Goldman Sachs’s stock traders posted their highest quarterly revenue haul on record, riding a wave of volatility triggered by an emerging global trade war that’s roiled financial markets.
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Small percentage service fees for buying and selling, in an unstable and uncertain market, with so many transactions, earns a lot of commission. Who knew.
Not surprising. This is why many don't trust institutions. They profit during times of extreme fear and uncertainity while using every tool at their disposal (which are extensive) to mitigate their other risks.
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The billionaires will be fine. Many of them are on board. People ask: why are they crashing the economy? Billionaires WANT a recession so they can swoop in and buy everything for pennies on the dollar. Economic downturns and volatile markets are always an opportunity for some.
Same Trump-loving Israeli mafia that crashed the market in 2008 and ran away with all the 'little peoples' money… only to be bailed out with the 'little peoples' tax payer funds. A criminal banking racket that will continue to repeat itself.
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The 1% posted their highest quarterly revenue!
Woo hoo! (rubbing my hands together like a dirty fly) The trickle-down is gonna make me rich, bitch!
Trump is here to make the rich richer and all the other losers can die in factories praising his name