Dianne Feinstein connects the historic dots on derivatives

[szatmar666]

Run time: 09:12 https://www.youtube.com/watch?v=Ix7Ew62Gv0E   Posted on YouTube: April 30, 2010 By YouTube Member: madashelldude Views on YouTube: 0   Posted on DU: April 30, 2010 By DU Member: szatmar666 Views on DU: 552

 
Part 2: http://www.youtube.com/watch?v=-1ysUEJVgMM

[DeSwiss]

1. K&R

On December 4, 1928, it (Goldman Sachs) launched the Goldman Sachs Trading Corp. a closed-end fund with characteristics similar to that of a Ponzi scheme. The fund failed as a result of the Stock Market Crash of 1929, hurting the firm's reputation for several years afterward.<5> Of this case and others like Blue Ridge Corporation <6> and Shenandoah Corporation <7> John Kenneth Galbraith wrote: The Autumn of 1929 was, perhaps, the first occasion when men succeeded on a large scale in swindling themselves.<8>

http://en.wikipedia.org/wiki/Goldman_Sachs#1869.E2.80.931930

- This is what they do. Always......

[szatmar666]

2. lol

looks like a good case to issue a corporate death penalty: everybody knows they'll do it again...it's just their corporate culture and it's part of their identity.