Goldman Sachs: We’re Your Pusher Men

By Justin Gardner | Related entries in Banks, Video

Listen, you’ll get no arguments from me that, on the whole, capitalism has been a positive force. But the problem is it’s an amoral system when gone unchecked and it just continues to find new and inventive ways to make money until something like 2008 happens.

And today…even though they didn’t need to be…Goldman Sachs became the poster child for that excess.

No regret. No remorse. Just one clear message: greed is good.

See, what was clear from the hearings with Goldman Sachs today…they’re not a bank…they’re drug pushers, with the drug being risk, reward and potentially total financial annihilation. Take your pick. They’ll sell you anything…as long as you can pay.

And…it’s all legal…maybe. Because what the emails that Senators read reveal is a similar knowing negligence for some investors to what Enron did with energy prices and the Californian government.

But hey, don’t take my word for it…take a look at how they conducted themselves today…

Yes, the way Goldman talked about how they serve their clients today was unfortunate to say the least. They didn’t do themselves any favors and the repercussions will be felt for a long time to come.


This entry was posted on Tuesday, April 27th, 2010 and is filed under Banks, Video. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “Goldman Sachs: We’re Your Pusher Men”

  1. Tweets that mention Donklephant » Blog Archive » Goldman Sachs: We’re Your Pusher Men -- Topsy.com Says:

    [...] This post was mentioned on Twitter by Justin Gardner, Donklephant. Donklephant said: DONKLEPHANT: Goldman Sachs: We’re Your Pusher Men http://ow.ly/17clge [...]

  2. medlaw Says:

    Gordon Gekko still lives. Complete hubris to sit before Congress and completely deny and wrongdoing.

  3. David Aitken Says:

    According to the federal register, it’s more likely that you should have used the term “distorted” rather than “unchecked”. There are lots of rules and regulations passed by federal, state, and local governments that distort capitalism and make it unlikely to work well. It’s like throwing sand in the gears.

Leave a Reply


NOTE TO COMMENTERS:


You must ALWAYS fill in the two word CAPTCHA below to submit a comment. And if this is your first time commenting on Donklephant, it will be held in a moderation queue for approval. Please don't resubmit the same comment a couple times. We'll get around to moderating it soon enough.


Also, sometimes even if you've commented before, it may still get placed in a moderation queue and/or sent to the spam folder. If it's just in moderation queue, it'll be published, but it may be deleted if it lands in the spam folder. My apologies if this happens but there are some keywords that push it into the spam folder.


One last note, we will not tolerate comments that disparage people based on age, sex, handicap, race, color, sexual orientation, national origin or ancestry. We reserve the right to delete these comments and ban the people who make them from ever commenting here again.


Thanks for understanding and have a pleasurable commenting experience.


Related Posts: