(Editor's Note: OK. I am obviously obsessing about the criminals who have taken over the Government, the Federal Reserve and Wall Street. Since Goldman's involvement becomes more and more mainstream, I hope and pray that the Sheeple will wake up and do something. As Max Kaiser puts it in our "video of the week", Goldman Sachs probably owes every middle class American $10,000 in stolen interest. The reason that there is a "Federal Reserve Forum" on "the Bear" is because they have been the main problem and are guilty of stealing 97% of all of our money for the past 96 years. In other words if it wasn't for the Fed, every middle class American would enjoy a lifestyle over nine times better. You have been ripped off. Between this interview on MSNBC and the Gasparino tirade on CNBC, I'm beginning to have some hope that the mainstream media is beginning to latch on to the story behind the story with GS and the government's infatuation with fascism. - JSB)
Why in the world is an already $19B taxpayer subsidized Goldman allowed to walk up to the Fed window in Bankers clothing and perform its business like a high frequency trading hedge fund (with a corp finance biz on the side)? GS can simply walk up to the discount window and borrow for almost nothing and lever the biz to make as much trading profits as possible. The taxpayer ultimately bears the risk that Goldman is eagerly willing to take.
Even more absurd is that Goldman is doing this for all to see. We didn't even get into the 0.5 cent a share subsidy Goldman gets for providing supplmental liquidity on the NYSE. That really adds up when you're doing a billion shares of prop trades every week.
Goldman is a corrupt business that is providing $$$$ to help support by a corrupt political system-- the masses should be enraged, but we are not quite at the tipping point -- yet.. The more the mainstream press understands the makings of this fascism, the better, as it will accelerate a movement toward legitimate populism and pave the way to real reform.
