Why Goldman Sucks
April 21, 2010 -- The April 16 decision by the SEC, to investigate the fraudulent practices of Goldman Sachs should not stop there, but must lead to an emergency bankruptcy reorganization of the international banking system. Had we implemented the Homeowner and Bank protection Act back in 2007 we would not be in this shape today. I have presented American economist Lyndon LaRouche’s HBPA across Indiana as well as Kentucky and Tennessee for the past three years with the central feature being the reorganization of the corrupt banking system according to the Glass-Steagall standard.
Don't kid yourself. This isn't a scandal concerning some Credit Default Swaps (CDSs)-- this is a global systemic financial collapse. Gambling with exotic financial instruments isn't the crime of a few bankers, it is the nature of the entire international financial system first unleashed by the reign of Federal Reserve chairman Alan Greenspan.
Ask yourself: Why is it that 'back alley gambling' is just now coming under investigation? Common sense tells us that the system was rigged from the beginning, and that Goldman Sachs should divert that intended $5 billion in bonuses into legal defense for their CEO's. Perhaps, Treasury Secretary Timothy Geithner should share a jail cell with Ben Bernanke and Alan Greenspan. Goldman Sachs should be known as 'Goldman Sucks.'
Americans don't pay for other people's gambling debts. We must use the current investigation of the fraudulent practices of Goldman Sachs to implement the LaRouche plan for economic recovery now -- because it isn't about investigating a couple of banks. It is the entire economic system we, the people, suffer under, that must be reorganized in line with the U.S. Constitution. Here's the plan:
1) Impeach Obama (or force resignation-- whichever is faster!)
2) Take back the $26.7 trillion in bail outs; use it to create millions of jobs!.
3) Implement a global Glass-Steagall Act.
4) Negotiate an international credit system, devoid of usurious interest rates, with Russia, China, India and other participating nations to fund cooperation in high- speed rail construction, water systems, nuclear power plants, and especially inter-planetary space travel/colonization.
