The financial industry pays one fifth of all US taxes, alone.
Come on wall street, isn’t the ephithet “liar” a little extreme?
‘specially if you consider that without the intervention of the government to protect them from catastrophic losses they had so cunningly insured against with worthless scraps of AIG paper Goldman would be bankrupt today?
They got $13 billion from the fed bailout of AIG, made possible by former GS Chairman Paulsen.
Face it, it's all intertwined and corrupt, and you are one of the few pom-pom wavers left on FR for this level of goverment/Wall Street/Fed corruption.
There were some recent articles on a theft of GS trading code. One story reported (excerpt):
“because of the way this software interfaces with the various markets and exchanges, the bank has warned it could be used to “manipulate markets in unfair ways”
My question is: How do they know the software can be used to manipulate the market in unfair ways? And does this have any relationship to their $6.8 billion in second quarter trading profits?
Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression
The ancient Greeks had to compel their citizens to give up a year of their life to government service. Their belief was that if anyone actually wanted to rule and control their fellow citizens, they should immediately be put to death because obviously they were up to something. Time to bring that back! Let's start with all the "former" Goldman employees currently in government "service" writing the "heads I win/tails you lose" legislation that will haunt America for generations to come.