Creating change through transforming consciousness. Learn more about CE's Mission!

Next Story

  We're creating viewer supported news. Become a member!

dataGoldman Sachs has been charged for fraud by the Securities and Exchange Commission today for not disclosing information related to CDO’s (Collateralized Debt Obligations) tied to subprime mortgages in 2007. This move contributed to the financial collapse of last year. Goldman had not disclosed to investors that hedge fund “Paulson & Co.” helped pick the underlying securities involved and bet against them.

advertisement - learn more

“The product was new and complex but the deception and conflicts are old and simple,” SEC Enforcement Director Robert Khuzami said. “Goldman wrongly permitted a client that was betting against the mortgage market to heavily influence which mortgage securities to include in an investment portfolio, while telling other investors that the securities were selected by an independent, objective third party.”

Essentially, Goldman was involved in an action that deceived investors all the while creating a situation that would make themselves a great deal of profit by simply betting on something they knew was going to take place. Goldman Sachs (GS) opened the day at $183.62/share and dropped $21.64 already since the news came out. North American markets all dropped over a percent today as well.

What is positive here is we are seeing some awareness being raised in terms of how the private banking corporations are and can manipulate and control the market while heavily profiting. While justice may or may not be served (because realistically if they want they could bury this whole thing) at least this provides an opportunity for the collective to see the level of deception and robbery that is happening within our financial system and finally make a stand to say “NO MORE.”

Much more awareness around how the financial system really works will continue to come to light very soon as there is nothing left holding up the financial structures but the peoples fear of not having them. The fear diminishes constantly and more and more tumbles downward.

For those of us that think a recovery is happening, just think of this: unemployment claims continue to rise but somehow so do the markets. On top of that, over $5 trillion of phantom money has been printed back by nothing. If you look at those factors you will see that by printing the money they just destroyed the value of all the money in circulation right now and inflation is going to be the result of a collapse of the curency and if unemployement claims keep coming but the markets keep rising, where is the money coming from to raise the market activity? Hmmmm?? Maybe it’s just the large corps who have all the money. You should be beginning to realize the smoke and mirrors of the financial system by now.

advertisement - learn more


Reverse Obesity & Diabetes

This free online 9-part docuseries is going to change everything you think you know about diabetes and obesity.

The medical community isn’t telling you the whole truth about diabetes.

Learn what you can do to lose weight and avoid or heal diabetes.

Watch the video now!.

Reverse Obesity & Diabetes

The medical community isn’t telling you the whole truth about diabetes.

Watch the video now!


No more articles