IT WAS BILL CLINTON WHO UNLEASHED WALL STREET’S BIGGEST
CRIMINAL BANKSTERS…. And haven’t they sucked up the banksters’ gratuities
since?
Only Barack Obama has serviced banksters more than Hillary
and Billary!
“Clinton also failed
to mention how he and Hillary cashed in after his
presidential tenure to make themselves multimillionaires, in
part by taking tens of millions in speaking fees from Wall Street
bankers.”
WHO IS TIGHTER WITH THE PLUNDERING BANKSTERS? CLINTON, OBAMA or TRUMP?
The Clinton White House famously abolished the Glass–Steagall legislation, which separated commercial and investment banking. The move was a boon for Wall Street firms and led to major bank mergers that some analysts say helped contribute to the 2008 financial crisis.
Bill and Hillary Clinton raked in massive speaking fees from Goldman Sachs, with CNN documenting a total of at least $7.7 million in paid speeches to big financial firms, including Goldman Sachs and UBS. Hillary Clinton made $675,000 from speeches to Goldman Sachs specifically, and her husband secured more than $1,550,000 from Goldman speeches. In 2005 alone, Bill Clinton collected over $500,000 from three Goldman Sachs events.
Eight Significant Ties Between Dina Powell and the Clintons
https://www.breitbart.com/big-government/2018/10/09/eight-significant-ties-between-dina-powell-and-the-clintons/
NEW YORK — President Donald Trump confirmed on Tuesday that he is eying Goldman Sachs executive Dina Habib Powell, his former deputy national security advisor, as a contender to replace Nikki Haley as U.S. ambassador to the United Nations.
Haley announced her resignation on Tuesday, saying she will officially leave her post at the end of the year. Trump said that he would name Haley’s successor within two to three weeks.
In one of many reports spotlighting Powell, CNBC cited “three people with direct knowledge of the matter” saying senior White House officials already reached out to Powell about the possibility of replacing Haley.
Trump confirmed to reporters outside the White House that he is indeed considering Powell for the soon-to-be vacant U.N. post. “Dina is certainly a person I would consider and she is under consideration,” Trump said. He added that “there are others. I’ve heard a lot of names.”
Powell has been closely linked to the Clintons, especially through her time at Goldman Sachs, where she returned to work after departing the White House last year.
Below, in no particular order, are eight significant ties between Powell and the Clintons:
1 – When she served as president of the Goldman Sachs Foundation, the philanthropic arm of the Wall Street giant, Powell repeatedly partnered with the Clinton Global Initiative for a globalist women’s project that served as the centerpiece of Goldman’s foundation.
Powell served as president of the Goldman Sachs Foundation, where she ran the foundation’s projects after Goldman Sachs was implicated in the 2007-2008 financial crisis and sought to resurrect its shattered image.
The Clinton Global Initiative (CGI) was founded by Bill Clinton in 2005 as a part of the controversial Clinton Foundation. CGI was co-founded by Doug Band, co-founder and president of Teneo Holdings. Powell’s now ex-husband, Richard C. Powell, is president of Teneo Strategy, an arm of Band’s Teneo Holdings.
Powell, an Egyptian-American, reportedly received a salary of $2 million per year from Goldman Sachs. Her financial disclosure form from last year revealed salary, benefits, cash bonuses and equity from Goldman Sachs totaling $6,128,950.
As head of the Goldman Sachs Foundation, she specifically oversaw two major charitable initiatives, one called 10,000 Women and another named 10,000 Small Businesses. 10,000 Women aims to provide at least that number of women around the world with a business and management education to further economic opportunities and global financial growth. 10,000 Businesses, according to Powell’s Goldman bio, “provides small business owners in the US and UK with business education and access to capital.”
The projects were widely viewed as Goldman’s efforts to resurrect its tarnished image after the firm was accused of unsound practices that allegedly helped precipitate the financial crisis. “Engaging wasn’t just the right thing, it was necessary, especially in the wake of the financial crisis when people said we weren’t doing enough,” John F.W. Rogers, Goldman Sachs’ chief of staff, told the New York Times of the company’s charitable efforts.
Goldman would later agree to pay a $5 billion settlement to the Justice Department for its alleged role in the financial crisis. “This resolution holds Goldman Sachs accountable for its serious misconduct in falsely assuring investors that securities it sold were backed by sound mortgages, when it knew that they were full of mortgages that were likely to fail,” acting associate attorney general Stuart Delery announced in a statement when the settlement was finalized.
In September 2013, Powell’s 10,000 Women was a main sponsoring partner of that year’s Clinton Global Initiative conference, hosting numerous events including a panel moderated by Chelsea Clinton. Goldman reportedly paid the Clinton Global Initiative $375,000 for the hosting rights.
In 2014 again, 10,000 Women hosted the Clinton Global Initiative annual event. Hillary Clinton spoke at the CGI event and singled out 10,000 Women for its work. “Thanks to Goldman Sachs and thanks to 10,000 Women for really shining a bright spotlight on what is possible if you believe in and you provide support to women,” Clinton said.
Speakers at the 2014 CGI event included the Clintons, President Obama, actor Matt Damon, and Alibaba Group executive chairman Jack Ma. Session topics featured such titles as “Confronting Climate Change is Good Economics” and “Reimagining Finance for Social Impact: Planning for Scale.”
