Monday, November 2, 2009

SEC TREAS TIMMY GEITHNER $ HANK PAULSON BEFORE HIM = Goldman now seizing homes subprime mortgages bought

GOLDMAN-SACHS-WALL STREET
IN THE WHITE HOUSE.
CHANGE?
DON'T COUNT ON IT

A five-month McClatchy investigation reveals
how Wall Street colossus Goldman Sachs
peddled billions of dollars in shaky securities
tied to subprime mortgages on unsuspecting pension funds,
insurance companies and other investors
when it concluded that the housing bubble would burst.


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As Jim Hightower explains it, is that “the wealthiest 1 percent of Americans possess more net worth today than the bottom 90 percent of us combined. Worse, these privileged few and their political henchmen have structured a new economic ‘normal’ of long-term joblessness, low wages, no benefits or worker rights, miserly public services, and a steadily widening chasm between the rich and the rest of us.” We must restore sanity to this nation.