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Wednesday, July 28, 2010

Goldman Sachs Reveals Where Bailout Cash Went


Goldman Sachs sent $4.3 billion in federal tax money to 32 entities, including many overseas banks, hedge funds and pensions, according to information made public Friday night.
Goldman Sachs disclosed the list of companies to the Senate Finance Committee after a threat of subpoena from Sen. Chuck Grassley, R-Ia.

Asked the significance of the list, Grassley said, "I hope it's as simple as taxpayers deserve to know what happened to their money."

He added, "We thought originally we were bailing out AIG. Then later on ... we learned that the money flowed through AIG to a few big banks, and now we know that the money went from these few big banks to dozens of financial institutions all around the world".'

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1 comment:

  1. "I hope it's as simple as taxpayers deserve to know what happened to their money."

    Correct, tapayer's deserve to know why private corporations should be getting money from taxpayer's in the first place and then charging us fees and repossessing houses, while still collecting taxpayer's money.

    Besides, I need a bail out. I am a taxpayer, so, where is my bailout?

    I think there are some serious double standards going on.

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