Was the public disclosure of the bank stress tests delayed so Goldman Sachs could raise capital? Is national policy managed to serve one private investment group’s convenience? As the disclosure and fiduciary laws related to protecting the rights of existing creditors and shareholders were violated in Bank of America’s purchase of Merrill Lynch, are the disclosure rights of new bondbuyers to be violated for Goldman Sachs? How can investors price a security if the Wall Street-Washington axis are free to manage material omissions for the purpose of fleecing them? And if price has no meaning, what then?
- Goldman Bond Sale Raises Questions—Financial Times (30 Apr 09)
- Follow the Money—Catherine Austin Fitts Blog (4 Nov 08)
- Goldman Sachs Hires Barney Frank Staff To Be Its Lobbyist—EconomicPolicyJournal.com (29 Apr 09)
- How Goldman Sachs Took Over The World—The Independent (22 Jul 08)