Land Of The Free? Goldman Sachs Holds The Position Of Power In The US

Control of the United States government is, as the people know, in the hands of a relatively few people. Has been and will likely continue to be. The problem is that the People’s Choice, the person elected President, is just one of those people, the spokesperson or talking head if you will.

The issue is, now that the people have discovered the truth, what can they do about it? Are they about to discover, as many of us know, that America is not the Land of the Free?
http://www.economist.com/opinion/displayStory.cfm?story_id=11332246

I raise this point today because the Wall Street Journal is questioning the ties between Treasury Secretary Timothy Geithner and Humungous Bank & Broker (HB&B) leader Goldman Sachs (GS).

New York Fed Chairman Stephen Friedman’s ties to Goldman Sachs started raising questions once the firm became a bank holding company.

The case illustrates what a tangle of overlapping interests can arise at a hybrid institution like the New York Federal Reserve Bank, especially as the U.S. government, in addressing the financial and economic turmoil, grows ever more deeply enmeshed in American business and banking.

On the surface, the matter may seem to be about Geithner’s and Friedman’s working relationship, but is actually one about the Goldman Sachs’ all-powerful network, and how they use government as a means to their ends. This ought to come as no surprise because we in this blog have discussed this topic as much as probably any, other than maybe gold, over the past five years.
http://online.wsj.com/article/SB124139546243981801.html

America is at a crossroads, I feel. The people must decide if, in fact, they want Goldman Sachs to continue holding the position of power in their once great nation.

Required reading material:
Timothy Geithner
http://www.whorunsgov.com/Profiles/Timothy_Geithner
Stephen Friedman
http://www.whorunsgov.com/Profiles/Stephen_Friedman

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