750 Billion Reasons Why Goldman is Rooting For Greta Thunberg's Success - zerohedge.com
Excerpt from this article:
"On Monday, Goldman Sachs said it will provide $750 billion in financing, advisory services and investments for initiatives that fight climate change, as well as those that foster economic opportunities for under-served people over the next decade. What Goldman did not say is that it will pocket a generous commission, somewhere in the 3-5% ballpark, by peddling 'green' products to naïve investors (including central banks) who have fallen for the whole ESG virtue signaling charade."
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Excerpt from this article:
"On Monday, Goldman Sachs said it will provide $750 billion in financing, advisory services and investments for initiatives that fight climate change, as well as those that foster economic opportunities for under-served people over the next decade. What Goldman did not say is that it will pocket a generous commission, somewhere in the 3-5% ballpark, by peddling 'green' products to naïve investors (including central banks) who have fallen for the whole ESG virtue signaling charade."
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The following quotes are from the book, The Big Short: Inside the Doomsday Machine:
First quote:
“In early October 2008 after the U.S. government had stepped in to say it would...absorb all the losses in the financial system and prevent any big Wall Street firm from failing.”
Second quote:
“Maybe the best definition of investing is gambling with the odds in your favor. The people on the short side of the subprime mortgage market had gambled with the odds in their favor. The people on the other side – the entire financial system, essentially – had gambled with the odds against them. What’s strange and complicated about it is that pretty much all the important people on both sides left the table rich.”
And the last quote:
“The world’s most highly paid financiers had been totally discredited; without government intervention, every single one of them would have lost his job. And yet those same financiers were using the government to enrich themselves. I can understand why Goldman Sachs would want to be included in the conversation about what to do about Wall Street. What I can’t understand is why anyone would listen to them”
