• Goldman Sachs exposed |
Financial 2009-06-26 |
Speaking of the Manhattan "financial industry", and specifically ringleader Goldman Sachs, this writer spells it out:
"These crap/sham mortgages, a lot of them adjustable-rate deals with teaser rates that featured sudden rate hikes two or three years after closing, they would never have been possible [in such volume] had not someone devised a method for selling them off to secondary buyers...This isn't really commerce, but much more like organized crime: it was a gigantic fraud perpetrated on the economy that wouldn't have been possible without accomplices in the ratings agencies and regulators willing to turn a blind eye...
Any way you slice it, Goldman Sachs was responsible for putting tens of billions of toxic mortgages on the market, resulting in mass foreclosures, mass depletion of retirement funds, and a monstrously over-leveraged financial system that we will now all be bailing out for the next half-century or so. All of this so that Goldman could make a few billion bucks acting as the middleman in all of these deadly transactions." -- Matt Taibbi
See his complete essay in the latest issue of Rolling Stone.
However, he fails to mention that Goldman CEO Lloyd Blankfein is yet another member of that rich Jewish Zionist clique who buffs his image by donating part of his loot to "worthy" (pro-Israel) causes, like the UJA Federation ($125,000) and B'nai Jeshurun ($115,000).