Government by Goldman Sachs

[Octafish]

Former SEC regulator Carmen Segarra taped the top federal regulator at Goldman say certain laws don't apply to the rich.



Those interested in justice may want to download a copy before they're gone:

The Secret Recordings of Carmen Segarra

From This American Life:

An unprecedented look inside one of the most powerful, secretive institutions in the country. The NY Federal Reserve is supposed to monitor big banks. But when Carmen Segarra was hired, what she witnessed inside the Fed was so alarming that she got a tiny recorder and started secretly taping.

SOURCE: http://www.thisamericanlife.org/radio-archives/episode/536/the-secret-recordings-of-carmen-segarra

What another economist noted before he got fired and then won the Nobel Prize:

Larry Summers: Goldman Sacked

Monday, September 16, 2013
By Greg Palast for Reader Supported News

Joseph Stiglitz couldn't believe his ears. Here they were in the White House, with President Bill Clinton asking the chiefs of the US Treasury for guidance on the life and death of America's economy, when the Deputy Secretary of the Treasury Larry Summers turns to his boss, Secretary Robert Rubin, and says, "What would Goldman think of that?"

Huh?

Then, at another meeting, Summers said it again: What would Goldman think? A shocked Stiglitz, then Chairman of the President's Council of Economic Advisors, told me he'd turned to Summers, and asked if Summers thought it appropriate to decide US economic policy based on "what Goldman thought." As opposed to say, the facts, or say, the needs of the American public, you know, all that stuff that we heard in Cabinet meetings on The West Wing.

Summers looked at Stiglitz like Stiglitz was some kind of naive fool who'd read too many civics books.

CONTINUED...

http://www.gregpalast.com/larry-summers-goldman-sacked/

Then there's Goldman Sach's legendary generosity, not limited to the Executive and Legislative branches.

Here's The REAL Connection Elena Kagan Has To Goldman: Three Days Of Easy Work

Newly nominated Supreme Court Justice Elena Kagan's supposed connection to Goldman Sachs is much ado about nothing.

Reports are flying around that she "worked for Goldman," when she straight up did not.

She was one of many on a council that spent three days (one day each year from 2005-2008) advising on the Research Advisory Council of the Goldman Sachs Global Markets Institute. Kagan was paid $10,000.

Justice Department spokeswoman Tracy Schmaler explains in HuffPo, "They met once a year for a day-long conference organized around public policy matters. The group was not involved in making any investment decisions for the company."

SOURCE: http://www.businessinsider.com/heres-the-real-connection-elena-kagan-has-to-goldman-three-days-of-easy-work-2010-5

Nice people, all, I'm sure, even if Ms. Kagan sided with Karl Rove over Gov. Don Siegelman and 100 former state attorneys general. The thing is, people without money don't get much help from government these days.