Hedges arrested. King Rat still rules.


In case you missed it, Chris Hedges took a moment to cogently connect the dots between the big investment banks and the Obama administration on Thursday, before he marched with several hundred other protesters to the mouth of the sewer — the corporate headquarters of Goldman Sachs:

Goldman Sachs is able to carry out its malfeasance at home and in global markets because it has former officials filtered throughout the government and lavishly funds compliant politicians—including Barack Obama, who received $1 million from employees at Goldman Sachs in 2008 when he ran for president. These politicians, in return, permit Goldman Sachs to ignore security laws that under a functioning judiciary system would see the firm indicted for felony fraud. Or, as in the case of Bill Clinton, these politicians pass laws such as the 2000 Commodity Futures Modernization Act that effectively removed all oversight and outside control over the speculation in commodities, one of the major reasons food prices have soared…

Goldman Sachs unloaded billions in worthless securities to its clients, decimating 401(k)s, pension and mutual funds. The firm misled investors about the true nature of these worthless securities, insisted the securities they were pushing on their clients were sound, and hid the material fact that, simultaneously, they were betting against these same securities—$2 billion against just one of their deals…

CEO Lloyd Blankfein apparently not only lied to clients, but to the [Senate subcommittee investigating Goldman-Sachs] on April 27, 2010, when he told lawmakers: “We didn’t have a massive short against the housing market, and we certainly did not bet against our clients.” Yet, they did.

Hedges was arrested with 15 other protesters, including longtime NYC activist The Reverend Billy. Meanwhile, Blankfein and his fellow rats remain free and presumably busy in their gilded sewer, where they sold bundles of bad mortgages — bundles of shit — and called them securities, as part of a grand scam to fleece their clients.

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This entry was posted in Congress, economic collapse, Goldman Sachs, Great Recession, liar, Occupy Wall Street, Politics, The New Depression, unemployment, Wall Street and tagged , , , . Bookmark the permalink.

One Response to Hedges arrested. King Rat still rules.

  1. Pingback: Suburban Guerrilla » Blog Archive » Hedges arrested. King Rat still rules.

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