Monday, April 26, 2010

Billions and billions

More news of the 'Trust Us' folks, from the world of deregulation:

WASHINGTON — Goldman Sachs reaped "billions and billions of dollars" by betting on a housing market crash in 2006 and 2007, but the secret wagers put the firm in conflict with the interests of clients who were still buying its risky mortgage securities, Senate investigators said Monday.
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1 comment:

  1. It would behove the present BC Liberal government to ensure that similar occurances don't happen in British Columbia - especially given the the major banks are not paying tax on the millions (billions?) of dollars of profit that is sent out of province. The same applies to all the companies involved in the financial raping of British Columbia - led by Gordon Cambell and the Liberals.

    Sorry, but I just could not resist.

    Thank you



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