Thursday, December 13, 2007
The Greedy Goldman Sachs Octopus
As Europe's and America's central banks are pouring endless billions to staunch the bloody subprime mess, Goldman's CEO the 'Financial Times of London' reports today that Lloyd Blanfein will get as this year of crisis ends, a bonus of some us$70m. Last year he received a whooping us$54m. Goldman Sachs is a prime culprit in the subprime scandal. The clever heads of this investment house bet on the collapse of the mortgage market. Rather than ringing the tocsin of warning, they coolly and with delibrate calculation continued to repackage debt of theirs and farm it out to greedy competitors. As a result the firm's bottom line is in the black, whilst others have taken a big hit. A bonus of us$70m is a crime in a country where the mini mouse who is president vetoed coverage for uninsured children, burdened the country with a bad war which he lied the country into, thereby ballooning the country's debt, and has mortgaged the country's domestic economy to recession, which his US secretary of the Treasury Hank Paulson a former CEO of this bloody sucking banking house of Goldman Sachs has proven an incapable practioneer of the public financial good. Greed, greed, and nothing but greed. Congress and the New York State attorney general's office should immediately open an investigation into Goldman's predatory practice, dun them heavily, and throw a good bunch of rascals into jail.
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