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THE BANK THAT PRINTS MONEY OUT OF THIN AIR

1.
SEC Charges Goldman Sachs With Fraud in Structuring and Marketing of CDO Tied to Subprime Mortgages

Washington, D.C., April 16, 2010 — The Securities and Exchange Commission today charged Goldman, Sachs & Co. and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter.

http://www.sec.gov/news/press/2010/2010-59.htm

2.
Former Goldman Sachs trader found guilty of mortgage fraud

SEC ‘gratified’ by New York jury’s verdict after Fabrice Tourre was found guilty for his role in mortgage deal that cost investors $1bn

http://www.theguardian.com/business/2013/aug/01/fabulous-fab-tourre-guilty-fraud

3.
The Vampire Squid Strikes Again: The Mega Banks’ Most Devious Scam Yet

Call it the loophole that destroyed the world. It’s 1999, the tail end of the Clinton years. While the rest of America obsesses over Monica Lewinsky, Columbine and Mark McGwire’s biceps, Congress is feverishly crafting what could yet prove to be one of the most transformative laws in the history of our economy – a law that would make possible a broader concentration of financial and industrial power than we’ve seen in more than a century.

Read more: http://www.rollingstone.com/politics/news/the-vampire-squid-strikes-again-the-mega-banks-most-devious-scam-yet-20140212#ixzz3R49BwJnO
Follow us: @rollingstone on Twitter | RollingStone on Facebook

4.
HSBC Helped Terrorists, Iran, Mexican Drug Cartels Launder Money, Senate Report Says

Senator Levin, whose scolding of Goldman Sachs’ Lloyd Blankfein during a hearing on collaterized debt obligations made him a well-known face in Wall Street, was hard on both HSBC and their regulator:

http://www.forbes.com/sites/afontevecchia/2012/07/16/hsbc-helped-terrorists-iran-mexican-drug-cartels-launder-money-senate-report-says/

5.
The Global Banking ‘Super-Entity’ Drug Cartel: The “Free Market” of Finance Capital

In the United States, five banks control half the economy: JP Morgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs Group collectively held $8.5 trillion in assets at the end of 2011, which equals roughly 56% of the U.S. economy.

http://andrewgavinmarshall.com/2012/10/28/the-global-banking-super-entity-drug-cartel-the-free-market-of-finance-capital/

6.
Goldman & Sachs Runs the World

7.
Libyan plot thickens for Goldman with Palladyne ‘money-laundering’ suit

Full article: http://www.euromoney.com/Article/3324800/Libyan-plot-thickens-for-Goldman-with-Palladyne-money-laundering-suit.html?copyrightInfo=true
Visit http://www.euromoney.com/reprints for additional distribution rights. For more articles like this, follow us @euromoney on Twitter.

8.
HSBC and Goldman Sachs held $335m of Libyan state oil money

London and Washington DC: HSBC and Goldman Sachs are among the key western bankers for Colonel Gaddafi’s regime, a 2010 document leaked to Global Witness appears to show. The document details the whereabouts of state oil revenues. However the Libyan people could not know where it was invested or how much it was, because banks have no obligation to disclose state assets they hold. Global Witness is now calling for new laws requiring banks and investment funds to disclose all state funds that they manage.

http://www.globalwitness.org/library/hsbc-and-goldman-sachs-held-335m-libyan-state-oil-money

9.
Ex-Goldman Sachs Banker Elias Preko Jailed for $5m Nigerian Corruption Scam

An ex-Goldman Sachs banker has been sentenced for four and a half years for laundering money on behalf of one of Nigeria’s most infamous politicians during the height of his power.

http://www.ibtimes.co.uk/nigeria-corruption-james-ibori-goldman-sachs-528724
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