tag:blogger.com,1999:blog-5724181159639068489.post2640970035721078815..comments2023-11-05T05:09:14.089-05:00Comments on Goldman Sachs: Information, Comments, Opinions and Facts: Goldman Sachs Links and News - August 25 - 27, 2010RobertMhttp://www.blogger.com/profile/03960912417983904202noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5724181159639068489.post-41805829296212608342010-08-30T07:05:43.019-04:002010-08-30T07:05:43.019-04:00The Age of Mammon
“Financiers – like bank robbers...The Age of Mammon<br /><br />“Financiers – like bank robbers – do not create wealth. They merely distribute it. While the mob may idolize holdup men in good times, in the bad times it lynches them. What they will do to the new money men when their blood is up, we wait eagerly to find out.” - Mobs, Messiahs and Markets<br /><br /><br />It seems that Lloyd Blankfein, the CEO of Goldman Sachs, may have been overstating the case in saying his firm doing God’s work. With his $67.9 million compensation in 2007 and payment of $20.2 billion to his co-conspirators, Blankfein appears to be a proverbial camel trying to pass through the eye of a needle. This compensation was paid in the year before the financial collapse brought on by the criminal actions of Lloyd and his fellow henchmen. After having his firm bailed out by the American middle class taxpayer at the behest of his fellow Goldman alumni Hank Paulson, Lloyd practiced his version of austerity by cutting compensation for his flock to only $16.2 billion ($500,000 per employee) in 2009. I’m all for people making as much money as they can for doing a good job. But, I ask you – What benefits have Goldman Sachs, the other Wall Street banks, and hedge funds provided for America?<br /><br />Never have so few, done so little, and made so much, while screwing so many.<br /><br />http://tinyurl.com/29kdudvAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-9747678258639880602010-08-29T11:24:09.189-04:002010-08-29T11:24:09.189-04:00I heard that CNBC is going to have a program on Go...I heard that CNBC is going to have a program on Goldman Sachs on October 6. I didn't get the time. It might be worth watching.JRnoreply@blogger.com