Warren Buffet standing behind Goldman Sachs? Why did Warren Buffet take this position?
Warren Buffet ruffled some feathers during the Omaha annual Berkshire pilgrimage when he stood strongly behind Goldman Sachs, the embattled investment bank that is now a household name. Buffet made a significant investment behind Goldman during the financial crisis when everything seemed to be going to hell in a hand basket. The deal has brought [...]
Greece economy coming unglued because of bailouts and massive amounts of debt. Greece tax evasion and big bailout.
The Greek economy has been under fire in recent months. The current rioting and outrage is due to the austerity measures being proposed by the IMF and also European countries particularly Germany. Now many members within the Euro object to the bailouts and the IMF, which is largely funded by the U.S. is now part [...]
The Synthetic Recovery – Wall Street banking success dependent on destroying the productive sectors of our economy.
I’m certain that many of you are taking a glimpse at the bread and circus Goldman Sachs hearings. At one point in the hearings, an attempt to define derivatives came up. Yet when the Goldman bankers tired explaining their derivative bets, it came out as contempt for the public and representatives. They rather not explain [...]