Goldman Sachs Backlash Makes Its Way To China

ft.com:

Public criticism of Goldman Sachs has come to China, where the investment bank has been lambasted in articles in state-controlled media.

Parts of the media, apparently emboldened by congressional inquiries and public anger in the west, have openly slated Goldman, arguably the most successful foreign investment bank in China.

Read the whole story: ft.com

Comments

[US1st2009]

03:42 PM on 06/08/2010

it takes shoving these $cum in prison for 150 years to hear the truth

"One day, Shannon Hay, a drug dealer who lived in the same unit in Butner as Madoff, asked about his crimes. "He told me his side. He took money off of people who were rich and greedy and wanted more,"... People, in other words, who deserved it."

we all know these wealthy elite necons are crooks but no one believes it until they actually say it to their faces, probably not even then.

http://www.huffingtonpost.com/2010/06/07/bernie-madoff-f--k-my-vic_n_602605.html

the greatest crook told everyone almost 200 years ago:

"Give me control over a nation's currency and I care not who makes its laws."

baron ma rothschild - 1818 - 1874

almost 200 years later they are stronger than ever:

goldman sachs and all of their minions in congress and the highest white house positions of power and influence, blankfein, paulson, kash-n-karry, robby rubin, and all of his proteges, geithner and all of the ny fed syndicate, greenspam who said "if you understood what i said you weren't listening closely enough," jp morgan, thain, fuld, sandy weill, chais, picower, dimon, charles prince, stephen friedman, jerry speyer, these 5 hedge fund managers aka Financial Terrorists.

http://www.huffingtonpost.com/2010/04/09/the-5-best-paid-hedge-fun_n_532071.html

they should all be INVESTIGATED, PROSECUTED, and CLAWED BACK for financial terrorism

[johnhuffy]

09:26 AM on 06/08/2010

China is our new boss. When the boys and girls in DC need a loan, they go to China. The borrower is a slave to the lender. That being said, good on China for calling out GS for what it is; a degenerate criminal enterprise preying on anyone they can.

[drhirise]

01:21 AM on 06/08/2010

When China talks money listens!

[omegapoint]

11:19 PM on 06/07/2010

People are trying to "invest" via the stock market and these room fulls of greaseball traders
just manipulate stocks untill they pain people out of them and once they're out they buy up
at the cheap. These people are nothing but pariahs. Haven't had a single losing day? 25 million dollars a day? Thats working peoples money thats being talked about, pensions, local government funds. The only way to make money at trading is from the losers.


"There are two types of traders, professionals and amatuers, the amatuers provide the money. "

[Scott Zwartz]

05:17 PM on 06/07/2010

Too bad for GS that Geithner isn't Chinese.

Now GS may be in trouble, deep trouble. With the Chinese mad, I'd get out of China if I were a GS exec. They execute corporate criminals unlike the US which gives the thugs billion dollar bonuses.

It's a bizarre world where it takes a Communist government to defend capitalism.

[spaceboobies]

02:12 PM on 06/07/2010

GS needs to be taken apart brick by brick and and buried.

[Chase Price]

03:37 PM on 06/07/2010

Thank you for the kind thought. It would be nice to see Goldman Sachs seized or at least broken up.

They can continue doing what they are doing and control the economy because the rules remain the same for derivitives trading, etc. People invest with them not because they generate value, but because they are so powerful and unscrupulous that people know they are going to get their ROI.

[gaubladt]

01:33 PM on 06/07/2010

Is anyone willing to place a bet against me that Lloyd B. and half a dozen others will be kidnapped and sent to China to face execution?
Would the administration react the same way as it did to the execution of the American citizen by Israel? (i.e.: no reaction)

[Amalek]

01:38 PM on 06/07/2010

There is no way China is going to execute their banker. Unless of course, the US dollar tanks so badly their investments are worthless. But, we would probably lynch him first.

[Maschine]

04:19 PM on 06/07/2010

This is good. Chinese have been around for a long time. if GS pisses off enough people in power, the noose is perfectly legal in China. Keep it up Goldman, can't wait for the headlines.

[Amalek]

01:31 PM on 06/07/2010

The Chinese press like to pile on when there is foreign criticism. Won't mean anything to Goldman, however. They are too important to blacklist. By any country, including the US.

[mday48]

01:41 PM on 06/07/2010

you don't have to blacklist them, just tax them. Thats what England did after the crisis, and subsequently GS left London.

[Scott Zwartz]

05:20 PM on 06/07/2010

Can Chinese ninjas be bribed? I bet not.

[Johnathan Plate]

12:36 PM on 06/07/2010

Well this was the only happy story I have read all day.

Although It is a scary thought that GS is that powerful in china too.

[Volkmoidruk]

12:35 PM on 06/07/2010

GS'll just have to bribe more to silence the bad press, same as they do here. But I admit I relish the thought of John Galt hisself in imminent danger of a Middle Kingdom beeaughch-slapping.

[Jim Marusak]

03:53 PM on 06/07/2010

i don't know about mr galt and your ayn rand reference there, but i will say this: if i were a shareholder of GS, and i didn't get a full accounting on how much $$$$ went to what governments and what representatives of such governments, to the penny, i would launch a shareholder lawsuit instantly to find out who got what, and to have the board and all of the officers sent packing without their pensions and their current salaries if they don't. you have every right as a shareholder to do so.

[Scott Zwartz]

05:22 PM on 06/07/2010

99.9999% of shareholders only care about the dividend checks and not what a corporation does to get the loot. Screw an economy? Fine. Chop off hands of African children? Fine Pollute the Gulf of Mexico and pay a $10 Billion dividend? Fine

[spinns17]

12:05 PM on 06/07/2010

talk is cheap china.do the right thing for us ,and ha/ng them.lol

[ganugo]

11:42 AM on 06/07/2010

It's just amazing that when American companies decide to expand into China they follow all the rules and regulations of the Chinese Government. And if any of these companies break any of the rules, the Chinese will throw them out of the country and banned them from ever doing business in China.

Now why can't America do the same?

[floodmfx]

12:26 PM on 06/07/2010

Because the Bank's campaign contributions are too big to allow them to fail.

[Amalek]

01:30 PM on 06/07/2010

You are naive if you think American companies follow all the rules in China and are tossed out if they do not. China is no different than America in that regards. Companies cheat, and usually get away with it.

I am a business school professor in China, and have never heard of an American company of any substance getting thrown out of the country. Seen a lot of deals go bad, but the blame should usually be spread around.

[ganugo]

01:31 PM on 06/07/2010

Google.

[ganugo]

01:32 PM on 06/07/2010

Citi-bank if I'm not mistaken has been banned from ever doing business in China or was that Japan?

[WoolStreet]

11:37 AM on 06/07/2010

Thus saith. the.LORD; For three. transgressions. of Israel, and for four, I will not turn away the punishment thereof; because they sold the righteous for silver, and the poor for a pair of shoes;”

“5:11 Forasmuch therefore as your treading is upon the poor, and ye take from him burdens of wheat: ye have built houses of hewn stone, but ye shall not dwell in them; ye have planted pleasant vineyards, but ye shall not drink wine of them....

5:12 For I know your manifold transgressions and your mighty sins: they afflict the just, they take a bribe, and they turn aside the poor in the gate from their right...””

[blogisti]

11:10 AM on 06/07/2010

It just keeps getting more and more difficult for Blankfein to do God's work.

[bayviking]

10:59 AM on 06/07/2010

Ppaer shufflers gone wild. They have nothing to do with producutivity, except their skills in leaching off that sector by front loading profits for themselves, getting out quickly and looking for another target.