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Friday, May 6, 2011

Goldman Sachs and the Food Crisis

In a shocking report by Frederick Kaufman that has been featured on the Foreign Policy website, the role of Goldman Sachs and its Wall Street cohort in creating the food crisis has been revealed.

Frederick uncovers the 1991 scheme where Goldman bankers lead by Gary Cohn created a derivative that tracked 24 raw minerals; including coffee, cocoa, cattle, corn, hogs, soy and wheat and how that scheme was then manipulated to raise food commodity prices.-Did Goldman Sachs Help to Create the Current Food Crisis?

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