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In reply to the discussion: Why the Ruling Class is So Upset About Edward Snowden [View all]Octafish
(55,745 posts)By Ryan Villarreal: Subscribe to Ryan's RSS feed
IBTimes.com
February 27, 2012 6:26 PM EST
WikiLeaks released more than 5 million e-mails Monday hacked from U.S.-based global intelligence firm Strategy Forecasting Inc. (Stratfor), revealing an alleged plan between the firm's CEO and a Goldman Sachs executive to set up an investment fund that would rely on inside information gathered by the company.
A September 2011 company-wide e-mail composed by Stratfor CEO George Friedman indicates that Goldman Sachs financial adviser and former Managing Director Shea Morenz was directly involved in the establishment of the investment fund StratCap.
"Shea Morenz provided us with two opportunities," wrote Friedman.
"First, he made an investment in Stratfor designed to give us the capital needed to build our staff and our marketing. Second, he proposed a new venture, StratCap, which would allow us to utilize the intelligence we were gathering about the world in a new but related venue -- an investment fund. Where we had previously advised other hedge funds. We would now have our own, itself fully funded by Shea."
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http://www.ibtimes.com/articles/305532/20120227/wikileaks-stratfor-stratcap-goldman-sachs-fund-julian.htm
Secret information is like a license to print money.
PS: Welcome to DU, JM42! I believe you are correct about the "Why?"