There is no recovery for Main Street, no matter how many people are on their knees looking for "green shoots". It is phony rhetoric–and even the left-wing Financial Times grasps the problem. The paper’s front-page article today is headlined "Goldman and Citi highlight divide", with the article’s subhead reading, "Wall Street recovering faster than […]
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Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsTag Archive | "Goldman Sachs"
Wall Street Recovering Faster Than Main Street
Posted on 17 October 2009.
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Goldman Sachs: Putting Lipstick On A Pig
Posted on 16 October 2009.
If you are wondering whether the culture of greed on Wall Street–a culture that led to the cratering of the economy just a year ago and the loss of millions of jobs for regular Americans–I present to you news about Goldman Sachs, which will quickly remind us that very little is changing. Things […]
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The Goldman Sachs Racketeers
Posted on 10 September 2009.
It is a failure of the rule of law and accountability that many of the bankers and financiers still have their jobs and, in fact, are not sitting in jail or defending their behavior in court. But, it is even more revealing when you read the following, via The Financial Times today: Lloyd Blankfein, […]
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The Depression Is Here–Except For Wall Street Executives
Posted on 15 July 2009.
Today brings in stark relief the economic chasm in America: the Depression is here, if you measure what real people are going through, but, on Wall Street, the party continues as, in Marie Antoinette style, financial executives reap millions while the rest of the people grasp for crumbs. Today, David Leonhardt has an excellent […]
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Perversion
Posted on 13 July 2009.
This is the definition of perversion (the dictionary tells us that something perverted is "deviating from what is considered right or acceptable; wrong , improper, etc. or corrupt, wicked, etc."). The real unemployment rate is around 16 percent, millions of people are struggling partly because of the behavior of the people running the financial […]
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Goldman Thieves Have To Pass on Bonuses, And Was A Crime Committed?
Posted on 17 November 2008.
So much to read this morning. But, Goldman Sachs is all over the place so let’s check in on one of our great financial manipulators of recent times. The big news–front page of the Financial Times, big story on the Wall Street Journal’s website and front page of the business section in The NY […]
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Your Tax Dollars Are Paying Bank Execs Billions: Wall Street Journal
Posted on 31 October 2008.
Want to know where $40 billion of your taxpayer-financed bailout for bankers is going? Into the pockets of their executives. And that evidence comes straight from a hard-hitting piece in today’s Wall Street Journal. The Wall Street Journal piece is entitled "Banks Owe Billions to Executives". It is written by Ellen Schultz, one of […]
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Another Sweet Day For Goldman Sachs
Posted on 12 May 2008.
A year and a half ago, I wrote about the scam that is Goldman Sachs–a company that was about to shower billions of dollars on its executives after it had gotten stupendous tax breaks from New York’s city and state governments; a few days later, we also learned that the company’s top dog was […]
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