I take it that the SEC has finally read some of my blogs. Three weeks ago, I blogged on "Blogger" and "Red Room" that the Chairman and Chief Executive Officer, Lloyd Blankfein of Goldman Sachs, should be investigated for fraud. Why?

First. Goldman Sachs received a "TARP" bailout of $10,000,000,000.00. That's ten billion dollars for Goldman to recover and bring it's financial responsibility back to profitability. This is how Goldman Sachs responded. According to "ABC News/Money", when asked "How has your firm used the TARP money to date? What is the total amount your firm has decided to allocate to bonus and incentive pay this year and how does it compare to the 2007 bonus/incentive pool?" I truly dreaded the answer. "Goldman Sachs has used its capital, which includes the TARP funds, to promote client activity in the capital markets. Goldman Sachs' seven most senior executives have decided to forgo bonus payments for fiscal year 2008. We will announce our fiscal 2008 results next week. We will also announce the size of our firmwide compensation pool for the full year. That compensation pool includes both salaries and bonuses. Employee compensation will be down dramatically from last year." Deep within the bowels of Goldman Sachs the company did not admitt to using TARP funds by the issuance of "Equity Securities and Debt" NOT GUARANTEED BY THE FEDERAL GOVERNMENT. (Something seemed fishy to me at that time.)

The entire $10 billion was repaid in 2008. In March 2010, the "BBC" reported that "Gordon Brown, Prime Minister of Britain, has called for a "special investigation" into Goldman Sachs after reports that the bank is to pay £3.5bn (over $5 billion US)in bonuses, even though Goldman Sachs is being investigated for fraud over the sub-prime scandal. Goldman strongly rejected the claims as wrong "in fact and law". That's Goldman Sachs babble-speak in lawyers terms. To me, the words mean "Litigational Convergence with Prejudicial In-House Biosensitivity". Now, look up those words and let me know what I said because I haven't a clue. Nor are you or most law makers supposed to know. Except of coarse for Goldman Sachs.

Second. While the economy was going into a deep recession, this character, Blankfein, in 2007, received earnings of $54 million, which included a base salary of $600,000, a cash bonus of $26,985,474, stocks granted of $15,542,756 and options granted of $10,453,031 according to Forbes, and only $25 million in 2008 all the while the American economy tanked.

Now, getting back to my original thought of investigating Blankfein, as of April 23rd, 2010, and I quote from Bloomberg Businessweek, "April 23 (Bloomberg) -- Goldman Sachs Group Inc.’s top executives, including Chairman and Chief Executive Officer Lloyd Blankfein, were sued by investors in two lawsuits filed on behalf of the firm over government fraud allegations. The investors, Morton Spiegel and Robert Rosinek, said in complaints filed yesterday in New York State Supreme Court in Manhattan that Goldman Sachs officers and directors breached their duty to the company by permitting it to enter into a series of collateralized debt obligations tied to subprime mortgages. One of those CDOs is the subject of a lawsuit against the New York-based firm by the U.S. Securities and Exchange Commission."

All I can say is "Point taken". It is my guess, the next person that will eventually be subpoenaed for being one of the masterminds of the great 'Derivatives and Sub Prime Mortgage" failure will be, none other than, the illustrious Mr. Henry "Hank" Paulson the current "74th United States Treasury Secretary." And just in passing, take a wild and I mean "Wild" guess where Mr. Paulson worked before becoming Treasury Secretary? Right you are my friend. He previously served as the Chairman and Chief Executive Officer of ................"Goldman Sachs." Oh, what the heck. I'm going to throw in another tid-bit for you. The governor of the "Bank of Canada" is Mark J. Carney. He was appointed on February 1, 2008 for a term of seven years. Again I ask you, guess where Mr. Carney worked for thirteen years? Right again. Now you're catching on. Carney had a thirteen-year career with.......... Goldman Sachs in its London, Tokyo, New York and Toronto offices. Does there seem to be collusion here by governments? Only a suggestion. Something to think about wouldn't you say?

Or am I way out in left field somewhere? So far, I seem to be batting 6 out of 6. Remember the old saying, "They're everywhere. They're everywhere."?