Tim Price

Jon Stewart Takes on Goldman Sachs [Video]

They would have survived without the bailout ? I beg to differ: between July and November last year, Goldman's share price fell by over 70%. And then a brokerage company mystifyingly is allowed to convert to a bank holding company and thus qualify for all sorts of state support. And short selling is temporarily imposed. Sometimes, there are none so blind as those who cannot see.


On Jul 19 05:56 PM spqrusa wrote:

> Why bash GS for its excellent management of employee and shareholder
> value? Their doing exactly what any good company would do in these
> times - watch out for their interest.
>
> Is it their fault that Bush, Obama, most Democrats, and a handful
> of Republicans bailed them out? They would have survived the storm
> without the bailout - hell, it would have further weakened competitors
> if there was no bailout.
>
> The Court Jesters always have a twist that makes themselves look
> humble and self-righteous while they lambast the evil doers.

Jon Stewart Takes on Goldman Sachs [Video]

As a Brit I don't claim specialist knowledge of the US contribution scene. I just hate what I see. And what I see looks a lot like special interest groups buying off politicians. And I'm not letting Washington off the hook (not that I have a vote in the US) - but the explicit-seeming link between Goldman as big contributors and Goldman as bigger recipients (of other people's money) looks and smells extremely rank to me. As Matt Taibbi has written elsewhere, what's most galling about the GS results is that they're being widely attributed to trading acumen as opposed to, say, vast political largesse.


On Jul 18 02:36 PM A. Corinne wrote:

> Are politicians forced to take political contributions? YOU'RE point
> is crap. Don't let Washington off the hook for the part they're
> playing in this Goldman scheme.

Jon Stewart Takes on Goldman Sachs [Video]

I think Goldman Sachs' staff were the single biggest contributors to the Obama campaign so I think your point is essentially crap.


On Jul 18 03:37 AM Wisdom vs. Information wrote:

> GS is not writing the laws and hiring the bureaucrats that are taking
> away your money and rights-- that would be the politicians (that
> jon stewart supported, BTW). stewart is funny, but he is a symptom
> of the problem