shopify traffic stats
Quantcast

Goldman Sachs

image_pdfimage_print

Wall Street, a blunder or a crime?

Wall Street, a blunder or a crime?

The government has not declared war on Wall Street even after Wall Street declared war on Main Street. The housing bubble was built on a bedrock of fraud linking shady subprime brokers and appraisers to an industry of financial products that were then resold with misrepresented values thanks to the connivance of unethical ratings agencies.

The debt ceiling is a manufactured crisis to separate the poor from their assets

The debt ceiling is a manufactured crisis to separate the poor from their assets

There is no connection between raising the debt ceiling and arguing over tax policy. Tax policy takes many years to work out. All of a sudden, Mr. Obama is going along with the charade of saying, “Wait a minute, let’s create a crisis.”

Rolling Stone – The People vs Goldman Sachs – will DOJ prosecute?

Rolling Stone – The People vs Goldman Sachs – will DOJ prosecute?

Goldman had gone from betting $6 billion on mortgages to betting $10 billion against them — a shift of $16 billion. Even CEO Lloyd “I’m doing God’s work” Blankfein wondered aloud about the bank’s progress in “cleaning” its crap. “Could/should we have cleaned up these books before,” Blankfein wrote in one e-mail, “and are we doing enough right now to sell off cats and dogs in other books throughout the division?”

1 2 3