Cogentrix Energy is an indirect, wholly-owned subsidiary of The Goldman Sachs Group, Inc.
Cogentrix Energy is the organization that is trying to profit from this power plant. You will pay for it with or without your consent. click here to read “The Effect of Power Plants on Local Housing Values and Rents”
Read Goldman Sachs internal emails
April 24, 2010
Senate subcommittee investigating financial crisis releases documents on role of Goldman Sachs.
The Subcommittee, whose Chairman is Sen. Carl Levin, D-Mich., and whose Ranking Republican is Sen. Tom Coburn, R-Okla., has conducted a nearly year and a half investigation into the 2008 financial crisis. “Investment banks such as Goldman Sachs were not simply market-makers, they were selfinterested promoters of risky and complicated financial schemes that helped trigger the crisis,” said Sen. Levin. “They bundled toxic mortgages into complex financial instruments, got the credit rating agencies to label them as AAA securities, and sold them to investors, magnifying and spreading risk throughout the financial system, and all too often betting against the instruments they sold and profiting at the expense of their clients.”