Any meaningful prosecutions to come from Attorney General Eric Holder’s many ongoing investigations of financial crimes related to 2008 bank implosions caused by shady sub-prime housing loan deals will need to be targeted squarely at Goldman Sachs.
For over a century Goldman Sachs has joined the Houses of Morgan, Rockefeller, Rothschild, Warburg and Lazard in lording over the US industrial base – not to mention “our” central bank the Federal Reserve – profiting from boom and depression alike.
In July 1929 Goldman launched the Shenandoah and Blue Ridge investment trusts, at a time when the burgeoning middle classes were eager to hop on the Wall Street easy money bandwagon.
The Goldman Sachs Trading Corporation sold hundreds of millions of dollars worth of shares to public. They peaked at $104. All the while Goldman insiders were selling. By the fall of 1934 the shares were worth $1.75/each.
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