Hillary's favorite community bank, Goldman Sachs, wants to "help" average people

[brentspeak]

And like a good neighbor, Goldman Sachs is there...to help themselves' to your income and retirement nest eggs.

Oh, don't worry -- your money is safe.

More specifically, it will be safely accruing interest for some Clinton Foundation investment vehicle tax-protected in an offshore, unnumbered Panama account.

https://www.washingtonpost.com/business/economy/why-goldman-sachs-suddenly-wants-to-work-for-average-people/2016/05/04/ca003336-10a6-11e6-8967-7ac733c56f12_story.html

Why Goldman Sachs suddenly wants to work for average people

By Renae Merle May 4 at 11:00 AM

NEW YORK—For 147 years, Goldman Sachs has been best known as a secretive, Wall Street dealmaker with the ear of the White House. It helps big institutions and billionaires bet on the markets, and large corporations raise money.

What it hasn’t done — until now — is work closely with the average American.

Now, the elite New York bank is jumping into the world of retail banking, launching GS Bank to offer high-yield online savings accounts for those with as little as $1. The investment bank is also serving up retirement savings accounts. It won’t be long, too, before consumers can ask mighty Goldman Sachs, which requires clients to have at least $10 million for its wealth management services, for a loan of a few thousand dollars to fix a roof or get rid of high-interest credit cards.

The move is a stark example of the changes the financial world has undertaken since the 2008 financial crisis. New regulations have made consumer banking an attractive market for Goldman—and a potentially profitable one.

[CompanyFirstSergeant]

1. I'd rather deal with a loan shark.

Not that I ever have, but I rather would.