Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Why no scandal tarnishes Teflon-coated Goldman (Government) Sachs
New York Post ^ | 03/26/2012 | Terry Keenan

Posted on 03/26/2012 6:09:54 AM PDT by SeekAndFind

Goldman Sachs may be conducting an Easter egg hunt in search of the smoking Muppet e-mail, but you know in the end CEO Lloyd Blankfein will come up with the golden egg. Its profits will rise, its stock will soar.

Why is Goldman Teflon-coated? Countless pixels have been generated noting the revolving door between Goldman and Washington, its supposedly undue influence in high places, its eagerness to hire those with a few extra IQ points on the competition, the special sauce it adds to its souped-up derivatives — you’ve seen the list.

But what if it isn’t nearly as complicated as that? For a simple explanation of what makes Goldman tick and keeps it immutable even in the face of great challenges, I turn to Disney, keeper of the Muppets — the real ones.

Think of Goldman as the Premier Theme Park of Finance, where the “theme” is making money: making money for its clients and making lots of money for its partners. Better yet, since Goldman’s business is all about money and moving it around (the $63 billion dollar firm doesn’t make anything), it is fortunate to find itself in the biggest growth business on the globe.

Veteran Goldman-gazers have seen this phemomenon before, as it has played out over the past 25 years. From the Ivan Boesky insider-trading scandal (which ended with the conviction of a senior Goldman partner) to the firm’s brush with death in late 2008, Goldman always skates through in better form than its competition.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: goldmansachs; scandal

1 posted on 03/26/2012 6:09:59 AM PDT by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind

if you think crony capitalism is rampant under zer0bama...wait till you see it under Willard.


2 posted on 03/26/2012 6:13:25 AM PDT by Vaquero (Molon Labe)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Why no scandal tarnishes Teflon-coated Goldman (Government) Sachs


Where there’s smoke...there’s fire. Where there’s big money...there’s corruption.

Enough said.


3 posted on 03/26/2012 6:14:41 AM PDT by DH (Once the tainted finger of government touches anything the rot begins)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vaquero
if you think crony capitalism is rampant under zer0bama...wait till you see it under Willard.

If we do't fire Obama there is no hope for this country, but, yeah Goldie has picked every administration since Bush I.

4 posted on 03/26/2012 6:17:10 AM PDT by Tribune7 (GAS WAS $1.85 per gallon on the day Obama was Inaugurated! - - freeper Gaffer)
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind

This revolving door has to stop.


5 posted on 03/26/2012 6:25:27 AM PDT by WashingtonSource
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson