Article

2010-02-16 Economy

Goldman Sachs Goes Rogue -- Special European Audit To Follow

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Posted by Besoeker 2010-02-16 01:34|| || Front Page|| [1 views ] Top

#1 Go ahead, blame it on Goldman instead of the sovereign, elected governments.

Posted by Perfesser 2010-02-16 10:38|| 2010-02-16 10:38|| Front Page Top

#2 Perfesser, that strawman don't dance. No one is saying that, in this case, Greece doesn't deserve the blame, too.

There can be more than one party to the fraud. This is the same kind of crap that the bigwigs and pols pulled here. It's all part of the crony-capitalist (aka fascist) procedure to privatise the gains and socialize the losses.

A perfect example is the purchase of a failed bank by One West Bank. Research it and you will find the fingerprints of all the usual suspects from the Paulson's to George Soros and Chris Dodd that wound up with One West getting it's entire investment in soft assets (aka dubious mortgages) not only gauranteed by the gov't but with a built in huge profit and fee.

THAT'S the kind of behavior that is fueling the Tea Parties.

Posted by AlanC 2010-02-16 11:38|| 2010-02-16 11:38|| Front Page Top

#3 crony-capitalist (aka fascist)

Crony capitalist, yes, but not fascist. Fascism reqires race-nationalist ideology + aggressive military expansionism, so that doesn't apply. Also, fascists are better organized, and co-opt EVERY major corporate social group, from churches to associations to various branches of the military. The only grouping that Barry's concerned with is the unions.

There's a more accurate, more concise way to express this phenom: oligarchy. Think of Barry's USA as Latin America North.

Posted by lex 2010-02-16 11:48|| 2010-02-16 11:48|| Front Page Top

#4 Franco managed to keep Spain a fascist backwater until he died of old age without the aggressive military expansionism and with a pretty muted race-nationalist ideology.

But I agree B.O.'s not a fascist. Fascists aren't Marxist.

Posted by Fred 2010-02-16 13:18|| 2010-02-16 13:18|| Front Page Top

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