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Against Monopoly
I have been waiting for more articles, but they seem to have stopped coming. So now it is time to post a suggestion that you read what there are, listed on the right of the link here. It is a pretty strong case against Goldman Sachs totally profit oriented, self-regarding behavior put together by McClatchy news. Not a court case, I think, but one which underscores that without regulation or breaking up Goldman, a financial crisis will recur, brought on by much the same behavior:
*corrupted results from the rating agencies which produced misleading reassurances to investors.
*lending on subprime mortgages, reselling them, and betting that the housing market would tank along with the mortgages it sold.
The final irony is Goldman’s current claim attacking McClatchy’s series but with no specifics and asserting that it has not profited from the government’s bailout of the financial sector.