2 – Powell’s organization joined with the Clinton Global Initiative for globalist giving projects.
At CGI’s 2013 annual meeting, 10,000 Women and other groups announced the launch of a $1.5 billion commitment to act for “global contract opportunities for women-owned businesses based outside of the U.S.”
The Clinton Global Initiative was also a “commitment to action” partner with Powell’s 10,000 Women for a $30 million, five-year program launched in 2008 to educate women in the African nations of Liberia, Nigeria and Zambia.
CGI was further a “commitment to action” partner for 10,000 Women’s $2.5 million, four-year program launched in 2009 to “provide women entrepreneurs in Peru with quality business education and enhanced access to capital.”
3 – Powell’s Goldman Sachs fund directly donated to the controversial Clinton Foundation.
The Goldman Sachs Philanthropy Fund run by Powell is listed as having donated between $250,000 and $500,000 to the Clinton Foundation.
4 – Powell’s Goldman Sachs group worked with Hillary Clinton’s State Department in a project announced by Clinton.
In the spring of 2011, Hillary Clinton announced in an auditorium at the State Department’s headquarters that the State Department would create a partnership with the 10,000 Women initiative to help bring the program to more countries. The New York Times characterized that support as underscoring the “long-running relationship between one of the country’s most powerful financial firms and one of its most famous political families.”
“Initiatives like 10,000 Women invest in the economic empowerment of women to promote security, stability and prosperity around the globe,” Clinton announced in a statement about the partnership with Powell’s foundation. “This new partnership with the Department of State will extend the reach of the program and provide individual women the means to build safer, stronger, families, communities and nations.”
Clinton said the partnership with State would expand the program to more countries with a focus on Indonesia and Haiti.
At a luncheon in April 2012, Powell described how women from Pakistan were educated in the U.S. as part of the 10,000 Women partnership with Clinton’s State Department.
Stated Powell: “We had our first graduation—this is a sticky situation—of this group from Pakistan on a Monday and it just so happened Melanne and I were going to speak at the Embassy of Pakistan and it happened to be the Monday after Osama bin Laden had been killed. So it was really interesting because here were these women who were just extraordinary, in the United States at the invitation of Secretary Clinton.”
5 – Powell was a featured speaker at a Clinton Global Initiative event alongside Bill Clinton and Hillary Clinton’s former campaign chief, John Podesta.
On May 11, 2009, Powell was one of ten speakers at a Clinton Global Initiative event co-sponsored with the Economist titled, “Global Challenges, Corporate Solutions: Creating Value for Business and Society.” Other speakers included Bill Clinton and Clinton’s former chief of staff, John Podesta, who at the time was president and chief executive officer of the George Soros-financed Center for American Progress and co-chairman of the Obama White House transition team. Podesta would later become chairman of Hillary Clinton’s 2016 presidential campaign.
Powell also served as a panelist at the second annual Women in the World Summit in 2011, which was keynoted by Hillary Clinton. The summit was launched by longtime Clinton ally Tina Brown, who also founded the Daily Beast, where Powell was a contributor.
6 – There are crossover connections between employees paid by Powell’s 10,000 Women and the Clintons.
Gene Sperling, who served as chief economic adviser for Clinton’s 2008 presidential campaign, reportedly earned $887,727 from Goldman Sachs in 2008 for consulting work he did to help launch 10,000 Women. Sperling had served as director of the National Economic Council under the Bill Clinton administration, and he went on to take up that same position in 2011 under the Obama administration.
Noa Meyer, global program director for the 10,000 Women program, worked in Clinton’s speechwriting office when she was First Lady. Meyer is an advisor at the Clinton Global Initiative.
Asked by Fortune magazine what she learned from working for Hillary Clinton, Meyer replied: “I think the balance that you need to strike between impact and policy work, and how you actually draw attention to the importance of that work — those two need to go hand-in-hand in order to make change.”
7 – Powell served on a global group alongside Hillary Clinton.
In 2007, Powell was named a director of Vital Voices Global Partnership, where Hillary Clinton served as honorary co-chair.
8 – In coming to Goldman Sachs, Powell joined a firm that has long been deeply tied to the Clintons.
Powell joined Goldman Sachs as a managing director in 2007 and was named partner in 2010 in addition to her role as president of the Goldman Sachs Foundation. She headedthe firm’s Impact Investing business, where she was responsible for Goldman Sachs’ “investments in housing and community development projects, deploying more than $5 billion in loans and equity investments to revitalize underserved communities in the US
The New York Times partially outlined some of the lucrative Clinton-Goldman Sachs ties thusly:
Over 20-plus years, Goldman provided the Clintons with some of their most influential advisers, millions of dollars in campaign contributions and speaking fees, and financial support for the family foundation’s charitable programs.And in the wake of the worst crash since the Great Depression, as the firm fended off investigations and criticism from Republicans and Democrats alike, the Clintons drew Goldman only closer. Bill Clinton publicly defended the company and leased office space from Goldman for his foundation. Mrs. Clinton, after leaving the State Department, earned $675,000 to deliver three speeches at Goldman events, where she reassured executives that they had an important role to play in the nation’s recovery.
The Clinton-Goldman ties solidified in the 1990’s, when Robert E. Rubin, Goldman Sachs’ co-senior partner, departed the firm to serve as the Bill Clinton administration’s Assistant to the President for Economic Policy and later as treasury secretary, a powerful economic role.
