Illusional Delusion

Cramer's Stop Trading! Goldman Has Nothing Better to Do (12/15/08)

I cant wait till the cat is out of the bag that these companies served no more than their own pockets without benefitting the clients they are paid to serve. Goldman's analysis has no more value than another person's guess which is of lesser and lesser value. Cramer does provide some comedic value though

Scrooge, aka Taxpayer, Heads for Wall Street

I agree that we can't enforce bonus payments, but the bailout belongs to the people, since the loss is socialized already. I would think that they had better be confident that they are the best before merely claiming so. I doubt the single bailout could save them completely.

Scrooge, aka Taxpayer, Heads for Wall Street

If employees of other companies get no/less bonus for a bad job done, why should these people get bonuses. I would argue that bonuses are no longer an incentive to the most capable people out there.

Right now, it's not even about how good they are, which they are not for getting into the need to be bailed out. Taxpayers' money are already wasted with all the government actions being put in to waste. How can banks afford to lend to so many people who can't afford to repay the loan? How can rating agencies not assess the risk correctly and misinform the public of the risk to return ratio?

One simple question to anyone who obviously paid for something with hard earned money, how much would you pay for a service that you do not want or in fact wastes your money? The abundance of money should already have attracted the best of the world to come here, so I don't understand what is so good about the current crop of people at these companies.

Frankly, if Goldman Sachs fail, maybe there will be a Silverman Sach or Bremann Sisters will rise and attract capable people. If so much money has been in the system and no one is capable enough to solve the problem, maybe money has now become a liability because it also attracts too much attention and therefore thieves? Perhaps getting the right structure (and regulations) and leadership (and people to regulate) is more important?