Friday, November 9, 2018

Free Enterprise In Action

Here are the headlines of two stories that ran on the same page in the Los Angeles Times today:

"Goldman Sachs Malaysia Scandal Expands"

"Goldman balks at handling Space X loan"

Carried right next to each other without a suggestion of irony.  Goldman Sachs would not invest $500 million in the company of perhaps America's greatest industrial innovator, but it was willing to invest $6.5 billion with a pack of Malaysian crooks.

And this is the most influential financial organization in the country.  There is a virtual revolving door between its corporate suites and high government positions.  Here is a partial list of Goldman alumni that work for Trump:

Stephen K. Bannon, chief strategist to the president and a former Goldman banker
Gary D. Cohn, director of the National Economic Council and Goldman Sachs president
Steven T. Mnuchin, Treasury secretary and Goldman partner
James Donovan, nominee for deputy Treasury secretary and Goldman partner
Dina Powell, deputy national security adviser for strategy and longtime Goldman executive

Well, I guess the company casting their lot with crooks isn't that surprising.

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