Lets bash Goldman Sachs instead of the Presidential candidates
@knoodleknight18 (917)
United States
May 12, 2012 7:03pm CST
I really don't care if you bash them or not but I'd like to share this article I came across the other day.
http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?pagewanted=all
Basically a pretty important guy submitted this article to the NY Times as he quit Goldman Sachs. It pretty much says the company now uses their clients to make money for the company, to the point of questionably legal activity at best.
Anyone find any merit in this, and what does it say about big business?
Even if it's not entirely true it really puts into perspective how damaging a corporation can be to the general population.
3 responses
@crossbones27 (48407)
• Mojave, California
13 May 12
I am for that, what you got? The problem is I see Romney being the same way, can we bash him too? I still say as much as people seem to hate Obama its because he wants to stop all this nonsense. Of course they will say he is just playing politics. One of the things that I am good at is judging peoples character. Obama genuine, Romney fake. Can't get no more simpler than that. Sorry people, I know good people when I see them 99 percent of the time.
1 person likes this
@Rollo1 (16679)
• Boston, Massachusetts
13 May 12
Obama wants to stop all this nonsense? I hardly think so. If he stopped the nonsense of Goldman Sachs, he'd cost himself a lot of money. Goldman Sachs is one of his top ten contributors, donating a whopping $1,013,091 to Obama's campaign in 2008. Take off the rose-colored glasses, Obama has gotten more money from Wall Street than any candidate in history.
@crossbones27 (48407)
• Mojave, California
13 May 12
Yes and how much are they donating in 2012. You can tell me that. we might have something to discuss.
@knoodleknight18 (917)
• United States
13 May 12
Anyone in congress gets too much money from companies like these. That's why they get away with so much, because even congress is basically employed by them. But 2nd term,Obama doesn't have worry about where the money comes from, he can out them and every other corrupt company and politician he wants. His career is over after 2016 no matter what he does, so go out with a bang, or something close like Clinton did.
Don't forget Obama also got more money from small donations than any other candidate in history by a large margin. Not saying much since every election the amount spent on campaigning by each party is greater than the previous.
@debrakcarey (19887)
• United States
14 May 12
http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405
(link found within the article you posted a link to)
I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs."
- Thomas Jefferson
Capitalism is not at fault, what has happened to this country was warned against by our founders, we did not listen. Below is a link to a tremendous article detailing the history of national bank's war against human dignity and liberty.
http://news-now.org/2010/07/famous-quotes-from-founding-fathers-and-historical-figures/
Added to that, we've also not heeded their warning about loosing our republic if we lost our moral base and you have todays headlines.
@debrakcarey (19887)
• United States
14 May 12
http://beforeitsnews.com/story/2135/081/Even_a_12-Year_Old_Knows_the_Truth_About_Public_Banking.html
Even a 12 year old knows what's up with banks and government.
@knoodleknight18 (917)
• United States
14 May 12
I'm surprised by your view of this. It's not money that's the problem it's actually how we make and use it. We in this country like to argue that the poor people are trapped and slaves to welfare. But I can just as well tell you that middle class does no better, they work a little more and have nicer junk. The reality is most people who make even 50k a year still live their entire lives in debt paying interest and rent to the lords.
@debrakcarey (19887)
• United States
15 May 12
It isn't about the money knoodle...that much is true.
I'm trying to show folks that we need to reform the whole system, not just elect a new president. I'm not a Ron Paul fan, but I do tend toward libertarianism. The less paws in the mix the better for me, the poor and the middle class. The federal government came into being because we needed a strong federal government, they sat through a long hot summer coming up with the Constitution, gave it enough power to get the job done, coin money was one of those jobs, and left the rest with the states. WE NEED to return to that or we are doomed. It may be to late already.
I see the greed, I see the dishonesty. A moral people would have not let all this get to this point. WE NEED to listen to those founders who said, that if America lost her morals, the republic would fall. We are witnessing that.
@elmiko (6630)
• United States
13 May 12
yeah i've read the article this guy wrote when he quit. i wonder how many clients will take this to heart and no longer do business with goldman sachs. if someone quits like this that has worked there for 12 years and writes such a damaging letter then how can you trust the company? you can't really fully trust them after this. if evidence of this behavior turns out to be more and more true then goldman sachs might even go bankrupt. why would the government bother to bail them out before this happens if they are such crooks.
@knoodleknight18 (917)
• United States
14 May 12
It's kind of a big problem really. If this guy was the night janitor it might not be credible, but he was in a pretty important position. It holds a lot of merit that something isn't right in the company. Of course if Goldman Sachs did go under it would hit most countries economies pretty hard. In the long term, letting bad business fail would be more beneficial than saving it and hoping it does better.
