Saturday, July 11, 2009

Government Sachs Swindlers score while everyone else flounders - GASP, how did that happen?

SHOOT: Goldman Sachs is painting a very solid target on themselves. Smart move. A few months from now I won't be surprised when their buildings, around the world, start going up in flames. Is it right that you profit from everyone elses loss? Goldman Sachs obviously hopes we're even stupider than they think we are. I guess you can have the media play your tune only for so long [on NBC and the rest) before the game is up. More on the Goldman Sachs swindle.
clipped from www.reuters.com
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NEW YORK (Reuters) - Under normal circumstances, Goldman Sachs Group Inc (GS.N) might be afforded a moment of gloating as it struts toward what could be a banner earnings announcement just nine months after being roiled by Wall Street's worse crisis since the Great Depression.

But these aren't ordinary times for the biggest U.S. investment bank, which lately has faced a torrent of unwanted publicity stemming from employee theft allegations and an unflattering spread in Rolling Stone magazine.

And, regardless of the results, critics may fall back on the old "Government Sachs" refrain, a nod to the number of former Goldman defectors now working in government, and claiming special treatment.

clipped from www.reuters.com

Sour grapes or not, Goldman, despite the fact that the Treasury Department is no longer run by one of its former CEOs and that a retired Goldman chairman has been forced out of key post at the New York Federal Reserve, continues to raise hackles among many.

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