Goldman Sachs and Shell "Win" Public Shame AwardsQuicklink submitted By Amanda Lang Permalink
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Goldman Sachs and Shell Do It For Money
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|A Wall Street titan and an oil giant have been singled out for their shameful pursuit of wealth by two progressive European organizations.
In presenting the Public Eye Awards, Greenpeace Switzerland and the Berne Declaration (BD) chose to denounce Goldman Sachs and Shell for their "greed for profit and environmental sins."
Goldman Sachs, recipient of the jury award, was dishonored for its role in creating the global financial crisis and helping cripple Greece's economy. In the words of Andreas Missbach of Berne Declaration, "Goldman's derivative deals, which fudged Greece's way into the Eurozone, pawned the future of the Greek people." In order to meet the requirements to join the European Union, the Greek government needed to mask the true level of its national debt. In 2001 Goldman Sachs stepped in and provided a secret loan using a fictitious historical exchange rate to...