Greed: Golden Sacks

FPF-fwd.: Jan Frel - Alternet

Seeing a story like this on Alternet is a sign of health: normally Alternet avoids items which are critical of Israel or the neocon's greed.

Posted on August 29, 2005, Printed on August 30, 2005
- Url.: http://www.alternet.org/bloggers/frel/24724/

You might think that with hundreds of billions in government funds for businesses to plunder pouring out from statehouses and Capitol Hill that there might be just a little piety when it came to reconstruction funds for New York's World Trade Center reconstruction. But that's proven irresistable as well.

The financial giant, Goldman Sachs* -- which raked in $4.5 billion in profits last year -- has shaken out a $1.65 billion "liberty bond."

That's equivalent to one fifth of the entire funds allocated for business reconstruction in the rebuilding of all of lower Manhattan.

Greg LeRoy, author of The Great American Jobs Scam: Corporate Tax Dodging and the Myth of Jobs Creation," has seized on Sachs' shameless grab:


"After 20 years documenting outrageous subsidy deals, I thought I'd seen it all," said LeRoy. "But this episode takes the cake.

Here's a company with $4.5 billion in profits hogging 9/11 reconstruction funds while small businesses languish.

The subsidies are irrelevant to the company's stated concerns, and the approval process is rushed and secretive, mocking taxpayers' right to review and comment."

Check out LeRoy's report nailing down the perversity of the New York government's allocations - Url.: http://www.goodjobsny.org/lmdc_report.htm

© 2005 Independent Media Institute. All rights reserved.
View this story online at - Url.: http://www.alternet.org/bloggers/frel/24724/

************************************************************
Fwd. by:

FOREIGN PRESS FOUNDATION
http://tinyurl.com/8zhvo
Editor : Henk Ruyssenaars
http://tinyurl.com/amn3q
The Netherlands
FPF@Chello.nl

* MSNBC Poll: Ninety-four percent believes that George Bush and the neocon media mislead the nation to go to war with Iraq - Url.: http://www.msnbc.msn.com/id/8248969/

*Corporate News Media: Incompetent, Criminally Negligent or Complicit? - Url.: http://tinyurl.com/cqpfe

*Colin Powell: 'It is not anti-Semitic to criticize the policies of the state of Israel' - Url.: http://tinyurl.com/22p6c

*Who creates our money? And what is 'Press Freedom' about? - Url.: http://tinyurl.com/8cxyv

*The Secret of the private US Federal Bank - Url.: http://www.geocities.com/northstarzone/FED.html

* Brainwashed? Take the free 'Gullibility Factor' test to find out if you're really a mind slave or not - Url.: http://tinyurl.com/cbgnc

*Saturday, September 24 - 2005 - Massive March, Impeachment Rally & Anti-war Fair, Gather 11:00AM at the Washington Monument - Info - Url.: http://tinyurl.com/bnw4c

FPF-COPYRIGHT NOTICE - In accordance with Title 17 U. S. C. Section 107 - any copyrighted work in this message is distributed by the Foreign Press Foundation under fair use, without profit or payment, to those who have expressed a prior interest in receiving the information. Url.: http://liimirror.warwick.ac.uk/uscode/17/107.html

-0-