Why Goldman Sachs, Jon Corzine, and the Rest of Wall Street Will Never Face Prosecution From Democrats (Congress, campaign)
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Actually, there is more than simple campaign contributions or revolving doors. GS is one of the top firms literally "running" the world. If you are looking at the "fake" paradigm of D's and R's you are in the "kiddie pool". Revealed – the capitalist network that runs theworld - physics-math ...
They also are share-holder controlled by govt. That 67% is probably more than that currently.
This is when the derivative bubble was being setup and jobs started that giant sucking sound.
One of the largest events in the firm's history was its own IPO in 1999. The decision to go public was one that the partners debated for decades. In the end, Goldman decided to offer only a small portion of the company to the public, with some 48% still held by the partnership pool.[18] 22% of the company was held by non-partner employees, and 18% was held by retired Goldman partners and two longtime investors, Sumitomo Bank Ltd. and Hawaii's Kamehameha Activities Assn (the investing arm of Kamehameha Schools). This left approximately 12% of the company as being held by the public. With the firm's 1999 IPO, Paulson became Chairman and Chief Executive Officer of the firm. As of 2009, after further stock offerings to the public, Goldman is 67% owned by institutions (such as pension funds and other banks).[19]
The more information we know, the better off we are.
Commodity Futures Modernization Act of 2000 was very important. More so than repealing Glass-Steagall. Though that repeal was all part of the bigger picture. The mass manufacturing off-shoring (-31%+) since 2000 and bubble blowing of what was left.
Can also check out GS's role in their commodity index they setup that was sold to S&P.
Plenty "know" all kind of stuff, but what you do about it seems to be more important. (LOL)
However, awareness is always a first step.
Follow the money.
JPM is another fun one. Also self-regulating and share-holder owned by govt.
US Treasury Bond Teetering TowerOfBabel, FedStuck At 0% Forever
quote: What the Interest Rate Swap does is to create artificial demand for the end product USTBond, no real buyer, in a magnificent display of 50:1 leverage, sometimes as much as 100:1 leverage. Repeat that -- no real buyer of the USTBond, all artificial, all coming from the IRSwap device.
That FED report they put out showed over 26trillion going out. About 10trillion was in swaps.
I don't disagree with seeing some of these folks prosecuted.
Jon Corzine being let off the hook would truly be criminal in itself.
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