Sunday, April 18, 2010

US Government needs new distraction from Goldman Sachs Fraud

President Obama and the US Goverment need an immediate distraction from the Goldman Sachs fraud investigation. The tea party will demand some type of arrest, and the democratic party will follow suit in demanding some type of legal action.

What I am trying to figure out, is what kind of distraction will be manufactured to decrease the public's interest in the matter.

Another word for this fraud is a scam to defraud not only America but the World by a bunch of con men. Their scheme couldn't fail.

The Securities and Exchange Commission is accusing Goldman Sachs of “[creating] and [selling] a mortgage investment that was secretly devised to fail,” according to The New York Times. The investment in question, Abacus 2007-AC1, was the brainchild of hedge-funder John A. Paulson. The Times reports: “Goldman let Mr. Paulson select mortgage bonds that he wanted to bet against—the ones he believed were most likely to lose value—and packaged those bonds into Abacus 2007-AC1, according to the S.E.C. complaint. Goldman then sold the Abacus deal to investors like foreign banks, pension funds, insurance companies and other hedge funds.” 

Will the volcanic ash make its way to the USA and close down airports across the USA like its doing in europe?

Will there be new developments in Afghanistan?

Will Israel be the scapegoat, and have to give away more land?

Will it be Iran, Pakistan, Latin America, Greece who comes to the rescue of President Obama?

Another mine disaster, or possibly the grilling of the man in charge of the safety violations?

What will it be? Who will it be? Where will it be? Its only a matter of time, before something must happen.

Even if the distractions don't work, and goldman sachs is fined, it won't put a dent in the amount of money they stole from us over the years. It's like placing a fine on a professional basketball player of $500, compared to their $30 million dollar annual salary.

The only real way to punish them is to close them down, confiscate the money, and take away the crooks in handcuffs. It all must be televised, and they must be in jail longer than paris hilton or keifer sutherland served. Taking down goldman sachs, would also mean going after politicians and lawmakers who were complicit in the scheme and wrote the laws that aided in the fraud.

Distractions are a key ingredient in damage control or strategic communications. This is PR at its best.

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