
IPFS News Link • Federal Reserve
?Why Do Former Goldman Sachs Bankers Keep Landing Top Slots at the Federal Reserve?
• chrisinmaryville.netBut Goldman Sachs, Government Sachs, lives because it got bailed out by you the taxpayer. You're the one who felt the brunt of the Great Recession. You who lost your home. You who moved in with the kids to make ends meet. You who went on food stamps quietly in desperation. You who had the heat turned off. You who saw the middle class slip away, away, away. You kept Goldman alive, largely because their former CEO Hank Paulson ran the US Treasury when Wall Street teetered on the open pits of hell.
Goldman should have fallen into the firey nether. A few of the other big banks would have followed the firm. But you know what wouldn't have died? America.
Had we let capitalism actually work, had the crony barons actually paid for their breathtakingly stupid leveraged positions, we'd have probably recovered more quickly. Additionally, we'd now likely have a more robust (more) capitalist system than we had prior to 2008. The muck would have been cleared. Instead we must now deal with the crony system of legalized graft which has grown exponentially since the Crash.