Sunday, January 31, 2010

Thieves By Nature

Yesterday, in - EVERYONE Should Quit Trading! - I briefly discussed Goldman Sachs and their so-called *proprietary trading*.

For more on that subject, read this insightful piece:

The frog, the scorpion and Goldman Sachs.


Anonymous said...

hey they did not break any laws. They played according to the rules. we can't do anything about it.

thats obama talking, not me.

If i were obama, i would want to see atleast few indictments and jail terms for few fraudsters(the most high profile, public the better) that were behind this entire financial crisis. I know its not few persons, probably the practices employed by entire wall st banks. I would want them to bear responsibility, and not "doing gods work" arrogance.

sometimes you wish you were in china. They hang people who commit fraud, particularly of public kind. Some of the high profile mayors of Shanghai(?) and other big cities involved in corruption/fraud were hanged.

i doubt llyod would have uttered those words if he were in china.

CaptiousNut said...

But through their politicking....they help write the laws, no?