The Hidden History of Guns and the 2nd Amendment Book Tour Is Coming...

Thursday, June 6: NEW YORK, NY 7:30pm

Location: The Strand (2nd floor), 828 Broadway, NYC

Monday, June 10: WASHINGTON, DC 6:30pm

Location: Busboys and Poets, 450 K St NW, Washington, DC

Wednesday, June 12: PORTLAND, OR 7:30pm

Location: Powell’s, 1005 W Burnside St., Portland

Sunday, June 23: SEATTLE, WA 7:30pm

Location: Town Hall, 1119 8th Ave, Seattle (West Entrance) w/Elliott Bay Book Company

Tuesday, June 25: SAN FRANCISCO, CA 7:00pm

Location: First Church, 2345 Channing Way, Berkeley w/The Booksmith

Friday, June 28: CHICAGO, IL 7:00pm

Location: Frugal Muse, 7511 Lemont Rd. #146 (Chestnut Court Shopping Center), Darien

Saturday, June 29: MINNEAPOLIS, MN 7:00pm

Location: Common Good Books, 38 S. Snelling Ave, St. Paul

Become a Thom Supporter- Click the Patreon button

And this is just one instance that the People found out about. This from the Patriotic Americans at the SumOfUs and not the human filth in Washington. And come on?! Only a $50 million dollar fine?! They can make 10x that amount in just one trade off the information they stole.

Goldman Sachs has just been fined $50m over the criminal theft of confidential documents from its regulator.

Everyone knows there’s a revolving door between the banking industry and its regulators. So when Rohit Bansal left the Federal Reserve Bank of New York -- Goldman’s primary regulator -- to work for Goldman Sachs, nobody raised an eyebrow.

Then Bansal got caught milking his ex-colleagues for confidential information and passing it on straight to Goldman Sachs.

He now faces prison, and Goldman Sachs has been fined $50m for its part in the scandal. But the revolving door is still alive and well -- and unless we act to get rid of it, we’ll never have the safe and transparent banking system we desperately need.

Goldman Sachs: shut your revolving door!

As we learned in the financial crisis of 2008, the banking industry will do pretty much anything it thinks it can get away with for profit -- even if it has devastating effects on millions of ordinary people. We’re talking about more than 8 million Americans who lost their jobs and more than 5 million who lost their homes in the last crisis, all caused by corporate greed.

This is what happen when regulators are under the selfish influence of the big banks.

Goldman Sachs is the worst offender -- it’s made billions through destroying economies, manipulating markets and inflating bubbles. It even helped to destroy the economies of Greece, Libya, Ghana and Portugal, leaving a trail of human misery in its wake.

The banks desperately need effective regulating. But the revolving door means the lines between banks and the regulators have become blurred. This hugely benefits banks like Goldman Sachs, who get to know what the regulators are doing and planning -- and even how they’re thinking.

Goldman hired Rohit Bansal specifically for his “regulatory experience and knowledge”. But the revolving door goes right to the top -- the current president of the New York Fed is a former partner at Goldman Sachs.

The only way to get effective regulation of the banking industry is to stop the corruption where it starts -- shutting the revolving door. And, as a community of millions, we’re uniquely placed to take on the powerful banking industry. Nearly 100,000 of us told Goldman to return the money it made from crashing the Greek economy to Greece. Now let’s make sure Goldman hears us loud and clear.

Tell Goldman Sachs to slam shut its revolving door, now!

Thanks for all that you do,
Nicole, Lisa, Nabil and the rest team of SumOfUs team

More information:

The Great American Bubble Machine, Rolling Stone, 5 April, 2010
Goldman pays $50M fine for Fed data leak, USA Today, 28 October 2015
Goldman to Pay $50 Million Penalty Over Leak From Fed, The New York Times, 28 October 2015
Goldman Banker and Fed Regulator Bonded Over Steak, Leaks, Bloomberg, 28 October 2015


zapdam's picture
zapdam 3 years 25 weeks ago

Ted CRUZ's wife is a Vice President for Goldman Sach's

old lady's picture
old lady 3 years 25 weeks ago

Hey Zapdam, then why did Cruz need to enroll his family in The ACA aka obamacare? Or have I mixed up my Congressman that had to get Obamacare?

old lady's picture
old lady 3 years 25 weeks ago

The fines are stupid and don't stop bad behavior. The big banks are sickening and should be desolved by reinstating "Glass/Steigel"!

Add comment

Login or register to post comments

Sign Up For The Thom Hartmann Newsletter Now

  • Discover the Videos of the Day
  • Get The Daily Stack - Each & Every Article that Is Researched for the Program
  • Read Thom's Daily Blog

Should Mega Tornado Cities and Homeowners Send Their Bills to the Fossil Fuel Industry?

Thom plus logo Climate change is making the weather more severe. From arctic cyclone bombs bringing freezing damage to the country, to severe thunderstorms destroying homes and communities, this is all being made worse by climate change.