Sometimes We Just Need To Rant At Goldman Sachs

This is one of those times. We need a really good rant and here are two. First Yves Smith posted a video that caused some negative responses from viewers to which Yves Smith replied:

Yves Smith says:

August 15, 2011 at 11:52 pm

I clearly said I wasn’t endorsing this blanket condemnation. That is your projection. Zeitgeist watch items are germane. You ignore cultural changes in mood at your peril.

I had someone in another thread get very upset because this reminded him of Nazi propaganda. This was the response from someone else on the same thread:

I don’t agree with your propaganda analogy. I’m Jewish, and a German Jew by heritage. I am sure I have a few scarred, broken branches on my family tree from lives cut short gratis gas chambers disguised as “work camps”. The spinning coin and the light globe in that video are captivating and irresistible but ONLY to those who are already filled with deep alarm, anger, and concern….

rant

If comparisons are to be made to the Nazi Germany times, here you go; there are millions of suffering, trapped, frightened, desperate, dispossessed, homeless families who are marginalized, stigmatized, and blamed for the downfall of one’s community, neighborhood, & country. They have had seen their businesses crushed, their access to credit evaporated, their ability to function economically damaged by a label (credit score vs gold star sleeve patch). They believe that sanity and reason surely will descend soon, once those with the power and position to intervene understand the dire circumstances. Most believe their own family, if they can simply hang on & do the right thing/stay quiet/empty 401k & savings/fill out the same loss mitigation documents hundreds of times, then they will be saved from the unspeakable fate that has befallen their friends, neighbors, & colleagues. They live in fear of “property preservation teams” taking photos of their homes and even changing the locks and tossing their possessions out onto the street. They know there is only danger when one reports these incidents to those tasked with protecting the citizens of the state. They know law enforcement and the judiciary is fully biased against them. They know documents will be forged to “prove” they are liars and worse evil debtors who believed the stated & implicit guarantees of a workable refi or modification, but are now deemed unfit for the “luxuries” they once enjoyed, being safe, employable, providing for one’s children, and being secure in one’s home.

/rant

You can read more about the video here

Here is the video and you can make your own judgement:

Video: The Bankers as the Enemy of Humanity
Post from Karl Denninger's site by Yves Smith - naked capitalism



You can view the video here

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Second, we have Max Keiser's interview with William K. Black about the looting of the banks, which, of course, includes Goldman Sachs. The second half of the video is very pertinent.

Keiser Report: Banking Looters



You can view this video here