Did Goldman Sachs engineer the current depression?

  1. kerryg profile image88
    kerrygposted 8 years ago

    Did Goldman Sachs engineer the current depression?

    A couple interesting articles popped up on my f-list on LiveJournal today and I would love to hear your opinion of them if you have the time or inclination:

    http://community.livejournal.com/ontd_p … 42460.html
    http://community.livejournal.com/ontd_p … 39864.html

    Thanks!

  2. profile image0
    pgrundyposted 8 years ago

    I read both articles at the links you provided. I'd heard about Matt Taibbi's Rolling Stone article but I haven't read it yet. I will now. Sad to say I think there is a lot of truth in both of these linked articles. If you think about it, it's insane that under Bush we had a CEO of Goldman as Treasury Secretary who had the brass balls to hold up Congress with the threat, "Give me $700 billion in unmarked bills now, no questions asked, or the economy gets it!" And they GIVE HIM THE MONEY! And the ECONOMY STILL GETS IT!!! Outrageous.

    Well nothing has changed. The same conflicts of interest continue right into the Obama administration, no accountability, no reregulation, just more big bank giveaways and the shadow banking system still gets pretty much whatever it wants no questions asked.

    Here's a link to TARP Congressional Oversight Panel Chairman Elizabeth Warrens' June report on the banks;

    http://cop.senate.gov/video/index.cfm#tab15

    Watch it to the end if you can, you'll see her desperation.

    I'll come back and hub this. I have to read Taibbi though first. Thanks for the links.

 
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