3 ms·

OK, but Goldman doesn't make money by pushing dope or breaking peoples' kneecaps. To reiterate: "The only people forced to trade with Goldman were taxpayers fi

• jbooth 17y ago
  No, but they do make a ton of money by frontrunning trades, a practice which is only legal because Congress is too dysfunctional to pass a law against it.
• chaostheory 17y ago
  No, but they do it by putting a lot of their alumni into the US Dept of Treasury, which somehow miraculously gets them sweetheart deals from the gov. It's hard to admire a company that readily takes welfare handouts from the government, while at the same time asking for hands off when it comes to taxes and regulations, especially when mixed shady practices. GS is made of a lot of clever individuals, that's not questioned. Reputable and admirable? That's another story. Almost forgot, the banks haven't really paid up.: http://www.zerohedge.com/article/10-ways-say-no-banks-have-not-paid-back-their-debt-taxpayer http://www.zerohedge.com/article/10-ways-say-no-banks-have-n... There's another article that shows that the Fed Reserve opened up new loans to the banks to replace the 'paid up' TARP loans.