Goldman Sachs' Best Crisis Ever!

[UK4Paul]

"The following is how Goldman Sachs made tens of billions of dollars from the economic collapse of America in four easy steps....

Step 1: Sell mortgage-related securities that are absolute junk to trusting clients at vastly overinflated prices.

Step 2: Bet against those same mortgage-related securities and make massive bets against the U.S. housing market so that your firm will make massive profits when the U.S. economy collapses.

Step 3: Have ex-Goldman executives in key positions of power in the U.S. government so that bailout money can be funneled to entities such as AIG that Goldman has made these bets with so that they can get paid after they win their bets.

Step 4: Collect the profits - Goldman Sachs is having their "most successful year" and will end up reporting approximately $50 billion in revenue for 2009."

Full article here:
http://theeconomiccollapseblog.com/...onomic-collapse-of-america-in-four-easy-steps

Comments?

 

[squarepusher]

spectacular

 

[RBS51]

spectacular

You missed a step in there - sudden contraction of the money supply by international banking interests. Timed to coincide with the chaos of a national election. This maximized their opportunities in all areas.

 

[YumYum]

But certainly Goldman Sachs was the most prominent financial player involved in this type of activity.

In fact, without mentioning specifics, Goldman has even admitted publicly to wrongdoing. On November 17th, 2008 Goldman Sachs CEO Lloyd Blankfein even issued a public apology....

"We participated in things that were clearly wrong and have reason to regret."

What bothers me most and is of great concern to me, is that the names of the people involved in ripping off the American public are not Irish. I wish the crooks were a more diversified group.

 

[ctiger2]

It's a shame we don't do here as they do in China to thieves like this...