Treasury

How Goldman Secretly Bet on the U.S. Housing Crash

McClatchy Washington Bureau Sun, Nov. 01, 2009 Greg Gordon | McClatchy Newspapers November 01, 2009 01:17:44 AM WASHINGTON — In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in […]

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Greenwald: The Individuals Obama Chose to be His Top Economic Officials Embody Exactly the Corruption He Repeatedly Vowed to End

Larry Summers, Tim Geithner and Wall Street’s ownership of government Glenn Greenwald- SALON Apr. 04, 2009 | White House officials yesterday released their personal financial disclosure forms, and included in the millions of dollars which top Obama economics adviser Larry Summers made from Wall Street in 2008 is this detail: Lawrence H. Summers, one of […]

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Matt Taibbi: The Big Takeover – Rolling Stone Magazine

The global economic crisis isn’t about money – it’s about power. How Wall Street insiders are using the bailout to stage a revolution ROLLING STONE | March 19, 2009 The Big Takeover- Matt Taibbi It’s over — we’re officially, royally fucked. No empire can survive being rendered a permanent laughingstock, which is what happened as […]

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