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Where there is unconscionable conduct by a bank, Goldman Sachs are there. Where there is large scale fraud, Goldmans are there. Where politicians buy themselves
by harry8 11y ago
Where there is unconscionable conduct by a bank, Goldman Sachs are there. Where there is large scale fraud, Goldmans are there. Where politicians buy themselves a year of office at the expense of many years of misery for the people - Goldman's advising.
Why do these guys have a banking license in the EU?
- mikhailfranco 11y agoThey are not punished, but praised and rewarded. Draghi was head of GS Europe at that time, now he is head of the ECB, with the power of ELA, OMT and Q€ to control the fate of nations.
- Ntrails 11y agoWhen Gordon Brown launched the PPP scheme to essentially finance infrastructure development off the balance sheet, it was not an investment bank to blame - but a politician looking to fiddle the books to look good. GS are a symptom, not a cause. They have a license is because they did and do what the people in power wanted, and until you can come up with a way to change the people in power and the incentives they have to stay there...