Goldman Employee Apointed SEC Chief Operating Officer

[bdstory]

Talk about a conflict of interest. Wow.

[freedom]

Unfrickenbelievable.

I would rather see Larry Storch get the job than this GS flack.

Showing our age a little bit, are we

[Bill Hicks]

Now this is some change I can believe in.  Thanks, Barry O.   

[CACaptive]

This is beyond outrageous and unfortunately says something (again) about the Obama administration, not that we docile moronic Americans give a crap.

[steelmoon]

Unfrickenbelievable.

I would rather see Larry Storch get the job than this GS flack.

Showing our age a little bit, are we

Yes, but I really think we'd be in better hands with Corporal Agarn!

 

[BlueOwl]

Yeah, but we need the expertise in the office to do a good job.  It takes a thief to catch a thief.

I've always liked Glen Greenwald.  Here's his take.

So the most profitable quarter Goldman Sachs ever had in its history was the second quarter of 2009 -- just a few months after massive amounts of taxpayer money were transferred to them and their counter-parties in order to prop up their business, while several of its key competitors were allowed to die. 

The second-most profitable quarter it ever had in its history was the third quarter of 2009.

In his seminal article in The Atlantic earlier this year, former IMF economist and current MIT Professor Simon Johnson warned (just like former IMF official Lachman did) that, for deeply corrupt oligarchies in which the unrestrained power and recklessness of the oligarchs spawn a financial crisis, this is what happens:

"at the outset of the crisis, the oligarchs are usually among the first to get extra help from the government . . . Meanwhile, needing to squeeze someone, most emerging-market governments look first to ordinary working folk -- at least until the riots grow too large."

[DimLightbulb]

And no questions or concern voiced by our "elected" officials.

So it's GS dealing with GS about rules on Wall Street which GS pretty much creates as they go ?

Bizarro world folks..bizarro world.  They used to be sly about it but now..out in the open for all to see.

And the sheeple just nod their heads.

[BlueOwl]

And the sheeple just nod their heads.


I'm pissed about this.  I'm not surprised anymore.  And I just read an ACLU newsletter that was pretty much 50 leather-gloved smacks in the face on top of it.  And I'm that much more pissed.  And there is nothing I can think of to do about any of it.  Spreading the word =/ action and it certainly =/ positive change.

Bahhhh....