The Clinton White House famously abolished the Glass–Steagall legislation, which separated commercial and investment banking. The move was a boon for Wall Street firms and led to major bank mergers that some analysts say helped contribute to the 2008 financial crisis.
When Clinton joined the Senate, Goldman Sachs employees, who mostly lean Democrat, contributed more than $234,000 to her campaign coffers from 2003 to 2008, with the firm serving as her second largest contributor after CitiGroup.
The New York Times documented federal tax breaks that Clinton was instrumental in securing for lower Manhattan, which helped Goldman Sachs construct its nearly $2 billion New York City headquarters. Clinton was there for the November 2005 groundbreaking ceremony. “Major employers like Goldman Sachs needed to know they had a partner in government to ensure that Lower Manhattan could continue to sustain their businesses in the area,” Clinton said at the ceremony.
The Clinton Foundation utilized the Goldman Sachs headquarters in Lower Manhattan for a number of events, including a May 9, 2014 meeting with the foundation’s biggest donors attended by Bill, Hillary and Chelsea Clinton.
Bill and Hillary Clinton raked in massive speaking fees from Goldman Sachs, with CNN documenting a total of at least $7.7 million in paid speeches to big financial firms, including Goldman Sachs and UBS. Hillary Clinton made $675,000 from speeches to Goldman Sachs specifically, and her husband secured more than $1,550,000 from Goldman speeches. In 2005 alone, Bill Clinton collected over $500,000 from three Goldman Sachs events.
Lloyd Blankfein, who just exited as Goldman’s chief executive, provided a major boost to Clinton’s failed 2008 presidential bid when he endorsed her over Barack Obama and held a fundraiser in his apartment for her 2008 campaign.
Aaron Klein is Breitbart’s Jerusalem bureau chief and senior investigative reporter. He is a New York Times bestselling author and hosts the popular weekend talk radio program: Aaron Klein Investigative Radio. Follow him on Twitter @AaronKleinShow. Follow him on Facebook.
Written with research by Joshua Klein.
GOOGLE WORKED TO RIGGED THE ELECTION FOR THE SWAMP EMPRESS TO KEEP THE FOREIGN INVADERS COMING SO WAGES ARE KEPT DEPRESSED!
http://hillaryclinton-whitecollarcriminal.blogspot.com/2018/09/google-rigged-it-so-illegals-would-vote.html
The Clintons, through their fraudulent Clinton Foundation, looted the poor of Haiti to fill their pockets… google it!
1. Globalism: Google VP Kent Walker insists that despite its repeated rejection by electorates around the world, “globalization” is an “incredible force for good.”
2. Hillary Clinton’s Democratic party: An executive nearly broke down crying because of the candidate’s loss. Not a single executive expressed anything but dismay at her defeat.
3. Immigration: Maintaining liberal immigration in the U.S is the policy that Google’s executives discussed the most.
BARACK OBAMA’S CONSPIRACY FOR A THIRD TERM FOR LIFE
First, destroy Trump and put away Hillary.
HE PARTNERS WITH ZUCKERBERG, SOROS AND LOUIS FARRAKHAN
“Obama would declare himself president for life with Soros really running the show, as he did for the entire Obama presidency.”
“Hillary was always small potatoes, a placeholder as it were. Her health was always suspect. And do you think the plotters would have let a doofus like Tim Kaine take office in the event that Hillary became disabled?”
“Obama has the totalitarian impulse. After all, he went around saying he didn't have Constitutional authority to legalize the illegals, and then he tried anyway. The courts stopped him.”
“The bottom line 2 is this: Barack Obama is a Communist. This was all an Obama operation. Why is anyone surprised that a communist (Obama) tried to subvert an election. That is what Communists do. It is Barack Obama and his people like Brennan and Clapper behaving to type. That's what Maduro does in Venezuela. That's what the Castro brothers did. That's what every communist and socialist nation does. THEY FIX ELECTIONS!!”
“Hillary kept a secret server overflowing with national security info which, more than likely, was hacked. June 28, 2016, on a Phoenix tarmac, Bill Clinton met with Attorney General Loretta Lynch to seal a deal insuring Hillary would not be prosecuted.”
“Obama, of course, covered up his own role, depicting his presidency as eight years of heroic efforts to repair the damage caused by the 2008 financial crash. At the end of those eight years, however, Wall Street and the financial oligarchy were fully recovered, enjoying record wealth, while working people were poorer than before, a widening social chasm that made possible the election of the billionaire con man and Demagogue in November 2016.”
David Bernstein & The Heritage Foundation - “Lawless: The Obama Administration’s Unprecedented Assault on the Constitution and the Rule of Law.”
“The Lawlessness of the Obama Administration: A never-ending story.” Michael
Barone – American Historian – Washington Examiner
THE BILLIONAIRE CLASS WAGES WAR ON AMERICA!
"GOP estb. is using the $5 billion border-wall fight to hide up to four blue/white-
collar cheap-labor programs in lame-duck DHS budget. Donors are worried that
salaries are too damn high, & estb. media does not want to know."
TOP EVIL CORPORATIONS LOOTING AMERICA
Goldman Sachs TRUMP CRONIES – CLINTON CRONIES
JPMorgan Chase OBAMA CRONIES
ExxonMobil
Halliburton
British American Tobacco
Dow Chemical
DuPont
Bayer
Microsoft
Google
Facebook
Amazon
Walmart
GET THIS BOOK!
