INSPECTOR GENERAL HARPOONS TARP LETTER

BANZAI7 NEWS--Neil M. Barofsky, the special inspector general for the Troubled Asset Relief Program set up by the Treasury Department, has uncovered a previously undisclosed communication between Goldman Sachs CEO Lloyd Blankfein and Treasury Secretary Hank Paulsen.

THE LETTER:

Urgent Proposal For Huge Participatory Financial Transaction
The Most Honorable HENRY ("Hank") PAULSEN
Secretary of Treasury
United States of America

TEL/FAX: 234 90 402604
TEL/FAX: 234 1 5850593
September 2008.

Dear Sir,

URGENT PROPOSAL FOR HUGE PARTICIPATORY FINANCIAL TRANSACTION

I would like to firstly send you the best of wishes of good health and success in your government pursuits particularly through my proposal as contained in this letter.

Before going into the details of my proposal to you, I must first solicit you to treat with the utmost confidentiality, as this is required for its success. Timothy Geithner, a mutual associate has assured me of your ability and reliability to prosecute a transaction of great magnitude involving a pending financial transaction requiring maximum confidentiality recommended you to me. My colleagues and I are senior executives of Goldman Sachs International who are interested in diverting some funds that are presently floating in the accounts of the Central Bank of the United States. In order to commence this transaction, we solicit for your assistance to enable us to temporarily transfer into your account the said floating funds. We are determined to conclude this transfer before the end of the fourth quarter of this fiscal year.

These funds were accumulated through undeclared windfalls from sales of low risk bespoke OTC Credit Default Swaps to American International Group during the second Gulf War.

During the current military regime in America, our good offices set up a series off shore companies and sold CDO contracts that were grossly over-collateralised, over-hedged and rated AAA by Standard and Poors . We have set up our own Contract Review Panel, which has the mandate to use the CDS instruments of payments made available to it in connection with these transactions, to review these contracts and if necessary pay those counter parties who are being owed outstanding amounts.

My colleagues and I have identified quite a "huge" sum of these funds which are presently floating in the Central Bank of the United States ready for disbursement and would like to divert some of it for our mutual purposes.

However, by virtue of the positions of civil servants and members of the Central Bank who are former partners of Goldman Sachs, we cannot acquire these funds in our names or in the names of our offshore companies that are based in Bermuda. I have therefore been mandated, as a matter of trust by my partners and colleagues in the panel, to look for a reliable partner into whose account we can transfer the sum of U.S. $50 Billion. That is why I am writing you this urgent letter.

We have agreed to share the money to be transferred into the US Treasury's account, if you agree with our time sensitive proposition as follows:

(i) 20% to the account holder (the US Treasury).
(ii) 75% for us (the partners of Goldman Sachs).
(iii) 5% to be used in settling all expenses (by both you and us) incidental to the actualisation of this project.

We wish to invest our shares of the proceeds of this project in stock markets and commodities in the United States and other OTC businesses till we are ready and able to have access to them without raising any eyebrows.

Please note that this transaction is 100% safe and risk-free. We intend to effect the transfer within four (4) banking days from the date of receipt of the following information through the telephone/fax number stated above: Your bank's name, address, telephone and fax numbers: your full name, facsimile signature, address, telephone and fax numbers, and the account number into which the funds should be paid.

The above information will enable us to write letters of claim and disbursement description respectively. This way, we will use your name to apply for the payment and backdate the award of the monies to you.

We are looking forward to doing this unique transaction with you and we solicit for your utmost confidentiality in this transaction. Please acknowledge the receipt of this letter using the above telephone/fax numbers. I will bring you into a more detailed picture of this transaction when I hear from you. Do not go through the operator (or AT&T) when lines are busy. Always call direct. This is to further ensure confidentiality.

Best regards,

< scribble >

DR. LLOYD BLANKFEIN PHD, MBA, C.F.A. (you know what it means)