2009-10-19blogspot.com

Yes, there is some public anger about Goldman Sachs. Sadly, much of it is misdirected towards the bonuses. The real outrage should be over the favoritism, influence pedaling, and business as usual environment in which Goldman Sachs can do what it wants, when it wants, while in a position to know in advance (and potentially trade off that knowledge) of what the government is about to do.

...

I am outraged and not just about Goldman Sachs, but about a process that allows, even encourages political pandering, by time and time again rewarding leveraged riverboat gamblers and failed institutions and at taxpayer expense.



Comments:

catherine at 12:35 2009-10-19 said:
OH IT IS COMING SOONER THAN YOU THINK.............

IN THE BEGINNING PEOPLE WERE JUST MAD IN ICELAND - then they got real real mad AND THREW THEM ALL OUT...........

PEOPLE ARE WATCHING AND WHEN THE FREE MONEY DRIES UP SO DO THESE DEAD ENTITIES.

NOW , TRUE THAT THE GOVERNMENT HAS DECIDED THAT JP IS THE ONE INVESTMENT BANK THEY SAVE AND I MEAN ONE

BUT THAT WON'T BE THE FUN THEY THOUGHT IT WOULD BE, AHH, JUST ASK KENNY BOY AT BOA HOW MUCH FUN IT IS TO TAKE THE HEAT FOR THE LOSSES AND LOSE THE JOB ANYWAY. Permalink

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