Progressives target Trump SEC nominee, decry Wall Street ties

[laserhaas]

This discussion thread was locked as off-topic by DonViejo (a host of the Latest Breaking News forum).

Source: Washington Post

A coalition of progressive groups plans to announce Monday a campaign to derail President Trumps nomination of Jay Clayton to lead the Securities and Exchange Commission, targeting Claytons close connections to Wall Street.

"Expecting us to believe that Clayton, Wall Streets lawyer, will adequately police some of the very banks he has represented is an insult to the American peoples intelligence, said Jeff Weaver, president of Our Revolution, a group that grew out of the presidential campaign of Sen. Bernie Sanders (I-Vt.). We refuse to stand by as this administration continues to rig the system against the working families of this country.

Other organizations involved in the coalition to oppose Clayton include Allied Progress, Take on Wall Street, the Center for Popular Democracy and Public Citizen.

Read more: http://www.washingtonpost.com/news/post-politics/wp/2017/03/06/progressive-groups-target-trump-nominee-for-sec-chairman-decrying-wall-street-ties/?utm_term=.d8723f3c5f35

---

Oh boy, others are joing the bandwagon, and they have NO idea how bad this Goldman Sachs crony pick, really is; because Jay Clayton comes from Sullivan & Cromwell; which is a firm that aided & abetted Goldman Sachs to rip off our eToys.com public company.

Link to tweet

Direct link to NY TIMES story by Joe Nocera, concerning Goldman Sachs rigging our eToys public offering.


https://mobile.nytimes.com/2013/03/10/opinion/sunday/nocera-rigging-the-ipo-game.html

[br]

As stated by NYT OpEd Joe Nocera

plaintiffs {eToys} charge that Goldman Sachs had a fiduciary duty to maximize eToys’ take from the I.P.O. Instead, Goldman purposely set an artificially low price, so that its real clients, the institutional investors clamoring for the stock, could pocket that first-day run-up. According to the suit, Goldman then demanded that some of those easy profits be kicked back to the firm. Part of their evidence for the calculated underpricing of eToys, according to the plaintiffs’ complaint, was that Lawton Fitt, the Goldman executive who headed the underwriting team and was thus best positioned to gauge the market demand, actually made a bet with several of her colleagues that the price would hit $80 at the opening. (Through a Goldman Sachs spokesman, Fitt declined to comment. Goldman denies that it did anything wrong, about which more shortly.)

[laserhaas]

1. Yours truly was head of eToys who authorized suing GSachs

At the time we had NO idea that my court approved counsel (MNAT.com) ...who was also eToys court approved counsel,.....also was (secretly) Goldman Sachs lawyers.

So, ehen MNAT insisted on Ponzi scheme partner, Paul Traub, to be the one to sue Goldman Sachs. in essence,

Goldman Sachs sued Goldman Sachs and eToys lost!

[heaven05]

2. decry? sure

able to stop, who knows..

[laserhaas]

3. What until the evidence comes out

Was sending it, next week's end, to various parties; but now have to adjust it for the reported Monday campaign.

To kiss

We cant have one of Nitti's gang to be head of fed watchdog over Capone's cases.

[heaven05]

4. good one

need another St. Valentines Day Massacre of both gangs??? Maybe??? I know too violent, but I am allowed my fantasies, dammit..

[laserhaas]

5. Ill post a GD thread with the evidence ..as it has been

A while since I presented it all.

Here's the short version

GSachs took eToys public by pump-n-dump fraud scheme.

This put brand new company into bankruptcy, about a year later.

Fiendishly, Goldman Sachs Delaware law firm (MNAT) lied under oath to hide fact it was also Goldman Sachs law firm, in order to be court approved Debtor counsel of eToys

eToys was sold to Bain Capital Kay Bee for $5.4 million

Thats when I was hired and stopped the sales; which resulted in Bain Kay Bee having to bid tens of millions.

Romney owned Stage Stores and Bain and Kay Bee

Michael Glazer worked from Romney..Barry Gold elrked for Glazer/ Romney and Paul Traub worked for Barry/ Glazer and Mitt

They all lie under oath and come to eToys pretending to be opponents; and they toss me out illegally.

MNAT also works for Bain Capital

Then, after they believe they are getting away with it all Traub puts Barry Gold into eToys, in place of me (Traub and Gold are partners); which is illegal, as Traub is Creditors counsel and Barry Gold is CEO of eToys.

Then Traub, Barry Gold and MNAT, lying to conceal their conflict of interest, ominate Traub to sue Goldman Sachs, in NY Sup Ct where GSachs other law firm of Sullivan & Cromwell are representing Goldman Sachs.

After I find out, they put the NY Sup Ct case entirely under seal ...with Sullivan & Cromwell aiding/abetting.

Meanwhile, MNAT, Traub and Barry Gold OBJECT to eToys shareholders having their lawful own attorney and equity committee ...lying to the court that they (MNAT, Traub, Gold) have the backs of eToys shareholders.

At the same time. having concealed they all work for Mitt, they reduce the sale prices of eToys estate, to Bain Capital/ Kay Bee.

And some of this is CONFESSED to the Chief Justice, who says she diesnt care.

Fraud Fraud Fraud and more Fraud Fraud Fraud

Because it is Goldman Sachs, Bain Capital, MNAT , Paul Traub and Sullivan & Cromwell (and one of their own ...MNAT partner Colm Connolly....is arranged to be the US Attorney over the cases)

Theres no jnvestigation or prosecution

[heaven05]

6. Drain the Swamp????

nope, just adding more pollution and muck to it....and the sad part is, the voters for the Terrible Triumvirate can't even care because they are too blinded by hate, ignorance and stupidity to see the duplicity of their fearless leaders.

[laserhaas]

7. Yup ..Sad state of affairs

[DonViejo]

8. Locking...

Over 12 hours old. Published March 6 at around 6:42 AM EST (based on the first comment beneath the article) Posted at DU Tue Mar 7, 2017, 10:03 AM