clipped from: rightsoup.com The revolving door between the world’s most powerful investment bank, Goldman Sachs, and the government has long twirled round. The firm has provided most of the personnel for the Treasury department and the Federal Reserve…and has come out smelling like a rose in the financial meltdown which has decimated many of its’ competitors.
Obama’s insane energy plan, Cap and Trade, will be another bonanza for the uber-rich and oh-so-lucky firm that has it’s tentacles entrenched at the highest levels of power in our country. The new carbon-credit market is a virtual repeat of the commodities-market casino/scam that’s been kind to Government Sachs, except it has one nifty new feature: If the plan goes forward, the rise in prices of carbon credits will be government-mandated. Goldman won’t even have to rig the game! It will be rigged in advance.
Matt Taibbi explains in this month’s Rolling Stone: