Another Reason To Hate Wallstreet

Forbes reports that the oil price run up of 2008 may have been orchestrated by Goldman Sachs.

There is evidence of a malevolent hand at work: oil price manipulation by traders orchestrating a short squeeze to push up the price of West Texas Intermediate crude to the point that it would generate fatal losses in Semgroup’s accounts.

And yes, Goldman Sachs is getting bailed out.

Read the Forbes report.

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