Goldman Sachs Bankster Joerg Kukies Named Germany’s Deputy Finance Minister

Goldman Sachs Banker Named Germany’s Deputy Finance Minister:

Having populated most central banks with its alumni, Goldman is now aiming even higher: right at sovereign governments, and on Monday morning, a spokesman for Germany’s finance ministry said that the co-head of Goldman Sachs in Germany, Joerg Kukies, will become deputy finance minister in the new German government.

According to Reuters, Kukies will be responsible for financial market policy and Europe in his new role, the spokesman said. In other words, with Mario Draghi – another Goldman alum – potentially resigning from the ECB, Goldman is loathe to give up its control on key European policy developments and has made its move.

Read moreGoldman Sachs Bankster Joerg Kukies Named Germany’s Deputy Finance Minister

Goldman CEO Blankfein Set To Leave, WSJ Reports

Only that his God is symbolized by this sign…

…another rat is leaving the sinking ship.

Goldman CEO Blankfein Set To Leave, WSJ Reports:

God’s work is done…

The Wall Street Journal reports that Lloyd Blankfein is preparing to step down as Goldman Sachs chief executive as soon as the end of the year, capping a more than 12-year run that would make him one of the longest-serving bosses on Wall Street.

The timing of any moves could still change, and the 63-year-old Mr. Blankfein is firmly in control of his exit, the people said.

The current thinking, though, is that he will retire ahead of or early in Goldman’s 150th anniversary year in 2019, a fitting send-off for the history buff.

Mr. Blankfein has often joked he will die at his desk, and his enthusiasm for the job has led many within the firm to believe he might outlast another set of would-be successors.

While the firm’s co-presidents, Harvey Schwartz and David Solomon, are leading candidates to replace the 63-year-old CEO, one can’t help but wonder about the timeliness of Gary Cohn’s White House exit.

Read moreGoldman CEO Blankfein Set To Leave, WSJ Reports

Former Assistant Stole $1.2 Million Of Wine From Goldman’s No. 2

Former Assistant Stole $1.2 Million Of Wine From Goldman’s No. 2:

US District Court in Manhattan on Wednesday indicted the former assistant of Goldman Sachs Group co-President David Solomon, accusing him of stealing more than $1.2 million in rare wine from his boss over the span of about two years, according to Bloomberg.

Goldman Sachs Group Inc. Co-President David Solomon’s personal assistant has been charged with stealing more than $1.2 million of rare wine from his boss.

Nicolas De-Meyer was named in an indictment unsealed Wednesday in U.S. District Court in Manhattan. The indictment says De-Meyer worked for an “individual who collects rare and expensive wine,” without naming the person. The individual is Solomon, according to a person familiar with the matter.

Solomon, who in 2010 won the title of Mr. Gourmet from the Society of Bacchus America, is a double-black diamond skier whose widely respected for his wine collection.

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Goldman Showers Execs With $100 MILLION In Early Bonuses To Avoid Trump Tax Hit

Doing God’s work” is indeed rewarding!

Meet Blankfein’s God…

*****

Goldman Showers Execs With $100 Million In Early Bonuses To Avoid Trump Tax Hit:

Goldman Sachs has accelerated nearly $100 million in stock awards to top executives before the end of the year in order to avoid unfavorable changes in the new tax code, according to public filings posted Friday.

The most sweeping overhaul of U.S. tax code in 30 years includes a provision which caps a corporate deduction for executive pay; under current law, corporations can deduct up to $1 million per executive’s base salary, however there’s no cap on deductions for performance-based pay, such as bonuses.

Under the new provisions, both base salary and performance bonuses count towards to $1 million cap – which is why Goldman accelerated $94.8 million in bonuses originally scheduled for January, 2018. By paying the bonuses early, the bank will save money on its own tax bill.

Read moreGoldman Showers Execs With $100 MILLION In Early Bonuses To Avoid Trump Tax Hit

Goldman Sachs Exempt From Trump’s Venezuela Bond Trading Ban

… because Goldman is doing God’s work!

You’ll better ask Blankfein what God has he been talking about.

Goldman Sachs Exempt From Trump’s Venezuela Bond Trading Ban:

Crony Goldman wins again.

David Stockman notes:

Trump’s ban on trading Venezuelan bonds stupid & corrupt. Largest holder exempted. Who? Goldman Sachs! PITIFUL!

RW

H/t reader squodgy:

“One rule for everyone else…..except Rothschild’s Goldman Sachs.”

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“The Perfect Storm Is Brewing”: Goldman Sachs Warns Italy Has The Lowest Capacity To Absorb Migrants

FYI.

“The Perfect Storm Is Brewing”: Goldman Warns Italy Has The Lowest Capacity To Absorb Migrants:

“We find that overall, Italy has the lowest capacity to absorb migrants among the major EU economies…. Our analysis casts doubts over Italy’s capacity to achieve the economic benefits from migration and suggests the ‘perfect storm’ is brewing.” – Goldman Sachs

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Goldman To Nervous Bitcoin Traders: Be Patient, The Next Surge Will Take It Above $3,600

Will the ‘Muppets‘ ever learn?

Is it Goldman’s job do lure them all in before the coming collapse?

Goldman To Nervous Bitcoin Traders: Be Patient, The Next Surge Will Take It Above $3,600:

“Bitcoin could make a marginal new low –to ~1,786—but again, not much further than there. Anything above 3,000 (Jun. 13th high) will suggest potential to have already started wave V, which again has a minimum target at 2,988 and scope to reach 3,691.”

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GOLDMAN Sees Bitcoin Soaring As High As $3,915 During Next Breakout

Goldman Sees Bitcoin Soaring As High As $3,915 During Next Breakout:

“From current levels, [Bitcoin] has a minimum target that goes out to 3,212 (if equal to the length of wave I). There’s potential to extend as far as 3,915 (if 1.618 times the length of wave I). It just might take time to get there.”

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Democrats: #GoldmanSachs guy unacceptable. Not that they don’t take money from them when it’s politically expedient.

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