Eliot Spitzer understands Goldman Sachs as well as anyone except perhaps a GS insider. Not only does Goldman Sachs have incredible paydays, with egregious bonuses, but Goldman is perennially great at making money for itself, of spreading money around the financial system and of creating new millionaires and billionaires, but it does little to help the whole economy and does nothing to create jobs that actually assist in the growth of the whole economy.
Elito Spitzer was interviewed below on Bloomberg:
You can see the video here
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People better start thinking about this quote seriously...from jessecafe:
"The conscious and intelligent manipulation of the organized habits and opinions of the public is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country." Edward Bernays
“Black Swan” author Nassim Taleb appeared on Bloomberg Television’s “Surveillance Midday” with Tom Keene today. He said that he’s worried about the crisis in the U.S. more than in Europe and that executive compensation on Wall Street is not fully addressed by regulators, causing a “moral hazard.”
http://www.ritholtz.com/blog/2010/12/black-swan-author-nassim-taleb-on-bloomberg-television/
Hudson's 1-2 Punch
http://www.itulip.com/forums/showthread.php/17922-Hudson-s-1-2-Punch
If his money evolves only in one circle, no one will envy him despite of his success.
If his money revolves only in one circle, no one will envy him despite of his success.
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