Showing posts with label goldman sachs. Show all posts
Showing posts with label goldman sachs. Show all posts

Thursday, November 24, 2011

A Former Goldman Sachs Partner Pontificates on the Real Reason for Our Sorry Financial State

For those who can stomach hypocrisy, I highly recommend this video in which we are told by a wealthy banker that the true source of our troubles is socialism:

Wednesday, November 9, 2011

The Trial of Goldman Sachs

Even if you only have time to watch the opening statements by Chris Hedges and philosopher, activist and professor Cornell West, this video, a mock trial of Goldman Sachs by members of Occupy Wall Street, is well-worth watching. The array of 'crimes' committed by the investment banker and the absence of any meaningful penalty for those crimes are an ample illustration of the core truth being promoted by the Occupy Movement.

Monday, November 7, 2011

Finding Freedom in Handcuffs

That is the title of Chris Hedges' latest column at truthdig.org, written after his arrest for sitting on the sidewalk in front of Goldman Sachs in New York. It is a powerful indictment of the immorality that pervades the ethos of unfettered capitalism, and a poignant reflection on some of the experiences that led Hedges to support and be part of the Occupy Movement.

While some may recoil from his evocative but strong imagery, his words help bring us to a truth that few are willing to truly confront as we go about our daily lives, ensconced in our layers of identity that insulate and isolate us from the true meaning of humanity.

Sunday, November 6, 2011

Chris Hedges' Indictment of Goldman Sachs

Prior to his arrest the other day for sitting on the sidewalk in front of Goldman Sachs, Chris Hedges issued the following indictment of the investment banking and securities firm:

Goldman Sachs, which received more subsidies and bailout-related funds than any other investment bank because the Federal Reserve permitted it to become a bank holding company under its “emergency situation,” has used billions in taxpayer money to enrich itself and reward its top executives. It handed its senior employees a staggering $18 billion in 2009, $16 billion in 2010 and $10 billion in 2011 in mega-bonuses. This massive transfer of wealth upwards by the Bush and Obama administrations, now estimated at $13 trillion to $14 trillion, went into the pockets of those who carried out fraud and criminal activity rather than the victims who lost their jobs, their savings and often their homes.

You can read the rest of the indictment, which includes its unconscionable food profiteering practices, here.