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egalitegirl

(362 posts) Sun May 1, 2016, 09:48 PM May 2016

How Goldman Sachs invented cap and trade [View all]

We should demand an environmental solution for the environmental problem and not end up supporting theft by Wall Street. Theft by Wall Street is no solution.

How Goldman Sachs invented cap and trade

The new carbon-credit market is a virtual repeat of the commodities-market casino that’s been kind to Goldman, except it has one delicious new wrinkle: If the plan goes forward as expected, the rise in prices will be government-mandated. Goldman won’t even have to rig the game. It will be rigged in advance.

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How Goldman Sachs invented cap and trade [View all] egalitegirl May 2016 OP

Message auto-removed Name removed May 2016 #1

The concept goes back decades. Al Gore was a big fan of a similar approach -- carbon credits. Buzz Clik May 2016 #2

Carbon credits was Poppy Bush's idea egalitegirl May 2016 #3

Trump and every other GOP candidate opposes cap-and-trade ('cap-and-tax') in their view. pampango May 2016 #4

Trump opposes but not others egalitegirl May 2016 #5

Trump, Cruz and Kasich all oppose it. Mike Huckabee is the only repub I could find who supports it. pampango May 2016 #6

You're telling me that Rethugs oppose Goldman profiteering but Dems support it?? egalitegirl May 2016 #7

If republicans all support cap-and-trade, why isn't it law? They control both houses of congress pampango May 2016 #8

Because their plan is to control the scheme at a the world level egalitegirl May 2016 #9

OK. The republicans and Democrats pretend to oppose it in order to fool China, India and Russia but pampango May 2016 #10