Obamanomics: How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends, Corporate Lobbyists, and Union Bosses
BY TIMOTHY P CARNEY
Editorial Reviews
Obama Is Making You Poorer—But Who’s Getting Rich?
Goldman Sachs, GE, Pfizer, the United Auto Workers—the same “special interests” Barack Obama was supposed to chase from the temple—are profiting handsomely from Obama’s Big Government policies that crush taxpayers, small businesses, and consumers. In Obamanomics, investigative reporter Timothy P. Carney digs up the dirt the mainstream media ignores and the White House wishes you wouldn’t see. Rather than Hope and Change, Obama is delivering corporate socialism to America, all while claiming he’s battling corporate America. It’s corporate welfare and regulatory robbery—it’s Obamanomics.
Obama Is Making You Poorer—But Who’s Getting Rich?
Goldman Sachs, GE, Pfizer, the United Auto Workers—the same “special interests” Barack Obama was supposed to chase from the temple—are profiting handsomely from Obama’s Big Government policies that crush taxpayers, small businesses, and consumers.
MULTI-CULTURALISM and the creation of a one-party globalist country to serve the rich in America’s open borders.
http://mexicanoccupation.blogspot.com/2017/12/em-cadwaladr-impending-death-of.html
“Open border advocates, such as Facebook's Mark Zuckerberg, claim illegal aliens are a net benefit to California with little evidence to support such an assertion. As the CIS has documented, the vast majority of illegals are poor, uneducated, and with few skills. How does accepting millions of illegal aliens and then granting them access to dozens of welfare programs benefit California’s economy? If illegals were contributing to the economy in any meaningful way, CA, with its 2.6 million illegals, would be booming.” STEVE BALDWIN – AMERICAN SPECTATOR
GEORGE SOROS PARTNERS WITH BARACK OBAMA and ERIC HOLDER TO CREATE A GLOBALIST REGIME FOR THE BILLIONAIRE CLASS and CRONY BANKSTERS…. Open borders and endless hordes of illegals will make it happen!
http://mexicanoccupation.blogspot.com/2018/04/monica-showalter-soros-banksters-and.html
YOU WONDERED WHY OBAMA-HOLDER WORKED SO HARD TO SABOTAGE AMERICAN VOTING FOR MORE ILLEGALS???
Those are the subliterate, low-skill, non-English-speaking indigents whose own societies are unable or unwilling to usefully educate and employ them. Bring these people here and they not only need a lot of services, they are putty in the hands of leftist demogogues as Hugo Chavez demonstrated - and they are very useful as leftist voters who will support the Soros agenda.
Banksters’ rent boy Eric Holder declares that Obama is ready to roll for a third term!
BARACK OBAMA and ERIC HOLDER: BUILDING OBAMA’S MUSLIM-STYLE DICTATORSHIP requires destroying white middle class first.
THE GOOD CENSOR: Leaked Briefing Says Google Must Move Away from ‘American Tradition’ of Free Speech to Expand Globally, Attract Advertiser $$$
A leaked Google briefing titled “The Good Censor” advises tech companies to move away from the “American tradition” of free speech if they wish to attract advertising revenue and continue global expansion.
The briefing, leaked exclusively to Breitbart News, was the product of extensive research on the part of Google. This included expert interviews with MIT Tech Review editor-in-chief Jason Pontin, Atlantic staff writer and tech critic Franklin Foer, and academic Kalev Leetaru. 35 cultural observers and 7 cultural leaders from seven countries on five continents were consulted to produce it. It can be read in full here.
The 85-page briefing admits that Google and other tech platforms have fundamentally altered their policies in response to unwelcome political events around the world, including the 2016 election and the rise of Alternative für Deutschland in Germany.
Responding to the leak, an official Google source said the document should be considered internal research, and not an official company position.
Page 14 of the document acknowledges that a few Silicon Valley tech giants now “control the majority of our conversations,” but that these platforms – including Google – must now break their initial promise to users of free speech and content neutrality.
Pages 19-21 of the briefing describe this initial support for free speech as a “utopian narrative” that has been undermined by political events including the 2016 election and the rise of the populist AfD party in Germany.
Later, on pages 66-70, the briefing explains that tech companies including Google, Facebook and Twitter initially leaned towards an “American tradition” of free speech that prioritizes “free speech for democracy, not civility.”
But it goes on to say that the same companies now embrace the “European tradition,” that favors “dignity over liberty, and civility over freedom.”
Google, argues the briefing, must move towards the European tradition and create “well-ordered spaces for safety and civility” rather than “unmediated marketplaces of ideas.”
Doing so, says the briefing, will enable Google to “respond to regulatory demands” and “maintain global expansion,” as well as “monetize content through its organization” and “protect advertisers from controversial content,” both of which will “increase revenues.”
The idea that Google needs to censor its products to gain access to global markets is most closely reflected by its development of Dragonfly, a censored search engine that would reportedly link a user’s search history to their identity and phone number, and block search queries deemed unfavorable to the Chinese government.
Read The Good Censor in full:
Read The Good Censor in full:
The Good Censor – GOOGLE LEAK by on Scribd
Allum Bokhari is the senior technology correspondent at Breitbart News. You can follow him on Twitter, Gab.ai and add him on Facebook. Email tips and suggestions to allumbokhari@protonmail.com.
