Even without being familiar with the opaque world of Wall Street investment banks, it is difficult not to be aware about Goldman Sachs. Since the Global Financial Crisis they have become the bank everyone loves to hate.
The way they became ‘too big to fail’ by benefiting from every single economic bubble since the Great Depression [...]
It is often argued that financial markets are not like the real economy. But when Wall Street is opposed to Main Street it is mostly along the argument that greedy financiers are making money while real people struggle in lower paid jobs. And the world would a better place if bankers were not immoral greedy [...]
A press clipping freshly received from your French correspondent NKN shows the dramatic picture of a former Greek right wing minister in shock after a rocky encounter with the crowd during a protest (see below). Angry constituents went after him while shouting “thief! thief!”. (He ended-up being evacuated by his bodyguards, and is ok)
Whilst Greek riots [...]
If you thought Australians did not give a stuff about what is happening in Greece and Europe because they are too busy dealing with China, think again.
The PM is following up the situation closely and Mike Smith, CEO of ANZ bank (one of the 4 major Aussie banks) described the situation as *a mess*.
The picture [...]
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