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Originally posted by JiggyPotamus
This happens entirely too much, and of course these people are unable to be objective. Why there are not laws and policies in place to stop things like this I do not know. Probably because the majority of politicians want it to continue.
Originally posted by silent thunder
Just when you think Goldman Sachs can get no more ridiculous...
I mean this is truly insane. There is no freaking oversight of anything, quis custodiet ipsos costodes, Elvis has left the building my friends. I now pronounce finance "unhinged."
I wash my hands of this...filth. The edifice will collapse of its own evil weight in due time.
Originally posted by illuminatislave
Feh!!! Business as usual
Wake me when its time to lynch and burn
Originally posted by wingsfan
Originally posted by JiggyPotamus
This happens entirely too much, and of course these people are unable to be objective. Why there are not laws and policies in place to stop things like this I do not know. Probably because the majority of politicians want it to continue.
well, some people still seem to think wait and justice will eventually come. these people pay out the system top to bottom, they will never be subject to laws.
that one guy over there when the bailout happened went to the dodd hearings and walked no prob. later at his gym someone walked up and punched the living ish out of him. that seems like a good place to start.
less complaining, more violently punching.
Originally posted by wingsfan
Originally posted by JiggyPotamus
This happens entirely too much, and of course these people are unable to be objective. Why there are not laws and policies in place to stop things like this I do not know. Probably because the majority of politicians want it to continue.
well, some people still seem to think wait and justice will eventually come. these people pay out the system top to bottom, they will never be subject to laws.
that one guy over there when the bailout happened went to the dodd hearings and walked no prob. later at his gym someone walked up and punched the living ish out of him. that seems like a good place to start.
less complaining, more violently punching.
He is not a good guy in a white hat who got that job so he could make things more fair. He is a mole, an insider who not only KNOWS the ropes, but helped CRAFT the ropes.
Does anyone have a list of all the ex Goldman Sachs executives/officers who now work in powerful positions in Washington? I'm very curious just how many cronies from Goldman have made their way to DC.
Originally posted by kwakakev
reply to post by wildtimes
* * * *
At one point, Haller was compelled to issue a letter to the SEC claiming he did not violate ethics rules.
* * * The letter should have been about identifying the conflicts of interest that are present in the role, what steps are being taken to manage these conflicts and what support can the SEC provide to assist and account for these conflicts.
Shouldn't there be a separation of BUSINESS and STATE?? Isn't there????
When money is worshipped and treated as a god, the American culture is quite clear on this one.
Originally posted by 46ACE
We had an apropriate humorous saying in the USAF Munitions maintenance squadron: Weapons(munitions) Storage area:" There are few problems in life that cannot be handled by a suitable application of high -explosives... har har...:
Why does the personal misbehavior of screwing an expensive hooker bring more widespread approbation and more serious consequences than screwing the public?
Originally posted by wildtimes
Goldman Sachs VP Changed Name, Now a Top Congressional Staffer
www.truth-out.orgwww.truth-out.org... a/1
(visit the link for the full news article)
ThinkProgress has found that a Goldman Sachs vice president changed his name, then quietly went to work for Issa to coordinate his effort to thwart regulations that affect Goldman Sachs’ bottom line....In a few short years, Haller went from being in charge of dealing with regulators for Goldman Sachs to working for Congress in a position where he made official demands from regulators overseeing his old firm.
edit on 19-8-2011 by wildtimes because: to fix the link??
Private rating agencies like S&P are helping to take up this slack to provide a level corporate ground for accountability, but still have many funding issues to work through.
Harrington has made his story public in the form of a 78-page "comment" to the SEC's proposed rules about rating agency reform, which he submitted to the agency on August 8th. The comment is a scathing indictment of Moody's processes, conflicts of interests, and management, and it will likely make Harrington a star witness at any future litigation or hearings on this topic.
The primary conflict of interest at Moody's is well known: The company is paid by the same "issuers" (banks and companies) whose securities it is supposed to objectively rate. This conflict pervades every aspect of Moody's operations, Harrington says. It incentivizes everyone at the company, including analysts, to give Moody's clients the ratings they want, lest the clients fire Moody's and take their business to other ratings agencies.