What's up? No Goldman Sach's bashing going on in here?
rssesq
Fairfield County Posts: 3,299
Why does Wall Street get a free pass and there are 4 threads about AZ?
http://www.youtube.com/watch?v=ONDZr840 ... 1&index=23
http://www.youtube.com/watch?v=ONDZr840 ... 1&index=23
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Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. - Louis Brandeis
Atlanta,GA 1994 1&2
N.Charleston, SC 1996
Greenville, SC 1998
Atlanta, GA 2000
Columbia, SC 2008
EV(2009) - Atlanta 1
"Well, you tell him that I don't talk to suckas."
http://www.thedailyshow.com/watch/tue-a ... -cumission
Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. - Louis Brandeis
I bashed them a little, but I did it in an Arizona thread.
They also have friends in Washington....I just laugh when I watched congress pretend they were ripping them a new asshole....
http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/Is-Goldman-Obamas-Enron-No-its-worse-91613449.html
It would be fair to say that the total amount the Obama administration has received from those affiliated with Goldman Sachs is ten times that of what Bush received from Enron.
Goldman is being sued for civil fraud by the Securities and Exchange Commission for deliberately putting unwitting clients on the wrong side of a mortgage security trade that had been designed to fail.
UPDATE: It's not even just campaign contributions. There's quite the revolving door. According to our own Tim Carney:
Greg Craig, Obama's first White House counsel, has joined Goldman, we learned this week. He may not have too much pull in the West Wing, which drove him out for hewing too close to Obama's campaign promises, but as a former insider he will provide valuable intelligence to the world's largest investment bank.
Rahm Emanuel, White House chief of staff, was paid $35,000 as a consultant to Goldman while also working as Bill Clinton's top fundraiser. Obama's fundraiser and economic adviser Warren Buffett is very long on Goldman, having bet on them in 2008 in the expectation of a bailout. Mark Patterson, chief of staff to Treasury Secretary Tim Geithner, was a Goldman Sachs lobbyist until months before joining Team Obama.
What does that add up to? Getting a hand in making the regulations:
Politico quoted a Goldman lobbyist Monday saying, "We're not against regulation. We're for regulation. We partner with regulators." At least three times in Goldman's conference call Tuesday, spokesmen trumpeted the firm's support for more federal control.
... Goldman's annual report explicitly endorsed stricter federal capital and liquidity requirements. Goldman reported on the conference call that it holds 15 percent "Tier 1 capital," meaning it is very liquid and not very risky. Goldman can play it safe, you see, without needing a regulation. But regulations prevent smaller competitors from taking the risks needed to compete with Goldman (and every competitor is smaller).
Read more at the Washington Examiner: http://www.washingtonexaminer.com/opini ... z0mQfoDzOZ
Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. - Louis Brandeis
Hell, look at Wells Fargo they are making a killing raising prices on foreclosed property and reselling them as is.
The policies which wrecked this nation's economy were implemented deliberately from the top down, USING firms like Goldman as their vehicles. To "blame" Goldman would be to miss the overarching takeaway point, which is that those who are really in control PLANNED for this to happen, in order to use it to further their aims of GLOBALIZING THE WORLD BANKING STRUCTURE.
Work backwards from the RESULTS of the crisis, to see what the MOTIVE for the crisis was, THEN start laying blame.
If I opened it now would you not understand?
I don't understand this comment. Is Wells Fargo supposed to put a bunch of money in a property they are already upside down on because its value is 25% to 35% lower than when they originally loaned out the money? I promise you they are not making a "killing" on foreclosures.
Atlanta,GA 1994 1&2
N.Charleston, SC 1996
Greenville, SC 1998
Atlanta, GA 2000
Columbia, SC 2008
EV(2009) - Atlanta 1
what are you but my reflection? who am i to judge or strike you down?
"I will promise you this, that if we have not gotten our troops out by the time I am president, it is the first thing I will do. I will get our troops home. We will bring an end to this war. You can take that to the bank." - Barack Obama
when you told me 'if you can't beat 'em, join 'em'
i was thinkin 'death before dishonor'
Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. - Louis Brandeis
This goes further back than Obama....(from 2006 article)
http://www.commondreams.org/headlines06/0820-06.htm
Has Goldman Sachs Taken Over the Bush Administration?