LEAKED VIDEO: Google
Leadership’s Dismayed
Reaction to Trump Election
12 Sep 201842,050
A video recorded by Google shortly after the 2016 presidential election reveals an atmosphere of panic and dismay amongst the tech giant’s leadership, coupled with a determination to thwart both the Trump agenda and the broader populist movement emerging around the globe.
The video is a full recording of Google’s first all-hands meeting following the 2016 election (these weekly meetings are known inside the company as “TGIF” or “Thank God It’s Friday” meetings). Sent to Breitbart News by an anonymous source, it features co-founders Larry Page and Sergey Brin, VPs Kent Walker and Eileen Naughton, CFO Ruth Porat, and CEO Sundar Pichai. It can be watched in full above. It can and should be watched in full above in order to get the full context of the meeting and the statements made.
It was reported earlier this week that Google tried to boost turnout among the Latino population to help Hillary Clinton, only to be dismayed as the usually solid Democratic voting bloc switched to the GOP in record numbers. This video shows a similar level of dismay among Google’s most high-profile figures.
These individuals, who preside over a company with unrivaled influence over the flow of information, can be seen disparaging the motivations of Trump voters and plotting ways to use their vast resources to thwart the Trump agenda.
Co-founder Sergey Brin can be heard comparing Trump supporters to fascists and extremists. Brin argues that like other extremists, Trump voters were motivated by “boredom,” which he says in the past led to fascism and communism.
The Google co-founder then asks his company to consider what it can do to ensure a “better quality of governance and decision-making.”
VP for Global Affairs Kent Walker argues that supporters of populist causes like the Trump campaign are motivated by “fear, xenophobia, hatred, and a desire for answers that may or may not be there.”
Later, Walker says that Google should fight to ensure the populist movement – not just in the U.S. but around the world – is merely a “blip” and a “hiccup” in a historical arc that “bends toward progress.”
CEO Sundar Pichai states that the company will develop machine learning and A.I. to combat what an employee described as “misinformation” shared by “low-information voters.”
Key moments from the video can be found at the following timestamps:
- (00:00:00 – 00:01:12) Google co-founder Sergey Brin states that the weekly meeting is “probably not the most joyous we’ve had” and that “most people here are pretty upset and pretty sad.”
- (00:00:24) Brin contrasts the disappointment of Trump’s election with his excitement at the legalization of cannabis in California, triggering laughs and applause from the audience of Google employees.
- (00:01:12) Returning to seriousness, Brin says he is “deeply offen[ded]” by the election of Trump, and that the election “conflicts with many of [Google’s] values.”
- (00:09:10) Trying to explain the motivations of Trump supporters, Senior VP for Global Affairs, Kent Walker concludes: “fear, not just in the United States, but around the world is fueling concerns, xenophobia, hatred, and a desire for answers that may or may not be there.”
- (00:09:35) Walker goes on to describe the Trump phenomenon as a sign of “tribalism that’s self-destructive [in] the long-term.”
- (00:09:55) Striking an optimistic tone, Walker assures Google employees that despite the election, “history is on our side” and that the “moral arc of history bends towards progress.”
- (00:10:45) Walker approvingly quotes former Italian Prime Minister Matteo Renzi’s comparison between “the world of the wall” with its “isolation and defensiveness” and the “world of the square, the piazza, the marketplace, where people come together into a community and enrich each other’s lives.”
- (00:13:10) CFO Ruth Porat appears to break down in tears when discussing the election result.
- (00:15:20) Porat promises that Google will “use the great strength and resources and reach we have to continue to advance really important values.”
- (00:16:50) Stating “we all need a hug,” she then instructs the audience of Google employees to hug the person closest to them.
- (00:20:24) Eileen Naughton, VP of People Operations, promises that Google’s policy team in DC is “all over” the immigration issue and that the company will “keep a close watch on it.”
- (00:21:26) Naughton jokes about Google employees asking, ‘Can I move to Canada?’ after the election. She goes on to seriously discuss the options available to Google employees who wish to leave the country.
- (00:23:12) Naughton does acknowledge “diversity of opinion and political persuasion” and notes that she has heard from conservative Google employees who say they “haven’t felt entirely comfortable revealing who [they] are.” and urged “tolerance.” (Several months later, the company would fire James Damore allegedly for disagreeing with progressive narratives.)
- (00:27:00) Responding to a question about “filter bubbles,” Sundar Pichai promises to work towards “correcting” Google’s role in them
- (00:27:30) Sergey Brin praises an audience member’s suggestion of increasing matched Google employee donations to progressive groups.
- (00:34:40) Brin compares Trump voters to “extremists,” arguing for a correlation between the economic background of Trump supporters and the kinds of voters who back extremist movements. Brin says that “voting is not a rational act” and that not all of Trump’s support can be attributed to “income disparity.” He suggests that Trump voters might have been motivated by boredom rather than legitimate concerns.
- (00:49:10) An employee asks if Google is willing to “invest in grassroots, hyper-local efforts to bring tools and services and understanding of Google products and knowledge” so that people can “make informed decisions that are best for themselves.” Pichai’s response: Google will ensure its “educational products” reach “segments of the population [they] are not [currently] fully reaching.”
