Goldman Sachs gave a $20 million grant to the Harlem Children's Zone through it's charity wing, Goldman Sachs Gives. According to Geoffrey Canada, founder of the HCZ, that money will enable the organization to build a new school, among other things. Isn't that wonderful!
But how much of that money Canada and the HCZ is receiving from Goldman Sachs was made from human misery and/or criminal activity....
SUMMARY (Describes Goldman's role in the financial meltdown....)
So Goldman made money both coming and going - they sold a worthless financial product that was guaranteed to go belly up to their customers without telling them it was worthless, then made MORE money by betting against that very product themselves.
SUMMARY (Describes Goldman's involvement in "mortgage mill" operations through their company Litton Loan)
"employees processed foreclosure documents so quickly that they barely had time to see what they were signing."
SUMMARY: (Describes Goldman's investment in for-profit diploma mills)
So here is this company that has sold toxic financial products that it knew was worthless to customers without telling them while shorting those very same products, owns a loan servicer that is scamming hundreds of thousands of people all across this country and owns a 38% stake in a for-profit education company that offers worthless degrees for as much as six figures that leave students in debt up to their eyeballs but without gainful employment.
Let me ask the question again, how much of the $20 million that Geoffrey Canada and the Harlem Children's Zone received from Goldman Sachs was made from human misery and/or criminal activity?
http://perdidostreetschool.blogspot.com/2010/10/goldman-sachs-dirty-money-and-harlem.htmlGoldman has been the beneficiary of billions of dollars in subsidies from the Treasury Department and the Federal Reserve Bank, in the form of TARP payments, FDIC insurance for their bogus status as a commercial bank, 100-cent-on-the-dollar payouts on their credit default swaps from AIG, and 0% borrowing costs, which they are using to speculate globally at the expense of investment and production here at home.
In other words, our tax money is being laundered to fund the hostile takeover of the public schools and the gentrification of Harlem (an underreported aspect of Canada's hustle and charter schools in general, since they all involve real estate plays, and in Canada's case, the intended privatization of public housing).
http://perdidostreetschool.blogspot.com/2010/10/goldman-sachs-dirty-money-and-harlem.htmlIt's like the mafia.
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