Wednesday, July 15, 2009

While observing that Goldman made a “bloody fortune”, he said the immediate issue was not the rights

Spitzer Says Banks Made `Bloody Fortune' With U.S. Aid

While observing that Goldman made a "bloody fortune", he said the immediate issue was not the rights or wrongs of making a profit - but the question of where the proceeds go.

Posted by chris @ 12:08 AM (704 views)
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2 thoughts on “While observing that Goldman made a “bloody fortune”, he said the immediate issue was not the rights

  • crash n burn says:

    Can anyone get this to play?

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  • It’s working for me.

    The theme is profits are good but the money is going into the pockets of GS employees and not creating the jobs that are needed for the economy – except, of course, for boat builders, etc.

    Stock markets are a conduit for the flow of money from investors into enterprise. It’s all gone belly-up because investors first began to bet on the markets, then realised quickly that they could influence those same markets. Simplistic, I know, but the gamblers are like weeds clogging up the system and I think they are too much in control to be tackled with weed killer. Scorched earth policy is required but what that is I have no idea.

    Off topic – it’s interesting that the immigration article has been removed. One comment said that the debate belonged elsewhere but, while agreeing, I had just made the point that population down a third would make a hell of a difference to house prices. Now here we are locked into Goldman Sachs which is hardly more relevant to hp.

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