Goldman Sachs Admits To Engaging In “Improper Behavior” During The Housing Crash – But They Aren’t About To Give The Money Back

In an absolutely stunning admission, the CEO of Goldman Sachs acknowledged on Wednesday that the investment bank engaged in “improper” behavior during 2006 and 2007.  This improper behavior included making huge bets against the housing market while at the same time peddling more than $40 billion in securities backed by risky U.S. home loans. The CEO of Goldman Sachs, Lloyd Blankfein, … Read more

The Other Side Of Christmas

For some Americans this past Christmas represented the best of times. They drove their imported cars out to the big box stores where they bought cheap plastic imported goods from China to give to their family members as they huddled in the spacious family rooms of their McMansions. But for millions of other Americans this … Read more