Why Goldman Sachs is being Villified

Must Read

WhatsApp Might Lose 60 Million Indian Users Post Updated Policy Changes, New Survey Reveals!

The Facebook-owned instant messaging platform’s decision to update their privacy and terms of service brought about a...

Uber and Ola In Hot Water: India Authorities Launch Fresh Probe!

The Directorate General of Goods and Services Tax Intelligence (DGGI) sent a summons to Uber and Ola...

Happy B’Day Gordon Moore: One Of The Founding Fathers Of Silicon Valley

Gordon Earle Moore co-founded the paramount Intel Corporation (NASDAQ: INTC) with Robert Noyce in July 1968, which is worth $204.16...

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).

Advertisements

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.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Advertisements

Latest News

Snapchat Spotlight: A New Way for Creators to Earn Money

Short-form video applications have increased overwhelmingly in popularity in recent times. The surge in this format of...

COVID-19 Unemployment Leading To Ageing Indian Workforce, CMIE Reports

The latest data shared by the CMIE aka Centre for Monitoring Indian Economy has highlighted a huge red flag.

The Slip-Ups Keep On Coming: WhatsApp Web Users’ Mobile Data Leaked On Google

As the developments have unfolded over the past week, the clock for WhatsApp seems to be ticking with every passing minute and...

Trump Administration Has Landed Its Final Blow On Chinese Companies: Xiaomi Blacklisted!

In its recent move to safeguard national security, the United States’ Trump Administration has decided to go after China’s second-biggest smartphone marker...

Huawei Is Gunning For Acquiring A Fifth Of Android’s Userbase With Its Own HarmonyOS!

After Google’s ban on Huawei in 2019, the Chinese-origin tech company is all set to roll out HarmonyOS later in 2021 as...

Battle Lines Are Drawn: Qualcomm’s Latest Acquisition to Challenge Apple, Intel

The quest to gain supremacy creates a butterfly effect for sure. With the challengers and the champion pulling out all stops to...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

More Articles Like This