Goldman Sachs: Pic of the day

My problem is that they don't do anything good for the average American. They don't produce anything usable for anybody. Goldman Sach does not increase the standard of living for anyone else and on top of it they get rewarded for irresponsible behavior and a slap on the wrist. Whereas any smaller company would have gotten a taste of the school of hard knocks.. Not a bunch of bankers and lobbyists in government paying off congress to stay in existence. I'm really sure this is what our founding fathers wanted to see happen. Sorry that's not America.
 
GS is not supposed to produce shit for the average American - they're supposed to make money and they do a god damn good job doing it, level playing field or not.

Now the average American is supposed to bitch and moan because people that make money made money and he can't touch it because he's too lazy to get off the couch and do something with his life....and he's doing a fine job at that as well... :D

We're only entitled to what we deserve from our actions - 90% of people work a dead end 9 to 5 job because it's safe, never take risks - and end up on bitch boards crying about how unfair life is...
 
Quote from FB123:

You know, these wall street fat cats really should think about how these exorbitant bonuses are making them look to the American people right now.

It's one thing to pay yourself a huge bonus when everything is going fine with the economy... but right after you have taken billions in taxpayer money, and while the rest of the country is in a near depression, paying yourself like this in such a public manner is actually pretty stupid.

'They' don't care. It's not like the bonuses paid are attached with names and numbers of each recipient and made public.
 
Quote from Sniemiec:

'They' don't care. It's not like the bonuses paid are attached with names and numbers of each recipient and made public.


Uhmmm.... it really doesn't matter. It's not hard to find out who the CEOs of these firms are.... all it takes is one nutcase, and the way that the media is stoking the fire on this topic, I would be concerned if I was running one of these firms. You don't want to be a target for pissed off stupid violent people any more than you have to.
 
Quote from FB123:

You believe that GS and other large firms actually make money on a fair and level playing field like the rest of us? Come on.

You know how I know you don't trade? Even the little guy knows it's not a "fair" and "level" playing field. You adjust and STILL MAKE MONEY.
 
Quote from FB123:

You believe that GS and other large firms actually make money on a fair and level playing field like the rest of us? Come on.
Nobody forces us to take the other side of their trades.
 
Quote from Landis82:

So much for people on a stock trading website called Elitetrader bashing a company that made money via risking proprietary capital and generating trading profits.

But since 90% of the people that post on this site obviously don't TRADE for a living, I'm not surprised with the ridiculous comments being made about Goldman Sachs or the Adam Halls of the world.

Goldman is a welfare queen, and may have not survived w/out taxpayer money.

So much for your lauded 'risk,' as the taxpayers were parlayed a ton of risk, while Goldman got to privatize profits.

In fact, no one knows how much money Goldman sucked from the public teat ala manner of AIG counterparty payments on CDSs that wouldn't have been made without Uncle Sam.

...socializing losses and privatizing profits.
 
Quote from MaklodaSux:

My problem is that they don't do anything good for the average American. They don't produce anything usable for anybody. Goldman Sach does not increase the standard of living for anyone else and on top of it they get rewarded for irresponsible behavior and a slap on the wrist. Whereas any smaller company would have gotten a taste of the school of hard knocks.. Not a bunch of bankers and lobbyists in government paying off congress to stay in existence. I'm really sure this is what our founding fathers wanted to see happen. Sorry that's not America.

Don't be mad that GS has the American dream - a business that makes a shitload of money. You want a piece of it? Become one of their clients. What, your net-worth isn't high enough? Wah wah wah. Start a business, make it successful, then come back and talk to them.


GS isn't some robotic machine - their internal mid-level directors and management CONSTANTLY fight with each other over stradegies and direction, though from what I hear it's not emotional, rather its constructive. GS rank-and-file are encouraged to speak their mind, so long as they can prove their positions with data.
 
if it gets that far... it wont matter how you made your money.

Checking your hands if they dont have traces of physical work and you well off will be enough to go in front of firing squad with your family.... see russia a while ago.

this guys must really believe they are beyond that....
 
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