Goldman Sachs made a bundle cashing out 44% of its shares in BP Oil just before the TransOcean’s Deepwater Horizon oil rig explosion.
I’ve since discovered that Goldman Sachs also placed shorts on TransOcean stock days before the explosions rocked the rig in the Gulf of Mexico, sending stocks plunging while GS profits soared — benefitting once again from a huge disaster, having done the same with airline stocks prior to 911, then again with the housing bubble.
Here’s another interesting bit of info: While Goldman Sachs’ lawyers negotiated with the Securities and Exchange Commission over potentially explosive civil fraud charges, Goldman’s chief executive visited the White House at least four times.
Coincidences? Or connections?
We’ve invited Bob Chapman, author of the International Forecaster, to help us connect the dots.