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Goldman Sachs: Making Money by Stealing It

By       Message Stephen Lendman       (Page 1 of 7 pages)     Permalink    (# of views)   No comments

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Goldman Sachs: Making Money by Stealing It


Its business model is grand theft.

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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.

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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. 

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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.

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I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

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