We Don't Care. We Don't Have To Care. We're Goldman Sachs.

by: Mike Lux

Thu Jul 16, 2009 at 15:00

Goldman Sachs has openly, blatantly gone back to business as usual, knowing they will be bailed out by taxpayers if their high rolling gambles don't work, and they don't care who knows about it.

The reason they can be so breathtakingly arrogant, so stunningly cavalier about not giving a damn about things that any other company's PR and government relations department would advise them against, is that they know they have the power to do anything they want to do. The Obama White House needs to take Goldman Sachs to the woodshed rhetorically, and they should have the Justice Department investigating them for anti-trust violations and all manner of stock manipulation. It is time to start squeezing the management at Goldman, and making them nervous about being broken up into pieces that are not too big to fail.

Here's (with brief intro) Matt Taibbi, Rob Johnson, and myself taking about Goldman Sachs on what is rapidly becoming my favorite media program for discussing economic issues, GRITtv:

Mike Lux :: We Don't Care. We Don't Have To Care. We're Goldman Sachs.

Tags: GritTV, Laura Flanders, financial bailout, financial crisis, economic crisis, Goldman Sachs, (All Tags)

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We Don't Care. We Don't Have To Care. We're Goldman Sachs. | 5 comments

This is a money grab by the goldman faSachists (0.00 / 0)

They can feel the public pressure picking up against the pay and looting practices of wall street so they put the pedal to the metal to justify another big payday ratcheting up risk to make short-term profits and big-time paydays for themselves. Either that or they know they completely own the government and their "public" servants won't do jackshit no matter what these thieving bastards do. It makes sense to them either way to pull the shit that they are pulling while we all pay the price ... in so many ways ... for their f'ing deplorable wealth.

Despite all the rhetoric about clamping down on greedy wall street pay practices, I haven't heard the pope of hope say a damn word about this either ... nor his and wall street's pals summers or geithner. He knows who he serves ... the f'ing fraud.

by: Z @ Thu Jul 16, 2009 at 19:40:48 PM UTC

by: you @ soon

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The woodshed probably is not in their future (4.00 / 1)

Unless Obama fires Summers and Geithner. And I don't see that happening at this juncture. There would have to be blood in the streets, torching of mansions, and all the rest before Obama would see the writing on the wall. Even at that point, my guess is that Wall Street would demand that the Administration prosecute the rioters rather than solve the underlying problems.

Same dynamic for the Justice Department. There are many indications that investigations are in order. Yet we've seen zip from the federal level.

by: TSlavin @ Thu Jul 16, 2009 at 19:54:50 PM UTC

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the fraud that infests the oval office (0.00 / 0)

How long will it take our celebrity-worshiping masses to pull their heads out of their asses and see the pope of hope for what he is: a f'ing fraud. obama, the establishment's latest head pr man, should have an approval rating of about 12 right now. And bush should have had one of ZERO.

by: Z @ Thu Jul 16, 2009 at 20:11:00 PM UTC

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