Why Goldman Sachs Is The Evil Empire!

Discussion in 'Media' started by Lookout, Jul 16, 2009.

  1. Lookout
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    Lookout Active Member

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    [ame=http://www.youtube.com/watch?v=NqGP3Oc5MOI]YouTube - Glenn Beck: Why Goldman Sachs Is The Evil Empire![/ame]
     
  2. wimpy77
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    wimpy77 Member

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    yeah like im really gonna listen to glen beck.
     
  3. eagleseven
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    eagleseven Quod Erat Demonstrandum

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    Similar piece by Rolling Stone Magazine earlier this month. In short, anybody who means anything in both Wallstreet and Washington are linked to Goldman Sachs...and anyone connected with Goldman Sachs always ends up filthy rich after these economic crises.

    It's the definition of an institution "too big to fail"; not too big, but too well-connected to fail. This is what we mean by "crony Capitalism."
     
    Last edited: Jul 16, 2009
  4. twogreen2c
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    twogreen2c VIP Member

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    I'm glad to see this is getting national coverage, but I knew about it months ago. There is a financial advisor by the name of Steve Cordasco who does a Saturday morning radio program in the Philadelphia area. One day he detailed all the key players and said Henry Paulson allowed Lehman Brothers to fail because they were Goldman Sachs biggest competitor. He would go off about Paulson all the time. What was really amusing was Steve does a daily market update for the radio station and the other day when he reported on Goldman Sachs huge profits, he sarcastically said "oh what a surprise."
     
  5. Toro
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    Toro Diamond Member

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    The reason why Goldman alum are all over government is because Goldman was the only Wall Street firm that actively encouraged people to go into government and do their civic duty.
     
  6. chanel
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    chanel Silver Member

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    And of course their civic duty included putting their two biggest competitors out of business and lobbying for bailouts for their creditors. What patriots!

    Where are the pitchforks?
     

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