Goldman Sachs Made $400 Million Betting On Food Prices In 2012 While Hundreds Of Millions Starved.
January 24, 2013 - 8:23am
By EconomicCollapseBlogWhy does it seem like wherever there is human suffering, some giant bank is making money off of it? According to a new report from the World Development Movement, Goldman Sachs made about 400 million dollarsbetting on food prices last year. Overall, 2012 was quite a banner year for Goldman Sachs. As I reported in a previous article, revenues for Goldman increased by about 30 percent in 2012 and the price of Goldman stock has risen by more than 40 percent over the past 12 months. It is estimated that the average banker at Goldman Continue reading this article »