the culture of Goldman Sachs explained by Max Keiser

Max Keiser talks to Stacy Herbert about the culture of Goldman Sachs
recorded on October 24th 2009

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News & Politics

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[mozaks80]

So.. it's illegal to rob people unless you're big enough to have the govt in your pocket... nice

[incredibulluke]

one of the biggest thieves of all time, robbing American people blind

[mozaks80]

@MrSpringooo: It's easy to now see the elite upper echelon of the financial sector (among other sectors) acting almost as puppet masters of the govt, which makes it far easier to comprehend this picture. Why would a mega corporation act in a fundamentally philanthropic manner after all? They're one and only goal is profit, the people of America don't even rank 2nd or 3rd here...

[MrSpringooo]

@mozaks80 ,,, financial system is managed by people lacking integrity & the gov. is acting like a total naive so, if they call that free market economy sorry i'll pass. all the tax payers ultimately turn out to be the"suckers" bec, these idiot financial firms are bailed-out by tax payers' money.. what a shameful,sick policy by the gov!!

[concubinage]

@incredibulluke The whole world***

[dalecampbl8]

Goldman Sachs needs to be burned to the ground and its executives lynched

[radicalsquare]

I will say that Dylan Ratigan is far ahead of the curve among the talk show hosts in their criticism of the fraud that GS perpetrates. Charlie Rose, as Max says, no so much.

[WarrivarNeo]

@PredominateOne what liabilities? they get bailed out by the central bank. I would bet my left nut that no bank in the western world sticks to the 10% reserve requirement anymore.

and what do you mean they cant make a profit? they make 100+(n)% in profit on every "loan" because every time they "loan" money they just create it putting up none of their own assets.

[PlayBoyohsoFresh]

@eighttracks yes.

[bella0black]

@incredibulluke not exactly... they're robbing the entire world.

[4390100]

@eighttracks Not sure exactly what you mean. But, the FED has stockholders just like Goldman Sachs, the trouble with the FED stockholders, it is difficult to get complete information on them. So it is a separate entity to a degree, but they probably have the same people owning it that own most of the major Banks, who knows? As for the FED, I'd like it back under the control of Congress and they kind of need an amendment to make sure they never again lose it.