Goldman Sachs

Malaysia charges 17 current & ex-Goldman Sachs bosses with looting of country’s wealth fund

Superyacht linked to Malaysia’s state fund looting scandal © AFP / Sonny Tumbelaka RT | August 9, 2019 Malaysia has extended pressure on Wall Street titan Goldman Sachs, filing criminal charges against 17 current and former directors of the bank’s subsidiaries over alleged involvement in the multi-billion-dollar 1MDB scandal. Goldman Sachs has been under scrutiny […]

The Futility of Populism

On May 13 the Oval Office in DC was graced by the presence of Hungarian Prime Minister Viktor Orban. Orban is known for his defense of ‘Christian Europe’ against invading migrants along with the accompanying ‘virus of terrorism’ and for what he calls ‘illiberal democracy’, which includes such initiatives as restricting press freedom, undermining judicial independence, and shutting down Central Europe University, while circulating some obvious anti-Semitic propaganda around its founder George Soros.

Cooking Books and Limiting Responsibility: The Goldman Sachs Playbook

Managing a bank will always be a more lucrative criminal enterprise than raiding one but this Brechtian styled analysis only goes so far.  A closer look at the extraordinary nature of Goldman Sachs and its operations reveals not merely a bank but a flesh-eating cult of considerable proportion, brazen in its operations and indifferent to authorities.  While states have been surrendering their functions to banks with more regularity than unconscious organ donors, the catch-up was bound to happen.

Goldman Sachs faces criminal charges in Malaysia for helping billions vanish from state fund

RT | December 18, 2018 Malaysia filed criminal charges against Goldman Sachs and two ex-bankers over the multi-billion dollar looting of state fund, 1MDB. The US bank denies the accusation, claiming it was deceived by the previous Malaysian government. The subsidiaries of the Wall Street banking giant and its former key employees, ex-chairman of Goldman’s […]

Global Banking Stocks Are Crashing Hard – Just like They Did in 2008

(ZHE) “Fortress balance sheets?”…  “It’s different this time”… “Greatest economy ever.” If all of that is true, then why are the stocks of the most systemically important banks in the world collapsing? And the banking collapse is leading global stocks lower – probably not coincidentally as global central bank balance sheets contract… As The Economic Collapse blog’s […]

Thanks to Obama and Trump, America’s Five Largest Banks Raked in $583 Billion Since 2008 Crash

“With no jail time for executives and half a trillion in post-crisis profits, the big banks have made out like bandits during the post-crash period.” (CD) — The 2008 financial meltdown inflicted devastating financial and psychological damage upon millions of ordinary Americans, but a new report released by Public Citizen on Tuesday shows the Wall Street banks that caused the crash with […]