The New York Times is reporting that private equity financiers (including the 16% stake owned by Goldman Sachs) own the biggest forum for sex trafficking of under-age girls in the United States — a web site called Backpage.com, owned by Village Voice Media.
In one recent case in New York City, prosecutors say that a 15-year-old girl was drugged, tied up, raped and sold to johns through Backpage and other sites.
Perhaps this is a small indication of why Warren Buffet's 2008 $5 billion Berkshire Hathaway investment in Goldman Sachs has yielded a 50% return. Yeah, we know Warren invested to stabilize the economy (and to enrich himself via the VERY favorable terms of his investment at a time when Goldman Sachs was pretty desperate), not to encourage teenage girl white slavery, but geez. Ewww.
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