Comments on: Forget about Goldman

By: Poll results: Why Obama has ratcheted up the populist rhetoric - Credit Writedowns

Mon, 25 Jan 2010 23:22:20 +0000

[...] ground rules which aligns Wall Street’s and Main Street’s incentives. In my July post “Forget about Goldman,” I said:It’s the U.S. government we should be pointing fingers at. While Goldman is crying out [...]

By: LavrentiBeria

LavrentiBeria — Mon, 25 Jan 2010 21:25:41 +0000

When the peoples' moment comes, none of these filth will escape detention, interrogation and public trial. It will be both lobbyist and political vermin that will engage prosecutorial interest, not simply one or the other.

By: xyz

xyz — Fri, 18 Dec 2009 23:41:19 +0000

what's the difference between the government and GOLDMAN SACKS-USA? It's a revolving door. So to say that focusing on GOLDMAN SACKS-USA is barking up the wrong tree is incorrect.

Henry Paulson, former CEO of GOLDMAN SACKS-USA made that BIG BANK BAILOUT DEAL with BUSH. You know, the one that made taxpayers give AIG the bailout to pay back GOLDMAN SACKS-USA 100% of their losses and to make AIG pay 100% of the losses of GOLDMAN SACKS-USA's European client base.

GOLDMAN SACKS-USA and GOVERNMENT are one in the same now.

By: xyz

xyz — Fri, 18 Dec 2009 16:41:19 +0000

By: Glen

Glen — Sat, 18 Jul 2009 13:38:37 +0000

…but when GS IS the governments money managers then how can the two entities so intertwined be separated short of a wholesale purge? Totally agree Ed that it is the government and Obama who has to take a stand but the whole shady mess runs very deep.

By: dk

dk — Sat, 18 Jul 2009 13:11:58 +0000

While you have a reasonable position, the reality is that the only way government policy will change is if people get so mad at Goldman and others that they demand something be done about it.

“doing something” will mean changes in government policy.

By: cromag

cromag — Fri, 17 Jul 2009 23:24:57 +0000

Agreed. Wall Street has government in its pocket. Unfortunately the changes you propose are all controlled by politicians and they aren't likely to change anything that makes re-election a challenge. I, like so many others, am frustrated by the situation but don't see much chance of voters organizing to force change. Maybe if the numerous, influential bloggers who see the problem were to get together and begin organizing voters there would be some action behind the collective voice. Any takers??

By: Lets_Eat_Amen

Lets_Eat_Amen — Fri, 17 Jul 2009 20:55:11 +0000

you can't brush off GS so easily. the direction of the government's concern for the financial industry has been originated by GS, hence GS has always profitted enormously. If you want GS to leverage up with increasing their VaR on a daily basis to make massive moves and stop you out of your positions then you live in an alternate universe than 99% of retail investors. GS needs to be broken up or not be declared a bank holding company. Placing them outside of the SEC immediate view does the US no good.

Our government is broken. The veil of tax & tyranny will end swiftly one day. The economy will deteriorate to a point that even Obama's charm won't allow him to get reelected.

By: Edward Harrison

Edward Harrison — Fri, 17 Jul 2009 19:05:58 +0000

We need more people doing the same. Populist rage is of zero use if it isn't directed in the right way.

By: jk

jk — Fri, 17 Jul 2009 17:51:45 +0000

amen brother

I am much more concerned about the purchase of the government by corporate interests and the regulatory capture.

What I am most concerned about is that the American citizen does not appear to understand that our country is being stolen from us. Populist outrage does not matter, but focus does. We (the American People) have no focal point for the anger and no policy change. I will be writing letters to my two Senators and Representative but I am only one voice.