The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.
— Matt Taibbi in Rolling Stone
Cody Willard at Marketwatch says Lloyd Blankfein, CEO of Goldman Sachs, should be prosecuted. They just announced blowout earnings of $3.44 billion for last quarter. Of course it helps when you can use your federal government connections to game the system and have US prosecutors dancing like puppets on your string.
Oh golly, am I being too harsh? Maybe not. Here’s Willard.
Hey, all you idiot thieving liars at Goldman Sachs – maybe you paid back the $10 billion of welfare money you begged for from the TARP bailouts…but before you pay out a single dollar in bonuses to anybody at your welfare-subsidized institution, how about you pay my sister back the $12 billion in welfare that she sent you through AIG?
And hey, SEC, FINRA and the rest of you worthless regulators who pretend you’re protecting us from frauds like Madoff’s and Goldman Sachs….how about prosecuting Lloyd Blankfein for fraud or gross negligence? I mean, Blankfein signed off on documents that say his firm’s in great financial shape and fully meeting all their capital ratios….when in fact, they had so much junk fraudulently overvalued on their balance sheet that they were actually insolvent and so Blankfein had to go beg for welfare.
Sounds like a rant from the far left (of which Willard most certainly is not) rather than from a mainstream financial website.
Eliot Spitzer On Matt Taibbi and Goldman Sachs
The anti-Goldman sentiment keeps on growing: next up is Bloomberg’s interview with former Attorney General Eliot Spitzer in which he chimes in with his views of Taibbi’s Goldman Sachs article and Goldman’s money making prowess (“because it is a conspiracy does not mean it is wrong”). In a impressively coherent presentation, the former Governor also talks about bankrupt states and the lack of regulation. Must watch.
There’s quite a hubbub growing about Goldman Sachs, and it’s increasingly coming from the mainstream financial world. Sue, who as many of you know is a CPA and a Certified Fraud Examiner, opines it could continue growing until the inevitable investigations happen and some of the miscreants go to prison, even if Congress is currently squealing like preteens at a Jonas Brothers concert about those exciting new Goldman profits. Cynic that I am, I can’t help but think our esteemed Congresscritters are getting hot thinking about all the presumably forthcoming campaign contributions to them from Goldman. After all, they’ve been good little doggies and behaved as they were told to.
But, the rumblings about Goldman are getting too loud to ignore. They may be forced to take action against Goldman anyway.