Thought free market economics were complex? You thought wrong. It's all veeeery simple, explains Jon Stewart. You take your economic pyramid, then you add your invisible, government-funded scaffolding of the free-market... Watch from around the 01:25 mark... The Daily Show...
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CommentCentral on 17th Jul 2009 (via timesonline.typepad.com)
Goldman Sachs and all the other nasty speculators made a fortune out of starving people. So we’re told. There are so many things wrong with this it’s unbelievable. Then, through the 1990s, Goldman Sachs and others lobbied hard and the regulations were abolished. Suddenly, these contracts were turned into “derivatives” that could be bought and sold
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TimWorstall on 2nd Jul 2010 (via timworstall.com)
Jeez (from WSJ front page). Critics say Goldman Sachs gives key trading tips only to its own traders and favored clients, hurting others who aren’t given the opportunity to profit from the information. Aren’t Goldman Sachs just such complete bastards? You know, using proprietary information in a proprietory manner?
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TimWorstall on 24th Aug 2009 (via timworstall.com)
The stock market had little doubt as to which entity had come off best in the tussle between Goldman Sachs and the Securities and Exchange Commission
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FT on 16th Jul 2010 (via ft.com)
THE government was last night resisting calls to stop employing the investment bank Goldman Sachs as an adviser, despite a new inquiry being launched into its dealings.
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Scotsman on 20th Apr 2010 (via news.scotsman.com)
Barack Obama said he 'did not begrudge' the multi-million dollar bonuses given out to Lloyd Blankfein of Goldman Sachs and Jamie Dimon of JPMorgan Chase and added that their large pay-outs were a consequence of America's 'free market system'.
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FT on 10th Feb 2010 (via traxfer.ft.com)
Lloyd Blankfein, the outspoken chief executive of Goldman Sachs, has issued a thinly veiled threat that the bank will shift operations out of Europe if the regulatory crackdown on the industry becomes too tough
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FT on 29th Sep 2010 (via ft.com)
It would appear that you are to be prevented from swearing in emails….. There will never be another s— deal at Goldman Sachs Group Inc. The New York company is telling employees that they will no longer be able to get away with profanity in electronic messages. That means all 34,000 traders, investment bankers
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TimWorstall on 29th Jul 2010 (via timworstall.com)
Goldman Sachs's second-in-command warned that markets would stop functioning if Congress forced banks to look after their clients' interests when operating as 'market makers' standing between buyers and sellers of securities
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FT on 12th May 2010 (via traxfer.ft.com)
Goldman Sachs should be suspended as an adviser to the government until fraud allegations are investigated, Nick Clegg has said.
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BBCPolitics on 20th Apr 2010 (via news.bbc.co.uk)
Over the last ten days, two democratically elected leaders of sovereign European states were forced from office without any form of consultation with their people. At the same time, the new President of the European Central, Mario Draghi was put in to place. Astonishingly, all three men have strong links to Goldman Sachs.
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LiberalConspiracy on 16th Nov 2011 (via liberalconspiracy.org)