{"id":16737,"date":"2016-01-20T14:09:08","date_gmt":"2016-01-20T19:09:08","guid":{"rendered":"http:\/\/olduvai.ca\/?p=16737"},"modified":"2016-01-20T14:09:08","modified_gmt":"2016-01-20T19:09:08","slug":"goldman-pays-fine-for-causing-2008-crisis-as-the-rest-of-the-world-faced-financial-armageddon","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=16737","title":{"rendered":"Goldman Pays Fine For Causing 2008 Crisis As \u201cThe Rest of the World Faced Financial Armageddon\u201d"},"content":{"rendered":"

Goldman Pays Fine For Causing 2008 Crisis As \u201cThe Rest of the World Faced Financial Armageddon\u201d<\/a><\/h3>\n
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\"globalcrisis\"<\/p>\n

Editor\u2019s Comment: It\u2019s funny how some criminals \u2013 whose actions affect perhaps a handful of people at the most \u2013 get the book thrown at them. In fact, so do speeders and code violators and other low level offenders.\u00a0<\/em><\/p>\n

But when the criminals loot the whole system, and effect everyone\u2019s livelihood, it is somehow incomprehensible to deal out justice at all, no matter how swiftly. These bankers have all but announced that they are \u201ctoo big to jail,\u201d even as they work WITH the people running things and prepare to destroy the economy and all that rides with it. Hopefully there\u2019s a special place in hell\u2026<\/em><\/p>\n

Government Sachs Gets Golden Wrist Slap For Global Financial Crisis<\/strong><\/p>\n

by James Corbett<\/p>\n

Historians of the future will note Yellen\u2019s smiling press conference in December of 2015 to announce the\u00a0long-awaited rate hike<\/a>\u00a0as the beginning of the end for the dead cat bubble of the Global Financial Crisis. In some ways this has been a 20 year long Fed bubble that leads in a straight line from the \u201cirrational exuberance\u201d of the Dot Com bubble to the Dot Com bust and 9\/11 to the Greenspan bubble and the subprime housing run-up to the Global Financial Crisis to QE1\/2\/3 and ZIRP to the rate hike to today.<\/p>\n

And what do we have today?<\/p>\n