Goldman Execs: No Apologies. No Regrets

Of course he thought his conduct was correct. That's what greedy bastards are all about.

If you have ever worked on Wall Street ( or at a hedge fund or in open-outcry futures trading, etc ) you have seen pure, one hundred per cent greed walking around on two legs. These guys look like humans, but there is no motive other than greed in their behavior.

It is stunning in its purity.

They do not just want to make money - they want all the money, your money, any money. If someone else gets a dollar, they hate it.

Regret : impossible. Second thoughts : never. Robbing widows and orphans : no problem.

The idea these creatures will self-police is sick. Cannot happen.

I want to slap the shit out of these guys.

Looks like their PR companies trained GS well for the hearing. Their answers appeared very rehearsed.

Thinking you're correct and claiming "I'm immune so cram it" are different things. They made their bets based on a novel contraption they assembled to make those bets possible.

Of course they knew it was 'wrong', but they checked and of course it wasn't 'illegal'.

Of course there are no apologies, no regrets. These cretins and others in the financial services industry set out to use their positions to make themselves a bundle and they were successful. These cretins and the credit reporting agencies are no different than the ENRON gang and the auditors at Arthur Andersen. In both cases there were people that could have brought their world back from the brink but they didn't becasue they were all making too much money.

One sleaze at today's hearing admitted to "mistakes" at Goldman Sachs...there were no frikkin mistakes, they knew what they were doing would earn them big bucks and they were successful, so there were no "mistakes".

SEC vs. Goldman Sachs: What does it mean for the economy and the American middle class?

Politically driven or not, the US government couldn’t have picked a worst time to bring accusations against Goldman. Has anyone stopped to think that if in fact we are at the beginning of a recovery from the worst recession since the Great Depression, this assault on Goldman will hurt and slow down our economic recovery? What does an assault on Goldman do? It erodes investor confidence and brings down the entire financial sector.

Read the rest of the article at:
http://wp.me/pPdcm-2J

If i were congress, there's no way I'd depend on these boobs for facts. The facts are already out there, after all. I'd still have congressional hearings, but those hearings would be a litmus for transparency and openness. On that score they've failed, and they should be told so, and entered into the public record as further proof of their rapacity.