Sunday, February 20, 2011

ISN'T IT TIME FOR GOLDMAN SACHS TO BE LESS POWERFUL WITH ITS SINS?

Blogs are informative when written by people who have truly researched their subjects, especially when they are trained journalists.  William D. Cohan has written an article:  How Goldman Killed A.I.G.  (The article is long and the comments after it, most relevant.  If the subject interests you, spend a bit of time to enlighten yourself.  Our society has long jumped at the opportunity to demonize targets that are written about as having done wrong or being greedy. unless they are well protected as Goldman Sachs has been to date.

So many of our economic advisers have cut the professional teeth at Goldman Sachs.   That has always seemed to me that Obama let the fox into the hen house by believing he had the best economic team possible.  It is easy to second guess people's motives and think we know what we really know little about, from lack of exposure, lack of facts, or just plain assumptions and ignorance.

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