Ratigan on Goldman Sachs: "Legalized Theft"

Wealth Daily

Ratigan on Goldman Sachs: "Legalized Theft"

The Great Vampire Squid Strikes Again

By Steve Christ
Monday, October 19th, 2009

Here's a video from Dylan Ratigan that speaks for itself. It's about how Goldman Sachs has taken all of us to the cleaners.

Roll the tape....

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The great vampire squid strikes again.

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Comments:

Comment by Thomas Harrell on 2009-10-19

Dear Mr. Dylan Ratigan.

With all due respects Sir you are wrong. Goldman Sachs did exactly what any company would have done if put this position. They are not the bad guys in this scenario. Would you blame the home owner if he got a no strings attached no interest loan from a bank and he bought a big fancy home. Certainly not. You would say stupid banker. Now is the TARP, FEDERAL RESERVE, FDIC OR AIG to blame? That bureaucracy is under the control our duly elected representatives. Remember it was OBama's stimulus incentive program that passed the Senate. So point the finger right at the top. It's Obama and his merry men. The band of Senators and Representatives that doled out the cash with no strings attached.
Go after the right crook before he bankrupts the country.

Sincerely
Thomas Harrell

Comment by paul on 2009-10-24

With Halloween fast approaching, this article is, indeed, correct, Thomas.

Goldman runs the government! Haven't you heard of Government Sachs?!? So when the US taxpayer acts as a backstop for all of Goldmans foibles, and then gets 'paid back', while Goldman announces record profits, you know that it was Government Sachs who came to 'save the day!'

These guys are Vampires feeding at the necks of the American taxpayer and enabled by their protectors at Government Sachs.

Makes you ill when you understand just how corrupt this system is.....

Comment by MarkO on 2010-04-14

The criminal scam was deliberately causing the crash by eliminating Glass Steagal and eliminating all reserve requirements. That allowed and promoted amazing leverage and wreckless gambling for massive profit and bonuses if you bet right. If you bet wrong and you lose and go bankrupt you get to walk away with a big bonus and the taxpayer pays the losses. Henry Paulson is a criminal who directed the huge bailout scam to his friends at Goldman. It could have been given to Lehman or Merril and they would all be rich today. That is not the way the criminals planned it from the start. This just like 9/11 (the 2 greatest scams ever) will never be investigated and no one will ever be prosecuted.