Bernanke Asked by Congress About Friedman's Goldman Sachs Stake ...
Goldman Sachs: Need... More... Evil! | BNET Financial Services ...
By Alain Sherter
Today's feature story is from BNet and written by Alain Sherter Goldman Sachs: Need...More...Evil.
This is not a headline grabbing or major exposure story of GS, yet it is just an interesting read and begs the question, "does GS really care about its image?"
The story is about GS hiring an ex-CEO of WalMart to its Board of Drek"ters". Is he a good guy or a bad guy? Who knows and as Alain says, who cares. But what I glean from this is that the bigger you are in this corporate world we have created, the less concerned you are about your image, your own corporate culture or society in general. You care about one thing and one thing only, MO MONEY, and you will do almost anything to get it.
Whatever you think about WalMart is also irrelevant. Remember when it prided itself in "Made in the USA"? It also does not matter what you think of Goldman Sachs, remember when they made money quietly and only screwing some?
What matters is that when you become Too Big you lose all touch with reality and good moral business attitude. When you become Too Big, you think you can walk on water and walk through walls. Too Big is an addictive drug that turns companies into a Jekyll and Hyde.
Too Big is not good period. Our Federal Government is Too Big. Now they think they can rule as dictators serving not the people but those other Too Big entities by feeding them and inhibiting good ole competition that once Capitalism was based on. Bigger is not better. A lesson that was learned in the 60's and 70's when mergers and acquisitions were the rage. All those companies eventually began to downsize realizing that owning all they owned was simply not managable. But then again, history does repeat itself, history should be our greatest teacher but for some reason - here in our country - we just don't pay any attention to any of that. We just want immediate gratification, we want to get as much as we can and damn the consequences.
Read the BNet article in full...click here
GoldmanSachs666 Message Board
According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage". In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia