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In reply to the discussion: In case anyone forgot Goldman Sachs sold worthless mortgages as AAA investments [View all]jtuck004
(15,882 posts)26. Goldman Sachs Reports Highest Profits in Five Years
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Goldman Sachs Group (GS) reported net revenues of $10.62 billion, the highest quarterly earnings in four years. Its net profits surged by 40% to $2.84 billion when compared with the first quarter of the previous year. Along with strong mergers and acquisitions activity in the first quarter, higher equity and related offerings across the globe backed this performanc...
http://marketrealist.com/2015/04/goldman-sachs-reports-highest-profits-five-years/
Bank$ter profits made on the lives of 7 million families thrown in the street in foreclosure, ten million families moved into poverty with children, most of whom will be there for the rest of their lives, joined by perhaps a hundred million more who work for half or less than they did before this financial crisis, many who will never work another job in their lives, all in a plan by this administration who thought it was more important to save the bank$ters that donated to their campaign than working voters and their families.
You can read about the plan in his book by Timothy "Killer" Geither (who may well have been responsible for more long-term suffering than the terrorists who took down the world trade center), or hear voters laugh at his face when he tries to spin it otherwise here: http://thedailyshow.cc.com/extended-interviews/z9b8f1/timothy-geithner-extended-interview
You can just look around and see the continuing devastation as we continue to try to pump up the assets of those with more wealth on the backs of many who have nothing. And we will see what this brings us.
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In case anyone forgot Goldman Sachs sold worthless mortgages as AAA investments [View all]
think
May 2015
OP
Sad isn't it? The question is who in our govt is working to prevent this from happening again?
think
May 2015
#2
O'Malley enacted some of the nation’s most comprehensive reforms to protect homeowners from
FSogol
May 2015
#3
Thanks. Sounds like one I need to read. America really got sucker punched by these guys... /nt
think
May 2015
#7
Here is some fun...look up how many Goldman Sachs folks are/have been in current admin.
dixiegrrrrl
May 2015
#43
Don't worry our Crack Justice Department will see the Evil-doers are dealt with
One_Life_To_Give
May 2015
#15
Yeah, that's it, the banks were just trying to recify redlining because they care and
appalachiablue
May 2015
#36
My blood pressure went up, even more! Yes this really stuck, the financial Media, esp.
appalachiablue
May 2015
#50
Excellent OP & thread contributions. All of you who have recommendations of reading ought to post
mother earth
May 2015
#23
They also hedged their bets by throwing their own customers under the bus
AgingAmerican
May 2015
#33