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it is criticizing Goldman for enforcing it's contracts with AIG It is nowhere near the financial norm to expect companies to have the government pick up the ta
by codexon 17y ago
it is criticizing Goldman for enforcing it's contracts with AIG
It is nowhere near the financial norm to expect companies to have the government pick up the tab for failed counterparties.
Why can't people criticize Goldman for doing that? Can I not criticize multi-billion dollar companies for putting former members into high ranking officers to influence the politics? Can I not criticize connected donors that break laws and then are able to get a pardon from the President?
Just because they can, doesn't mean they should.
- vlod 17y agoSo what your saying is that the CEO who used to run the most successful bank on Wall St and probably knows more about financial markets than the majority of people shouldn't be used to run the FED? Who would you want to run the FED? An elected politician? :)
- codexon 17y agoActually yes, that is exactly what I am saying. And just so you know, the chairman of the Fed is Ben Bernanke, who has never been part of Goldman Sachs. The fact that Goldman is so successful is because Goldman members like Henry Paulson are unelected politicians, the worst type.
- vlod 17y agoMaybe you have more faith in your elected politicians than I do! :) I however don't trust anyone who needs to lobby everyone all the time to raise enough money to get elected. Right.. my bad. Ben's great and seems to be great for the job.
- codexon 17y agoIt's much worse when you let one person (even the president) do the picking.