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FOIA, (Freedom of Info Act), filings discovered that GM’s TELEVISION advert campaign in 2011 that misleadingly claimed that the company had paid back its government loan in full was authorized by the administration. The lenders and the funding banks set up a system of fraud, and the debtors weren’t the first individuals at fault.
Goldman Sachs ought to pay a whole lot of this money back. By avoiding the truth that his firm was in critical financial trouble, Ebbers created a culture of success at all prices, which in the end led to falsified financial stories. After the Armageddon like financial shake-up that we have been lately confronted with, many Individuals are asking themselves these questions and questioning just how safe their money within the bank actually is.
Goldman Sachs was given a little slap on the wrist by authorities who loves the company. Bernanke is allowing his member banks to skim hundreds of thousands off of local governments. Some extra money should have gone to the middle class with much less to the banks.
Again, why most individuals fall victim to those letters is as a result of these items (which scammers normally point out in their letters) are real life stories, whereby some corrupt African and Asian leaders loot their country’s cash, and stash it in foreign banks (mostly in USA and Europe), by way of the help of some corrupt overseas personnels.