The Goldman Sachs Group, Inc. is an American multinational investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients. Goldman Sachs was founded in 1869 and is headquartered at 200 West Street in the Lower Manhattan area of New York City, with additional offices in international financial centres.
Former employees include Robert Rubin and Henry Paulson who served as United States Secretary of the Treasury under Presidents Bill Clinton and George W. Bush, respectively, as well as Mark Carney, the governor of the Bank of Canada since 2008, Mario Draghi, governor of the European Central Bank, Mario Monti, the Italian Prime Minister, and former Goldman Sachs lobbyist Mark Patterson is the current chief of staff to Treasury Secretary Timothy Geithner, despite President Barack Obama's campaign promise that he would limit the influence of lobbyists in his administration.[source]
In February 2011, the Washington Examiner reported that Goldman Sachs was "the company from which Obama raised the most money in 2008" and that its "CEO Lloyd Blankfein has visited the White House 10 times."[source]
During the 2007 subprime mortgage crisis, Goldman was able to profit from the collapse in subprime mortgage bonds in the summer of 2007 by short-selling subprime mortgage-backed securities. Two Goldman traders, Michael Swenson and Josh Birnbaum, are credited with bearing responsibility for the firm's large profits during America's sub-prime mortgage crisis.[source] The pair, members of Goldman's structured products group in New York, made a profit of $4 billion by "betting" on a collapse in the sub-prime market, and shorting mortgage-related securities. [source]
Here is Former Attorney General of New York Elliot Spitzer breaking it down on CNN:
And Max Keiser on French TV giving his take:
The trailer for the documentary INSIDE JOB:
5 comments:
walking out of the matrix:
http://www.youtube.com/watch?v=zVEgOiB7Bo8
http://www.youtube.com/watch?v=JKAzZocdQ1Y&feature=related
http://www.cbc.ca/video/#/Shows/1221254309/ID=2228776775
rebel cities?
http://www2.lse.ac.uk/newsAndMedia/videoAndAudio/channels/publicLecturesAndEvents/player.aspx?id=1466
http://www.radioopensource.org/dan-ariely-on-the-irrationality-of-american-inequality/
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