In his classic 2009 Rolling Stone article, Matt Taibbi blames Goldman Sachs for causing the Great Depression, the Internet bubble and the skyrocketing price of gasoline. Author William D Cohan dismisses the article as a “screed” and “conspiracy theory journalism.
Matt Taibbi: “The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”
– Jim W. Dean…”Once again we see the West getting a taste of the boomerang from it’s economic warfare.”
According to investigative journalist David Cay Johnston, more than 2,700 companies have secret agreements to keep the state income tax they withhold from your paycheck.
According to Quigley, banks have controlled western society by manipulating the money supply since the creation of the Bank of England and the fractional reserve lending system in 1694.
“A capitalist may wish to sell drinking water, but Mammon wants to poison all water in order to force everybody to buy drinking water.”
Veterans on Wall Street (VOWS), a consortium of major banks including Citi, Deutsche Bank and Goldman Sachs, is pleased to announce the keynote speakers for the third annual Veteran Employment Symposium and Resource Fair on Tuesday, November 12, 2013 at Goldman Sachs’ headquarters in New York City.
es, of course I know this description of “us citizen” is offensive to some, may be more than some people however it is true, we are a nation of callous, indifferent stupid fools at best for being so silent all these years.
Carnegie Mellon University researchers claim they have created a smart-phone messaging app with security that not even the National Security Agency can break.
“The first prerequisite for healthier human and sexual relationships is the elimination of those moral concepts which base their demands on allegedly supernatural commands, on arbitrary human regulations, or simply on tradition…”
Detroit bankruptcy simply disappeared from the media radar screens, more interested in Kim Kardashian and Kayne West and their baby than a city of 700,000.
“The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”
Big Lies proliferate. Repetition convinces most people hard times are good or not as bad as their personal situations suggest.
Hail Greg Smith, and thank The New York Times, for his cri de coeur, a rare example that decency is not always for sale.
Scruples are trumped by profit, and that’s probably something the various conspiracy theorists ought to keep in mind. When you’re looking for a motive, sex, greed and power tend to come to the top in about equal amounts.
To great fanfare, this week Goldman Sachs unveiled the report of its Business Standards Committee, which makes recommendations regarding changes for the internal structure of what is currently the 5th largest bank holding company in the United States.
Innocence, as defined by law, makes us complicit with the crimes of the state. To do nothing, to be judged by the state as an innocent, is to be guilty. … It is to sanction, through passivity and obedience, the array of crimes carried out by the state. By Chris Hedges in TruthDig To be […]
Social-networking giant Facebook could flex its growing might after reportedly raising 500 million dollars from Goldman Sachs and a Russian firm in a deal valuing the website at 50 billion dollars. Via Agence France Press and AlterNet The New York Times, citing sources familiar with the deal, reported Monday that Goldman had invested 450 million […]
Weekly Address: Giving Government Back to the American People by Jesse Lee As the President beats back lobbyists seeking to weaken Wall Street Reform, he talks about an even broader threat that would vastly expand the influence of massive industries and their lobbyists in Washington. A recent Supreme Court decision opened the floodgates for corporations, […]
The phrase “investors pounded Goldman Sachs” and words like brutal day for Goldman [and AIG] likely bring smiles to most Americans. This type of mirth may endure, By Zachary A. Goldfarb and Jerry Markon The Justice Department’s criminal investigation into Goldman Sachs goes beyond the financial transactions targeted by the Securities and Exchange Commission in […]
As mainstream pundits continue the Democrats-are-in-trouble conventional wisdom, I see a perfect political storm developing against Republicans led by the Dem’s hitting back on the radical U.S. Supreme Court decision, CITIZENS UNITED v. FEDERAL ELECTION COMM’N ( No. 08-205 ). Correcting the Court – Democrats Unveil Tough New Legislation to Remedy “Citizens United” By Josh […]
By Robert L. Borosage at Huffington Post Senate Republicans have perfected the art of saying no. But in blocking a debate on financial reform, they have begun to imitate Goldman Sachs traders, selling positions that they are betting against. Blocking financial reform is, not surprisingly, financially rewarding, as Republican leaders lease themselves to Wall Street […]
Caught wind of this from the Huffington Post: As homeowners were falling behind on their subprime mortgages, wreaking havoc for investors that owned slices of their mortgages in securities peddled by Wall Street, Goldman Sachs was “well positioned,” according to internal company emails by top executives. The firm had “the big short,” declared chief financial […]
Finding it difficult to see Goldman’s point of view. But the slime deserve due process. By Henry Blodget Yesterday, Lloyd Blankfein attacked the SEC’s fraud suit in calls to Goldman clients–describing it as a political hit job that will ultimately hurt the country. He also brought up the exculpatory evidence that the SEC left out […]
Update: For more information, see White House blog knocking down Wall Street Talking Points and Norm Scheiber’s Head Lock: The inside story of how Goldman and the banks are getting clobbered on financial reform. By Simon Johnson, co-author of 13 Bankers: The Wall Street Takeover and The Next Financial Meltdown On Thursday [April 22], President Obama […]
NEW YORK (The Borowitz Report) – In a settlement of the government’s securities fraud case against Goldman Sachs, the bank’s CEO, Lloyd Blankfein, has agreed to perform two years of community service as Treasury Secretary of the United States.
A SEC Vote will reveal a titanic political fight: Wall Street-GOP v. the Obama administration and perhaps some strange bedfellows who despise Wall Street as the consummate villain of 2007-2010. From the Huffington Post, By Marcus Baram — The SEC’s lawsuit against Goldman Sachs has sent shockwaves through the financial industry and Washington, D.C. To keep up […]
When Senator Mitch McConnell and the GOP oppose financial reform, make no mistake whose interests they are fighting for: The banking oligarchy. What McConnell is saying in blocking reform is “dangerous and deliberately misleading,” as reformist economist Simon Johnson pointed out Friday night. “About 25 Wall Street executives, many of them hedge fund managers, sat […]
The original Tea Party, remember, wasn’t directed just against the British redcoats. Colonial patriots also took aim at the East India Company. That was the joint-stock enterprise originally chartered by the first Queen Elizabeth. Over the years, the government granted them special rights and privileges, which the owners turned into a monopoly over trade, including tea.
The government has accused Goldman Sachs & Co. of defrauding investors by failing to disclose conflicts of interest in mortgage investments it sold as the housing market was faltering.