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Goldman Sachs Chief Threatened by ‘Dangerous’ Criticism from Sanders

Just days after a Bernie Sanders campaign ad singled out Goldman Sachs as “one of the Wall Street banks that triggered the financial meltdown,” the head of the global investment banking firm said such criticism is “dangerous.” According to The Hill: Sanders has railed against Wall Street throughout his populist campaign, accusing the sector of ruining the economy and holding down the middle class. …

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RALPH NADER – Hillary Clinton should tell the people what she said in her private speeches

Last month as Hillary Clinton was leaving a town meeting in Manchester, Lee Fang of the Intercept asked her if she would release the transcripts of her paid, and very private speeches to Goldman Sachs, the Wall Street powerhouse historically deep in Washington, D.C., influence-peddling. Mrs. Clinton just laughed. It is probably a good bet that her laugh was masking …

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Gold Is Back in Fashion After a $15 Trillion Global Selloff

The $15 trillion rout in global equity markets since May is reawakening the lure of gold for investors seeking safety. Hedge funds and other large speculators more than doubled their net-long position in bullion last week, just three weeks after they were the most-bearish ever. Investor holdings of gold through exchange-traded products are expanding at the fastest pace in a …

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Lee Fang – Hillary Clinton Laughs When Asked if She Will Release Transcripts of Her Goldman Sachs Speeches

After Hillary Clinton spoke at a town hall in Manchester, New Hampshire, on Friday, I asked her if she would release the transcripts of her paid speeches to Goldman Sachs. She laughed and turned away. Clinton has recently been on the defensive about the speaking fees she and her husband have collected. Those fees total over $125 million since 2001. …

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Pam Martens and Russ Martens – Pull Back the Curtain on Exchange Traded Funds and Out Pop Wall Street Mega Banks

The selloff in junk bonds has rattled the markets and is raising questions about just who it is that is providing liquidity to the junk bond Exchange Traded Funds (ETFs) — which have magically redeemed billions of dollars in withdrawals from retail investors while the underlying bonds in their portfolio are under severe stress in the broader marketplace. (Both a …

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William Greider – Hillary Clinton Is Whitewashing the Financial Catastrophe

illary Clinton’s recent op-ed in The New York Times, “How I’d Rein In Wall Street,” was intended to reassure nervous Democrats who fear she is still in thrall to those mega-bankers of New York who crashed the American economy. Clinton’s brisk recital of plausible reform ideas might convince wishful thinkers who are not familiar with the complexities of banking. But informed skeptics, myself …

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Jonathan Watts – Uruguay makes dramatic shift to nearly 95% electricity from clean energy

s the world gathers in Paris for the daunting task of switching from fossil fuels to renewable energy, one small country on the other side of the Atlantic is making that transition look childishly simple and affordable. In less than 10 years, Uruguay has slashed its carbon footprint without government subsidies or higher consumer costs, according to the country’s head …

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Paul Buchheit – 5 Depressing Signs America Just Isn’t the Country It Used to Be

While Edward Snowden and Chelsea Manning and John Kiriakou are vilified [3] for revealing vital information about spying and bombing and torture, a man who conspired [4] with Goldman Sachs to make billions of dollars on the planned failure of subprime mortgages was honored by New York University [5] for his “Outstanding Contributions to Society.” This is one example of the distorted thinking leading to the demise of a …

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Paul Buchheit – The Evidence Keeps Pouring In: Capitalism Just Isn’t Working

To followers of Ayn Rand and Ronald Reagan, and to all the business people who despise government, ‘community’ is a form of ‘communism.’ Even taking the train is too communal for them. Americans have been led to believe that only individuals matter, that every person should fend for him/herself, that “winner-take-all” is the ultimate goal, and that the winners have …

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Forex scandal: White collar criminals must face jail not fines, say UK experts

Financial penalties expected to hit British banks for Forex rigging will do little to tackle financial crime in the City of London as regulators continue to prioritize high finance over ordinary citizens, experts warn. British banks could be fined billions in coming months as investors pursue them for rigging foreign exchange (Forex) rates, following a landmark US settlement on Friday. …