The investment bank was in a new scandal this week when one executive managed to keep his dignity and resigned. Greg Smith had his resignation letter printed in the New York Times stating that his colleagues were "ripping off clients" and calling them ‘Muppets’.
But our great UK Prime Minister David Cameron still went and had lunch with Goldman’s chief executive and chairman Lloyd Blackfein and his friends.
When $2billion were wiped off the Wall Street giant share value it started a great uproar but as time went by it died down. That is what these giants always count on. With that trick they always get away no matter what scandal they create.
It has been whispered that the Eurozone crisis and credit crunch was orchestrated by powerful men like those at Goldman Sachs. Many with enormous power have links to Goldman Sachs.
Surprisingly the head of the European Central Bank Mario Draghi is a former high ranking executive of Goldman Sachs. Mario Monti the new Prime Minister of Italy was an international adviser to Goldman Sachs. Lucas Papademos the new PM of Greece was a top man in the European Central Bank and manoeuvred Greece into the Euro. Michael Hintze a billionaire of a hedge fund worked for Goldman Sachs in several senior roles. He is also the number one financial backer to the UK Conservative Party. Gavin Davies previously held a position as head of the economics at Goldman Sachs and is a donor to the Labour Party. His wife worked for Gordon Brown. Sam Cameron wife of David Cameron worked for Goldman Sachs executive Mike Sherwood after he led a buy-out consortium in 2005. Former Goldman partner Sebastian Gregg is a confidant of the Prime Minister David Cameron. Their friendship started at Eton and continued at Oxford University and they were part of the infamous Bullingdon’s Club. Ex-Goldman chairman Richard Sharp was one of four City figures employed by Chancellor George Osborne to start the brutal austerity drive of the Treasury.
And on it goes. Isn’t that an eye opener and don’t they know how to gather together to ride us into disaster. Yet nobody is there to stop Goldman Sachs even after all these scandals which devastate ordinary people’s life.
David Cameron, the people he associates with and also employs at 10 Downing Street are the worst kind and incredible. He only admits it when one of his employers is caught out but then he merrily carries on. This is not good enough. David Cameron knows very well their background. People like Andy Coulson who was in court in 2007 for phone hacking. Yet Mr Cameron employed him in 10 Downing Street as Head of Communication. Talk about putting the cat amongst the pigeons. Then there was Dr Fox the Head of MoD and so the string goes on.
Doesn't all of this speak for itself.