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Message
Goldman tapes show culture of corruption, crony capitalism
Posted on 10/1/14 at 8:46 am
Posted on 10/1/14 at 8:46 am
LINK
I wish I could say I was surprised that Republican lawmakers weren't making anything of this. This shows once again that right wing politics isn't really about free market policies, it's about benefiting certain actors at the expense of everyone else.
I wish I could say I was surprised that Republican lawmakers weren't making anything of this. This shows once again that right wing politics isn't really about free market policies, it's about benefiting certain actors at the expense of everyone else.
15
Posted on 10/1/14 at 8:49 am to Draconian Sanctions
quote:
Republican lawmakers
quote:
right wing
wait
we need a new definition of "right wing"
last time it was small government-types
Posted on 10/1/14 at 8:49 am to Draconian Sanctions
Where in that article did it insinuate republicans weren't doing anything and democrats were? Skimmed on phone and didn't see anything but didn't look close and can't ATM.
Posted on 10/1/14 at 8:51 am to Draconian Sanctions
quote:
This shows once again that right wing politics isn't really about free market policies, it's about benefiting certain actors at the expense of everyone else.
I like how a firm using the government for advantages is portrayed as a failure of small-government ideas.
Posted on 10/1/14 at 8:53 am to inthemorning
quote:
I like how a firm using the government for advantages is portrayed as a failure of small-government ideas.
exactly
this is a great side-point to that comment
quote:
Wealthy individuals can qualify with the Securities and Exchange Commission as accredited investors. This means they can invest in more things and have fewer protections afforded to them.
the policy behind accredited investors is a type of consumer protection: we don't want poor people taking risks in investing
it's sold as a nanny-state behavior
what does it do? it creates different rules for the rich and everyone else, which gives the rich a decisive investing advantage
PROGRESS!
Posted on 10/1/14 at 8:54 am to Draconian Sanctions
Corporate favoritism is a definite problem, DS. That's true. But take off the shades, dude. This shite is EVERYWHERE. Do Solyndra and A123 ring any bells?
Posted on 10/1/14 at 8:54 am to inthemorning
quote:
I like how a firm using the government for advantages is portrayed as a failure of small-government ideas.
Up is red, left is potato, water is dry, the sky is plaid, you can replace a Gerry Bertier, a pig and elephant DNA splices just fine, and frick her right outside the pussy.
Posted on 10/1/14 at 8:54 am to Draconian Sanctions
quote:
I wish I could say I was surprised that Republican lawmakers weren't making anything of this. This shows once again that right wing politics isn't really about free market policies, it's about benefiting certain actors at the expense of everyone else.
You think this is only GOP problem?
You're delusional.
Posted on 10/1/14 at 8:57 am to Draconian Sanctions
From the second paragraph of your link.
Wow! Huff Post really nailed Goldman Sachs with that expose'!
quote:
The tapes, secretly recorded by then-bank examiner Carmen Segarra, don't capture any craven wrongdoing by the bank.
Wow! Huff Post really nailed Goldman Sachs with that expose'!
Posted on 10/1/14 at 8:57 am to Tiguar
quote:
Where in that article did it insinuate republicans weren't doing anything and democrats were? Skimmed on phone and didn't see anything but didn't look close and can't ATM.
The article doesn't discuss either party. It's just a hackishy partisan OP.
Posted on 10/1/14 at 8:59 am to buckeye_vol
quote:
The article doesn't discuss either party. It's just a hackishy partisan OP.
So just like every other Draconian Sanctions OP?
Posted on 10/1/14 at 9:00 am to LSURussian
quote:
Wow! Huff Post really nailed Goldman Sachs with that expose'!
yeah
quote:
For instance: ProPublica reporter Jake Bernstein describes a meeting where a senior Goldman compliance executive "mentioned that Goldman's view was that once clients were wealthy enough, certain consumer laws didn't apply to them."
That sounds cavalier, and Segarra was "shocked" to hear it.
how did a regulator not know what an accredited investor is?
how does huffpo explain this simple issue and defend the apparently mentally incompetent "whistle blower"?
quote:
Both the New York Fed and Goldman are familiar with accredited investor rules (or they certainly should be, at any rate). It should have been easy to clarify if this was in fact what the executive was talking about, but we can’t know for certain if the explanation is this benign, because the Fed never asked.
oh yeah, and
quote:
So if there was the possibility of an innocent explanation like this, why were Segarra's colleagues so loath to ask questions about what that executive said?
i don't think they were "so loathe" to ask the questions. they didn't want to get called the r-word for asking a stupid question
which they mold into this:
quote:
If the Fed is too afraid to ask Goldman Sachs questions when the bank could well be in the right, how can it be expected to ask questions when the answer might point to even a hint of wrongdoing?
liberals will eat that line up and spout the arguments of this article without having any clue of what the story is about
...just like Segarra
Posted on 10/1/14 at 9:01 am to Vols&Shaft83
quote:
Up is red, left is potato, water is dry, the sky is plaid, you can replace a Gerry Bertier, a pig and elephant DNA splices just fine, and frick her right outside the pussy.
To your point Vols...from the comment section of the article:
quote:
Nationalize Goldman Sachs. Enough is enough. Bring back our democracy.
Posted on 10/1/14 at 9:01 am to SlowFlowPro
quote:
the policy behind accredited investors is a type of consumer protection: we don't want poor people taking risks in investing it's sold as a nanny-state behavior what does it do? it creates different rules for the rich and everyone else, which gives the rich a decisive investing advantage
Unfortunately they continue to implement policies that do this time and time again while advocating for even more. It's either borderline insane or just plain corrupt.
Posted on 10/1/14 at 9:02 am to Draconian Sanctions
quote:Me, too. After all, Goldman Sachs is known for its support of the Democrat party, including its current CEO, Lloyd Blankfein.
I wish I could say I was surprised that Republican lawmakers weren't making anything of this.
quote:LINK
Goldman Sachs’ investment in Obama pays off huge
Top contributors to Obama campaign 2008
Goldman Sachs $1,034,615
Posted on 10/1/14 at 9:03 am to buckeye_vol
quote:
It's either borderline insane or just plain corrupt.
no no no
it's about protecting people from possibly making mistakes. consumer protection, bro. forward
Posted on 10/1/14 at 9:03 am to Draconian Sanctions
quote:
I wish I could say I was surprised that Republican lawmakers weren't making anything of this. This shows once again that right wing politics isn't really about free market policies, it's about benefiting certain actors at the expense of everyone else.
Great opportunity to unite against the corruption of big government yet you chose to go the other route and celebrate how less wrong your side is.
Congrats on being part of the problem.
Posted on 10/1/14 at 9:05 am to Draconian Sanctions
To be fair, the only lawmakers I've seen trying to do something about this are Elizabeth Warren and Bernie Sanders.
I have no doubts numerous Democrats were complicit in it right alongside many Republicans.
I have no doubts numerous Democrats were complicit in it right alongside many Republicans.
Posted on 10/1/14 at 9:06 am to inthemorning
quote:
I like how a firm using the government for advantages is portrayed as a failure of small-government ideas.
Posted on 10/1/14 at 9:07 am to The Spleen
quote:FIFY
I have no doubts all Democrats were complicit in it right alongside all Republicans.
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