pete
July 26, 2009, 10:42pm
#1
"By the end of March, the Fed will have lent or guaranteed at least $8.7 trillion under a series of new bailout programs — and thanks to an obscure law allowing the Fed to block most congressional audits, both the amounts and the recipients of the monies remain almost entirely secret.
Apologies if this has been posted already; it is a fascinating article on Goldman Sachs, quite lengthy and well worth the read. Not least, how we will see how NAMA turns out, who runs it and what the result is.
rollingstone.com/politics/st … _machine/1
And here’s the real punch line. After playing an intimate role in four historic bubble catastrophes, after helping $5 trillion in wealth disappear from the NASDAQ, after pawning off thousands of toxic mortgages on pensioners and cities, after helping to drive the price of gas up to $4 a gallon and to push 100 million people around the world into hunger, after securing tens of billions of taxpayer dollars through a series of bailouts overseen by its former CEO, what did Goldman Sachs give back to the people of the United States in 2008?
Fourteen million dollars.
Maybe the quotes will grab your attention
