New York Times columnist and anti-human trafficking crusader Nicholas Kristof discovered that Goldman Sachs used to own 16 percent of Village Voice Media, which operates prostitution site Backstage.com. They only sold their shares when exposed and in a panic to control the damage to their already tarnished reputation.
This week it was revealed that Goldman Sachs, the “golden head” of the international banking community, was a primary owner of the largest online prostitution site connected to the child sex trade. Two days ago, Nicholas Kristoff penned an op-ed in the New York Times entitled Financiers and Sex Trafficking:
THE biggest forum for sex trafficking of under-age girls in the United States appears to be a Web site called Backpage.com.
This emporium for girls and women – some under age or forced into prostitution – is in turn owned by an opaque private company called Village Voice Media. Until now it has been unclear who the ultimate owners are.
That mystery is solved. The owners turn out to include private equity financiers, including Goldman Sachs with a 16 percent stake.
Goldman Sachs was mortified when I began inquiring last week about its stake in America’s leading Web site for prostitution ads. It began working frantically to unload its shares, and on Friday afternoon it called to say that it had just signed an agreement to sell its stake to management.
Tyler Durden of Zero Hedge writes of Goldman’s Fascination With Pimping And Prostitution:
… some may be surprised to learn that this is not the firm’s only expansion into the world of monetized prostitution. As the chart below shows, as of Q4, 2011, the firm also happens to be the top ten owner of Adult Friend Finder (Nasdaq: FFN), a company which recently went public, and which is nothing more than a porn portal for women, who can sell their “assets” to the highest bidder (and where any men members have to pay a monthly fee).
Here are some articles across the internet exposing Goldman Sachs involvement in the sex trade:
After a little digging, Nick Kristof of the New York Times has uncovered that Goldman Sachs is a stakeholder in the company which runs Backpage.com, a website he calls “the biggest forum for sex trafficking of under-age girls …
Publish Date: 04/02/2012 10:20
Global investment, securities and sex. Goldman Sachs has long been a big name on Wall Street, but an investigation tying the banking giants to a website linked with sex trafficking has left the firm scrambling to say goodbye …
Publish Date: 04/02/2012 10:48
The revelation of Goldman being involved in the sex trade comes shortly after Goldman Employee Greg Smith resigned, claiming that Goldman clients were referred to as ‘muppets’ to be ripped off. It is said that Wall Street bank Goldman Sachs has suffered a severe blow to its reputation after Smith announced his resignation in the New York Times by declaring his employer “morally bankrupt”.
…not one single minute is spent asking questions about how we can help clients. It’s purely about how we can make the most possible money off of them… It makes me ill how callously people talk about ripping their clients off.
Two weeks ago today, former Goldman Sachs employee Greg Smith published a scathing open letter in the New York Times. The “executive director and head of equity derivatives sales” lashed out at senior leadership for creating what he claimed was a “toxic” and “destructive” culture that put the interests of the investment bank ahead of those of its clients – who he said were routinely referred to in emails as “muppets” to be “ripped off”.
Publish Date: 03/29/2012 11:32
The Muppet Show intro using Mitch Benn’s song from the BBC Friday Night Comedy Podcast.
A devastating Op Ed was published in the New York Times recently by former investment banker Greg Smith titled ‘Why I’m Leaving Goldman Sachs’. Cenk Uygur reads amazing quotes from the op ed and talks about how Goldman Sachs and investment banks in g…
From the Majority Report, live MF 11:30am EST and via daily podcast at Majority.FM Goldman Sachs Executive Greg Smith ripped the company today in a very public resignation later ‘Why I Am Leaving Goldman Sachs’ published in the New York Times. …it …
Last year a trader told BBC that Goldman Sachs rules the world:
BBC speechless trader collapse is coming goldman sachs rules the world euro eurozone collapse. “Crisis in Europe” in The News today. Euro zone is collapsing bringing down major European nations including Portugal, Italy, Greece, Spain and other key N…
Goldman Sachs is said to be the owner of Europe and the USA and involved in cooking the books which created the Greek debt crisis:
What did the Prime Minister of Italy, the President of the European Central Bank and the Prime Minister of Greece have in common? They all have ties to Goldman Sachs, one of the most powerful banks in the world. In Europe democratically elected governments are being replaced by bank appointed technocrats to ensure that debt payments to the usurers continue to be paid, regardless of the cost to the nations.
Part 1 of 2: The scandal of how the Greek economy was made to look good, with banking frauds, and European union frauds. Now the Euro currency is collapsing because of so much fraud, and not only because of Greece. Recorded from BBC Newsnight, 20 Feb…
Part 2 of 2: The scandal of how the Greek economy was made to look good, with banking frauds, and European union frauds. Now the Euro currency is collapsing because of so much fraud, and not only because of Greece. Recorded from BBC Newsnight, 20 Feb…
Behold the Proud One, who is unstable, about to fall:
He is selfish, prideful, arrogant, intoxicated with greed, and has enslaved the nations.
All of the enslaved of the nations will taunt him with woes:
Woe to him that increases what is not his!
Suddenly the debtors will arise, and he will become their victim.
For he has ruined, plundered many economies
He has shed innocent blood.
He has destroyed lands and cities and the people in them.
He has built personal fortune through dishonest means.
He has hidden his treasure in secret places.
He has plotted the ruin of many peoples.
The very structure of injustice which he has built will cry out
Because his city has been built with bloodshed and injustice.
What he has built is as fuel for a fire, to be consumed,
for the people have wearied themselves with trivia, vanity.
But the knowledge of the glory of the Lord
will cover the earth as the waters cover the sea.
As he has shamed others, the proud one will be shamed.
For the violence done to the environment, the animals,
the blood of innocents, the destruction of lands and cities.
His delusions, lies and propaganda will fail him:
At the end they will not speak.
Let all the earth keep silent before the Lord who is in His holy temple.