Jaime, I'm not trying to say GS is blameless. I am pointing out that it isn't coincidental that Buchanan and other high-profile Nazis single them out as an example of corporate corruption.
I am fairly new here C.F. 26 of these banking institutions are being investigated by the FBI. i am not too hopeful because i see how standards are lowered in everything:
1) unqualified people are working at jobs that are difficult to fulfill their duties in;
2) Hollywood, for example, in the era of the '40s you had to have it all, talent, looks, singing, dancing, and now, i truly believe that one of those execs had an ugly daughter, put her in a movie and the standards in Hollywood became mainstream: the uglier, the better, and talent, well...just get a voice coach and so on.
I do not know what kind of world we are living in now. It is different from when I grew up and also I am on the other coast now. I want to go home. I've had enough of California already.
C.F. there is corporate corruption everywhere. if you are nice, like so many of us are, that is a sign of weakness where I live in miserable Los Angeles. I don't see any gangs or any of that....it is quite gorgeous here, fun to people watch, however, I would like to move away from here. We needed a loan and were 2 or 3 days away from getting it because now we are at a standstill in business. Oh how delightful, this just came in my box:
They Gave Your Mortgage to a Less Qualified Minority
By Ann Coulter
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On MSNBC this week, Newsweek's Jonathan Alter tried to connect John McCain to the current financial disaster, saying: "If you remember the Keating Five scandal that (McCain) was a part of. ... He's really getting a free ride on the fact that he was in the middle of the last great financial scandal in our country."
McCain was "in the middle of" the Keating Five case in the sense that he was "exonerated." The lawyer for the Senate Ethics Committee wanted McCain removed from the investigation altogether, but, as The New York Times reported: "Sen. McCain was the only Republican embroiled in the affair, and Democrats on the panel would not release him."
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C.F., I hope to talk to you again and I want to hear what you have to say. I haven't heard anything derogatory about Goldman Sachs, but maybe the news (normal news not Obama news,) hasn't gotten to it all or i slept through it. You are entitled to think whatever you want. Has this been going on for a while with Goldman Sachs. A senator from NY (can't be sure but he had a strong NY accent,) today said around $390 billion is set aside in a
single institution for the bonuses at these lending and investment firms. no one is hired unless they are yes men. what do they want someone that says "no" to them for. excessive and outlandish payouts like that are sure to drive any company into the ground. we have no choice but to bail them out or the entire economy is down the tubes and it's the end of the USA. maybe i will change my mind tomorrow but it's late here and i've been on this computer too long! sleep well.
J.
Topic: $5 billion by Warren Buffet 9/24/08 (Read 2659 times)