We know that Goldman Sachs traders suckered investors into buying mortgage backed bonds they knew were toxic, and they also knew Goldman was purchasing insurance policies on those bonds in anticipation that they would collapse in value. Goldman was making a killing at this fraud. You’d think Goldman’s board of directors would have changed things after they helped to sink the economy. Nope. They didn’t.
Goldman’s Executive Director, Greg Smith, resigned a few days ago and penned an op-ed for the New York Times in which he said that same policy of ripping off their clients was still in place.
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