Goldman Sachs Invests in Pimps CALL CHAIRMAN LLOYD BLANKFEIN 212 902 0300 2APR12

THIS is disgusting, and proof how morally bankrupt the financial-banking cabal on wall street is. IF YOU FIND THIS AS DISTURBING AS I DO CALL LLOYD BLANKFEIN, CHAIRMAN OF GOLDMAN SACHS AT 212 902 0300 AND TELL HIM SO.....

That Goldman Sachs screws its clients is well-documented.  That they screw their female employees has been well-argued (if not yet proven).  They screwed American taxpayers with a little help from AIG.  And they are in the process of (re)screwing the economy by spending millions of dollars on lobbyists and political contributions to stop financial reform.
Now - thanks to Nicholas Kristof - we learn 'God's Work' also includes trafficking children to sexual deviants.
To learn more, visit the Daily Agenda.
If you think this is as sick as I do, please call Lloyd Blankfein, the Chairman of Goldman Sachs at 212-902-0300.

Goldman Sachs, Investing in Pimps

After last week’s rally, spurred by Auburn Seminary, eyes and ears across Manhattan have been drawn to Backpage.com’s support of child sex-trafficking. Nicholas Kristof, whose March 18th article “Where Pimps Peddle Their Goods” kicked off this most recent spat of coverage, published another column this weekend decrying the Village Voice Media-owned outlet.
Kristof delved into Backpage.com’s financial backing, and found some very dirty laundry. Surprise, surprise: uber-private equity firm Goldman Sachs had a 16 percent stake in the sex trafficking classifieds site. Next to Jim Larkin and Michael Lacey, the chief executive and executive editor, respectively, Goldman is the best known, most visible owner. A Goldman managing director, Scott L. Lebovitz, actually held a seat on the board of Village Voice Media for many years.
While Kristof qualifies that this is indeed only a minor stake for the titanic financial firm, there is a level of tacit complicity:

That said, for more than six years Goldman has held a significant stake in a company notorious for ties to sex trafficking, and it sat on the company’s board for four of those years. There’s no indication that Goldman or anyone else ever used its ownership to urge Village Voice Media to drop escort ads or verify ages. Elizabeth L. McDougall, chief counsel for Village Voice Media, told me Friday that she was “unaware of any dissent” from owners.

And there are other companies still to investigate: Alta Communications and Brynwood Partners did not respond to Kristof’s inquiries during the investigation for his column, and we still have no way of knowing whether they are mere asset managers, or owners.