Tuesday, March 3, 2009

Does Goldman Sachs own US?

The only "winner" so far in the quasi nationalization of our financial sector is Goldman Sachs. Going down the rabbit trail of AIG loans being passed through to Goldman to the tune of $20 billion will bring conspiracy theorists flying out of the woodwork. Paulson and Geithner both have seemed more interested in protecting their old firm than creating a coherent strategy to stabilize the overall sector. As our retirement funds evaporate, along with our employers an hopes of future wealth, how long can the the Nero of Wall Street fiddle in it's so far fireproof corporate headquarters?

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