Goldman Sachs has continued hugging the EU commission tight, after financing the anti-Brexit Remain campaign and spending millions lobbying Brussels, the aggressive Wall Street firm remains careful to keep in with the Eurocrats. Known as “Government Sachs” by those who mock the firm’s habit of hiring and providing US government officials, it is clinging tight to the EU bureaucracy post-Brexit. It has hired the former head of the European Commission Jose Manuel Barroso to be an advisor and non-executive chairman of Goldman Sachs International. These kind of hires provide lucrative connections to power and come to be very profitable in times of political crisis…
In September 2008 Peter Sutherland, also a former Irish EU commissioner, was Chairman of Goldman Sachs International when he strongly advised the naively led Irish government to buy up bank bond debts at the Irish taxpayer’s expense, for a total cost of some €85 billion or 37% of GDP, the highest per capita cost of the credit crisis in Europe. Sutherland’s advice will have saved Goldman Sachs billions in losses on the firm’s bond holdings. It will take the Irish people generations to pay off the debts Goldman Sachs advised their politicians to take on…
UPDATE: A new UKIP attack video dubs Cameron’s emergency brake an “emergency fake”:
Nick Clegg is clearly as masochist. Not content with the beating he took from Farage the last time they debated, he has agreed to take part in Round 2 at the Oxford Union on Monday. Clegg will be arguing that “This House believes Britain and the EU are better together” alongside Jose Manuel Barroso, and it will be the first time that the UKIP leader and the former European Commission president have debated face to face. Farage will be backed up by Bill Cash. Get your popcorn ready…