Replies

Well, there’s this too...

The Genius of Goldman?
July 14th, 2009 · No Comments · Politics, Money and Markets
The Genius of Goldman?

What’s up with the mainstream media acolytes who keep
aluding to the genius of Goldman Sachs?

What genius?

If it wasn’t for their former CEO Hank Paulson bankrupting
their competition (Bear and Lehman) and then extorting
Congress behind closed doors under the threat of martial law,
they wouldn’t even be in business today.

Does having your former CEO being able to choose who among
your competitors lives, or dies, make you a genius?

Does having your former CEO bail you out via the backdoor
of AIG, make you a genius?

Does running the latest shadow-government version of
INSLAW/PTECH/PROMIS software and front running the market
(not mention their own clients) as the defacto trading arm
of the Plunge Protection Team make you a genius?

Does stuffing profits offshore and only paying a 1% income tax
rate, after being bailed out by taxpayers who pay 20-30-40
times that, make you a genius?

Was former Goldman Chairman and NY Fed head Stephen Friedman a
genius, or just another front running, inside trader?

http://www.sliderontheblack.com/politics-money-and-markets/the-genius-of-goldman/