As Earnings Are Upon Us, Some Goldman Thoughts [View article]
Obviously the commenter above didn't read your entire article. Your point that GS hires the best, so it is no wonder that those same people end up in the upper echelons of government, is right on point. This does not make them evil. It just means they are good at what they do.
And all this rubbish about Paulson basically using the government to save GS is also ridiculous. I get tired of hearing about the government indirectly "secretly funneled" billions to GS through AIG. Wasn't the whole point of bailing out AIG so that it could meet its obligations? If it didn't then use some of its bailout money to pay on claims that were due, then why bail them out? GS paid a fair price for the CDO's etc that it purchased from AIG, so when AIG paid what was due to GS, that was the natural consequence of AIG's bailout, not some sinister government conspiracy.
As Earnings Are Upon Us, Some Goldman Thoughts [View article]
And all this rubbish about Paulson basically using the government to save GS is also ridiculous. I get tired of hearing about the government indirectly "secretly funneled" billions to GS through AIG. Wasn't the whole point of bailing out AIG so that it could meet its obligations? If it didn't then use some of its bailout money to pay on claims that were due, then why bail them out? GS paid a fair price for the CDO's etc that it purchased from AIG, so when AIG paid what was due to GS, that was the natural consequence of AIG's bailout, not some sinister government conspiracy.