- (00:54:33) An employee asks what Google is going to do about “misinformation” and “fake news” shared by “low-information voters.” Pichai responds by stating that “investments in machine learning and AI” are a “big opportunity” to fix the problem.
- (00:56:12) Responding to an audience member, Walker says Google must ensure the rise of populism doesn’t turn into “a world war or something catastrophic … and instead is a blip, a hiccup.”
- (00:58:22) Brin compares Trump voters to supporters of fascism and communism, linking the former movement to “boredom,” which Brin previously linked to Trump voters. “It sort of sneaks up sometimes, really bad things” says Brin.
- (01:01:15) A Google employee states: “speaking to white men, there’s an opportunity for you right now to understand your privilege” and urges employees to “go through the bias-busting training, read about privilege, read about the real history of oppression in our country.” He urges employees to “discuss the issues you are passionate about during Thanksgiving dinner and don’t back down and laugh it off when you hear the voice of oppression speak through metaphors.” Every executive on stage – the CEO, CFO, two VPs and the two Co-founders – applaud the employee.
- (01:01:57) An audience member asks if the executives see “anything positive from this election result.” The audience of Google employees, and the executives on stage, burst into laughter. “Boy, that’s a really tough one right now” says Brin.
Update — After Breitbart News published this article, a Google spokesperson replied to a request for comment with the following statement:
“At a regularly scheduled all hands meeting, some Google employees and executives expressed their own personal views in the aftermath of a long and divisive election season. For over 20 years, everyone at Google has been able to freely express their opinions at these meetings. Nothing was said at that meeting, or any other meeting, to suggest that any political bias ever influences the way we build or operate our products. To the contrary, our products are built for everyone, and we design them with extraordinary care to be a trustworthy source of information for everyone, without regard to political viewpoint.”
Allum Bokhari is the senior technology correspondent at Breitbart News. You can follow him on Twitter, Gab.ai and add him on Facebook. Email tips and suggestions to allumbokhari@protonmail.com.
Dina Powell’s Global Foundation Helped Polish Goldman Sachs’ Shattered Image
NEW YORK — In the midst of a public relations nightmare, former White House Deputy National Security Adviser Dina Habib Powell took charge of Goldman Sachs’s global charitable foundation, helping to resurrect the big bank’s shattered image after it was implicated in practices that contributed to the financial crisis of 2007-2008.
President Donald Trump confirmed on Tuesday that he is eying Powell as a contender to replace Nikki Haley as U.S. ambassador to the United Nations. Haley announced her resignation on Tuesday, saying she will officially leave her post at the end of the year. Trump said that he would name Haley’s successor within two to three weeks.
With a reported salary of $2 million per year, Powell served as president of the Goldman Sachs Foundation, where she ran high profile projects in a Goldman effort described by the New York Times as “buying redemption” that sought to “polish” the firm’s “reputation with ordinary Americans and politicians in Washington.”
This at a time when Goldman was reviled by ordinary Americans for dealings that eventually led the firm to sign a $5.06 billion settlement with the Justice Department for the bank’s shady conduct in the residential mortgage-backed securities market between 2005 and 2007.
After departing this White House last year, reportedly on good terms with the administration, Powell returned to Goldman Sachs, where she serves on the financial giant’s management committee.
After the financial crisis, the firm was routinely derided in the news media. Rolling Stonelabeled Goldman Sachs “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”
The settlement included a “a statement of facts” – essentially admissions of guilt – to which Goldman agreed. The Justice Department said the admissions showed that Goldman “made false and misleading representations to prospective investors about the characteristics of the loans it securitized.”
Until about 2008, Goldman had been known for many things, but charitable giving was not one of them. Its foundation was first established in 1999 with a total endowment of $200 million. The New York Times described a debate that called for $350 million to be put in the charity’s coffers, but Henry M. Paulson Jr., Goldman’s chairman and chief executive at the time, chided that $200 million was “enough to make a difference.”
That attitude shifted after the financial crisis began in 2007, when the foundation kickstarted major public initiatives led by Powell, an Egyptian-American, and massively increased its contributions. Still, even as Americans suffered, a significant portion of the foundation’s efforts focused on global causes outside the U.S.
With Powell at the helm, the Foundation launched two major charitable initiatives, one called 10,000 Women and another named 10,000 Small Businesses. 10,000 Women aims to provide at least that number of women around the world with a business and management education to further economic opportunities and global financial growth.
10,000 Small Businesses, according to Powell’s Goldman bio, “provides small business owners in the U.S. and UK with business education and access to capital.”
10,000 Women was considered central to Goldman’s efforts to polish its tarnished image. “Engaging wasn’t just the right thing, it was necessary, especially in the wake of the financial crisis when people said we weren’t doing enough,” John F.W. Rogers, Goldman Sachs’ chief of staff, told the New York Times of the company’s charitable efforts.
Besides 10,000 Women, the 10,000 Small Businesses project also may have been launched in response to negative publicity about Goldman Sachs, the New York Times related in an article titled, “Goldman Sachs, Buying Redemption.”
The newspaper reported:
In late 2009, the company faced mounting criticism about the billions of dollars it was paying out in bonuses in the wake of the financial crisis. The firm needed some good public relations. And fast. Goldman committed $500 million over five years to another program, 10,000 Small Businesses, which helps businesses in the United States and Britain. …Both 10,000 Women and 10,000 Small Businesses are featured prominently on Goldman’s Web site. Goldman has poured money into producing slick videos of graduates of the programs. …Goldman is a firm that prides itself on discretion, but it isn’t giving away its billions quietly. … “It’s run as if it’s a Broadway show,” said one Goldman employee who asked not to be named because of a firm’s policy against speaking to the news media.
