Goldman Sachs: Making Money by Stealing It
Its business model is grand theft.
by Stephen Lendman
Money power in private hands and democracy can't co-exist. Wall Street crooks transformed America into an unprecedented money making racket.
Goldman symbolizes master of the universe manipulative fraud. It's been involved in nearly all financial scandals since the 19th century.
It makes money the old-fashioned way. It steals it through fraud, grand theft, market manipulation, front-running them, scamming investors, bribing political Washington, having its executives in top administration posts, and getting open-ended low or no interest rate bailouts when needed.
It's business model and culture assure billions of bonus dollars for company officials, complicit traders, and others on the take. It's a crime family, not a bank. It's connected to others like it on Wall Street and corrupt politicians.
Compared to Goldman, Bernie Madoff was small-time. So are most other swindlers. Ones who matter most sit in Wall Street board rooms, plotting other scams.