Saturday, April 17, 2010

Lloyd Blankfein, Goldman's CEO, Told Us He Was Doing God's Work. Dylan Ratigan Explains Why Goldman Sachs May Instead Be The Great Satan

This is an excellent segment for those seeking a simple explanation of one of Wall Street's scams. This is a small piece of the fraud that is Wall Street. Albeit, it is terribly sickening.

We should all congratulate ourselves on these SEC charges. The status quo did everything and anything to sweep all of this under the rug. Even our President remarked time and again that we needed to move forward, implying this crisis and its causes were something to be forgotten. Very few politicians in Washington wanted any of this to come to light. Or any of the other frauds. The stench and rot in Washington is beyond words and the Connecticut attorney general discusses how Washington has kept the states from defending its citizens - Washington rules meant to enable Wall Street's fraud.

It is only because we demanded accountability. Every single person in this country who voiced their dissent or refused to support the system on some level has played a role in this SEC case. Whether that is Dylan Ratigan or you. As Margaret Mead has so famously said,

"Never doubt that a small group of thoughtful, committed, citizens can change the world. Indeed, it is the only thing that ever has.".

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posted by TimingLogic at 5:07 PM