Monday, November 9, 2009

Goldman Sachs : Justifying the '''bonuses''''

I thought this was a joke when I first saw this.

I'm doing 'God's work'. Meet Mr Goldman Sachs - Times Online
Goldman Sachs Head Says Banks Do 'God's Work'

GOD'S WORK!!!!!!!

While the Times enjoyed highlighting the sensational headline on Sunday , the article is worth a read.

It's incredible how these guys just don't seem to understand that systemically dangerous leveraged trading bets are exactly what caused this whole crisis in the first place.
Goldman almost went under last year, but because the government bailed them out last time; they're now back to their speculating best!

They refuse to acknowledge any wrongdoing and are convinced they are making the financial world a better place. Bonuses are their rightful reward!

GREED or ARROGANCE or SCAMMING THE SYSTEM, it's the kind of attitude that does more harm than good.
It's a party when all's going well, but it almost always ends in tears.

I don't think the guys at Goldman Sachs understand the anger of a hungry, unemployed & disgruntled blue collar worker who is struggling to make ends meet.

It's this 'in your face' insensitivity & 'let them eat cake' attitude that leads to molotov cocktails and angry mobs.
Watch this space!

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