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Goldman Sachs tops in Geithner’s (phone) book.

9 October, 2009

According to the Wall Street Journal, here, Timothy Geithner phone and calendar records (obtained by the AP) indicate close ties to ???? Well, ask yourself who came out on top of last year’s financial crisis? Goldman Sachs of course. GS saw the demise of its major rival, Morgan Stanley; was protected from any derivative losses from its investment in AIG, and then profited from the big Obama money give away. All-in-all it’s been a great year for Goldman.

Secretary of the Treasury, Timothy Geithner who has strong ties to Goldman ought to be asked about the inordinate amount of time he spent talking to GS CEO Blankenstein. After all, he and Paulson, another person with ties to Goldman Sachs, were the ones who pressured Congress to quickly shore up AIG, the bank too big to fail, oversaw the demise of Morgan Stanley, and ushered in a banker’s holiday.

You can talk all you want about the Nobel prize, but the real story is still hidden in the money-trail and those who hold the purse strings.

read more here

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