Tuesday, February 16, 2010

Goldman Sachs and the Law

Let's assume, just for the sake of argument, that Goldman Sachs is a criminal enterprise. Let's assume that they have illegally manipulated markets. Let's assume that they have used secret currency swaps to hide Greek debt. Let's assume that they then shorted Greek debt to profit from their insider knowledge of those secrets. Let's even assume that Goldman Sachs employees are arming themselves like they were Bugsy Siegel.

Let's assume, just for the sake of argument mind you, that Goldman Sachs is a criminal cartel so massive they make the Mafia look like a street corner pot dealer. What law could possible bring them to justice?

In the United States Goldman Sachs owns the Treasury Department and the Federal Reserve. They have successfully infiltrated the top echelons of government. Quite literally, Goldman Sachs owns the cops on the beat.

How about the European Union? Couldn't they do something? There is talk of banning Goldman from working in Europe. However, the Euro is in danger of collapsing and Goldman might threaten worse if they are banned. Think of it as a horse's head in the bed.

We talk about banks that are To Big To Fail. Goldman Sachs is a bank that is To Big To Control. Of course, this is all just wild speculation. Goldman Sachs is really just a puppy dog, Ben Bernanke tells me so.
Not Goldman Sachs business attire.

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