Goldman Sachs Donates To Haitian Cause...and A Call To Action

And they (GS) wonder why they get such bad PR.  They (GS) are truly their own worst enemy.

The Humanitarian effort for Haiti continues from all corners of the world.  The United States initially gave $100 million.  Larry King on his two hour program this past Monday raised about $5 million and Goldman Sachs gave $1 million.

Let's take a look at what Goldman's donation really meant as it is put into perspective. 

Tom Gregory: Goldman Sachs Donates 11 Minutes To Haiti !!!...click here for link to News Feed Blog
Goldman Sachs press office has announced the firm “will be donating $1,000,000″ to the Haiti Relief Effort.

Goldman Sachs made $9Billion in profits last year. That is $174 Million per week, $38 Million per trading day, $5.7 Million per trading hour, $96,000 per minute.
The Goldman Sachs donation represents 11 minutes of the firm’s profits.

 Now, this is not to say that the $1 million is not appreciated or needed but come on now, 11 minutes worth of profit.  This not to mention how much or how little this is in terms of their bonuses.  

If they are paying out $26 billion in bonuses then 1% of the bonus pool would be $26 million.  Just 1 lousy little percent would be 26 times what they are so generously giving to a nation - no, to people, human beings, men, women AND CHILDREN - devastated, mutilated and desperate.

Did not "his holiness" Blankfein talk about his executives giving to charity?  Would, in fact, any of his executives (including himself) notice any difference in their lives or lifestyles if they each gave $1 million?  I don't think so but it would make a very large difference in the lives - not lifestyles - of millions of Haitians.

Mr. Blankfein, think about this for a moment.  These are people, human beings, that need all the help the world can give and you and your people certainly have the ability to do more.  And you wonder why there is so much negative press against you.  Oh, I understand, there is nothing in Haiti for you to profit from.  You don't need any of these people as investors, they can't be.  Even the few upper class in Haiti will be in dire straights for some time to come.  So why help, is that it?

Your donation is a disgrace.  You are a disgrace.  Your company is a disgrace.  

Money is all relative and you guys relatively have a lot of it.  Now is the time to improve your image by truly "dong gods work" and helping these people to the fullest extent you can comfortably afford without diminishing your own needs.

I would even propose to you that we form a joint relief effort whereby any money we can raise through this site would be matched by you as well as being administered by you.  I know you monitor this site.  If you are interested you can contact me directly at info@gold666.org.  I will certainly and personally respond if you do.

In times like this everyone must put aside their differences and move ahead in a common cause that truly is needed and Humanitarian in nature.

The sights and sounds coming from Haiti via the news media are horrific.  The pain and suffering is inhumane to say the least.  To all our readers, help the Haitian people any way you can.

If there is anyone else out there that can help to set up a donation fund, secure and legitimate whereby all donations are distributed property and through proper established channels, please also contact me at info@gold666.com.

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Goldman Sachs Links and News - January 20, 2010

Image via Wikipedia

Goldman Sachs Sued by Investor Over Executive Compensation Plan
BusinessWeekColbert on Bonuses and Goldman Sachs | WallStreetOasis.com
By WallStreetOasis.com 
Connecting the Dots in the New World Order: Do You Go to a Goldman ...
By DotConnector 
Buffett Opposes Obama Bank Tax Plan, He Tells CNBC
BusinessWeek
 Goldman In Move To Avoid (Another) PR Disaster?
Wall Street Journal (blog)
Goldman The Invincible
Forbes
AIG 100-Cents Fed Deal Driven by France Belied by French Banks
BusinessWeek
Treasury Makes Banks Pay a TARP Premium
Wall Street Journal
Goldman Sachs Keeping Bonus Numbers to Itself for Now | Gossip News
By admin  
Hank Greenberg Tells WSJ Goldman Sachs Behind AIG's Collapse ... 
Goldman Sachs (NYSE:GS) Announcement it Will Delay Employee Bonus ...
By Gary 
Goldman Employees Must Wait for Bonus News
Wall Street Journal

Editor's Comment:
I separate this last link as it is a good one to read.  The comments are particularly interesting and show the people are sick and tired of what has and is still happening.  Post is by Charlie Gasparino.

The hearings into the roots of the recession aren’t scaring Wall Street. What’s really frightening is public anger at the industry shows no signs of abating, and Lloyd Blankfein, the man leading the charge to turn that around, is only making matters worse—and possibly putting his job at risk.

Wall Street is increasingly being defined by one firm, Goldman Sachs, and its least capable spokesman, CEO Lloyd Blankfein. 


The least appealing CEO on Wall Street is leading the effort to change the public perception that the system is rigged against the little guy suffering through 10 percent unemployment while the big banks party on.

If the hearings proved one thing, it’s just how much of a liability Goldman and Blankfein are to Wall Street’s attempt to massage its rotten image as an organization that feasts off government subsidies while Main Street suffers

Some of the comments to the blog:

Mr. Gasparino has overlooked the fact that most likely the unemployed were not "investors", and thus neither the government nor wall street cares about us or our opinions.

I wish all Goldman Sachs people go to HELL

The system is broken, the deal is rigged. When we have allowed the "smartest guys in the room" to borrow something belonging to someone else, and place a bet as to whether or not the value of that something will go either up or down; well we have taken the idea of gambling to new lows. (Editor's Note:  this is only an excerpt from this comment)

Goldman's problem is not uniquely Blankfein. Goldman's problem is that they behave like they're an arm of the government. If the banks had been allowed to go their way and their smarts really tested... and really smart financiers (not "smart" because they can get into taxpayers' pockets) had been allowed to pick up the pieces, none of this would be a problem.

...They're still playing U.S. taxpayers as if we're all punks.  (Editor's Note:  this is only an excerpt from this comment)

 Read the entire blog:
What Wall Street Really Fears
Daily Beast (blog)

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