Forum Post: Goldman Sachs Helps Create Economic Crisis in Greece / Europe
Posted 13 years ago on Nov. 6, 2011, 4:38 a.m. EST by BeStrong
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Goldman Sachs tactics akin to the ones that fostered subprime mortgages in America have worsened the financial crisis shaking Greece and undermining the euro by enabling European governments to hide their mounting debts.
Everyone get it: Goldman made money, lots of it, by helping bankrupt Greece.
Just like the mortgage crisis and ENRON, Goldman steals from the 99% for the benefit of a few. It is criminal.
Goldman Sachs & Co 85 Broad St · New York · (212) 902-1000
See: http://www.nytimes.com/2010/02/14/business/global/14debt.html?pagewanted=all
All true Bestrong.
And they have done it with our money through retirement and 401-K program funds passively handed to the Wall Street predator bankers by Vanguard Group and Fidelity Investments and other large no-questions-asked retirement fund administrators. Fidelity and Vanguard passively invest trillions of dollars of our money in banks like Goldman Sachs without ever questioning what Goldman and others do with OUR money. Then, when Americans like us raise questions about the efficacy of Wall Street bankers the right-wing throw it in our faces that this is being done with OUR money making us responsible.
We need to identify activist administrators of retirement programs and get Americans to move their retirement programs out of the passive predators like Vanguard and Fidelity.
Yes we need to take control of our assets. All Vanguard and Fidelity care about are their fees
Yes, it is not only that Wall Street has created millions of family tragedies in the US. It is in the whole planet.