When US President George W. Bush stepped forward to announce his new treasury secretary on May 30, a few Goldman Sachs friends likely knew Henry Paulson had the job.
Paulson was not the first Goldman executive to join the Bush administration from the 137-year-old investment bank described by the president as one of America's "most respected firms".
In fact, he was following in the well-heeled footsteps of three other former Goldman alumni who answered Bush's call, although Stephen Friedman who briefly headed the White House National Economic Council, has since returned to "the firm" as it is known on Wall Street.
Aside from running a billion-dollar bank, it is also likely that Paulson's political donations of tens of thousands of dollars to Republican senators added to his luster.
The "revolving door" between the corporate world and government is nothing new, but Goldman leads the way by far in terms of its managers infiltrating the White House and other top government posts.
"It appears to be, for whatever reason, that Goldman Sachs sometimes has a disproportionate share of former employees in and out of government at any one time," said former White House spokesman Trent Duffy, who observed personnel decisions.
"Some companies are more welcoming of government officials and maybe that's how Goldman has been a little more successful in putting its people in there," Duffy said.
Others said Goldman's blue-chip reputation also helps.
"There is a bias in favor of people who have risen to the top at places like Goldman because it is seen as giving that person more to offer in that type of post, like the treasury," said Beth Young, an analyst at The Corporate Library, an independent corporate governance consultancy.
Young said Goldman benefits when executives return to the firm, as they would be expected to bring back a BlackBerry bursting with influential contacts.
Goldman does not publicly trumpet the appointments, but it does celebrate top managers who have served in the government.
One of the oil paintings hanging in the executive suite at Goldman's New York headquarters portrays Robert Rubin, a former vice chairman who became then-president Bill Clinton's treasury secretary.
But Bush has hired far more heavily from the bank that was founded in a New York basement by German immigrant Marcus Goldman in 1869.
The president's chief of staff, Josh Bolten, and the chairman of the Commodity Futures Trading Commission, Jeffery Reuben, are Goldman alumni.
But the flow goes both ways. Goldman recently hired Robert Zoellick, who stepped down as the US deputy secretary of state, and Faryar Shirzad, who worked as one of Bush's national security advisors.
"They must do a great job of maintaining their presence in Washington," said Jerry Swerling, a public relations profesor at the University of Southern California's Annenberg School for Communication, who has advised General Motors and Cisco Systems.
"When you look at the appointments that these Goldman people have been getting it certainly says 'yes' to all those criteria" that Goldman's clients would desire in terms of inside knowledge and government access," Swerling said.
A securities law expert, who asked to remain anonymous, said: "They're very attentive at Goldman to what school you went to," noting that "the firm" recruits from "Ivy League" universities like Harvard and Yale.
This creates a "network" of individuals who have friends in high government office, the expert said.
A Goldman Sachs spokesman said the firm is proud of executives who enter public service and that it welcomes former government officials.
"We are doing business at the intersection of so many markets around the world, that people with a global perspective are immensely useful," the spokesman said.
A space on the executive suite wall is reserved for Paulson's portrait, but a sitting has yet to be scheduled.
Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. - Louis Brandeis
pffffffffffffffft everyone knows the world began january 2009 :roll:
what are you but my reflection? who am i to judge or strike you down?
"I will promise you this, that if we have not gotten our troops out by the time I am president, it is the first thing I will do. I will get our troops home. We will bring an end to this war. You can take that to the bank." - Barack Obama
when you told me 'if you can't beat 'em, join 'em'
i was thinkin 'death before dishonor'
Well... think about it...
Do you actually believe that anyone here... Conservative or Liberal... is going to argue points in FAVOR of Goldman Sachs? It's pretty much a one sided issue... eveyone thinks they are a bunch of Wall Street douchebags.
Whereas the Arizona Immigration Law has two opposite views.
Kinda makes sense, right?
Hail, Hail!!!