Goldman Sachs' Investment Supports Sex Trafficking

[midnight]

This is a type of greed is unlike anything we’ve seen on Wall Street, and unlike anything most of us would have expected. Stealing money through the packaging of volatile and concealed mortgage loans is one thing, but leeching it from the sexual services of underage girls is another.

One frightening observation about Goldman’s response to this investment is that they didn’t deny their knowledge of the trafficking services, only that they didn’t influence them.

Owning 16 percent of a sex trafficking site is plenty enough influence.

This investment shows Goldman side stepping from their mortgage loan business and making a few extra bucks from an investment that trafficks underage teenagers. If we truly believe nobody in this mortgage loan brokerage knew about Backpage's adult section, then we'd live up to Goldman's infamous description of "Muppets."http://loans.org/mortgage/articles/goldman-sachs-investment-sex-trafficking

[Fuddnik]

1. That's a bit of a stretch.

If you're talking about their investment in AdultFriendFinders.com. It's a swinger site.

The only thing they traffic in, is lust.

[midnight]

2. The article states that Goldman Sachs invests in underage sex trafficking, and more than lust....

and more to do with violence and slavery....

"If Backpage’s adult section was looking to bring two people together in romance like the countless other dating websites out there, then there’d hardly be a problem. But it’s the “adult” section’s subpages that raise concern: escorts, body rubs, strippers and strip clubs, dom and fetish, ts, male escorts, and adult jobs.

Through this adult section, Backpage has allegedly turned itself into the largest online sex trafficking forum in the United States, according to Nicholas D. Kristof, an op-ed columnist for the New York Times.

Like the back alley of a city where illegal activity takes place, Backpage is one of the disgusting corners of the internet that allows the lowest of the low to operate their illegal trafficking of underage sex slaves.

The only thing more astonishing than that is who owns it."

Is your opinion based on your experience, or do you have a link that says otherwise?

[mojowork_n]

3. Here's the link

The article is not about adultfriendfinder. It's about the site that's taken the place of
Craigslist for "escort" ads, backpage.com

http://loans.org/mortgage/articles/goldman-sachs-investment-sex-trafficking

Backpage has 70 percent of the market for prostitution ads, according to the trade organization, AIM Group. The website makes over $22 million a year on their advertisements, a number that amounts to millions for the mortgage loan broker, Goldman....


.......“We had no influence over operations,” said Andrea Raphael, a Goldman Sachs spokeswoman, to Kristof.

While the mortgage loan giant’s stake in Backpage is small when compared to its other investments, the fact that a Wall Street business’s money has been used to support the sex trade is sickening.

I recall that in the film, "Inside Job," there were interviews with a woman who ran an
escort service that regularly provided services to high-end financial firms. The firms in turn
billed the charges as consulting fees, or whatever... The clients ran to the very top of
management and the billings were numbered in the thousands.

This is a story worth looking in to, as much to examine the way sex has become a
regularly exchanged commodity on Wall Street, as it is to look in to the toll on those
being exchanged.

[jade3000]

4. Too bad the guy who wrote the NY Times didn't dish some real scandal

Remember the NY Times piece by the former Goldman employee a few weeks ago. It's too bad the guy didn't provide info on their more questionable dealings.