Silver as an investment

Goldman Sachs Gets into the Non-Collateralized Personal Loan Business

Goldman Sachs Gets into the Non-Collateralized Personal Loan Business

By Pam Martens and Russ Martens: June 18, 2018 ~  Goldman Sachs CEO Lloyd Blankfein famously said in 2009 at the height of the financial crisis that he was “doing God’s work.” What Goldman Sachs was actually doing in secret at that time was receiving billions of dollars in undisclosed loans from the Federal Reserve – often at the insanely low interest rate of .01 percent. Goldman was also living off billions of dollars in publicly acknowledged taxpayer bailouts, while paying out obscene bonuses to its executives, including those who had shorted (made bets against) the U.S. housing market as it collapsed into the greatest disaster since the Great Depression. (See related articles below.) Last week we received an unsolicited direct mail offer from Goldman Sachs. It was offering us the ability to borrow a personal loan ranging from $3500 to $40,000 with rates ranging from 6.99 to 24.99 percent. The … Continue reading