Remember last week’s Vox Political article about the way the bankers who caused the financial crash of 2007 onwards have gone totally unpunished for the trouble they caused – and in fact have been rewarded for their crimes?
Here’s a different angle on the same issue:
In the midst of the financial crisis (which had its roots in the US sub-prime housing market), Goldman Sachs made a profit of $4 billion by “betting” on a collapse in that market, and shorting mortgage-related securities. This is an organisation that relied on the economies of the western world going into freefall, in order to profit from the catastrophe.
They’re laughing all the way. How do you feel about that?
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