tag:blogger.com,1999:blog-5724181159639068489.post2495568396536674665..comments2023-11-05T05:09:14.089-05:00Comments on Goldman Sachs: Information, Comments, Opinions and Facts: When Goldman Sachs Continues to Make Huge BonusesRobertMhttp://www.blogger.com/profile/03960912417983904202noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-5724181159639068489.post-61558085961907619002011-01-18T12:36:09.461-05:002011-01-18T12:36:09.461-05:00Thank you, Anonymous, for the link to the Lucy Kel...Thank you, Anonymous, for the link to the Lucy Kellaway article. It was well worth the read and Goldman Sachs could profit from her suggestions:<br /><br />http://tinyurl.com/47ptyzcJoycenoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-67765224378160702312011-01-17T18:30:31.953-05:002011-01-17T18:30:31.953-05:00re:"they manifest the growing inequality of w...re:"they manifest the growing inequality of wealth in the US".<br /><br />Concentrated wealth destroys democracies. That's the path we're headed down. Maybe this is what they want?RobertMnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-43609716695231631512011-01-17T17:29:08.393-05:002011-01-17T17:29:08.393-05:00Do a search on article should come up or try this:...Do a search on article should come up or try this:<br /><br />http://www.ft.com/cms/s/f9c1ffa6-217c-11e0-9e3b-00144feab49a,dwp_uuid=68b1bd78-33fa-11da-adae-00000e2511c8,print=yes.html<br /><br />or<br /><br />http://tinyurl.com/47ptyzcAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-30839336403573323242011-01-17T13:02:41.221-05:002011-01-17T13:02:41.221-05:00The Lucy Kellaway article looks inviting but I don...The Lucy Kellaway article looks inviting but I don't have a membership to FT.com and can't read it.Joycenoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-58904659973872020832011-01-16T23:27:47.523-05:002011-01-16T23:27:47.523-05:00Finnish lesson on principles for Goldman
By Lucy ...Finnish lesson on principles for Goldman<br /><br />By Lucy Kellaway <br /><br /><br />"at least the first principle is pithy and memorable. “Our clients always come first,” it says. There is only one problem with this: it isn’t true. Not only is it not true in specific cases (like when Goldman sold “shitty deals” to clients and bragged about them), it isn’t true generally. Any bank really interested in its clients would shut down most of its M&A department on the grounds that buying other companies almost always works out badly. The second principle is a long screed about Goldman’s “unswerving adherence” to being legal and ethical, with the result that the bank’s speciality – generating profit – gets shunted into third place. “Our goal is to provide superior returns to our shareholders,” the principle starts, making it sound almost altruistic. There is no mention of anything as vulgar as money; the word “superior” is pleasingly ungreedy. “Profitability is critical to achieving superior returns,” it explains, passing off a tautology as if it were an insight"<br /><br /><br /> http://www.ft.com/cms/s/0/f9c1ffa6-217c-11e0-9e3b-00144feab49a.html#ixzz1BGOeER8EAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-71396202252579325712011-01-16T18:55:25.883-05:002011-01-16T18:55:25.883-05:00The revolving door between Wall Street and Washing...The revolving door between Wall Street and Washington motivates our leadership to preserve the status quo, which is corrosive to markets because smaller investors are waking up to the fact that the rules are stacked in favor of the big players. Investing as we have historically thought of it is dead.<br /><br />http://www.chrismartenson.com/blog/interview-marc-faber/50776Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-83351073252973368352011-01-16T18:04:35.830-05:002011-01-16T18:04:35.830-05:00Friedman was a fraud....avoiding pollution?...yet ...Friedman was a fraud....avoiding pollution?...yet he would then be ok with society paying those costs?..so in effect that is a wealth transfer...the costs associated with that pollution would go to the many so the few would reap gains....he's a friggin fascist.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-41392394088785226422011-01-16T17:54:33.926-05:002011-01-16T17:54:33.926-05:00If every American read this book they wouldn't...If every American read this book they wouldn't be so naive when they tallied the bankster's scorecards...and how politician's are part of their score!<br /><br />Inflated: How Money and Debt Built the American Dream<br />In each of these instances, Mr. Whalen bemoans Americans’ reliance on paper money and debt financing — a reliance, he contends, that is often fostered to expand political, business and financial leaders’ power and wealth.<br /><br /><br />http://www.ritholtz.com/blog/2011/01/inflated-by-chris-whalen/Anonymousnoreply@blogger.com