Tavakoli : Goldman Sachs reported record second-quarter profits . She says Goldman and Wall Street helped bring down the U.S. economy . Goldman reaped huge profit enabled by help it got in federal bailout , she says . Meanwhile , the American public faces a rising unemployment rate , falling housing prices , rising unemployment , higher local taxes and a dismal economic outlook . Tavakoli : The Federal Reserve is expected to raise interest rates next week for first time since 2008.
Tavakoli : Goldman Sachs reported record second-quarter profits . She says Goldman and Wall Street helped bring down the U.S. economy . Goldman reaped huge profit enabled by help it got in federal bailout , she says . Tavakoli : The Federal Reserve is expected to raise interest rates next week for first time since 2008.