posted on Apr, 13 2011 @ 10:56 PM
I didn't see this posted anywhere yet, but if my search just happened to miss a previous thread mods feel free to delete this.
Goldman blasted for conflicts of interest
"Our investigation found a financial snake pit rife with greed, conflicts of interest, and wrongdoing," said Senator Carl Levin, chairman of the
Senate subcommittee charged with investigating the causes of the financial crisis.
Now I know that this is just a report, but I feel like maybe Congress isn't going to just keep letting banks get away with fraud. It seems like as of
late many in Congress have been speaking out against Wall Street, and that has spread a lot to the general population.
And this is how awareness will be spread. Not many people are willing to take the time and research how businesses and banks run. But when MSM (even
with how controlled by the elite it is) runs these stories, it gives me hope, because I know many people rely only on MSM for their information.
If a "scathing" report is what it takes to get people interested in the wrongdoings of banks, then I am all for it. Hell, I hope there is many more to
Maybe, if we are lucky, people will start calling for reforms to banks. And they will hold their elected officials to these reforms. Of course, that
is only if we are lucky.
I hope the people awaken soon, and stop letting the minority rape the majority.
The article basically says that a Senate panel, by way of internal documents and memos and testimony, issued a report stating there is evidence of
greed, corruption, and wrongdoings in Goldman Sachs and Deutshce Bank. They were implicated for securities, which they marketed out to clients yet bet
against them at the same time.
"In my opinion, they (Goldman) clearly misled their clients and they misled the Congress," Levin added.
The panel even goes as far to directly call them out for misleading us.
edit on 13-4-2011 by TripleSalCal because: Added info