This link has been bookmarked by 3 people . It was first bookmarked on 22 May 2009, by Clay Burell.
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23 May 09
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So, while these golden ones are loudly repudiating the $10 billion public subsidy they took from us, they are coyly retaining at least 40 billion of our dollars to stay afloat -- a tidy sum that does not include any restrictions on pay levels
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Sure, and the Mafia plays its game strictly according to Hoyle. The difference is that the Mafia must actually break the rules, while Wall Street simply hires lobbyists and politicians to write the rules.
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22 May 09
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So, while these golden ones are loudly repudiating the $10 billion public subsidy they took from us, they are coyly retaining at least 40 billion of our dollars to stay afloat -- a tidy sum that does not include any restrictions on pay levels. Coincidentally, Goldman has since announced that it is setting aside nearly $5 billion to be distributed at the end of the year as compensation for its executives, including payments for outlandish bonuses for those at the top.
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Saying that such-and-such is the greediest bunch of bankers on Wall Street is like someone claiming to have the biggest hairdo in Dallas -- the competition is fierce. But that's quite a head of hair atop Goldman Sachs. Well, sniff the executives, we merely play the game according to the rules we're given.
Sure, and the Mafia plays its game strictly according to Hoyle. The difference is that the Mafia must actually break the rules, while Wall Street simply hires lobbyists and politicians to write the rules.
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Indeed, Goldman Sachs has been nicknamed "Government Sachs" by its rivals, for it always seems to have at least one of its top officials strategically placed inside government to bend federal financial rules to its benefit. In the 1990s, for example, two Goldman foxes -- Robert Rubin and Larry Summers -- were inside the Clinton administration henhouse, where they helped craft the deregulation scams that enriched their former banks, before the scams caused the crash of our economy.
Following that crash, up stepped Hank Paulson, who had been Goldman's CEO before George W. plucked him off the Street to run the very bailout that has now deposited so much of our money in his bank. With Bush's demise, Hank is gone, but not Goldman. That sly Goldman Fox from the Clinton years, Larry Summers, is back, this time in Barack Obama's henhouse, where he's top economic advisor.
Not surprisingly, our gold keeps flowing to Goldman Sachs -- but don't expect the bankers to be grateful to you.
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