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Goldman Sachs are financial terrorists claims Max Keiser

This is a great video clip from France 24 that shows Max Keiser a US economist telling it as it is regarding the “financial terrorists” Goldman Sachs who he feels should be thrown in jail for their high crimes and treachery. This company that is apparently “too large to fail” is now reporting huge profits due to all the government money that has been siphoned off and channeled through the AIG bail out straight into its coffers.

A lot of people are also wondering whether the fact that Hank Paulson who used to be the CEO of Goldman Sachs let that influence him in anyway when it came to making the decision to allow Goldman Sachs biggest competitor Lehman Brothers to collapse whilst his old company was rescued. Sachs seems to have quite a large number of ex employees working at the FED and the Treasury and therefore a strong argument can be made that they have far too much power in controlling government policy and therefore an unfair advantage in the markets.

Speaking of unfair advantage in the markets an ex employee recently stole software from Goldman Sachs that the company itself admited in a court case against the Russian programmer that if the software got into the wrong hands could be used to unfairly manipulate the markets. Many commentators have taken this frank admission to imply that maybe this is what Goldman Sachs has been doing all along and the blogosphere has gone wild with accusations alongside Rolling Stone magazine which blames Sachs for engineering nearly every major market manipulation since the great depression.

The way they would be able to do this is due to their government granted special privileges on the trading floors which allows them to see for a split second trades before they happen. This enables them to use their sophisticated software plugged into the trading floors network to analyse market trends and then automatically create, change or drop orders to take advantage of this advantage. Apparently Goldman Sachs are the biggest computer program traders in the game and this automated high frequency trading has enabled them to front run the markets and make millions in profit whilst everyone else wonders how.

Its certainly a combination of all these factors that has turned Max Keiser into Mad Max regarding Goldman Sachs and he is perfectly justified in feeling outraged.

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Continuing the Discussion

  1. max keiser - linked to this post on February 7, 2010

    […] is!!! Paulson, Bernanke, the Federal Reserve System are engaged in unconstitutional, treasonous …Goldman Sachs are financial terrorists claims Max Keiser …This is a great video clip from France 24 that shows Max Keiser a US economist telling it as it is […]

  2. The Good Guys list | Dark Politricks linked to this post on October 10, 2010

    […] the scandal and mismanagement that is rife within the current financial markets. Famous for calling Goldman Sachs financial Terrorists he has been at the forefront of bringing attention to the deep corruption, insider trading and […]

  3. Tweets that mention Goldman Sachs are financial terrorists claims Max Keiser | Dark Politricks -- linked to this post on October 29, 2010

    […] This post was mentioned on Twitter by Cali and tj zz greene, tj zz greene. tj zz greene said: Goldman Sachs are financial terrorists .. […]

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