Goldman Sachs update

with William Cohan, Andrew Ross Sorkin and Roben Farzad
in Current Affairs, Business
on Friday, July 16, 2010 * * * * *

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Goldman Sachs update William Cohan, Roben Farzad & Andrew Ross Sorkin

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Keywords:
Senate
money
Business
SEC
hearings
Goldman Sachs

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  • Comments 6
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    3. SharkswithfrikingLazers  10/03/2010 05:10 PM Report

      Bearing the tagline “Progress is Everyone’s Business,” the Goldman Sachs advertisement that ran Wednesday included a photograph of several wind turbines next to a close-up shot of a smiling, hard-hat-wearing worker standing at the base of a turbine. WOW!

      Goldman Sachs Does God's Work:

      http://www.colbertnation.com/the-colbert-report-videos/255237/november-11-2009/goldman-sachs-does-god -s-work

      http://www.thedailyshow.com/watch/mon-april-19-2010/these-f--king-guys---goldman-sachs

      http://www.nbc.com/saturday-night-live/video/really-with-seth-and-amy/1173561/

      Three minutes of Goldman history from 2006: http://www.youtube.com/watch?v=Vyl46aaSWnE

      In July, Goldman, without admitting or denying guilt, agreed to pay $550 million to settle civil fraud accusations in the sale of mortgage securities.

      And public sentiment goes beyond the headlines. Warren E. Buffett, a Goldman investor who has defended the company, captured the mood in an appearance on CNBC in March. Soon, he said, “they’re going to rewrite Genesis and have Goldman Sachs offering the apple.”

      Better Ideas for Goldman Sachs' New Ad Campaign:

      Under Buffett’s protection since 2008.

      Putting the zero in zero-sum game.

      (Government Bailout: $29 billion, SEC Settlement: $550 million, Doing God’s work? Priceless.)

      Helping you forget about Bernie Madoff one CDO (collateralized debt obligation) at a time.

      Let us do for you what we did for Greece.

      Like we give a f--- what you think about us . . .

      We put the douche in fiduciary.

      We get the gold, you get the sack.

      Goldman Rapes, Pillages & Sachs.

      The illegal we do immediately. The unconstitutional takes a little longer.

      Leverage: It’s what’s for dinner.

      Claim everything, Explain nothing, Deny everything.

      Vote for anybody you want, they all work for us.

      “What happens on Wall Street, stays on Wall Street.”

      Between greed and madness lies Goldman.

      Got Greed?

      Behind every great fortune lies a great crime. Behind that crime lies Goldman Sachs.

      We’re rich as hell and we’re not going to take this anymore!

      We make money for you, or against you, or sometimes both.

      We’re not crooks, we’re profit optimizers.

      From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression - and they're about to do it again by Matt Taibbi. As originally published in: Rolling Stone July 9-23, 2009 http://accesstoinfo.blogspot.com/2009/07/goldman-sachs-group-inc-aka-goldman.html

      Yes, Vampire plus Squid.

    4. robdverity  07/19/2010 08:45 PM Report

      The SEC is a complicit tool of the oligarches. The whole system is so rife they don't have to bother being embarrassed. Hubris works when you know the systems corrosion is working, and corruption is the goal to be sustained. Merely a step closer a banana republic. The irreducible national debt started with these guys - their ilk.

    5. salgadoce  07/19/2010 06:07 PM Report

      Clearly, these guys aren't the best and the brightest, because if they were, they would have continued to trick most Americans into believing that they are in fact doing 'God's work.'

      I have much more respect for the small-business owner who is a part of the real economy; what he accomplishes is infinitely more difficult than what the typical banker produces.

      E.G.: Case 1. I give you $10 million, and then I ask you to make $50,000 on it.

      Case 2. I give you $1000, and ask you to make $50,000 on it.

      In the first case, it's obvious you have to be a banker to get that setup, whereas the second case is reserved for all of the average Joe's out there.

      Point is, if you're getting free money from the Fed/taxpayers, you would have to be an idiot of biblical proportions not to make money. Whereas, a small business owner actually has to have talent and smarts and will in order to be able to pull himself from his bootstraps and turn his initial capital into more wealth.

    6. REMant  07/19/2010 01:43 PM Report

      You have to look at Goldman clients the same way you would look at ppl with a gambling addiction. One thing I'd say the reform bill is not, is an Obama triumph. One might have made some claim to that with the healthcare bill, but on the whole I think it is less electioneering than a very unhealthy sort of idolatry. It bothers me whether you are talking about iPhones, athletes or movie stars. In any case I doubt it will do anything to avoid crises, because it doesn't change the underlying monetary situation. And if that is so, it also won't alter the revolving door. A melancholy sign of all this is surely Charlie's own attitude here. If there's one thing we should have learned in the past three years, it is that Wall St does not equate to business. And I have little doubt that financial sector "recovery" has done little for the actual recovery of the economy as a whole.