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The Eagle

The Vampire Squid Strikes Again: The Mega Banks' Most Devious Scam Yet

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Matt Taibbi investigating and exposing the full extent of how Goldman Sachs and a couple of other global investment banks got to literally own the physical commodities markets and how they set prices as it suits them. Very well written and well worth reading:

http://www.rollingstone.com/politics/news/the-vampire-squid-strikes-again-the-mega-banks-most-devious-scam-yet-20140212

GS is the real global Mafia, the Italian mobsters are small time crooks compared to GS.

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Edited by The Eagle

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Matt Taibbi investigating and exposing the full extent of how Goldman Sachs and a couple of other global investment banks got to literally own the physical commodities markets and how they set prices as it suits them. Very well written and well worth reading:

http://www.rollingstone.com/politics/news/the-vampire-squid-strikes-again-the-mega-banks-most-devious-scam-yet-20140212

GS is the real global Mafia, the Italian mobsters are small time crooks compared to GS.

---

Penning the words GS and Mafia is an insult to old world crime.

At least the Italians have some vestige of ethics whereas GS sees every living thing as a target for tribute.

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Matt Taibbi investigating and exposing the full extent of how Goldman Sachs and a couple of other global investment banks got to literally own the physical commodities markets and how they set prices as it suits them. Very well written and well worth reading:

http://www.rollingstone.com/politics/news/the-vampire-squid-strikes-again-the-mega-banks-most-devious-scam-yet-20140212

GS is the real global Mafia, the Italian mobsters are small time crooks compared to GS.

---

I re-post that link here, because it is to utterly breathtaking:

http://www.rollingstone.com/politics/news/the-vampire-squid-strikes-again-the-mega-banks-most-devious-scam-yet-20140212

Absolutely mind-boggling. It just BEGGARS belief.

These people need to be STOPPED - STOPPED IN THEIR TRACKS NOW. They need to be COMPLETELY DISMANTLED NOW.

Don't know about anyone else -- but just a small example -- over the last few years -- the price of fuel - petrol, diesel, oil --- I just had this innate sense that it was being COMPLETELY rigged/manipulated.... To me - there seemed no visible/transparent reason WHY the cost just kept going up and up and up....... And, of course, this just meant that the price of everything else went up and up too....

These people need to be thrown in jail. WHEN is this going to FINALLY happen?? :angry:

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EDIT!!!!

Well, well, well!! If you read the Letters/Comments at the end of page 5 of that excellent Rolling Stones article linked above - [You MUST read them!] -- Lo and behold: I spotted this:

"wolfganger • 6 days ago

Altough metals scarfing is profitable enough for the banker bonus pool, the serious coin remains in gasoline and heating oil, where the retail price hovers at $4 a gal. and the vigorish to Goldman et al is running at $1.50. The world is awash in oil, and the USA, contrary to what you might think, is actually a net exporter of the stuff. To understand where free-market prices would be without manipulation, take a look at the dockside price in Caracas for marine diesel: seven cents a gallon. That is $2.94/bbl, a long long way from West Texas Intermediate, priced at $108.50.

Every time you fill your tank, you pay a tax to Goldman. It is not a small tax. It represents 30 to 40% of the retail price. You have to buy the stuff, as you are locked in. Goldman loves that arrangement. You pay; they get richer.

9 • Reply•Share ›

I rest my case, M'Lord....... :rolleyes::rolleyes:

Edited by eric pebble

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Goldman Slammed With $5.1 Billion Fine For "Serious Misconduct" In Mortgage Selling

20160411_gs.jpg

Hot on the heels of Wells Fargo's $1.2 billion settlement, Bloomberg reports that Goldman Sachs will pay $5.1 billion to settle a U.S. probe into its handling of mortgage-backed securities involving allegations that loans weren’t properly vetted before being sold to investors as high-quality bonds. “This resolution holds Goldman Sachs accountable for its serious misconduct in falsely assuring investors that securities it sold were backed by sound mortgages, when it knew that they were full of mortgages that were likely to fail,” said Acting Associate Attorney General Stuart Delery.

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