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IPFS News Link • Central Banks/Banking

The world's most powerful bank issues a major warning

• thedailybell.com By Simon Black

His name was Marcus Goldman, and the business he started, what's now known as Goldman Sachs, has become the preeminent investment bank in the world with nearly $1 trillion in assets.

They didn't get there by winning any popularity contests.

Goldman Sachs has been at the heart of nearly every major banking scandal in recent history.

The company has settled lawsuits on countless charges, ranging from exchange rate manipulation, stock price manipulation, demanding bribes from their own clients, front-running retail customers, and just about every shady business practice that would put money in their pockets.

Yet throughout it all, Goldman Sachs has been protected from any serious punishment by its friends in highest offices of government.

Four out of the last eight US Treasury Secretaries, including the current one, have formerly been on the payroll of Goldman Sachs.


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