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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCongress Suddenly Cares @Accountability? Goldman Sachs Lied to Congress About Defrauding Americans!
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.
Thanks to an extraordinary investigative effort by a Senate subcommittee that unilaterally decided to take up the burden the criminal justice system has repeatedly refused to shoulder, we now know exactly what Goldman Sachs executives like Lloyd Blankfein and Daniel Sparks lied about. We know exactly how they and other top Goldman executives, including David Viniar and Thomas Montag, defrauded their clients. America has been waiting for a case to bring against Wall Street. Here it is, and the evidence has been gift-wrapped and left at the doorstep of federal prosecutors, evidence that doesn't leave much doubt: Goldman Sachs should stand trial....
But Goldman, as the Levin report makes clear, remains an ascendant company precisely because it used its canny perception of an upcoming disaster (one which it helped create, incidentally) as an opportunity to enrich itself, not only at the expense of clients but ultimately, through the bailouts and the collateral damage of the wrecked economy, at the expense of society. The bank seemed to count on the unwillingness or inability of federal regulators to stop them and when called to Washington last year to explain their behavior, Goldman executives brazenly misled Congress, apparently confident that their perjury would carry no serious consequences. Thus, while much of the Levin report describes past history, the Goldman section describes an ongoing? crime a powerful, well-connected firm, with the ear of the president and the Treasury, that appears to have conquered the entire regulatory structure and stands now on the precipice of officially getting away with one of the biggest financial crimes in history.
http://www.rollingstone.com/politics/news/the-people-vs-goldman-sachs-20110511
Huey P. Long
(1,932 posts)Ghost of Huey Long
(322 posts)They are such hypocrites. Them and their corporate suck up media. We need to go on the offense instead of letting them distract with their idiocy.
Why don't they demand accountability for Wall St Execs, they have screwed over a lot more people than this BS.
Why don't Americans demand accountability of the real criminals?
Huey P. Long
(1,932 posts)Even if it contradicts former statements. Games, suckers, dupes.
1StrongBlackMan
(31,849 posts)Ghost of Huey Long
(322 posts)Ghost of Huey Long
(322 posts)'what luck for the rulers that men don't think' A Hitler
Po_d Mainiac
(4,183 posts)are fed their 'reality.' Which they gladly accept, no questions asked.
Ask Joe Sixpack about the bailouts and TARP. If he's even aware of the occurance, he likely believes we (USA) have turned a profit.
Ghost of Huey Long
(322 posts)time to stop letting karl rove and the corporate media create reality
Fire Walk With Me
(38,893 posts)Ghost of Huey Long
(322 posts)I think we should start calling the shots, not waiting for corporate media to manufacture bullshit.
jannyk
(4,810 posts)Ghost of Huey Long
(322 posts)nt
Ghost of Huey Long
(322 posts)and yet we follow along and talk about whatever the republican controlled corporate media wants us to.