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Sunday, July 19, 2009

'Government Sachs' Strikes Gold ... Again

By Robert Scheer
Connect the dots: Goldman Sachs made $3.44 billion in profit this past quarter, while the U.S deficit topped $1 trillion for the first time in the nation's history and appeared to be headed toward doubling that figure before the budget year is out. Since most of the increase in the federal deficit is due to bailing out the banks and salvaging the greater economy they helped destroy, why is the top investment bank doing so well? LinkHere
Goldman Sachs Posts Record Profits

Matt Taibbi Probes Role of Investment Giant in US Financial Meltdown
By Democracy Now - Audio and Transcript
Goldman Sachs, the nation's most powerful financial company, has reported the richest quarterly profit in its 140-year history: $3.44 billion between April and June. We speak to Matt Taibbi, whose new Rolling Stone article argues that "Goldman Sachs has engineered every major market manipulation since the Great Depression." LinkHere


Blogger Sandra said...

See the movie "Stock Shock" for a real education in short selling and NSS. Amazon has it.

20/7/09 12:13 PM  

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