A tax-free bond program that provided below-market financing to build Goldman Sachs Group Inc. (GS)’s headquarters is expiring while New York developers say the city’s commercial real estate market still needs support. Congress created the Liberty Bond program in March 2002 with $8 billion in tax-exempt funds to rebuild lower Manhattan after the Sept. 11 terrorist attacks. The allocation ran out last month, and the tax exemption ended on Dec. 31 along with dozens of other breaks for manufacturers, energy companies and transit commuters.Now you see why Goldman Sachs is against free market capitalism. It's easier to give money to Barack Obama and other politicians : because rent-seeking is a sure thing.
Thursday, February 14, 2013
Flashback 2012. Bloomberg on Goldman Sachs' raping of taxpayers:
Posted by Steve Bartin at 10:53 AM