Greece’s secret loan from Goldman Sachs Group Inc. was a costly mistake from the start for Greece, Italy, and all of Europe. Goldman (along with other investment banks) raked in billions while counseling foolish clients on how to self-destruct. In the process they took the world economy on a crazy, painful ride from ludicrous leverage to the inevitable aftermath of depression-like-conditions from which we will spend years struggling to recover. And for the “genius’ of their remarkable advice and service the financial world and politicians lauded and acclaimed Goldman as the “best of the best”. Time to admit, repent, rethink– time to get the vampire squid off the face of humanity. They are predators looking out for their own profits. We need to clearly label them as such and stop looking to them as trusted advisors. Stop giving them inside access and preferential treatment. Its like leaving pedophiles to run a daycare. Stop the madness. Here is the direct link.
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So who will eat the haircut that Goldman is going to take – taxpayers again?
While my perfect world excludes miscreants like Goldman, unless en-mass outrage occurs, the chance of Goldman becoming part of the history books (along with BOC Carney) is slim to none.
Bankers, via their political servants, run the world. Until the guy on the street understands that, we cannot move forward.