Thursday, November 20, 2014

Goldman Sachs is a Criminal Racket [And Owns the Fed]

UPDATE III:  "During the financial crisis in 2008, the government made a supremely generous move that most likely saved Goldman Sachs from collapse.

Six years later, Goldman is still reaping benefits from the special provisions that came with that act of mercy, according to the findings of a Senate report that was released on Wednesday."

Read The New York Times, For Goldman, Government Gift From 2008 Crisis Keeps Giving.

Read also, CNN Money, Did Goldman Sachs rig commodities markets?

UPDATE II:  The "New York Fed is effectively captured. It consistently takes the side of the major banks it regulates, whatever the motives happen to be."

Read The Atlantic, How Not to Regulate.

UPDATE:   They call it Government Sachs for a reason.

Read Politico, Why the Fed Will Always Wimp Out on Goldman

As noted extensively before, financial institutions, like Goldman Sachs, caused the financial crises. As recently as Februaury 2010, I even stated "Goldman Sachs is a criminal racket and should be prosecuted under RICO statutes."

And a former customer agrees, stating: "'Goldman Sachs is a racketeering entity that does whatever they can to make a dime without conscience, thought, foresight or care about ramifications.'"

Read The New York Times, Anger at Goldman Still Simmers.