The Times documented Powell’s $2 million compensation stoked some “bitterness” among Goldman employees:
This has created bitterness among some employees — bitterness stoked by the favored status seemingly granted to Dina Powell, who runs the foundation. At a firm where pay is almost always tied to what money you bring in, Ms. Powell, who is in charge of giving money away, has made roughly $2 million annually in some recent years, according to people familiar with her compensation but not authorized to speak on the record.
Powell’s financial disclosure form from her time in the White House last year revealed salary, benefits, cash bonuses and equity from Goldman Sachs totaling $6,128,950.
In 2011, Powell and her now ex-husband Richard dished out $3.85 million for a four-bedroom, 2,234-square-foot condo in the luxury Metropolitan building on East 90th Street in Manhattan designed by famed architect Philip Johnson. Richard Powell is president of Teneo Strategy, an arm of Doug Band’s Teneo Holdings. Band, co-founder and president of Teneo Holdings, co-created the Clinton Global Initiative with Bill Clinton. Powell’s 10,000 Women project partnered with CGI on numerous occasions, as Breitbart News thoroughly documented.
Powell joined Goldman Sachs as a managing director in 2007 and was named partner in 2010 in addition to her role as president of the Goldman Sachs Foundation. She headed the firm’s Impact Investing business, where she was responsible for Goldman Sachs’ “investments in housing and community development projects, deploying more than $5 billion in loans and equity investments to revitalize underserved communities in the U.S.”
Globalist Giving
In 2008, 10,000 Women started a $30 million, five-year program to educate women in the African nations of Liberia, Nigeria and Zambia. The Clinton Global Initiative was a “commitment to action” partner in that effort, as well as another $2.5 million, four-year program launched in 2009 to “provide women entrepreneurs in Peru with quality business education and enhanced access to capital.”
In the spring of 2011, Hillary Clinton announced in an auditorium at the State Department’s headquarters that the State Department was partnering with the 10,000 Women initiative to help bring the program to more countries, with focus on Indonesia and Haiti.
At a luncheon in April 2012, Powell described how women from Pakistan were educated in the U.S. as part of the 10,000 Women partnership with Clinton’s State Department.
Stated Powell: “We had our first graduation—this is a sticky situation—of this group from Pakistan on a Monday and it just so happened Melanne and I were going to speak at the Embassy of Pakistan and it happened to be the Monday after Osama bin Laden had been killed. So it was really interesting because here were these women who were just extraordinary, in the United States at the invitation of Secretary Clinton.”
While women were out of work in the U.S., 10,000 Women and other groups used the Clinton Global Initiative’s annual event in September 2013 to announce the launch of a $1.5 billion commitment to act for “global contract opportunities for women-owned businesses based outside of the U.S.”
The Daily Beast spotlighted the 10,000 Women program in Afghanistan, which is run in conjunction with the Thunderbird School of Global Management. The Beast reported of the efforts: “Doing business in Afghanistan as a woman is complicated not only by security and logistics but also by traditional gender roles. Many women find they have to take on a male business partner as the meet-and-greet required by marketing products carry stigma for a woman—and possible danger.”
Powell’s 10,000 Women partnered with the Obama State Department again in 2015, when Secretary of State John Kerry joined Goldman Sachs Chairman and CEO Lloyd C. Blankfein to announce a new partnership between the State Department, 10,000 Women and the Harvard Kennedy School to train women in the Middle East and Northern Africa.
Goldman Sachs described the partnership in a press release:
The inaugural Goldman Sachs 10,000 Women-US State Department Entrepreneurship Program brings 29 entrepreneurs from the business, media, technology, social entrepreneurship and non-profit sectors to the US for a two-week program focused on entrepreneurship, leadership training, mentoring and networking to help them grow their business and create jobs. The program participants are from 15 countries, including Algeria, Bahrain, Egypt, Iraq, Jordan, Libya, Saudi Arabia, Kuwait, Lebanon, Morocco, Oman, the Palestinian Territories, Qatar, Tunisia and the United Arab Emirates.
Powell’s 10,000 Small Businesses, meanwhile, focused in large part on the U.S. market, pledging $500 million to help small businesses in the U.S. recover from the recession. The Times saw the effort as an “apology from Goldman.”
The newspaper summarized the Small Businesses initiative:
Under the plan, Goldman will provide $200 million to pay for small-business owners to get business and management education at local community colleges and other places — the first program will be at La Guardia Community College in Queens, New York.The plan will also provide mentoring and networking services. Goldman said it had a long line of its own staff willing to take part.And in a third prong of the program, Goldman is giving $300 million in loans and grants to small businesses. Some of the $500 million will come from $400 million in its foundation.
In 2013, Goldman expanded the 10,000 Small Businesses program to include businesses in all 50 states as opposed to just 15 markets.
Financial Crisis
When Goldman Sachs agreed to the $5.06 billion settlement, Acting Associate Attorney General Stuart F. Delery exclaimed, “This resolution holds Goldman Sachs accountable for its serious misconduct in falsely assuring investors that securities it sold were backed by sound mortgages, when it knew that they were full of mortgages that were likely to fail.”
