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Anonymous
04.08.10 @ 03:19
Views: 507

Goldman Sachs denies betting against clients

I read today that Goldman Sachs apparently is denying that they were betting against their own clients during and after the crisis. Innocent until proven guilty but this is the sort of dishonest scum that's going to help drive the New Tea Party Movement. So my question is if things like this turn out to be true, I'm not sure if fining the company would be so good for the country, would the right way to go about it to be to find out whoever was responsible and what managers actually orderered this and then get criminal charges or huge fines onto them. It's pretty rotten if some brokers decided that they were going to make guaranteed money by abusing your trust.

Corruption seems to be everywhere in the administration these days and it's still only 2010, early days for the Tea Party Movement, give it another few years and if stuff like this isn't cleared up I'm hoping we'll start to get real power if we have a good organization.

#34
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Anonymous - 04.10.10 @ 13:39 Re:Goldman Sachs denies betting against clients

Pretty much, hope it's not true but unfortunately it probably is... we see very clearly how some banks got bailouts and others didn't and quite a lot of the time it seemed to depend on the relationship between the guy handing out the billions and if he previously worked for the bank in trouble or not.

#68
Anonymous - 04.10.10 @ 13:40 Well whatever the truth

something has definitely gone wrong, I got no problem with CEO guys or girls earning millions of dollars, but the keyword here is earning it. Lately it seems nobody has any shame whatsoever about driving a century old company/bank/whatever into the ground and taking a golden parachute. So you destroy an old company and retire with huge money, go figure!?

#69