They were fraudulent pyramid schemes, a “Charles Ponzi-Bernie Madoff scam .” Then and today, they collapsed, the way they always do when insiders pull the plug at the same time, cashing out to let their customers take the pain. …. ñ Dan Jester, former GS strategic officer involved in 2008 Treasury initiatives, especially the Fannie and Freddie takeovers and bailing out his former employer;. ñ Steve Shafran, formerly a GS Asian executive involved in Treasuryís guarantee …

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Goldman Sachs: Master of the Universe