On the other hand we should not forget the Kol Nidre prayer he recites on the so called “Day of Atonement”:
"All personal vows we are likely to make, all personal oaths and pledges we are likely to take between this Yom Kippur and the next Yom Kippur, we publicly renounce. Let them all be relinquished and abandoned, null and void, neither firm nor established. Let our personal vows, pledges and oaths be considered neither vows nor pledges nor oaths.”
How Paulson Gave Goldman the Lehman Heads-Up [View article]
Paulson is just a Prince of a guy. Machiavelli would be proud. After 2 years of this, it may be time for the SEC or FBI or CIA or Congress or Senate or someone to investigate?
The Coming Consequences of Banking Fraud [View article]
It's said that the children pay for the sins of their fathers. Well, I don't mind paying for my own father's little sins. It's paying for the sins of JP Morgan, Woodrow Wilson, FDR etc. that I have a big problem with.
Jon Stewart Takes on Goldman Sachs [Video]
[View article]
Remember the story of Ferdinand the donkey? He loved his master so much, he never refused a burden from him no matter how heavy. And master loved Ferdinand greatly because he made him rich. Alas, one day Ferdinand wandered in to a swamp and began to sink. He brayed and brayed for his master to remove his burden so he could escape but master didn’t want to get stuck himself so he left Ferdinand and returned to the town to buy another donkey.
Buffett's Big Bet: The Real Value of the Berkshire Investment in Goldman Sachs [View article]
I think the GS deal represents everything that has gone wrong with the "free" market. The politically connected big fish gets the sweetheart deals and Fed guarantees while everyone else gets gypped. What little "value" that was left in the common stock was just transferred to BRK.
Buffett's Big Bet: The Real Value of the Berkshire Investment in Goldman Sachs [View article]
The GS deal was just good politics. The Fed was willing to do anything to hitch the GS falling star to Buffet's rising star. Beyond the public deal, I'm sure Buffet got all kinds of secret guarantees from the Fed.
Goldman's Human Face [View article]
"All personal vows we are likely to make, all personal oaths and pledges we are likely to take between this Yom Kippur and the next Yom Kippur, we publicly renounce. Let them all be relinquished and abandoned, null and void, neither firm nor established. Let our personal vows, pledges and oaths be considered neither vows nor pledges nor oaths.”
How Paulson Gave Goldman the Lehman Heads-Up [View article]
The Coming Consequences of Banking Fraud [View article]
High Frequency Trading Glitsch [View article]
Flash Trading: Goldman Sachs Front Running Everyone Else [View article]
Jon Stewart Takes on Goldman Sachs [Video] [View article]
Buffett's Big Bet: The Real Value of the Berkshire Investment in Goldman Sachs [View article]
Buffett's Big Bet: The Real Value of the Berkshire Investment in Goldman Sachs [View article]
25 Ways to Tell a Banking System Is Unsound [View article]