Financiers and Sex Trafficking [Archive] - Glock Talk

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snerd
04-01-2012, 16:40
LOL! Scurrying away like cockroaches when the lights come on!
THE biggest forum for sex trafficking of under-age girls in the United States appears to be a Web site called Backpage.com.

This emporium for girls and women — some under age or forced into prostitution — is in turn owned by an opaque private company called Village Voice Media. Until now it has been unclear who the ultimate owners are.

That mystery is solved. The owners turn out to include private equity (http://topics.nytimes.com/top/reference/timestopics/subjects/p/private_equity/index.html?inline=nyt-classifier) financiers, including Goldman Sachs (http://topics.nytimes.com/top/news/business/companies/goldman_sachs_group_inc/index.html?inline=nyt-org) with a 16 percent stake.

Goldman Sachs was mortified when I began inquiring last week about its stake in America’s leading Web site for prostitution ads. It began working frantically to unload its shares, and on Friday afternoon it called to say that it had just signed an agreement to sell its stake to management.

“We had no influence over operations,” Andrea Raphael, a Goldman Sachs spokeswoman, told me.

http://www.nytimes.com/2012/04/01/opinion/sunday/kristof-financers-and-sex-trafficking.html?_r=3&ref=business

English
04-02-2012, 06:25
Why would Goldman Sachs sell their shares? Sex traficking is a very profitable business! Maybe they just want to move their money closer in to the core business.

For those who don't appreciate irony (I think that is the technical term), I don't subscribe to my sentences above.

English

certifiedfunds
04-02-2012, 06:46
So, while GS was scurrying to unload its shares, which one of its clients was getting advised to buy them?:rofl:

eracer
04-02-2012, 06:54
This is unpossible. Wall Street financiers are moral, and good, and represent the best of America.

series1811
04-02-2012, 07:40
It is sad that we have reached the stage where there is absolutely nothing companies like Goldman-Sachs can do anymore that shocks us.

In a just world, these guys would be getting shot between the eyes, and being hung from lamposts.

Lucky for them the world isn't just.

Glock30Eric
04-02-2012, 08:07
I am so surprised that GS won't go under, even with the most extreme cases. Jeez, they are truly a too big to fail company which that is destroying us.

maxsnafu
04-02-2012, 08:33
This is unpossible. Wall Street financiers are moral, and good, and represent the best of America.

...and deserve MANY more of our tax dollars.

eracer
04-02-2012, 08:37
...and deserve MANY more of our tax dollars.After all, they are poor and destitute, and hey, it was only a couple of teeny-weeny bad decisions that caused them to collapse. Not really their fault, though. When you can turn Monopoly money into real money, you are like Gods to us mere mortals.