He added, “This $5 billion settlement includes a $1.8 billion commitment to help repair the damage to homeowners and communities that Goldman acknowledges resulted from its conduct, and it makes clear that no institution may inflict this type of harm on investors and the American public without serious consequences.”
The settlement included a “statement of facts” to which Goldman agreed. The Justice Department said the statement shows that Goldman “made false and misleading representations to prospective investors about the characteristics of the loans it securitized.”
One of many such statements included the admission by the firm that “Goldman received information indicating that, for certain loan pools, significant percentages of the loans reviewed did not conform to the representations made to investors about the pools of loans to be securitized.”
Another admission of wrongdoing centered on Goldman’s Mortgage Capital Committee, which was required to approve every residential mortgage-backed security (RMBS) issued by Goldman.
Goldman acknowledged that “the Mortgage Capital Committee typically received … summaries of Goldman’s due diligence results for certain of the loan pools backing the securitization,” but “despite the high numbers of loans that Goldman had dropped from the loan pools, the Mortgage Capital Committee approved every RMBS that was presented to it between December 2005 and 2007.”
In 2011, an official U.S. government report documenting the causes of the financial crisis fingered Goldman Sachs for controversial practices that fueled the subprime mortgage bubble. The report was crafted by the Congressional Financial Crisis Inquiry Commission, which spent some 18 months investigating the factors that led to the crisis.
The government-sponsored report highlighted the major damage caused to the American public: “There are 26 million Americans who are out of work. … Nearly $11tn in household wealth has vanished. … The collateral damage of this crisis has been real people and real communities. The impacts of this crisis are likely to be felt for a generation.”
While the report cast significant blame on the Federal Reserve for failing to reign in big banks engaged in high-risk mortgage lending as an institutional practice, Goldman Sachs was blamed for, as one Washington Post article paraphrased it, “providing billions of dollars in loans to subprime mortgage lenders and then bundling tens of billions of dollars in risky loans into investments.”
Continued the Post:
At the same time, the report said, Goldman was involved in fancy financial engineering – the creation of investment products that let people speculate on whether mortgage investments would rise or fall in value. Goldman itself often bet against the investments it created and sold to others.
“These new instruments would yield substantial profits for investors that held a short position,” the report says of Goldman’s practices. “They also would multiply losses when housing prices collapse.”
In other words, as the Guardian newspaper summarized it, Goldman Sachs “multiplied the effects of the collapse of sub-prime loans by funding and creating billions of dollars of bets based on the back of the loans.”
The report criticized Goldman and other major investment banks for other highly risky investments.
One of the report’s conclusions states:
For example, as of 2007, the five major investment banks–Bear Stearns, Goldman Sachs, Lehman Brothers, Merrill Lynch, and Morgan Stanley–were operating with extraordinarily thin capital. By one measure, their leverage ratios were as high as 40 to 1, meaning for every $40 in assets, there was only $1 in capital to cover losses. Less than a 3% drop in asset values could wipe out a firm. To make matters worse, much of their borrowing was short-term, in the overnight market–meaning the borrowing had to be renewed each and every day.
Even after the devastating report’s release, Goldman has continued to come under periodic criticism, including from the inside. In March 2012, Greg Smith resigned his position as Goldman Sachs executive director and head of the firm’s United States equity derivatives business in Europe, the Middle East and Africa by writing a scathing oped in the New York Times about the firm’s alleged practices.
“To put the problem in the simplest terms,” Smith wrote, “the interests of the client continue to be sidelined in the way the firm operates and thinks about making money. Goldman Sachs is one of the world’s largest and most important investment banks and it is too integral to global finance to continue to act this way. The firm has veered so far from the place I joined right out of college that I can no longer in good conscience say that I identify with what it stands for.”
Smith opined that the “decline in the firm’s moral fiber represents the single most serious threat to its long-run survival.”
He continued: “I attend derivatives sales meetings where not one single minute is spent asking questions about how we can help clients. It’s purely about how we can make the most possible money off of them. If you were an alien from Mars and sat in on one of these meetings, you would believe that a client’s success or progress was not part of the thought process at all.”
Smith said he was made “ill” when pondering how “callously” Goldman Sachs employees allegedly “talk about ripping their clients off. Over the last 12 months I have seen five different managing directors refer to their own clients as ‘muppets,’ sometimes over internal e-mail.”
Prior to joining Goldman Sachs, meanwhile, Powell served in the Bush administration as Assistant Secretary of State for Educational and Cultural Affairs (ECA). Democrats heaped praise on Powell at her confirmation hearings for the position. “You will have strong allies on both sides of the aisle,” stated Democratic Senator Russ Feingold of Wisconsin, who notably was a regular critic of the Bush administration.
Before her State job, Powell, at the young age of 31, headed the Bush White House’s Office of Presidential Personnel, where she led efforts to staff the Bush administration’s more than 4,000 presidential appointments.
Powell is a fellow at the Council on Foreign Relations and until her appointment to the Trump administration served on the board of the globalist Center for Global Development.
Aaron Klein is Breitbart’s Jerusalem bureau chief and senior investigative reporter. He is a New York Times bestselling author and hosts the popular weekend talk radio program, “Aaron Klein Investigative Radio.” Follow him on Twitter @AaronKleinShow. Follow him on Facebook.
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