Too-big-to-jail Wall Street is ripping off taxpayers with a “social impact bond.”       Photo Credit: Shutterstock.com In 2012, Mayor Michael Bloomberg announced that New York City would be the site of a new experiment very dear to his billionaire’s heart. He declared that Wall Street megabank Goldman Sachs would provide a loan of nearly $10 million to pay for a program intended to reduce the rate at which adolescent men incarcerated at Rikers Island reoffend after their release (currently almost half reoffended within a year). The city government was short of money, so Goldman Sachs would step in to do what … Continue reading Goldman Sachs’ Outrageous Scheme to Profit Off Jailed Young Offenders