Monday, April 19, 2010

$GS Goldman Sachs: Sympton or Illness

Is Goldman Sach the illness or the symptom?  I say its a symptom of a culture of greed that is a problem from the very top down.  Doing dastardly things for a buck isn't new its just new the levels we are taking it to in the modern era are completely off the scales.  If our leaders are stealing how can they really expect any different of those they govern.

Quick reminders:

George Bush and Dick Cheney (ex ceo: Haliburton) launched a false war in Iraq on lies which allowed "Tricky Dick" to get 100 Billion dollars of US taxpayer money into the hands of his former company with no competition along with compensating many private contractors that had ties to the President and his ilk.

Bernie Madoff Co-Founder of NASDAQ Stock Exchange and former Chairman of the NASD can you believe it stole $50 Billion dollars an even manage to damage some municipalities with his wide reaching greed.

Treasury Secretary Hank Paulson (Ex CEO of GOLDMAN SACH) help to execute a bailout on AIG which actually served the purpose of flushing 60 + Billion dollars of the peoples money through AIG to his former company Goldman Sachs as the counter-party.  GOLDMAN profited from our loses and had inside help in the goverment to get paid out.

GM's Ceo was being paid a whopping 14 million in his final year of destruction to the auto giant.  Toyota's Grandson is still running his business and has the title of largest automaker in the world and is being paid $700,000........Wait what????  $14,000,0000 vs $700,000.  How in the hell is that level of disparity present here especially considering GM would not be an ongoing concern without Government intervention.

Our Auto Manufacturers made a completely garbage product and sold it for as much as they could, as long as they could, and paid themselves as much as possible while destroying an original American industry and losing it to the country the USA actually drop two nuclear weapons on just 65 years ago.  Really you lost to the Japanese, the guys we nuked, that wasn't enough of a competitive advantage for you to keep that American business a front runner......Really?

As in many of my before mention pieces corruption and greed in this country have been taken to new heights.  From the Governments constantly spending and not accounting missing Billions of our dollars, to the Federal Reserves ratcheting around rates to create fiscal excesses and deficits to exploit as a counter-party to USA, and our Congress busy manipulating the legal system to benefit the highest corporate financier of their campaigns and maintain their own selfish interest above the public good....To say we have a crisis is a serious understatement.

It used to be said that some were willing to step over their dying mother for a buck. Now we have some willing to destroy the very celestial body they inhabit with the rest of their known species for a buck.  This has to stop somewhere or we will fail as a civilization.  Sounds dramatic I know, but at a population of 6 billion if we keep doing this, at some point we will not make it out of one of these contrived crisis.

Those at the top must be held accountable for criminality and moral turpitude.  These crime affect million if not now billions.  These people should suffer the harshest punishments we have to offer as a society to dissuade these types of behavior.  With no real consequences for the "White Collar Bandits" how will you ever really stop this?

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