Re: [Marxism-Thaxis] Goldman Sachs was shorting sub-prime since 2007 (was Re: Goldman Sachs Charged with [CIVIL] fraud)

2010-04-22 Thread c b
On 4/22/10, CeJ wrote: > > But it seems that Goldman Sachs is at the root of the problem. No > other financial firm is so politically well connected to the federal > government (and that is saying a lot, since all these firms attempt to > and do buy political influence). ^^ CB: Yeah, thi

[Marxism-Thaxis] Goldman Sachs was shorting sub-prime since 2007 (was Re: Goldman Sachs Charged with [CIVIL] fraud)

2010-04-22 Thread CeJ
When people think of the financialization of the wider economic crisis (e.g., why so many 'sub-prime' mortgages were not getting paid, even higher than the expectations of the predatory lenders), they think of Lehmann Bros. going under. Or do they remember the earlier spectacular failure of Bear St