Goldman Sachs
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- utopian
The Great American Bubble Machine
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.
- MrDinky0
Another big bad bank mumbo jumbo.
- d_rek0
They sure do have a pretty website though:
- nocomply0
Yeah I read that. Kind of sickening, but I've come to realize that you're going to get screwed in some way or another no matter where you live.
- robotron3k0
Can't knock a company that has a good looking website. I wonder who was shameless enough to design for the devil??
- That's up there like designing websites for the military or Campbell's soup.robotron3k
- Sagmeisterd_rek
- j/kd_rek
- i'd work for eminstrmntl
- BattleAxe0
Die Goldman Sachs Die
that is all
- MrDinky0
I find most people are singular minded about big banks. Its a necessary evil.
Your mortgage does not come from your local bank but from banks like Goldman. Your bank works as originator of loans and they sell that off to banks like Goldman who intern finds investors.
- BattleAxe0
How is it necessary to sell off a loan, if you don't think i will not pay you back, do not give me the loan . What they do with the loan afterwards is not necessary , it is just greedy shit
- KevinTx0
you said sachs...
- ukit0
It is amazing how many people in the government come from Goldman. They seem to have an inordinate amount of influence on the Democratic party, while the oil companies have a stranglehold on the Republican party. Basically your choice as a voter is between Gordon Gekko and that guy from There Will Be Blood.
- Look into how much actual oil reserves are now owned by investment banks.TheBlueOne
- Your two figures there are practically one and the same person these daysTheBlueOne
- Dont forget water. I have invested in hydro fundMrDinky
- Water is the oil of the 21st centuryTheBlueOne
- Goldman has be people in both parties sadly.DCDesigns
- MrDinky0
Ukit, think about every politician (almost everyone), they are all rich to begin with. Most of the them have finance or corp background.
- MrDinky0
Would you want who is in charge to be a guy who has no real experience in how to manage money?
- better the devil you knowlukus_W
- It's a good point dinky, but there still has to be a better wayTheBlueOne
- ukit0
Shouldn't there be some kind of rule against conflict of interest though? I didn't read the article, but I know that when they were trying to figure out which companies to "bail out" about a year ago, Hank Paulson (Treasury Secretary) called Blankfein, the Goldman CEO in for a private meeting.
Paulson is the ex-CEO of GS. Then they made a string of decisions which could be arguably said to benefit Goldman, while putting a Goldman guy in charge of distributing the bailout funds. You really think that's how things should work?
- utopian0
Just about everyone working for the U.S. Treasury is a former Goldman Sachs employee.
My question is...
If you are making hundreds-of-thousands of dollars a year working at Goldman Sachs, why in your right mind would you want to work for the government making pennies on the dollar?Unless you figured out a way to milk both the government and taxpayers out of their money!
- MrDinky0
Most rich guys, when they have reached their top and know that they cant get any higher, they go in to public service.
- ukit0
John Corzine, Governor of New Jersey is former Goldman CEO
- lukus_W0
* Goldman Sachs are 'too big to fail'
* Goldman Sachs have begun taking speculative risks on the money markets again -> and have started to see the reward.
* Many players in the financial world are pleased by their success -> sends a positive message + a lot of investment funds / pensions etc own Goldman shares.
* This could be construed as a slight return to kind of behaviour which led to 'all that nasty stuff' that happened last year.
* However GS have no incentive to change their behaviour because they'll be bailed out if all goes tits up again.