Who Will Hold Goldman Accountable? - Might Just be Everyday People
Whether it is Goldman Sachs' central role in the subprime crisis, handing out hundreds of millions in bonuses soon after receiving a $10 billion taxpa...
Whether it is Goldman Sachs' central role in the subprime crisis, handing out hundreds of millions in bonuses soon after receiving a $10 billion taxpa...
Sources close to God reported Thursday that the Supreme Being was angered at recent comments by Goldman Sachs CEO Lloyd Blankfein that's he's just a banker "doing God's work."
In a rare glimpse behind the closed-doors of The Federal Reserve, Chairman Ben Bernanke released a snapshot of the economy they have been looking at for months.
Banks are receiving the H1N1 vaccine because of their employees' importance to the financial well being of the country.
Today -- as global trade lies dead, as unemployment rises, as wages and incomes plummet, as US consumption and investment falls -- share prices zoom upwards and commodity prices rock.
There are plenty of media types who blame last year's implosion and the bailout on greedy bankers, but that's only part of the story. Wall Street needed a co-conspirator; namely, the government.
Let's weigh the pros and cons of the record bonuses going to Goldman Sachs, JP Morgan Chase and Morgan Stanley (and many others) during the worst economic crash since 1929.
Our Chairman, Who Art At Goldman, Blankfein Be Thy Name.
Goldman Sachs executives are sounding more and more like televangelists who say things like "We are doing the work of the ministry" and "Give and it shall be given unto you."
L'Osservatore Romano is reporting that Goldman Sachs is indeed Doing God's work, and His Former Holiness Joseph Ratzinger has confirmed the unsolicited hostile takeover.
While Wall Street's welfare queens have been busy collecting generous government handouts, the 50 states have been left to fend for themselves.
While Satan said he was "delighted" by the bonuses being paid out to Wall Street executives this year, he was clearly miffed that his role in the financial firms' successes had been largely ignored.
The only thing worse than Goldman Sachs amassing billions in bonus money for its executives, based on various government subsidies and bailout measures, is listening to it try to explain it all away.
Goldman executives had argued that the deal would provide much-needed capital to Fannie Mae, which it could use to finance additional low-income housing.
Calling Goldman Sachs a murderous, blood sucking cancerous leech etc, isn't perfect either, but it's going to have to do.
The Billionaire Bailout Society is not a shared society. We're not in it together. What's good for Wall Street is not good for the rest of us...they even get their swine flu shots before we do.
This week I had an opportunity most Americans would relish, just as I did. I was able to unload on two top executives of Goldman Sachs who descended from on high to my office to 'educate' me on bonuses.
With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.
It is long past time that our government take seriously and study intensely how oil prices are determined in a world of OPEC, speculation, timid oversight and failing transparency.
This story is not just a story about simple greed or securities fraud, it's a story about a company that has gotten so big and powerful that it can manipulate markets at will.