Bank fraud and economic crisis

This video is called Is Goldman responsible for Greek crisis?

Goldman Sachs and Deutsche Bank AG, two of the largest investment banks in the world, deliberately profited from the sale of securities they knew to be worthless, and Goldman later “misled” congress about its activities, according to a report published Wednesday by the United States Senate Permanent Subcommittee on Investigations: here.

The US Senate Permanent Subcommittee on Investigations released a report last Wednesday on the Wall Street crash of 2008 which documents the fraud and criminality that pervade the entire financial system and its relations with the government: here.

Goldman Sachs Vice President Changed Name; Now a Top Congressional Staffer. Lee Fang, ThinkProgress: “Has Rep. Darrell Issa (R-CA) turned the House Oversight Committee into a bank lobbying firm with the power to subpoena and pressure government regulators? ThinkProgress has found that a Goldman Sachs vice president changed his name, then quietly went to work for Issa to coordinate his effort to thwart regulations that affect Goldman Sachs’ bottom line”: here.

7 thoughts on “Bank fraud and economic crisis

  1. Greek journalists in four-day strike

    Greek journalists called a four-day strike April 7 in protest at the government’s austerity measures, leading to a nationwide news blackout.

    While television channels aired pre-recorded material and radio stations played back-to-back music, newspapers ceased publication for several days. News web sites also shut down for the duration of the action.

    Athens journalists are demanding the rehiring of colleagues recently laid off at several newspapers and TV stations and the cancellation of individual employee agreements that replace previous collective agreements, resulting in large pay cuts.

    Journalists marched to the National Parliament in Athens April 8 to demand a halt to layoffs and reductions in wages.

    Greek workers have held several general strikes and demonstrations since the government unveiled austerity measures, including a cut to pensions and wages, increasing of taxes and raising of retirement age, inspired by the European Union and the International Monetary Fund €110 billion ($140 billion) bailout package.


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