Showing posts with label Goldman Sachs. Show all posts
Showing posts with label Goldman Sachs. Show all posts

Tuesday, January 29, 2013

Goldman Sachs Made 400 Million in 2012 Manipulating Food Commodities Derivatives

Goldman Sachs Made 0 Million in 2012 Manipulating Food Commodities Derivatives
"Some will point to ever increasing food costs as their proof of inflation caused by an expansionary monetary policy by the Federal Reserve, but that’s not true.  Food costs and other must have commodities are being manipulated by Wall Street so that every time you buy a loaf of bread – you’re funding the bankers.  Every time you buy tortillas – you’re giving pennies at a time to bankers.  Goldman Sachs has invested $44 TRILLION into derivatives (source) with an unknown amount of that being funneled directly into commodities.  They’re cornering the market to make sure they extract their pound of flesh.  Worse yet – they’ve sued the Obama administration for implementing regulations that would limit how banks can manipulate food prices.  The courts ruled on behalf of the banks and against the Obama administration."

Tuesday, January 22, 2013

Goldman Sach's Food Speculation Turns Global Hunger Into Wall Street Profit | Common Dreams

Goldman Sach's Food Speculation Turns Global Hunger Into Wall Street Profit | Common Dreams
"As the world's most vulnerable populations succumb to surging global food prices—driven in part by drought, climate change, and a global food system increasingly vulnerable to the whims of commodity speculation—Goldman Sachs has managed to turn the poverty and suffering of others into profits for itself."

Tuesday, January 8, 2013

Goldman Sachs Sets Up Secret Fund To Skirt New Financial Rules On Risky Trading

Goldman Sachs Sets Up Secret Fund To Skirt New Financial Rules On Risky Trading: Goldman Sachs chief executive Lloyd Blankfein has said repeatedly that his bank would comply with the Volcker Rule, a new regulation from the Dodd-Frank Wall Street Reform Act meant to eliminate the most risky trades from banks that have the backing of the federal government and its taxpayers. Despite those promises, the bank has set [...]/p

Friday, November 30, 2012

Lloyd Blankfein is the Face of Class Warfare

Vermont Senator Bernie Sanders took to the Senate floor Thursday to call out the audacity of corporate-minded millionaires and billionaires, calling them the new "face of class warfare" in the United States.

Wednesday, November 28, 2012

Wednesday, November 14, 2012

It's the "Jobs Cliff," Stupid! | Common Dreams

It's the "Jobs Cliff," Stupid! | Common Dreams
"In other words, the “fiscal cliff” is another classic example of what Naomi Klein called “Disaster Capitalism.” Create a panic, and then profit from it. For example, Wall Street is helping fund groups like the Third Way that are pushing hard for us to give our Social Security Trust Fund – which has over two and a half trillion dollars in it – to Goldman Sachs and Citibank so they can take care of it for us. Doesn’t that make you feel all safe, and warm-and-fuzzy?"