Thursday, April 5, 2018

Federal debt cartel in action

Few benefited more from this than Goldman Sachs, which became the most profitable company in Wall Street history under former commodities salesman Lloyd Blankfein, who may step down as chief executive officer as early as this year. Using house money to facilitate bond trades—or principal risk-taking—was far more lucrative than merely acting on clients’ behalf to execute stock orders. In 2009, Goldman traders reaped $33 billion in revenue, two-thirds of it from fixed income.
Goldman is head of the debt cartel, they sit with wealth and Treasury in closed sessions tp plan debt offerings. Goldman and their wealthy investors can plan for market volatility, we cannot. 

This is the 'debt we owe ourselves', as the kanosians call it. Sandbox prevents these scams.

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