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The ongoing acts of brazen piracy off the coast of Somalia have riveted the establishment media’s attention. But the same news hawks have missed (or ignored) a much more brazen, longer-running and far larger robbery in Greece by Gucci-wearing thieves who are more sophisticated than common pirates — but lack a pirate’s moral depth. Who else… but the Wall Street financiers of course. Specifically…. our dear friends at Goldman Sachs.
- During the past decade, Goldman’s wizards were particularly inventive monkey-wrenchers, devising much of the investment gimmickry that enriched crafty Wall Streeters like them, even as it led to the wrecking of our economy.
- In 2006, Goldman’s CEO was considered such a whiz that he was elevated to treasury secretary and soon was handed the task of fixing the very economic mess he had helped create. His “fix” was the cockamamie, self-serving, multitrillion-dollar taxpayer bailout that did save Wall Street … but has left our economy in shambles.
- Rather than apologizing for their failures and using their bailout funds to rush loans to America’s credit-starved businesses, Goldman’s debauched financiers immediately went back to playing the same old global game of high-risk craps that caused America’s crash, this time rolling the dice with the backing of our tax dollars.
- Juiced by an infusion of federal funds, Goldman executives declared a profit this year and promptly lavished more than $16 billion in bonus payments on themselves.
- To keep the fun rolling, Goldman is now lobbying furiously in Washington to kill regulatory and consumer bills that could rein in its destructive greed.
- Moving from mere greed to naked narcissism, Goldman’s current CEO, Lloyd Blankfein, has proclaimed that his bonus bonanza is warranted because he is “doing God’s work.” Perhaps he was referring to one of the Greek gods. It turns out that, for the past decade, Goldman has also been practicing its ethical flimflammery in Greece, a nation long mired in a sea of debt.