Via Zero Hedge, an entertaining series of Max Keiser videos regarding Goldman Sachs.
Mr. Keiser’s comments are over the top (for example, calling for financial leaders to be tried by The Hague), but he does raise legitimate questions regarding Goldman Sachs’ government ties and high frequency trading practices.
Part 2 of 3
Part 3 of 3
Perhaps the most revealing part of the videos is the comment by Rep. Kanjorski at 0:30 of Part 3. The congressman implies that behind the scenes last fall, Treasury Secretary Paulson all but threatened that there would be hunger, riots, and martial law in the U.S. if Congress didn’t pass TARP and other emergency bailout provisions.
Such episodes are important to highlight because there’s a concerted effort underway to flush last fall’s extraordinary events down the memory hole and pretend that Obama is to blame for our current economic woes. Obviously, the economic tsunami hit shore last summer.