Goldman Sachs: Symptomatic of Wall Street Hijacking Government

In the video below, Gerald Celente gives his opinions on what has not been accomplished to make sure that financial institutions like Goldman Sachs do not (sorry about the double negative) create another financial crisis. You may not agree with all his ideas but he is right to describe Wall Street as having hijacked the policies of the government where financial regulation is concerned.

Goldman Sachs has expressed its own opinion on that subject. Cerise Negulic of the French Tribune states:

"Goldman Sachs President, Gary Cohn [issued] a warning against the initiative to implement fresh regulations on banks. Such a step, said he, could lead to the next crisis by pushing risky activities towards hedge funds and other lightly supervised entities." (Read the rest of the article here.)

What a strange world we live in when the culprits who contribute to a major world financial crisis now say that regulation will create a new financial crisis! Wasn't it Goldman Sachs who took advantage of the shadowy unregulated world of derivatives to transfer wealth from pension funds, 401ks and savings of taxpayers to their own coffers to the tune of billions of dollars? They certainly did not worry about the shadowy world of derivatives when they were making billions in it!




You can see the video and read the article here