Tag Archives: Friends of Tim Geithner

Naive Russians

Hard to believe someone actually thought that Goldman Sachs trading software was worth the trouble to steal. The value in Goldman Sachs isn’t its ability to actually make money on the market. That is just naive, and its typical of Russian foolishness that they bought into Goldman’s press releases. Rather, Goldman Sachs makes money through securing friendships with high government officials, and from there getting billions of dollars in grants.

Some Americans may be surprised that the term Oligarchs (used to refer to high ranking friends of Goldman Sachs) did not even originate in the United States, but once only referred to powerful friends of Yeltsin and the Russian government.