Red Ice News

Dispelling the Mythmakers

Goldman Sachs: Record of $23 billion in bonuses for 2009; explaining their economic parasitism
New to Red Ice? Start Here!

Goldman Sachs: Record of $23 billion in bonuses for 2009; explaining their economic parasitism

Source: examiner.com


Goldman Sachs is among the most visible financial parasites. Their executives have a revolving door through the US Treasury Department. They profit through “trading,” much like Enron did; including selling investments represented as AAA while simultaneously betting the value of those investments tank. Their CEO says they’re “doing God’s work,” as Enron’s CEO said, “We are on the side of angels.” A US Senate report puts the parasitic cost to Americans at $2 to $4 trillion every year. To put that figure into perspective, that’s an almost unbelievable $20,000 to $40,000 added cost per US household every year. Goldman Sachs is so happy with their “trading,” they’ll pay out a record of $23 billion in bonuses to their top employees for their 2009 work.

There are professionals in economics and finance using the term “parasitism” in its literal sense to describe our US economy.

Read more: examiner.com

Comments

Red Ice Radio

3Fourteen

How the Migrant Invasion Made Me Become a Trad Wife
Nicole Jorgenson - How the Migrant Invasion Made Me Become a Trad Wife
Femininity in the Modern World
Bre Faucheux, Elora, Rebecca - Femininity in the Modern World

TV

Blonde Buttermaker - Harvesting From A Perennial Garden
Blonde Buttermaker - Harvesting From A Perennial Garden
Richard Spencer at Auburn, AL
Richard Spencer at Auburn, AL

RSSYoutubeGoogle+iTunesSoundCloudStitcherTuneIn

Design by Henrik Palmgren © Red Ice Privacy Policy