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Tag Archives | Goldman Sachs

Pacific Northwest: Sending coal to China?

SSA Marine, which is 51% owned by Goldman Sachs, has applied for federal and state permits  to build facilities at Cherry Point to ship coal from the Rocky Mountains to China, thereby making the Pacific Northwest the largest coal exporting region in the country. (As many as half a dozen future sites have been proposed along the […]

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Further proof that investment banks are parasites

In Why I am leaving Goldman Sachs, Greg Smith tells how the company apparently is solely focused on how it can best screw its clients. One of my cousins finds investors for small, private companies. He recently bemoaned that companies like Goldman are poisoning the well for everyone else, making start-up capital harder to raise, […]

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The Vampire Squid attempts to strangle Europe

It is not just Mr Monti [the new premier of Italy]. The European Central Bank, another crucial player in the sovereign debt drama, is under ex-Goldman management, and the investment bank’s alumni hold sway in the corridors of power in almost every European nation, as they have done in the US throughout the financial crisis. […]

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How Goldman Sachs created the food crisis

From those crazed radicals at Foreign Policy Don’t blame American appetites, rising oil prices, or genetically modified crops for rising food prices. Wall Street’s at fault for the spiraling cost of food. Instead blame the Goldman Sachs Commodity Index (GSCI) which provides no way to short commodities. Hence traders must continually roll over their longs […]

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Taibbi. DoJ must bring criminal charges against Goldman

His latest for Rolling Stone. They weren’t murderers or anything; they had merely stolen more money than most people can rationally conceive of, from their own customers, in a few blinks of an eye. But then they went one step further. They came to Washington, took an oath before Congress, and lied about it. More […]

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First arrest in insider trading probe

Don Chu of Primary Global was arrested this morning at 6 am on conspiracy charges by the FBI. May there be many more criminal arrests. And the feds are apparently investigating Goldman Sachs too. Be still my heart! I suspect that many thousands of Wall Street banksters and corrupt hedge fund slime will be having […]

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Inside Job, the movie. A must-see

http://www.youtube.com/watch?v=X2DRm5ES-uA The global financial meltdown, at a cost of over $20 trillion, resulted in millions of people losing their homes and jobs. Through extensive research and interviews with major financial insiders, politicians and journalists, INSIDE JOB traces the rise of a rogue industry and unveils the corrosive relationships which have corrupted politics, regulation and academia. […]

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Top 10 ideas for Goldman Sachs new ad campaign

The Vampire Squid is attempting to pretty up its tattered image. The Big Picture wants to help. Here’s a few of their top 10 suggestions for Goldman’s new ad campaign. 9. Government Bailout: $29 billion SEC Settlement: $550 million Doing God’s work? Priceless. 8. Making you forget about Bernie Madoff one CDO at a time […]

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