical, fraud on the part of investment bank Goldman Sachs, which stands accused of betting against the very derivatives it had marketed, are beginning to have potentially healthy repercussions in Russia.