Step 1: Sell mortgage-related securities that are absolute junk to trusting clients at vastly overinflated prices.
Step 2: Bet against those same mortgage-related securities and make massive bets against the U.S. housing market so that your firm will make massive profits when the U.S. economy collapses.
Step 3: Have ex-Goldman executives in key positions of power in the U.S. government so that bailout money can be funneled to entities such as AIG that Goldman has made these bets with so that they can get paid after they win their bets.
Step 4: Collect the profits - Goldman Sachs is having their "most successful year" and will end up reporting approximately $50 billion in revenue for 2009.
Thanks to Mike Rivero.
This is the moment an old Palestinian woman is evicted from her house by
Zionists . The house, which had been in her family for generations, was
given to Jewish settler from Eastern Europe, people who had no connection
to Palestine.
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This is the moment an old Palestinian woman is evicted from her house by
Zionists . The house, which had been in her family for...
The post This is the m...
1 hour ago
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