Goldman Sachs’ role in oil speculation and other market manipulation detailed

There’s an interesting story in Rolling Stone magazine by Matt Taibbi about how former investment bank Goldman Sachs has engineered every major market manipulation since the Great Depression.

While Commodify Me! would thoroughly recommend that you read all of Taibbi’s  story, the parts that will interest commodity exchange fanatics the most are  page five, which details  how Goldman’s speculation in the oil markets drove the price at the pump to record highs last year,  and page seven, which examines how the bank could potentially make a killing of another product that looks set to be traded on the U.S. futures exchange, carbon credits.

CLICK HERE to read the full story.


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