Its your turn to vote here on the Goldman Sachs-gate conspiracy

Do you believe there was collusion between senior government officials and Goldman?

  • Yes, there was collusion between Goldman and the government.

    Votes: 109 87.2%
  • No, there was no collusion.

    Votes: 16 12.8%

  • Total voters
    125
People are always pissed at the most successful companies; to the losers everything the winner's do is unfair.

Quote from Rickshaw Man:

Goldman is the Welfare Queen of Wall Street - the major and primary expertise of the Goldman partners is the ability to socialize losses (i.e., have us, the public, pay for them through their governmental connections) and privatize profits (maintain the bounties from profitable activities in their own hands-again through their governmental connections). They do this through their intertwining networks in the halls of government, the Treasury, Fed and business. A Barron's article several months ago laid Goldman's most recent machinations bare in discussing how Goldman has used government guarantees of certificates of deposits to raise $20,000,000,000+ at extremely favorable interest rates to finance its proprietary trading activities - where equivalent financing raised without government guarantees would have cost 500 or 600 basis points more - and which would have materially cut into Goldman's profits. These guarantees were supposed to help banks raise money to lend - Barron's article noted that Goldman's CFO bragged about using the funds for its own trading activities. In my opinion, Goldman never met a conflict or potential conflict that it couldn't circumnavigate, at least in terms of its own code which embraces an extremely elastic view of one's ethical and fiduciary obligations. And the arrogance of this group is exemplified by Hank Paulson's attempt to get Congress to legislate unprecedented financial powers to him with no judicial oversight to "bail-out" the economy . The financial press in the past has, in general, been either too ignorant, or too in awe of Goldman, or both to write anything other than slavishly flattering pieces. If the general public knew all of the facts about Goldman I suspect there would be the same outrage


http://www.businessinsider.com/hank-paulson-in-constant-contact-with-goldman-during-crisis-2009-8
 
Quote from krazykarl:

People are always pissed at the most successful companies; to the losers everything the winner's do is unfair.

Some companies choose to operate in an ethical and fair manner, some don’t. The poll would suggest GS operates in an unethical manner.
 
i think you hit the nail on its head. Those who bitch about God and financial firms are clearly those who missed the sell-off last year, were possibly even long, at least they lost a bunch, and missed the rebound completely, are deeply under water and now have an increadibly hard time to comprehend there are market players who got it right. GS made money because senior management pressed traders to take on risk when everyone was the most afraid and scared, precisely in the same way then when Buffett hit as well. Amateurs who make GS their demon for life are those who will generally be behind the curve.

Come back and ask me for an apology when GS gets convicted for bribery in court. Oh, I forgot GS also bought the chief justice...


Quote from zdreg:

the bottom line are the regrets at not buying GS below 50.
you have to deal with the cards handed to you.
 
thats the biggest bollocks I heard in a while. The only thing this poll reflects is the average IQ of the ET readership, a crowd that avidly follows "SMART-Money" and every other monkey on the news. Give me a break...

Quote from Rickshaw Man:

Some companies choose to operate in an ethical and fair manner, some don’t. The poll would suggest GS operates in an unethical manner.
 
It’s really sad Goldmans reputation has taken a turn for the worse. . Association with this company at the moment is being discouraged. That’s the price you pay for unethical business practices. Over time things may get better.
 
Quote from asiaprop:

thats the biggest bollocks I heard in a while. The only thing this poll reflects is the average IQ of the ET readership, a crowd that avidly follows "SMART-Money" and every other monkey on the news. Give me a break...

Would you feel that way if the poll favored GS?
 
Quote from asiaprop:

i think you hit the nail on its head. Those who bitch about God and financial firms are clearly those who missed the sell-off last year, were possibly even long, at least they lost a bunch, and missed the rebound completely, are deeply under water and now have an increadibly hard time to comprehend there are market players who got it right. GS made money because senior management pressed traders to take on risk when everyone was the most afraid and scared, precisely in the same way then when Buffett hit as well. Amateurs who make GS their demon for life are those who will generally be behind the curve.

Come back and ask me for an apology when GS gets convicted for bribery in court. Oh, I forgot GS also bought the chief justice...

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?

Since when does front running & shearing the sheep make one a genius?
 
would you mind naming A SINGLE American company larger than 1bn market cap without any history of questionable ethical issues? I am curious what comes to mind...

Oh, I forgot, one which generates a satisfactory return for shareholders, because thats the benchmark here.

Quote from Rickshaw Man:

It’s really sad Goldmans reputation has taken a turn for the worse. . Association with this company at the moment is being discouraged. That’s the price you pay for unethical business practices. Over time things may get better.
 
are you ironic or a complete retard?

a) Nobody but BS and Lehman bankrupted themselves.
b) Congress voted on this bailout package under no threat whatsoever OTHER THAN their voters who would be lying drop dead on the street with an additional 10-20% of unemployment, personal bankruptcies, and investment losses. So if your elected representatives whore themselves out for votes in the upcoming election then thats something you better take up with them rather than trying to stick it to other, less influential parties involved. Or you want to tell us GS had more say on this than the administration and congress?
c) GS DOES NOT pay a 1% corporate income tax, no matter how you screw and turn it around.

You are full of shxx and you know it.



Quote from Rickshaw Man:

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?

Since when does front running & shearing the sheep make one a genius?
 
Quote from asiaprop:

are you ironic or a complete retard?

a) Nobody but BS and Lehman bankrupted themselves.
b) Congress voted on this bailout package under no threat whatsoever OTHER THAN their voters who would be lying drop dead on the street with an additional 10-20% of unemployment, personal bankruptcies, and investment losses.
c) GS DOES NOT pay a 1% corporate income tax, no matter how you screw and turn it around.

You are full of shxx and you know it.

Friend the facts are not in your favor. You can spout off all you want, and you indeed do plenty of that.

Try and think of a way to rig the numbers in this poll, thats the Goldman way to do business.
 
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