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re: Goldman tapes show culture of corruption, crony capitalism
Posted on 10/1/14 at 9:07 am to Draconian Sanctions
Posted on 10/1/14 at 9:07 am to Draconian Sanctions
Wow, that was a turrible article. And your post is almost as bad.
Basically a Goldman Sachs executive said something. It could be interpreted as "the wealthy don't have to follow the rules that the little people live by!!!!
I EAT THE POOR!!!!!"
Or, much much more likely he was referring to rules that allow advanced ("accredited") investors to invest in riskier assets. Clearly everyone, including the article's author could figure out what they meant:
So more senior Fed people decided that following up and getting a clarification really wasn't worth it since they knew what he meant.
I really don't think this rises to the level of the Nixon's missing tape. This seems like a complete non-issue.
(back to the OP) And even if it was an issue, and I think in general over-site needs to be improved, how is this the Republican's fault and not say, the head of the Executive Branch of government???? The Fed sure, but this is really more an SEC and, oh I don't know, a JUSTICE DEPARTMENT ISSUE.
Will agree on this, Repubs should make more an issue of this, but Obamacare and general poor economic performance are easier to focus on, so I can't really blame them.
Basically a Goldman Sachs executive said something. It could be interpreted as "the wealthy don't have to follow the rules that the little people live by!!!!
I EAT THE POOR!!!!!"
Or, much much more likely he was referring to rules that allow advanced ("accredited") investors to invest in riskier assets. Clearly everyone, including the article's author could figure out what they meant:
quote:
Both the New York Fed and Goldman are familiar with accredited investor rules (or they certainly should be, at any rate).
So more senior Fed people decided that following up and getting a clarification really wasn't worth it since they knew what he meant.
I really don't think this rises to the level of the Nixon's missing tape. This seems like a complete non-issue.
(back to the OP) And even if it was an issue, and I think in general over-site needs to be improved, how is this the Republican's fault and not say, the head of the Executive Branch of government???? The Fed sure, but this is really more an SEC and, oh I don't know, a JUSTICE DEPARTMENT ISSUE.
Will agree on this, Repubs should make more an issue of this, but Obamacare and general poor economic performance are easier to focus on, so I can't really blame them.
0
Posted on 10/1/14 at 9:08 am to The Spleen
quote:
the only lawmakers I've seen trying to do something about this are Elizabeth Warren and Bernie Sanders.
all they're doing is making the system worse for us and helping support big firms like GS
regulation helps the big boys and hurts their smaller competition. and the consumer are the ones who pay for the higher transaction costs
Posted on 10/1/14 at 9:08 am to The Spleen
quote:
To be fair, the only lawmakers I've seen trying to do something about this are Elizabeth Warren and Bernie Sanders.
Posted on 10/1/14 at 9:09 am to SlowFlowPro
quote:
how did a regulator not know what an accredited investor is?
Isn't the purpose of the accredited investor designation to prevent start up business con-men from acquiring investment capital from unsophisticated investors? In other words the designation is to protect the small guy.
Also I think small investors can get around the accredited investor requirement through friends and family designation if they really want to invest in a start up.
Posted on 10/1/14 at 9:11 am to The Spleen
quote:
To be fair, the only lawmakers I've seen trying to do something about this are Elizabeth Warren and Bernie Sanders.
Posted on 10/1/14 at 9:11 am to GumboPot
quote:
Isn't the purpose of the accredited investor designation to prevent start up business con-men from acquiring investment capital from unsophisticated investors? In other words the designation is to protect the small guy.
aka, consumer protection. and yes
Posted on 10/1/14 at 9:12 am to LSURussian
quote:BOOM!
Goldman Sachs’ investment in Obama pays off huge
Top contributors to Obama campaign 2008
Goldman Sachs $1,034,615
Thanks for posting this. I knew Goldman was full of Democrats and was gonna Google and post the donations to Obama and the Dems after I read the thread. Thanks for saving my time.
Hey DS, guess this thread isn't exactly going as you planned, as usual you moronic twat.
This post was edited on 10/1/14 at 9:15 am
Posted on 10/1/14 at 9:15 am to UsingUpAllTheLetters
Current lawmakers. Yes, Ron Paul has spoken out on it in the past.
Posted on 10/1/14 at 9:17 am to LSURussian
quote:
LSURussian
Posted on 10/1/14 at 9:19 am to SlowFlowPro
Where's the OP? Cat got his tongue? 
Posted on 10/1/14 at 9:32 am to GumboPot
quote:
Nationalize Goldman Sachs. Enough is enough. Bring back our democracy.
the stupid....it's winning.
Posted on 10/1/14 at 9:33 am to bhtigerfan
Only a financial illiterate and/or drooling idiot would think that anything of substance has been revealed by these tapes.
What's that? Palin of the Left™ wants investigations on whether FRBNY has been "too deferential?"
QEDMF
What's that? Palin of the Left™ wants investigations on whether FRBNY has been "too deferential?"
QEDMF
This post was edited on 10/1/14 at 9:34 am
Posted on 10/1/14 at 9:35 am to Draconian Sanctions
Hmmm... How much did Goldman contribute to Democrats? Look it up. It's quite telling.
Sooner or later you'll realize that dems and pubs politicians are exactly the same.
The fact you guys can't see it is fricking hilarious and sad.
Sooner or later you'll realize that dems and pubs politicians are exactly the same.
The fact you guys can't see it is fricking hilarious and sad.
Posted on 10/1/14 at 9:41 am to 90proofprofessional
quote:
Only a financial illiterate and/or drooling idiot would think that anything of substance has been revealed by these tapes.
Posted on 10/1/14 at 9:41 am to gatorrocks
quote:
Sooner or later you'll realize that dems and pubs politicians are exactly the same.
That should be pretty obvious given that Obama's DOJ hasn't sent a single one of these financial fraudsters to jail. One of the biggest failures of his Presidency, by far.
Posted on 10/1/14 at 9:42 am to bhtigerfan
quote:
Where's the OP? Cat got his tongue?
he's going to claim that he knows the DEMs do this and that's why he doesn't support Obama anymore
Posted on 10/1/14 at 9:57 am to Draconian Sanctions
I think that it is safe to say that this is a very poor attempt at trolling by DS.
Posted on 10/1/14 at 10:02 am to The Spleen
quote:
That should be pretty obvious given that Obama's DOJ hasn't sent a single one of these financial fraudsters to jail
No he just extorted billions of dollars from JPM and BOA.
Posted on 10/1/14 at 10:12 am to Vols&Shaft83
Did the article mention how Goldman employees, especially at the higher ranks, lean heavily Democratic?
Posted on 10/1/14 at 11:22 am to The Spleen
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