Why Goldman Sachs is being Villified

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Apart from BP. the Oil giant facing flack for it’s role in the Gulf of Mexico Oil Spill Disaster, another company remains the target of ire of the american public. That company is Goldman Sachs, a 140 year old investment banking and securities firm, which has recently been the target of a civil lawsuit by the SEC.

Goldman was not the only company responsible for the catastrophic financial crisis that has and continue to plague America since 2008, why is it the prime target for the public’s anger?

The reasons are not difficult to figure out. Inspite of a bleeding economy, they have continued to thrive and changed the laws with the help of their close connections with the Government (Then Treasury Secretary, Hank Paulson who gave away 700 Billion dollars of taxpayer money to bail out wall street for their gambling mistakes, is an ex-ceo of Goldman, and so was Robert Rubin, who was treasure sec. during Clinton’s regime and the guy who deregulated the financial markets so that banks could take those risks in the first place).

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While the economy crumbled down like a house of cards, and ordinary americans were losing their homes, Goldman announced record profits and paid themselves Billions of dollars in bonuses. They have been described as Ivy League Crooks, and probably are the best example of an oft-referenced quote “The best way to rob a bank is to own one”

So just who is Goldman Sachs.  Given below is an interesting graphic to show (click image for full size) how far the tentacles of the vampire squid extends *

Note * : If you are unaware of the term, I recommend you read this first

So if this isn’t enough to get the American Public and any hardworking person with any semblance of conscience to get mad, I don’t know what does.

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