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Post by Rockhopper on Tue Aug 04, 2015 2:56 pm

Goldman Sachs. That name appears everywhere there is a crisis!

Ever since the stock market crashed, on the night of September 15, 2008, the name Goldman Sachs, or GS, has been appearing everywhere: in the collapse of the financial system, the Greek crisis, the plunge of the euro, and the campaign to prevent regulation of financial markets.

The investment bank created in New York in 1868 has carved out its reputation and success by working silently behind the scenes.

But today GS stands accused of myriad charges: playing a key role in the subprime loan fiasco, pushing several of its competitors into bankruptcy, helping countries like Greece hide their deficits before speculating on their downfall, precipitating the fall of the euro, and influencing the consumer price index. And yet GS has come out of this latest crisis richer and more powerful than ever.

Source.

Tim.
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Post by Lenzabi on Tue Aug 04, 2015 5:19 pm

Don't forget their role in the Puerto Rico debacle

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Post by Rockhopper on Tue Aug 04, 2015 8:53 pm

And Greece too. And Argentina, Chile and anywhere else where there are financial difficulties, when you dig around there they are like a big maggot feeding on the corpse.

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