Excerpt: "Ever since the stock market crashed, on the night of September 15 2008, the name Goldman Sachs, or GS, has been appearing everywhere: in the collapse of the financial system, the Greek crisis, the plunge of the euro, and the campaign to prevent regulation of financial markets."
Goldman Sachs CEO Lloyd Blankfein arrives to testify before a US Senate investigative committee. Goldman Sachs denied reaping vast profits from the collapse of the US housing market as its top executive and a star trader faced hostile questions in Congress over the 2008 financial meltdown. (photo: AFP)
Goldman Sachs: The Bank That Rules the World
17 June 14
An investigation into the role of one of the most influential banks in the world.
ver since the stock market crashed, on the night of September 15 2008, the name Goldman Sachs, or GS, has been appearing everywhere: in the collapse of the financial system, the Greek crisis, the plunge of the euro, and the campaign to prevent regulation of financial markets.
The investment bank created in New York in 1868 has carved out its reputation and success by working silently behind the scenes.
But today GS stands accused of myriad charges: playing a key role in the subprime loan fiasco, pushing several of its competitors into bankruptcy, helping countries like Greece hide their deficits before speculating on their downfall, precipitating the fall of the euro, and influencing the consumer price index. And yet GS has come out of this latest crisis richer and more powerful than ever.
Goldman Sachs: The bank that rules the world can be seen each week at the following times GMT: Saturday: 1200; Sunday: 0100; Monday: 0600;
|
THE NEW STREAMLINED RSN LOGIN PROCESS: Register once, then login and you are ready to comment. All you need is a Username and a Password of your choosing and you are free to comment whenever you like! Welcome to the Reader Supported News community. |
