Thursday, March 15, 2012

“toxic and destructive” Goldman Sachs and the Obama administration

Click here to access article by Edward Fullbrook from Real-World Economics Review Blog.

This is an excerpt from an article that I included as a link within yesterday's article by Fullbrook. Because it highlights the incestuous relationship between a key financial institution and the US government, I am re-posting this section. This government relationship with key financial institutions is, of course, not limited to Goldman Sachs, but to all the major sectors of Wall Street and banking institutions. It simply illustrates what anyone familiar with a class view of society recognizes as the functioning of a ruling class in contemporary capitalist societies.