Goldman Sachs has been a conspicuous presence at the scene of one disaster after another in the past half century. The bank is a leader in a Wall Street business model that relies on market manipulation and unsustainable financial bubbles to enrich a few insiders, but that produces disastrous consequences for the rest of us.
White House National Economic Council director Gary Cohn, former president of Goldman Sachs, said recently that “only morons pay the estate tax.”
The Trump administration may be dazed and confused about many things, but not about its corporate agenda.
Just as Donald Trump mortgages the White House to Goldman Sachs, Barak Obama does a Hillary by agreeing to take $400,000 from Wall Street to give one speech. Obama will make as much money in one hour as the average American makes in about five years.
We’re 100 days into Corporate Government.
Young People Want Radical Change - Survey Blows the Lid off Right-Wing and Corporate Economic Propaganda
A new survey conducted by the Runawayinequality.org Educational Network shows that younger Americans (ages 18-40) overwhelmingly support bold proposals to reverse inequality--- polices such as Medicare for all, free higher education, ending mass incarceration, wealth taxes on multi-millionaires, financial speculation taxes on Wall Street, public banks, immigrants rights, worker rights, a guaranteed job at a living wage, campaign finance reform, and a sustainable environment.
Thom Hartmann: Welcome back. Thom Hartmann here with you, and I'm very pleased to have on the line with us Professor William Black. He's a Professor of Economics and Law at the University of Missouri, Kansas City, the author of The Best Way to Rob a Bank is to Own One. Professor Black is a former bank regulator who led investigations into the Savings and Loan crisis in the eighties. He blogs or writes for neweconomicperspectives.org and you can tweet him at WilliamKBlack. Professor Black, welcome back to the program.
Former Goldman Sachs banker Steve Mnuchin, who was tapped by President Donald Trump to serve as his next Treasury secretary, is apparently looking to staff his administration with Wall Street and Washington insiders.
Irony isn’t a concept with which President Donald J. Trump is familiar. In his Inaugural Address, having nominated the wealthiest Cabinet in American history, he proclaimed, “For too long, a small group in our nation's capital has reaped the rewards of government while the people have borne the cost. Washington flourished—but the people did not share in its wealth.” Under Trump, an even smaller group will flourish—in particular, a cadre of former Goldman Sachs executives. To put the matter bluntly, two of them (along with the Federal Reserve) are likely to control our economy and financial system in the years to come.
Five years ago Goldman Sachs played the arch-villain of the financial crash, the very essence of a greedy, rapacious bank that profited while ripping off its own customers and the American people. As the vampire squid, it was the perfect target for the Zuccotti Park demonstrations that turned into Occupy Wall Street with 900 encampments around the world.