Goldman Sacs, in cahoots with Al Gore’s various ‘green business ventures’ (which are run by MANY former Goldman Sacs executives) plan to make lots of money off this scam too!
I wish more people would look into this angle.
Human Events had a great read here:
http://findarticles.com/p/articles/mi_qa3827/is_20071001/ai_n21059903/pg_3?tag=artBody;col1
Goldman Sacs is Obama’s biggest corporate contributor as well, so hang on to your wallets folks if the dems make a sweep in November.
We are so screwed if they do!
We’re screwed for the next 4 years no matter what happens. We lost this battle but now have 4 years of political entertainment to keep us busy.
Clearly, GIM is poised to cash in on carbon trading. The membership of CCX is currently voluntary. But if the day ever comes when federal government regulations require greenhouse-gas emitters-and that's almost everyone-to participate in cap-and-trade, then those who have created a market for the exchange of carbon credits are in a position to control the outcomes. And that moves Al Gore front and center. As a politician, Gore is all for transparency. But as GIM chairman, Gore has not been forthcoming, according to Forbes magazine. Little is known about his firm's finances, where it gets funding and what projects it supports.’
It looks like the the fix is in. This sounds like Enron's old trading platform...all they are doing is creating a make believe carbon market then they will flip carbon contracts. They will produce nothing but make tons of money by just flipping make believe contracts, which will be mandated by the government. This will be the New dot.com, real estate, oil bubble.
Goldman also has their fingerprints all over the runup in commodities. Is it speculation? Manipulation? Draw your own conclusions, but GS seems to be following the Enron playbook. If they were truly free market advocates, they wouldn’t be investing so heavily in the purchase of Democrat pols.